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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues    
Auction fees and services revenue $ 491.5 $ 541.9
Purchased vehicle sales 75.5 57.8
Finance-related revenue 78.5 89.9
Total operating revenues 645.5 689.6
Operating expenses    
Cost of services (exclusive of depreciation and amortization) 394.6 393.9
Selling, general and administrative 162.4 175.2
Depreciation and amortization 47.7 44.3
Total operating expenses 604.7 613.4
Operating profit 40.8 76.2
Interest expense 38.0 56.5
Other income, net (2.0) (2.1)
Income from continuing operations before income taxes 4.8 21.8
Income taxes 2.0 6.5
Income from continuing operations 2.8 15.3
Income from discontinued operations, net of income taxes 0.0 62.5
Net income $ 2.8 $ 77.8
Net income per share - basic    
Income from continuing operations $ 0.02 $ 0.11
Income from discontinued operations 0 0.47
Net income 0.02 0.58
Net income per share - diluted    
Income from continuing operations 0.02 0.11
Income from discontinued operations 0 0.47
Net income 0.02 0.58
Dividends declared per common share $ 0.19 $ 0.35