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Consolidated Statements of Income Statement - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 2,626,323 $ 3,248,173 $ 5,627,258 $ 6,348,476
Cost of goods sold 1,615,319 2,000,986 3,402,378 3,893,025
Gross margin 1,011,004 1,247,187 2,224,880 2,455,451
Selling, general and administrative expenses 737,369 898,368 1,637,180 1,794,900
Restructuring and acquisition related expenses 24,950 8,377 31,920 11,684
Loss on disposal of businesses and impairment of net assets held for sale 2,485 33,497 2,236 48,520
Depreciation and amortization 65,747 70,834 131,242 141,836
Operating income 180,453 236,111 422,302 458,511
Other expense (income):        
Interest expense, net of interest income 25,616 35,884 51,547 71,973
Loss on debt extinguishment 0 0 12,751 0
Other income, net (8,174) (5,733) (11,796) (9,584)
Total other expense, net 17,442 30,151 52,502 62,389
Income from continuing operations before provision for income taxes 163,011 205,960 369,800 396,122
Provision for income taxes 41,869 55,825 102,280 107,375
Equity in (losses) earnings of unconsolidated subsidiaries (2,649) 1,572 (2,133) (37,977)
Income from continuing operations 118,493 151,707 265,387 250,770
Net income (loss) from discontinued operations 277 398 (638) 398
Net income 118,770 152,105 264,749 251,168
Less: net (loss) income attributable to continuing noncontrolling interest (22) 1,352 718 2,367
Less: net income attributable to discontinued noncontrolling interest 0 192 103 192
Net income attributable to LKQ stockholders $ 118,792 $ 150,561 $ 263,928 $ 248,609
Basic earnings per share: (1)        
Income from continuing operations $ 0.39 $ 0.49 $ 0.87 $ 0.80
Net income (loss) from discontinued operations 0.00 0.00 (0.00) 0.00
Net income 0.39 0.49 0.87 0.80
Less: net (loss) income attributable to continuing noncontrolling interest (0.00) 0.00 0.00 0.01
Less: net income attributable to discontinued noncontrolling interest 0 0.00 0.00 0.00
Net income attributable to LKQ stockholders 0.39 0.48 0.86 0.79
Diluted earnings per share: (1)        
Income from continuing operations 0.39 0.49 0.87 0.80
Net income (loss) from discontinued operations 0.00 0.00 (0.00) 0.00
Net income 0.39 0.49 0.87 0.80
Less: net (loss) income attributable to continuing noncontrolling interest (0.00) 0.00 0.00 0.01
Less: net income attributable to discontinued noncontrolling interest 0 0.00 0.00 0.00
Net income attributable to LKQ stockholders $ 0.39 $ 0.48 $ 0.86 $ 0.79