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Equity

6 Months Ended

Jun. 30, 2011

Equity [Abstract]

10. Equity

Comprehensive income (loss)

Other comprehensive income (loss) includes foreign currency translation gains and losses, as well as changes relating to other individually immaterial items, including certain defined benefit plans in the U.K. and changes in the fair value of interest rate swap agreements, each of which has been excluded from net income and reflected in equity. Total comprehensive income (loss) is summarized as follows:


		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2011				2010				2011				2010
Attributable to Penske Automotive Group:
Net income		$	39,560			$	29,441			$	73,487			$	49,795
Other comprehensive income (loss):
Foreign currency translation			2,883				(15,123	)			19,734				(42,831	)
Other			(4,359	)			4,029				(4,689	)			7,215


Total attributable to Penske Automotive Group			38,084				18,347				88,532				14,179

Attributable to the non-controlling interest:
Income			499				243				569				221


Total comprehensive income		$	38,583			$	18,590			$	89,101			$	14,400

During the second quarter of 2011, the Company acquired 618 shares at an average price of $20.08 for a total of $12,413.

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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