KAR Auction Services (KAR) 10-Q6 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014	Apr. 30, 2014
Document and Entity Information	'	'
Entity Registrant Name	'KAR Auction Services, Inc.	'
Entity Central Index Key	'0001395942	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	139,799,375
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating revenues	'	'
ADESA Auction Services	$298.10	$283.60
IAA Salvage Services	225	221.6
AFC	60.7	52.4
Total operating revenues	583.8	557.6
Operating expenses	'	'
Cost of services (exclusive of depreciation and amortization)	324.5	331.4
Selling, general and administrative	126.8	100.8
Depreciation and amortization	48.1	47.3
Total operating expenses	499.4	479.5
Operating profit	84.4	78.1
Interest expense	24.1	28.8
Other income, net	-0.5	-0.6
Loss on extinguishment/modification of debt	30.3	3.8
Income before income taxes	30.5	46.1
Income taxes	9.8	17
Net Income	$20.70	$29.10
Net income per share	'	'
Basic (in dollars per share)	$0.15	$0.21
Diluted (in dollars per share)	$0.15	$0.21
Dividends declared per common share (in dollars per share)	$0.25	$0.19

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net Income	$20.70	$29.10
Other comprehensive loss, net of tax	'	'
Foreign currency translation loss	-8.5	-6
Unrealized gain on interest rate derivatives, net of tax of $(0.1) for the three months ended March 31, 2013	0	0.1
Total other comprehensive loss, net of tax	-8.5	-5.9
Comprehensive income	$12.20	$23.20

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013
Unrealized gain on interest rate derivatives, tax	($0.10)

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current assets	'	'
Cash and cash equivalents	$251.20	$191.60
Restricted cash	14.9	18.8
Trade receivables, net of allowances of $5.3 and $4.8	457.4	354.3
Finance receivables, net of allowances $8.0 and $8.0	1,099.90	1,099.60
Deferred income tax assets	36.2	36.2
Other current assets	94.5	91
Total current assets	1,954.10	1,791.50
Other assets	'	'
Goodwill	1,705.40	1,705.10
Customer relationships, net of accumulated amortization of $496.3 and $479.0	546.9	569.9
Other intangible assets, net of accumulated amortization of $230.2 and $219.6	304.9	307.1
Unamortized debt issuance costs	20.9	37.9
Other assets	9.2	11.9
Total other assets	2,587.30	2,631.90
Property and equipment, net of accumulated depreciation of $486.1 and $472.6	693.6	703.8
Total assets	5,235	5,127.20
Current liabilities	'	'
Accounts payable	587.8	435.5
Accrued employee benefits and compensation expenses	53	63.9
Accrued interest	0.3	0.3
Other accrued expenses	99.3	93
Income taxes payable	0.3	2.3
Dividends payable	34.9	34.7
Obligations collateralized by finance receivables	757.6	772.4
Current maturities of long-term debt	17.7	32.5
Total current liabilities	1,550.90	1,434.60
Non-current liabilities	'	'
Long-term debt	1,749.50	1,734.70
Deferred income tax liabilities	334.7	354.8
Other liabilities	116	121.3
Total non-current liabilities	2,200.20	2,210.80
Commitments and contingencies (Note 8)	'	'
Stockholders' equity	'	'
Preferred stock, $0.01 par value: Authorized shares: 100,000,000; Issued shares: none	'	'
Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: March 31, 2014: 139,714,661 December 31, 2013: 139,027,581	1.4	1.4
Additional paid-in capital	1,558.80	1,534
Accumulated deficit	-86.5	-72.3
Accumulated other comprehensive income	10.2	18.7
Total stockholders' equity	1,483.90	1,481.80
Total liabilities and stockholders' equity	$5,235	$5,127.20

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Trade receivables, allowances (in dollars)	$5.30	$4.80
Finance receivables, allowances (in dollars)	8	8
Customer relationships, accumulated amortization (in dollars)	496.3	479
Other intangible assets, accumulated amortization (in dollars)	230.2	219.6
Property and equipment, accumulated depreciation (in dollars)	$486.10	$472.60
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, Authorized shares	100,000,000	100,000,000
Preferred stock, Issued shares	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, Authorized shares	400,000,000	400,000,000
Common stock, Issued shares	139,714,661	139,027,581
Common stock, outstanding shares	139,714,661	139,027,581

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income
In Millions, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income
Balance at Dec. 31, 2013	$1,481.80	$1.40	$1,534	($72.30)	$18.70
Balance (in shares) at Dec. 31, 2013	139,027,581	139,000,000	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Net Income	20.7	'	'	20.7	'
Other comprehensive loss, net of tax	-8.5	'	'	'	-8.5
Issuance of common stock under stock plans	7.9	'	7.9	'	'
Issuance of common stock under stock plans (in shares)	'	700,000	'	'	'
Stock-based compensation expense	15.1	'	15.1	'	'
Excess tax benefits from stock-based compensation	1.8	'	1.8	'	'
Cash dividends declared to stockholders	-34.9	'	'	-34.9	'
Balance at Mar. 31, 2014	$1,483.90	$1.40	$1,558.80	($86.50)	$10.20
Balance (in shares) at Mar. 31, 2014	139,714,661	139,700,000	'	'	'

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash dividends declared to stockholders (in dollars per share)	$0.25	$0.19

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities	'	'
Net Income	$20.70	$29.10
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	48.1	47.3
Provision for credit losses	4.8	2.3
Deferred income taxes	-20.2	1.9
Amortization of debt issuance costs	2.8	2.1
Stock-based compensation	15.1	-0.6
Gain on disposal of fixed assets	0	-0.1
Loss on extinguishment/modification of debt	30.3	3.8
Other non-cash, net	1.1	1.7
Changes in operating assets and liabilities, net of acquisitions:	'	'
Trade receivables and other assets	-103.2	-120.3
Accounts payable and accrued expenses	92.8	123.6
Net cash provided by operating activities	92.3	90.8
Investing activities	'	'
Net increase in finance receivables held for investment	-7.2	-4.3
Acquisition of businesses, net of cash acquired	-0.5	-1
Purchases of property, equipment and computer software	-22.4	-22.6
Proceeds from the sale of property and equipment	0	0.1
Decrease in restricted cash	3.9	3.7
Net cash used by investing activities	-26.2	-24.1
Financing activities	'	'
Net increase in book overdrafts	55.2	57
Net decrease in obligations collateralized by finance receivables	-12.1	-36.7
Proceeds from long-term debt	1,767.20	188
Payments for debt issuance costs/amendments	-11.7	-16.5
Payments on long-term debt	-1,771.80	-4.6
Payment for early extinguishment of debt	0	-38.4
Payments on capital leases	-4.8	-3.8
Payments of contingent consideration and deferred acquisition costs	-0.2	-0.4
Issuance of common stock under stock plans	7.9	3.7
Excess tax benefits from stock-based compensation	1.8	0.8
Dividends paid to stockholders	-34.7	0
Net cash (used by) provided by financing activities	-3.2	149.1
Effect of exchange rate changes on cash	-3.3	-2.4
Net increase in cash and cash equivalents	59.6	213.4
Cash and cash equivalents at beginning of period	191.6	108.7
Cash and cash equivalents at end of period	251.2	322.1
Cash paid for interest	20.1	24.5
Cash paid for taxes, net of refunds	$19.60	$14.20

Basis_of_Presentation_and_Natu

Basis of Presentation and Nature of Operations	3 Months Ended
Basis of Presentation and Nature of Operations	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation and Nature of Operations	'
	Basis of Presentation and Nature of Operations
	Defined Terms
	Unless otherwise indicated or unless the context otherwise requires, the following terms used herein shall have the following meanings:

	•	"we," "us," "our" and "the Company" refer, collectively, to KAR Auction Services, Inc. and all of its subsidiaries;

	•	"ADESA" refers, collectively, to ADESA, Inc., a wholly-owned subsidiary of KAR Auction Services, and ADESA, Inc.'s subsidiaries, including OPENLANE, Inc. (together with OPENLANE, Inc.'s subsidiaries, "OPENLANE");

	•	"AFC" refers, collectively, to Automotive Finance Corporation, a wholly-owned subsidiary of ADESA, and Automotive Finance Corporation's subsidiaries and other related entities, including PWI Holdings, Inc.;

	•	"Axle LLC" refers to Axle Holdings II, LLC, the former ultimate parent company of IAA and a holder of common equity interests in KAR LLC;

	•	"Credit Agreement" refers to the Amended and Restated Credit Agreement, dated March 11, 2014, among KAR Auction Services, as the borrower, the several banks and other financial institutions or entities from time to time parties thereto and the administrative agent;

	•	"Original Credit Agreement" refers to the Credit Agreement, dated May 19, 2011, among KAR Auction Services, as the borrower, the several banks and other financial institutions or entities from time to time parties thereto and the administrative agent, as amended on November 29, 2012 and March 12, 2013;

	•	"Credit Facility" refers to the three year senior secured term loan B-1 facility ("Term Loan B-1"), the seven year senior secured term loan B-2 facility ("Term Loan B-2") and the $250 million, five year senior secured revolving credit facility (the "new revolving credit facility"), the terms of which are set forth in the Credit Agreement;

	•	"Original Credit Facility" refers to the six year senior secured term loan facility ("Term Loan B") and the $250 million, five year senior secured revolving credit facility (the "old revolving credit facility"), the terms of which are set forth in the Original Credit Agreement;

	•	"Equity Sponsors" refers, collectively, to Kelso Investment Associates VII, L.P., GS Capital Partners VI, L.P., ValueAct Capital Master Fund, L.P. and Parthenon Investors II, L.P.;

	•	"IAA" refers, collectively, to Insurance Auto Auctions, Inc., a wholly-owned subsidiary of KAR Auction Services, and Insurance Auto Auctions, Inc.'s subsidiaries;

	•	"KAR Auction Services" refers to KAR Auction Services, Inc. and not to its subsidiaries; and

	•	"KAR LLC" refers to KAR Holdings II, LLC, which is owned by affiliates of the Equity Sponsors, other equity co-investors and management of the Company.
	Basis of Presentation
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for annual financial statements. Operating results for interim periods are not necessarily indicative of results that may be expected for the year as a whole. In the opinion of management, the consolidated financial statements reflect all adjustments, generally consisting of normal recurring accruals necessary, for a fair statement of our results of operations, cash flows and financial position for the periods presented. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the date of the financial statements and during the reporting period. Actual results could differ from these estimates.
	These consolidated financial statements and condensed notes to consolidated financial statements are unaudited and should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the Securities and Exchange Commission on February 19, 2014. The 2013 year-end consolidated balance sheet data included in this Form 10-Q was derived from the audited financial statements referenced above, but does not include all disclosures required by U.S. GAAP for annual financial statements.
	Business and Nature of Operations
	As of March 31, 2014, we have a network of 65 ADESA whole car auction sites and 165 IAA salvage vehicle auction sites; in addition, we offer online auctions for both whole car and salvage vehicles. Our auctions facilitate the sale of used and salvage vehicles through physical, online or hybrid auctions, which permit Internet buyers to participate in physical auctions. ADESA Auctions and IAA are leading, national providers of wholesale and salvage vehicle auctions and related vehicle remarketing services for the automotive industry in North America. ADESA's online service offerings include customized private label solutions powered with software developed by its wholly-owned subsidiary, OPENLANE, that allow our institutional consignors (automobile manufacturers, captive finance companies and other institutions) to offer vehicles via the Internet prior to arrival at the physical auction. Remarketing services include a variety of activities designed to transfer used and salvage vehicles between sellers and buyers throughout the vehicle life cycle. ADESA Auctions and IAA facilitate the exchange of these vehicles through an auction marketplace, which aligns sellers and buyers. As an agent for customers, the Company generally does not take title to or ownership to vehicles sold at the auctions. Generally, fees are earned from the seller and buyer on each successful auction transaction in addition to fees earned for ancillary services.
	ADESA has the second largest used vehicle auction network in North America, based upon the number of used vehicles sold through auctions annually, and also provides services such as inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative and recovery services. ADESA is able to serve the diverse and multi-faceted needs of its customers through the wide range of services offered.
	IAA is one of the leading providers of salvage vehicle auctions and related services in North America. The salvage auctions facilitate the remarketing of damaged vehicles that are designated as total losses by insurance companies, recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made, purchased vehicles and older model vehicles donated to charity or sold by dealers in salvage auctions. The salvage auction business specializes in providing services such as inbound transportation logistics, inspections, evaluations, salvage recovery services, titling and settlement administrative services.
	AFC is a leading provider of floorplan financing to independent used vehicle dealers and this financing is provided through 105 locations throughout the United States and Canada as of March 31, 2014. Floorplan financing supports independent used vehicle dealers in North America who purchase vehicles at ADESA, IAA, other used vehicle and salvage auctions and non-auction purchases. In addition to floorplan financing, AFC also provides independent used vehicle dealers with other related services and products, such as warranty service contracts.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	Acquisitions
	In December 2013, the Company purchased the assets of High Tech Locksmiths ("HTL"), which specializes in products for the automotive industry. HTL is the largest provider of transponder, remote, high-security and car smart keys in North America. HTL utilizes technologically advanced equipment and processes that the Company believes will benefit customers across the KAR business units. The purchased assets of HTL included accounts receivable, inventory, operating equipment, software, customer relationships and tradenames related to the business. Financial results for this acquisition have been included in our consolidated financial statements from the date of acquisition.
	The purchase price of HTL was approximately $24.9 million, which included estimated contingent payments and deferred costs with a present value of $7.6 million. The maximum amount of undiscounted contingent payments and deferred costs related to this acquisition would approximate $8.5 million. The acquired assets and liabilities were recorded based upon fair values, including $11.0 million assigned to intangible assets, representing the fair value of acquired customer relationships, tradenames and software, which are being amortized over their respective useful lives. The acquisition resulted in goodwill of $4.3 million. The goodwill is recorded in the ADESA Auctions reportable segment. The financial impact of this acquisition, including annualized pro forma financial results, was immaterial to the Company's consolidated statement of income for the year ended December 31, 2013. In addition, the financial impact of this acquisition was immaterial to the Company's consolidated results for the three months ended March 31, 2014.

StockBased_Compensation_Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation Plans	'
	Stock-Based Compensation Plans
	We adopted the KAR Auction Services, Inc. 2009 Omnibus and Stock Incentive Plan (‘‘Omnibus Plan’’) in December 2009. The Omnibus Plan is intended to provide equity or cash based awards to our employees. Our stock-based compensation expense has included expense associated with KAR Auction Services, Inc. service and exit option awards, performance-based restricted stock units ("PRSUs"), KAR LLC profit interests and Axle LLC profit interests. We have classified the KAR Auction Services, Inc. service and exit options and PRSUs as equity awards. The KAR LLC and Axle LLC profit interests were classified as liability awards. The main difference between a liability-classified award and an equity-classified award is that liability-classified awards are remeasured each reporting period at fair value.
	In the first quarter of 2014, we granted approximately 0.7 million service options with a weighted average exercise price of $30.01 per share under the Omnibus Plan. The service options have a ten year life and generally vest in four equal annual installments, commencing on the first anniversary of the grant date. The weighted average fair value of the service options granted in the first quarter of 2014 was $6.35 per share. The fair value of service options granted was estimated on the date of grant using the Black-Scholes option pricing model with an expected life of 6.25 years, an expected volatility of 30%, a weighted average annual rate of quarterly dividends of 3.34% and a weighted average risk free interest rate of 1.84%.
	In the first quarter of 2014, we granted a target amount of approximately 0.1 million PRSUs to certain executive officers of the Company. Half of the PRSUs vest three years from the grant date if and to the extent that the Company's total shareholder return relative to that of companies within the S&P 500 Index exceeds certain levels over the same period. The other half of the PRSUs vest if and to the extent that the Company's three year adjusted earnings per share attains certain specified goals.
	In March 2014, the vesting criteria for the third 25% of the exit options granted under the KAR Auction Services, Inc. Stock Incentive Plan and the Omnibus Plan was met and as such, an additional 25% of the outstanding exit options became exercisable.
	The total income tax benefit recognized in the consolidated statement of income for options and PRSUs was approximately $5.4 million and $0.6 million for the three months ended March 31, 2014 and 2013, respectively. There was no income tax benefit recognized by us with respect to the KAR LLC and Axle LLC profit interests. In addition, all of the compensation expense related to the KAR LLC and Axle LLC operating units and value units was recognized and paid as of December 31, 2013. The following table summarizes our stock-based compensation expense by type of award (in millions):


		Three Months Ended
		March 31,
		2014		2013
	Service options	$	0.9	$	0.7

	Exit options	13.5		1.1

	PRSUs	0.7		—

	KAR LLC operating units - profit interests	—		(1.5		)

	KAR LLC value units - profit interests	—		—

	Axle LLC operating units - profit interests	—		(0.9		)

	Axle LLC value units - profit interests	—		—

	Total stock-based compensation expense	$	15.1	$	(0.6	)

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share, Basic and Diluted [Abstract]	'
Net Income Per Share	'
	Net Income Per Share
	The following table sets forth the computation of net income per share (in millions except per share amounts):


		Three Months Ended
		March 31,
		2014		2013
	Net income	$	20.7	$	29.1

	Weighted average common shares outstanding	139.3		136.8

	Effect of dilutive stock options and restricted stock awards	1.6		3.1

	Weighted average common shares outstanding and potential common shares	140.9		139.9

	Net income per share
	Basic	$	0.15	$	0.21

	Diluted	$	0.15	$	0.21

	Basic net income per share was calculated by dividing net income by the weighted-average number of outstanding common shares for the period. Diluted net income per share was calculated consistent with basic net income per share including the effect of dilutive unissued common shares related to our stock-based employee compensation program. The effect of stock options on net income per share-diluted is determined through the application of the treasury stock method, whereby proceeds received by the Company based on assumed exercises are hypothetically used to repurchase our common stock at the average market price during the period. Stock options that would have an anti-dilutive effect on net income per diluted share are excluded from the calculations. Approximately 0.4 million and 0.2 million options were excluded from the calculation of diluted net income per share for the three months ended March 31, 2014 and 2013, respectively. Total options outstanding at March 31, 2014 and 2013 were 7.5 million and 9.2 million, respectively.

Finance_Receivables_and_Obliga

Finance Receivables and Obligations Collateralized by Finance Receivables	3 Months Ended
	Mar. 31, 2014
Notes, Loans and Financing Receivable, Net, Current [Abstract]	'
Finance Receivables and Obligations Collateralized by Finance Receivables	'
	Finance Receivables and Obligations Collateralized by Finance Receivables
	AFC sells the majority of its U.S. dollar denominated finance receivables on a revolving basis and without recourse to a wholly-owned, bankruptcy remote, consolidated special purpose subsidiary ("AFC Funding Corporation") established for the purpose of purchasing AFC's finance receivables. A securitization agreement allows for the revolving sale by AFC Funding Corporation to a group of bank purchasers of undivided interests in certain finance receivables subject to committed liquidity. The agreement expires on June 30, 2016. AFC Funding Corporation had committed liquidity of $800 million for U.S. finance receivables at March 31, 2014.
	We also have an agreement for the securitization of Automotive Finance Canada Inc.'s ("AFCI") receivables. This securitization facility also expires on June 30, 2016. AFCI's committed liquidity is provided through a third party conduit (separate from the U.S. facility) and was C$100 million at March 31, 2014. The receivables sold pursuant to both the U.S. and Canadian securitization agreements are accounted for as secured borrowings.
	The following tables present quantitative information about delinquencies, credit losses less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed. For purposes of this illustration, delinquent receivables are defined as receivables 31 days or more past due.


		March 31, 2014				Net Credit Losses		Net Credit Losses		31-Dec-13
		Principal Amount of:				Three Months Ended		Three Months Ended		Principal Amount of:
	(in millions)	Receivables		Receivables		March 31, 2014		March 31, 2013		Receivables		Receivables
				Delinquent								Delinquent
	Floorplan receivables	$	1,100.60	$	4.6	$	3.6	$	2.7	$	1,099.80	$	5.1

	Other loans	7.3		—		—		—		7.8		—

	Total receivables managed	$	1,107.90	$	4.6	$	3.6	$	2.7	$	1,107.60	$	5.1

	AFC's allowance for losses was $8.0 million at March 31, 2014 and December 31, 2013.
	As of March 31, 2014 and December 31, 2013, $1,099.4 million and $1,100.2 million, respectively, of finance receivables and a cash reserve of 1 percent of the obligations collateralized by finance receivables served as security for the $757.6 million and $772.4 million of obligations collateralized by finance receivables at March 31, 2014 and December 31, 2013, respectively.
	Proceeds from the revolving sale of receivables to the bank facilities are used to fund new loans to customers. AFC, AFC Funding Corporation and AFCI must maintain certain financial covenants including, among others, limits on the amount of debt AFC and AFCI can incur, minimum levels of tangible net worth, and other covenants tied to the performance of the finance receivables portfolio. The securitization agreements also incorporate the financial covenants of our Credit Facility. At March 31, 2014, we were in compliance with the covenants in the securitization agreements.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Long-term Debt, Unclassified [Abstract]	'
Long-Term Debt	'
	Long-Term Debt
	Long-term debt consisted of the following (in millions):


		Interest Rate		Maturity	March 31, 2014			December 31, 2013
	Term Loan B-1	Adjusted LIBOR	2.50%	11-Mar-17	$	650		$	—

	Term Loan B-2	Adjusted LIBOR	2.75%	11-Mar-21	1,120.00			—

	Term Loan B	Adjusted LIBOR	2.75%	May 18, 2017	—			1,771.80

	New revolving credit facility	Adjusted LIBOR	2.25%	11-Mar-19	—			—

	Old revolving credit facility	Adjusted LIBOR	3.50%	May 18, 2016	—			—

	Canadian line of credit	CAD Prime	1.50%	Repayable upon demand	—			—

	Total debt				1,770.00			1,771.80

	Unamortized debt discount				(2.8		)	(4.6		)
	Current portion of long-term debt				(17.7		)	(32.5		)
	Long-term debt				$	1,749.50		$	1,734.70

	Credit Facilities
	On March 11, 2014, we repaid all principal outstanding and interest due under the Original Credit Agreement and established a three year senior secured term loan facility ("Term Loan B-1"), a seven year senior secured term loan facility ("Term Loan B-2") and a $250 million, five year senior secured revolving credit facility (the "new revolving credit facility"), the terms of which are set forth in the Amended and Restated Credit Agreement, dated as of March 11, 2014. The terms in the Credit Agreement supersede the terms of the Original Credit Agreement. No early termination penalties were incurred by the Company in connection with the refinancing; however, we incurred a non-cash loss on the extinguishment of debt under the Original Credit Agreement of $30.3 million. The loss was a result of the write-off of certain unamortized debt issuance costs and the unamortized debt discount on Term Loan B.
	The Credit Facility is available for letters of credit, working capital and general corporate purposes. The Credit Agreement provides that with respect to the new revolving credit facility, up to $75 million is available for letters of credit and up to $75 million is available for swing line loans. Subject to certain conditions, the Credit Agreement also permits additional revolving or term loan commitments of (i) up to $300 million or (ii) an unlimited amount if the Consolidated Senior Secured Leverage Ratio (as defined in the Credit Agreement) is less than or equal to 3.5 to 1.0, in each case from one or more of the existing lenders or other lenders (with the consent of the administrative agent).
	Term Loan B-2 was issued at a discount of $2.8 million. The discount is being amortized using the effective interest method to interest expense over the seven year term of the loan. Both Term Loan B-1 and Term Loan B-2 are payable in quarterly installments equal to 0.25% of the original aggregate principal amounts of the term loans, respectively, as of the effective date, with such payments commencing on June 30, 2014 and the balances payable at each respective maturity date. The Credit Facility is subject to mandatory prepayments and reduction in an amount equal to the net proceeds of certain debt offerings, certain asset sales and certain insurance recovery events. In addition, in accordance with the terms of the Credit Agreement, 50% of the net cash proceeds from the sale-leaseback of certain technology and capital equipment were used to prepay $0.6 million and $1.0 million of Term Loan B-1 and Term Loan B-2, respectively, in May 2014. Each such prepayment is credited to prepay, on a pro rata basis, in order of maturity the unpaid amounts due on the next eight scheduled quarterly installments of Term Loan B-1 and Term Loan B-2 and thereafter to the remaining scheduled quarterly installments of each term loan on a pro rata basis.
	The obligations of the Company under the Credit Facility are guaranteed by certain of our domestic subsidiaries (the "Subsidiary Guarantors") and are secured by substantially all of the assets of the Company and the Subsidiary Guarantors, including but not limited to: (a) pledges of and first priority perfected security interests in 100% of the equity interests of certain of the Company's and the Subsidiary Guarantors' domestic subsidiaries and 65% of the equity interests of certain of the Company's and the Subsidiary Guarantors' first tier foreign subsidiaries and (b) perfected first priority security interests in substantially all other tangible and intangible assets of the Company and each Subsidiary Guarantor, subject to certain exceptions. The Credit Agreement contains affirmative and negative covenants that we believe are usual and customary for a senior secured credit agreement. The negative covenants include, among other things, limitations on asset sales, mergers and acquisitions, indebtedness, liens, dividends, investments and transactions with our affiliates. The Credit Agreement also requires us to maintain a maximum leverage ratio, provided there are revolving loans outstanding. We were in compliance with the covenants in the Credit Agreement at March 31, 2014.
	Term Loan B-1 bears interest at Adjusted LIBOR (as defined in the Credit Agreement) plus 2.5%, Term Loan B-2 at Adjusted LIBOR plus 2.75% (with an Adjusted LIBOR floor of 0.75% per annum) and new revolving loan borrowings at Adjusted LIBOR plus 2.25%. However, for specified types of borrowings, the Company may elect to make Term Loan B-1 borrowings at a Base Rate (as defined in the Credit Agreement) plus 1.50%, Term Loan B-2 at a Base Rate plus 1.75% and new revolving loan borrowings at a Base Rate plus 1.25%. The rates on Term Loan B-1 and Term Loan B-2 were 2.75% and 3.50% at March 31, 2014, respectively. In addition, if the Company reduces its Consolidated Senior Secured Leverage Ratio, which is based on a net debt calculation, to levels specified in the Credit Agreement, the applicable interest rate on Term Loan B-2 and the new revolving credit facility will step down by 25 basis points. The Company also pays a commitment fee of 40 basis points, payable quarterly, on the average daily unused amount of the new revolving credit facility. The fee may step down to 35 basis points based on the Company's Consolidated Senior Secured Leverage Ratio as described above.
	There were no borrowings on either the new or old revolving credit facility at March 31, 2014 or December 31, 2013, respectively. However, we had related outstanding letters of credit in the aggregate amount of $26.4 million and $26.3 million at March 31, 2014 and December 31, 2013, respectively, which reduce the amount available for borrowings under the respective credit facility.
	Fair Value of Debt
	As of March 31, 2014, the estimated fair value of our long-term debt amounted to $1,768.0 million. The estimates of fair value are based on broker-dealer quotes for our debt as of March 31, 2014. The estimates presented on long-term financial instruments are not necessarily indicative of the amounts that would be realized in a current market exchange.

Derivatives

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

We are exposed to interest rate risk on our variable rate borrowings. Accordingly, interest rate fluctuations affect the amount of interest expense we are obligated to pay. We use interest rate derivatives with the objective of managing exposure to interest rate movements, thereby reducing the effect of interest rate changes and the effect they could have on future cash flows. Currently, interest rate cap agreements are used to accomplish this objective. In August 2013, we purchased four interest rate caps for an aggregate amount of approximately $2.2 million with an aggregate notional amount of $1.2 billion to manage our exposure to interest rate movements on our variable rate Credit Facility when three-month LIBOR exceeds 1.0%. The interest rate cap agreements each had an effective date of August 16, 2013 and each mature on August 16, 2015. The unamortized portion of the $2.2 million investment is recorded in “Other assets” on the consolidated balance sheet and is being amortized over the remaining life of the interest rate caps to interest expense. We have not designated any of the current interest rate caps as hedges for accounting purposes. We are exposed to credit loss in the event of non-performance by the counterparties; however, non-performance is not anticipated.

Accounting Standards Codification ("ASC") 815, Derivatives and Hedging, requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the balance sheet. The fair values of the interest rate derivatives are based on quoted market prices for similar instruments from commercial banks. The following tables present the fair value of our interest rate derivatives included in the consolidated balance sheets for the periods presented (in millions):

Asset Derivatives

March 31, 2014

December 31, 2013

Derivatives Not Designated as Hedging Instruments

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

2013 Interest rate caps

Other assets

0.4

Other assets

0.8

We have not designated any of the 2013 interest rate caps as hedges for accounting purposes. Accordingly, changes in the fair value of the interest rate caps are recognized as "Interest expense" in the consolidated statement of income. The following table presents the effect of the interest rate derivatives on our consolidated statements of income for the periods presented (in millions):

Location of Gain / (Loss) Recognized in Income on Derivatives

Amount of Gain / (Loss)

Recognized in Income on Derivatives

Three Months Ended

March 31,

Derivatives Not Designated as Hedging Instruments

2014

2013

2013 Interest rate caps

Interest expense

(0.4

)

N/A

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	We are involved in litigation and disputes arising in the ordinary course of business, such as actions related to injuries; property damage; handling, storage or disposal of vehicles; environmental laws and regulations; and other litigation incidental to the business such as employment matters and dealer disputes. Management considers the likelihood of loss or the incurrence of a liability, as well as the ability to reasonably estimate the amount of loss, in determining loss contingencies. We accrue an estimated loss contingency when it is probable that a liability has been incurred and the amount of loss (or range of possible losses) can be reasonably estimated. Management regularly evaluates current information available to determine whether accrual amounts should be adjusted. Accruals for contingencies including litigation and environmental matters are included in "Other accrued expenses" at undiscounted amounts and exclude claims for recoveries from insurance or other third parties. These accruals are adjusted periodically as assessment and remediation efforts progress, or as additional technical or legal information becomes available. If the amount of an actual loss is greater than the amount accrued, this could have an adverse impact on our operating results in that period. Legal fees are expensed as incurred. There has been no significant change in the legal and regulatory proceedings which were disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'
Accumulated Other Comprehensive Income	'
	Accumulated Other Comprehensive Income
	Accumulated other comprehensive income consisted of the following (in millions):


		March 31, 2014		December 31, 2013
	Foreign currency translation gain	$	10	$	18.5

	Unrealized gain on postretirement benefit obligation, net of tax	0.2		0.2

	Accumulated other comprehensive income	$	10.2	$	18.7

Fair_Value_Measurements

Fair Value Measurements

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

We apply ASC 820, Fair Value Measurements and Disclosures, to our financial assets and liabilities. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The standard establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels:

•

Level 1 - Quoted prices in active markets for identical assets or liabilities.

•

Level 2 - Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets; quoted prices in markets that are not active; or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities, such as models or other valuation methodologies.

•

Level 3 - Unobservable inputs that are based on our assumptions, are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect our own assumptions about how market participants would price the asset or liability.

The following table summarizes our financial assets measured at fair value on a recurring basis in accordance with ASC 820 (in millions):

Description

31-Mar-14

Quoted Prices in Active Markets for Identical Assets

Significant Other Observable Inputs

Significant Unobservable Inputs

(Level 1)

(Level 2)

(Level 3)

2013 Interest rate caps

0.4

—

0.4

—

Interest Rate Caps - Under the interest rate cap agreements purchased in August 2013, we receive interest on a notional amount when three-month LIBOR exceeds 1.0%. The fair value of the interest rate caps is based on quoted market prices for similar instruments from commercial banks.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Related Party Transactions
	Registration Rights Agreement
	At March 31, 2014, affiliates of the Equity Sponsors, other equity co-investors and members of our management no longer held an interest in our outstanding common stock directly or indirectly through their investment in KAR LLC. Pursuant to a registration rights agreement entered into with the Equity Sponsors, KAR LLC caused us to file a registration statement (Registration No. 333-174038) under the Securities Act. For the three months ended March 31, 2013, pursuant to the registration statement, KAR LLC sold 14,950,000 of its shares in KAR Auction Services. We incurred expenses of approximately $0.7 million for the three months ended March 31, 2013 related to such sales and we received no proceeds from the sales. The expenses related to the sales were recorded to "Selling, general and administrative" in the consolidated statement of income.

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	Segment Information
	ASC 280, Segment Reporting, requires reporting of segment information that is consistent with the manner in which the chief operating decision maker operates and views the Company. Our operations are grouped into three operating segments: ADESA Auctions, IAA and AFC, which also serve as our reportable business segments. None of our operating segments have been aggregated in our segment reporting. These reportable business segments offer different services and have fundamental differences in their operations.
	The holding company is maintained separately from the three reportable segments and includes expenses associated with the corporate office, such as salaries, benefits and travel costs for the corporate management team, certain human resources, information technology and accounting costs, and certain insurance, treasury, legal and risk management costs. Holding company interest expense includes the interest expense incurred on the corporate debt structure. Intercompany charges relate primarily to interest on intercompany debt or receivables and certain administrative costs allocated by the holding company.
	Financial information regarding our reportable segments is set forth below for the three months ended March 31, 2014 (in millions):


		ADESA				IAA				AFC				Holding				Consolidated
		Auctions												Company
	Operating revenues	$	298.1			$	225			$	60.7			$	—			$	583.8

	Operating expenses
	Cost of services (exclusive of depreciation and amortization)	170.2				137.9				16.4				—				324.5

	Selling, general and administrative	69.9				26.2				8.8				21.9				126.8

	Depreciation and amortization	19.5				18.8				7.5				2.3				48.1

	Total operating expenses	259.6				182.9				32.7				24.2				499.4

	Operating profit (loss)	38.5				42.1				28				(24.2		)		84.4

	Interest expense	0.3				0.1				4.5				19.2				24.1

	Other income, net	(0.4		)		(0.1		)		—				—				(0.5		)

	Loss on extinguishment of debt	—				—				—				30.3				30.3

	Intercompany expense (income)	13.9				9.6				(5.3		)		(18.2		)		—

	Income (loss) before income taxes	24.7				32.5				28.8				(55.5		)		30.5

	Income taxes	8.9				11.9				10.9				(21.9		)		9.8

	Net income (loss)	$	15.8			$	20.6			$	17.9			$	(33.6	)		$	20.7

	Assets	$	2,416.00			$	1,200.10			$	1,553.40			$	65.5			$	5,235.00

	Financial information regarding our reportable segments is set forth below for the three months ended March 31, 2013 (in millions):


		ADESA				IAA				AFC				Holding				Consolidated
		Auctions												Company
	Operating revenues	$	283.6			$	221.6			$	52.4			$	—			$	557.6

	Operating expenses
	Cost of services (exclusive of depreciation and amortization)	161.6				158.9				10.9				—				331.4

	Selling, general and administrative	61.5				18.8				5.7				14.8				100.8

	Depreciation and amortization	21.4				18.4				6.4				1.1				47.3

	Total operating expenses	244.5				196.1				23				15.9				479.5

	Operating profit (loss)	39.1				25.5				29.4				(15.9		)		78.1

	Interest expense	0.3				0.3				3.8				24.4				28.8

	Other income, net	(0.5		)		(0.1		)		—				—				(0.6		)

	Loss on modification/extinguishment of debt	—				—				—				3.8				3.8

	Intercompany expense (income)	15.7				9.6				(4.6		)		(20.7		)		—

Income (loss) before income taxes	23.6				15.7				30.2				(23.4		)		46.1

Income taxes	7.9				5.9				11.5				(8.3		)		17

Net income (loss)	$	15.7			$	9.8			$	18.7			$	(15.1	)		$	29.1

Assets	$	2,567.80			$	1,210.90			$	1,384.90			$	76.3			$	5,239.90

StockBased_Compensation_Plans_

Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of stock-based compensation expense by type of award	'
	The following table summarizes our stock-based compensation expense by type of award (in millions):


		Three Months Ended
		March 31,
		2014		2013
	Service options	$	0.9	$	0.7

	Exit options	13.5		1.1

	PRSUs	0.7		—

	KAR LLC operating units - profit interests	—		(1.5		)

	KAR LLC value units - profit interests	—		—

	Axle LLC operating units - profit interests	—		(0.9		)

	Axle LLC value units - profit interests	—		—

	Total stock-based compensation expense	$	15.1	$	(0.6	)

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share, Basic and Diluted [Abstract]	'
Schedule of computation of net income per share	'
	The following table sets forth the computation of net income per share (in millions except per share amounts):


		Three Months Ended
		March 31,
		2014		2013
	Net income	$	20.7	$	29.1

	Weighted average common shares outstanding	139.3		136.8

	Effect of dilutive stock options and restricted stock awards	1.6		3.1

	Weighted average common shares outstanding and potential common shares	140.9		139.9

	Net income per share
	Basic	$	0.15	$	0.21

	Diluted	$	0.15	$	0.21

Finance_Receivables_and_Obliga1

Finance Receivables and Obligations Collateralized by Finance Receivables (Tables)	3 Months Ended
	Mar. 31, 2014
Notes, Loans and Financing Receivable, Net, Current [Abstract]	'
Schedule of quantitative information about delinquencies, credit losses less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed	'
	The following tables present quantitative information about delinquencies, credit losses less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed. For purposes of this illustration, delinquent receivables are defined as receivables 31 days or more past due.


		March 31, 2014				Net Credit Losses		Net Credit Losses		31-Dec-13
		Principal Amount of:				Three Months Ended		Three Months Ended		Principal Amount of:
	(in millions)	Receivables		Receivables		March 31, 2014		March 31, 2013		Receivables		Receivables
				Delinquent								Delinquent
	Floorplan receivables	$	1,100.60	$	4.6	$	3.6	$	2.7	$	1,099.80	$	5.1

	Other loans	7.3		—		—		—		7.8		—

	Total receivables managed	$	1,107.90	$	4.6	$	3.6	$	2.7	$	1,107.60	$	5.1

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Long-term Debt, Unclassified [Abstract]	'
Schedule of long-term debt	'
	Long-term debt consisted of the following (in millions):


		Interest Rate		Maturity	March 31, 2014			December 31, 2013
	Term Loan B-1	Adjusted LIBOR	2.50%	11-Mar-17	$	650		$	—

	Term Loan B-2	Adjusted LIBOR	2.75%	11-Mar-21	1,120.00			—

	Term Loan B	Adjusted LIBOR	2.75%	May 18, 2017	—			1,771.80

	New revolving credit facility	Adjusted LIBOR	2.25%	11-Mar-19	—			—

	Old revolving credit facility	Adjusted LIBOR	3.50%	May 18, 2016	—			—

	Canadian line of credit	CAD Prime	1.50%	Repayable upon demand	—			—

	Total debt				1,770.00			1,771.80

	Unamortized debt discount				(2.8		)	(4.6		)
	Current portion of long-term debt				(17.7		)	(32.5		)
	Long-term debt				$	1,749.50		$	1,734.70

Derivatives_Tables

Derivatives (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the fair value of the entity's interest rate derivatives included in the consolidated balance sheet

The following tables present the fair value of our interest rate derivatives included in the consolidated balance sheets for the periods presented (in millions):

Asset Derivatives

March 31, 2014

December 31, 2013

Derivatives Not Designated as Hedging Instruments

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

2013 Interest rate caps

Other assets

0.4

Other assets

0.8

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance

The following table presents the effect of the interest rate derivatives on our consolidated statements of income for the periods presented (in millions):

Location of Gain / (Loss) Recognized in Income on Derivatives

Amount of Gain / (Loss)

Recognized in Income on Derivatives

Three Months Ended

March 31,

Derivatives Not Designated as Hedging Instruments

2014

2013

2013 Interest rate caps

Interest expense

(0.4

)

N/A

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'
Schedule of accumulated other comprehensive income	'
	Accumulated other comprehensive income consisted of the following (in millions):


		March 31, 2014		December 31, 2013
	Foreign currency translation gain	$	10	$	18.5

	Unrealized gain on postretirement benefit obligation, net of tax	0.2		0.2

	Accumulated other comprehensive income	$	10.2	$	18.7

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Summary of financial assets and liabilities measured at fair value on a recurring basis

The following table summarizes our financial assets measured at fair value on a recurring basis in accordance with ASC 820 (in millions):

Description

31-Mar-14

Quoted Prices in Active Markets for Identical Assets

Significant Other Observable Inputs

Significant Unobservable Inputs

(Level 1)

(Level 2)

(Level 3)

2013 Interest rate caps

0.4

—

0.4

—

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of financial information regarding the entity's reportable segments	'
	Financial information regarding our reportable segments is set forth below for the three months ended March 31, 2014 (in millions):


		ADESA				IAA				AFC				Holding				Consolidated
		Auctions												Company
	Operating revenues	$	298.1			$	225			$	60.7			$	—			$	583.8

	Operating expenses
	Cost of services (exclusive of depreciation and amortization)	170.2				137.9				16.4				—				324.5

	Selling, general and administrative	69.9				26.2				8.8				21.9				126.8

	Depreciation and amortization	19.5				18.8				7.5				2.3				48.1

	Total operating expenses	259.6				182.9				32.7				24.2				499.4

	Operating profit (loss)	38.5				42.1				28				(24.2		)		84.4

	Interest expense	0.3				0.1				4.5				19.2				24.1

	Other income, net	(0.4		)		(0.1		)		—				—				(0.5		)

	Loss on extinguishment of debt	—				—				—				30.3				30.3

	Intercompany expense (income)	13.9				9.6				(5.3		)		(18.2		)		—

	Income (loss) before income taxes	24.7				32.5				28.8				(55.5		)		30.5

	Income taxes	8.9				11.9				10.9				(21.9		)		9.8

	Net income (loss)	$	15.8			$	20.6			$	17.9			$	(33.6	)		$	20.7

	Assets	$	2,416.00			$	1,200.10			$	1,553.40			$	65.5			$	5,235.00

	Financial information regarding our reportable segments is set forth below for the three months ended March 31, 2013 (in millions):


		ADESA				IAA				AFC				Holding				Consolidated
		Auctions												Company
	Operating revenues	$	283.6			$	221.6			$	52.4			$	—			$	557.6

	Operating expenses
	Cost of services (exclusive of depreciation and amortization)	161.6				158.9				10.9				—				331.4

	Selling, general and administrative	61.5				18.8				5.7				14.8				100.8

	Depreciation and amortization	21.4				18.4				6.4				1.1				47.3

	Total operating expenses	244.5				196.1				23				15.9				479.5

	Operating profit (loss)	39.1				25.5				29.4				(15.9		)		78.1

	Interest expense	0.3				0.3				3.8				24.4				28.8

	Other income, net	(0.5		)		(0.1		)		—				—				(0.6		)

	Loss on modification/extinguishment of debt	—				—				—				3.8				3.8

	Intercompany expense (income)	15.7				9.6				(4.6		)		(20.7		)		—

	Income (loss) before income taxes	23.6				15.7				30.2				(23.4		)		46.1

	Income taxes	7.9				5.9				11.5				(8.3		)		17

Net income (loss)	$	15.7			$	9.8			$	18.7			$	(15.1	)		$	29.1

Assets	$	2,567.80			$	1,210.90			$	1,384.90			$	76.3			$	5,239.90

Basis_of_Presentation_and_Natu1

Basis of Presentation and Nature of Operations (Details) (USD $)	3 Months Ended			0 Months Ended			1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 11, 2014	Mar. 11, 2014	Mar. 11, 2014	31-May-11	31-May-11	19-May-11
	ADESA Auctions	IAA	AFC	Credit Agreement	Credit Agreement	Credit Agreement	Original Credit Agreement	Original Credit Agreement	Original Credit Agreement
	provider	network	location	Term Loan B-1	Term Loan B-2	Senior secured revolving credit facility	Senior secured term loan facility	Senior secured revolving credit facility	Senior secured revolving credit facility
	network
Basis of Presentation and Nature of Operations	'	'	'	'	'	'	'	'	'
Maximum borrowing capacity	'	'	'	'	'	$250	'	'	$250
Term of debt instrument	'	'	'	'3 years	'7 years	'5 years	'6 years	'5 years	'
Number of sites for whole car auctions	65	'	'	'	'	'	'	'	'
Number of sites for salvage vehicle auctions	'	165	'	'	'	'	'	'	'
Ranking of largest providers of used vehicle auctions and related services	2	'	'	'	'	'	'	'	'
Number of floorplan financing locations	'	'	105	'	'	'	'	'	'

Acquisitions_Details

Acquisitions (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Acquisitions	'	'
Goodwill	$1,705.40	$1,705.10
HTL	'	'
Acquisitions	'	'
Purchase price for business acquired	24.9	'
Present value of estimated contingent payments	7.6	'
Maximum amount of undiscounted contingent payments related to acquisitions	8.5	'
Purchase price for the acquired business allocated to intangible assets	11	'
Goodwill	$4.30	'

StockBased_Compensation_Plans_1

Stock-Based Compensation Plans (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	$15.10	($0.60)
Total income tax benefit recognized (in dollars)	5.4	0.6
Service options	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	0.9	0.7
Service options \| KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan	'	'
Stock-Based Compensation Plans	'	'
Options granted (in shares)	0.7	'
Weighted average exercise price of options granted (in dollars per share)	$30.01	'
Term of award	'10 years	'
Number of equal annual installments	4	'
Period of commencement of vesting of awards	1	'
Weighted-average grant date fair value of stock options granted (in dollars per share)	$6.35	'
Expected lives	'6 years 3 months	'
Expected volatility (as a percent)	30.00%	'
Dividend yield (as a percent)	3.34%	'
Risk-free interest rate (as a percent)	1.84%	'
PRSUs	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	0.7	0
PRSUs \| KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan	'	'
Stock-Based Compensation Plans	'	'
PRSUs grants	0.1	'
PRSUs - Total Shareholder Return \| KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan	'	'
Stock-Based Compensation Plans	'	'
PRSUs vesting period	'3 years	'
Percent of PRSUs that vest	50.00%	'
PRSUs - Adjusted EPS \| KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan	'	'
Stock-Based Compensation Plans	'	'
PRSUs vesting period	'3 years	'
Percent of PRSUs that vest	50.00%	'
KAR LLC & Axle LLC Profit Interests	'	'
Stock-Based Compensation Plans	'	'
Total income tax benefit recognized (in dollars)	0	'
Exit options	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	13.5	1.1
Exit options \| KAR Auction Services, Inc. Omnibus Plan and the Plan	'	'
Stock-Based Compensation Plans	'	'
Percentage of options that vest and become exercisable	25.00%	'
Percentage of options outstanding that became exercisable	25.00%	'
KAR LLC operating units	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	0	-1.5
KAR LLC value units	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	0	0
Axle LLC operating units	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	0	-0.9
Axle LLC value units	'	'
Stock-Based Compensation Plans	'	'
Stock-based compensation expense (in dollars)	$0	$0

Net_Income_Per_Share_Details

Net Income Per Share (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share, Basic and Diluted [Abstract]	'	'
Net Income	$20.70	$29.10
Shares outstanding	'	'
Weighted average common shares outstanding	139.3	136.8
Effect of dilutive stock options and restricted stock awards (in shares)	1.6	3.1
Weighted average common shares outstanding and potential common shares	140.9	139.9
Net income per share	'	'
Basic (in dollars per share)	$0.15	$0.21
Diluted (in dollars per share)	$0.15	$0.21
Shares attributable to stock options excluded from the calculation of diluted net income per share	0.4	0.2
Stock options outstanding (in shares)	7.5	9.2

Finance_Receivables_and_Obliga2

Finance Receivables and Obligations Collateralized by Finance Receivables (Details)

3 Months Ended

In Millions, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

USD ($)

Minimum

Floorplan receivables

Other Loans

AFC

AFC Funding Corporation

AFCI

USD ($)

Minimum

USD ($)

CAD

Finance Receivables and Obligations Collateralized by Finance Receivables

Committed liquidity

$800

100

Period to define financing receivables as past due (in days)

'31 days

Principal Amount of Receivables

1,107.90

1,107.60

1,100.60

1,099.80

7.3

7.8

Principal Amount of Receivables Delinquent

4.6

5.1

4.6

5.1

Net Credit Losses

3.6

2.7

3.6

2.7

Allowance for losses

Finance receivables pledged as security

1,099.40

1,100.20

Cash reserve as security for obligations of collateralized financing receivables (as a percent)

1.00%

Obligations collateralized by finance receivables

$757.60

$772.40

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

In Millions, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2013

Mar. 11, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 11, 2014

Dec. 31, 2013

2-May-14

Mar. 31, 2014

Dec. 31, 2013

2-May-14

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 11, 2014

Dec. 31, 2013

Mar. 11, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 11, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

31-May-11

Mar. 31, 2014

Dec. 31, 2013

19-May-11

Mar. 31, 2014

Term Loan B-2

Term Loan B-1

Term Loan B

Letter of credit

Swing line loan

Original Credit Agreement

Canadian line of credit

Credit Agreement

Original Credit Agreement

Maximum

item

Subsequent Event

Adjusted LIBOR

Base Rate

item

Subsequent Event

Adjusted LIBOR

Base Rate

Adjusted LIBOR

CAD Prime

Term Loan B-2

Term Loan B-1

Revolving credit facility

Term Loan B

Revolving credit facility

Adjusted LIBOR

Base Rate

Adjusted LIBOR

Long-Term Debt

Total debt

$1,770

$1,771.80

$1,120

$650

$1,771.80

Unamortized debt discount

-2.8

-4.6

Current portion of long-term debt

-17.7

-32.5

Long-term debt

1,749.50

1,734.70

Variable rate basis

'Adjusted LIBOR

'Base Rate

'Adjusted LIBOR

'Base Rate

'Adjusted LIBOR

'CAD Prime

'Adjusted LIBOR

'Base Rate

'Adjusted LIBOR

Interest rate basis (as a percent)

2.75%

1.75%

2.50%

1.50%

2.75%

1.50%

2.25%

1.25%

3.50%

Maximum borrowing capacity

250

Term of debt instrument

'7 years

'3 years

'5 years

'6 years

'5 years

Loss on extinguishment/modification of debt

30.3

3.8

30.3

Interest rate floor (as a percent)

0.75%

Maximum additional borrowings permitted

300

Consolidated senior secured leverage ratio

3.5

Discount on Term Loan B-2 at issuance

-2.8

Period for amortization of discount on debt

'7 years

Quarterly installment payment as a percentage of original aggregate principal amount

0.25%

Net cash proceeds from sale lease-back, percentage

50.00%

Payments on long-term debt

-1,771.80

-4.6

-1

-0.6

Number of scheduled quarterly installments prepaid on Term Loans

Percentage of equity interests of certain of the company's and the Subsidiary Guarantors' domestic subsidiaries pledged under the Credit Facility

100.00%

Percentage of equity interests of certain of the company's and the Subsidiary Guarantors' first-tier foreign subsidiaries pledged under the Credit Facility

65.00%

Interest rate of loan (as a percent)

3.50%

2.75%

Step down in interest rate (as a percent)

0.25%

Commitment fee on the unused amount of the Credit Facility (as a percent)

0.40%

The commitment fee may step down to this percent

0.35%

Amount Borrowed

Outstanding letters of credit

26.4

26.3

Estimated fair value of long-term debt

$1,768

Derivatives_Details

Derivatives (Details) (Interest rate caps, USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Aug. 31, 2013	Mar. 31, 2014	Aug. 16, 2013	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
	agreement	Mar. 31, 2014	Aug. 16, 2013	Minimum	Not Designated as Hedging Instrument	Not Designated as Hedging Instrument
Fair value of the entity's interest rate derivatives included in the consolidated balance sheet	'	'	'	'	'	'
Number of derivative agreements purchased	4	'	'	'	'	'
Aggregate amount paid for interest rate caps	$2.20	$2.20	'	'	'	'
Aggregate notional amount	'	'	1,200	'	'	'
Variable rate basis	'	'three-month LIBOR	'	'	'	'
Floor Rate (as a percent)	'	'	'	1.00%	'	'
Asset Derivatives, Fair Value	'	'	'	'	$0.40	$0.80

Derivatives_Details_2

Derivatives (Details 2) (Interest rate caps, Not Designated as Hedging Instrument, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Interest rate caps \| Not Designated as Hedging Instrument	'
Effect of the interest rate derivatives on the entity's statement of equity and consolidated statements of income	'
Amount of Gain/(Loss) Recognized in Income on Derivative	($0.40)

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended
Commitments and Contingencies (Details) (USD $)	Mar. 31, 2014
Commitments and Contingencies	'
Significant change in legal and regulatory proceedings	$0

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'	'
Foreign currency translation gain	$10	$18.50
Unrealized gain on postretirement benefit obligation, net of tax	0.2	0.2
Accumulated other comprehensive income	$10.20	$18.70

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Interest rate caps, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Financial assets and liabilities measured at fair value on a recurring basis	'
Variable rate basis	'three-month LIBOR
Minimum	'
Financial assets and liabilities measured at fair value on a recurring basis	'
Floor Rate (as a percent)	1.00%
Recurring \| Total	'
Financial assets and liabilities measured at fair value on a recurring basis	'
Asset Derivatives, Fair Value	0.4
Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)	'
Financial assets and liabilities measured at fair value on a recurring basis	'
Asset Derivatives, Fair Value	0
Recurring \| Significant Other Observable Inputs (Level 2)	'
Financial assets and liabilities measured at fair value on a recurring basis	'
Asset Derivatives, Fair Value	0.4
Recurring \| Significant Unobservable Inputs (Level 3)	'
Financial assets and liabilities measured at fair value on a recurring basis	'
Asset Derivatives, Fair Value	0

Related_Party_Transactions_Det

Related Party Transactions (Details) (Equity Sponsors, Registration Rights Agreement, USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2013
Equity Sponsors \| Registration Rights Agreement	'
Related Party Transactions	'
Sale of shares by KAR LLC	14,950,000
Amount paid to related party	$0.70
Proceeds from Sale of Shares	$0

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	segment	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting [Abstract]	'	'	'
Number of operating segments	3	'	'
Number of operating segments aggregated in segment reporting	0	'	'
Number of reportable segments	3	'	'
Segment Information	'	'	'
ADESA Auction Services	$298.10	$283.60	'
IAA Salvage Services	225	221.6	'
AFC	60.7	52.4	'
Operating revenues	583.8	557.6	'
Operating expenses	'	'	'
Cost of services (exclusive of depreciation and amortization)	324.5	331.4	'
Selling, general and administrative	126.8	100.8	'
Depreciation and amortization	48.1	47.3	'
Total operating expenses	499.4	479.5	'
Operating profit	84.4	78.1	'
Interest expense	24.1	28.8	'
Other income, net	-0.5	-0.6	'
Loss on extinguishment/modification of debt	30.3	3.8	'
Intercompany expense (income)	0	0	'
Income before income taxes	30.5	46.1	'
Income taxes	9.8	17	'
Net Income	20.7	29.1	'
Assets	5,235	5,239.90	5,127.20
Operating Segments \| ADESA Auctions	'	'	'
Segment Information	'	'	'
ADESA Auction Services	298.1	283.6	'
Operating expenses	'	'	'
Cost of services (exclusive of depreciation and amortization)	170.2	161.6	'
Selling, general and administrative	69.9	61.5	'
Depreciation and amortization	19.5	21.4	'
Total operating expenses	259.6	244.5	'
Operating profit	38.5	39.1	'
Interest expense	0.3	0.3	'
Other income, net	-0.4	-0.5	'
Loss on extinguishment/modification of debt	0	0	'
Intercompany expense (income)	13.9	15.7	'
Income before income taxes	24.7	23.6	'
Income taxes	8.9	7.9	'
Net Income	15.8	15.7	'
Assets	2,416	2,567.80	'
Operating Segments \| IAA	'	'	'
Segment Information	'	'	'
IAA Salvage Services	225	221.6	'
Operating expenses	'	'	'
Cost of services (exclusive of depreciation and amortization)	137.9	158.9	'
Selling, general and administrative	26.2	18.8	'
Depreciation and amortization	18.8	18.4	'
Total operating expenses	182.9	196.1	'
Operating profit	42.1	25.5	'
Interest expense	0.1	0.3	'
Other income, net	-0.1	-0.1	'
Loss on extinguishment/modification of debt	0	0	'
Intercompany expense (income)	9.6	9.6	'
Income before income taxes	32.5	15.7	'
Income taxes	11.9	5.9	'
Net Income	20.6	9.8	'
Assets	1,200.10	1,210.90	'
Operating Segments \| AFC	'	'	'
Segment Information	'	'	'
AFC	60.7	52.4	'
Operating expenses	'	'	'
Cost of services (exclusive of depreciation and amortization)	16.4	10.9	'
Selling, general and administrative	8.8	5.7	'
Depreciation and amortization	7.5	6.4	'
Total operating expenses	32.7	23	'
Operating profit	28	29.4	'
Interest expense	4.5	3.8	'
Other income, net	0	0	'
Loss on extinguishment/modification of debt	0	0	'
Intercompany expense (income)	-5.3	-4.6	'
Income before income taxes	28.8	30.2	'
Income taxes	10.9	11.5	'
Net Income	17.9	18.7	'
Assets	1,553.40	1,384.90	'
Holding Company	'	'	'
Segment Information	'	'	'
Operating revenues	0	0	'
Operating expenses	'	'	'
Cost of services (exclusive of depreciation and amortization)	0	0	'
Selling, general and administrative	21.9	14.8	'
Depreciation and amortization	2.3	1.1	'
Total operating expenses	24.2	15.9	'
Operating profit	-24.2	-15.9	'
Interest expense	19.2	24.4	'
Other income, net	0	0	'
Loss on extinguishment/modification of debt	30.3	3.8	'
Intercompany expense (income)	-18.2	-20.7	'
Income before income taxes	-55.5	-23.4	'
Income taxes	-21.9	-8.3	'
Net Income	-33.6	-15.1	'
Assets	$65.50	$76.30	'