XML 50 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Quarterly Financial Data (Unaudited) Tables
12 Months Ended
Dec. 31, 2011
Summary of Quarterly Financial Data (Unaudited) [Abstract]  
Summary of Quarterly Financial Data (Unaudited)
                                 
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

2011(1)(2)

                               

Total revenues

  $ 2,779,690     $ 2,874,905     $ 2,942,520     $ 2,959,117  

Gross profit

    442,188       461,646       465,736       455,820  

Net income

    33,997       40,059       56,045       48,157  

Net income attributable to Penske Automotive Group common stockholders

    33,927       39,560       55,707       47,687  

Diluted earnings per share attributable to Penske Automotive Group common stockholders

  $ 0.37     $ 0.43     $ 0.61     $ 0.53  
         

2010(1)(2)(3)

                               

Total revenues

  $ 2,402,149     $ 2,596,383     $ 2,659,549     $ 2,670,304  

Gross profit

    396,747       413,883       416,557       416,928  

Net income

    20,332       29,684       30,260       29,071  

Net income attributable to Penske Automotive Group common stockholders

    20,354       29,441       29,977       28,509  

Diluted earnings per share attributable to Penske Automotive Group common stockholders

  $ 0.22     $ 0.32     $ 0.33     $ 0.31  

 

(1) As discussed in Note 4, the Company has treated the operations of certain entities as discontinued operations. The results for all periods have been restated to reflect such treatment.
(2) Per share amounts are calculated independently for each of the quarters presented. The sum of the quarters may not equal the full year per share amounts due to rounding.
(3) Results for the year ended December 31, 2010 include first, second, and third quarter pre-tax gains of $605, $422, and $607, respectively, relating to the repurchase of $155,658 aggregate principal amount of the Convertible Notes.