Subsequent Event

12 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

Subsequent Events

10. Subsequent Event

Effective January 1, 2012, the Company acquired a 30% investment in the Exego Group for approximately $150,000,000. The acquisition was funded with the Company’s cash on hand. Based on the terms of the 30% investment, an additional payment may be required, but it is not expected to be material. The Exego Group, which is headquartered in Melbourne, Australia, is a leading aftermarket distributor of automotive replacement parts and accessories in Australasia, with annual revenues of approximately $1,000,000,000 and a company-owned store footprint of more than 430 locations across Australia and New Zealand. The Company has an option to acquire the remaining 70% of Exego at a later date contingent upon Exego achieving certain earnings thresholds. However, there can be no guarantee that such thresholds will be met or, if they are met, whether the company would exercise its purchase option.