LKQ (LKQ) 10-Q 2 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 22, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	LKQ
Entity Registrant Name	LKQ CORP
Entity Central Index Key	1,065,696
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		307,107,596

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and equivalents	$ 273,203	$ 87,397
Receivables, net	995,153	590,160
Inventories, net	1,890,536	1,556,552
Prepaid expenses and other current assets	139,536	106,603
Total Current Assets	3,298,428	2,340,712
Property, Plant and Equipment, net	1,055,046	696,567
Intangible Assets:
Goodwill	3,059,488	2,319,246
Other intangibles, net	630,360	215,117
Other Assets	142,622	76,195
Total Assets	8,185,944	5,647,837
Current Liabilities:
Accounts payable	735,138	415,588
Accrued expenses:
Accrued payroll-related liabilities	102,962	86,527
Other accrued expenses	228,656	162,225
Other current liabilities	40,794	31,596
Current portion of long-term obligations	60,832	56,034
Total Current Liabilities	1,168,382	751,970
Long-Term Obligations, Excluding Current Portion	3,274,629	1,528,668
Deferred Income Taxes	225,338	127,239
Other Noncurrent Liabilities	209,956	125,278
Commitments and Contingencies
Stockholders’ Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 306,785,582 and 305,574,384 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	3,067	3,055
Additional paid-in capital	1,111,221	1,090,713
Retained earnings	2,374,853	2,126,384
Accumulated other comprehensive loss	(181,502)	(105,470)
Total Stockholders’ Equity	3,307,639	3,114,682
Total Liabilities and Stockholders’ Equity	$ 8,185,944	$ 5,647,837

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	306,785,582	305,574,384
Common stock, shares outstanding	306,785,582	305,574,384

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue	$ 2,450,693	$ 1,838,070	$ 4,372,169	$ 3,611,982
Cost of goods sold	1,528,746	1,114,126	2,689,785	2,188,559
Gross margin	921,947	723,944	1,682,384	1,423,423
Facility and warehouse expenses	178,670	136,379	336,275	269,036
Distribution expenses	184,331	150,039	336,674	291,753
Selling, general and administrative expenses	254,153	205,796	472,471	409,037
Restructuring and acquisition related expenses	9,080	1,663	23,891	8,151
Depreciation and amortization	52,529	29,782	84,217	59,235
Operating income	243,184	200,285	428,856	386,211
Other expense (income):
Interest expense, net	26,381	14,622	40,973	29,528
Loss on debt extinguishment	0	0	26,650	0
Gains on foreign exchange contracts - acquisition related	0		(18,342)	0
Other expense (income), net	1,339	97	(1,550)	2,016
Total other expense, net	27,720	14,719	47,731	31,544
Income before provision for income taxes	215,464	185,566	381,125	354,667
Provision for income taxes	74,874	64,682	132,441	124,780
Equity in earnings of unconsolidated subsidiaries	147	(1,162)	(215)	(3,070)
Net income	$ 140,737	$ 119,722	$ 248,469	$ 226,817
Earnings per share:
Basic	$ 0.46	$ 0.39	$ 0.81	$ 0.75
Diluted	$ 0.46	$ 0.39	$ 0.81	$ 0.74

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 140,737	$ 119,722	$ 248,469	$ 226,817
Other comprehensive (loss) income:
Foreign currency translation	(73,257)	44,510	(73,117)	(10,300)
Net change in unrecognized gains/losses on derivative instruments, net of tax	(3,614)	918	(3,182)	1,201
Net change in unrealized gains/losses on pension plan, net of tax	120	(21)	267	107
Total other comprehensive (loss) income	(76,751)	45,407	(76,032)	(8,992)
Total comprehensive income	$ 63,986	$ 165,129	$ 172,437	$ 217,825

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 248,469	$ 226,817
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	90,882	61,714
Stock-based compensation expense	11,425	11,114
Excess tax benefit from stock-based payments	(6,685)	(6,737)
Loss on debt extinguishment	26,650	0
Gains on foreign exchange contracts - acquisition related	(18,342)	0
Other	7,193	5,880
Changes in operating assets and liabilities, net of effects from acquisitions:
Receivables, net	(83,515)	(48,995)
Inventories, net	42,548	38,399
Prepaid income taxes/income taxes payable	23,029	21,052
Accounts payable	31,004	(18,597)
Other operating assets and liabilities	(17,428)	(7,948)
Net cash provided by operating activities	355,230	282,699
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(102,319)	(66,763)
Acquisitions, net of cash acquired	(1,268,841)	(37,208)
Proceeds from foreign exchange contracts	18,342	0
Other investing activities, net	11,313	(5,209)
Net cash used in investing activities	(1,341,505)	(109,180)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	4,889	3,288
Excess tax benefit from stock-based payments	6,685	6,737
Taxes paid related to net share settlements of stock-based compensation awards	(2,281)	(5,243)
Debt issuance costs	(16,171)	0
Proceeds from issuance of euro notes	563,450	0
Borrowings under revolving credit facilities	1,822,020	199,621
Repayments under revolving credit facilities	(1,012,362)	(294,276)
Borrowings under term loans	338,478	0
Repayments under term loans	(4,721)	(11,250)
Borrowings under receivables securitization facility	97,000	2,100
Repayments under receivables securitization facility	(66,480)	(1,758)
Borrowings (repayments) of other debt, net	(7,824)	(42,090)
Repayment of Rhiag Debt and Related payments	(543,347)	0
Repayment of Rhiag debt and related payments	(1,371)	(2,050)
Net cash provided by (used in) financing activities	1,177,965	(144,921)
Effect of exchange rate changes on cash and equivalents	(5,884)	220
Net increase in cash and equivalents	185,806	28,818
Cash and equivalents, beginning of period	87,397	114,605
Cash and equivalents, end of period	273,203	143,423
Supplemental disclosure of cash paid for:
Income taxes, net of refunds	115,346	102,747
Interest	42,340	28,656
Supplemental disclosure of noncash investing and financing activities:
Notes payable and other financing obligations, including notes issued and debt assumed in connection with business acquisitions	555,335	4,366
Noncash property, plant and equipment additions	$ 3,555	$ 4,387

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Stockholders' Equity - 6 months ended Jun. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance, shares at Dec. 31, 2015		305,574
Beginning balance at Dec. 31, 2015	$ 3,114,682	$ 3,055	$ 1,090,713	$ 2,126,384	$ (105,470)
Net income	248,469	0	0	248,469	0
Total other comprehensive (loss) income	(76,032)	$ 0	0	0	(76,032)
RSUs vested, shares		519
Restricted stock units vested, value	(2,281)	$ 5	(2,286)	0	0
Stock-based compensation expense	11,425		11,425	0	0
Stock options exercised, shares		693
Exercise of stock options, value	4,889	$ 7	4,882	0	0
Excess tax benefit from stock-based payments	6,487		6,487	0	0
Ending balance, shares at Jun. 30, 2016		306,786
Ending balance at Jun. 30, 2016	$ 3,307,639	$ 3,067	$ 1,111,221	$ 2,374,853	$ (181,502)

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	Interim Financial Statements The unaudited financial statements presented in this report represent the consolidation of LKQ Corporation, a Delaware corporation, and its subsidiaries. LKQ Corporation is a holding company and all operations are conducted by subsidiaries. When the terms "LKQ," "the Company," "we," "us," or "our" are used in this document, those terms refer to LKQ Corporation and its consolidated subsidiaries. We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to interim financial statements. Accordingly, certain information related to our significant accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all material adjustments (which include only normally recurring adjustments) necessary to fairly state, in all material respects, our financial position, results of operations and cash flows for the periods presented. Operating results for interim periods are not necessarily indicative of the results that can be expected for any subsequent interim period or for a full year. These interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto included in our most recent Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on February 25, 2016. As described in Note 2, "Business Combinations ," on April 21, 2016, we completed our acquisition of Pittsburgh Glass Works LLC ("PGW"), a leading global distributor and manufacturer of automotive glass products. With our acquisition of PGW, we present an additional reportable segment, Glass. Our unaudited condensed consolidated financial statements reflect the impact of PGW from the date of acquisition through the end of the quarter.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Business Combinations	Business Combinations On March 18, 2016, LKQ and its wholly-owned subsidiary LKQ Italia S.r.l. acquired Rhiag-Inter Auto Parts Italia S.p.A. ("Rhiag"), a distributor of aftermarket spare parts for passenger cars and commercial vehicles in Italy, Czech Republic, Slovakia, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Poland and Spain. This acquisition expands LKQ's geographic presence in continental Europe, and we believe the acquisition will generate potential purchasing synergies. Total acquisition date fair value of the consideration for our Rhiag acquisition was €534.2 million ( $602.0 million ), composed of €533.6 million ( $601.4 million ) of cash (net of cash acquired) and €0.6 million ( $0.6 million ) of intercompany balances considered to be effectively settled as part of the transaction. In addition, we assumed €488.8 million ( $550.8 million ) of existing Rhiag debt as of the acquisition date. To fund the purchase price of the Rhiag acquisition, LKQ entered into foreign currency forward contracts in March 2016 to acquire a total of €588 million . The rates locked in under the foreign currency forwards were favorable to the spot rate on the settlement date, and as a result, these derivative contracts generated a gain of $18.3 million during the three months ended March 31, 2016. The gain on the foreign currency forwards is recorded in Gains on foreign exchange contracts - acquisition related on our unaudited condensed consolidated statement of income for the six months ended June 30, 2016 . We recorded $585.1 million of goodwill related to our acquisition of Rhiag, which we do not expect to be deductible for income tax purposes. In the period between the acquisition date and June 30, 2016 , Rhiag, which is reported in our Europe reportable segment, generated revenue of $318.1 million and operating income of $10.8 million , which included $6.2 million of acquisition related costs. On April 21, 2016, LKQ and its wholly owned subsidiary LKQ PGW Holdings LLC acquired PGW. PGW’s business comprises wholesale and retail distribution services, automotive glass manufacturing, and retailer alliance partnerships. The acquisition expands our addressable market in North America and globally. Additionally, we believe the acquisition will create potential distribution synergies with our existing network. Total acquisition date fair value of the consideration for our PGW acquisition was $661.9 million , consisting of cash paid (net of cash acquired). We recorded $184.0 million of goodwill related to our acquisition of PGW, of which we expect $84.5 million to be deductible for income tax purposes. In the period between the acquisition date and June 30, 2016 , PGW generated revenue of $210.1 million and operating income of $8.9 million . In addition to our acquisitions of Rhiag and PGW, we acquired two wholesale businesses in Europe during the six months ended June 30, 2016 . These acquisitions were not material to our results of operations or financial position. During 2015, we completed 18 acquisitions, including 4 wholesale businesses in North America, 12 wholesale businesses in Europe, a self service retail operation, and a specialty vehicle aftermarket business. Our wholesale business acquisitions in North America included PartsChannel, Inc. ("Parts Channel"), an aftermarket collision parts distributor. The specialty aftermarket business acquired was The Coast Distribution System, Inc. ("Coast"), a supplier of replacement parts, supplies and accessories in North America for the recreational vehicle and outdoor recreation markets. Our European acquisitions included 11 aftermarket parts distribution businesses in the Netherlands, 9 of which were former customers of and distributors for our Netherlands subsidiary, Sator Beheer B.V. ("Sator") and were acquired with the objective of expanding our distribution network in the Netherlands. Our other acquisitions completed during 2015 enabled us to expand our geographic presence. Total acquisition date fair value of the consideration for these acquisitions was $187.9 million , composed of $161.3 million of cash (net of cash acquired), $4.3 million of notes payable, $21.2 million of other purchase price obligations, and $ 1.1 million of pre-existing balances between us and the acquired entities considered to be effectively settled as a result of the acquisitions. During the year ended December 31, 2015 , we recorded $92.2 million of goodwill related to these acquisitions and immaterial adjustments to preliminary purchase price allocations related to certain of our 2014 acquisitions. We expect $69.9 million of the $92.2 million of goodwill recorded to be deductible for income tax purposes. Our acquisitions are accounted for under the purchase method of accounting and are included in our unaudited condensed consolidated financial statements from the dates of acquisition. The purchase prices were allocated to the net assets acquired based upon estimated fair market values at the dates of acquisition. The purchase price allocations for the acquisitions made during the six months ended June 30, 2016 and the last six months of 2015 are preliminary as we are in the process of determining the following: 1) valuation amounts for certain receivables, inventories and fixed assets acquired; 2) valuation amounts for certain intangible assets acquired; 3) the acquisition date fair value of certain liabilities assumed; and 4) the final estimation of the tax basis of the entities acquired. We have recorded preliminary estimates for certain of the items noted above and will record adjustments, if any, to the preliminary amounts upon finalization of the valuations. During the three months ended June 30, 2016 , we recorded adjustments to our preliminary allocation based on our valuation procedures for our acquisition of Rhiag that resulted in the allocation of $155 million of goodwill to acquired assets, primarily intangible assets and property, plant and equipment. Additionally, as Rhiag was acquired at the end of the first quarter the income statement effect of these adjustments on our earnings was immaterial for the three months ended March 31, 2016. The balance sheet impact and income statement effect of other measurement-period adjustments recorded for acquisitions completed in prior periods was immaterial. The preliminary purchase price allocations for the acquisitions completed during the six months ended June 30, 2016 and the year ended December 31, 2015 are as follows (in thousands): Six Months Ended Year Ended June 30, 2016 December 31, 2015 Rhiag PGW Other Acquisitions Total All Acquisitions Receivables $ 235,358 $ 136,529 $ 996 $ 372,883 $ 29,628 Receivable reserves (28,243 ) (6,146 ) (53 ) (34,442 ) (3,926 ) Inventories, net (1) 239,559 169,558 840 409,957 79,646 Prepaid expenses and other current assets 14,465 38,762 (13 ) 53,214 3,337 Property, plant and equipment 58,275 271,641 431 330,347 11,989 Goodwill 585,112 183,970 5,107 774,189 92,175 Other intangibles 424,754 31,126 — 455,880 9,926 Other assets 2,101 57,396 (407 ) 59,090 5,166 Deferred income taxes (109,067 ) 2,024 (216 ) (107,259 ) 4,102 Current liabilities assumed (246,546 ) (168,442 ) (615 ) (415,603 ) (39,191 ) Debt assumed (550,843 ) (4,027 ) — (554,870 ) (2,365 ) Other noncurrent liabilities assumed (22,918 ) (50,539 ) — (73,457 ) (2,651 ) Other purchase price obligations — — — — (21,199 ) Notes issued — — (465 ) (465 ) (4,296 ) Settlement of pre-existing balances (591 ) — (32 ) (623 ) (1,073 ) Cash used in acquisitions, net of cash acquired $ 601,416 $ 661,852 $ 5,573 $ 1,268,841 $ 161,268 (1) The PGW inventory balance includes the impact of a step-up adjustment of $10.2 million to report the inventory at its fair value. Included in other noncurrent liabilities recorded for our acquisitions of Rhiag and PGW is a liability for certain pension and other post-retirement obligations we assumed with the acquisitions. Due to the immateriality of these plans, we have not provided the detailed disclosures otherwise prescribed by the accounting guidance on pensions and other post-retirement obligations. The primary objectives of our acquisitions made during the six months ended June 30, 2016 and the year ended December 31, 2015 were to create economic value for our stockholders by enhancing our position as a leading source for alternative collision and mechanical repair products and to expand into other product lines and businesses that may benefit from our operating strengths. Our 2016 acquisition of Rhiag enabled us to expand our market presence in continental Europe. We believe that our Rhiag acquisition will allow for synergies within our European operations, most notably in procurement, and these projected synergies contributed to the goodwill recorded on the Rhiag acquisition. Our April 2016 acquisition of PGW enabled us to enter into new product lines and increase the size of our addressable market. In addition, we believe that our PGW acquisition will allow for distribution synergies with our existing network in North America, which contributed to the goodwill recorded on the acquisition. When we identify potential acquisitions, we attempt to target companies with a leading market presence, an experienced management team and workforce that provide a fit with our existing operations, and strong cash flows. For certain of our acquisitions, we have identified cost savings and synergies as a result of integrating the company with our existing business that provide additional value to the combined entity. In many cases, acquiring companies with these characteristics will result in purchase prices that include a significant amount of goodwill. The following pro forma summary presents the effect of the businesses acquired during the six months ended June 30, 2016 as though the businesses had been acquired as of January 1, 2015 and the businesses acquired during the year ended December 31, 2015 as though they had been acquired as of January 1, 2014 . The pro forma adjustments are based upon unaudited financial information of the acquired entities (in thousands, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue, as reported $ 2,450,693 $ 1,838,070 $ 4,372,169 $ 3,611,982 Revenue of purchased businesses for the period prior to acquisition: Rhiag — 246,583 213,376 481,885 PGW 61,667 279,729 328,000 537,385 Other acquisitions 347 92,376 1,531 187,786 Pro forma revenue $ 2,512,707 $ 2,456,758 $ 4,915,076 $ 4,819,038 Net income, as reported $ 140,737 $ 119,722 $ 248,469 $ 226,817 Net income of purchased businesses for the period prior to acquisition, and pro forma purchase accounting adjustments: Rhiag — 5,069 (178 ) 5,201 PGW 6,357 8,880 13,860 2,992 Other acquisitions 16 3,374 73 6,655 Acquisition related costs of acquisitions closed in the period, net of tax 1,604 — 10,101 — Pro forma net income $ 148,714 $ 137,045 $ 272,325 $ 241,665 Earnings per share, basic—as reported $ 0.46 $ 0.39 $ 0.81 $ 0.75 Effect of purchased businesses for the period prior to acquisition: Rhiag — 0.02 (0.00) 0.02 PGW 0.02 0.03 0.05 0.01 Other acquisitions 0.00 0.01 0.00 0.02 Acquisition related costs of acquisitions closed in the period, net of tax 0.01 — 0.03 — Pro forma earnings per share, basic (1) $ 0.48 $ 0.45 $ 0.89 $ 0.79 Earnings per share, diluted—as reported $ 0.46 $ 0.39 $ 0.81 $ 0.74 Effect of purchased businesses for the period prior to acquisition: Rhiag — 0.02 (0.00) 0.02 PGW 0.02 0.03 0.04 0.01 Other acquisitions 0.00 0.01 0.00 0.02 Acquisition related costs of acquisitions closed in the period, net of tax 0.01 — 0.03 — Pro forma earnings per share, diluted (1) $ 0.48 $ 0.45 $ 0.88 $ 0.79 (1) The sum of the individual earnings per share amounts may not equal the total due to rounding. Unaudited pro forma supplemental information is based upon accounting estimates and judgments that we believe are reasonable. The unaudited pro forma supplemental information includes the effect of purchase accounting adjustments, such as the adjustment of inventory acquired to fair value; adjustments to depreciation on acquired property, plant and equipment; adjustments to rent expense for above or below market leases; adjustments to amortization on acquired intangible assets; adjustments to interest expense; and the related tax effects. The pro forma impact of our acquisitions reflects the elimination of acquisition related expenses net of tax totaling $1.6 million and $10.1 million for the three and six months ended June 30, 2016 , respectively. Refer to Note 4, "Restructuring and Acquisition Related Expenses ," for further information regarding our acquisition related expenses. These pro forma results are not necessarily indicative of what would have occurred if the acquisitions had been in effect for the periods presented or of future results.

Financial Statement Information

Financial Statement Information	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Revenue Recognition The majority of our revenue is derived from the sale of vehicle parts. Revenue is recognized when the products are shipped to, delivered to or picked up by customers and title has transferred, subject to an allowance for estimated returns, discounts and allowances that we estimate based upon historical information. We recorded a reserve for estimated returns, discounts and allowances of approximately $36.3 million and $32.8 million at June 30, 2016 and December 31, 2015 , respectively. We present taxes assessed by governmental authorities collected from customers on a net basis. Therefore, the taxes are excluded from revenue on our Unaudited Condensed Consolidated Statements of Income and are shown as a current liability on our Unaudited Condensed Consolidated Balance Sheets until remitted. We recognize revenue from the sale of scrap metal, other metals, and cores when title has transferred, which typically occurs upon delivery to the customer. Allowance for Doubtful Accounts We have a reserve for uncollectible accounts which was approximately $50.6 million and $24.6 million at June 30, 2016 and December 31, 2015 , respectively. Our March 2016 acquisition of Rhiag and our April 2016 acquisition of PGW contributed $23.0 million and $4.8 million , respectively, to our reserve for uncollectible accounts. See Note 2, "Business Combinations " for further information on our acquisitions. Inventories, net Inventories, net consists of the following (in thousands): June 30, December 31, 2016 2015 Aftermarket and refurbished products $ 1,422,701 $ 1,146,162 Salvage and remanufactured products 397,522 410,390 Glass manufacturing products (1) 70,313 — Total inventories, net $ 1,890,536 $ 1,556,552 (1) Includes all inventory types related to PGW's manufacturing and fabrication of original equipment manufacturer ("OEM") automotive glass parts. Aftermarket automotive glass products distributed by PGW are included within aftermarket and refurbished products above. The balance of glass manufacturing products as of June 30, 2016 is composed of $15.3 million of raw materials, $22.3 million of work in process, and $32.7 million of finished goods. Our U.S. glass manufacturing products inventory is stated at the lower of cost, using the first-in first-out method, or market. Our acquisitions completed during 2016, including our March 2016 acquisition of Rhiag and our April 2016 acquisition of PGW, and adjustments to preliminary valuations of inventory for certain of our 2015 acquisitions as of the acquisition date contributed $331.5 million to our aftermarket and refurbished products inventory, $0.7 million to our salvage and remanufactured products inventory, and $77.8 million to our glass manufacturing products inventory. See Note 2, "Business Combinations " for further information on our acquisitions. Property, Plant and Equipment Property, plant and equipment are recorded at cost less accumulated depreciation. Expenditures for major additions and improvements that extend the useful life of the related asset are capitalized. As property, plant and equipment are sold or retired, the applicable cost and accumulated depreciation are removed from the accounts and any resulting gain or loss thereon is recognized. Construction in progress consists primarily of building and land improvements at our existing facilities. Depreciation is calculated using the straight-line method over the estimated useful lives or, in the case of leasehold improvements, the term of the related lease and reasonably assured renewal periods, if shorter. Our estimated useful lives are as follows: Land improvements 10-20 years Buildings and improvements 20-40 years Machinery and equipment 3-20 years Computer equipment and software 3-10 years Vehicles and trailers 3-10 years Furniture and fixtures 5-7 years Property, plant and equipment consists of the following (in thousands): June 30, December 31, 2016 2015 Land and improvements $ 135,171 $ 118,420 Buildings and improvements 253,389 183,480 Machinery and equipment 574,195 355,313 Computer equipment and software 137,197 130,363 Vehicles and trailers 117,831 101,201 Furniture and fixtures 29,203 24,332 Leasehold improvements 150,086 140,732 1,397,072 1,053,841 Less—Accumulated depreciation (485,592 ) (437,946 ) Construction in progress 143,566 80,672 Total property, plant and equipment, net $ 1,055,046 $ 696,567 We record depreciation expense within Depreciation and Amortization on the Unaudited Condensed Consolidated Statements of Income. Additionally, included in Cost of Goods Sold on the Unaudited Condensed Consolidated Statements of Income is depreciation expense associated with our refurbishing, remanufacturing, and furnace operations, our distribution centers, and our glass manufacturing operations. Total depreciation expense during the six months ended June 30, 2016 and 2015 was $57.7 million and $45.2 million , respectively. Intangible Assets Intangible assets consist primarily of goodwill (the cost of purchased businesses in excess of the fair value of the identifiable net assets acquired) and other specifically identifiable intangible assets, such as trade names, trademarks, customer and supplier relationships, software and other technology related assets, and covenants not to compete. The changes in the carrying amount of goodwill by reportable segment during the six months ended June 30, 2016 are as follows (in thousands): North America Europe Specialty Glass Total Balance as of January 1, 2016 $ 1,445,850 $ 594,482 $ 278,914 $ — $ 2,319,246 Business acquisitions and adjustments to previously recorded goodwill 715 589,952 (448 ) 183,970 774,189 Exchange rate effects 6,729 (40,292 ) (384 ) — (33,947 ) Balance as of June 30, 2016 $ 1,453,294 $ 1,144,142 $ 278,082 $ 183,970 $ 3,059,488 During the six months ended June 30, 2016 , we recorded $585.1 million of goodwill related to our acquisition of Rhiag and $184.0 million related to our acquisition of PGW. See Note 2, "Business Combinations " for further information on our acquisitions. The components of other intangibles are as follows (in thousands): June 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trade names and trademarks $ 295,384 $ (49,152 ) $ 246,232 $ 172,219 $ (43,458 ) $ 128,761 Customer and supplier relationships 405,547 (60,752 ) 344,795 95,508 (41,007 ) 54,501 Software and other technology related assets 57,253 (23,219 ) 34,034 44,500 (17,844 ) 26,656 Covenants not to compete 11,719 (6,420 ) 5,299 10,774 (5,575 ) 5,199 $ 769,903 $ (139,543 ) $ 630,360 $ 323,001 $ (107,884 ) $ 215,117 The components of other intangibles acquired during the six months ended June 30, 2016 , are as follows (in thousands): Gross Amount Rhiag PGW Trade names and trademarks $ 124,074 $ 4,200 Customer and supplier relationships 290,766 24,500 Software and other technology related assets 9,914 1,026 Covenants not to compete — 1,400 $ 424,754 $ 31,126 Our estimated useful lives for our finite lived intangible assets are as follows: Method of Amortization Useful Life Trade names and trademarks Straight-line 4-30 years Customer and supplier relationships Accelerated 4-20 years Software and other technology related assets Straight-line 3-6 years Covenants not to compete Straight-line 1-5 years Amortization expense for intangible assets was $33.2 million and $16.5 million during the six months ended June 30, 2016 and 2015 , respectively. Estimated amortization expense for each of the five years in the period ending December 31, 2020 is $75.0 million , $85.9 million , $71.5 million , $58.7 million and $46.8 million , respectively. Warranty Reserve Some of our salvage mechanical products are sold with a standard six month warranty against defects. Additionally, some of our remanufactured engines are sold with a standard three year warranty against defects. We also provide a limited lifetime warranty for certain of our aftermarket products. We record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity. The changes in the warranty reserve are as follows (in thousands): Balance as of January 1, 2016 $ 17,363 Warranty expense 16,341 Warranty claims (14,256 ) Balance as of June 30, 2016 $ 19,448 Investments in Unconsolidated Subsidiaries In February 2016, we sold our investment in ACM Parts Pty Ltd. As part of the PGW acquisition, we obtained ownership interests in three joint ventures, including glass manufacturing operations in China and Mexico. Our investment in unconsolidated subsidiaries and our equity in the net earnings of the investees was not material as of and for the three and six months ended June 30, 2016. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"), which was amended in July 2015. This update outlines a new comprehensive revenue recognition model that supersedes most current revenue recognition guidance, and requires companies to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Entities adopting the standard have the option of using either a full retrospective or modified retrospective approach in the application of this guidance. ASU 2014-09 will be effective for the Company during the first quarter of our fiscal year 2018. Early adoption is permitted for annual reporting periods beginning after December 15, 2016. We are still evaluating the impact that ASU 2014-09 will have on our consolidated financial statements and related disclosures. In September 2015, the FASB issued Accounting Standards Update 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which requires an acquirer to recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustments are identified as opposed to recognition as if the accounting had been completed as of the acquisition date. The ASU also requires disclosure regarding amounts that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date. ASU 2015-16 became effective for the Company during the first quarter of our fiscal year 2016 and is being applied on a prospective basis. The measurement-period adjustments for our acquisitions and the related impact on earnings of any amounts that would have been recorded in previous periods are disclosed in Note 2, "Business Combinations ." In February 2016, the FASB issued Accounting Standards Update 2016-02, "Leases" ("ASU 2016-02"), t o increase transparency and comparability by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. The standard requires that entities apply the effects of these changes using a modified retrospective approach, which includes a number of optional practical expedients. We are still evaluating the impact that ASU 2016-02 will have on our consolidated financial statements and related disclosures. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" (“ASU 2016-09”), to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, classification on the statement of cash flows, the treatment of forfeitures, and calculation of earnings per share. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016; early adoption is permitted. In prior periods, we have generated excess tax benefits that under the new standard would reduce our effective tax rate. However, the future impact of adopting ASU 2016-09 will depend on a number of factors, including the timing of stock option exercises and the stock prices at the exercise and vesting dates.

Restructuring and Acquisition R

Restructuring and Acquisition Related Expenses	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Acquisition Related Expenses	Acquisition Related Expenses Acquisition related expenses, which include external costs such as legal, accounting, and advisory fees, totaled $3.0 million and $15.7 million for the three and six months ended June 30, 2016 . Of our 2016 expenses, $11.0 million was related to our acquisition of Rhiag, $3.9 million related to our acquisition of PGW, and $0.8 million was related to other completed and potential acquisitions. Acquisition related expenses incurred during the three and six months ended June 30, 2015 totaled $0.7 million and $1.3 million . The expenses incurred in the first half of 2015 were primarily related to our acquisitions of seven aftermarket distribution businesses in the Netherlands. Acquisition Integration Plans During the three and six months ended June 30, 2016 , we incurred $6.1 million and $8.2 million of restructuring expenses, respectively. Expenses incurred during the three and six months ended June 30, 2016 were primarily a result of the integration of our acquisition of Parts Channel into our existing North America wholesale business, the integration of our Coast acquisition into our existing Specialty business, and the integration of our Keystone Specialty acquisition into our existing North America wholesale business. Expenses incurred were primarily related to facility closure and relocation costs for duplicate facilities, the merger of existing facilities into larger distribution centers, and the termination of employees. During the three and six months ended June 30, 2015 , we incurred $0.9 million and $6.9 million of restructuring expenses, respectively. These expenses were primarily a result of the integration of our October 2014 acquisition of Stag Parkway Holding Company, a supplier of parts for recreational vehicles, into our Specialty business. Expenses incurred were primarily related to facility closure and relocation costs for duplicate facilities, and the termination of employees in connection with the consolidation of overlapping facilities with our existing business. We expect to incur expenses related to the integration of certain of our other acquisitions into our existing operations throughout 2016. These integration activities are expected to include the closure of duplicate facilities, rationalization of personnel in connection with the consolidation of overlapping facilities with our existing business and moving expenses. Future expenses to complete these integration plans are expected to be approximately $6.0 million ; this amount excludes any potential future restructuring expense related to our acquisitions of Rhiag and PGW.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	In order to attract and retain employees, non-employee directors, consultants, and other persons associated with us, we may grant qualified and nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance shares and performance units under the LKQ Corporation 1998 Equity Incentive Plan (the “Equity Incentive Plan”). We have granted RSUs, stock options, and restricted stock under the Equity Incentive Plan. We expect to issue new shares of common stock to cover past and future equity grants. RSUs RSUs vest over periods of up to five years, subject to a continued service condition. Currently outstanding RSUs contain either a time-based vesting condition or a combination of a performance-based vesting condition and a time-based vesting condition, in which case, both conditions must be met before any RSUs vest. For the RSUs containing a performance-based vesting condition, the Company must report positive diluted earnings per share, subject to certain adjustments, during any fiscal year period within five years following the grant date. Each RSU converts into one share of LKQ common stock on the applicable vesting date. The grant date fair value of RSUs is based on the market price of LKQ stock on the grant date. During the six months ended June 30, 2016 , we granted 976,318 RSUs to employees. The fair value of RSUs that vested during the six months ended June 30, 2016 was $16.1 million . The following table summarizes activity related to our RSUs under the Equity Incentive Plan for the six months ended June 30, 2016 : Number Outstanding Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (in thousands) (1) Unvested as of January 1, 2016 1,981,292 $ 24.19 $ 58,706 Granted 976,318 $ 29.05 Vested (605,151 ) $ 21.20 Forfeited / Canceled (53,449 ) $ 27.34 Unvested as of June 30, 2016 2,299,010 $ 26.96 $ 72,879 Expected to vest after June 30, 2016 2,198,889 $ 26.98 $ 69,705 (1) The aggregate intrinsic value of unvested and expected to vest RSUs represents the total pretax intrinsic value (the fair value of the Company's stock on the last day of each period multiplied by the number of units) that would have been received by the holders had all RSUs vested. This amount changes based on the market price of the Company’s common stock. Stock Options Stock options vest over periods of up to five years, subject to a continued service condition. Stock options expire either six or ten years from the date they are granted. No options were granted during the six months ended June 30, 2016 . The following table summarizes activity related to our stock options under the Equity Incentive Plan for the six months ended June 30, 2016 : Number Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) (1) Balance as of January 1, 2016 3,765,952 $ 8.63 2.9 $ 79,317 Exercised (692,610 ) $ 7.06 Forfeited / Canceled (9,364 ) $ 31.83 Balance as of June 30, 2016 3,063,978 $ 8.92 2.6 $ 69,851 Exercisable as of June 30, 2016 2,981,006 $ 8.27 2.6 $ 69,851 Exercisable as of June 30, 2016 and expected to vest thereafter 3,055,681 $ 8.86 2.6 $ 69,851 (1) The aggregate intrinsic value of outstanding, exercisable and expected to vest options represents the total pretax intrinsic value (the difference between the fair value of the Company's stock on the last day of each period and the exercise price, multiplied by the number of options where the fair value exceeds the exercise price) that would have been received by the option holders had all option holders exercised their options as of January 1, 2016 and June 30, 2016, respectively. This amount changes based on the market price of the Company’s common stock. The following table summarizes the components of pre-tax stock-based compensation expense (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 RSUs $ 5,480 $ 5,528 $ 11,359 $ 10,948 Stock options 29 40 66 166 Total stock-based compensation expense $ 5,509 $ 5,568 $ 11,425 $ 11,114 As of June 30, 2016 , unrecognized compensation expense related to unvested RSUs and stock options is $44.8 million and $0.1 million , respectively, and is expected to be recognized over weighted-average periods of 3.3 years and 0.5 years, respectively. Stock-based compensation expense related to these awards will be different to the extent the actual forfeiture rates are different from our estimated forfeiture rates.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	The following chart sets forth the computation of earnings per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Net Income $ 140,737 $ 119,722 $ 248,469 $ 226,817 Denominator for basic earnings per share—Weighted-average shares outstanding 306,718 304,286 306,437 304,145 Effect of dilutive securities: RSUs 646 732 584 700 Stock options 1,534 2,229 1,613 2,260 Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding 308,898 307,247 308,634 307,105 Earnings per share, basic $ 0.46 $ 0.39 $ 0.81 $ 0.75 Earnings per share, diluted $ 0.46 $ 0.39 $ 0.81 $ 0.74 The following table sets forth the number of employee stock-based compensation awards outstanding but not included in the computation of diluted earnings per share because their effect would have been antidilutive for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Antidilutive securities: RSUs — 310 112 323 Stock options — 98 44 99

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands): Three Months Ended Three Months Ended June 30, 2016 June 30, 2015 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Accumulated Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain on Pension Plan Accumulated Beginning balance $ (96,750 ) $ (500 ) $ (7,501 ) $ (104,751 ) $ (81,883 ) $ (3,118 ) $ (9,623 ) $ (94,624 ) Pretax (loss) income (73,257 ) (6,528 ) — (79,785 ) 44,510 (166 ) — 44,344 Income tax effect — 2,250 — 2,250 — 69 — 69 Reclassification of unrealized loss — 984 160 1,144 — 1,564 (27 ) 1,537 Reclassification of deferred income taxes — (320 ) (40 ) (360 ) — (549 ) 6 (543 ) Ending Balance $ (170,007 ) $ (4,114 ) $ (7,381 ) $ (181,502 ) $ (37,373 ) $ (2,200 ) $ (9,644 ) $ (49,217 ) Six Months Ended Six Months Ended June 30, 2016 June 30, 2015 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Accumulated Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain on Pension Plan Accumulated Beginning balance $ (96,890 ) $ (932 ) $ (7,648 ) $ (105,470 ) $ (27,073 ) $ (3,401 ) $ (9,751 ) $ (40,225 ) Pretax (loss) income (73,117 ) (6,672 ) — (79,789 ) (10,300 ) (1,239 ) — (11,539 ) Income tax effect — 2,278 — 2,278 — 439 — 439 Reclassification of unrealized loss — 1,790 357 2,147 — 3,085 143 3,228 Reclassification of deferred income taxes — (578 ) (90 ) (668 ) — (1,084 ) (36 ) (1,120 ) Ending Balance $ (170,007 ) $ (4,114 ) $ (7,381 ) $ (181,502 ) $ (37,373 ) $ (2,200 ) $ (9,644 ) $ (49,217 ) Unrealized losses on our interest rate swap contracts totaling $1.0 million and $1.8 million were reclassified to interest expense in our Unaudited Condensed Consolidated Statements of Income during the three and six months ended June 30, 2016 , respectively. During the three and six months ended June 30, 2015 , unrealized losses of $1.6 million and $3.1 million , respectively, related to our interest rate swaps were reclassified to interest expense. The deferred income taxes related to our cash flow hedges were reclassified from Accumulated Other Comprehensive Income to income tax expense.

Long-Term Obligations

Long-Term Obligations	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-Term Obligations	Long-Term Obligations consist of the following (in thousands): June 30, December 31, 2016 2015 Senior secured credit agreement: Term loans payable $ 750,707 $ 410,625 Revolving credit facilities 1,292,734 480,481 Senior notes 600,000 600,000 Euro notes 555,400 — Receivables securitization facility 93,520 63,000 Notes payable through October 2025 at weighted average interest rates of 2.3% and 2.2%, respectively 9,866 16,104 Other long-term debt at weighted average interest rates of 2.3% and 2.4%, respectively 59,457 29,485 Total debt 3,361,684 1,599,695 Less: long-term debt issuance costs (23,925 ) (13,533 ) Less: current debt issuance cost (2,298 ) (1,460 ) Total debt, net of issuance costs 3,335,461 1,584,702 Less: current maturities, net of debt issuance costs (60,832 ) (56,034 ) Long term debt, net of debt issuance costs $ 3,274,629 $ 1,528,668 Senior Secured Credit Agreement On January 29, 2016, LKQ Corporation, LKQ Delaware LLP, and certain other subsidiaries (collectively, the "Borrowers") entered into the Fourth Amended and Restated Credit Agreement ("Credit Agreement"), which amended the Company’s Third Amended and Restated Credit Agreement by modifying certain terms to (1) extend the maturity date by approximately two years to January 29, 2021; (2) increase the total availability under the credit agreement from $2.3 billion to $3.2 billion (composed of $2.45 billion in the revolving credit facility's multicurrency component; and $750 million of term loans, which consist of a term loan of approximately $500 million and a €230 million term loan); (3) increase our ability to incur additional indebtedness; and (4) make other immaterial or clarifying modifications and amendments to the terms of the Third Amended and Restated Credit Agreement. The additional term loan borrowing was used to repay outstanding revolver borrowings and the amount outstanding under our receivables securitization facility, and to pay fees and expenses relating to the amendment and restatement. The remaining additional term loan borrowing was used to fund the Rhiag acquisition. Amounts under the revolving credit facility are due and payable upon maturity of the Credit Agreement on January 29, 2021. Amounts under the initial and additional term loan borrowings will be due and payable in quarterly installments equal to 0.625% of the original principal amount on each of June 30, September 30, and December 31, 2016, and quarterly installments thereafter equal to 1.25% of the original principal amount beginning on March 31, 2017, with the remaining balance due and payable on the maturity date of the Credit Agreement. We are required to prepay the term loan by amounts equal to proceeds from the sale or disposition of certain assets if the proceeds are not reinvested within twelve months. We also have the option to prepay outstanding amounts under the Credit Agreement without penalty. The Credit Agreement contains customary representations and warranties, and contains customary covenants that provide limitations and conditions on our ability to enter into certain transactions. The Credit Agreement also contains financial and affirmative covenants, including limitations on our net leverage ratio and a minimum interest coverage ratio. Borrowings under the Credit Agreement bear interest at variable rates, which depend on the currency and duration of the borrowing elected, plus an applicable margin. The applicable margin is subject to change in increments of 0.25% depending on our net leverage ratio. Interest payments are due on the last day of the selected interest period or quarterly in arrears depending on the type of borrowing. Including the effect of the interest rate swap agreements described in Note 9, "Derivative Instruments and Hedging Activities ," the weighted average interest rates on borrowings outstanding under the Credit Agreement at June 30, 2016 and December 31, 2015 were 2.4% and 1.8% , respectively. We also pay a commitment fee based on the average daily unused amount of the revolving credit facilities. The commitment fee is subject to change in increments of 0.05% depending on our net leverage ratio. In addition, we pay a participation commission on outstanding letters of credit at an applicable rate based on our net leverage ratio, as well as a fronting fee of 0.125% to the issuing bank, which are due quarterly in arrears. Of the total borrowings outstanding under the Credit Agreement, $28.3 million and $22.5 million were classified as current maturities at June 30, 2016 and December 31, 2015 , respectively. As of June 30, 2016 , there were letters of credit outstanding in the aggregate amount of $71.9 million . The amounts available under the revolving credit facilities are reduced by the amounts outstanding under letters of credit, and thus availability under the revolving credit facilities at June 30, 2016 was $1.1 billion . Related to the execution of the Credit Agreement in January 2016, we incurred $6.1 million of fees, of which $5.0 million were capitalized as an offset to Long-Term Obligations and are amortized over the term of the agreement. The remaining $1.1 million of fees, together with $1.8 million of capitalized debt issuance costs related to our Third Amended and Restated Credit Agreement, were expensed during the six months ended June 30, 2016 as a loss on debt extinguishment. Senior Notes In April 2014, LKQ Corporation completed an offer to exchange $600 million aggregate principal amount of registered 4.75% Senior Notes due 2023 (the "Notes") for notes previously issued through a private placement. The Notes are governed by the Indenture dated as of May 9, 2013 among LKQ Corporation, certain of our subsidiaries (the "Guarantors") and U.S. Bank National Association, as trustee. The Notes are substantially identical to those previously issued through the private placement, except the Notes are registered under the Securities Act of 1933. The Notes bear interest at a rate of 4.75% per year from the most recent payment date on which interest has been paid or provided for. Interest on the Notes is payable in arrears on May 15 and November 15 of each year. The first interest payment was made on November 15, 2013. The Notes are fully and unconditionally guaranteed, jointly and severally, by the Guarantors. The Notes and the guarantees are, respectively, LKQ Corporation's and each Guarantor's senior unsecured obligations and are subordinated to all of LKQ Corporation's and the Guarantors' existing and future secured debt to the extent of the assets securing that secured debt. In addition, the Notes are effectively subordinated to all of the liabilities of our subsidiaries that are not guaranteeing the Notes to the extent of the assets of those subsidiaries. Repayment of Rhiag Acquired Debt and Debt Related Liabilities On March 24, 2016, LKQ Netherlands B.V., a wholly-owned subsidiary of ours, borrowed €508 million under our multi-currency revolving credit facility to repay the Rhiag acquired debt and debt related liabilities. The borrowed funds were passed through an intercompany note to Rhiag and then were used to pay (i) $519.6 million ( €465.0 million ) for the principal of Rhiag senior note debt assumed with the acquisition, (ii) accrued interest of $8.0 million ( €7.1 million ) on the notes, (iii) the call premium of $23.8 million ( €21.2 million ) associated with early redemption of the notes and (iv) $4.9 million ( €4.4 million ) to terminate Rhiag’s outstanding interest rate swap related to the floating portion of the notes. The call premium is recorded as a loss on debt extinguishment in the Unaudited Condensed Consolidated Statements of Income. Euro Notes On April 14, 2016, LKQ Italia Bondco S.p.A. (the “Issuer”), an indirect, wholly-owned subsidiary of LKQ Corporation, completed an offering of €500 million aggregate principal amount of senior notes due April 1, 2024 (the “Euro Notes”) in a private placement conducted pursuant to Regulation S and Rule 144A under the Securities Act of 1933. The proceeds from the offering were used to repay a portion of the revolver borrowings under the Credit Agreement and to pay related fees and expenses. The Euro Notes are governed by the Indenture dated as of April 14, 2016 (the “Indenture”) among the Issuer, LKQ Corporation and certain of our subsidiaries (the “Euro Notes Subsidiaries”), the trustee, and the paying agent, transfer agent, and registrar. The Euro Notes bear interest at a rate of 3.875% per year from the date of original issuance or from the most recent payment date on which interest has been paid or provided for. Interest on the Euro Notes is payable in arrears on April 1 and October 1 of each year, beginning on October 1, 2016. The Euro Notes are fully and unconditionally guaranteed by LKQ Corporation and the Euro Notes Subsidiaries (the "Euro Notes Guarantors"). The Euro Notes and the guarantees are, respectively, the Issuer’s and each Euro Notes Guarantor’s senior unsecured obligations and are subordinated to all of the Issuer's and the Euro Notes Guarantors’ existing and future secured debt to the extent of the assets securing that secured debt. In addition, the Euro Notes are effectively subordinated to all of the liabilities of our subsidiaries that are not guaranteeing the Euro Notes to the extent of the assets of those subsidiaries. The Euro Notes have been listed on the ExtraMOT, Professional Segment of the Borsa Italia S.p.A. securities exchange as well as the Global Exchange Market of the Irish Stock Exchange. Related to the execution of the Euro Notes in April 2016, we incurred $10.1 million of fees which were capitalized as an offset to Long-Term Obligations and are amortized over the term of the offering. Receivables Securitization Facility On September 29, 2014, we amended the terms of the receivables securitization facility with The Bank of Tokyo-Mitsubishi UFJ, LTD. ("BTMU") to: (i) extend the term of the facility to October 2, 2017; (ii) increase the maximum amount available to $97 million ; and (iii) make other clarifying and updating changes. Under the facility, LKQ sells an ownership interest in certain receivables, related collections and security interests to BTMU for the benefit of conduit investors and/or financial institutions for cash proceeds. Upon payment of the receivables by customers, rather than remitting to BTMU the amounts collected, LKQ retains such collections as proceeds for the sale of new receivables generated by certain of the ongoing operations of the Company. The sale of the ownership interest in the receivables is accounted for as a secured borrowing in our Unaudited Condensed Consolidated Balance Sheets, under which the receivables included in the program collateralize the amounts invested by BTMU, the conduit investors and/or financial institutions (the "Purchasers"). The receivables are held by LKQ Receivables Finance Company, LLC ("LRFC"), a wholly owned bankruptcy-remote special purpose subsidiary of LKQ, and therefore, the receivables are available first to satisfy the creditors of LRFC, including the investors. As of June 30, 2016 and December 31, 2015 , $135.2 million and $136.1 million , respectively, of net receivables were collateral for the investment under the receivables facility. Under the receivables facility, we pay variable interest rates plus a margin on the outstanding amounts invested by the Purchasers. The variable rates are based on (i) commercial paper rates, (ii) the London InterBank Offered Rate ("LIBOR"), or (iii) base rates, and are payable monthly in arrears. Commercial paper rates will be the applicable variable rate unless conduit investors are not available to invest in the receivables at commercial paper rates. In such case, financial institutions will invest at the LIBOR rate or at base rates. We also pay a commitment fee on the excess of the investment maximum over the average daily outstanding investment, payable monthly in arrears. As of June 30, 2016 , the interest rate under the receivables facility was based on commercial paper rates and was 1.3% . The outstanding balances of $93.5 million and $63.0 million as of June 30, 2016 and December 31, 2015 , respectively, were classified as long-term on the Unaudited Condensed Consolidated Balance Sheets because we have the ability and intent to refinance these borrowings on a long-term basis.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	We are exposed to market risks, including the effect of changes in interest rates, foreign currency exchange rates and commodity prices. Under our current policies, we use derivatives to manage our exposure to variable interest rates on our senior secured debt and changing foreign exchange rates for certain foreign currency denominated transactions. We do not hold or issue derivatives for trading purposes. Cash Flow Hedges At June 30, 2016 , we had interest rate swap agreements in place to hedge a portion of the variable interest rate risk on our variable rate borrowings under our Credit Agreement, with the objective of reducing the impact of interest rate fluctuations and stabilizing cash flows. Under the terms of the interest rate swap agreements, we pay the fixed interest rate and receive payment at a variable rate of interest based on LIBOR for the respective currency of each interest rate swap agreement’s notional amount. The effective portion of changes in the fair value of the interest rate swap agreements is recorded in Accumulated Other Comprehensive Income (Loss) and is reclassified to interest expense when the underlying interest payment has an impact on earnings. The ineffective portion of changes in the fair value of the interest rate swap agreements is reported in interest expense. Our interest rate swap contracts have maturity dates ranging from 2016 through 2021. In the first quarter of 2016, we entered into interest rate swap contracts representing a total of $440 million of U.S. dollar-denominated debt. In the second quarter of 2016, we entered into interest rate swap contracts representing a total of $150 million of U.S. dollar-denominated debt. The new swaps entered into in 2016 have maturity dates ranging from January to June 2021, and convert floating to fixed interest rates. From time to time, we may hold foreign currency forward contracts related to certain foreign currency denominated intercompany transactions, with the objective of reducing the impact of changing exchange rates on these future cash flows, as well as reducing the impact of fluctuating exchange rates on our results of operations through the respective dates of settlement. Under the terms of the foreign currency forward contracts, we will sell the foreign currency in exchange for U.S. dollars at a fixed rate on the maturity dates of the contracts. The effective portion of the changes in fair value of the foreign currency forward contracts is recorded in Accumulated Other Comprehensive Income (Loss) and reclassified to other income (expense) when the underlying transaction has an impact on earnings. The following table summarizes the notional amounts and fair values of our interest rate swaps that are designated cash flow hedges as of June 30, 2016 and December 31, 2015 (in thousands): Notional Amount Fair Value at June 30, 2016 (USD) Fair Value at December 31, 2015 (USD) June 30, 2016 December 31, 2015 Other Accrued Expenses Other Noncurrent Liabilities Other Accrued Expenses Interest rate swap agreements USD denominated $ 760,000 $ 170,000 $ 500 $ 5,715 $ 858 GBP denominated £ 50,000 £ 50,000 209 — 465 CAD denominated C$ — C$ 25,000 — — 24 Total cash flow hedges $ 709 $ 5,715 $ 1,347 While our derivative instruments executed with the same counterparty are subject to master netting arrangements, we present our cash flow hedge derivative instruments on a gross basis in our Unaudited Condensed Consolidated Balance Sheets. The impact of netting the fair values of these contracts would not have a material effect on our Unaudited Condensed Consolidated Balance Sheets at June 30, 2016 or December 31, 2015 . The activity related to our cash flow hedges is included in Note 7, "Accumulated Other Comprehensive Income (Loss) ." Ineffectiveness related to our cash flow hedges was immaterial to our results of operations during the three and six months ended June 30, 2016 and June 30, 2015 . We do not expect future ineffectiveness related to our cash flow hedges to have a material effect on our results of operations. As of June 30, 2016 , we estimate that $2.4 million of derivative losses (net of tax) included in Accumulated Other Comprehensive Loss will be reclassified into our consolidated statements of income within the next 12 months. Other Derivative Instruments We hold other short-term derivative instruments, including foreign currency forward contracts, to manage our exposure to variability related to inventory purchases and intercompany financing transactions denominated in a non-functional currency. We have elected not to apply hedge accounting for these transactions, and therefore the contracts are adjusted to fair value through our results of operations as of each balance sheet date, which could result in volatility in our earnings.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Financial Assets and Liabilities Measured at Fair Value We use the market and income approaches to value our financial assets and liabilities, and during the three and six months ended June 30, 2016 , there were no significant changes in valuation techniques or inputs related to the financial assets or liabilities that we have historically recorded at fair value. The tiers in the fair value hierarchy include: Level 1, defined as observable inputs such as quoted market prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of June 30, 2016 and December 31, 2015 (in thousands): Balance as of June 30, 2016 Fair Value Measurements as of June 30, 2016 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 33,574 $ — $ 33,574 $ — Total Assets $ 33,574 $ — $ 33,574 $ — Liabilities: Contingent consideration liabilities $ 3,134 $ — $ — $ 3,134 Deferred compensation liabilities 34,742 — 34,742 — Interest rate swaps 6,424 — 6,424 — Total Liabilities $ 44,300 $ — $ 41,166 $ 3,134 Balance as of December 31, 2015 Fair Value Measurements as of December 31, 2015 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 29,782 $ — $ 29,782 $ — Total Assets $ 29,782 $ — $ 29,782 $ — Liabilities: Contingent consideration liabilities $ 4,584 $ — $ — $ 4,584 Deferred compensation liabilities 30,336 — 30,336 — Interest rate swaps 1,347 — 1,347 — Total Liabilities $ 36,267 $ — $ 31,683 $ 4,584 The cash surrender value of life insurance is included in Other Assets on our Unaudited Condensed Consolidated Balance Sheets. The current portion of deferred compensation and contingent consideration liabilities is included in Other Current Liabilities, and the noncurrent portion is included in Other Noncurrent Liabilities on our Unaudited Condensed Consolidated Balance Sheets based on the expected timing of the related payments. The balance sheet classification of the interest rate swaps is presented in Note 9, "Derivative Instruments and Hedging Activities ." Our Level 2 assets and liabilities are valued using inputs from third parties and market observable data. We obtain valuation data for the cash surrender value of life insurance and deferred compensation liabilities from third party sources, which determine the net asset values for our accounts using quoted market prices, investment allocations and reportable trades. We value our derivative instruments using a third party valuation model that performs a discounted cash flow analysis based on the terms of the contracts and market observable inputs such as current and forward interest rates. Our contingent consideration liabilities are related to our business acquisitions as further described in Note 2, "Business Combinations ." Under the terms of the contingent consideration agreements, payments may be made at specified future dates depending on the performance of the acquired business subsequent to the acquisition. The liabilities for these payments are classified as Level 3 liabilities because the related fair value measurement, which is determined using an income approach, includes significant inputs not observable in the market. These liabilities are not considered material. Changes in the fair value of our contingent consideration obligations are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Beginning balance $ 3,079 $ 5,561 $ 4,584 $ 7,295 Payments — (538 ) (1,667 ) (2,205 ) Increase in fair value included in earnings 46 125 119 276 Exchange rate effects 9 43 98 (175 ) Balance as of June 30 $ 3,134 $ 5,191 $ 3,134 $ 5,191 All the amounts included in earnings for the three and six months ended June 30, 2016 were related to contingent consideration obligations outstanding as of June 30, 2016 . Of the amounts included in earnings for the three and six months ended June 30, 2015 , $0.1 million and $0.1 million of losses, respectively, were related to contingent consideration obligations outstanding as of June 30, 2016 . Changes in the values of the liabilities are recorded in Other expense (income), net on our Unaudited Condensed Consolidated Statements of Income. The changes in the fair value of contingent consideration obligations included in earnings during the respective periods in 2016 and 2015 reflect the quarterly reassessment of each obligation's fair value, including an analysis of the significant inputs used in the valuation, as well as the accretion of the present value discount. Financial Assets and Liabilities Not Measured at Fair Value Our debt is reflected on the Unaudited Condensed Consolidated Balance Sheets at cost. Based on market conditions as of June 30, 2016 and December 31, 2015 , the fair values of our credit agreement borrowings reasonably approximated the carrying values of $2.0 billion and $891.1 million , respectively. In addition, based on market conditions, the fair value of the outstanding borrowings under the receivables facility reasonably approximated the carrying value of $93.5 million and $63.0 million at June 30, 2016 and December 31, 2015 , respectively. As of June 30, 2016 and December 31, 2015 , the fair value of the Notes was approximately $587.9 million and $567.3 million , respectively, compared to a carrying value of $600 million . As of June 30, 2016 , the fair value of the Euro Notes was approximately $573.1 million compared to a carrying value of $555.4 million . The fair value measurements of the borrowings under our credit agreement and receivables facility are classified as Level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market, including interest rates on recent financing transactions with similar terms and maturities. We estimated the fair value by calculating the upfront cash payment a market participant would require at June 30, 2016 to assume these obligations. The fair value of our Notes is classified as Level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market. The fair value of our Euro Notes is determined based upon observable market inputs including quoted market prices in a market that is not active, and therefore is classified as Level 2 within the fair value hierarchy.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Operating Leases We are obligated under noncancelable operating leases for corporate office space, warehouse and distribution facilities, trucks and certain equipment. The future minimum lease commitments under these leases at June 30, 2016 are as follows (in thousands): Six months ending December 31, 2016 $ 97,039 Years ending December 31: 2017 172,688 2018 142,782 2019 114,178 2020 92,563 2021 70,136 Thereafter 351,954 Future Minimum Lease Payments $ 1,041,340 Litigation and Related Contingencies We have certain contingencies resulting from litigation, claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business. We currently expect that the resolution of such contingencies will not materially affect our financial position, results of operations or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	At the end of each interim period, we estimate our annual effective tax rate and apply that rate to our interim earnings. We also record the tax impact of certain unusual or infrequently occurring items, including changes in judgment about valuation allowances and the effects of changes in tax laws or rates, in the interim period in which they occur. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including, but not limited to, the expected operating income for the year, projections of the proportion of income earned and taxed in state and foreign jurisdictions, permanent and temporary differences between book and taxable income, and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained or as the tax environment changes. Our effective income tax rate for the six months ended June 30, 2016 was 34.8% , compared with 35.2% for the comparable prior year period. The lower effective income tax rate for the six months ended June 30, 2016 reflects our expected geographic distribution of income, with a slightly larger proportion of our pre-tax income expected to be earned in the typically lower tax rate international jurisdictions. In addition, the tax provision for the first six months of 2015 included unfavorable discrete items of $0.3 million primarily attributable to U.S. state deferred tax adjustments; discrete items for the six months ended June 30, 2016 were immaterial. Our acquisitions completed during the first half of 2016, including our March 2016 acquisition of Rhiag and our April 2016 acquisition of PGW, contributed $29.6 million and $136.5 million of deferred tax assets and liabilities, respectively, relating to intangible assets; property, plant and equipment; and reserves, including pension and other post-retirement benefit obligations.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment and Geographic Information	We have five operating segments: Wholesale – North America; Europe; Specialty; Glass; and Self Service. Our Glass operating segment was formed with our April 21, 2016 acquisition of PGW, as discussed in Note 2, "Business Combinations ." Our Wholesale – North America and Self Service operating segments are aggregated into one reportable segment, North America, because they possess similar economic characteristics and have common products and services, customers, and methods of distribution. Our reportable segments are organized based on a combination of geographic areas served and type of product lines offered. The reportable segments are managed separately as each business serves different customers (i.e. geographic in the case of North America and Europe and product type in the case of Specialty and Glass) and is affected by different economic conditions. Therefore, we present four reportable segments: North America, Europe, Specialty and Glass. The following tables present our financial performance by reportable segment for the periods indicated (in thousands): North America Europe Specialty Glass Eliminations Consolidated Three Months Ended June 30, 2016 Revenue: Third Party $ 1,080,401 $ 824,216 $ 335,972 $ 210,104 $ — $ 2,450,693 Intersegment 119 (10 ) 1,094 74 (1,277 ) — Total segment revenue $ 1,080,520 $ 824,206 $ 337,066 $ 210,178 $ (1,277 ) $ 2,450,693 Segment EBITDA $ 163,825 $ 89,982 $ 41,792 $ 23,301 $ — $ 318,900 Depreciation and amortization (1) 17,622 28,280 5,283 6,531 — 57,716 Three Months Ended June 30, 2015 Revenue: Third Party $ 1,044,779 $ 509,833 $ 283,458 $ — $ — $ 1,838,070 Intersegment 372 70 872 — (1,314 ) — Total segment revenue $ 1,045,151 $ 509,903 $ 284,330 $ — $ (1,314 ) $ 1,838,070 Segment EBITDA $ 138,880 $ 53,943 $ 40,198 $ — $ — $ 233,021 Depreciation and amortization (1) 17,249 8,704 5,092 — — 31,045 North America Europe Specialty Glass Eliminations Consolidated Six Months Ended June 30, 2016 Revenue: Third Party $ 2,167,764 $ 1,370,967 $ 623,334 $ 210,104 $ — $ 4,372,169 Intersegment 333 — 2,045 74 (2,452 ) — Total segment revenue $ 2,168,097 $ 1,370,967 $ 625,379 $ 210,178 $ (2,452 ) $ 4,372,169 Segment EBITDA $ 311,200 $ 147,480 $ 73,530 $ 23,301 $ — $ 555,511 Depreciation and amortization (1) 35,137 38,588 10,626 6,531 — 90,882 Six Months Ended June 30, 2015 Revenue: Third Party $ 2,090,858 $ 997,179 $ 523,945 $ — $ — $ 3,611,982 Intersegment 466 70 1,607 — (2,143 ) — Total segment revenue $ 2,091,324 $ 997,249 $ 525,552 $ — $ (2,143 ) $ 3,611,982 Segment EBITDA $ 288,268 $ 100,466 $ 65,602 $ — $ — $ 454,336 Depreciation and amortization (1) 34,515 17,055 10,144 — — 61,714 (1) Amounts presented include depreciation and amortization expense recorded within cost of goods sold. The key measure of segment profit or loss reviewed by our chief operating decision maker, who is our Chief Executive Officer, is Segment EBITDA. Segment EBITDA includes revenue and expenses that are controllable by the segment. Corporate and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned based on the segment's percentage of consolidated revenue. Segment EBITDA is calculated as EBITDA excluding restructuring and acquisition related expenses, change in fair value of contingent consideration liabilities, other acquisition related gains and losses (including inventory step-up adjustments related to acquisitions) and equity in earnings of unconsolidated subsidiaries. EBITDA, which is the basis for Segment EBITDA, is calculated as net income excluding depreciation, amortization, interest (including loss on debt extinguishment) and taxes. Loss on debt extinguishment is considered a component of interest in calculating EBITDA. The table below provides a reconciliation from Segment EBITDA to Net Income (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Segment EBITDA $ 318,900 $ 233,021 $ 555,511 $ 454,336 Deduct: Restructuring and acquisition related expenses (1) 9,080 1,663 23,891 8,151 Inventory step-up adjustment - acquisition related (2) 10,213 — 10,213 — Change in fair value of contingent consideration liabilities (3) 46 125 119 276 Add: Equity in earnings of unconsolidated subsidiaries 147 (1,162 ) (215 ) (3,070 ) Gains on foreign exchange contracts - acquisition related (4) — — 18,342 — EBITDA 299,708 230,071 539,415 442,839 Depreciation and amortization - cost of goods sold 5,187 1,263 6,665 2,479 Depreciation and amortization 52,529 29,782 84,217 59,235 Interest expense, net 26,381 14,622 40,973 29,528 Loss on debt extinguishment — — 26,650 — Provision for income taxes 74,874 64,682 132,441 124,780 Net income $ 140,737 $ 119,722 $ 248,469 $ 226,817 (1) See Note 4, "Restructuring and Acquisition Related Expenses ," for further information. (2) Reflects the impact on Cost of Goods Sold of the step-up acquisition adjustment to record PGW inventory at its fair value. (3) See Note 10, "Fair Value Measurements ," for further information on our contingent consideration liabilities. (4) Reflects gains on foreign currency forwards used to fix the Euro purchase price of Rhiag. See Note 2, "Business Combinations ," for further information. The following table presents capital expenditures by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Capital Expenditures North America $ 19,448 $ 14,744 $ 42,231 $ 30,147 Europe 21,444 22,303 40,551 30,172 Specialty 2,150 3,620 10,653 6,444 Glass 8,884 — 8,884 — $ 51,926 $ 40,667 $ 102,319 $ 66,763 The following table presents assets by reportable segment (in thousands): June 30, December 31, 2016 2015 Receivables, net North America $ 331,359 $ 314,743 Europe (1) 444,064 215,710 Specialty 99,871 59,707 Glass (1) 119,859 — Total receivables, net 995,153 590,160 Inventories, net North America 807,132 847,787 Europe (1) 613,928 427,323 Specialty 305,396 281,442 Glass (1) 164,080 — Total inventories, net 1,890,536 1,556,552 Property, Plant and Equipment, net North America 479,907 467,961 Europe (1) 242,741 175,455 Specialty 58,443 53,151 Glass (1) 273,955 — Total property, plant and equipment, net 1,055,046 696,567 Other unallocated assets 4,245,209 2,804,558 Total assets $ 8,185,944 $ 5,647,837 (1) The increase in assets for our Europe and Glass segments primarily relates to the Rhiag and PGW acquisitions, respectively (see " Note 2, "Business Combinations " for further detail). We report net receivables, inventories, and net property, plant and equipment by segment as that information is used by the chief operating decision maker in assessing segment performance. These assets provide a measure for the operating capital employed in each segment. Unallocated assets include cash, prepaid and other current and noncurrent assets, goodwill, intangibles and deferred income taxes. The majority of our operations are conducted in the U.S. Our European operations are located in the U.K., the Netherlands, Belgium, France, Sweden, and Norway. As part of the Rhiag and PGW acquisitions we expanded our operations into Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland, Spain, and Germany. Our operations in other countries include recycled and aftermarket operations in Canada, engine remanufacturing and bumper refurbishing operations in Mexico, an aftermarket parts freight consolidation warehouse in Taiwan, and administrative support functions in India. Our net sales are attributed to geographic area based on the location of the selling operation. The following table sets forth our revenue by geographic area (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue United States $ 1,483,840 $ 1,228,424 $ 2,768,807 $ 2,423,369 United Kingdom 358,266 347,064 707,942 690,671 Other countries 608,587 262,582 895,420 497,942 $ 2,450,693 $ 1,838,070 $ 4,372,169 $ 3,611,982 The following table sets forth our tangible long-lived assets by geographic area (in thousands): June 30, December 31, 2016 2015 Long-lived Assets United States $ 749,504 $ 493,300 United Kingdom 147,556 138,546 Other countries 157,986 64,721 $ 1,055,046 $ 696,567 The following table sets forth our revenue by product category (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Aftermarket, other new and refurbished products $ 1,756,334 $ 1,296,168 $ 3,144,070 $ 2,542,639 Recycled, remanufactured and related products and services 435,023 408,180 865,612 806,625 Manufactured products (1) 140,632 — 140,632 — Other 118,704 133,722 221,855 262,718 $ 2,450,693 $ 1,838,070 $ 4,372,169 $ 3,611,982 (1) Includes sales of PGW's manufactured and fabricated OEM automotive glass products. Sales of PGW's aftermarket automotive glass products are included within Aftermarket, other new and refurbished products above. Our North American reportable segment generates revenue from all of our product categories, except manufactured products, while our European and Specialty segments generate revenue primarily from the sale of aftermarket products. Our Glass segment generates revenue from both the sale of aftermarket products and the sale of manufactured products. Revenue from other sources includes scrap sales, bulk sales to mechanical remanufacturers (including cores) and sales of aluminum ingots and sows from our furnace operations.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2016
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Financial Information	LKQ Corporation (the "Parent") issued, and the Guarantors have fully and unconditionally guaranteed, jointly and severally, the Notes due on May 15, 2023. A Guarantor's guarantee will be unconditionally and automatically released and discharged upon the occurrence of any of the following events: (i) a transfer (including as a result of consolidation or merger) by the Guarantor to any person that is not a Guarantor of all or substantially all assets and properties of such Guarantor, provided the Guarantor is also released from its obligations with respect to indebtedness under the Credit Agreement or other indebtedness of ours, which obligation gave rise to the guarantee of the Notes; (ii) a transfer (including as a result of consolidation or merger) to any person that is not a Guarantor of the equity interests of a Guarantor or issuance by a Guarantor of its equity interests such that the Guarantor ceases to be a subsidiary, as defined in the Indenture, provided the Guarantor is also released from its obligations with respect to indebtedness under the Credit Agreement or other indebtedness of ours, which obligation gave rise to the guarantee of the Notes; (iii) the release of the Guarantor from its obligations with respect to indebtedness under the Credit Agreement or other indebtedness of ours, which obligation gave rise to the guarantee of the Notes; and (iv) upon legal defeasance, covenant defeasance or satisfaction and discharge of the Indenture, as defined in the Indenture. Presented below are the unaudited condensed consolidating financial statements of the Parent, the Guarantors, the non-guarantor subsidiaries (the "Non-Guarantors"), and the elimination entries necessary to present the Company's financial statements on a consolidated basis as required by Rule 3-10 of Regulation S-X of the Securities Exchange Act of 1934 resulting from the guarantees of the Notes. Investments in consolidated subsidiaries have been presented under the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries, intercompany balances, and intercompany revenue and expenses. The unaudited condensed consolidating financial statements below have been prepared from the Company's financial information on the same basis of accounting as the unaudited condensed consolidated financial statements, and may not necessarily be indicative of the financial position, results of operations or cash flows had the Parent, Guarantors and Non-Guarantors operated as independent entities. LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Balance Sheets (In thousands) June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current Assets: Cash and equivalents $ 52,144 $ 31,140 $ 189,919 $ — $ 273,203 Receivables, net — 372,413 622,740 — 995,153 Intercompany receivables, net 14,864 11,224 — (26,088 ) — Inventories, net — 1,203,556 686,980 — 1,890,536 Prepaid expenses and other current assets 2,083 53,520 83,933 — 139,536 Total Current Assets 69,091 1,671,853 1,583,572 (26,088 ) 3,298,428 Property, Plant and Equipment, net 271 743,265 311,510 — 1,055,046 Intangible Assets: Goodwill — 1,825,033 1,234,455 — 3,059,488 Other intangibles, net — 161,257 469,103 — 630,360 Investment in Subsidiaries 5,038,195 278,799 — (5,316,994 ) — Intercompany Notes Receivable 1,130,732 780,340 — (1,911,072 ) — Other Assets 41,418 80,687 28,361 (7,844 ) 142,622 Total Assets $ 6,279,707 $ 5,541,234 $ 3,627,001 $ (7,261,998 ) $ 8,185,944 Liabilities and Stockholders’ Equity Current Liabilities: Accounts payable $ 1,669 $ 355,545 $ 377,924 $ — $ 735,138 Intercompany payables, net — — 26,088 (26,088 ) — Accrued expenses: Accrued payroll-related liabilities 4,726 48,724 49,512 — 102,962 Other accrued expenses 5,085 90,554 133,017 — 228,656 Other current liabilities 283 16,820 23,691 — 40,794 Current portion of long-term obligations 19,262 2,826 38,744 — 60,832 Total Current Liabilities 31,025 514,469 648,976 (26,088 ) 1,168,382 Long-Term Obligations, Excluding Current Portion 2,146,730 8,449 1,119,450 — 3,274,629 Intercompany Notes Payable 750,000 1,114,430 46,642 (1,911,072 ) — Deferred Income Taxes — 111,766 121,416 (7,844 ) 225,338 Other Noncurrent Liabilities 44,313 124,822 40,821 — 209,956 Stockholders’ Equity 3,307,639 3,667,298 1,649,696 (5,316,994 ) 3,307,639 Total Liabilities and Stockholders' Equity $ 6,279,707 $ 5,541,234 $ 3,627,001 $ (7,261,998 ) $ 8,185,944 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Balance Sheets (In thousands) December 31, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current Assets: Cash and equivalents $ 17,616 $ 13,432 $ 56,349 $ — $ 87,397 Receivables, net — 214,502 375,658 — 590,160 Intercompany receivables, net 3 — 13,544 (13,547 ) — Inventories, net — 1,060,834 495,718 — 1,556,552 Prepaid expenses and other current assets 15,254 44,810 46,539 — 106,603 Total Current Assets 32,873 1,333,578 987,808 (13,547 ) 2,340,712 Property, Plant and Equipment, net 339 494,658 201,570 — 696,567 Intangible Assets: Goodwill — 1,640,745 678,501 — 2,319,246 Other intangibles, net — 141,537 73,580 — 215,117 Investment in Subsidiaries 3,456,837 285,284 — (3,742,121 ) — Intercompany Notes Receivable 630,717 61,764 — (692,481 ) — Other Assets 35,649 28,184 18,218 (5,856 ) 76,195 Total Assets $ 4,156,415 $ 3,985,750 $ 1,959,677 $ (4,454,005 ) $ 5,647,837 Liabilities and Stockholders’ Equity Current Liabilities: Accounts payable $ 681 $ 229,519 $ 185,388 $ — $ 415,588 Intercompany payables, net — 13,544 3 (13,547 ) — Accrued expenses: Accrued payroll-related liabilities 4,395 48,698 33,434 — 86,527 Other accrued expenses 5,399 80,886 75,940 — 162,225 Other current liabilities 284 15,953 15,359 — 31,596 Current portion of long-term obligations 21,041 1,425 33,568 — 56,034 Total Current Liabilities 31,800 390,025 343,692 (13,547 ) 751,970 Long-Term Obligations, Excluding Current Portion 976,353 7,487 544,828 — 1,528,668 Intercompany Notes Payable — 615,488 76,993 (692,481 ) — Deferred Income Taxes — 113,905 19,190 (5,856 ) 127,239 Other Noncurrent Liabilities 33,580 70,109 21,589 — 125,278 Stockholders’ Equity 3,114,682 2,788,736 953,385 (3,742,121 ) 3,114,682 Total Liabilities and Stockholders’ Equity $ 4,156,415 $ 3,985,750 $ 1,959,677 $ (4,454,005 ) $ 5,647,837 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Three Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 1,530,947 $ 953,917 $ (34,171 ) $ 2,450,693 Cost of goods sold — 951,356 611,561 (34,171 ) 1,528,746 Gross margin — 579,591 342,356 — 921,947 Facility and warehouse expenses — 118,649 60,021 — 178,670 Distribution expenses — 118,321 66,010 — 184,331 Selling, general and administrative expenses 8,887 132,488 112,778 — 254,153 Restructuring and acquisition related expenses — 7,082 1,998 — 9,080 Depreciation and amortization 33 23,461 29,035 — 52,529 Operating (loss) income (8,920 ) 179,590 72,514 — 243,184 Other expense (income): Interest expense (income), net 17,804 (309 ) 8,886 — 26,381 Intercompany interest (income) expense, net (2,355 ) 2,376 (21 ) — — Other expense (income), net 33 (284 ) 1,590 — 1,339 Total other expense, net 15,482 1,783 10,455 — 27,720 (Loss) income before (benefit) provision for income taxes (24,402 ) 177,807 62,059 — 215,464 (Benefit) provision for income taxes (9,384 ) 72,019 12,239 — 74,874 Equity in earnings of unconsolidated subsidiaries — 347 (200 ) — 147 Equity in earnings of subsidiaries 155,755 431 — (156,186 ) — Net income $ 140,737 $ 106,566 $ 49,620 $ (156,186 ) $ 140,737 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Three Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 1,269,541 $ 599,744 $ (31,215 ) $ 1,838,070 Cost of goods sold — 770,026 375,315 (31,215 ) 1,114,126 Gross margin — 499,515 224,429 — 723,944 Facility and warehouse expenses — 100,289 36,090 — 136,379 Distribution expenses — 102,753 47,286 — 150,039 Selling, general and administrative expenses 8,761 119,958 77,077 — 205,796 Restructuring and acquisition related expenses — 1,185 478 — 1,663 Depreciation and amortization 39 19,873 9,870 — 29,782 Operating (loss) income (8,800 ) 155,457 53,628 — 200,285 Other expense (income): Interest expense (income), net 12,241 (172 ) 2,553 — 14,622 Intercompany interest (income) expense, net (10,378 ) 7,056 3,322 — — Other expense (income), net 2 (1,106 ) 1,201 — 97 Total other expense, net 1,865 5,778 7,076 — 14,719 (Loss) income before (benefit) provision for income taxes (10,665 ) 149,679 46,552 — 185,566 (Benefit) provision for income taxes (4,294 ) 59,495 9,481 — 64,682 Equity in earnings of unconsolidated subsidiaries — 19 (1,181 ) — (1,162 ) Equity in earnings of subsidiaries 126,093 7,335 — (133,428 ) — Net income $ 119,722 $ 97,538 $ 35,890 $ (133,428 ) $ 119,722 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Six Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 2,849,114 $ 1,589,554 $ (66,499 ) $ 4,372,169 Cost of goods sold — 1,746,596 1,009,688 (66,499 ) 2,689,785 Gross margin — 1,102,518 579,866 — 1,682,384 Facility and warehouse expenses — 233,859 102,416 — 336,275 Distribution expenses — 222,475 114,199 — 336,674 Selling, general and administrative expenses 19,266 259,156 194,049 — 472,471 Restructuring and acquisition related expenses — 11,118 12,773 — 23,891 Depreciation and amortization 69 44,005 40,143 — 84,217 Operating (loss) income (19,335 ) 331,905 116,286 — 428,856 Other expense (income): Interest expense (income), net 29,921 (166 ) 11,218 — 40,973 Intercompany interest (income) expense, net (13,032 ) 8,966 4,066 — — Loss on debt extinguishment 2,894 — 23,756 — 26,650 Gains on foreign exchange contracts - acquisition related (18,342 ) — — — (18,342 ) Other (income) expense, net (78 ) (3,084 ) 1,612 — (1,550 ) Total other expense, net 1,363 5,716 40,652 — 47,731 (Loss) income before (benefit) provision for income taxes (20,698 ) 326,189 75,634 — 381,125 (Benefit) provision for income taxes (7,961 ) 125,464 14,938 — 132,441 Equity in earnings of unconsolidated subsidiaries (795 ) 352 228 — (215 ) Equity in earnings of subsidiaries 262,001 12,373 — (274,374 ) — Net income $ 248,469 $ 213,450 $ 60,924 $ (274,374 ) $ 248,469 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Six Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 2,495,449 $ 1,182,687 $ (66,154 ) $ 3,611,982 Cost of goods sold — 1,510,829 743,884 (66,154 ) 2,188,559 Gross margin — 984,620 438,803 — 1,423,423 Facility and warehouse expenses — 198,050 70,986 — 269,036 Distribution expenses — 198,745 93,008 — 291,753 Selling, general and administrative expenses 16,392 241,620 151,025 — 409,037 Restructuring and acquisition related expenses — 7,245 906 — 8,151 Depreciation and amortization 79 39,764 19,392 — 59,235 Operating (loss) income (16,471 ) 299,196 103,486 — 386,211 Other expense (income): Interest expense (income), net 24,555 (129 ) 5,102 — 29,528 Intercompany interest (income) expense, net (21,201 ) 14,315 6,886 — — Other expense (income), net 27 (2,841 ) 4,830 — 2,016 Total other expense, net 3,381 11,345 16,818 — 31,544 (Loss) income before (benefit) provision for income taxes (19,852 ) 287,851 86,668 — 354,667 (Benefit) provision for income taxes (8,049 ) 115,272 17,557 — 124,780 Equity in earnings of unconsolidated subsidiaries — 30 (3,100 ) — (3,070 ) Equity in earnings of subsidiaries 238,620 14,595 — (253,215 ) — Net income $ 226,817 $ 187,204 $ 66,011 $ (253,215 ) $ 226,817 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Three Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 140,737 $ 106,566 $ 49,620 $ (156,186 ) $ 140,737 Other comprehensive (loss) income: Foreign currency translation (73,257 ) (15,116 ) (73,830 ) 88,946 (73,257 ) Net change in unrecognized gains/losses on derivative instruments, net of tax (3,614 ) — 99 (99 ) (3,614 ) Net change in unrealized gains/losses on pension plans, net of tax 120 — 120 (120 ) 120 Total other comprehensive loss (76,751 ) (15,116 ) (73,611 ) 88,727 (76,751 ) Total comprehensive income (loss) $ 63,986 $ 91,450 $ (23,991 ) $ (67,459 ) $ 63,986 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Three Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 119,722 $ 97,538 $ 35,890 $ (133,428 ) $ 119,722 Other comprehensive income (loss): Foreign currency translation 44,510 13,134 44,216 (57,350 ) 44,510 Net change in unrecognized gains/losses on derivative instruments, net of tax 918 — 191 (191 ) 918 Change in unrealized gain on pension plans, net of tax (21 ) — (21 ) 21 (21 ) Total other comprehensive income 45,407 13,134 44,386 (57,520 ) 45,407 Total comprehensive income $ 165,129 $ 110,672 $ 80,276 $ (190,948 ) $ 165,129 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Six Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 248,469 $ 213,450 $ 60,924 $ (274,374 ) $ 248,469 Other comprehensive (loss) income: Foreign currency translation (73,117 ) (17,971 ) (76,869 ) 94,840 (73,117 ) Net change in unrecognized gains/losses on derivative instruments, net of tax (3,182 ) — 195 (195 ) (3,182 ) Net change in unrealized gains/losses on pension plans, net of tax 267 — 267 (267 ) 267 Total other comprehensive loss (76,032 ) (17,971 ) (76,407 ) 94,378 (76,032 ) Total comprehensive income (loss) $ 172,437 $ 195,479 $ (15,483 ) $ (179,996 ) $ 172,437 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Six Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 226,817 $ 187,204 $ 66,011 $ (253,215 ) $ 226,817 Other comprehensive (loss) income: Foreign currency translation (10,300 ) (1,238 ) (8,583 ) 9,821 (10,300 ) Net change in unrecognized gains/losses on derivative instruments, net of tax 1,201 — 129 (129 ) 1,201 Change in unrealized gains/losses on pension plans, net of tax 107 — 107 (107 ) 107 Total other comprehensive loss (8,992 ) (1,238 ) (8,347 ) 9,585 (8,992 ) Total comprehensive income $ 217,825 $ 185,966 $ 57,664 $ (243,630 ) $ 217,825 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Cash Flows (In thousands) For the Six Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by operating activities $ 136,098 $ 300,978 $ 66,346 $ (148,192 ) $ 355,230 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property, plant and equipment (2 ) (57,742 ) (44,575 ) — (102,319 ) Investment and intercompany note activity with subsidiaries (1,293,298 ) (34,448 ) — 1,327,746 — Acquisitions, net of cash acquired — (661,852 ) (606,989 ) — (1,268,841 ) Proceeds from foreign exchange contracts 18,342 — — — 18,342 Other investing activities, net — 400 10,913 — 11,313 Net cash used in investing activities (1,274,958 ) (753,642 ) (640,651 ) 1,327,746 (1,341,505 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 4,889 — — — 4,889 Excess tax benefit from stock-based payments 6,685 — — — 6,685 Taxes paid related to net share settlements of stock-based compensation awards (2,281 ) — — — (2,281 ) Debt issuance costs (7,100 ) — (9,071 ) — (16,171 ) Proceeds from issuance of Euro notes — — 563,450 — 563,450 Borrowings under revolving credit facilities 1,204,000 — 618,020 — 1,822,020 Repayments under revolving credit facilities (119,000 ) — (893,362 ) — (1,012,362 ) Borrowings under term loans 89,317 — 249,161 — 338,478 Repayments under term loans (3,122 ) — (1,599 ) — (4,721 ) Borrowings under receivables securitization facility — — 97,000 — 97,000 Repayments under receivables securitization facility — — (66,480 ) — (66,480 ) Repayments of other debt, net — (1,657 ) (6,167 ) — (7,824 ) Repayment of Rhiag debt and related payments — — (543,347 ) — (543,347 ) Payments of other obligations — (1,371 ) — — (1,371 ) Investment and intercompany note activity with parent — 621,619 706,127 (1,327,746 ) — Dividends — (148,192 ) — 148,192 — Net cash provided by financing activities 1,173,388 470,399 713,732 (1,179,554 ) 1,177,965 Effect of exchange rate changes on cash and equivalents — (27 ) (5,857 ) — (5,884 ) Net increase in cash and equivalents 34,528 17,708 133,570 — 185,806 Cash and equivalents, beginning of period 17,616 13,432 56,349 — 87,397 Cash and equivalents, end of period $ 52,144 $ 31,140 $ 189,919 $ — $ 273,203 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Cash Flows (In thousands) For the Six Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by operating activities $ 121,024 $ 188,713 $ 89,630 $ (116,668 ) $ 282,699 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property, plant and equipment (3 ) (34,791 ) (31,969 ) — (66,763 ) Investment and intercompany note activity with subsidiaries 30,818 — — (30,818 ) — Acquisitions, net of cash acquired — (6,583 ) (30,625 ) — (37,208 ) Other investing activities, net — 585 (5,794 ) — (5,209 ) Net cash provided by (used in) investing activities 30,815 (40,789 ) (68,388 ) (30,818 ) (109,180 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 3,288 — — — 3,288 Excess tax benefit from stock-based payments 6,737 — — — 6,737 Taxes paid related to net share settlements of stock-based compensation awards (5,243 ) — — — (5,243 ) Borrowings under revolving credit facilities 132,000 — 67,621 — 199,621 Repayments under revolving credit facilities (215,000 ) — (79,276 ) — (294,276 ) Repayments under term loans (11,250 ) — — — (11,250 ) Borrowings under receivables securitization facility — — 2,100 — 2,100 Repayments under receivables securitization facility — — (1,758 ) — (1,758 ) Repayments of other debt, net (31,500 ) (596 ) (9,994 ) — (42,090 ) Payments of other obligations — (2,050 ) — — (2,050 ) Investment and intercompany note activity with parent — (32,051 ) 1,233 30,818 — Dividends — (116,668 ) — 116,668 — Net cash used in financing activities (120,968 ) (151,365 ) (20,074 ) 147,486 (144,921 ) Effect of exchange rate changes on cash and equivalents — 53 167 — 220 Net increase (decrease) in cash and equivalents 30,871 (3,388 ) 1,335 — 28,818 Cash and equivalents, beginning of period 14,930 32,103 67,572 — 114,605 Cash and equivalents, end of period $ 45,801 $ 28,715 $ 68,907 $ — $ 143,423

Financial Statement Informati22

Financial Statement Information (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition The majority of our revenue is derived from the sale of vehicle parts. Revenue is recognized when the products are shipped to, delivered to or picked up by customers and title has transferred, subject to an allowance for estimated returns, discounts and allowances that we estimate based upon historical information. We recorded a reserve for estimated returns, discounts and allowances of approximately $36.3 million and $32.8 million at June 30, 2016 and December 31, 2015 , respectively. We present taxes assessed by governmental authorities collected from customers on a net basis. Therefore, the taxes are excluded from revenue on our Unaudited Condensed Consolidated Statements of Income and are shown as a current liability on our Unaudited Condensed Consolidated Balance Sheets until remitted. We recognize revenue from the sale of scrap metal, other metals, and cores when title has transferred, which typically occurs upon delivery to the customer.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts We have a reserve for uncollectible accounts which was approximately $50.6 million and $24.6 million at June 30, 2016 and December 31, 2015 , respectively. Our March 2016 acquisition of Rhiag and our April 2016 acquisition of PGW contributed $23.0 million and $4.8 million , respectively, to our reserve for uncollectible accounts. See Note 2, "Business Combinations " for further information on our acquisitions.
Inventory	Inventories, net Inventories, net consists of the following (in thousands): June 30, December 31, 2016 2015 Aftermarket and refurbished products $ 1,422,701 $ 1,146,162 Salvage and remanufactured products 397,522 410,390 Glass manufacturing products (1) 70,313 — Total inventories, net $ 1,890,536 $ 1,556,552 (1) Includes all inventory types related to PGW's manufacturing and fabrication of original equipment manufacturer ("OEM") automotive glass parts. Aftermarket automotive glass products distributed by PGW are included within aftermarket and refurbished products above. The balance of glass manufacturing products as of June 30, 2016 is composed of $15.3 million of raw materials, $22.3 million of work in process, and $32.7 million of finished goods. Our U.S. glass manufacturing products inventory is stated at the lower of cost, using the first-in first-out method, or market. Our acquisitions completed during 2016, including our March 2016 acquisition of Rhiag and our April 2016 acquisition of PGW, and adjustments to preliminary valuations of inventory for certain of our 2015 acquisitions as of the acquisition date contributed $331.5 million to our aftermarket and refurbished products inventory, $0.7 million to our salvage and remanufactured products inventory, and $77.8 million to our glass manufacturing products inventory. See Note 2, "Business Combinations " for further information on our acquisitions.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost less accumulated depreciation. Expenditures for major additions and improvements that extend the useful life of the related asset are capitalized. As property, plant and equipment are sold or retired, the applicable cost and accumulated depreciation are removed from the accounts and any resulting gain or loss thereon is recognized. Construction in progress consists primarily of building and land improvements at our existing facilities. Depreciation is calculated using the straight-line method over the estimated useful lives or, in the case of leasehold improvements, the term of the related lease and reasonably assured renewal periods, if shorter. Our estimated useful lives are as follows: Land improvements 10-20 years Buildings and improvements 20-40 years Machinery and equipment 3-20 years Computer equipment and software 3-10 years Vehicles and trailers 3-10 years Furniture and fixtures 5-7 years Property, plant and equipment consists of the following (in thousands): June 30, December 31, 2016 2015 Land and improvements $ 135,171 $ 118,420 Buildings and improvements 253,389 183,480 Machinery and equipment 574,195 355,313 Computer equipment and software 137,197 130,363 Vehicles and trailers 117,831 101,201 Furniture and fixtures 29,203 24,332 Leasehold improvements 150,086 140,732 1,397,072 1,053,841 Less—Accumulated depreciation (485,592 ) (437,946 ) Construction in progress 143,566 80,672 Total property, plant and equipment, net $ 1,055,046 $ 696,567 We record depreciation expense within Depreciation and Amortization on the Unaudited Condensed Consolidated Statements of Income. Additionally, included in Cost of Goods Sold on the Unaudited Condensed Consolidated Statements of Income is depreciation expense associated with our refurbishing, remanufacturing, and furnace operations, our distribution centers, and our glass manufacturing operations. Total depreciation expense during the six months ended June 30, 2016 and 2015 was $57.7 million and $45.2 million , respectively.
Intangible Assets	Intangible Assets Intangible assets consist primarily of goodwill (the cost of purchased businesses in excess of the fair value of the identifiable net assets acquired) and other specifically identifiable intangible assets, such as trade names, trademarks, customer and supplier relationships, software and other technology related assets, and covenants not to compete. The changes in the carrying amount of goodwill by reportable segment during the six months ended June 30, 2016 are as follows (in thousands): North America Europe Specialty Glass Total Balance as of January 1, 2016 $ 1,445,850 $ 594,482 $ 278,914 $ — $ 2,319,246 Business acquisitions and adjustments to previously recorded goodwill 715 589,952 (448 ) 183,970 774,189 Exchange rate effects 6,729 (40,292 ) (384 ) — (33,947 ) Balance as of June 30, 2016 $ 1,453,294 $ 1,144,142 $ 278,082 $ 183,970 $ 3,059,488 During the six months ended June 30, 2016 , we recorded $585.1 million of goodwill related to our acquisition of Rhiag and $184.0 million related to our acquisition of PGW. See Note 2, "Business Combinations " for further information on our acquisitions. The components of other intangibles are as follows (in thousands): June 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trade names and trademarks $ 295,384 $ (49,152 ) $ 246,232 $ 172,219 $ (43,458 ) $ 128,761 Customer and supplier relationships 405,547 (60,752 ) 344,795 95,508 (41,007 ) 54,501 Software and other technology related assets 57,253 (23,219 ) 34,034 44,500 (17,844 ) 26,656 Covenants not to compete 11,719 (6,420 ) 5,299 10,774 (5,575 ) 5,199 $ 769,903 $ (139,543 ) $ 630,360 $ 323,001 $ (107,884 ) $ 215,117 The components of other intangibles acquired during the six months ended June 30, 2016 , are as follows (in thousands): Gross Amount Rhiag PGW Trade names and trademarks $ 124,074 $ 4,200 Customer and supplier relationships 290,766 24,500 Software and other technology related assets 9,914 1,026 Covenants not to compete — 1,400 $ 424,754 $ 31,126 Our estimated useful lives for our finite lived intangible assets are as follows: Method of Amortization Useful Life Trade names and trademarks Straight-line 4-30 years Customer and supplier relationships Accelerated 4-20 years Software and other technology related assets Straight-line 3-6 years Covenants not to compete Straight-line 1-5 years Amortization expense for intangible assets was $33.2 million and $16.5 million during the six months ended June 30, 2016 and 2015 , respectively. Estimated amortization expense for each of the five years in the period ending December 31, 2020 is $75.0 million , $85.9 million , $71.5 million , $58.7 million and $46.8 million , respectively
Warranty Reserve	Warranty Reserve Some of our salvage mechanical products are sold with a standard six month warranty against defects. Additionally, some of our remanufactured engines are sold with a standard three year warranty against defects. We also provide a limited lifetime warranty for certain of our aftermarket products. We record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity. The changes in the warranty reserve are as follows (in thousands): Balance as of January 1, 2016 $ 17,363 Warranty expense 16,341 Warranty claims (14,256 ) Balance as of June 30, 2016 $ 19,448
Investments in Unconsolidated Subsidiaries	Investments in Unconsolidated Subsidiaries In February 2016, we sold our investment in ACM Parts Pty Ltd. As part of the PGW acquisition, we obtained ownership interests in three joint ventures, including glass manufacturing operations in China and Mexico. Our investment in unconsolidated subsidiaries and our equity in the net earnings of the investees was not material as of and for the three and six months ended June 30, 2016.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Purchase Price Allocations For Acquisitions	The preliminary purchase price allocations for the acquisitions completed during the six months ended June 30, 2016 and the year ended December 31, 2015 are as follows (in thousands): Six Months Ended Year Ended June 30, 2016 December 31, 2015 Rhiag PGW Other Acquisitions Total All Acquisitions Receivables $ 235,358 $ 136,529 $ 996 $ 372,883 $ 29,628 Receivable reserves (28,243 ) (6,146 ) (53 ) (34,442 ) (3,926 ) Inventories, net (1) 239,559 169,558 840 409,957 79,646 Prepaid expenses and other current assets 14,465 38,762 (13 ) 53,214 3,337 Property, plant and equipment 58,275 271,641 431 330,347 11,989 Goodwill 585,112 183,970 5,107 774,189 92,175 Other intangibles 424,754 31,126 — 455,880 9,926 Other assets 2,101 57,396 (407 ) 59,090 5,166 Deferred income taxes (109,067 ) 2,024 (216 ) (107,259 ) 4,102 Current liabilities assumed (246,546 ) (168,442 ) (615 ) (415,603 ) (39,191 ) Debt assumed (550,843 ) (4,027 ) — (554,870 ) (2,365 ) Other noncurrent liabilities assumed (22,918 ) (50,539 ) — (73,457 ) (2,651 ) Other purchase price obligations — — — — (21,199 ) Notes issued — — (465 ) (465 ) (4,296 ) Settlement of pre-existing balances (591 ) — (32 ) (623 ) (1,073 ) Cash used in acquisitions, net of cash acquired $ 601,416 $ 661,852 $ 5,573 $ 1,268,841 $ 161,268 (1) The PGW inventory balance includes the impact of a step-up adjustment of $10.2 million to report the inventory at its fair value.
Pro Forma Effect Of Businesses Acquired	The following pro forma summary presents the effect of the businesses acquired during the six months ended June 30, 2016 as though the businesses had been acquired as of January 1, 2015 and the businesses acquired during the year ended December 31, 2015 as though they had been acquired as of January 1, 2014 . The pro forma adjustments are based upon unaudited financial information of the acquired entities (in thousands, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue, as reported $ 2,450,693 $ 1,838,070 $ 4,372,169 $ 3,611,982 Revenue of purchased businesses for the period prior to acquisition: Rhiag — 246,583 213,376 481,885 PGW 61,667 279,729 328,000 537,385 Other acquisitions 347 92,376 1,531 187,786 Pro forma revenue $ 2,512,707 $ 2,456,758 $ 4,915,076 $ 4,819,038 Net income, as reported $ 140,737 $ 119,722 $ 248,469 $ 226,817 Net income of purchased businesses for the period prior to acquisition, and pro forma purchase accounting adjustments: Rhiag — 5,069 (178 ) 5,201 PGW 6,357 8,880 13,860 2,992 Other acquisitions 16 3,374 73 6,655 Acquisition related costs of acquisitions closed in the period, net of tax 1,604 — 10,101 — Pro forma net income $ 148,714 $ 137,045 $ 272,325 $ 241,665 Earnings per share, basic—as reported $ 0.46 $ 0.39 $ 0.81 $ 0.75 Effect of purchased businesses for the period prior to acquisition: Rhiag — 0.02 (0.00) 0.02 PGW 0.02 0.03 0.05 0.01 Other acquisitions 0.00 0.01 0.00 0.02 Acquisition related costs of acquisitions closed in the period, net of tax 0.01 — 0.03 — Pro forma earnings per share, basic (1) $ 0.48 $ 0.45 $ 0.89 $ 0.79 Earnings per share, diluted—as reported $ 0.46 $ 0.39 $ 0.81 $ 0.74 Effect of purchased businesses for the period prior to acquisition: Rhiag — 0.02 (0.00) 0.02 PGW 0.02 0.03 0.04 0.01 Other acquisitions 0.00 0.01 0.00 0.02 Acquisition related costs of acquisitions closed in the period, net of tax 0.01 — 0.03 — Pro forma earnings per share, diluted (1) $ 0.48 $ 0.45 $ 0.88 $ 0.79 (1) The sum of the individual earnings per share amounts may not equal the total due to rounding.

Financial Statement Informati24

Financial Statement Information (Tables)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts We have a reserve for uncollectible accounts which was approximately $50.6 million and $24.6 million at June 30, 2016 and December 31, 2015 , respectively. Our March 2016 acquisition of Rhiag and our April 2016 acquisition of PGW contributed $23.0 million and $4.8 million , respectively, to our reserve for uncollectible accounts. See Note 2, "Business Combinations " for further information on our acquisitions.
Schedule Of Inventory	Inventories, net consists of the following (in thousands): June 30, December 31, 2016 2015 Aftermarket and refurbished products $ 1,422,701 $ 1,146,162 Salvage and remanufactured products 397,522 410,390 Glass manufacturing products (1) 70,313 — Total inventories, net $ 1,890,536 $ 1,556,552 (1) Includes all inventory types related to PGW's manufacturing and fabrication of original equipment manufacturer ("OEM") automotive glass parts. Aftermarket automotive glass products distributed by PGW are included within aftermarket and refurbished products above. The balance of glass manufacturing products as of June 30, 2016 is composed of $15.3 million of raw materials, $22.3 million of work in process, and $32.7 million of finished goods. Our U.S. glass manufacturing products inventory is stated at the lower of cost, using the first-in first-out method, or market.
Schedule Of Estimated Useful Lives	Our estimated useful lives are as follows: Land improvements 10-20 years Buildings and improvements 20-40 years Machinery and equipment 3-20 years Computer equipment and software 3-10 years Vehicles and trailers 3-10 years Furniture and fixtures 5-7 years
Schedule Of Property Plant And Equipment	Property, plant and equipment consists of the following (in thousands): June 30, December 31, 2016 2015 Land and improvements $ 135,171 $ 118,420 Buildings and improvements 253,389 183,480 Machinery and equipment 574,195 355,313 Computer equipment and software 137,197 130,363 Vehicles and trailers 117,831 101,201 Furniture and fixtures 29,203 24,332 Leasehold improvements 150,086 140,732 1,397,072 1,053,841 Less—Accumulated depreciation (485,592 ) (437,946 ) Construction in progress 143,566 80,672 Total property, plant and equipment, net $ 1,055,046 $ 696,567
Changes In Carrying Amount Of Goodwill	The changes in the carrying amount of goodwill by reportable segment during the six months ended June 30, 2016 are as follows (in thousands): North America Europe Specialty Glass Total Balance as of January 1, 2016 $ 1,445,850 $ 594,482 $ 278,914 $ — $ 2,319,246 Business acquisitions and adjustments to previously recorded goodwill 715 589,952 (448 ) 183,970 774,189 Exchange rate effects 6,729 (40,292 ) (384 ) — (33,947 ) Balance as of June 30, 2016 $ 1,453,294 $ 1,144,142 $ 278,082 $ 183,970 $ 3,059,488
Components Of Other Intangibles	The components of other intangibles are as follows (in thousands): June 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trade names and trademarks $ 295,384 $ (49,152 ) $ 246,232 $ 172,219 $ (43,458 ) $ 128,761 Customer and supplier relationships 405,547 (60,752 ) 344,795 95,508 (41,007 ) 54,501 Software and other technology related assets 57,253 (23,219 ) 34,034 44,500 (17,844 ) 26,656 Covenants not to compete 11,719 (6,420 ) 5,299 10,774 (5,575 ) 5,199 $ 769,903 $ (139,543 ) $ 630,360 $ 323,001 $ (107,884 ) $ 215,117
Finite Intangible Assets Acquired as Part of Business Combination	The components of other intangibles acquired during the six months ended June 30, 2016 , are as follows (in thousands): Gross Amount Rhiag PGW Trade names and trademarks $ 124,074 $ 4,200 Customer and supplier relationships 290,766 24,500 Software and other technology related assets 9,914 1,026 Covenants not to compete — 1,400 $ 424,754 $ 31,126
Schedule of Estimated Useful Lives, Finite Lived Intangible Assets	Our estimated useful lives for our finite lived intangible assets are as follows: Method of Amortization Useful Life Trade names and trademarks Straight-line 4-30 years Customer and supplier relationships Accelerated 4-20 years Software and other technology related assets Straight-line 3-6 years Covenants not to compete Straight-line 1-5 years
Changes In Warranty Reserve	The changes in the warranty reserve are as follows (in thousands): Balance as of January 1, 2016 $ 17,363 Warranty expense 16,341 Warranty claims (14,256 ) Balance as of June 30, 2016 $ 19,448
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"), which was amended in July 2015. This update outlines a new comprehensive revenue recognition model that supersedes most current revenue recognition guidance, and requires companies to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Entities adopting the standard have the option of using either a full retrospective or modified retrospective approach in the application of this guidance. ASU 2014-09 will be effective for the Company during the first quarter of our fiscal year 2018. Early adoption is permitted for annual reporting periods beginning after December 15, 2016. We are still evaluating the impact that ASU 2014-09 will have on our consolidated financial statements and related disclosures. In September 2015, the FASB issued Accounting Standards Update 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments" ("ASU 2015-16"), which requires an acquirer to recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustments are identified as opposed to recognition as if the accounting had been completed as of the acquisition date. The ASU also requires disclosure regarding amounts that would have been recorded in previous reporting periods if the adjustment had been recognized as of the acquisition date. ASU 2015-16 became effective for the Company during the first quarter of our fiscal year 2016 and is being applied on a prospective basis. The measurement-period adjustments for our acquisitions and the related impact on earnings of any amounts that would have been recorded in previous periods are disclosed in Note 2, "Business Combinations ." In February 2016, the FASB issued Accounting Standards Update 2016-02, "Leases" ("ASU 2016-02"), t o increase transparency and comparability by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. The standard requires that entities apply the effects of these changes using a modified retrospective approach, which includes a number of optional practical expedients. We are still evaluating the impact that ASU 2016-02 will have on our consolidated financial statements and related disclosures. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, "Improvements to Employee Share-Based Payment Accounting" (“ASU 2016-09”), to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, classification on the statement of cash flows, the treatment of forfeitures, and calculation of earnings per share. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016; early adoption is permitted. In prior periods, we have generated excess tax benefits that under the new standard would reduce our effective tax rate. However, the future impact of adopting ASU 2016-09 will depend on a number of factors, including the timing of stock option exercises and the stock prices at the exercise and vesting dates.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Unvested Restricted Stock Units Activity	The following table summarizes activity related to our RSUs under the Equity Incentive Plan for the six months ended June 30, 2016 : Number Outstanding Weighted Average Grant Date Fair Value Aggregate Intrinsic Value (in thousands) (1) Unvested as of January 1, 2016 1,981,292 $ 24.19 $ 58,706 Granted 976,318 $ 29.05 Vested (605,151 ) $ 21.20 Forfeited / Canceled (53,449 ) $ 27.34 Unvested as of June 30, 2016 2,299,010 $ 26.96 $ 72,879 Expected to vest after June 30, 2016 2,198,889 $ 26.98 $ 69,705 (1) The aggregate intrinsic value of unvested and expected to vest RSUs represents the total pretax intrinsic value (the fair value of the Company's stock on the last day of each period multiplied by the number of units) that would have been received by the holders had all RSUs vested. This amount changes based on the market price of the Company’s common stock.
Schedule of Stock Option Activity	The following table summarizes activity related to our stock options under the Equity Incentive Plan for the six months ended June 30, 2016 : Number Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) (1) Balance as of January 1, 2016 3,765,952 $ 8.63 2.9 $ 79,317 Exercised (692,610 ) $ 7.06 Forfeited / Canceled (9,364 ) $ 31.83 Balance as of June 30, 2016 3,063,978 $ 8.92 2.6 $ 69,851 Exercisable as of June 30, 2016 2,981,006 $ 8.27 2.6 $ 69,851 Exercisable as of June 30, 2016 and expected to vest thereafter 3,055,681 $ 8.86 2.6 $ 69,851
Schedule Of Pre-Tax Stock-Based Compensation Expense	The following table summarizes the components of pre-tax stock-based compensation expense (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 RSUs $ 5,480 $ 5,528 $ 11,359 $ 10,948 Stock options 29 40 66 166 Total stock-based compensation expense $ 5,509 $ 5,568 $ 11,425 $ 11,114

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation Of Earnings Per Share	The following chart sets forth the computation of earnings per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Net Income $ 140,737 $ 119,722 $ 248,469 $ 226,817 Denominator for basic earnings per share—Weighted-average shares outstanding 306,718 304,286 306,437 304,145 Effect of dilutive securities: RSUs 646 732 584 700 Stock options 1,534 2,229 1,613 2,260 Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding 308,898 307,247 308,634 307,105 Earnings per share, basic $ 0.46 $ 0.39 $ 0.81 $ 0.75 Earnings per share, diluted $ 0.46 $ 0.39 $ 0.81 $ 0.74
Schedule Of Antidilutive Securities Excluded From Computation Of Diluted Earnings Per Share	The following table sets forth the number of employee stock-based compensation awards outstanding but not included in the computation of diluted earnings per share because their effect would have been antidilutive for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Antidilutive securities: RSUs — 310 112 323 Stock options — 98 44 99

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule Of Accumulated Other Comprehensive Income (Loss)	The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands): Three Months Ended Three Months Ended June 30, 2016 June 30, 2015 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Accumulated Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain on Pension Plan Accumulated Beginning balance $ (96,750 ) $ (500 ) $ (7,501 ) $ (104,751 ) $ (81,883 ) $ (3,118 ) $ (9,623 ) $ (94,624 ) Pretax (loss) income (73,257 ) (6,528 ) — (79,785 ) 44,510 (166 ) — 44,344 Income tax effect — 2,250 — 2,250 — 69 — 69 Reclassification of unrealized loss — 984 160 1,144 — 1,564 (27 ) 1,537 Reclassification of deferred income taxes — (320 ) (40 ) (360 ) — (549 ) 6 (543 ) Ending Balance $ (170,007 ) $ (4,114 ) $ (7,381 ) $ (181,502 ) $ (37,373 ) $ (2,200 ) $ (9,644 ) $ (49,217 ) Six Months Ended Six Months Ended June 30, 2016 June 30, 2015 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Accumulated Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain on Pension Plan Accumulated Beginning balance $ (96,890 ) $ (932 ) $ (7,648 ) $ (105,470 ) $ (27,073 ) $ (3,401 ) $ (9,751 ) $ (40,225 ) Pretax (loss) income (73,117 ) (6,672 ) — (79,789 ) (10,300 ) (1,239 ) — (11,539 ) Income tax effect — 2,278 — 2,278 — 439 — 439 Reclassification of unrealized loss — 1,790 357 2,147 — 3,085 143 3,228 Reclassification of deferred income taxes — (578 ) (90 ) (668 ) — (1,084 ) (36 ) (1,120 ) Ending Balance $ (170,007 ) $ (4,114 ) $ (7,381 ) $ (181,502 ) $ (37,373 ) $ (2,200 ) $ (9,644 ) $ (49,217 )

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule Of Long-Term Obligations	Long-Term Obligations consist of the following (in thousands): June 30, December 31, 2016 2015 Senior secured credit agreement: Term loans payable $ 750,707 $ 410,625 Revolving credit facilities 1,292,734 480,481 Senior notes 600,000 600,000 Euro notes 555,400 — Receivables securitization facility 93,520 63,000 Notes payable through October 2025 at weighted average interest rates of 2.3% and 2.2%, respectively 9,866 16,104 Other long-term debt at weighted average interest rates of 2.3% and 2.4%, respectively 59,457 29,485 Total debt 3,361,684 1,599,695 Less: long-term debt issuance costs (23,925 ) (13,533 ) Less: current debt issuance cost (2,298 ) (1,460 ) Total debt, net of issuance costs 3,335,461 1,584,702 Less: current maturities, net of debt issuance costs (60,832 ) (56,034 ) Long term debt, net of debt issuance costs $ 3,274,629 $ 1,528,668

Derivative Instruments and He29

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Cash Flow Hedges	The following table summarizes the notional amounts and fair values of our interest rate swaps that are designated cash flow hedges as of June 30, 2016 and December 31, 2015 (in thousands): Notional Amount Fair Value at June 30, 2016 (USD) Fair Value at December 31, 2015 (USD) June 30, 2016 December 31, 2015 Other Accrued Expenses Other Noncurrent Liabilities Other Accrued Expenses Interest rate swap agreements USD denominated $ 760,000 $ 170,000 $ 500 $ 5,715 $ 858 GBP denominated £ 50,000 £ 50,000 209 — 465 CAD denominated C$ — C$ 25,000 — — 24 Total cash flow hedges $ 709 $ 5,715 $ 1,347

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis	The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of June 30, 2016 and December 31, 2015 (in thousands): Balance as of June 30, 2016 Fair Value Measurements as of June 30, 2016 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 33,574 $ — $ 33,574 $ — Total Assets $ 33,574 $ — $ 33,574 $ — Liabilities: Contingent consideration liabilities $ 3,134 $ — $ — $ 3,134 Deferred compensation liabilities 34,742 — 34,742 — Interest rate swaps 6,424 — 6,424 — Total Liabilities $ 44,300 $ — $ 41,166 $ 3,134 Balance as of December 31, 2015 Fair Value Measurements as of December 31, 2015 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 29,782 $ — $ 29,782 $ — Total Assets $ 29,782 $ — $ 29,782 $ — Liabilities: Contingent consideration liabilities $ 4,584 $ — $ — $ 4,584 Deferred compensation liabilities 30,336 — 30,336 — Interest rate swaps 1,347 — 1,347 — Total Liabilities $ 36,267 $ — $ 31,683 $ 4,584
Changes In Fair Value Of Contingent Consideration Obligations	Changes in the fair value of our contingent consideration obligations are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Beginning balance $ 3,079 $ 5,561 $ 4,584 $ 7,295 Payments — (538 ) (1,667 ) (2,205 ) Increase in fair value included in earnings 46 125 119 276 Exchange rate effects 9 43 98 (175 ) Balance as of June 30 $ 3,134 $ 5,191 $ 3,134 $ 5,191

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Commitments	The future minimum lease commitments under these leases at June 30, 2016 are as follows (in thousands): Six months ending December 31, 2016 $ 97,039 Years ending December 31: 2017 172,688 2018 142,782 2019 114,178 2020 92,563 2021 70,136 Thereafter 351,954 Future Minimum Lease Payments $ 1,041,340

Segment and Geographic Inform32

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule Of Financial Performance By Reportable Segment	The following tables present our financial performance by reportable segment for the periods indicated (in thousands): North America Europe Specialty Glass Eliminations Consolidated Three Months Ended June 30, 2016 Revenue: Third Party $ 1,080,401 $ 824,216 $ 335,972 $ 210,104 $ — $ 2,450,693 Intersegment 119 (10 ) 1,094 74 (1,277 ) — Total segment revenue $ 1,080,520 $ 824,206 $ 337,066 $ 210,178 $ (1,277 ) $ 2,450,693 Segment EBITDA $ 163,825 $ 89,982 $ 41,792 $ 23,301 $ — $ 318,900 Depreciation and amortization (1) 17,622 28,280 5,283 6,531 — 57,716 Three Months Ended June 30, 2015 Revenue: Third Party $ 1,044,779 $ 509,833 $ 283,458 $ — $ — $ 1,838,070 Intersegment 372 70 872 — (1,314 ) — Total segment revenue $ 1,045,151 $ 509,903 $ 284,330 $ — $ (1,314 ) $ 1,838,070 Segment EBITDA $ 138,880 $ 53,943 $ 40,198 $ — $ — $ 233,021 Depreciation and amortization (1) 17,249 8,704 5,092 — — 31,045 North America Europe Specialty Glass Eliminations Consolidated Six Months Ended June 30, 2016 Revenue: Third Party $ 2,167,764 $ 1,370,967 $ 623,334 $ 210,104 $ — $ 4,372,169 Intersegment 333 — 2,045 74 (2,452 ) — Total segment revenue $ 2,168,097 $ 1,370,967 $ 625,379 $ 210,178 $ (2,452 ) $ 4,372,169 Segment EBITDA $ 311,200 $ 147,480 $ 73,530 $ 23,301 $ — $ 555,511 Depreciation and amortization (1) 35,137 38,588 10,626 6,531 — 90,882 Six Months Ended June 30, 2015 Revenue: Third Party $ 2,090,858 $ 997,179 $ 523,945 $ — $ — $ 3,611,982 Intersegment 466 70 1,607 — (2,143 ) — Total segment revenue $ 2,091,324 $ 997,249 $ 525,552 $ — $ (2,143 ) $ 3,611,982 Segment EBITDA $ 288,268 $ 100,466 $ 65,602 $ — $ — $ 454,336 Depreciation and amortization (1) 34,515 17,055 10,144 — — 61,714
Reconciliation Of Earnings Before Interest Taxes Depreciation And Amortization To Net Income Table [Text Block]	The table below provides a reconciliation from Segment EBITDA to Net Income (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Segment EBITDA $ 318,900 $ 233,021 $ 555,511 $ 454,336 Deduct: Restructuring and acquisition related expenses (1) 9,080 1,663 23,891 8,151 Inventory step-up adjustment - acquisition related (2) 10,213 — 10,213 — Change in fair value of contingent consideration liabilities (3) 46 125 119 276 Add: Equity in earnings of unconsolidated subsidiaries 147 (1,162 ) (215 ) (3,070 ) Gains on foreign exchange contracts - acquisition related (4) — — 18,342 — EBITDA 299,708 230,071 539,415 442,839 Depreciation and amortization - cost of goods sold 5,187 1,263 6,665 2,479 Depreciation and amortization 52,529 29,782 84,217 59,235 Interest expense, net 26,381 14,622 40,973 29,528 Loss on debt extinguishment — — 26,650 — Provision for income taxes 74,874 64,682 132,441 124,780 Net income $ 140,737 $ 119,722 $ 248,469 $ 226,817 (1) See Note 4, "Restructuring and Acquisition Related Expenses ," for further information. (2) Reflects the impact on Cost of Goods Sold of the step-up acquisition adjustment to record PGW inventory at its fair value. (3) See Note 10, "Fair Value Measurements ," for further information on our contingent consideration liabilities.
Schedule Of Capital Expenditures By Reportable Segment	The following table presents capital expenditures by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Capital Expenditures North America $ 19,448 $ 14,744 $ 42,231 $ 30,147 Europe 21,444 22,303 40,551 30,172 Specialty 2,150 3,620 10,653 6,444 Glass 8,884 — 8,884 — $ 51,926 $ 40,667 $ 102,319 $ 66,763
Schedule Of Assets By Reportable Segment	The following table presents assets by reportable segment (in thousands): June 30, December 31, 2016 2015 Receivables, net North America $ 331,359 $ 314,743 Europe (1) 444,064 215,710 Specialty 99,871 59,707 Glass (1) 119,859 — Total receivables, net 995,153 590,160 Inventories, net North America 807,132 847,787 Europe (1) 613,928 427,323 Specialty 305,396 281,442 Glass (1) 164,080 — Total inventories, net 1,890,536 1,556,552 Property, Plant and Equipment, net North America 479,907 467,961 Europe (1) 242,741 175,455 Specialty 58,443 53,151 Glass (1) 273,955 — Total property, plant and equipment, net 1,055,046 696,567 Other unallocated assets 4,245,209 2,804,558 Total assets $ 8,185,944 $ 5,647,837
Schedule Of Revenue By Geographic Area	The following table sets forth our revenue by geographic area (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue United States $ 1,483,840 $ 1,228,424 $ 2,768,807 $ 2,423,369 United Kingdom 358,266 347,064 707,942 690,671 Other countries 608,587 262,582 895,420 497,942 $ 2,450,693 $ 1,838,070 $ 4,372,169 $ 3,611,982
Schedule Of Tangible Long-Lived Assets By Geographic Area	The following table sets forth our tangible long-lived assets by geographic area (in thousands): June 30, December 31, 2016 2015 Long-lived Assets United States $ 749,504 $ 493,300 United Kingdom 147,556 138,546 Other countries 157,986 64,721 $ 1,055,046 $ 696,567
Schedule Of Revenue By Product Category	The following table sets forth our revenue by product category (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Aftermarket, other new and refurbished products $ 1,756,334 $ 1,296,168 $ 3,144,070 $ 2,542,639 Recycled, remanufactured and related products and services 435,023 408,180 865,612 806,625 Manufactured products (1) 140,632 — 140,632 — Other 118,704 133,722 221,855 262,718 $ 2,450,693 $ 1,838,070 $ 4,372,169 $ 3,611,982

Condensed Consolidating Finan33

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2016
Condensed Consolidating Financial Information [Abstract]
Consolidated Condensed Balance Sheets	LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Balance Sheets (In thousands) June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current Assets: Cash and equivalents $ 52,144 $ 31,140 $ 189,919 $ — $ 273,203 Receivables, net — 372,413 622,740 — 995,153 Intercompany receivables, net 14,864 11,224 — (26,088 ) — Inventories, net — 1,203,556 686,980 — 1,890,536 Prepaid expenses and other current assets 2,083 53,520 83,933 — 139,536 Total Current Assets 69,091 1,671,853 1,583,572 (26,088 ) 3,298,428 Property, Plant and Equipment, net 271 743,265 311,510 — 1,055,046 Intangible Assets: Goodwill — 1,825,033 1,234,455 — 3,059,488 Other intangibles, net — 161,257 469,103 — 630,360 Investment in Subsidiaries 5,038,195 278,799 — (5,316,994 ) — Intercompany Notes Receivable 1,130,732 780,340 — (1,911,072 ) — Other Assets 41,418 80,687 28,361 (7,844 ) 142,622 Total Assets $ 6,279,707 $ 5,541,234 $ 3,627,001 $ (7,261,998 ) $ 8,185,944 Liabilities and Stockholders’ Equity Current Liabilities: Accounts payable $ 1,669 $ 355,545 $ 377,924 $ — $ 735,138 Intercompany payables, net — — 26,088 (26,088 ) — Accrued expenses: Accrued payroll-related liabilities 4,726 48,724 49,512 — 102,962 Other accrued expenses 5,085 90,554 133,017 — 228,656 Other current liabilities 283 16,820 23,691 — 40,794 Current portion of long-term obligations 19,262 2,826 38,744 — 60,832 Total Current Liabilities 31,025 514,469 648,976 (26,088 ) 1,168,382 Long-Term Obligations, Excluding Current Portion 2,146,730 8,449 1,119,450 — 3,274,629 Intercompany Notes Payable 750,000 1,114,430 46,642 (1,911,072 ) — Deferred Income Taxes — 111,766 121,416 (7,844 ) 225,338 Other Noncurrent Liabilities 44,313 124,822 40,821 — 209,956 Stockholders’ Equity 3,307,639 3,667,298 1,649,696 (5,316,994 ) 3,307,639 Total Liabilities and Stockholders' Equity $ 6,279,707 $ 5,541,234 $ 3,627,001 $ (7,261,998 ) $ 8,185,944 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Balance Sheets (In thousands) December 31, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current Assets: Cash and equivalents $ 17,616 $ 13,432 $ 56,349 $ — $ 87,397 Receivables, net — 214,502 375,658 — 590,160 Intercompany receivables, net 3 — 13,544 (13,547 ) — Inventories, net — 1,060,834 495,718 — 1,556,552 Prepaid expenses and other current assets 15,254 44,810 46,539 — 106,603 Total Current Assets 32,873 1,333,578 987,808 (13,547 ) 2,340,712 Property, Plant and Equipment, net 339 494,658 201,570 — 696,567 Intangible Assets: Goodwill — 1,640,745 678,501 — 2,319,246 Other intangibles, net — 141,537 73,580 — 215,117 Investment in Subsidiaries 3,456,837 285,284 — (3,742,121 ) — Intercompany Notes Receivable 630,717 61,764 — (692,481 ) — Other Assets 35,649 28,184 18,218 (5,856 ) 76,195 Total Assets $ 4,156,415 $ 3,985,750 $ 1,959,677 $ (4,454,005 ) $ 5,647,837 Liabilities and Stockholders’ Equity Current Liabilities: Accounts payable $ 681 $ 229,519 $ 185,388 $ — $ 415,588 Intercompany payables, net — 13,544 3 (13,547 ) — Accrued expenses: Accrued payroll-related liabilities 4,395 48,698 33,434 — 86,527 Other accrued expenses 5,399 80,886 75,940 — 162,225 Other current liabilities 284 15,953 15,359 — 31,596 Current portion of long-term obligations 21,041 1,425 33,568 — 56,034 Total Current Liabilities 31,800 390,025 343,692 (13,547 ) 751,970 Long-Term Obligations, Excluding Current Portion 976,353 7,487 544,828 — 1,528,668 Intercompany Notes Payable — 615,488 76,993 (692,481 ) — Deferred Income Taxes — 113,905 19,190 (5,856 ) 127,239 Other Noncurrent Liabilities 33,580 70,109 21,589 — 125,278 Stockholders’ Equity 3,114,682 2,788,736 953,385 (3,742,121 ) 3,114,682 Total Liabilities and Stockholders’ Equity $ 4,156,415 $ 3,985,750 $ 1,959,677 $ (4,454,005 ) $ 5,647,837
Consolidated Condensed Statements of Income	LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Three Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 1,530,947 $ 953,917 $ (34,171 ) $ 2,450,693 Cost of goods sold — 951,356 611,561 (34,171 ) 1,528,746 Gross margin — 579,591 342,356 — 921,947 Facility and warehouse expenses — 118,649 60,021 — 178,670 Distribution expenses — 118,321 66,010 — 184,331 Selling, general and administrative expenses 8,887 132,488 112,778 — 254,153 Restructuring and acquisition related expenses — 7,082 1,998 — 9,080 Depreciation and amortization 33 23,461 29,035 — 52,529 Operating (loss) income (8,920 ) 179,590 72,514 — 243,184 Other expense (income): Interest expense (income), net 17,804 (309 ) 8,886 — 26,381 Intercompany interest (income) expense, net (2,355 ) 2,376 (21 ) — — Other expense (income), net 33 (284 ) 1,590 — 1,339 Total other expense, net 15,482 1,783 10,455 — 27,720 (Loss) income before (benefit) provision for income taxes (24,402 ) 177,807 62,059 — 215,464 (Benefit) provision for income taxes (9,384 ) 72,019 12,239 — 74,874 Equity in earnings of unconsolidated subsidiaries — 347 (200 ) — 147 Equity in earnings of subsidiaries 155,755 431 — (156,186 ) — Net income $ 140,737 $ 106,566 $ 49,620 $ (156,186 ) $ 140,737 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Three Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 1,269,541 $ 599,744 $ (31,215 ) $ 1,838,070 Cost of goods sold — 770,026 375,315 (31,215 ) 1,114,126 Gross margin — 499,515 224,429 — 723,944 Facility and warehouse expenses — 100,289 36,090 — 136,379 Distribution expenses — 102,753 47,286 — 150,039 Selling, general and administrative expenses 8,761 119,958 77,077 — 205,796 Restructuring and acquisition related expenses — 1,185 478 — 1,663 Depreciation and amortization 39 19,873 9,870 — 29,782 Operating (loss) income (8,800 ) 155,457 53,628 — 200,285 Other expense (income): Interest expense (income), net 12,241 (172 ) 2,553 — 14,622 Intercompany interest (income) expense, net (10,378 ) 7,056 3,322 — — Other expense (income), net 2 (1,106 ) 1,201 — 97 Total other expense, net 1,865 5,778 7,076 — 14,719 (Loss) income before (benefit) provision for income taxes (10,665 ) 149,679 46,552 — 185,566 (Benefit) provision for income taxes (4,294 ) 59,495 9,481 — 64,682 Equity in earnings of unconsolidated subsidiaries — 19 (1,181 ) — (1,162 ) Equity in earnings of subsidiaries 126,093 7,335 — (133,428 ) — Net income $ 119,722 $ 97,538 $ 35,890 $ (133,428 ) $ 119,722 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Six Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 2,849,114 $ 1,589,554 $ (66,499 ) $ 4,372,169 Cost of goods sold — 1,746,596 1,009,688 (66,499 ) 2,689,785 Gross margin — 1,102,518 579,866 — 1,682,384 Facility and warehouse expenses — 233,859 102,416 — 336,275 Distribution expenses — 222,475 114,199 — 336,674 Selling, general and administrative expenses 19,266 259,156 194,049 — 472,471 Restructuring and acquisition related expenses — 11,118 12,773 — 23,891 Depreciation and amortization 69 44,005 40,143 — 84,217 Operating (loss) income (19,335 ) 331,905 116,286 — 428,856 Other expense (income): Interest expense (income), net 29,921 (166 ) 11,218 — 40,973 Intercompany interest (income) expense, net (13,032 ) 8,966 4,066 — — Loss on debt extinguishment 2,894 — 23,756 — 26,650 Gains on foreign exchange contracts - acquisition related (18,342 ) — — — (18,342 ) Other (income) expense, net (78 ) (3,084 ) 1,612 — (1,550 ) Total other expense, net 1,363 5,716 40,652 — 47,731 (Loss) income before (benefit) provision for income taxes (20,698 ) 326,189 75,634 — 381,125 (Benefit) provision for income taxes (7,961 ) 125,464 14,938 — 132,441 Equity in earnings of unconsolidated subsidiaries (795 ) 352 228 — (215 ) Equity in earnings of subsidiaries 262,001 12,373 — (274,374 ) — Net income $ 248,469 $ 213,450 $ 60,924 $ (274,374 ) $ 248,469 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) For the Six Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Revenue $ — $ 2,495,449 $ 1,182,687 $ (66,154 ) $ 3,611,982 Cost of goods sold — 1,510,829 743,884 (66,154 ) 2,188,559 Gross margin — 984,620 438,803 — 1,423,423 Facility and warehouse expenses — 198,050 70,986 — 269,036 Distribution expenses — 198,745 93,008 — 291,753 Selling, general and administrative expenses 16,392 241,620 151,025 — 409,037 Restructuring and acquisition related expenses — 7,245 906 — 8,151 Depreciation and amortization 79 39,764 19,392 — 59,235 Operating (loss) income (16,471 ) 299,196 103,486 — 386,211 Other expense (income): Interest expense (income), net 24,555 (129 ) 5,102 — 29,528 Intercompany interest (income) expense, net (21,201 ) 14,315 6,886 — — Other expense (income), net 27 (2,841 ) 4,830 — 2,016 Total other expense, net 3,381 11,345 16,818 — 31,544 (Loss) income before (benefit) provision for income taxes (19,852 ) 287,851 86,668 — 354,667 (Benefit) provision for income taxes (8,049 ) 115,272 17,557 — 124,780 Equity in earnings of unconsolidated subsidiaries — 30 (3,100 ) — (3,070 ) Equity in earnings of subsidiaries 238,620 14,595 — (253,215 ) — Net income $ 226,817 $ 187,204 $ 66,011 $ (253,215 ) $ 226,817
Consolidated Condensed Statements of Comprehensive Income (Loss)	LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Three Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 140,737 $ 106,566 $ 49,620 $ (156,186 ) $ 140,737 Other comprehensive (loss) income: Foreign currency translation (73,257 ) (15,116 ) (73,830 ) 88,946 (73,257 ) Net change in unrecognized gains/losses on derivative instruments, net of tax (3,614 ) — 99 (99 ) (3,614 ) Net change in unrealized gains/losses on pension plans, net of tax 120 — 120 (120 ) 120 Total other comprehensive loss (76,751 ) (15,116 ) (73,611 ) 88,727 (76,751 ) Total comprehensive income (loss) $ 63,986 $ 91,450 $ (23,991 ) $ (67,459 ) $ 63,986 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Three Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 119,722 $ 97,538 $ 35,890 $ (133,428 ) $ 119,722 Other comprehensive income (loss): Foreign currency translation 44,510 13,134 44,216 (57,350 ) 44,510 Net change in unrecognized gains/losses on derivative instruments, net of tax 918 — 191 (191 ) 918 Change in unrealized gain on pension plans, net of tax (21 ) — (21 ) 21 (21 ) Total other comprehensive income 45,407 13,134 44,386 (57,520 ) 45,407 Total comprehensive income $ 165,129 $ 110,672 $ 80,276 $ (190,948 ) $ 165,129 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Six Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 248,469 $ 213,450 $ 60,924 $ (274,374 ) $ 248,469 Other comprehensive (loss) income: Foreign currency translation (73,117 ) (17,971 ) (76,869 ) 94,840 (73,117 ) Net change in unrecognized gains/losses on derivative instruments, net of tax (3,182 ) — 195 (195 ) (3,182 ) Net change in unrealized gains/losses on pension plans, net of tax 267 — 267 (267 ) 267 Total other comprehensive loss (76,032 ) (17,971 ) (76,407 ) 94,378 (76,032 ) Total comprehensive income (loss) $ 172,437 $ 195,479 $ (15,483 ) $ (179,996 ) $ 172,437 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) For the Six Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Net income $ 226,817 $ 187,204 $ 66,011 $ (253,215 ) $ 226,817 Other comprehensive (loss) income: Foreign currency translation (10,300 ) (1,238 ) (8,583 ) 9,821 (10,300 ) Net change in unrecognized gains/losses on derivative instruments, net of tax 1,201 — 129 (129 ) 1,201 Change in unrealized gains/losses on pension plans, net of tax 107 — 107 (107 ) 107 Total other comprehensive loss (8,992 ) (1,238 ) (8,347 ) 9,585 (8,992 ) Total comprehensive income $ 217,825 $ 185,966 $ 57,664 $ (243,630 ) $ 217,825
Consolidated Condensed Statements of Cash Flows	LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Cash Flows (In thousands) For the Six Months Ended June 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by operating activities $ 136,098 $ 300,978 $ 66,346 $ (148,192 ) $ 355,230 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property, plant and equipment (2 ) (57,742 ) (44,575 ) — (102,319 ) Investment and intercompany note activity with subsidiaries (1,293,298 ) (34,448 ) — 1,327,746 — Acquisitions, net of cash acquired — (661,852 ) (606,989 ) — (1,268,841 ) Proceeds from foreign exchange contracts 18,342 — — — 18,342 Other investing activities, net — 400 10,913 — 11,313 Net cash used in investing activities (1,274,958 ) (753,642 ) (640,651 ) 1,327,746 (1,341,505 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 4,889 — — — 4,889 Excess tax benefit from stock-based payments 6,685 — — — 6,685 Taxes paid related to net share settlements of stock-based compensation awards (2,281 ) — — — (2,281 ) Debt issuance costs (7,100 ) — (9,071 ) — (16,171 ) Proceeds from issuance of Euro notes — — 563,450 — 563,450 Borrowings under revolving credit facilities 1,204,000 — 618,020 — 1,822,020 Repayments under revolving credit facilities (119,000 ) — (893,362 ) — (1,012,362 ) Borrowings under term loans 89,317 — 249,161 — 338,478 Repayments under term loans (3,122 ) — (1,599 ) — (4,721 ) Borrowings under receivables securitization facility — — 97,000 — 97,000 Repayments under receivables securitization facility — — (66,480 ) — (66,480 ) Repayments of other debt, net — (1,657 ) (6,167 ) — (7,824 ) Repayment of Rhiag debt and related payments — — (543,347 ) — (543,347 ) Payments of other obligations — (1,371 ) — — (1,371 ) Investment and intercompany note activity with parent — 621,619 706,127 (1,327,746 ) — Dividends — (148,192 ) — 148,192 — Net cash provided by financing activities 1,173,388 470,399 713,732 (1,179,554 ) 1,177,965 Effect of exchange rate changes on cash and equivalents — (27 ) (5,857 ) — (5,884 ) Net increase in cash and equivalents 34,528 17,708 133,570 — 185,806 Cash and equivalents, beginning of period 17,616 13,432 56,349 — 87,397 Cash and equivalents, end of period $ 52,144 $ 31,140 $ 189,919 $ — $ 273,203 LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Cash Flows (In thousands) For the Six Months Ended June 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by operating activities $ 121,024 $ 188,713 $ 89,630 $ (116,668 ) $ 282,699 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property, plant and equipment (3 ) (34,791 ) (31,969 ) — (66,763 ) Investment and intercompany note activity with subsidiaries 30,818 — — (30,818 ) — Acquisitions, net of cash acquired — (6,583 ) (30,625 ) — (37,208 ) Other investing activities, net — 585 (5,794 ) — (5,209 ) Net cash provided by (used in) investing activities 30,815 (40,789 ) (68,388 ) (30,818 ) (109,180 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 3,288 — — — 3,288 Excess tax benefit from stock-based payments 6,737 — — — 6,737 Taxes paid related to net share settlements of stock-based compensation awards (5,243 ) — — — (5,243 ) Borrowings under revolving credit facilities 132,000 — 67,621 — 199,621 Repayments under revolving credit facilities (215,000 ) — (79,276 ) — (294,276 ) Repayments under term loans (11,250 ) — — — (11,250 ) Borrowings under receivables securitization facility — — 2,100 — 2,100 Repayments under receivables securitization facility — — (1,758 ) — (1,758 ) Repayments of other debt, net (31,500 ) (596 ) (9,994 ) — (42,090 ) Payments of other obligations — (2,050 ) — — (2,050 ) Investment and intercompany note activity with parent — (32,051 ) 1,233 30,818 — Dividends — (116,668 ) — 116,668 — Net cash used in financing activities (120,968 ) (151,365 ) (20,074 ) 147,486 (144,921 ) Effect of exchange rate changes on cash and equivalents — 53 167 — 220 Net increase (decrease) in cash and equivalents 30,871 (3,388 ) 1,335 — 28,818 Cash and equivalents, beginning of period 14,930 32,103 67,572 — 114,605 Cash and equivalents, end of period $ 45,801 $ 28,715 $ 68,907 $ — $ 143,423

Business Combinations - Additio

Business Combinations - Additional Information (Details) $ in Thousands, € in Millions	3 Months Ended		6 Months Ended			12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2016EUR (€)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2016EUR (€)	Mar. 31, 2016USD ($)
Business Acquisition
Cash used in acquisitions, net of cash acquired			$ 1,268,841		$ 37,208
Gains on foreign exchange contracts - acquisition related	$ 0		(18,342)		0
Goodwill	3,059,488		3,059,488			$ 2,319,246
Business Combination, Adjustment, Inventory	10,213		10,213
Restructuring and acquisition related expenses	9,080	$ 1,663	23,891		8,151
Acquisition-related expenses
Business Acquisition
Restructuring and acquisition related expenses	3,000	$ 700	15,700		$ 1,300
North America
Business Acquisition
Goodwill	1,453,294		$ 1,453,294			$ 1,445,850
Wholesale North America Segment
Business Acquisition
Number of acquisitions						4
Europe
Business Acquisition
Number of acquisitions			2	2		12
Goodwill	1,144,142		$ 1,144,142			$ 594,482
Specialty
Business Acquisition
Goodwill	278,082		278,082			$ 278,914
PGW
Business Acquisition
Cash used in acquisitions, net of cash acquired			661,852
Notes issued	0		0
Other purchase price obligations	0		0
Settlement of pre-existing balances	0		0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt	4,027		4,027
Goodwill	183,970		183,970
Business Acquisition, Goodwill, Expected Tax Deductible Amount	84,500		84,500
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			210,100
Business Combination, Pro Forma Information, Operating Income or Loss of Acquiree since Acquisition Date, Actual			8,900
Business Combination, Adjustment, Inventory			10,213
PGW | Acquisition-related expenses
Business Acquisition
Restructuring and acquisition related expenses			3,900
Rhiag
Business Acquisition
Business Combination, Consideration Transferred			602,000	€ 534.2
Cash used in acquisitions, net of cash acquired			601,416	€ 533.6
Notes issued	0		0
Other purchase price obligations	0		0
Settlement of pre-existing balances	591		591				€ 0.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt	550,843		550,843				€ 488.8
Gains on foreign exchange contracts - acquisition related			(18,300)
Goodwill	585,112		585,112
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			318,100
Business Combination, Pro Forma Information, Operating Income or Loss of Acquiree since Acquisition Date, Actual			10,800
Goodwill, Purchase Accounting Adjustments	$ 155,000
Business Combination, Acquisition Related Costs			6,200
Rhiag | Acquisition-related expenses
Business Acquisition
Restructuring and acquisition related expenses			$ 11,000
Rhiag | Forward Contracts
Business Acquisition
Derivative, Notional Amount								$ 588,000
All 2015 Acquisitions
Business Acquisition
Number of acquisitions						18
Business Combination, Consideration Transferred						$ 187,900
Cash used in acquisitions, net of cash acquired						161,300
Notes issued						(4,296)
Other purchase price obligations						21,199
Settlement of pre-existing balances						1,073
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt						2,365
Goodwill						92,175
Business Acquisition, Goodwill, Expected Tax Deductible Amount						$ 69,900
Netherlands Distributors | Europe
Business Acquisition
Number of acquisitions						11
Netherlands Distributors Former Customers
Business Acquisition
Number of acquisitions						9

Purchase Price Allocations for

Purchase Price Allocations for Acquisitions (Details) $ in Thousands, € in Millions	Jun. 30, 2016USD ($)	Jun. 30, 2016EUR (€)	Dec. 31, 2015USD ($)
Business Acquisition
Goodwill	$ 3,059,488		$ 2,319,246
All 2016 Acquisitions
Business Acquisition
Receivables	372,883
Receivable reserves	(34,442)
Inventories, net (1)	409,957
Prepaid expenses and other current assets	53,214
Property, plant and equipment	330,347
Goodwill	774,189
Other intangibles	455,880
Other assets	59,090
Deferred income taxes	(107,259)
Current liabilities assumed	(415,603)
Debt assumed	(554,870)
Other noncurrent liabilities assumed	(73,457)
Other purchase price obligations	0
Notes issued	(465)
Settlement of pre-existing balances	(623)
Cash used in acquisitions, net of cash acquired	1,268,841
Rhiag
Business Acquisition
Receivables	235,358
Receivable reserves	(28,243)
Inventories, net (1)	239,559
Prepaid expenses and other current assets	14,465
Property, plant and equipment	58,275
Goodwill	585,112
Other intangibles	424,754
Other assets	2,101
Deferred income taxes	(109,067)
Current liabilities assumed	(246,546)
Debt assumed	(550,843)	€ (488.8)
Other noncurrent liabilities assumed	(22,918)
Other purchase price obligations	0
Notes issued	0
Settlement of pre-existing balances	(591)	€ (0.6)
Cash used in acquisitions, net of cash acquired	601,416
PGW
Business Acquisition
Receivables	136,529
Receivable reserves	(6,146)
Inventories, net (1)	169,558
Prepaid expenses and other current assets	38,762
Property, plant and equipment	271,641
Goodwill	183,970
Other intangibles	31,126
Other assets	57,396
Deferred income taxes	2,024
Current liabilities assumed	(168,442)
Debt assumed	(4,027)
Other noncurrent liabilities assumed	(50,539)
Other purchase price obligations	0
Notes issued	0
Settlement of pre-existing balances	0
Cash used in acquisitions, net of cash acquired	661,852
All 2016 Acquisitions Excluding Rhiag and PGW
Business Acquisition
Receivables	996
Receivable reserves	(53)
Inventories, net (1)	840
Prepaid expenses and other current assets	(13)
Property, plant and equipment	431
Goodwill	5,107
Other intangibles	0
Other assets	(407)
Deferred income taxes	(216)
Current liabilities assumed	(615)
Debt assumed	0
Other noncurrent liabilities assumed	0
Other purchase price obligations	0
Notes issued	(465)
Settlement of pre-existing balances	(32)
Cash used in acquisitions, net of cash acquired	$ 5,573
All 2015 Acquisitions
Business Acquisition
Receivables			29,628
Receivable reserves			(3,926)
Inventories, net (1)			79,646
Prepaid expenses and other current assets			3,337
Property, plant and equipment			11,989
Goodwill			92,175
Other intangibles			9,926
Other assets			5,166
Deferred income taxes			4,102
Current liabilities assumed			(39,191)
Debt assumed			(2,365)
Other noncurrent liabilities assumed			(2,651)
Other purchase price obligations			(21,199)
Notes issued			(4,296)
Settlement of pre-existing balances			(1,073)
Cash used in acquisitions, net of cash acquired			$ 161,268

Pro Forma Effect of Businesses

Pro Forma Effect of Businesses Acquired (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition
Revenue, as reported		$ 2,450,693	$ 1,838,070	$ 4,372,169	$ 3,611,982
Pro forma revenue		2,512,707	2,456,758	4,915,076	4,819,038
Net income		140,737	119,722	248,469	226,817
Pro forma net income		$ 148,714	$ 137,045	$ 272,325	$ 241,665
Pro forma earnings per share, basic (1)	[1]	$ 0.48	$ 0.45	$ 0.89	$ 0.79
Earnings per share, diluted		0.46	0.39	0.81	0.74
Pro forma earnings per share, diluted (1)	[1]	$ 0.48	$ 0.45	$ 0.88	$ 0.79
Restructuring and acquisition related expenses		$ 9,080	$ 1,663	$ 23,891	$ 8,151
Earnings per share, basic		$ 0.46	$ 0.39	$ 0.81	$ 0.75
Acquisition-related expenses
Business Acquisition
Restructuring and acquisition related expenses		$ 3,000	$ 700	$ 15,700	$ 1,300
Rhiag
Business Acquisition
Revenue of purchased businesses for the period prior to acquisition		0	246,583	213,376	481,885
Net income of purchased businesses for the period prior to acquisition, including pro forma purchase accounting adjustments		$ 0	$ 5,069	$ (178)	$ 5,201
Effect of purchased businesses for the period prior to acquisition		$ 0	$ 0.02	$ 0	$ 0.02
Effect of purchased businesses for the period prior to acquisition		$ 0	$ 0.02	$ 0	$ 0.02
Rhiag | Acquisition-related expenses
Business Acquisition
Restructuring and acquisition related expenses				$ 11,000
PGW
Business Acquisition
Revenue of purchased businesses for the period prior to acquisition		$ 61,667	$ 279,729	328,000	$ 537,385
Net income of purchased businesses for the period prior to acquisition, including pro forma purchase accounting adjustments		$ 6,357	$ 8,880	$ 13,860	$ 2,992
Effect of purchased businesses for the period prior to acquisition		$ 0.02	$ 0.03	$ 0.05	$ 0.01
Effect of purchased businesses for the period prior to acquisition		$ 0.02	$ 0.03	$ 0.04	$ 0.01
PGW | Acquisition-related expenses
Business Acquisition
Restructuring and acquisition related expenses				$ 3,900
All 2016 Acquisitions Excluding Rhiag and PGW
Business Acquisition
Revenue of purchased businesses for the period prior to acquisition		$ 347		1,531
Net income of purchased businesses for the period prior to acquisition, including pro forma purchase accounting adjustments		$ 16		$ 73
Effect of purchased businesses for the period prior to acquisition		$ 0		$ 0
Effect of purchased businesses for the period prior to acquisition		$ 0		$ 0
All 2016 and 2015 Acquisitions Excluding Rhiag and PGW
Business Acquisition
Revenue of purchased businesses for the period prior to acquisition			$ 92,376		$ 187,786
Net income of purchased businesses for the period prior to acquisition, including pro forma purchase accounting adjustments			$ 3,374		$ 6,655
Effect of purchased businesses for the period prior to acquisition			$ 0.01		$ 0.02
Effect of purchased businesses for the period prior to acquisition			$ 0.01		$ 0.02
All 2016 Acquisitions
Business Acquisition
Acquisition related costs, net of tax		$ 1,604		$ 10,101
Business Acquisition Pro Forma Income Loss From Acquisition Related Costs, Net of Tax, Per Basic Share Effect		$ 0.01		$ 0.03
Business Acquisition Pro Forma Income Loss From Acquisition Related Costs, Net of Tax, Per Diluted Share Effect		$ 0.01		$ 0.03
All 2015 Acquisitions
Business Acquisition
Acquisition related costs, net of tax			$ 0		$ 0
Business Acquisition Pro Forma Income Loss From Acquisition Related Costs, Net of Tax, Per Basic Share Effect			$ 0		$ 0
Business Acquisition Pro Forma Income Loss From Acquisition Related Costs, Net of Tax, Per Diluted Share Effect			$ 0		$ 0
[1]	The sum of the individual earnings per share amounts may not equal the total due to rounding.

Financial Statement Informati37

Financial Statement Information - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill	$ 3,059,488		$ 2,319,246
Reserve for estimated returns, discounts and allowances	36,300		32,800
Reserve for uncollectible accounts	50,600		24,600
Depreciation	57,700	$ 45,200
Finite-lived intangible assets, gross	769,903		$ 323,001
Amortization expense	33,200	$ 16,500
Estimated annual amortization expense in year one	75,000
Estimated annual amortization expense in year two	85,900
Estimated annual amortization expense in year three	71,500
Estimated annual amortization expense in year four	58,700
Estimated annual amortization expense in year five	$ 46,800
Salvage mechanical products
Standard warranty period	6 months
Remanufactured engines
Standard warranty period	3 years
PGW
Goodwill	$ 183,970
Reserve for uncollectible accounts	4,800
Finite-lived intangible assets, gross	31,126
Rhiag
Goodwill	585,112
Reserve for uncollectible accounts	23,000
Finite-lived intangible assets, gross	$ 424,754

Financial Statement Informati38

Financial Statement Information Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Product Information
Inventories, net	$ 1,890,536	$ 1,556,552
Aftermarket and refurbished products
Product Information
Inventories, net	1,422,701	1,146,162
Inventories, net (1)	331,500
Salvage and remanufactured products
Product Information
Inventories, net	397,522	410,390
Inventories, net (1)	700
Glass manufacturing products
Product Information
Inventories, net	70,313	0
Inventories, net (1)	77,800
Glass
Product Information
Inventories, net	164,080	$ 0
Glass | Glass manufacturing products
Product Information
Inventory, Raw Materials, Net of Reserves	15,300
Inventory, Work in Process, Net of Reserves	22,300
Inventory, Finished Goods, Net of Reserves	$ 32,700

Financial Statement Informati39

Financial Statement Information Schedule of Estimated Useful Lives (Details)	6 Months Ended
	Jun. 30, 2016
Land Improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Land Improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Building and Building Improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Building and Building Improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Machinery and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Computer equipment and software | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Computer equipment and software | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Vehicles and trailers | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Vehicles and trailers | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Furniture and Fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years

Financial Statement Informati40

Financial Statement Information Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,397,072	$ 1,053,841
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(485,592)	(437,946)
Construction in Progress, Gross	143,566	80,672
Property, Plant and Equipment, net	1,055,046	696,567
Land and Land Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	135,171	118,420
Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	253,389	183,480
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	574,195	355,313
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	137,197	130,363
Vehicles and trailers
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	117,831	101,201
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	29,203	24,332
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 150,086	$ 140,732

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 2,319,246
Business acquisitions and adjustments to previously recorded goodwill	774,189
Exchange rate effects	(33,947)
Goodwill, ending balance	3,059,488
North America
Goodwill [Roll Forward]
Goodwill, beginning balance	1,445,850
Business acquisitions and adjustments to previously recorded goodwill	715
Exchange rate effects	6,729
Goodwill, ending balance	1,453,294
Europe
Goodwill [Roll Forward]
Goodwill, beginning balance	594,482
Business acquisitions and adjustments to previously recorded goodwill	589,952
Exchange rate effects	(40,292)
Goodwill, ending balance	1,144,142
Specialty
Goodwill [Roll Forward]
Goodwill, beginning balance	278,914
Business acquisitions and adjustments to previously recorded goodwill	(448)
Exchange rate effects	(384)
Goodwill, ending balance	278,082
Glass
Goodwill [Roll Forward]
Goodwill, beginning balance	0
Business acquisitions and adjustments to previously recorded goodwill	183,970
Exchange rate effects	0
Goodwill, ending balance	183,970
Rhiag
Goodwill [Roll Forward]
Goodwill, ending balance	$ 585,112

Components of Other Intangibles

Components of Other Intangibles (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 769,903	$ 323,001
Accumulated amortization	(139,543)	(107,884)
Net	630,360	215,117
Trade names and trademarks
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	295,384	172,219
Accumulated amortization	(49,152)	(43,458)
Net	246,232	128,761
Customer and supplier relationships
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	405,547	95,508
Accumulated amortization	(60,752)	(41,007)
Net	344,795	54,501
Software and technology related assets
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	57,253	44,500
Accumulated amortization	(23,219)	(17,844)
Net	34,034	26,656
Covenants not to compete
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	11,719	10,774
Accumulated amortization	(6,420)	(5,575)
Net	$ 5,299	$ 5,199

Financial Statement Informati43

Financial Statement Information Components of Other Intangibles Acquired as part of a Business Combination (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 769,903	$ 323,001
Rhiag
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	424,754
PGW
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	31,126
Trade names and trademarks
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	295,384	172,219
Trade names and trademarks | Rhiag
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	124,074
Trade names and trademarks | PGW
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	4,200
Customer and supplier relationships
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	405,547	95,508
Customer and supplier relationships | Rhiag
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	290,766
Customer and supplier relationships | PGW
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	24,500
Software and technology related assets
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	57,253	44,500
Software and technology related assets | Rhiag
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	9,914
Software and technology related assets | PGW
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	1,026
Covenants not to compete
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	11,719	$ 10,774
Covenants not to compete | Rhiag
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	0
Covenants not to compete | PGW
Finite-Lived Intangible Assets
Finite-lived intangible assets, gross	$ 1,400

Financial Statement Informati44

Financial Statement Information Schedule of Estimated Useful Lives, Finite Lived Intangible Assets (Details)	6 Months Ended
	Jun. 30, 2016
Trade names and trademarks | Minimum
Finite-Lived Intangible Assets
Useful life, years	4 years
Trade names and trademarks | Maximum
Finite-Lived Intangible Assets
Useful life, years	30 years
Customer and supplier relationships | Minimum
Finite-Lived Intangible Assets
Useful life, years	4 years
Customer and supplier relationships | Maximum
Finite-Lived Intangible Assets
Useful life, years	20 years
Software and technology related assets | Minimum
Finite-Lived Intangible Assets
Useful life, years	3 years
Software and technology related assets | Maximum
Finite-Lived Intangible Assets
Useful life, years	6 years
Covenants not to compete | Minimum
Finite-Lived Intangible Assets
Useful life, years	1 year
Covenants not to compete | Maximum
Finite-Lived Intangible Assets
Useful life, years	5 years

Changes in Warranty Reserve (De

Changes in Warranty Reserve (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Warranty Reserve [Roll Forward]
Warranty reserve, beginning balance	$ 17,363
Warranty expense	16,341
Warranty claims	(14,256)
Warranty reserve, ending balance	$ 19,448

Restructuring and Acquisition46

Restructuring and Acquisition Related Expenses - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Restructuring Cost and Reserve
Restructuring and acquisition related expenses	$ 9,080	$ 1,663	$ 23,891	$ 8,151
Acquisition-related expenses
Restructuring Cost and Reserve
Restructuring and acquisition related expenses	3,000	700	15,700	1,300
Restructuring expenses
Restructuring Cost and Reserve
Restructuring and acquisition related expenses	$ 6,100	$ 900	8,200	$ 6,900
Restructuring expenses | Maximum
Restructuring Cost and Reserve
Expected additional charges			6,000
Rhiag | Acquisition-related expenses
Restructuring Cost and Reserve
Restructuring and acquisition related expenses			11,000
PGW | Acquisition-related expenses
Restructuring Cost and Reserve
Restructuring and acquisition related expenses			3,900
All 2016 Acquisitions and yet to be Completed Acquisitions Excluding Rhiag and PGW | Acquisition-related expenses
Restructuring Cost and Reserve
Restructuring and acquisition related expenses			$ 800

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)shares
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares that RSUs convert into on the applicable vesting date | shares		1
RSUs granted during the period | shares		976,318
Fair value of RSUs or restricted stock vested during the period		$ 16.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 44.8	44.8
Expected term for unrecognized stock-based compensation expense expected to be recognized	3 years 4 months
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 0.1	$ 0.1
Expected term for unrecognized stock-based compensation expense expected to be recognized	6 months
Minimum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Stock options expiration period		6 years
Maximum | RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period		5 years
Maximum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period		5 years
Stock options expiration period		10 years

Stock-Based Compensation Schedu

Stock-Based Compensation Schedule of Unvested Restricted Stock Units Activity (Details) - RSUs - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Summary of Expected to Vest RSUs [Line Items]
Unvested RSUs, shares	2,299,010	1,981,292
RSUs granted during the period	976,318
RSUs vested, shares	(605,151)
RSUs forfeited/canceled, shares	(53,449)
RSUs expected to vest, shares	2,198,889
Unvested RSUs, weighted average grant date fair value	$ 26.96	$ 24.19
RSUs granted, weighted average grant date fair value	29.05
RSUs vested, weighted average grant date fair value	21.20
RSUs forfeited/canceled, weighted average grant date fair value	27.34
RSUs expected to vest, weighted average grant date fair value	$ 26.98
Unvested RSUs, aggregate intrinsic value	$ 72,879	$ 58,706
RSUs expected to vest, aggregate intrinsic value	$ 69,705

Stock-Based Compensation Sche49

Stock-Based Compensation Schedule of Stock Option Activity (Details) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Stock options outstanding, shares	3,063,978	3,765,952
Stock options exercised, shares	(692,610)
Stock options forfeited/canceled, shares	(9,364)
Exercisable stock options, shares	2,981,006
Exercisable and expected to vest stock options, shares	3,055,681
Stock options outstanding, weighted average exercise price	$ 8.92	$ 8.63
Stock options exercised, weighted average exercise price	7.06
Stock options forfeited/canceled, weighted average exercise price	31.83
Exercisable stock options, weighted average exercise price	8.27
Exercisable and expected to vest stock options, weighted average exercise price	$ 8.86
Stock options outstanding, weighted average remaining contractual term (years)	2 years 7 months	2 years 10 months 25 days
Exercisable stock options, weighted average remaining contractual term (years)	2 years 7 months
Share-based compensation arrangement by share-based payment award, options, vested and expected to vest, outstanding, weighted average remaining contractual term	2 years 7 months
Stock options outstanding, aggregate intrinsic value	$ 69,851	$ 79,317
Exercisable stock options, aggregate intrinsic value	69,851
Exercisable and expected to vest stock options, aggregate intrinsic value	$ 69,851

Schedule of Pre-Tax Stock-Based

Schedule of Pre-Tax Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 5,509	$ 5,568	$ 11,425	$ 11,114
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	5,480	5,528	11,359	10,948
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 29	$ 40	$ 66	$ 166

Computation of Earnings Per Sha

Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 140,737	$ 119,722	$ 248,469	$ 226,817
Denominator for basic earnings per share—Weighted-average shares outstanding	306,718	304,286	306,437	304,145
Effect of dilutive securities:
RSUs	646	732	584	700
Stock options	1,534	2,229	1,613	2,260
Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding	308,898	307,247	308,634	307,105
Earnings per share, basic	$ 0.46	$ 0.39	$ 0.81	$ 0.75
Earnings per share, diluted	$ 0.46	$ 0.39	$ 0.81	$ 0.74

Schedule of Antidilutive Securi

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities	0	310	112	323
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities	0	98	44	99

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Income (Loss) Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest Rate Swap
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ 1	$ 1.6	$ 1.8	$ 3.1

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Income (Loss) Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 104,751	$ 94,624	$ 105,470	$ 40,225
Foreign currency translation	(73,257)	44,510	(73,117)	(10,300)
Pre-tax income accumulated comprehensive income	(79,785)	44,344	(79,789)	(11,539)
Income tax effect	2,250	69	2,278	439
Reclassification of unrealized gain (loss)	1,144	1,537	2,147	3,228
Reclassification of deferred income taxes	(360)	(543)	(668)	(1,120)
Ending Balance	181,502	49,217	181,502	49,217
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	96,750	81,883	96,890	27,073
Foreign currency translation	(73,257)	44,510	(73,117)	(10,300)
Ending Balance	170,007	37,373	170,007	37,373
Unrealized (Loss) Gain on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	500	3,118	932	3,401
Pre-tax income accumulated comprehensive income	(6,528)	(166)	(6,672)	(1,239)
Income tax effect	2,250	69	2,278	439
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(984)	(1,564)	(1,790)	(3,085)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	(320)	(549)	(578)	(1,084)
Ending Balance	4,114	2,200	4,114	2,200
Unrealized (Loss) Gain on Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	7,501	9,623	7,648	9,751
Reclassification of unrealized gain (loss)	160	(27)	357	143
Reclassification of deferred income taxes	(40)	6	(90)	(36)
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	7,381	9,644	7,381	9,644
Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (1,000)	$ (1,600)	$ (1,800)	$ (3,100)

Schedule of Long-Term Obligatio

Schedule of Long-Term Obligations (Parenthetical) (Details)	Jun. 30, 2016	Dec. 31, 2015
Notes Payable
Debt Instrument
Weighted average interest rate	2.30%	2.20%
Other Long-Term Debt
Debt Instrument
Weighted average interest rate	2.30%	2.40%

Schedule of Long-Term Obligat56

Schedule of Long-Term Obligations (Details) $ in Thousands, € in Millions	Jun. 30, 2016USD ($)	Apr. 14, 2016EUR (€)	Jan. 29, 2016USD ($)	Dec. 31, 2015USD ($)	Mar. 27, 2014USD ($)	May 09, 2013USD ($)
Debt Instrument
Long-Term Obligations, Total	$ 3,361,684			$ 1,599,695
Deferred Finance Costs, Current, Net	(2,298)			(1,460)
Deferred Finance Costs, Noncurrent, Net	(23,925)			(13,533)
Debt and Capital Lease Obligations, Net	3,335,461			1,584,702
Long-term Debt and Capital Lease Obligations, Current, Net	60,832			56,034
Long-Term Obligations, Excluding Current Portion	3,274,629			1,528,668
Term Loan
Debt Instrument
Term loans payable	750,707			410,625
Revolving Credit Facility
Debt Instrument
Revolving credit facilities	1,292,734			480,481
Senior Notes
Debt Instrument
Senior notes	600,000			600,000		$ 600,000
Euro Notes
Debt Instrument
Senior notes	555,400	€ 500		0
Receivables Securitization Facility
Debt Instrument
Receivables securitization facility	93,520			63,000
Notes Payable
Debt Instrument
Notes payable	9,866			16,104
Other Long-Term Debt
Debt Instrument
Other long-term debt	$ 59,457			$ 29,485
Third Amended Credit Agreement | Credit Agreement
Debt Instrument
Maximum Credit Agreement Borrowings					$ 2,300,000
Fourth Amended Credit Agreement | Credit Agreement
Debt Instrument
Maximum Credit Agreement Borrowings			$ 3,200,000
Term loans payable			$ 750,000

Long-Term Obligations - Additio

Long-Term Obligations - Additional Information (Details) $ in Thousands, € in Millions	Mar. 24, 2016USD ($)	Mar. 24, 2016EUR (€)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016EUR (€)	Apr. 14, 2016EUR (€)	Mar. 24, 2016EUR (€)	Jan. 29, 2016USD ($)	Jan. 29, 2016EUR (€)	Dec. 31, 2015USD ($)	Sep. 29, 2014USD ($)	Mar. 27, 2014USD ($)	May 09, 2013USD ($)
Debt Instrument
Term Loan Quarterly Repayment, Percentage of Initial Balance										0.625%	0.625%
Term Loan Quarterly Repayment, Percentage										1.25%	1.25%
Outstanding letters of credit			$ 71,900		$ 71,900
Loss on debt extinguishment			$ 0	$ 0	$ 26,650	$ 0
Credit Agreement
Debt Instrument
Increment change in applicable margin										0.25%	0.25%
Weighted average interest rate			2.40%		2.40%		2.40%					1.80%
Increment change in commitment fees										0.05%	0.05%
Fronting fee on letters of credit in addition to participation commission										0.125%	0.125%
Availability on the revolving credit facility			$ 1,100,000		$ 1,100,000
Term Loan
Debt Instrument
Term loans payable			750,707		750,707							$ 410,625
Current maturities of credit agreement			28,300		28,300							22,500
Senior Notes
Debt Instrument
Senior notes			600,000		600,000							600,000			$ 600,000
Senior notes interest rate															4.75%
Euro Notes
Debt Instrument
Fees capitalized			10,100		10,100
Senior notes			$ 555,400		$ 555,400			€ 500				0
Senior notes interest rate								3.875%
Receivables Securitization Facility
Debt Instrument
Weighted average interest rate			1.30%		1.30%		1.30%
Receivables securitization maximum borrowing capacity													$ 97,000
Receivables used as collateral for receivables securitization facility			$ 135,200		$ 135,200							136,100
Borrowings under receivable securitization facility, carrying value			93,520		93,520							$ 63,000
Fourth Amended Credit Agreement | Credit Agreement
Debt Instrument
Maximum Credit Agreement Borrowings										$ 3,200,000
Term loans payable										750,000
Payments of financing costs					6,100
Fees capitalized			5,000		5,000
Loss on debt extinguishment					1,100
Fourth Amended Credit Agreement | Credit Agreement | Multicurrency Component
Debt Instrument
Maximum revolving credit facility borrowings										2,450,000
Fourth Amended Credit Agreement | USD Term Loan
Debt Instrument
Term loans payable										$ 500,000
Fourth Amended Credit Agreement | EURO Term Loan
Debt Instrument
Term loans payable | €											€ 230
Third Amended Credit Agreement | Credit Agreement
Debt Instrument
Maximum Credit Agreement Borrowings														$ 2,300,000
Loss on debt extinguishment					1,800
Rhiag
Debt Instrument
Debt Incurred under Line of Credit Facility, Used to Repay Debt Acquired	$ 508,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt			$ 550,843		$ 550,843		€ 488.8
Rhiag | Senior Notes
Debt Instrument
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt	519,600								€ 465
Accrued interest	8,000	€ 7.1
Payments of Debt Extinguishment Costs	23,800	21.2
Interest Rate Swap | Rhiag | Senior Notes
Debt Instrument
Payments for Derivative Instrument, Financing Activities	$ 4,900	€ 4.4

Derivative Instruments and He58

Derivative Instruments and Hedging Activities - Additional Information (Details) $ in Millions	Jun. 30, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net loss included in accumulated other comprehensive income (loss) to be reclassified into interest expense within the next 12 months	$ 2.4

Schedule of Cash Flow Hedges (D

Schedule of Cash Flow Hedges (Details) £ in Thousands, CAD in Thousands, $ in Thousands	Jun. 30, 2016USD ($)	Jun. 30, 2016GBP (£)	Jun. 30, 2016CAD	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015GBP (£)	Dec. 31, 2015CAD
Derivative
Derivative Liability, Current	$ 709				$ 1,347
Derivative Liability, Noncurrent	5,715
Interest Rate Swap | US Dollar Notional Amount
Derivative
Derivative, Notional Amount	760,000				170,000
Derivative Liability, Current	500				858
Derivative Liability, Noncurrent	5,715
Interest Rate Swap | US Dollar Notional Amount | 2016 Interest Rate Swaps
Derivative
Derivative, Notional Amount	150,000			$ 440,000
Interest Rate Swap | Pound Sterling Notional Amount
Derivative
Derivative, Notional Amount | £		£ 50,000				£ 50,000
Derivative Liability, Current	209				465
Derivative Liability, Noncurrent	0
Interest Rate Swap | Canadian Dollar Notional Amount
Derivative
Derivative, Notional Amount | CAD			CAD 0				CAD 25,000
Derivative Liability, Current	$ 0				$ 24

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) $ in Thousands, € in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Apr. 14, 2016EUR (€)	Dec. 31, 2015USD ($)	May 09, 2013USD ($)
Fair Value Measurements
Portion of change in fair value included in earnings related to contingent consideration obligations outstanding at period end	$ (46)	$ (125)	$ (119)	$ (276)
Contingent Consideration Liabilities
Fair Value Measurements
Portion of change in fair value included in earnings related to contingent consideration obligations outstanding at period end		$ 100		$ 100
Credit Agreement
Fair Value Measurements
Borrowings under credit agreement, carrying value	2,000,000		2,000,000			$ 891,100
Receivables Securitization Facility
Fair Value Measurements
Borrowings under receivable securitization facility, carrying value	93,520		93,520			63,000
Senior Notes
Fair Value Measurements
Debt instrument, fair value	587,900		587,900			567,300
Debt instrument, carrying value	600,000		600,000			600,000	$ 600,000
Euro Notes
Fair Value Measurements
Debt instrument, fair value	573,100		573,100
Debt instrument, carrying value	$ 555,400		$ 555,400		€ 500	$ 0

Financial Assets and Liabilitie

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value assets measured on recurring basis	$ 33,574	$ 29,782
Fair value liabilities measured on recurring basis	44,300	36,267
Cash surrender value of life insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value assets measured on recurring basis	33,574	29,782
Contingent consideration liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	3,134	4,584
Deferred compensation liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	34,742	30,336
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	6,424	1,347
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value assets measured on recurring basis	33,574	29,782
Fair value liabilities measured on recurring basis	41,166	31,683
Fair Value, Inputs, Level 2 | Cash surrender value of life insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value assets measured on recurring basis	33,574	29,782
Fair Value, Inputs, Level 2 | Deferred compensation liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	34,742	30,336
Fair Value, Inputs, Level 2 | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	6,424	1,347
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	3,134	4,584
Fair Value, Inputs, Level 3 | Contingent consideration liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value liabilities measured on recurring basis	$ 3,134	$ 4,584

Changes in Fair Value of Contin

Changes in Fair Value of Contingent Consideration Obligations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Contingent Consideration Obligations [Roll Forward]
Beginning balance	$ 3,079	$ 5,561	$ 4,584	$ 7,295
Payments	0	(538)	(1,667)	(2,205)
Increase (decrease) in fair value included in earnings	46	125	119	276
Exchange rate effects	9	43	98	(175)
Ending balance	$ 3,134	$ 5,191	$ 3,134	$ 5,191

Future Minimum Lease Commitment

Future Minimum Lease Commitments (Details) $ in Thousands	Jun. 30, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	$ 97,039
2,017	172,688
2,018	142,782
2,019	114,178
2,020	92,563
2,021	70,136
Thereafter	351,954
Future Minimum Lease Payments	$ 1,041,340

Income Taxes Income Taxes - Add

Income Taxes Income Taxes - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition
Effective income tax rate	34.80%	35.20%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 0.3
Rhiag and PGW
Business Acquisition
Deferred Tax Assets, Other	$ 29.6
Deferred Tax Liabilities, Other	$ 136.5

Segment and Geographic Inform65

Segment and Geographic Information - Additional Information (Details)	3 Months Ended
	Jun. 30, 2016
Segment Reporting Information
Number of operating segments	5
Number of reportable segments	4
North America
Segment Reporting Information
Number of reportable segments	1

Schedule of Financial Performan

Schedule of Financial Performance by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information
Revenue	$ 2,450,693	$ 1,838,070	$ 4,372,169	$ 3,611,982
Segment EBITDA	318,900	233,021	555,511	454,336
Depreciation and amortization	57,716	31,045	90,882	61,714
North America
Segment Reporting Information
Revenue	1,080,520	1,045,151	2,168,097	2,091,324
Segment EBITDA	163,825	138,880	311,200	288,268
Depreciation and amortization	17,622	17,249	35,137	34,515
Europe
Segment Reporting Information
Revenue	824,206	509,903	1,370,967	997,249
Segment EBITDA	89,982	53,943	147,480	100,466
Depreciation and amortization	28,280	8,704	38,588	17,055
Specialty
Segment Reporting Information
Revenue	337,066	284,330	625,379	525,552
Segment EBITDA	41,792	40,198	73,530	65,602
Depreciation and amortization	5,283	5,092	10,626	10,144
Glass
Segment Reporting Information
Revenue	210,178		210,178
Segment EBITDA	23,301		23,301
Depreciation and amortization	6,531		6,531
Intersegment Eliminations
Segment Reporting Information
Revenue	(1,277)	(1,314)	(2,452)	(2,143)
Third Party | North America
Segment Reporting Information
Revenue	1,080,401	1,044,779	2,167,764	2,090,858
Third Party | Europe
Segment Reporting Information
Revenue	824,216	509,833	1,370,967	997,179
Third Party | Specialty
Segment Reporting Information
Revenue	335,972	283,458	623,334	523,945
Third Party | Glass
Segment Reporting Information
Revenue	210,104		210,104
Intersegment | North America
Segment Reporting Information
Revenue	119	372	333	466
Intersegment | Europe
Segment Reporting Information
Revenue	10	70	0	70
Intersegment | Specialty
Segment Reporting Information
Revenue	1,094	872	2,045	1,607
Intersegment | Glass
Segment Reporting Information
Revenue	74		74
Intersegment | Intersegment Eliminations
Segment Reporting Information
Revenue	$ (1,277)	$ (1,314)	$ (2,452)	$ (2,143)

Reconciliation Of Segment EBITD

Reconciliation Of Segment EBITDA To Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting [Abstract]
Segment EBITDA	$ 318,900	$ 233,021	$ 555,511	$ 454,336
Restructuring and acquisition related expenses	9,080	1,663	23,891	8,151
Business Combination, Adjustment, Inventory	10,213		10,213
Change in fair value of contingent consideration liabilities	46	125	119	276
Equity in earnings of unconsolidated subsidiaries	147	(1,162)	(215)	(3,070)
Gains on foreign exchange contracts - acquisition related		0	18,342	0
EBITDA	299,708	230,071	539,415	442,839
Depreciation and amortization - cost of goods sold	5,187	1,263	6,665	2,479
Depreciation and amortization	52,529	29,782	84,217	59,235
Interest expense, net	26,381	14,622	40,973	29,528
Loss on debt extinguishment	0	0	26,650	0
Provision for income taxes	74,874	64,682	132,441	124,780
Net income	$ 140,737	$ 119,722	$ 248,469	$ 226,817

Schedule of Capital Expenditure

Schedule of Capital Expenditures by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information
Capital Expenditures	$ 51,926	$ 40,667	$ 102,319	$ 66,763
North America
Segment Reporting Information
Capital Expenditures	19,448	14,744	42,231	30,147
Europe
Segment Reporting Information
Capital Expenditures	21,444	22,303	40,551	30,172
Specialty
Segment Reporting Information
Capital Expenditures	2,150	3,620	10,653	6,444
Glass
Segment Reporting Information
Capital Expenditures	$ 8,884	$ 0	$ 8,884	$ 0

Schedule of Assets by Reportabl

Schedule of Assets by Reportable Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Segment Reporting Information
Receivables, net	$ 995,153	$ 590,160
Inventories, net	1,890,536	1,556,552
Property, Plant and Equipment, net	1,055,046	696,567
Other unallocated assets	4,245,209	2,804,558
Total Assets	8,185,944	5,647,837
North America
Segment Reporting Information
Receivables, net	331,359	314,743
Inventories, net	807,132	847,787
Property, Plant and Equipment, net	479,907	467,961
Europe
Segment Reporting Information
Receivables, net	444,064	215,710
Inventories, net	613,928	427,323
Property, Plant and Equipment, net	242,741	175,455
Specialty
Segment Reporting Information
Receivables, net	99,871	59,707
Inventories, net	305,396	281,442
Property, Plant and Equipment, net	58,443	53,151
Glass
Segment Reporting Information
Receivables, net	119,859	0
Inventories, net	164,080	0
Property, Plant and Equipment, net	$ 273,955	$ 0

Schedule of Revenue by Geograph

Schedule of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues from External Customers and Long-Lived Assets
Revenue	$ 2,450,693	$ 1,838,070	$ 4,372,169	$ 3,611,982
United States
Revenues from External Customers and Long-Lived Assets
Revenue	1,483,840	1,228,424	2,768,807	2,423,369
United Kingdom
Revenues from External Customers and Long-Lived Assets
Revenue	358,266	347,064	707,942	690,671
Other countries
Revenues from External Customers and Long-Lived Assets
Revenue	$ 608,587	$ 262,582	$ 895,420	$ 497,942

Schedule of Tangible Long-Lived

Schedule of Tangible Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets
Long-lived Assets	$ 1,055,046	$ 696,567
United States
Revenues from External Customers and Long-Lived Assets
Long-lived Assets	749,504	493,300
United Kingdom
Revenues from External Customers and Long-Lived Assets
Long-lived Assets	147,556	138,546
Other countries
Revenues from External Customers and Long-Lived Assets
Long-lived Assets	$ 157,986	$ 64,721

Schedule of Revenue by Product

Schedule of Revenue by Product Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue from External Customers
Revenue	$ 2,450,693	$ 1,838,070	$ 4,372,169	$ 3,611,982
Aftermarket, other new and refurbished products
Revenue from External Customers
Revenue	1,756,334	1,296,168	3,144,070	2,542,639
Recycled, remanufactured and related products and services
Revenue from External Customers
Revenue	435,023	408,180	865,612	806,625
Other
Revenue from External Customers
Revenue	118,704	133,722	221,855	262,718
Glass manufacturing products
Revenue from External Customers
Revenue	$ 140,632	$ 0	$ 140,632	$ 0

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and equivalents	$ 273,203	$ 87,397	$ 143,423	$ 114,605
Receivables, net	995,153	590,160
Intercompany receivables, net	0	0
Inventories, net	1,890,536	1,556,552
Prepaid expenses and other current assets	139,536	106,603
Total Current Assets	3,298,428	2,340,712
Property, Plant and Equipment, net	1,055,046	696,567
Intangible Assets:
Goodwill	3,059,488	2,319,246
Other intangibles, net	630,360	215,117
Investment in Subsidiaries	0	0
Intercompany Notes Receivable	0	0
Other Assets	142,622	76,195
Total Assets	8,185,944	5,647,837
Current Liabilities:
Accounts payable	735,138	415,588
Intercompany payables, net	0	0
Accrued expenses:
Accrued payroll-related liabilities	102,962	86,527
Other accrued expenses	228,656	162,225
Other current liabilities	40,794	31,596
Current portion of long-term obligations	60,832	56,034
Total Current Liabilities	1,168,382	751,970
Long-Term Obligations, Excluding Current Portion	3,274,629	1,528,668
Intercompany Notes Payable	0	0
Deferred Income Taxes	225,338	127,239
Other Noncurrent Liabilities	209,956	125,278
Stockholders’ Equity	3,307,639	3,114,682
Total Liabilities and Stockholders’ Equity	8,185,944	5,647,837
Consolidation, Eliminations
Current Assets:
Cash and equivalents	0	0	0	0
Receivables, net	0	0
Intercompany receivables, net	(26,088)	(13,547)
Inventories, net	0	0
Prepaid expenses and other current assets	0	0
Total Current Assets	(26,088)	(13,547)
Property, Plant and Equipment, net	0	0
Intangible Assets:
Goodwill	0	0
Other intangibles, net	0	0
Investment in Subsidiaries	(5,316,994)	(3,742,121)
Intercompany Notes Receivable	(1,911,072)	(692,481)
Other Assets	(7,844)	(5,856)
Total Assets	(7,261,998)	(4,454,005)
Current Liabilities:
Accounts payable	0	0
Intercompany payables, net	(26,088)	(13,547)
Accrued expenses:
Accrued payroll-related liabilities	0	0
Other accrued expenses	0	0
Other current liabilities	0	0
Current portion of long-term obligations	0	0
Total Current Liabilities	(26,088)	(13,547)
Long-Term Obligations, Excluding Current Portion	0	0
Intercompany Notes Payable	(1,911,072)	(692,481)
Deferred Income Taxes	(7,844)	(5,856)
Other Noncurrent Liabilities	0	0
Stockholders’ Equity	(5,316,994)	(3,742,121)
Total Liabilities and Stockholders’ Equity	(7,261,998)	(4,454,005)
Parent Company
Current Assets:
Cash and equivalents	52,144	17,616	45,801	14,930
Receivables, net	0	0
Intercompany receivables, net	14,864	3
Inventories, net	0	0
Prepaid expenses and other current assets	2,083	15,254
Total Current Assets	69,091	32,873
Property, Plant and Equipment, net	271	339
Intangible Assets:
Goodwill	0	0
Other intangibles, net	0	0
Investment in Subsidiaries	5,038,195	3,456,837
Intercompany Notes Receivable	1,130,732	630,717
Other Assets	41,418	35,649
Total Assets	6,279,707	4,156,415
Current Liabilities:
Accounts payable	1,669	681
Intercompany payables, net	0	0
Accrued expenses:
Accrued payroll-related liabilities	4,726	4,395
Other accrued expenses	5,085	5,399
Other current liabilities	283	284
Current portion of long-term obligations	19,262	21,041
Total Current Liabilities	31,025	31,800
Long-Term Obligations, Excluding Current Portion	2,146,730	976,353
Intercompany Notes Payable	750,000	0
Deferred Income Taxes	0	0
Other Noncurrent Liabilities	44,313	33,580
Stockholders’ Equity	3,307,639	3,114,682
Total Liabilities and Stockholders’ Equity	6,279,707	4,156,415
Guarantor Subsidiaries
Current Assets:
Cash and equivalents	31,140	13,432	28,715	32,103
Receivables, net	372,413	214,502
Intercompany receivables, net	11,224	0
Inventories, net	1,203,556	1,060,834
Prepaid expenses and other current assets	53,520	44,810
Total Current Assets	1,671,853	1,333,578
Property, Plant and Equipment, net	743,265	494,658
Intangible Assets:
Goodwill	1,825,033	1,640,745
Other intangibles, net	161,257	141,537
Investment in Subsidiaries	278,799	285,284
Intercompany Notes Receivable	780,340	61,764
Other Assets	80,687	28,184
Total Assets	5,541,234	3,985,750
Current Liabilities:
Accounts payable	355,545	229,519
Intercompany payables, net	0	13,544
Accrued expenses:
Accrued payroll-related liabilities	48,724	48,698
Other accrued expenses	90,554	80,886
Other current liabilities	16,820	15,953
Current portion of long-term obligations	2,826	1,425
Total Current Liabilities	514,469	390,025
Long-Term Obligations, Excluding Current Portion	8,449	7,487
Intercompany Notes Payable	1,114,430	615,488
Deferred Income Taxes	111,766	113,905
Other Noncurrent Liabilities	124,822	70,109
Stockholders’ Equity	3,667,298	2,788,736
Total Liabilities and Stockholders’ Equity	5,541,234	3,985,750
Non-Guarantor Subsidiaries
Current Assets:
Cash and equivalents	189,919	56,349	$ 68,907	$ 67,572
Receivables, net	622,740	375,658
Intercompany receivables, net	0	13,544
Inventories, net	686,980	495,718
Prepaid expenses and other current assets	83,933	46,539
Total Current Assets	1,583,572	987,808
Property, Plant and Equipment, net	311,510	201,570
Intangible Assets:
Goodwill	1,234,455	678,501
Other intangibles, net	469,103	73,580
Investment in Subsidiaries	0	0
Intercompany Notes Receivable	0	0
Other Assets	28,361	18,218
Total Assets	3,627,001	1,959,677
Current Liabilities:
Accounts payable	377,924	185,388
Intercompany payables, net	26,088	3
Accrued expenses:
Accrued payroll-related liabilities	49,512	33,434
Other accrued expenses	133,017	75,940
Other current liabilities	23,691	15,359
Current portion of long-term obligations	38,744	33,568
Total Current Liabilities	648,976	343,692
Long-Term Obligations, Excluding Current Portion	1,119,450	544,828
Intercompany Notes Payable	46,642	76,993
Deferred Income Taxes	121,416	19,190
Other Noncurrent Liabilities	40,821	21,589
Stockholders’ Equity	1,649,696	953,385
Total Liabilities and Stockholders’ Equity	$ 3,627,001	$ 1,959,677

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Financial Statements, Captions [Line Items]
Revenue	$ 2,450,693	$ 1,838,070	$ 4,372,169	$ 3,611,982
Cost of goods sold	1,528,746	1,114,126	2,689,785	2,188,559
Gross margin	921,947	723,944	1,682,384	1,423,423
Facility and warehouse expenses	178,670	136,379	336,275	269,036
Distribution expenses	184,331	150,039	336,674	291,753
Selling, general and administrative expenses	254,153	205,796	472,471	409,037
Restructuring and acquisition related expenses	9,080	1,663	23,891	8,151
Depreciation and amortization	52,529	29,782	84,217	59,235
Operating income	243,184	200,285	428,856	386,211
Other expense (income):
Interest expense, net	26,381	14,622	40,973	29,528
Intercompany interest (income) expense, net	0	0	0	0
Loss on debt extinguishment	0	0	26,650	0
Change in fair value of contingent consideration liabilities	46	125	119	276
Gains on foreign exchange contracts - acquisition related	0		(18,342)	0
Other expense (income), net	1,339	97	(1,550)	2,016
Total other expense, net	27,720	14,719	47,731	31,544
Income before provision for income taxes	215,464	185,566	381,125	354,667
Provision for income taxes	74,874	64,682	132,441	124,780
Equity in earnings of unconsolidated subsidiaries	147	(1,162)	(215)	(3,070)
Income (Loss) from Subsidiaries, Net of Tax	0	0	0	0
Net income	140,737	119,722	248,469	226,817
Consolidation, Eliminations
Condensed Financial Statements, Captions [Line Items]
Revenue	(34,171)	(31,215)	(66,499)	(66,154)
Cost of goods sold	(34,171)	(31,215)	(66,499)	(66,154)
Gross margin	0	0	0	0
Facility and warehouse expenses	0	0	0	0
Distribution expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Restructuring and acquisition related expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Operating income	0	0	0	0
Other expense (income):
Interest expense, net	0	0	0	0
Intercompany interest (income) expense, net	0	0	0	0
Loss on debt extinguishment			0
Gains on foreign exchange contracts - acquisition related			0
Other expense (income), net	0	0	0	0
Total other expense, net	0	0	0	0
Income before provision for income taxes	0	0	0	0
Provision for income taxes	0	0	0	0
Equity in earnings of unconsolidated subsidiaries	0	0	0	0
Income (Loss) from Subsidiaries, Net of Tax	(156,186)	(133,428)	(274,374)	(253,215)
Net income	(156,186)	(133,428)	(274,374)	(253,215)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Revenue	0	0	0	0
Cost of goods sold	0	0	0	0
Gross margin	0	0	0	0
Facility and warehouse expenses	0	0	0	0
Distribution expenses	0	0	0	0
Selling, general and administrative expenses	8,887	8,761	19,266	16,392
Restructuring and acquisition related expenses	0	0	0	0
Depreciation and amortization	33	39	69	79
Operating income	(8,920)	(8,800)	(19,335)	(16,471)
Other expense (income):
Interest expense, net	17,804	12,241	29,921	24,555
Intercompany interest (income) expense, net	(2,355)	(10,378)	(13,032)	(21,201)
Loss on debt extinguishment			2,894
Gains on foreign exchange contracts - acquisition related			(18,342)
Other expense (income), net	33	2	(78)	27
Total other expense, net	15,482	1,865	1,363	3,381
Income before provision for income taxes	(24,402)	(10,665)	(20,698)	(19,852)
Provision for income taxes	(9,384)	(4,294)	(7,961)	(8,049)
Equity in earnings of unconsolidated subsidiaries	0	0	(795)	0
Income (Loss) from Subsidiaries, Net of Tax	155,755	126,093	262,001	238,620
Net income	140,737	119,722	248,469	226,817
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	1,530,947	1,269,541	2,849,114	2,495,449
Cost of goods sold	951,356	770,026	1,746,596	1,510,829
Gross margin	579,591	499,515	1,102,518	984,620
Facility and warehouse expenses	118,649	100,289	233,859	198,050
Distribution expenses	118,321	102,753	222,475	198,745
Selling, general and administrative expenses	132,488	119,958	259,156	241,620
Restructuring and acquisition related expenses	7,082	1,185	11,118	7,245
Depreciation and amortization	23,461	19,873	44,005	39,764
Operating income	179,590	155,457	331,905	299,196
Other expense (income):
Interest expense, net	(309)	(172)	(166)	(129)
Intercompany interest (income) expense, net	2,376	7,056	8,966	14,315
Loss on debt extinguishment			0
Gains on foreign exchange contracts - acquisition related			0
Other expense (income), net	(284)	(1,106)	(3,084)	(2,841)
Total other expense, net	1,783	5,778	5,716	11,345
Income before provision for income taxes	177,807	149,679	326,189	287,851
Provision for income taxes	72,019	59,495	125,464	115,272
Equity in earnings of unconsolidated subsidiaries	347	19	352	30
Income (Loss) from Subsidiaries, Net of Tax	431	7,335	12,373	14,595
Net income	106,566	97,538	213,450	187,204
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	953,917	599,744	1,589,554	1,182,687
Cost of goods sold	611,561	375,315	1,009,688	743,884
Gross margin	342,356	224,429	579,866	438,803
Facility and warehouse expenses	60,021	36,090	102,416	70,986
Distribution expenses	66,010	47,286	114,199	93,008
Selling, general and administrative expenses	112,778	77,077	194,049	151,025
Restructuring and acquisition related expenses	1,998	478	12,773	906
Depreciation and amortization	29,035	9,870	40,143	19,392
Operating income	72,514	53,628	116,286	103,486
Other expense (income):
Interest expense, net	8,886	2,553	11,218	5,102
Intercompany interest (income) expense, net	(21)	3,322	4,066	6,886
Loss on debt extinguishment			23,756
Gains on foreign exchange contracts - acquisition related			0
Other expense (income), net	1,590	1,201	1,612	4,830
Total other expense, net	10,455	7,076	40,652	16,818
Income before provision for income taxes	62,059	46,552	75,634	86,668
Provision for income taxes	12,239	9,481	14,938	17,557
Equity in earnings of unconsolidated subsidiaries	(200)	(1,181)	228	(3,100)
Income (Loss) from Subsidiaries, Net of Tax	0	0	0	0
Net income	$ 49,620	$ 35,890	$ 60,924	$ 66,011

Condensed Consolidating State75

Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Financial Statements, Captions [Line Items]
Net income	$ 140,737	$ 119,722	$ 248,469	$ 226,817
Other comprehensive income (loss), net of tax:
Foreign currency translation	(73,257)	44,510	(73,117)	(10,300)
Net change in unrecognized gains/losses on derivative instruments, net of tax	(3,614)	918	(3,182)	1,201
Net change in unrealized gains/losses on pension plan, net of tax	120	(21)	267	107
Total other comprehensive (loss) income	(76,751)	45,407	(76,032)	(8,992)
Total comprehensive income	63,986	165,129	172,437	217,825
Consolidation, Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income	(156,186)	(133,428)	(274,374)	(253,215)
Other comprehensive income (loss), net of tax:
Foreign currency translation	88,946	(57,350)	94,840	9,821
Net change in unrecognized gains/losses on derivative instruments, net of tax	(99)	(191)	(195)	(129)
Net change in unrealized gains/losses on pension plan, net of tax	(120)	21	(267)	(107)
Total other comprehensive (loss) income	88,727	(57,520)	94,378	9,585
Total comprehensive income	(67,459)	(190,948)	(179,996)	(243,630)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net income	140,737	119,722	248,469	226,817
Other comprehensive income (loss), net of tax:
Foreign currency translation	(73,257)	44,510	(73,117)	(10,300)
Net change in unrecognized gains/losses on derivative instruments, net of tax	(3,614)	918	(3,182)	1,201
Net change in unrealized gains/losses on pension plan, net of tax	120	(21)	267	107
Total other comprehensive (loss) income	(76,751)	45,407	(76,032)	(8,992)
Total comprehensive income	63,986	165,129	172,437	217,825
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income	106,566	97,538	213,450	187,204
Other comprehensive income (loss), net of tax:
Foreign currency translation	(15,116)	13,134	(17,971)	(1,238)
Net change in unrecognized gains/losses on derivative instruments, net of tax	0	0	0	0
Net change in unrealized gains/losses on pension plan, net of tax	0	0	0	0
Total other comprehensive (loss) income	(15,116)	13,134	(17,971)	(1,238)
Total comprehensive income	91,450	110,672	195,479	185,966
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income	49,620	35,890	60,924	66,011
Other comprehensive income (loss), net of tax:
Foreign currency translation	(73,830)	44,216	(76,869)	(8,583)
Net change in unrecognized gains/losses on derivative instruments, net of tax	99	191	195	129
Net change in unrealized gains/losses on pension plan, net of tax	120	(21)	267	107
Total other comprehensive (loss) income	(73,611)	44,386	(76,407)	(8,347)
Total comprehensive income	$ (23,991)	$ 80,276	$ (15,483)	$ 57,664

Condensed Consolidating State76

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities			$ 355,230	$ 282,699
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	$ (51,926)	$ (40,667)	(102,319)	(66,763)
Investment and intercompany note activity with subsidiaries			0	0
Acquisitions, net of cash acquired			(1,268,841)	(37,208)
Proceeds from foreign exchange contracts			18,342	0
Other investing activities, net			11,313	(5,209)
Net cash used in investing activities			(1,341,505)	(109,180)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options			4,889	3,288
Excess tax benefit from stock-based payments			6,685	6,737
Taxes paid related to net share settlements of stock-based compensation awards			(2,281)	(5,243)
Debt issuance costs			(16,171)	0
Proceeds from issuance of euro notes			563,450	0
Borrowings under revolving credit facilities			1,822,020	199,621
Repayments under revolving credit facilities			(1,012,362)	(294,276)
Borrowings under term loans			338,478	0
Repayments under term loans			(4,721)	(11,250)
Borrowings under receivables securitization facility			97,000	2,100
Repayments under receivables securitization facility			(66,480)	(1,758)
Repayments of other long-term debt, net			7,824	42,090
Payments of other obligations			1,371	2,050
Repayment of Rhiag Debt and Related payments			(543,347)	0
Investment and intercompany note activity with parent			0	0
Dividends			0	0
Net cash provided by (used in) financing activities			1,177,965	(144,921)
Effect of exchange rate changes on cash and equivalents			(5,884)	220
Net (decrease) increase in cash and equivalents			185,806	28,818
Cash and equivalents, beginning of period			87,397	114,605	$ 114,605
Cash and equivalents, end of period	273,203	143,423	273,203	143,423	87,397
Consolidation, Eliminations
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities			(148,192)	(116,668)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			0	0
Investment and intercompany note activity with subsidiaries			1,327,746	(30,818)
Acquisitions, net of cash acquired			0	0
Proceeds from foreign exchange contracts			0
Other investing activities, net			0	0
Net cash used in investing activities			1,327,746	(30,818)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options			0	0
Excess tax benefit from stock-based payments			0	0
Taxes paid related to net share settlements of stock-based compensation awards			0	0
Debt issuance costs			0
Proceeds from issuance of euro notes			0
Borrowings under revolving credit facilities			0	0
Repayments under revolving credit facilities			0	0
Borrowings under term loans			0
Repayments under term loans			0	0
Borrowings under receivables securitization facility			0	0
Repayments under receivables securitization facility			0	0
Repayments of other long-term debt, net			0	0
Payments of other obligations			0	0
Repayment of Rhiag Debt and Related payments			0
Investment and intercompany note activity with parent			1,327,746	(30,818)
Dividends			148,192	116,668
Net cash provided by (used in) financing activities			(1,179,554)	147,486
Effect of exchange rate changes on cash and equivalents			0	0
Net (decrease) increase in cash and equivalents			0	0
Cash and equivalents, beginning of period			0	0	0
Cash and equivalents, end of period	0	0	0	0	0
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities			136,098	121,024
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			(2)	(3)
Investment and intercompany note activity with subsidiaries			(1,293,298)	30,818
Acquisitions, net of cash acquired			0	0
Proceeds from foreign exchange contracts			18,342
Other investing activities, net			0	0
Net cash used in investing activities			(1,274,958)	30,815
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options			4,889	3,288
Excess tax benefit from stock-based payments			6,685	6,737
Taxes paid related to net share settlements of stock-based compensation awards			(2,281)	(5,243)
Debt issuance costs			(7,100)
Proceeds from issuance of euro notes			0
Borrowings under revolving credit facilities			1,204,000	132,000
Repayments under revolving credit facilities			(119,000)	(215,000)
Borrowings under term loans			89,317
Repayments under term loans			(3,122)	(11,250)
Borrowings under receivables securitization facility			0	0
Repayments under receivables securitization facility			0	0
Repayments of other long-term debt, net			0	31,500
Payments of other obligations			0	0
Repayment of Rhiag Debt and Related payments			0
Investment and intercompany note activity with parent			0	0
Dividends			0	0
Net cash provided by (used in) financing activities			1,173,388	(120,968)
Effect of exchange rate changes on cash and equivalents			0	0
Net (decrease) increase in cash and equivalents			34,528	30,871
Cash and equivalents, beginning of period			17,616	14,930	14,930
Cash and equivalents, end of period	52,144	45,801	52,144	45,801	17,616
Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities			300,978	188,713
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			(57,742)	(34,791)
Investment and intercompany note activity with subsidiaries			(34,448)	0
Acquisitions, net of cash acquired			(661,852)	(6,583)
Proceeds from foreign exchange contracts			0
Other investing activities, net			400	585
Net cash used in investing activities			(753,642)	(40,789)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options			0	0
Excess tax benefit from stock-based payments			0	0
Taxes paid related to net share settlements of stock-based compensation awards			0	0
Debt issuance costs			0
Proceeds from issuance of euro notes			0
Borrowings under revolving credit facilities			0	0
Repayments under revolving credit facilities			0	0
Borrowings under term loans			0
Repayments under term loans			0	0
Borrowings under receivables securitization facility			0	0
Repayments under receivables securitization facility			0	0
Repayments of other long-term debt, net			1,657	596
Payments of other obligations			1,371	2,050
Repayment of Rhiag Debt and Related payments			0
Investment and intercompany note activity with parent			(621,619)	32,051
Dividends			(148,192)	(116,668)
Net cash provided by (used in) financing activities			470,399	(151,365)
Effect of exchange rate changes on cash and equivalents			(27)	53
Net (decrease) increase in cash and equivalents			17,708	(3,388)
Cash and equivalents, beginning of period			13,432	32,103	32,103
Cash and equivalents, end of period	31,140	28,715	31,140	28,715	13,432
Non-Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities			66,346	89,630
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			(44,575)	(31,969)
Investment and intercompany note activity with subsidiaries			0	0
Acquisitions, net of cash acquired			(606,989)	(30,625)
Proceeds from foreign exchange contracts			0
Other investing activities, net			10,913	(5,794)
Net cash used in investing activities			(640,651)	(68,388)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options			0	0
Excess tax benefit from stock-based payments			0	0
Taxes paid related to net share settlements of stock-based compensation awards			0	0
Debt issuance costs			(9,071)
Proceeds from issuance of euro notes			563,450
Borrowings under revolving credit facilities			618,020	67,621
Repayments under revolving credit facilities			(893,362)	(79,276)
Borrowings under term loans			249,161
Repayments under term loans			(1,599)	0
Borrowings under receivables securitization facility			97,000	2,100
Repayments under receivables securitization facility			(66,480)	(1,758)
Repayments of other long-term debt, net			6,167	9,994
Payments of other obligations			0	0
Repayment of Rhiag Debt and Related payments			(543,347)
Investment and intercompany note activity with parent			(706,127)	(1,233)
Dividends			0	0
Net cash provided by (used in) financing activities			713,732	(20,074)
Effect of exchange rate changes on cash and equivalents			(5,857)	167
Net (decrease) increase in cash and equivalents			133,570	1,335
Cash and equivalents, beginning of period			56,349	67,572	67,572
Cash and equivalents, end of period	$ 189,919	$ 68,907	$ 189,919	$ 68,907	$ 56,349