2016 Q4 Form 10-K Financial Statement

#000114498018000053 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $1.667B $1.683B $1.627B
YoY Change 1.58% -1.94% -3.68%
Cost Of Revenue $1.402B $1.417B $1.360B
YoY Change 1.58% -1.82% -4.12%
Gross Profit $264.6M $265.7M $267.6M
YoY Change 1.61% -2.57% -1.36%
Gross Profit Margin 15.88% 15.79% 16.44%
Selling, General & Admin $183.3M $185.7M $182.3M
YoY Change -0.11% -1.64% 0.22%
% of Gross Profit 69.27% 69.89% 68.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.700M $7.800M $7.700M
YoY Change 2.67% 4.0% 6.94%
% of Gross Profit 2.91% 2.94% 2.88%
Operating Expenses $184.5M $185.7M $182.3M
YoY Change -3.25% -1.64% 0.22%
Operating Profit $80.10M $70.70M $78.10M
YoY Change 14.92% -7.7% -4.99%
Interest Expense -$18.70M -$19.00M -$19.20M
YoY Change 6.25% 20.25% 28.0%
% of Operating Profit -23.35% -26.87% -24.58%
Other Income/Expense, Net -$19.00M -$19.20M
YoY Change -439.29% 28.0%
Pretax Income $106.9M $51.70M $58.90M
YoY Change 62.96% -37.1% -12.35%
Income Tax $39.80M $19.30M $22.30M
% Of Pretax Income 37.23% 37.33% 37.86%
Net Earnings $67.10M $32.40M $36.70M
YoY Change 63.26% -36.59% -10.71%
Net Earnings / Revenue 4.03% 1.93% 2.26%
Basic Earnings Per Share $3.11 $1.47 $1.66
Diluted Earnings Per Share $3.08 $1.47 $1.65
COMMON SHARES
Basic Shares Outstanding 22.16M shares 22.00M shares 22.10M shares
Diluted Shares Outstanding 22.10M shares 22.20M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.400M $3.700M $1.800M
YoY Change 21.43% -5.13% -5.26%
Cash & Equivalents $3.400M $3.700M $1.800M
Short-Term Investments
Other Short-Term Assets $97.00M $93.70M $97.20M
YoY Change 9.73% -2.5% -2.9%
Inventory $894.9M $892.4M $989.5M
Prepaid Expenses $4.500M
Receivables $138.4M $111.9M $109.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.332B $1.337B $1.380B
YoY Change 0.09% 4.3% 2.58%
LONG-TERM ASSETS
Property, Plant & Equipment $815.4M $800.3M $803.5M
YoY Change 5.51% 5.08% 5.01%
Goodwill $128.1M $128.0M $130.2M
YoY Change -1.61% -1.69% -0.76%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.70M $12.60M $10.40M
YoY Change 2.63% -81.9% -85.27%
Total Long-Term Assets $1.004B $989.4M $992.6M
YoY Change 4.24% 2.91% 2.65%
TOTAL ASSETS
Total Short-Term Assets $1.332B $1.337B $1.380B
Total Long-Term Assets $1.004B $989.4M $992.6M
Total Assets $2.336B $2.327B $2.372B
YoY Change 1.83% 3.7% 2.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.90M $271.1M $270.8M
YoY Change -4.21% 2.5% 0.63%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $781.8M $769.5M $883.6M
YoY Change 9.77% -8.16% 4.54%
Long-Term Debt Due $14.00M $13.90M $14.60M
YoY Change 0.72% 0.72% 14.96%
Total Short-Term Liabilities $1.105B $1.100B $1.174B
YoY Change 9.63% -4.08% 1.5%
LONG-TERM LIABILITIES
Long-Term Debt $912.7M $916.3M $927.9M
YoY Change -2.95% 22.52% 22.38%
Other Long-Term Liabilities $29.90M $36.10M $37.00M
YoY Change 1.36% 20.74% 47.41%
Total Long-Term Liabilities $29.90M $36.10M $37.00M
YoY Change 1.36% 20.74% 47.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.105B $1.100B $1.174B
Total Long-Term Liabilities $29.90M $36.10M $37.00M
Total Liabilities $1.135B $1.136B $1.211B
YoY Change 9.4% -3.45% 2.47%
SHAREHOLDERS EQUITY
Retained Earnings $611.5M $544.4M $512.0M
YoY Change 37.63% 35.02% 45.41%
Common Stock $549.8M $547.0M $543.9M
YoY Change 2.27% 2.19% 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $879.5M $829.4M $829.3M
YoY Change 32.47% 33.9% 61.0%
Treasury Stock Shares 19.50M shares 18.59M shares 18.59M shares
Shareholders Equity $279.7M $255.6M $219.6M
YoY Change
Total Liabilities & Shareholders Equity $2.336B $2.327B $2.372B
YoY Change 1.83% 3.7% 2.61%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $67.10M $32.40M $36.70M
YoY Change 63.26% -36.59% -10.71%
Depreciation, Depletion And Amortization $7.700M $7.800M $7.700M
YoY Change 2.67% 4.0% 6.94%
Cash From Operating Activities -$8.800M $81.50M $24.40M
YoY Change -158.67% 46.06% 168.13%
INVESTING ACTIVITIES
Capital Expenditures -$34.10M -$25.70M -$34.80M
YoY Change -24.22% 76.03% 8.75%
Acquisitions
YoY Change
Other Investing Activities $116.5M $0.00 $0.00
YoY Change 128.88% -100.0% -100.0%
Cash From Investing Activities $82.40M -$25.70M -$34.80M
YoY Change 1296.61% -164.74% -64.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.90M -53.90M 7.800M
YoY Change 235.91% -42.35% -91.22%
NET CHANGE
Cash From Operating Activities -8.800M 81.50M 24.40M
Cash From Investing Activities 82.40M -25.70M -34.80M
Cash From Financing Activities -73.90M -53.90M 7.800M
Net Change In Cash -300.0K 1.900M -2.600M
YoY Change -72.73% -5.0% -425.0%
FREE CASH FLOW
Cash From Operating Activities -$8.800M $81.50M $24.40M
Capital Expenditures -$34.10M -$25.70M -$34.80M
Free Cash Flow $25.30M $107.2M $59.20M
YoY Change -57.83% 52.27% 44.04%

Facts In Submission

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CY2015 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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4600000 USD
CY2016 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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200000 USD
CY2017 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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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
CY2017 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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4800000 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
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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13600000 USD
CY2015 us-gaap Advertising Expense
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40100000 USD
CY2016 us-gaap Advertising Expense
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34000000 USD
CY2017 us-gaap Advertising Expense
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30300000 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
CY2017 us-gaap Allocated Share Based Compensation Expense
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13600000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1900000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1600000 USD
CY2015 us-gaap Amortization Of Financing Costs
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2500000 USD
CY2016 us-gaap Amortization Of Financing Costs
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2600000 USD
CY2017 us-gaap Amortization Of Financing Costs
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3200000 USD
CY2015 us-gaap Asset Impairment Charges
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0 USD
CY2016 us-gaap Asset Impairment Charges
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3600000 USD
CY2017 us-gaap Asset Impairment Charges
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0 USD
CY2016Q4 us-gaap Assets
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2336100000 USD
CY2017Q4 us-gaap Assets
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CY2017Q4 us-gaap Assets Current
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1302100000 USD
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16100000 USD
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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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30300000 USD
CY2016Q4 us-gaap Capital Lease Obligations
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3400000 USD
CY2017Q4 us-gaap Capital Lease Obligations
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3200000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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3400000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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4700000 USD
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CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
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600000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
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1300000 USD
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USD
CY2017Q4 us-gaap Commitments And Contingencies
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0.01
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
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90000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
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90000000 shares
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40750765 shares
CY2017Q4 us-gaap Common Stock Shares Issued
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40969987 shares
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400000 USD
CY2017Q4 us-gaap Common Stock Value
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400000 USD
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167200000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
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168600000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
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140300000 USD
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5527500000 USD
CY2016 us-gaap Cost Of Revenue
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5469100000 USD
CY2017 us-gaap Cost Of Revenue
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5400600000 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
CY2017 us-gaap Cost Of Services
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296300000 USD
CY2015 us-gaap Cost Of Services Depreciation And Amortization
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19000000 USD
CY2016 us-gaap Cost Of Services Depreciation And Amortization
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21500000 USD
CY2017 us-gaap Cost Of Services Depreciation And Amortization
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22400000 USD
CY2017 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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200000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
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84900000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
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83800000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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59100000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
95100000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
94500000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
67400000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10200000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10700000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
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8300000 USD
CY2016Q4 us-gaap Debt Instrument Unamortized Premium
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7600000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Premium
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6800000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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6800000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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4900000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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1200000 USD
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12200000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
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10600000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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8900000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6100000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2600000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
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43700000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
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36400000 USD
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8900000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities Net
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12500000 USD
CY2016Q4 us-gaap Deferred Rent Credit Noncurrent
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5800000 USD
CY2017Q4 us-gaap Deferred Rent Credit Noncurrent
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5000000 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
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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1400000 USD
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34800000 USD
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23900000 USD
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8400000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
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5500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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5200000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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3900000 USD
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4700000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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3400000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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16500000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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11100000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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8900000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
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12500000 USD
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1500000 USD
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900000 USD
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2200000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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2700000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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3000000 USD
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.04
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.5
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18000 USD
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.75
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29500000 USD
CY2016 us-gaap Depreciation And Amortization
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30700000 USD
CY2017 us-gaap Depreciation And Amortization
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32100000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29500000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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30700000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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32100000 USD
CY2015 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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34900000 USD
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45500000 USD
CY2017 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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0 USD
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1.53
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-0.05
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1.52
CY2017Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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0.03
CY2017Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
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0.06
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0.22
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900000 USD
CY2017Q4 us-gaap Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
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7900000 USD
CY2015 us-gaap Earnings Per Share Basic
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6.43
CY2016Q1 us-gaap Earnings Per Share Basic
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1.28
CY2016Q2 us-gaap Earnings Per Share Basic
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1.66
CY2016Q3 us-gaap Earnings Per Share Basic
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1.47
CY2016Q4 us-gaap Earnings Per Share Basic
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3.11
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.43
CY2017Q1 us-gaap Earnings Per Share Basic
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1.62
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
CY2017Q3 us-gaap Earnings Per Share Basic
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1.49
CY2017Q4 us-gaap Earnings Per Share Basic
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2.06
CY2017 us-gaap Earnings Per Share Basic
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6.69
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6.41
CY2016Q1 us-gaap Earnings Per Share Diluted
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1.27
CY2016Q2 us-gaap Earnings Per Share Diluted
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1.65
CY2016Q3 us-gaap Earnings Per Share Diluted
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1.47
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.08
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.40
CY2017Q1 us-gaap Earnings Per Share Diluted
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1.61
CY2017Q2 us-gaap Earnings Per Share Diluted
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1.52
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.62
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.380
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.376
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.335
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.001
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.001
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.029
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2016Q4 us-gaap Employee Related Liabilities Current
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24500000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
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24900000 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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10100000 USD
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y1M24D
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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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
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4500000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
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-1200000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
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-400000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
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-2100000 USD
CY2017Q2 us-gaap Gain Loss On Investments
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500000 USD
CY2015 us-gaap Gain Loss On Sale Of Business
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21600000 USD
CY2016Q4 us-gaap Gain Loss On Sale Of Business
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28400000 USD
CY2016 us-gaap Gain Loss On Sale Of Business
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28400000 USD
CY2017 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2016Q4 us-gaap Gain Loss Related To Litigation Settlement
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4100000 USD
CY2017Q1 us-gaap Gain Loss Related To Litigation Settlement
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600000 USD
CY2015Q4 us-gaap Goodwill
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130200000 USD
CY2016Q4 us-gaap Goodwill
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128100000 USD
CY2017Q4 us-gaap Goodwill
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160800000 USD
CY2017 us-gaap Goodwill Acquired During Period
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32700000 USD
us-gaap Goodwill Impairment Loss
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537700000 USD
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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2100000 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
GrossProfit
265700000 USD
CY2016Q4 us-gaap Gross Profit
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264600000 USD
CY2016 us-gaap Gross Profit
GrossProfit
1058700000 USD
CY2017Q1 us-gaap Gross Profit
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260100000 USD
CY2017Q2 us-gaap Gross Profit
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267100000 USD
CY2017Q3 us-gaap Gross Profit
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260300000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
268400000 USD
CY2017 us-gaap Gross Profit
GrossProfit
1055900000 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
5100000 USD
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2016 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2017Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
3200000 USD
CY2017 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
5100000 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
CY2017Q2 us-gaap Impairment Of Real Estate
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1800000 USD
CY2017 us-gaap Impairment Of Real Estate
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0 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
169400000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
167200000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
139100000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
273400000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
267800000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
209100000 USD
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
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.69
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
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.62
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
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0 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
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
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0.00
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2015 us-gaap Income Tax Expense Benefit
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104000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100600000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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95700000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
93700000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
73200000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
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300000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
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200000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
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-300000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
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0 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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8000000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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7800000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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6400000 USD
CY2015 us-gaap Income Taxes Paid Net
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73200000 USD
CY2016 us-gaap Income Taxes Paid Net
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79600000 USD
CY2017 us-gaap Income Taxes Paid Net
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102700000 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
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31400000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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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
CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2015 us-gaap Increase Decrease In Contract Receivables Net
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20100000 USD
CY2016 us-gaap Increase Decrease In Contract Receivables Net
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6900000 USD
CY2017 us-gaap Increase Decrease In Contract Receivables Net
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10700000 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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CY2017 us-gaap Increase Decrease In Inventories
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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
CY2017 us-gaap Increase Decrease In Other Operating Assets
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197200000 USD
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CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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200000 USD
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
CY2017 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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100000 shares
CY2016Q4 us-gaap Indefinite Lived Franchise Rights
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48500000 USD
CY2017Q4 us-gaap Indefinite Lived Franchise Rights
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49600000 USD
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200000 USD
CY2016 us-gaap Interest Costs Capitalized
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1100000 USD
CY2017 us-gaap Interest Costs Capitalized
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200000 USD
CY2015 us-gaap Interest Expense Other
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44000000 USD
CY2016 us-gaap Interest Expense Other
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53100000 USD
CY2017 us-gaap Interest Expense Other
InterestExpenseOther
53900000 USD
CY2015 us-gaap Interest Paid
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60600000 USD
CY2016 us-gaap Interest Paid
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73800000 USD
CY2017 us-gaap Interest Paid
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76000000 USD
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4900000 USD
CY2017Q4 us-gaap Interest Payable Current
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5100000 USD
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CY2017Q4 us-gaap Inventory Net
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826000000 USD
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6500000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
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5700000 USD
CY2015 us-gaap Lease And Rental Expense
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31300000 USD
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29900000 USD
CY2017 us-gaap Lease And Rental Expense
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26700000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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2336100000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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2356700000 USD
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1104900000 USD
CY2017Q4 us-gaap Liabilities Current
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862600000 USD
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14000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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12900000 USD
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751200000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
28600000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
13700000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
30500000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
39900000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
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15400000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
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953000000 USD
CY2017Q4 us-gaap Long Term Debt Fair Value
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900800000 USD
CY2016Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.054
CY2017Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.054
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing 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
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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160000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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266300000 USD
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169200000 USD
CY2016Q1 us-gaap Net Income Loss
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31000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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142500000 USD
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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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CY2017Q1 us-gaap Net Income Loss
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34000000 USD
CY2017Q2 us-gaap Net Income Loss
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31900000 USD
CY2017Q3 us-gaap Net Income Loss
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30700000 USD
CY2017Q4 us-gaap Net Income Loss
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42500000 USD
CY2017 us-gaap Net Income Loss
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139100000 USD
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CY2017 us-gaap Nonoperating Income Expense
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CY2017 us-gaap Number Of Reportable Segments
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CY2017Q4 us-gaap Number Of States In Which Entity Operates
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9 states
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301600000 USD
CY2016 us-gaap Operating Income Loss
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297800000 USD
CY2017 us-gaap Operating Income Loss
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287700000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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14000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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19100000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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22100000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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22800000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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22000000 USD
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25300000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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27200000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Noncurrent
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2600000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
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3100000 USD
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97000000 USD
CY2017Q4 us-gaap Other Assets Current
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119300000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
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6300000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Current
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9200000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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11700000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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10000000 USD
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
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
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700000 USD
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2300000 USD
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1900000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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29900000 USD
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29200000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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80100000 USD
CY2015 us-gaap Payments To Acquire Other Property Plant And Equipment
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0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1400000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of 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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CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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700000 USD
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CY2017 us-gaap Other Noncash Income Expense
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200000 USD
CY2016 us-gaap Other Operating Income Expense Net
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2300000 USD
CY2017 us-gaap Other Operating Income Expense Net
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CY2015 us-gaap Payments For Repurchase Of Common Stock
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215600000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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39600000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
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2000000 USD
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2800000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
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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
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0 USD
CY2016 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
19600000 USD
CY2017 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
5400000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
71700000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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81400000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42300000 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
CY2017 us-gaap Payments To Acquire Real Estate
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5800000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2016Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
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4500000 USD
CY2017Q4 us-gaap Prepaid Expense Current
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5200000 USD
CY2016Q4 us-gaap Prepaid Taxes
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4000000 USD
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19500000 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
CY2017 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 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
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
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3600000 USD
CY2016 us-gaap Proceeds From Sale Of Productive Assets
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2200000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
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5800000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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1026200000 USD
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1072500000 USD
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815400000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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834200000 USD
CY2016Q4 us-gaap Real Estate Heldforsale
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16100000 USD
CY2017Q4 us-gaap Real Estate Heldforsale
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30300000 USD
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138400000 USD
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128500000 USD
CY2015 us-gaap Repayments Of Secured Debt
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11300000 USD
CY2016 us-gaap Repayments Of Secured Debt
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15200000 USD
CY2017 us-gaap Repayments Of Secured Debt
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52000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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611500000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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750300000 USD
CY2015 us-gaap Revenues
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6588300000 USD
CY2016Q1 us-gaap Revenues
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1550800000 USD
CY2016Q2 us-gaap Revenues
Revenues
1627400000 USD
CY2016Q3 us-gaap Revenues
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1683100000 USD
CY2016Q4 us-gaap Revenues
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1666500000 USD
CY2016 us-gaap Revenues
Revenues
6527800000 USD
CY2017Q1 us-gaap Revenues
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1551700000 USD
CY2017Q2 us-gaap Revenues
Revenues
1631800000 USD
CY2017Q3 us-gaap Revenues
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1602100000 USD
CY2017Q4 us-gaap Revenues
Revenues
1670900000 USD
CY2017 us-gaap Revenues
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6456500000 USD
CY2015 us-gaap Sales Revenue Services Net
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740700000 USD
CY2016 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
778500000 USD
CY2017 us-gaap Sales Revenue Services Net
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786100000 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
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
729700000 USD
CY2015 us-gaap Share Based Compensation
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10000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
12000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
13600000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
900000 shares
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
200000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4600000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2016Q4 us-gaap Stockholders Equity
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279700000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
394200000 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
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
394200000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
19497596 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
20156962 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
879500000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
919100000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
304200000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
211900000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
34800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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800000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26400000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22600000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21000000 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
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20800000 shares
CY2017 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, 2017</font><font style="font-family:inherit;font-size:10pt;">, we had total debt of </font><font style="font-family:inherit;font-size:10pt;">$879.3 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, 2017</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;">22</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;">18</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;">12</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;">6</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, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2017 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, 2017</font><font style="font-family:inherit;font-size:10pt;"> we owned and operated </font><font style="font-family:inherit;font-size:10pt;">94</font><font style="font-family:inherit;font-size:10pt;"> new vehicle franchises (</font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> dealership locations), representing </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;"> brands of automobiles, and </font><font style="font-family:inherit;font-size:10pt;">24</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, 2017</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;">34%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;"> domestic brands.</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 to generally be higher during these periods. In addition, 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>
CY2017 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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