2015 Q4 Form 10-K Financial Statement

#000114498017000063 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $1.641B $1.716B $1.690B
YoY Change 9.15% 14.0% 12.39%
Cost Of Revenue $1.380B $1.444B $1.418B
YoY Change 9.67% 14.49% 12.97%
Gross Profit $260.4M $272.7M $271.3M
YoY Change 6.46% 11.49% 9.44%
Gross Profit Margin 15.87% 15.89% 16.06%
Selling, General & Admin $183.5M $188.8M $181.9M
YoY Change 10.08% 10.09% 7.51%
% of Gross Profit 70.47% 69.23% 67.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.500M $7.500M $7.200M
YoY Change 7.14% 11.94% 12.5%
% of Gross Profit 2.88% 2.75% 2.65%
Operating Expenses $190.7M $188.8M $181.9M
YoY Change 10.1% 10.09% 7.51%
Operating Profit $69.70M $76.60M $82.20M
YoY Change -2.38% 15.89% 13.85%
Interest Expense -$17.60M -$15.80M -$15.00M
YoY Change 23.08% 20.61% 13.64%
% of Operating Profit -25.25% -20.63% -18.25%
Other Income/Expense, Net $5.600M -$15.00M
YoY Change -142.75% 13.64%
Pretax Income $65.60M $82.20M $67.20M
YoY Change 236.41% 55.09% 13.9%
Income Tax $24.40M $31.00M $26.10M
% Of Pretax Income 37.2% 37.71% 38.84%
Net Earnings $41.10M $51.10M $41.10M
YoY Change 248.31% 57.23% 14.48%
Net Earnings / Revenue 2.51% 2.98% 2.43%
Basic Earnings Per Share $1.65 $1.97 $1.53
Diluted Earnings Per Share $1.64 $1.96 $1.52
COMMON SHARES
Basic Shares Outstanding 25.38M shares 25.90M shares 26.80M shares
Diluted Shares Outstanding 26.10M shares 27.00M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.800M $3.900M $1.900M
YoY Change -3.45% -64.86% -72.86%
Cash & Equivalents $2.800M $3.900M $1.900M
Short-Term Investments
Other Short-Term Assets $88.40M $96.10M $100.1M
YoY Change -17.61% 20.28% 25.75%
Inventory $917.2M $887.6M $928.5M
Prepaid Expenses $5.000M
Receivables $119.5M $103.8M $99.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.331B $1.282B $1.345B
YoY Change 4.38% 17.49% 19.7%
LONG-TERM ASSETS
Property, Plant & Equipment $772.8M $761.6M $765.2M
YoY Change 4.21% 8.78% 12.94%
Goodwill $130.2M $130.2M $131.2M
YoY Change 25.19% 110.34% 111.95%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.40M $69.60M $70.60M
YoY Change -8.06% 15.04% 16.69%
Total Long-Term Assets $962.9M $961.4M $967.0M
YoY Change 6.21% 15.23% 19.03%
TOTAL ASSETS
Total Short-Term Assets $1.331B $1.282B $1.345B
Total Long-Term Assets $962.9M $961.4M $967.0M
Total Assets $2.294B $2.243B $2.312B
YoY Change 5.14% 16.51% 19.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.50M $264.5M $269.1M
YoY Change 41.09% 22.06% 19.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $712.2M $837.9M $845.2M
YoY Change -7.12% 50.4% 38.4%
Long-Term Debt Due $13.90M $13.80M $12.70M
YoY Change -49.27% 2.22% 11.4%
Total Short-Term Liabilities $1.008B $1.147B $1.157B
YoY Change -3.08% 45.64% 36.36%
LONG-TERM LIABILITIES
Long-Term Debt $940.4M $747.9M $758.2M
YoY Change 40.36% 26.31% 41.06%
Other Long-Term Liabilities $29.50M $29.90M $25.10M
YoY Change 26.07% 34.68% 17.29%
Total Long-Term Liabilities $29.50M $29.90M $25.10M
YoY Change 26.07% 34.68% 17.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.008B $1.147B $1.157B
Total Long-Term Liabilities $29.50M $29.90M $25.10M
Total Liabilities $1.037B $1.177B $1.182B
YoY Change -2.44% 45.34% 35.89%
SHAREHOLDERS EQUITY
Retained Earnings $444.3M $403.2M $352.1M
YoY Change 61.5% 53.13% 52.56%
Common Stock $537.6M $535.3M $532.8M
YoY Change 2.79% 2.76% 2.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $663.9M $619.4M $515.1M
YoY Change 88.77% 138.69% 134.56%
Treasury Stock Shares 15.70M shares 15.12M shares 13.87M shares
Shareholders Equity $314.5M $314.5M $367.7M
YoY Change
Total Liabilities & Shareholders Equity $2.294B $2.243B $2.312B
YoY Change 5.14% 16.51% 19.42%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $41.10M $51.10M $41.10M
YoY Change 248.31% 57.23% 14.48%
Depreciation, Depletion And Amortization $7.500M $7.500M $7.200M
YoY Change 7.14% 11.94% 12.5%
Cash From Operating Activities $15.00M $55.80M $9.100M
YoY Change -120.16% -28.37% -65.13%
INVESTING ACTIVITIES
Capital Expenditures -$45.00M -$14.60M -$32.00M
YoY Change 148.62% -50.0% 75.82%
Acquisitions
YoY Change
Other Investing Activities $50.90M $54.30M -$65.10M
YoY Change -139.24% 276.3%
Cash From Investing Activities $5.900M $39.70M -$97.10M
YoY Change -103.99% -235.96% 173.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.00M -93.50M 88.80M
YoY Change -110.28% 109.64% 762.14%
NET CHANGE
Cash From Operating Activities 15.00M 55.80M 9.100M
Cash From Investing Activities 5.900M 39.70M -97.10M
Cash From Financing Activities -22.00M -93.50M 88.80M
Net Change In Cash -1.100M 2.000M 800.0K
YoY Change -86.59% -51.22% -11.11%
FREE CASH FLOW
Cash From Operating Activities $15.00M $55.80M $9.100M
Capital Expenditures -$45.00M -$14.60M -$32.00M
Free Cash Flow $60.00M $70.40M $41.10M
YoY Change -206.57% -34.27% -7.22%

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CY2015 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2016 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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3700000 USD
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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
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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12000000 USD
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34000000 USD
CY2015 us-gaap Advertising Expense
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40100000 USD
CY2016 us-gaap Advertising Expense
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CY2014 us-gaap Allocated Share Based Compensation Expense
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8600000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
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10000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
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12000000 USD
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1300000 USD
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1900000 USD
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2400000 USD
CY2015 us-gaap Amortization Of Financing Costs
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2500000 USD
CY2016 us-gaap Asset Impairment Charges
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3600000 USD
CY2015Q4 us-gaap Assets
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CY2016Q4 us-gaap Assets
Assets
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CY2016Q4 us-gaap Assets Current
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CY2015Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
27600000 USD
CY2016Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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16100000 USD
CY2015Q4 us-gaap Capital Lease Obligations
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3500000 USD
CY2016Q3 us-gaap Capital Lease Obligations
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3400000 USD
CY2016Q4 us-gaap Capital Lease Obligations
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3400000 USD
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5400000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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2900000 USD
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CashAndCashEquivalentsAtCarryingValue
2800000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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3400000 USD
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CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
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600000 USD
CY2015Q4 us-gaap Commitments And Contingencies
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CY2016Q4 us-gaap Commitments And Contingencies
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0.01
CY2016Q4 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
CY2016Q4 us-gaap Common Stock Shares Authorized
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90000000 shares
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40507313 shares
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400000 USD
CY2016Q4 us-gaap Common Stock Value
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400000 USD
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109900000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
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167200000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
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168600000 USD
CY2014 us-gaap Cost Of Revenue
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4900500000 USD
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CY2014 us-gaap Cost Of Services
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254400000 USD
CY2015 us-gaap Cost Of Services
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278100000 USD
CY2016 us-gaap Cost Of Services
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295200000 USD
CY2014 us-gaap Cost Of Services Depreciation And Amortization
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14000000 USD
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19000000 USD
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21500000 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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83800000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
54100000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
95100000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
94500000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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7000000 USD
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10200000 USD
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8400000 USD
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10700000 USD
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7600000 USD
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13800000 USD
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12200000 USD
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16900000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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8900000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
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6100000 USD
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35100000 USD
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43700000 USD
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5800000 USD
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5800000 USD
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1900000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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2100000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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1200000 USD
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33200000 USD
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34800000 USD
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9200000 USD
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8400000 USD
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4500000 USD
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5200000 USD
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4400000 USD
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4700000 USD
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14800000 USD
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16500000 USD
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1900000 USD
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8900000 USD
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1900000 USD
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8900000 USD
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1700000 USD
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1500000 USD
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1300000 USD
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2200000 USD
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2700000 USD
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0.04
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0.5
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26400000 USD
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29500000 USD
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30700000 USD
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26400000 USD
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29500000 USD
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30700000 USD
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45500000 USD
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8400000 USD
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1.52
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800000 USD
CY2016Q4 us-gaap Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
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900000 USD
CY2014 us-gaap Earnings Per Share Basic
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1.53
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1.97
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1.65
CY2015 us-gaap Earnings Per Share Basic
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6.43
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1.28
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1.66
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1.47
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3.11
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7.43
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3.71
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1.30
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1.52
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1.96
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1.64
CY2015 us-gaap Earnings Per Share Diluted
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6.41
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1.27
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1.65
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1.47
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3.08
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.40
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0.388
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0.380
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.376
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0.35
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0.35
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0.35
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0.007
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0.001
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0.001
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0.002
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0.000
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-0.001
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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
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26100000 USD
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24500000 USD
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12600000 USD
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3300000 USD
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3800000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4500000 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
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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200000 USD
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3500000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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4600000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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200000 USD
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-1200000 USD
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-1200000 USD
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-400000 USD
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21600000 USD
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28400000 USD
CY2016 us-gaap Gain Loss On Sale Of Business
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28400000 USD
CY2016Q4 us-gaap Gain Loss Related To Litigation Settlement
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4100000 USD
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-31900000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014Q4 us-gaap Goodwill
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104000000 USD
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130200000 USD
CY2016Q4 us-gaap Goodwill
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128100000 USD
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28300000 USD
us-gaap Goodwill 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
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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2100000 USD
CY2014 us-gaap Gross Profit
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967200000 USD
CY2015Q1 us-gaap Gross Profit
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256400000 USD
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271300000 USD
CY2015Q3 us-gaap Gross Profit
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272700000 USD
CY2015Q4 us-gaap Gross Profit
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260400000 USD
CY2015 us-gaap Gross Profit
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1060800000 USD
CY2016Q1 us-gaap Gross Profit
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260800000 USD
CY2016Q2 us-gaap Gross Profit
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267600000 USD
CY2016Q3 us-gaap Gross Profit
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265700000 USD
CY2016Q4 us-gaap Gross Profit
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264600000 USD
CY2016 us-gaap Gross Profit
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1058700000 USD
CY2014 us-gaap Impairment Of Real Estate
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0 USD
CY2015 us-gaap Impairment Of Real Estate
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0 USD
CY2016Q4 us-gaap Impairment Of Real Estate
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300000 USD
CY2016 us-gaap Impairment Of Real Estate
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0 USD
CY2014 us-gaap Income Loss From Continuing Operations
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112000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
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169400000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
167200000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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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
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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267800000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.75
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.44
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
7.43
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
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
7.40
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-400000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-200000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
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
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
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
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-0.01
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 us-gaap Income Tax Expense Benefit
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71000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100600000 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
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
93700000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1200000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
300000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
200000 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
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-300000 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
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7800000 USD
CY2014 us-gaap Income Taxes Paid Net
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55800000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
73200000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
79600000 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
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37700000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
31400000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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14000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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11200000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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19500000 USD
CY2014 us-gaap Increase Decrease In Contract Receivables Net
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14700000 USD
CY2015 us-gaap Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
20100000 USD
CY2016 us-gaap Increase Decrease In Contract Receivables Net
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6900000 USD
CY2014 us-gaap Increase Decrease In Inventories
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-10600000 USD
CY2015 us-gaap Increase Decrease In Inventories
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-50100000 USD
CY2016 us-gaap Increase Decrease In Inventories
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-105300000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
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110700000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
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118400000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
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152200000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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-200000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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-4200000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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-1900000 USD
CY2016Q4 us-gaap Increase In Unrecognized Tax Benefits Is Reasonably Possible
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800000 USD
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
CY2016 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 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
CY2016 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0 shares
CY2015Q4 us-gaap Indefinite Lived Franchise Rights
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48500000 USD
CY2016Q4 us-gaap Indefinite Lived Franchise Rights
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48500000 USD
CY2014 us-gaap Interest Costs Capitalized
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800000 USD
CY2015 us-gaap Interest Costs Capitalized
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200000 USD
CY2016 us-gaap Interest Costs Capitalized
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1100000 USD
CY2014 us-gaap Interest Expense Other
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38900000 USD
CY2015 us-gaap Interest Expense Other
InterestExpenseOther
44000000 USD
CY2016 us-gaap Interest Expense Other
InterestExpenseOther
53100000 USD
CY2014 us-gaap Interest Paid
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52500000 USD
CY2015 us-gaap Interest Paid
InterestPaid
60600000 USD
CY2016 us-gaap Interest Paid
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73800000 USD
CY2015Q4 us-gaap Interest Payable Current
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4800000 USD
CY2016Q4 us-gaap Interest Payable Current
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4900000 USD
CY2015Q4 us-gaap Inventory Net
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917200000 USD
CY2016Q4 us-gaap Inventory Net
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894900000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
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6200000 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
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6500000 USD
CY2014 us-gaap Lease And Rental Expense
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30800000 USD
CY2015 us-gaap Lease And Rental Expense
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31300000 USD
CY2016 us-gaap Lease And Rental Expense
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29900000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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2294100000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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2336100000 USD
CY2015Q4 us-gaap Liabilities Current
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1007800000 USD
CY2016Q4 us-gaap Liabilities Current
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1104900000 USD
CY2015Q4 us-gaap Long Term Debt
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CY2016Q4 us-gaap Long Term Debt
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CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
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940400000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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912700000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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13900000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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14000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
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810500000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
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15100000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
32100000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
41400000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
16800000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
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15400000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
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980600000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
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953000000 USD
CY2015Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.054
CY2016Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.054
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144100000 USD
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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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
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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4900000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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84200000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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155400000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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142300000 USD
CY2014 us-gaap Net Income Loss
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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
CY2016Q1 us-gaap Net Income Loss
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31000000 USD
CY2016Q2 us-gaap Net Income Loss
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36700000 USD
CY2016Q3 us-gaap Net Income Loss
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32400000 USD
CY2016Q4 us-gaap Net Income Loss
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67100000 USD
CY2016 us-gaap Net Income Loss
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167200000 USD
CY2014 us-gaap Nonoperating Income Expense
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CY2015 us-gaap Nonoperating Income Expense
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CY2016 us-gaap Nonoperating Income Expense
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CY2016Q4 us-gaap Number Of States In Which Entity Operates
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8 states
CY2016Q4 us-gaap Number Of Stores
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2 store
CY2014 us-gaap Operating Income Loss
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268200000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
301600000 USD
CY2016 us-gaap Operating Income Loss
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297800000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
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152400000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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27700000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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21400000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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23900000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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25900000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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35200000 USD
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24200000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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25300000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Noncurrent
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2300000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Noncurrent
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2600000 USD
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88400000 USD
CY2016Q4 us-gaap Other Assets Current
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97000000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Current
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1500000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
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6300000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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11400000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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11700000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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CY2016 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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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
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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2300000 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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CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1400000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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1200000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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1100000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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900000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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29500000 USD
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29900000 USD
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CY2015 us-gaap Other Noncash Income Expense
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CY2016 us-gaap Other Noncash Income Expense
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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
CY2016 us-gaap Other Operating Income Expense Net
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2300000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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167700000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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312200000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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215600000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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8700000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
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2000000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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2800000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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152200000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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69400000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014 us-gaap Payments To Acquire Other Property Plant And Equipment
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5000000 USD
CY2015 us-gaap Payments To Acquire Other Property Plant And Equipment
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0 USD
CY2016 us-gaap Payments To Acquire Other Property Plant And Equipment
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19600000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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58300000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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71700000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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81400000 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
CY2016 us-gaap Payments To Acquire Real Estate
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10600000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current
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5000000 USD
CY2016Q4 us-gaap Prepaid Expense Current
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4500000 USD
CY2015Q4 us-gaap Prepaid Taxes
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3400000 USD
CY2016Q4 us-gaap Prepaid Taxes
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4000000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
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105900000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
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114300000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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473200000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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293100000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2014 us-gaap Proceeds From Sale And Collection Of Receivables
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2500000 USD
CY2015 us-gaap Proceeds From Sale And Collection Of Receivables
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0 USD
CY2016 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
0 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
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600000 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3600000 USD
CY2016 us-gaap Proceeds From Sale Of Productive Assets
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2200000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
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100000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
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978100000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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1026200000 USD
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772800000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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815400000 USD
CY2015Q4 us-gaap Receivables Net Current
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119500000 USD
CY2016Q4 us-gaap Receivables Net Current
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138400000 USD
CY2014 us-gaap Repayments Of Secured Debt
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311000000 USD
CY2015 us-gaap Repayments Of Secured Debt
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11300000 USD
CY2016 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
15200000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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444300000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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611500000 USD
CY2014 us-gaap Revenues
Revenues
5867700000 USD
CY2015Q1 us-gaap Revenues
Revenues
1541800000 USD
CY2015Q2 us-gaap Revenues
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1689600000 USD
CY2015Q3 us-gaap Revenues
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1716400000 USD
CY2015Q4 us-gaap Revenues
Revenues
1640500000 USD
CY2015 us-gaap Revenues
Revenues
6588300000 USD
CY2016Q1 us-gaap Revenues
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1550800000 USD
CY2016Q2 us-gaap Revenues
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1627400000 USD
CY2016Q3 us-gaap Revenues
Revenues
1683100000 USD
CY2016Q4 us-gaap Revenues
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1666500000 USD
CY2016 us-gaap Revenues
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6527800000 USD
CY2014 us-gaap Sales Revenue Services Net
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666600000 USD
CY2015 us-gaap Sales Revenue Services Net
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740700000 USD
CY2016 us-gaap Sales Revenue Services Net
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778500000 USD
CY2014 us-gaap Selling General And Administrative Expense
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671600000 USD
CY2015 us-gaap Selling General And Administrative Expense
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729900000 USD
CY2016 us-gaap Selling General And Administrative Expense
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732500000 USD
CY2014 us-gaap Share Based Compensation
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8600000 USD
CY2015 us-gaap Share Based Compensation
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10000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
12000000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1000000 shares
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
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
200000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
314500000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
279700000 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
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
279700000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15696543 shares
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TreasuryStockShares
19497596 shares
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TreasuryStockValue
663900000 USD
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TreasuryStockValue
879500000 USD
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TreasuryStockValueAcquiredCostMethod
161400000 USD
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TreasuryStockValueAcquiredCostMethod
304200000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
211900000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
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UnrecognizedTaxBenefits
800000 USD
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300000 USD
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30100000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
26400000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
22600000 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
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22500000 shares
CY2016 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 maintained with these 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, 2016</font><font style="font-family:inherit;font-size:10pt;">, we had total debt of </font><font style="font-family:inherit;font-size:10pt;">$931.3 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 ("6.0% Notes"</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 second amended and restated senior secured credit agreement with Bank of America, N.A. ("Bank of America"), as administrative agent, and the other lenders party thereto (the "2016 Senior Credit Facility") 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 "Indenture"). 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 2016 Senior Credit Facility, 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, 2016</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:96.97560975609755%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Manufacturer (Vehicle Brands):</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 colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">%&#160;of&#160;Total</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New&#160;Vehicle</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues</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;">American Honda Motor Co., Inc. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Honda and Acura)</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;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font 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;border-top:1px solid #000000;" 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;">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;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;">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;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;">14</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;">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;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;">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;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;">7</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, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;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, 2016</font><font style="font-family:inherit;font-size:10pt;"> we owned and operated </font><font style="font-family:inherit;font-size:10pt;">93</font><font style="font-family:inherit;font-size:10pt;"> new vehicle franchises (</font><font style="font-family:inherit;font-size:10pt;">77</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;">23</font><font style="font-family:inherit;font-size:10pt;"> collision centers, in </font><font style="font-family:inherit;font-size:10pt;">16</font><font style="font-family:inherit;font-size:10pt;"> metropolitan markets, within </font><font style="font-family:inherit;font-size:10pt;">eight</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, 2016</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;">45%</font><font style="font-family:inherit;font-size:10pt;"> imports, </font><font style="font-family:inherit;font-size:10pt;">34%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;">21%</font><font style="font-family:inherit;font-size:10pt;"> domestic brands. In addition, as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> we owned and operated </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> stand-alone used vehicle stores 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 and third quarters of each year and, accordingly, we expect our revenues 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>
CY2016 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, reserves for insurance programs, certain assumptions related to intangible and long-lived assets, and reserves for certain legal or similar proceedings relating to our business operations.</font></div></div>

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