2018 Q3 Form 10-K Financial Statement

#000114498019000053 Filed on February 28, 2019

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q1 2017 Q4
Revenue $1.757B $1.609B $1.671B
YoY Change 9.69% 3.71% 0.26%
Cost Of Revenue $1.479B $1.344B $1.403B
YoY Change 10.25% 4.04% 0.04%
Gross Profit $278.0M $265.4M $268.4M
YoY Change 6.8% 2.04% 1.44%
Gross Profit Margin 15.82% 16.49% 16.06%
Selling, General & Admin $188.8M $184.2M $180.5M
YoY Change 3.45% 1.71% -1.53%
% of Gross Profit 67.91% 69.4% 67.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.500M $8.200M $8.100M
YoY Change 4.94% 3.8% 5.19%
% of Gross Profit 3.06% 3.09% 3.02%
Operating Expenses $188.8M $184.2M $189.2M
YoY Change 3.45% 1.71% 2.55%
Operating Profit $80.80M $73.20M $79.20M
YoY Change 15.93% 1.24% -1.12%
Interest Expense -$21.70M -$19.80M -$19.70M
YoY Change 10.71% 3.13% 5.35%
% of Operating Profit -26.86% -27.05% -24.87%
Other Income/Expense, Net -$21.70M -$19.80M
YoY Change 10.71% 3.13%
Pretax Income $59.10M $53.40M $54.40M
YoY Change 17.96% 0.56% -49.11%
Income Tax $14.80M $13.30M $4.000M
% Of Pretax Income 25.04% 24.91% 7.35%
Net Earnings $44.30M $40.10M $42.50M
YoY Change 44.3% 17.94% -36.66%
Net Earnings / Revenue 2.52% 2.49% 2.54%
Basic Earnings Per Share $2.22 $1.95 $2.06
Diluted Earnings Per Share $2.18 $1.93 $2.03
COMMON SHARES
Basic Shares Outstanding 20.00M shares 20.60M shares 20.82M shares
Diluted Shares Outstanding 20.30M shares 20.80M shares

Balance Sheet

Concept 2018 Q3 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.800M $4.800M $4.700M
YoY Change 142.86% 54.84% 38.24%
Cash & Equivalents $6.800M $4.800M $4.700M
Short-Term Investments
Other Short-Term Assets $122.2M $135.7M $119.3M
YoY Change 3.82% 30.61% 22.99%
Inventory $1.068B $821.9M $826.0M
Prepaid Expenses $5.200M
Receivables $130.3M $109.8M $128.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.376B $1.327B $1.302B
YoY Change 12.68% -1.63% -2.27%
LONG-TERM ASSETS
Property, Plant & Equipment $877.6M $854.5M $834.2M
YoY Change 6.63% 3.69% 2.31%
Goodwill $181.2M $176.1M $160.8M
YoY Change 12.69% 9.58% 25.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.50M $11.80M $10.00M
YoY Change 17.92% 2.61% -14.53%
Total Long-Term Assets $1.141B $1.103B $1.055B
YoY Change 8.74% 4.92% 5.07%
TOTAL ASSETS
Total Short-Term Assets $1.376B $1.327B $1.302B
Total Long-Term Assets $1.141B $1.103B $1.055B
Total Assets $2.516B $2.429B $2.357B
YoY Change 10.86% 1.24% 0.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $291.3M $293.0M $92.40M
YoY Change 4.86% -10.59% 12.82%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $831.1M $795.1M $732.1M
YoY Change 20.75% -2.03% -6.36%
Long-Term Debt Due $13.10M $13.00M $12.90M
YoY Change -8.39% -7.8% -7.86%
Total Short-Term Liabilities $1.136B $1.101B $1.058B
YoY Change 15.82% -4.53% -4.23%
LONG-TERM LIABILITIES
Long-Term Debt $852.1M $859.1M $862.6M
YoY Change -5.47% -5.48% -5.49%
Other Long-Term Liabilities $30.30M $28.60M $29.20M
YoY Change -4.11% -4.67% -2.34%
Total Long-Term Liabilities $30.30M $28.60M $29.20M
YoY Change -4.11% -4.67% -2.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.136B $1.101B $1.058B
Total Long-Term Liabilities $30.30M $28.60M $29.20M
Total Liabilities $1.166B $1.130B $1.087B
YoY Change 15.2% -4.54% -4.18%
SHAREHOLDERS EQUITY
Retained Earnings $922.7M $759.5M $750.3M
YoY Change 30.36% 17.75% 22.7%
Common Stock $572.1M $567.1M $563.9M
YoY Change 2.12% 2.46% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $980.9M $943.5M $919.1M
YoY Change 6.75% 5.0% 4.5%
Treasury Stock Shares 20.81M shares 20.52M shares 20.16M shares
Shareholders Equity $481.0M $424.3M $394.2M
YoY Change
Total Liabilities & Shareholders Equity $2.516B $2.429B $2.357B
YoY Change 10.86% 1.24% 0.88%

Cashflow Statement

Concept 2018 Q3 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income $44.30M $40.10M $42.50M
YoY Change 44.3% 17.94% -36.66%
Depreciation, Depletion And Amortization $8.500M $8.200M $8.100M
YoY Change 4.94% 3.8% 5.19%
Cash From Operating Activities $77.30M $35.80M $23.10M
YoY Change -38.11% -63.58% -362.5%
INVESTING ACTIVITIES
Capital Expenditures -$13.70M $3.300M -$31.80M
YoY Change 38.38% -38.89% -6.74%
Acquisitions $45.50M
YoY Change -43.2%
Other Investing Activities $0.00 -$43.50M $2.000M
YoY Change -100.0% -45.69% -98.28%
Cash From Investing Activities -$13.70M -$64.40M -$29.80M
YoY Change 124.59% -24.68% -136.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $24.40M
YoY Change 28.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.30M $28.70M 8.600M
YoY Change -50.04% -319.08% -111.64%
NET CHANGE
Cash From Operating Activities 77.30M $35.80M 23.10M
Cash From Investing Activities -13.70M -$64.40M -29.80M
Cash From Financing Activities -59.30M $28.70M 8.600M
Net Change In Cash 4.300M $100.0K 1.900M
YoY Change 4200.0% -133.33% -733.33%
FREE CASH FLOW
Cash From Operating Activities $77.30M $35.80M $23.10M
Capital Expenditures -$13.70M $3.300M -$31.80M
Free Cash Flow $91.00M $32.50M $54.90M
YoY Change -32.49% -65.02% 117.0%

Facts In Submission

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257700000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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600000 USD
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
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CY2018Q4 us-gaap Additional Paid In Capital Common Stock
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572900000 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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0 USD
CY2018 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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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
CY2018 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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4800000 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
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10500000 USD
CY2016 us-gaap Advertising Expense
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34000000 USD
CY2017 us-gaap Advertising Expense
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30300000 USD
CY2018 us-gaap Advertising Expense
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30600000 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
CY2018 us-gaap Allocated Share Based Compensation Expense
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10500000 USD
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1600000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1300000 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
CY2018 us-gaap Amortization Of Financing Costs
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2500000 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
CY2018 us-gaap Asset Impairment Charges
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CY2017Q4 us-gaap Assets
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CY2018Q4 us-gaap Assets
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CY2017Q4 us-gaap Assets Current
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1302100000 USD
CY2018Q4 us-gaap Assets Current
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1553000000 USD
CY2017Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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30300000 USD
CY2018Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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26300000 USD
CY2017Q4 us-gaap Capital Lease Obligations
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3200000 USD
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
3100000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
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4800000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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400000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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400000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
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400000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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400000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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400000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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2800000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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1700000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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109400000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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10700000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
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8300000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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3100000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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2800000 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
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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8300000 USD
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
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
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3600000 USD
CY2017Q4 us-gaap Commitments And Contingencies
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CY2018Q4 us-gaap Commitments And Contingencies
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CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
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90000000 shares
CY2018Q4 us-gaap Common Stock Shares Authorized
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90000000 shares
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40969987 shares
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400000 USD
CY2018Q4 us-gaap Common Stock Value
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400000 USD
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168600000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
140300000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
169500000 USD
CY2018Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
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7700000 USD
CY2018Q2 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
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6700000 USD
CY2018Q3 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
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7400000 USD
CY2018Q4 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
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9600000 USD
CY2017Q4 us-gaap Contract With Customer Asset Net
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0 USD
CY2018Q1 us-gaap Contract With Customer Asset Net
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14500000 USD
CY2018Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12900000 USD
CY2018Q3 us-gaap Contract With Customer Asset Net
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13300000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
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14700000 USD
CY2018Q1 us-gaap Contract With Customer Asset Net
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16400000 USD
CY2018Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
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9600000 USD
CY2018Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
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8300000 USD
CY2018Q3 us-gaap Contract With Customer Asset Reclassified To Receivable
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7000000 USD
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8200000 USD
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5469100000 USD
CY2017 us-gaap Cost Of Revenue
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5400600000 USD
CY2018 us-gaap Cost Of Revenue
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CY2016 us-gaap Cost Of Services
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295200000 USD
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296300000 USD
CY2018 us-gaap Cost Of Services
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305200000 USD
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21500000 USD
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22400000 USD
CY2018 us-gaap Cost Of Services Depreciation And Amortization
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22500000 USD
CY2017 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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200000 USD
CY2018 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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9200000 USD
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83800000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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59100000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
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43800000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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67400000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
50900000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
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7100000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Premium
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6800000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Premium
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6000000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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4900000 USD
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1200000 USD
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3900000 USD
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10600000 USD
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10800000 USD
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6100000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
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2600000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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5900000 USD
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
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21700000 USD
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21700000 USD
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15600000 USD
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600000 USD
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5000000 USD
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4500000 USD
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1200000 USD
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1400000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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2000000 USD
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23900000 USD
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20500000 USD
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5500000 USD
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3900000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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3900000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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2400000 USD
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3400000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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3200000 USD
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11100000 USD
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11000000 USD
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21700000 USD
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900000 USD
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3300000 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
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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3200000 USD
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0.04
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0.5
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18500 USD
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0.75
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30700000 USD
CY2017 us-gaap Depreciation And Amortization
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32100000 USD
CY2018 us-gaap Depreciation And Amortization
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33700000 USD
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30700000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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32100000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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33700000 USD
CY2016 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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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
CY2018 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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0 USD
CY2017Q4 us-gaap Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
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7900000 USD
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7.43
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1.62
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1.53
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1.49
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2.06
CY2017 us-gaap Earnings Per Share Basic
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6.69
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1.95
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2.13
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2.22
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2.09
CY2018 us-gaap Earnings Per Share Basic
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8.36
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0.03
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0.06
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0.22
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0.03
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7.40
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1.61
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1.52
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1.48
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2.03
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.62
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1.93
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2.11
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2.18
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2.06
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.28
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0.376
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0.335
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.253
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
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0.001
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-0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.002
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-0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.003
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.000
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0.029
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.030
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.039
CY2017Q4 us-gaap Employee Related Liabilities Current
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24900000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
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27600000 USD
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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10300000 USD
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P2Y1M24D
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
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2600000 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
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-900000 USD
CY2017Q2 us-gaap Gain Loss On Investments
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500000 USD
CY2016 us-gaap Gain Loss On Sale Of Business
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28400000 USD
CY2018 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2017Q1 us-gaap Gain Loss Related To Litigation Settlement
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600000 USD
CY2018Q2 us-gaap Gain Loss Related To Litigation Settlement
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500000 USD
CY2016Q4 us-gaap Goodwill
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128100000 USD
CY2017Q4 us-gaap Goodwill
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160800000 USD
CY2018Q4 us-gaap Goodwill
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181200000 USD
CY2017 us-gaap Goodwill Acquired During Period
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32700000 USD
CY2018 us-gaap Goodwill Acquired During Period
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20400000 USD
us-gaap Goodwill Impairment Loss
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537700000 USD
CY2016 us-gaap Gross Profit
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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
GrossProfit
260300000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
268400000 USD
CY2017 us-gaap Gross Profit
GrossProfit
1055900000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
265400000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
277800000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
278000000 USD
CY2018Q4 us-gaap Gross Profit
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281800000 USD
CY2018 us-gaap Gross Profit
GrossProfit
1103000000 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
5100000 USD
CY2018 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
3700000 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
CY2018Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
2800000 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
3700000 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
CY2018 us-gaap Impairment Of Real Estate
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0 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
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
224800000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100600000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56800000 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
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
47200000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
200000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-300000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
400000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-300000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-800000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-100000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7800000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6400000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8700000 USD
CY2016 us-gaap Income Taxes Paid Net
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79600000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
102700000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
40400000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
31400000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2600000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-16200000 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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-10200000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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1500000 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
IncreaseDecreaseInContractReceivablesNet
10700000 USD
CY2018 us-gaap Increase Decrease In Contract Receivables Net
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5000000 USD
CY2016 us-gaap Increase Decrease In Inventories
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-105300000 USD
CY2017 us-gaap Increase Decrease In Inventories
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-251500000 USD
CY2018 us-gaap Increase Decrease In Inventories
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24400000 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
CY2018 us-gaap Increase Decrease In Other Operating Assets
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200800000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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-1900000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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200000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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-1400000 USD
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
CY2018 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
100000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
100000 shares
CY2017Q4 us-gaap Indefinite Lived Franchise Rights
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49600000 USD
CY2018Q4 us-gaap Indefinite Lived Franchise Rights
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65800000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1100000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2018 us-gaap Interest Costs Capitalized
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500000 USD
CY2016 us-gaap Interest Expense Other
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53100000 USD
CY2017 us-gaap Interest Expense Other
InterestExpenseOther
53900000 USD
CY2018 us-gaap Interest Expense Other
InterestExpenseOther
53100000 USD
CY2016 us-gaap Interest Paid
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73800000 USD
CY2017 us-gaap Interest Paid
InterestPaid
76000000 USD
CY2018 us-gaap Interest Paid
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82500000 USD
CY2017Q4 us-gaap Interest Payable Current
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5100000 USD
CY2018Q4 us-gaap Interest Payable Current
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6600000 USD
CY2017Q4 us-gaap Inventory Net
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826000000 USD
CY2018Q3 us-gaap Inventory Net
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1067600000 USD
CY2018Q4 us-gaap Inventory Net
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1067600000 USD
CY2018Q1 us-gaap Inventory Net
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821900000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
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5700000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
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6100000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
29900000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
26700000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25600000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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2356700000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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2695400000 USD
CY2017Q4 us-gaap Liabilities Current
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1058200000 USD
CY2018Q4 us-gaap Liabilities Current
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1303300000 USD
CY2017Q4 us-gaap Long Term Debt
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882900000 USD
CY2018Q4 us-gaap Long Term Debt
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913000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
862600000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
866500000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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12900000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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38800000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
732300000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
53900000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
32000000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
17200000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
33900000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
40800000 USD
CY2017Q4 us-gaap Long Term Debt Fair Value
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900800000 USD
CY2018Q4 us-gaap Long Term Debt Fair Value
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876700000 USD
CY2017Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.054
CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.052
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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
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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14000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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19200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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22200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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25500000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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143100000 USD
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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-127800000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-149600000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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142500000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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266300000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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10100000 USD
CY2016 us-gaap Net Income Loss
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167200000 USD
CY2017Q1 us-gaap Net Income Loss
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34000000 USD
CY2017 us-gaap Net Income Loss
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139100000 USD
CY2018Q1 us-gaap Net Income Loss
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40100000 USD
CY2018Q2 us-gaap Net Income Loss
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43200000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
44300000 USD
CY2018Q4 us-gaap Net Income Loss
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40400000 USD
CY2018 us-gaap Net Income Loss
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168000000 USD
CY2016 us-gaap Nonoperating Income Expense
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CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-78600000 USD
CY2018 us-gaap Nonoperating Income Expense
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-86100000 USD
CY2018 us-gaap Number Of Reportable Segments
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1 segment
CY2018Q4 us-gaap Number Of States In Which Entity Operates
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9 states
CY2016 us-gaap Operating Income Loss
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297800000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
287700000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
310900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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109400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
22500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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27200000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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23300000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
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100000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Noncurrent
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1700000 USD
CY2017Q4 us-gaap Other Assets Current
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119300000 USD
CY2018Q3 us-gaap Other Assets Current
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122200000 USD
CY2018Q4 us-gaap Other Assets Current
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122200000 USD
CY2018Q1 us-gaap Other Assets Current
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135700000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Current
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9200000 USD
CY2018Q4 us-gaap Other Assets Miscellaneous Current
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5500000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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10000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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9300000 USD
CY2016 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
900000 USD
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
700000 USD
CY2018 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
800000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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2300000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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1900000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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2300000 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
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1500000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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900000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-700000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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29200000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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30700000 USD
CY2016 us-gaap Other Noncash Income Expense
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-4100000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4300000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3100000 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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CY2018 us-gaap Other Operating Income Expense Net
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1100000 USD
CY2016 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
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
110200000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2800000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1700000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
80100000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
91300000 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
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
4400000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
81400000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42300000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40300000 USD
CY2016 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
10600000 USD
CY2017 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
5800000 USD
CY2018 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
17600000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
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0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense Current
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5200000 USD
CY2018Q4 us-gaap Prepaid Expense Current
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5900000 USD
CY2017Q4 us-gaap Prepaid Taxes
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19500000 USD
CY2018Q4 us-gaap Prepaid Taxes
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9100000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
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114300000 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 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
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50700000 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
ProceedsFromSaleOfProductiveAssets
5800000 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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1072500000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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1143800000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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834200000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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886100000 USD
CY2017Q4 us-gaap Real Estate Heldforsale
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30300000 USD
CY2018Q4 us-gaap Real Estate Heldforsale
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26300000 USD
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128500000 USD
CY2018Q4 us-gaap Receivables Net Current
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130300000 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
CY2018 us-gaap Repayments Of Secured Debt
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19900000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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750300000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
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922700000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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922700000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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759500000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6874400000 USD
CY2016 us-gaap Revenues
Revenues
6527800000 USD
CY2017Q1 us-gaap Revenues
Revenues
1551700000 USD
CY2017Q2 us-gaap Revenues
Revenues
1631800000 USD
CY2017Q3 us-gaap Revenues
Revenues
1602100000 USD
CY2017Q4 us-gaap Revenues
Revenues
1670900000 USD
CY2017 us-gaap Revenues
Revenues
6456500000 USD
CY2018Q1 us-gaap Revenues
Revenues
1609200000 USD
CY2018Q2 us-gaap Revenues
Revenues
1723600000 USD
CY2018Q3 us-gaap Revenues
Revenues
1757400000 USD
CY2018Q4 us-gaap Revenues
Revenues
1784200000 USD
CY2018 us-gaap Revenues
Revenues
6874400000 USD
CY2016 us-gaap Sales Revenue Services Net
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778500000 USD
CY2017 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
786100000 USD
CY2018 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
821000000 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
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
755800000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
12000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
13600000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
10500000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
800000 shares
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
200000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
394200000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
473200000 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
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
473200000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
20156962 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
21719339 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
919100000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1023400000 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
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
105400000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
800000 USD
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
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20300000 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
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20100000 shares
CY2018 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, 2018</font><font style="font-family:inherit;font-size:10pt;">, we had total debt of </font><font style="font-family:inherit;font-size:10pt;">$910.1 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"), 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"), 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"), and our other debt instruments. 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, 2018</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;">23.7</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;">18.4</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;">14.4</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;">11.1</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;">6.5</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;">5.6</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, 2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2018 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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