2014 Q4 Form 10-K Financial Statement

#000114498016000161 Filed on February 19, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $1.503B $1.506B $1.503B
YoY Change 9.4% 8.29% 11.75%
Cost Of Revenue $1.258B $1.261B $1.256B
YoY Change 9.26% 8.24% 11.8%
Gross Profit $244.6M $244.6M $247.9M
YoY Change 10.13% 8.57% 11.52%
Gross Profit Margin 16.27% 16.25% 16.49%
Selling, General & Admin $166.7M $171.5M $169.2M
YoY Change 6.18% 7.73% 9.94%
% of Gross Profit 68.15% 70.11% 68.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.000M $6.700M $6.400M
YoY Change 11.11% 8.06% 8.47%
% of Gross Profit 2.86% 2.74% 2.58%
Operating Expenses $173.2M $171.5M $169.2M
YoY Change 10.53% 7.73% 9.94%
Operating Profit $71.40M $66.10M $72.20M
YoY Change 9.17% 13.97% 25.78%
Interest Expense -$14.30M -$13.10M -$13.20M
YoY Change 10.85% -7.09% -2.22%
% of Operating Profit -20.03% -19.82% -18.28%
Other Income/Expense, Net -$13.10M -$13.20M
YoY Change -37.32% -2.22%
Pretax Income $19.50M $53.00M $59.00M
YoY Change -56.86% 42.86% 34.4%
Income Tax $7.600M $20.60M $22.80M
% Of Pretax Income 38.97% 38.87% 38.64%
Net Earnings $11.80M $32.50M $35.90M
YoY Change -56.13% 43.17% 32.96%
Net Earnings / Revenue 0.79% 2.16% 2.39%
Basic Earnings Per Share $0.41 $1.09 $1.18
Diluted Earnings Per Share $0.40 $1.08 $1.18
COMMON SHARES
Basic Shares Outstanding 29.77M shares 29.80M shares 30.30M shares
Diluted Shares Outstanding 30.00M shares 30.50M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.900M $11.10M $7.000M
YoY Change -46.3% 753.85% -89.55%
Cash & Equivalents $2.900M $11.10M $7.000M
Short-Term Investments
Other Short-Term Assets $107.3M $79.90M $79.60M
YoY Change 33.46% 6.25% 13.39%
Inventory $886.0M $784.6M $793.1M
Prepaid Expenses
Receivables $107.0M $87.90M $95.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.275B $1.091B $1.124B
YoY Change 15.05% 7.95% 4.83%
LONG-TERM ASSETS
Property, Plant & Equipment $741.6M $700.1M $677.5M
YoY Change 13.83% 10.37% 17.09%
Goodwill $104.0M $61.90M $61.90M
YoY Change 90.83% 17.23% 117.96%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.40M $60.50M $60.50M
YoY Change -79.64% 1.68% 12.04%
Total Long-Term Assets $906.6M $834.3M $812.4M
YoY Change 16.23% 9.1% 18.84%
TOTAL ASSETS
Total Short-Term Assets $1.275B $1.091B $1.124B
Total Long-Term Assets $906.6M $834.3M $812.4M
Total Assets $2.182B $1.926B $1.936B
YoY Change 15.54% 8.45% 10.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.60M $216.7M $226.1M
YoY Change -2.88% 11.41% 13.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $766.8M $557.1M $610.7M
YoY Change 25.81% -2.28% 22.75%
Long-Term Debt Due $27.40M $13.50M $11.40M
YoY Change 146.85% 58.82% 128.0%
Total Short-Term Liabilities $1.040B $787.3M $848.2M
YoY Change 24.65% 1.81% 20.77%
LONG-TERM LIABILITIES
Long-Term Debt $670.0M $592.1M $537.5M
YoY Change 23.32% 15.8% -7.46%
Other Long-Term Liabilities $23.40M $22.20M $21.40M
YoY Change 14.15% 11.0% 15.05%
Total Long-Term Liabilities $23.40M $22.20M $21.40M
YoY Change 14.15% 11.0% 15.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.040B $787.3M $848.2M
Total Long-Term Liabilities $23.40M $22.20M $21.40M
Total Liabilities $1.063B $809.5M $869.6M
YoY Change 24.39% 2.04% 20.63%
SHAREHOLDERS EQUITY
Retained Earnings $275.1M $263.3M $230.8M
YoY Change 68.26% 92.75% 102.63%
Common Stock $523.0M $520.9M $518.5M
YoY Change 2.37% 2.36% 2.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $351.7M $259.5M $219.6M
YoY Change 91.14% 48.88% 32.21%
Treasury Stock Shares 11.80M shares 10.53M shares 9.956M shares
Shareholders Equity $444.9M $523.9M $528.8M
YoY Change
Total Liabilities & Shareholders Equity $2.182B $1.926B $1.936B
YoY Change 15.54% 8.45% 10.29%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $11.80M $32.50M $35.90M
YoY Change -56.13% 43.17% 32.96%
Depreciation, Depletion And Amortization $7.000M $6.700M $6.400M
YoY Change 11.11% 8.06% 8.47%
Cash From Operating Activities -$74.40M $77.90M $26.10M
YoY Change 206.17% 54.87% 60.12%
INVESTING ACTIVITIES
Capital Expenditures -$18.10M -$29.20M -$18.20M
YoY Change -23.95% -32.41% -24.48%
Acquisitions
YoY Change
Other Investing Activities -$129.7M $0.00 -$17.30M
YoY Change -100.0%
Cash From Investing Activities -$147.8M -$29.20M -$35.50M
YoY Change 521.01% -72.19% 47.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 214.0M -44.60M 10.30M
YoY Change 309.96% 305.45% -86.21%
NET CHANGE
Cash From Operating Activities -74.40M 77.90M 26.10M
Cash From Investing Activities -147.8M -29.20M -35.50M
Cash From Financing Activities 214.0M -44.60M 10.30M
Net Change In Cash -8.200M 4.100M 900.0K
YoY Change -300.0% -106.24% -98.65%
FREE CASH FLOW
Cash From Operating Activities -$74.40M $77.90M $26.10M
Capital Expenditures -$18.10M -$29.20M -$18.20M
Free Cash Flow -$56.30M $107.1M $44.30M
YoY Change 11160.0% 14.55% 9.65%

Facts In Submission

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CY2014 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2015 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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9000000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8600000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10000000 USD
CY2013 us-gaap Advertising Expense
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32800000 USD
CY2014 us-gaap Advertising Expense
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CY2015 us-gaap Advertising Expense
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40100000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
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CY2014 us-gaap Allocated Share Based Compensation Expense
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8600000 USD
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10000000 USD
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2400000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2014 us-gaap Amortization Of Financing Costs
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2400000 USD
CY2015 us-gaap Amortization Of Financing Costs
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2500000 USD
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CY2014 us-gaap Asset Impairment Charges
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900000 USD
CY2015 us-gaap Asset Impairment Charges
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CY2015Q4 us-gaap Assets
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CY2015Q4 us-gaap Assets Current
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CY2015Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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27600000 USD
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2015Q4 us-gaap Common Stock Shares Authorized
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90000000 shares
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CY2015Q4 us-gaap Common Stock Value
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400000 USD
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3600000 USD
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5400000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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2900000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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2800000 USD
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CY2014 us-gaap Comprehensive Income Net Of Tax
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CY2015 us-gaap Comprehensive Income Net Of Tax
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167200000 USD
CY2013 us-gaap Cost Of Revenue
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CY2014 us-gaap Cost Of Revenue
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CY2015 us-gaap Cost Of Revenue
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CY2013 us-gaap Cost Of Services
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243900000 USD
CY2014 us-gaap Cost Of Services
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254400000 USD
CY2015 us-gaap Cost Of Services
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278100000 USD
CY2013 us-gaap Cost Of Services Depreciation And Amortization
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10100000 USD
CY2014 us-gaap Cost Of Services Depreciation And Amortization
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14000000 USD
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19000000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
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45500000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
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47100000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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49600000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
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54100000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
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95100000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
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4100000 USD
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7000000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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10200000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Premium
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10000000 USD
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13800000 USD
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14600000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
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16900000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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32800000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
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5800000 USD
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4900000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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1900000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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2100000 USD
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39100000 USD
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33200000 USD
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6300000 USD
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10200000 USD
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11800000 USD
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8100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
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9200000 USD
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4300000 USD
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4500000 USD
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4500000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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4400000 USD
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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14800000 USD
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1900000 USD
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3900000 USD
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1400000 USD
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1700000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1100000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1300000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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2200000 USD
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.5
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18000 USD
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24300000 USD
CY2014 us-gaap Depreciation And Amortization
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26400000 USD
CY2015 us-gaap Depreciation And Amortization
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29500000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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24300000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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26400000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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29500000 USD
CY2013 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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14600000 USD
CY2014 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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0 USD
CY2015 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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34900000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.380
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0.35
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13100000 USD
CY2015Q4 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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8400000 USD
CY2015Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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0.53
CY2015Q4 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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CY2013 us-gaap Earnings Per Share Basic
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CY2014Q1 us-gaap Earnings Per Share Basic
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CY2014Q2 us-gaap Earnings Per Share Basic
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1.18
CY2014Q3 us-gaap Earnings Per Share Basic
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1.09
CY2014Q4 us-gaap Earnings Per Share Basic
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0.41
CY2014 us-gaap Earnings Per Share Basic
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3.73
CY2015Q1 us-gaap Earnings Per Share Basic
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1.31
CY2015Q2 us-gaap Earnings Per Share Basic
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1.53
CY2015Q3 us-gaap Earnings Per Share Basic
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1.97
CY2015Q4 us-gaap Earnings Per Share Basic
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1.65
CY2015 us-gaap Earnings Per Share Basic
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6.43
CY2013 us-gaap Earnings Per Share Diluted
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3.51
CY2014Q1 us-gaap Earnings Per Share Diluted
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1.02
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1.18
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EarningsPerShareDiluted
1.08
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.71
CY2015Q1 us-gaap Earnings Per Share Diluted
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1.30
CY2015Q2 us-gaap Earnings Per Share Diluted
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1.52
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.96
CY2015Q4 us-gaap Earnings Per Share Diluted
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1.64
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.41
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.388
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.388
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.007
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.001
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.010
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.035
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.032
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.029
CY2014Q4 us-gaap Employee Related Liabilities Current
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25300000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
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26100000 USD
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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10300000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3500000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3500000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3800000 USD
CY2015Q2 us-gaap Gross Profit
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271300000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2300000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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3500000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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4600000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2300000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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3500000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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4600000 USD
CY2014Q4 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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-19500000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
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-3100000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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-1200000 USD
CY2013Q4 us-gaap Goodwill
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54500000 USD
CY2015Q3 us-gaap Gross Profit
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272700000 USD
CY2015Q4 us-gaap Gross Profit
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260400000 USD
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-1200000 USD
CY2014Q4 us-gaap Goodwill
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104000000 USD
CY2015Q4 us-gaap Goodwill
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130200000 USD
CY2013 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2014 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2015 us-gaap Gain Loss On Sale Of Business
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34900000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
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-6800000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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-31900000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014 us-gaap Goodwill Acquired During Period
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49500000 USD
CY2015 us-gaap Goodwill Acquired During Period
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28300000 USD
CY2013Q4 us-gaap Goodwill Gross
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592200000 USD
CY2014Q4 us-gaap Goodwill Gross
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641700000 USD
CY2015Q4 us-gaap Goodwill Gross
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667900000 USD
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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537700000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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537700000 USD
CY2015Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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537700000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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2100000 USD
CY2013 us-gaap Gross Profit
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876000000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
230100000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
247900000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
244600000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
244600000 USD
CY2014 us-gaap Gross Profit
GrossProfit
967200000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
256400000 USD
CY2015 us-gaap Gross Profit
GrossProfit
1060800000 USD
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
101100000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
112000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
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169400000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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165300000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
183000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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273400000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.29
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.75
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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6.44
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.25
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.72
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.42
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
8000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-400000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-200000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.26
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.26
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64200000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104000000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
57900000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
64100000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
95700000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1100000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1200000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
300000 USD
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1600000 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
400000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
0 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5800000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5800000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8000000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
60100000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
55800000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
73200000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2600000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
37700000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14900000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11200000 USD
CY2013 us-gaap Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
11500000 USD
CY2014 us-gaap Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
14700000 USD
CY2015 us-gaap Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
20100000 USD
CY2013 us-gaap Increase Decrease In Inventories
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46100000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-10600000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-50100000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
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88500000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
110700000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
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118400000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3100000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-200000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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-4200000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
200000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
200000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
100000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0 shares
CY2014Q4 us-gaap Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
48600000 USD
CY2015Q4 us-gaap Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
48500000 USD
CY2014 us-gaap Interest Paid
InterestPaid
52500000 USD
CY2015 us-gaap Interest Paid
InterestPaid
60600000 USD
CY2014Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4600000 USD
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4800000 USD
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1300000 USD
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
800000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2013 us-gaap Interest Expense Other
InterestExpenseOther
39000000 USD
CY2014 us-gaap Interest Expense Other
InterestExpenseOther
38900000 USD
CY2015 us-gaap Interest Expense Other
InterestExpenseOther
44000000 USD
CY2013 us-gaap Interest Paid
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52400000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
886000000 USD
CY2015Q4 us-gaap Inventory Net
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917200000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
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6400000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6200000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
32900000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
30800000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
31300000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2182000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2305900000 USD
CY2014Q4 us-gaap Liabilities Current
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1039800000 USD
CY2015Q4 us-gaap Liabilities Current
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1007800000 USD
CY2014Q4 us-gaap Long Term Debt
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703800000 USD
CY2015Q4 us-gaap Long Term Debt
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964600000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
670000000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
940400000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
27400000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
13900000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
832400000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
33500000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
42800000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
18200000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
16800000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
16000000 USD
CY2014Q4 us-gaap Long Term Debt Fair Value
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725000000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
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980600000 USD
CY2014Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.045
CY2015Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.054
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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74000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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144100000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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-93600000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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-125500000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
50700000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
84200000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
155400000 USD
CY2013 us-gaap Net Income Loss
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109100000 USD
CY2014Q1 us-gaap Net Income Loss
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31400000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
35900000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
32500000 USD
CY2014Q4 us-gaap Net Income Loss
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11800000 USD
CY2014 us-gaap Net Income Loss
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111600000 USD
CY2015Q1 us-gaap Net Income Loss
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35900000 USD
CY2015Q2 us-gaap Net Income Loss
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41100000 USD
CY2015Q3 us-gaap Net Income Loss
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51100000 USD
CY2015Q4 us-gaap Net Income Loss
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41100000 USD
CY2015 us-gaap Net Income Loss
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169200000 USD
CY2013 us-gaap Nonoperating Income Expense
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CY2014 us-gaap Nonoperating Income Expense
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CY2015 us-gaap Nonoperating Income Expense
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CY2015Q4 us-gaap Number Of States In Which Entity Operates
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9 states
CY2013 us-gaap Operating Income Loss
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226100000 USD
CY2014 us-gaap Operating Income Loss
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268200000 USD
CY2015 us-gaap Operating Income Loss
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301600000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
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185900000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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29900000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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20500000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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24500000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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26100000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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28300000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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56600000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
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27300000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
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28200000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Noncurrent
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1800000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Noncurrent
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2300000 USD
CY2014Q4 us-gaap Other Assets Current
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107300000 USD
CY2015Q4 us-gaap Other Assets Current
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88400000 USD
CY2014Q4 us-gaap Other Assets Miscellaneous Current
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5600000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Current
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5600000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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12400000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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11400000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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1100000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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-1200000 USD
CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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-1100000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-2000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-1200000 USD
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-1100000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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312200000 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
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7000000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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8700000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2000000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
61800000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
152200000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
69400000 USD
CY2013 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
35700000 USD
CY2014 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
5000000 USD
CY2015 us-gaap Payments To Acquire Other Property Plant And Equipment
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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900000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-2900000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-3100000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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600000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-1700000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-2000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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300000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2014Q4 us-gaap Other Liabilities Noncurrent
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23400000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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29500000 USD
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CY2014 us-gaap Other Noncash Income Expense
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CY2015 us-gaap Other Noncash Income Expense
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CY2013 us-gaap Other Operating Income Expense Net
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CY2014 us-gaap Other Operating Income Expense Net
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CY2015 us-gaap Other Operating Income Expense Net
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200000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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34600000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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167700000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
51200000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58300000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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71700000 USD
CY2013 us-gaap Payments To Acquire Real Estate
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10700000 USD
CY2014 us-gaap Payments To Acquire Real Estate
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15900000 USD
CY2015 us-gaap Payments To Acquire Real Estate
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30300000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Taxes
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15400000 USD
CY2015Q4 us-gaap Prepaid Taxes
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3400000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses
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33900000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
105900000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
237200000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
473200000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
293100000 USD
CY2013 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
13500000 USD
CY2014 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
2500000 USD
CY2015 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
0 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
600000 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3600000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
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933700000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
978100000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
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741600000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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772800000 USD
CY2014Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
6400000 USD
CY2015Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
27600000 USD
CY2014Q4 us-gaap Receivables Net Current
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107000000 USD
CY2015Q4 us-gaap Receivables Net Current
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119500000 USD
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
151900000 USD
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
311000000 USD
CY2015 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11300000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
275100000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
444300000 USD
CY2013 us-gaap Revenues
Revenues
5334900000 USD
CY2014Q1 us-gaap Revenues
Revenues
1355700000 USD
CY2014Q2 us-gaap Revenues
Revenues
1503400000 USD
CY2014Q3 us-gaap Revenues
Revenues
1505600000 USD
CY2014Q4 us-gaap Revenues
Revenues
1503000000 USD
CY2014 us-gaap Revenues
Revenues
5867700000 USD
CY2015Q1 us-gaap Revenues
Revenues
1541800000 USD
CY2015Q2 us-gaap Revenues
Revenues
1689600000 USD
CY2015Q3 us-gaap Revenues
Revenues
1716400000 USD
CY2015Q4 us-gaap Revenues
Revenues
1640500000 USD
CY2015 us-gaap Revenues
Revenues
6588300000 USD
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
611600000 USD
CY2014 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
666600000 USD
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
740700000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
617800000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
671600000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
729900000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
9000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
8600000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
10000000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1200000 shares
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2500000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3500000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4600000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
444900000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
314500000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
402800000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
490600000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
444900000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
314500000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
11803711 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15696543 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
351700000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
663900000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
30000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
161400000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
304200000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
300000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
300000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31100000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30100000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26400000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30700000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29900000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26300000 shares
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business and Credit Concentration Risk</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject us to a concentration of credit risk, consist principally of cash deposits. We maintain cash balances at financial institutions with strong credit ratings. Generally, amounts invested with financial institutions are in excess of FDIC insurance limits.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have substantial debt service obligations. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, we had total debt of </font><font style="font-family:inherit;font-size:10pt;">$959.7 million</font><font style="font-family:inherit;font-size:10pt;">, excluding&#160;floor plan notes payable, the debt premium on the 6.0% Senior Subordinated Notes due 2024 (&#8220;6.0% Notes&#8221;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font><font style="font-family:inherit;font-size:10pt;">, and debt issuance costs. In addition, we and our subsidiaries have the ability to obtain additional debt from time to time to finance acquisitions, real property purchases, capital expenditures, share repurchases or for other purposes, although such borrowings are subject to the restrictions contained in the Restated Credit Agreement and the indenture governing our </font><font style="font-family:inherit;font-size:10pt;">6.0%</font><font style="font-family:inherit;font-size:10pt;"> Senior Subordinated Notes due 2024 (the &#8220;Indenture&#8221;). We will have substantial debt service obligations, consisting of required cash payments of principal and interest, for the foreseeable future. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are subject to operating and financial restrictions and covenants in certain of our leases and in our debt instruments, including the Restated Credit Agreement, the Indenture, and the credit agreements covering our mortgage obligations. These agreements contain restrictions on, among other things, our ability to incur additional indebtedness, to create liens or other encumbrances, and to make certain payments (including dividends and repurchases of our shares and investments). These agreements may also require us to maintain compliance with certain financial and other ratios. Our failure to comply with any of these covenants in the future would constitute a default under the relevant agreement, which would, depending on the relevant agreement, (i)&#160;entitle the creditors under such agreement to terminate our ability to borrow under the relevant agreement and accelerate our obligations to repay outstanding borrowings; (ii)&#160;require us to apply our available cash to repay these borrowings; (iii)&#160;entitle the creditors under such agreement to foreclose on the property securing the relevant indebtedness; and/or (iv)&#160;prevent us from making debt service payments on certain of our other indebtedness, any of which would have a material adverse effect on our business, financial condition or results of operations. In many cases, a default under one of our debt or mortgage, agreements could trigger cross-default provisions in one or more of our other debt or mortgages.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A number of our dealerships are located on properties that we lease. Each of the leases governing such properties has certain covenants with which we must comply. If we fail to comply with the covenants under our leases, the respective landlords could terminate the leases and seek damages from us.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Concentrations of credit risk with respect to contracts-in-transit and accounts receivable are limited primarily to automotive manufacturers and financial institutions. Credit risk arising from receivables from commercial customers is minimal due to the large number of customers comprising our customer base.</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A significant portion of our new vehicle sales are derived from a limited number of automotive manufacturers. For the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, manufacturers representing </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;"> or more of our revenues from new vehicle sales were as follows:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.70731707317073%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="84%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid 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style="font-family:inherit;font-size:10pt;">21</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Toyota Motor Sales, U.S.A., Inc. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Toyota and Lexus)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nissan North America, Inc. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Nissan and Infiniti)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ford Motor Company </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Ford and Lincoln)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BMW of North America, LLC </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(BMW and Mini)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mercedes-Benz USA, LLC (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Mercedes-Benz, Smart and Sprinter</font><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No other manufacturers individually accounted for more than </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;"> of our total new vehicle revenue for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2015 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-top:6px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are one of the largest automotive retailers in the United States, operating </font><font style="font-family:inherit;font-size:10pt;">99</font><font style="font-family:inherit;font-size:10pt;"> franchises (</font><font style="font-family:inherit;font-size:10pt;">81</font><font style="font-family:inherit;font-size:10pt;"> dealership locations) in </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> metropolitan markets within </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> states as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. We offer an extensive range of automotive products and services, including new and used vehicles; vehicle repair and maintenance services, including collision repair services, the sale of replacement parts, and the reconditioning of used vehicles; and financing, insurance and service contracts. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, we offered </font><font style="font-family:inherit;font-size:10pt;">28</font><font style="font-family:inherit;font-size:10pt;"> brands of new vehicles and </font><font style="font-family:inherit;font-size:10pt;">our new vehicle revenue brand mix consisted of </font><font style="font-family:inherit;font-size:10pt;">46%</font><font style="font-family:inherit;font-size:10pt;"> imports, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">36%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">18%</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">domestic brands. We also operated </font><font style="font-family:inherit;font-size:10pt;">25</font><font style="font-family:inherit;font-size:10pt;"> collision repair centers that serve customers in our local markets.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our retail network is made up of dealerships operating primarily under the following locally-branded dealership groups:</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; Coggin dealerships operating primarily in Jacksonville, Fort Pierce and Orlando, Florida;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; Courtesy dealerships operating in Tampa, Florida;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; Crown dealerships operating in North Carolina, South Carolina and Virginia;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; Nalley dealerships operating in metropolitan Atlanta, Georgia;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; McDavid dealerships operating in Austin, Dallas and Houston, Texas;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; North Point dealerships operating in the Little Rock, Arkansas area;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; Plaza dealerships operating in metropolitan St. Louis, Missouri; and</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8226; Gray-Daniels dealerships operating in the Jackson, Mississippi area.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> In addition, as of December 31, 2015 we own and operate three stand-alone used vehicle stores under the &#8220;Q auto&#8221; brand name in Florida.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our operating results are generally subject to changes in the economic environment as well as seasonal variations. Historically, we have generated more revenue and operating income in the second, third and fourth quarters than in the first quarter of the calendar year. Generally, the seasonal variations in our operations are caused by factors related to weather conditions, changes in manufacturer incentive programs, model changeovers and consumer buying patterns, among other things.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are one of the largest automotive retailers in the United States. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> we owned and operated </font><font style="font-family:inherit;font-size:10pt;">99</font><font style="font-family:inherit;font-size:10pt;"> new vehicle franchises (</font><font style="font-family:inherit;font-size:10pt;">81</font><font style="font-family:inherit;font-size:10pt;"> dealership locations), representing </font><font style="font-family:inherit;font-size:10pt;">28</font><font style="font-family:inherit;font-size:10pt;"> brands of automobiles and </font><font style="font-family:inherit;font-size:10pt;">25</font><font style="font-family:inherit;font-size:10pt;"> collision centers in </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> metropolitan markets within </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> states. Our stores offer an extensive range of automotive products and services, including new and used vehicles, repair and maintenance services, collision repair services, and finance and insurance products. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, our new vehicle revenue brand mix consisted of </font><font style="font-family:inherit;font-size:10pt;">46%</font><font style="font-family:inherit;font-size:10pt;"> imports, </font><font style="font-family:inherit;font-size:10pt;">36%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;">18%</font><font style="font-family:inherit;font-size:10pt;"> domestic brands. In addition, as of December 31, 2015 we owned and operated three stand-alone used vehicle stores under the &#8220;Q auto&#8221; brand name in Florida.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our operating results are generally subject to seasonal variations. Demand for new vehicles is generally highest during the second, third and fourth quarters of each year and, accordingly, we expect our revenues and operating results to generally be higher during these periods. We typically experience higher sales of luxury vehicles in the fourth quarter, which have higher average selling prices and gross profit per vehicle retailed. Revenues and operating results may be impacted significantly from quarter to quarter by changing economic conditions, vehicle manufacturer incentive programs, or adverse weather events.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the periods presented. Actual results could differ materially from these estimates. Estimates and assumptions are reviewed quarterly and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Significant estimates made in the accompanying consolidated financial statements include, but are not limited to, those relating to inventory valuation reserves, reserves for chargebacks against revenue recognized from the sale of finance and insurance products, certain assumptions related to intangible and long-lived assets, reserves for insurance programs, and reserves for certain legal or similar proceedings relating to our business operations.</font></div></div>

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