KAR Auction Services (KAR) 10-Q 6 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information
Entity Registrant Name	KAR Auction Services, Inc.
Entity Central Index Key	1395942
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		141,762,051
Document Fiscal Year Focus	2015
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, 2015	Mar. 31, 2014
Operating revenues
ADESA Auction Services	$328	$298.10
IAA Salvage Services	238	225
AFC	66.4	60.7
Total operating revenues	632.4	583.8
Operating expenses
Cost of services (exclusive of depreciation and amortization)	352.1	324.5
Selling, general and administrative	121.5	126.8
Depreciation and amortization	50.9	48.1
Total operating expenses	524.5	499.4
Operating profit	107.9	84.4
Interest expense	21	24.1
Other income, net	-2.2	-0.5
Loss on extinguishment of debt	0	30.3
Income before income taxes	89.1	30.5
Income taxes	34.6	9.8
Net Income	$54.50	$20.70
Net income per share
Basic (in dollars per share)	$0.39	$0.15
Diluted (in dollars per share)	$0.38	$0.15
Dividends declared per common share (in dollars per share)	$0.27	$0.25

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net Income	$54.50	$20.70
Other comprehensive loss, net of tax
Foreign currency translation loss	-18.3	-8.5
Total other comprehensive loss, net of tax	-18.3	-8.5
Comprehensive income	$36.20	$12.20

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Current assets
Cash and cash equivalents	$178.40	$152.90
Restricted cash	14.2	17
Trade receivables, net of allowances of $6.7 and $6.3	525.3	401.2
Finance receivables, net of allowances $8.3 and $8.0	1,347.50	1,363.10
Deferred income tax assets	41	41
Other current assets	110.8	99.7
Total current assets	2,217.20	2,074.90
Other assets
Goodwill	1,715.40	1,705.20
Customer relationships, net of accumulated amortization of $565.0 and $551.1	465.2	484.4
Other intangible assets, net of accumulated amortization of $233.1 and $221.2	299.6	306.2
Unamortized debt issuance costs	15	16.7
Other assets	35.6	36.2
Total other assets	2,530.80	2,548.70
Property and equipment, net of accumulated depreciation of $519.4 and $507.2	728.4	727.9
Total assets	5,476.40	5,351.50
Current liabilities
Accounts payable	638	471.7
Accrued employee benefits and compensation expenses	58.4	77.6
Accrued interest	0.3	0.3
Other accrued expenses	111.4	114.4
Income taxes payable	6	5.5
Dividends payable	38.3	38.2
Obligations collateralized by finance receivables	850	865.2
Current maturities of long-term debt	17.7	17.7
Total current liabilities	1,720.10	1,590.60
Non-current liabilities
Long-term debt	1,732.20	1,736.60
Deferred income tax liabilities	332.1	333.4
Other liabilities	141.9	143.8
Total non-current liabilities	2,206.20	2,213.80
Commitments and contingencies (Note 8)
Stockholders' equity
Preferred stock, $0.01 par value: Authorized shares: 100,000,000; Issued shares: none	0	0
Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: March 31, 2015: 141,795,665, December 31, 2014: 141,316,444	1.4	1.4
Additional paid-in capital	1,598.80	1,593.70
Accumulated deficit	-30.2	-46.4
Accumulated other comprehensive loss	-19.9	-1.6
Total stockholders' equity	1,550.10	1,547.10
Total liabilities and stockholders' equity	$5,476.40	$5,351.50

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, except Share data, unless otherwise specified
Trade receivables, allowances (in dollars)	$6.70	$6.30
Finance receivables, allowances (in dollars)	8.3	8
Customer relationships, accumulated amortization (in dollars)	565	551.1
Other intangible assets, accumulated amortization (in dollars)	233.1	221.2
Property and equipment, accumulated depreciation (in dollars)	$519.40	$507.20
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	141,795,665	141,316,444
Common stock, outstanding shares	141,795,665	141,316,444

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
In Millions, except Share data, unless otherwise specified
Balance at Dec. 31, 2014	$1,547.10	$1.40	$1,593.70	($46.40)	($1.60)
Balance (in shares) at Dec. 31, 2014	141,316,444	141,300,000
Increase (Decrease) in Stockholders' Equity
Net Income	54.5			54.5
Other comprehensive loss, net of tax	-18.3				-18.3
Issuance of common stock under stock plans	9.2		9.2
Issuance of common stock under stock plans (in shares)		800,000
Stock-based compensation expense	2.6		2.6
Excess tax benefits from stock-based compensation	3.5		3.5
Repurchase and retirement of common stock	-10.2		-10.2
Repurchase and retirement of common stock (in shares)	-299,900	-300,000
Cash dividends declared to stockholders	-38.3			-38.3
Balance at Mar. 31, 2015	$1,550.10	$1.40	$1,598.80	($30.20)	($19.90)
Balance (in shares) at Mar. 31, 2015	141,795,665	141,800,000

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash dividends declared to stockholders (in dollars per share)	$0.27	$0.25

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities
Net Income	$54.50	$20.70
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	50.9	48.1
Provision for credit losses	4.6	4.8
Deferred income taxes	-3.2	-20.2
Amortization of debt issuance costs	1.7	2.8
Stock-based compensation	2.6	15.1
Excess tax benefit from stock-based compensation	-3.5	-1.8
Loss on disposal of fixed assets	0.1	0
Loss on extinguishment of debt	0	30.3
Other non-cash, net	0.8	1.1
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables and other assets	-128.1	-103.2
Accounts payable and accrued expenses	105.7	94.6
Net cash provided by operating activities	86.1	92.3
Investing activities
Net decrease (increase) in finance receivables held for investment	6	-7.2
Acquisition of businesses, net of cash acquired	-21.9	-0.5
Purchases of property, equipment and computer software	-25.1	-22.4
Decrease in restricted cash	2.8	3.9
Net cash used by investing activities	-38.2	-26.2
Financing activities
Net increase in book overdrafts	40.7	55.2
Net decrease in obligations collateralized by finance receivables	-9.1	-12.1
Proceeds from long-term debt	0	1,767.20
Payments for debt issuance costs/amendments	0	-11.7
Payments on long-term debt	-4.4	-1,771.80
Payments on capital leases	-4.8	-4.8
Payments of contingent consideration and deferred acquisition costs	-1.2	-0.2
Issuance of common stock under stock plans	9.2	7.9
Excess tax benefit from stock-based compensation	3.5	1.8
Repurchase and retirement of common stock	-10.2	0
Dividends paid to stockholders	-38.2	-34.7
Net cash used by financing activities	-14.5	-3.2
Effect of exchange rate changes on cash	-7.9	-3.3
Net increase in cash and cash equivalents	25.5	59.6
Cash and cash equivalents at beginning of period	152.9	191.6
Cash and cash equivalents at end of period	178.4	251.2
Cash paid for interest	18.8	20.1
Cash paid for taxes, net of refunds	$34.20	$19.60

Basis_of_Presentation_and_Natu

Basis of Presentation and Nature of Operations	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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" or "ADESA Auctions" refer, 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.;
	•	"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;
	•	"IAA" refers, collectively, to Insurance Auto Auctions, Inc., a wholly-owned subsidiary of KAR Auction Services, and Insurance Auto Auctions, Inc.'s subsidiaries; and
	•	"KAR Auction Services" refers to KAR Auction Services, Inc. and not to its subsidiaries.
	Business and Nature of Operations
	As of March 31, 2015, we have a network of 66 ADESA whole car auction sites and 169 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 of 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 collateral 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 112 locations throughout the United States and Canada as of March 31, 2015. 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 vehicle service contracts.
	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. 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, 2014, as filed with the Securities and Exchange Commission on February 18, 2015. The 2014 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.
	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.
	New Accounting Standards
	In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. The new guidance represents a change in accounting principle, is effective for fiscal years beginning after December 15, 2015 and will require retrospective application. At March 31, 2015, the Company had $15.0 million of unamortized debt issuance costs classified within other assets, which will be reclassified as a deduction from the carrying amount of the related debt liability upon adoption of ASU 2015-03.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Accounting Standards Codification ("ASC") 605, Revenue Recognition. The new guidance provides clarification on the recognition of 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. ASU 2014-09 also requires additional disclosures to help financial statement users better understand the nature, amount, timing and uncertainty of revenue that is recognized. The new guidance is effective for the first annual reporting period and interim periods beginning after December 15, 2016, and will require either retrospective application to each prior reporting period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. The Company is currently evaluating the impact the adoption of ASU 2014-09 will have on the consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Acquisitions	Acquisition
	On March 17, 2015, ADESA completed the acquisition of Pittsburgh Auto Auction. Financial results for this acquisition have been included in our consolidated financial statements from the date of acquisition. The purchase price of the auction, net of cash acquired, was approximately $21.9 million. The purchase accounting associated with this acquisition is preliminary, subject to determination of a working capital adjustment and final valuation results. The financial impact of this acquisition, including pro forma financial results, was immaterial to the Company’s consolidated results.

Stock_and_StockBased_Compensat

Stock and Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock and Stock-Based Compensation Plans	Stock and Stock-Based Compensation Plans
	We adopted the KAR Auction Services, Inc. 2009 Omnibus Stock and 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") and service-based restricted stock units ("RSUs"). We have classified the KAR Auction Services, Inc. service and exit options, PRSUs and RSUs as equity awards.
	In the first quarter of 2015, we granted a target amount of approximately 0.2 million PRSUs to certain executive officers and management of the Company. The PRSUs vest if and to the extent that the Company's three year adjusted earnings per share attains certain specified goals. In addition, approximately 0.2 million RSUs were granted to certain executive officers and management of the Company. The RSUs vest in three equal annual installments. The grant date fair value of both the PRSUs and the RSUs was $37.02, which was the closing price of the Company's common stock on the date of grant.
	The total income tax benefit recognized in the consolidated statement of income for options, PRSUs and RSUs was approximately $1.0 million and $5.4 million for the three months ended March 31, 2015 and 2014, respectively. The following table summarizes our stock-based compensation expense by type of award (in millions):
		Three Months Ended
		March 31,
		2015		2014
	Service options	$	0.9	$	0.9
	Exit options	—		13.5
	PRSUs	1.3		0.7
	RSUs	0.4		—
	Total stock-based compensation expense	$	2.6	$	15.1
	In March 2015, the vesting criteria for the final 25% of the exit options granted under the KAR Auction Services, Inc. Stock Incentive Plan and the Omnibus Plan was met and as such, the final 25% of the outstanding exit options became exercisable. As of December 31, 2014, all of the compensation expense related to the exit options was recognized.
	Share Repurchase Program
	In October 2014, the board of directors authorized a repurchase of up to $300 million of the Company’s outstanding common stock, par value $0.01 per share, through October 28, 2016. Repurchases may be made in the open market or through privately negotiated transactions, in accordance with applicable securities laws and regulations, including pursuant to repurchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The timing and amount of any repurchases is subject to market and other conditions.
	As of March 31, 2015, we had repurchased and retired a total of 299,900 shares of common stock at a weighted average price of $35.77 per share.

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2015
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,
		2015		2014
	Net income	$	54.5	$	20.7
	Weighted average common shares outstanding	141.4		139.3
	Effect of dilutive stock options and restricted stock awards	2.5		1.6
	Weighted average common shares outstanding and potential common shares	143.9		140.9
	Net income per share
	Basic	$	0.39	$	0.15
	Diluted	$	0.38	$	0.15
	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 and restricted stock 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. No options and approximately 0.4 million options were excluded from the calculation of diluted net income per share for the three months ended March 31, 2015 and 2014, respectively. In addition, approximately 0.3 million and approximately 0.1 million PRSUs were excluded from the calculation of diluted net income per share for the three months ended March 31, 2015 and 2014, respectively, because they were subject to performance conditions which had not yet been satisfied. Total options outstanding at March 31, 2015 and 2014 were 5.1 million and 7.5 million, respectively.

Finance_Receivables_and_Obliga

Finance Receivables and Obligations Collateralized by Finance Receivables	3 Months Ended
	Mar. 31, 2015
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 $950 million for U.S. finance receivables at March 31, 2015.
	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 facility is provided through a third party conduit (separate from the U.S. facility) and was C$100 million at March 31, 2015. 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, 2015				Net Credit Losses		Net Credit Losses		31-Dec-14
		Principal Amount of:				Three Months Ended		Three Months Ended		Principal Amount of:
	(in millions)	Receivables		Receivables		March 31, 2015		March 31, 2014		Receivables		Receivables
				Delinquent								Delinquent
	Floorplan receivables	$	1,349.70	$	5.8	$	3.2	$	3.6	$	1,365.10	$	4.2
	Other loans	6.1		—		—		—		6		—
	Total receivables managed	$	1,355.80	$	5.8	$	3.2	$	3.6	$	1,371.10	$	4.2
	AFC's allowance for losses was $8.3 million and $8.0 million at March 31, 2015 and December 31, 2014, respectively.
	As of March 31, 2015 and December 31, 2014, $1,343.3 million and $1,364.9 million, respectively, of finance receivables and a cash reserve of 1 percent of the obligations collateralized by finance receivables served as security for the $850.0 million and $865.2 million of obligations collateralized by finance receivables at March 31, 2015 and December 31, 2014, 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, 2015, we were in compliance with the covenants in the securitization agreements.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2015
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, 2015			December 31, 2014
	Term Loan B-1	LIBOR	2.50%	11-Mar-17	$	643.5		$	645.1
	Term Loan B-2	Adjusted LIBOR	2.75%	11-Mar-21	1,108.80			1,111.60
	Revolving credit facility	LIBOR	2.25%	11-Mar-19	—			—
	Canadian line of credit	CAD Prime	1.50%	Repayable upon demand	—			—
	Total debt				1,752.30			1,756.70
	Unamortized debt discount				(2.4		)	(2.4		)
	Current portion of long-term debt				(17.7		)	(17.7		)
	Long-term debt				$	1,732.20		$	1,736.60
	Credit Facility
	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 "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 in the first quarter of 2014.
	The Credit Facility is available for letters of credit, working capital and general corporate purposes. The Company also pays a commitment fee of 40 basis points, payable quarterly, on the average daily unused amount of the revolving credit facility. The rates on Term Loan B-1 and Term Loan B-2 were 2.81% and 3.50% at March 31, 2015, respectively.
	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 $0.9 million and $1.5 million of Term Loan B-1 and Term Loan B-2, respectively, in April 2015. 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, 2015.
	There were no borrowings on the revolving credit facility at March 31, 2015 or December 31, 2014, respectively. However, we had related outstanding letters of credit in the aggregate amount of $28.6 million and $25.1 million at March 31, 2015 and December 31, 2014, respectively, which reduce the amount available for borrowings under the credit facility.
	Fair Value of Debt
	As of March 31, 2015, the estimated fair value of our long-term debt amounted to $1,746.0 million. The estimates of fair value are based on broker-dealer quotes for our debt as of March 31, 2015. 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

Derivatives	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	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.
	•	In April 2015, we purchased two interest rate caps for an aggregate amount of approximately $0.7 million with an aggregate notional amount of $400 million to manage our exposure to interest rate movements on our variable rate Credit Facility when three-month LIBOR exceeds 1.5%. The interest rate cap agreements each had an effective date of April 16, 2015 and each mature on March 31, 2017.
	We are exposed to credit loss in the event of non-performance by the counterparties; however, non-performance is not anticipated. 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. We have not designated any of the 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 balances and activity of our interest rate derivatives were immaterial for the three months ended March 31, 2015 and 2014.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
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. Such matters are generally not, in the opinion of management, likely to have a material adverse effect on our financial condition, results of operations or cash flows. 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, 2014.
	IAA—Lower Duwamish Waterway
	Since June 2004, IAA has operated a branch on property it leases in Tukwila, Washington just south of Seattle. The property is located adjacent to a Superfund site known as the Lower Duwamish Waterway Superfund Site ("LDW Site"). The LDW Site had been designated a Superfund site in 2001, three years prior to IAA’s tenancy. On March 25, 2008, the United States Environmental Protection Agency, or the "EPA," issued IAA a General Notice of Potential Liability, or "General Notice," pursuant to Section 107(a), and a Request for Information pursuant to Section 104(e) of the Comprehensive Environmental Response, Compensation, and Liability Act, or "CERCLA," related to the LDW Site. On November 7, 2012, the EPA issued IAA a Second General Notice of Potential Liability, or "Second General Notice," for the LDW Site. The EPA's website indicates that the EPA has issued general notice letters to approximately 116 entities, and has issued Section 104(e) Requests to more than 300 entities related to the LDW Site. In the General Notice and Second General Notice, the EPA informed IAA that the EPA believes IAA may be a Potentially Responsible Party, or ”PRP,” but the EPA did not specify the factual basis for this assertion. At this time, the EPA still has not specified the factual basis for this assertion and has not demanded that IAA pay any funds or take any action apart from responding to the Section 104(e) Information Request. Four PRPs, The Boeing Company, the City of Seattle, the Port of Seattle and King County, have funded a remedial investigation and feasibility study related to the cleanup of the LDW Site. In December 2014, the EPA issued a Record of Decision (ROD), detailing the final cleanup plan for the LDW Site. The ROD estimates the cost of cleanup to be $342 million, with the plan involving dredging of 105 acres, capping 24 acres, and enhanced natural recovery of 48 acres. The estimated length of the cleanup is 17 years, including 7 years of active remediation, and 10 years of monitored natural recovery. IAA is aware that certain authorities may bring natural resource damage claims against PRPs. At this time, however, the Company does not have adequate information to determine IAA's responsibility, if any, for contamination at this site, or to estimate IAA's loss as a result of this potential liability.
	In addition, the Washington State Department of Ecology (“Ecology”) is working with the EPA in relation to the LDW Site, primarily to investigate and address sources of potential contamination contributing to the LDW Site. In 2007, IAA installed a stormwater capture and filtration system designed to treat sources of potential contamination before discharge to the LDW site. The immediate-past property owner, the former property owner and IAA have had discussions with Ecology concerning possible source control measures including, an investigation of the water and soils entering the stormwater system, an analysis of the source of contamination identified within the system, if any, and possible repairs and upgrades to the stormwater system if required. In October 2014, Ecology, in furtherance of its source control obligations, conducted stormwater sampling at the property, collecting water samples from within the stormwater system. Although no solids were detected in the stormwater system during the sampling, Ecology tested the water that was collected for various constituents. Ecology is expected to issue a final report regarding this sampling later this year. At this time, IAA is not aware of any additional Ecology source control activities planned for the site. Additional source control measures, if any, are not expected to have a material adverse effect on future recurring operating costs.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss
	Accumulated other comprehensive loss consisted of the following (in millions):
		March 31, 2015			December 31, 2014
	Foreign currency translation loss	$	(20.1	)	$	(1.8	)
	Unrealized gain on postretirement benefit obligation, net of tax	0.2			0.2
	Accumulated other comprehensive loss	$	(19.9	)	$	(1.6	)

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2015
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. 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 capital leases and 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, 2015 (in millions):
		ADESA			IAA			AFC			Holding			Consolidated
		Auctions									Company
	Operating revenues	$	328		$	238		$	66.4		$	—		$	632.4
	Operating expenses
	Cost of services (exclusive of depreciation and amortization)	187.1			146.6			18.4			—			352.1
	Selling, general and administrative	68.5			22.1			7.1			23.8			121.5
	Depreciation and amortization	20.2			19.6			7.8			3.3			50.9
	Total operating expenses	275.8			188.3			33.3			27.1			524.5
	Operating profit (loss)	52.2			49.7			33.1			(27.1		)	107.9
	Interest expense	0.2			—			5.1			15.7			21
	Other (income) expense, net	(0.6		)	(0.2		)	(1.5		)	0.1			(2.2		)
	Intercompany expense (income)	15.2			9.6			(4.3		)	(20.5		)	—
	Income (loss) before income taxes	37.4			40.3			33.8			(22.4		)	89.1
	Income taxes	14.9			15.3			12.8			(8.4		)	34.6
	Net income (loss)	$	22.5		$	25		$	21		$	(14.0	)	$	54.5
	Total assets	$	2,408.60		$	1,238.90		$	1,760.80		$	68.1		$	5,476.40
	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
	Total assets	$	2,416.00		$	1,200.10		$	1,553.40		$	65.5		$	5,235.00

Basis_of_Presentation_and_Natu1

Basis of Presentation and Nature of Operations Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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. 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, 2014, as filed with the Securities and Exchange Commission on February 18, 2015. The 2014 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.
Use of Estimates	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.
New Accounting Standards	New Accounting Standards
	In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. The new guidance represents a change in accounting principle, is effective for fiscal years beginning after December 15, 2015 and will require retrospective application. At March 31, 2015, the Company had $15.0 million of unamortized debt issuance costs classified within other assets, which will be reclassified as a deduction from the carrying amount of the related debt liability upon adoption of ASU 2015-03.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Accounting Standards Codification ("ASC") 605, Revenue Recognition. The new guidance provides clarification on the recognition of 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. ASU 2014-09 also requires additional disclosures to help financial statement users better understand the nature, amount, timing and uncertainty of revenue that is recognized. The new guidance is effective for the first annual reporting period and interim periods beginning after December 15, 2016, and will require either retrospective application to each prior reporting period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. The Company is currently evaluating the impact the adoption of ASU 2014-09 will have on the consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Stock_and_StockBased_Compensat1

Stock and Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2015
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,
		2015		2014
	Service options	$	0.9	$	0.9
	Exit options	—		13.5
	PRSUs	1.3		0.7
	RSUs	0.4		—
	Total stock-based compensation expense	$	2.6	$	15.1

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
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,
		2015		2014
	Net income	$	54.5	$	20.7
	Weighted average common shares outstanding	141.4		139.3
	Effect of dilutive stock options and restricted stock awards	2.5		1.6
	Weighted average common shares outstanding and potential common shares	143.9		140.9
	Net income per share
	Basic	$	0.39	$	0.15
	Diluted	$	0.38	$	0.15

Finance_Receivables_and_Obliga1

Finance Receivables and Obligations Collateralized by Finance Receivables (Tables)	3 Months Ended
	Mar. 31, 2015
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, 2015				Net Credit Losses		Net Credit Losses		31-Dec-14
		Principal Amount of:				Three Months Ended		Three Months Ended		Principal Amount of:
	(in millions)	Receivables		Receivables		March 31, 2015		March 31, 2014		Receivables		Receivables
				Delinquent								Delinquent
	Floorplan receivables	$	1,349.70	$	5.8	$	3.2	$	3.6	$	1,365.10	$	4.2
	Other loans	6.1		—		—		—		6		—
	Total receivables managed	$	1,355.80	$	5.8	$	3.2	$	3.6	$	1,371.10	$	4.2

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Long-term Debt, Unclassified [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following (in millions):
		Interest Rate		Maturity	March 31, 2015			December 31, 2014
	Term Loan B-1	LIBOR	2.50%	11-Mar-17	$	643.5		$	645.1
	Term Loan B-2	Adjusted LIBOR	2.75%	11-Mar-21	1,108.80			1,111.60
	Revolving credit facility	LIBOR	2.25%	11-Mar-19	—			—
	Canadian line of credit	CAD Prime	1.50%	Repayable upon demand	—			—
	Total debt				1,752.30			1,756.70
	Unamortized debt discount				(2.4		)	(2.4		)
	Current portion of long-term debt				(17.7		)	(17.7		)
	Long-term debt				$	1,732.20		$	1,736.60

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	Accumulated other comprehensive loss consisted of the following (in millions):
		March 31, 2015			December 31, 2014
	Foreign currency translation loss	$	(20.1	)	$	(1.8	)
	Unrealized gain on postretirement benefit obligation, net of tax	0.2			0.2
	Accumulated other comprehensive loss	$	(19.9	)	$	(1.6	)

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
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, 2015 (in millions):
		ADESA			IAA			AFC			Holding			Consolidated
		Auctions									Company
	Operating revenues	$	328		$	238		$	66.4		$	—		$	632.4
	Operating expenses
	Cost of services (exclusive of depreciation and amortization)	187.1			146.6			18.4			—			352.1
	Selling, general and administrative	68.5			22.1			7.1			23.8			121.5
	Depreciation and amortization	20.2			19.6			7.8			3.3			50.9
	Total operating expenses	275.8			188.3			33.3			27.1			524.5
	Operating profit (loss)	52.2			49.7			33.1			(27.1		)	107.9
	Interest expense	0.2			—			5.1			15.7			21
	Other (income) expense, net	(0.6		)	(0.2		)	(1.5		)	0.1			(2.2		)
	Intercompany expense (income)	15.2			9.6			(4.3		)	(20.5		)	—
	Income (loss) before income taxes	37.4			40.3			33.8			(22.4		)	89.1
	Income taxes	14.9			15.3			12.8			(8.4		)	34.6
	Net income (loss)	$	22.5		$	25		$	21		$	(14.0	)	$	54.5
	Total assets	$	2,408.60		$	1,238.90		$	1,760.80		$	68.1		$	5,476.40
	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
	Total assets	$	2,416.00		$	1,200.10		$	1,553.40		$	65.5		$	5,235.00

Basis_of_Presentation_and_Natu2

Basis of Presentation and Nature of Operations (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Mar. 11, 2014	19-May-11	Mar. 31, 2015	Dec. 31, 2014
Basis of Presentation and Nature of Operations
Unamortized debt issuance costs			$15	$16.70
ADESA Auctions
Basis of Presentation and Nature of Operations
Number of sites for whole car auctions			66
Ranking of largest providers of used vehicle auctions and related services			2
IAA
Basis of Presentation and Nature of Operations
Number of sites for salvage vehicle auctions			169
AFC
Basis of Presentation and Nature of Operations
Number of floorplan financing locations			112
Credit Agreement | Term Loan B-1
Basis of Presentation and Nature of Operations
Term of debt instrument	3 years
Credit Agreement | Term Loan B-2
Basis of Presentation and Nature of Operations
Term of debt instrument	7 years
Credit Agreement | Senior secured revolving credit facility
Basis of Presentation and Nature of Operations
Maximum borrowing capacity	250		250
Term of debt instrument	5 years
Original Credit Agreement | Senior secured term loan facility
Basis of Presentation and Nature of Operations
Term of debt instrument		6 years
Original Credit Agreement | Senior secured revolving credit facility
Basis of Presentation and Nature of Operations
Maximum borrowing capacity		250
Term of debt instrument		5 years

Acquisitions_Details

Acquisitions (Details) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
Acquisitions
Purchase price for business acquired	$21.90

Stock_and_StockBased_Compensat2

Stock and Stock-Based Compensation Plan Summary (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock and Stock-Based Compensation Plans
Total income tax benefit recognized (in dollars)	$1	$5.40
Stock-based compensation expense (in dollars)	2.6	15.1
RSUs
Stock and Stock-Based Compensation Plans
Stock-based compensation expense (in dollars)	0.4	0
Service options
Stock and Stock-Based Compensation Plans
Stock-based compensation expense (in dollars)	0.9	0.9
Exit options
Stock and Stock-Based Compensation Plans
Stock-based compensation expense (in dollars)	0	13.5
PRSUs
Stock and Stock-Based Compensation Plans
Stock-based compensation expense (in dollars)	$1.30	$0.70
KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan | PRSUs - adjusted EPS
Stock and Stock-Based Compensation Plans
PRSUs and RSUs grants	0.2
PRSUs vesting period	3 years
KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan | RSUs
Stock and Stock-Based Compensation Plans
PRSUs and RSUs grants	0.2
Number of equal annual installments	3
KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan | PRSUs - adjusted EPS and RSUs
Stock and Stock-Based Compensation Plans
PRSUs and RSUs grant date fair value	$37.02
KAR Auction Services Inc Omnibus Plan and the Plan | Exit options
Stock and Stock-Based Compensation Plans
Percentage of options that vest and become exercisable	25.00%
Percentage of options outstanding that became exercisable	25.00%

Share_Repurchase_Plan_Details

Share Repurchase Plan (Details) (USD $)	0 Months Ended	3 Months Ended
In Millions, except Share data, unless otherwise specified	Oct. 29, 2014	Mar. 31, 2015	Dec. 31, 2014	Oct. 29, 2014
Additional disclosures
Stock repurchase program, authorized amount				$300
Common stock, par value (in dollars per share)		$0.01	$0.01
Stock repurchase program expiration date	28-Oct-16
Stock repurchased and retired during period (in shares)		299,900
Stock repurchased and retired weighted average price per share		$35.77

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, 2015	Mar. 31, 2014
Earnings Per Share, Basic and Diluted [Abstract]
Net Income	$54.50	$20.70
Shares outstanding
Weighted average common shares outstanding	141.4	139.3
Effect of dilutive stock options and restricted stock awards (in shares)	2.5	1.6
Weighted average common shares outstanding and potential common shares	143.9	140.9
Net income per share
Basic (in dollars per share)	$0.39	$0.15
Diluted (in dollars per share)	$0.38	$0.15
Shares attributable to stock options excluded from the calculation of diluted net income per share	0	0.4
Securities excluded from calculation of earnings per share amount due to performance conditions not yet satisfied	0.3	0.1
Stock options outstanding (in shares)	5.1	7.5

Finance_Receivables_and_Obliga2

Finance Receivables and Obligations Collateralized by Finance Receivables (Details)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

In Millions, unless otherwise specified

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

USD ($)

USD ($)

USD ($)

Minimum

Floorplan receivables

Floorplan receivables

Floorplan receivables

Other Loans

Other Loans

Other Loans

AFC

AFC

AFC

AFC Funding Corporation

AFCI

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Minimum

USD ($)

CAD

Finance Receivables and Obligations Collateralized by Finance Receivables

Committed liquidity

$950

100

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

31 days

31 days

Principal Amount of Receivables

1,355.80

1,371.10

1,349.70

1,365.10

6.1

6

Principal Amount of Receivables Delinquent

5.8

4.2

5.8

4.2

0

0

Net Credit Losses

3.2

3.6

3.2

3.6

0

0

Allowance for losses

8.3

8

8.3

8

Finance receivables pledged as security

1,343.30

1,364.90

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

1.00%

1.00%

Obligations collateralized by finance receivables

$850

$865.20

LongTerm_Debt_Summary_Details

Long-Term Debt Summary (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Long-Term Debt
Total debt	1,752.30	$1,756.70
Unamortized debt discount	-2.4	-2.4
Current portion of long-term debt	-17.7	-17.7
Long-term debt	1,732.20	1,736.60
Term Loan B-1
Long-Term Debt
Total debt	643.5	645.1
Term Loan B-1 | LIBOR
Long-Term Debt
Variable rate basis	LIBOR
Interest rate basis (as a percent)	2.50%
Term Loan B-2
Long-Term Debt
Total debt	1,108.80	1,111.60
Term Loan B-2 | Adjusted LIBOR
Long-Term Debt
Variable rate basis	Adjusted LIBOR
Interest rate basis (as a percent)	2.75%
Canadian line of credit
Long-Term Debt
Total debt	0	0
Canadian line of credit | CAD Prime
Long-Term Debt
Variable rate basis	CAD Prime
Interest rate basis (as a percent)	1.50%
Credit Agreement | Revolving credit facility
Long-Term Debt
Total debt	0	$0
Credit Agreement | Revolving credit facility | LIBOR
Long-Term Debt
Variable rate basis	LIBOR
Interest rate basis (as a percent)	2.25%

Credit_Facilities_Details

Credit Facilities (Details) (USD $)	3 Months Ended		0 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Apr. 02, 2015	Mar. 11, 2014	Dec. 31, 2014
Long-Term Debt
Loss on extinguishment of debt	$0	$30.30
Payments on long-term debt	-4.4	-1,771.80
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%
Estimated fair value of long-term debt	1,746
Term Loan B-1
Long-Term Debt
Interest rate of loan (as a percent)	2.81%
Net cash proceeds from sale lease-back, percentage	50.00%
Number of scheduled quarterly installments prepaid on Term Loans	8
Term Loan B-1 | Subsequent Event
Long-Term Debt
Payments on long-term debt			-0.9
Term Loan B-2
Long-Term Debt
Interest rate of loan (as a percent)	3.50%
Net cash proceeds from sale lease-back, percentage	50.00%
Number of scheduled quarterly installments prepaid on Term Loans	8
Term Loan B-2 | Subsequent Event
Long-Term Debt
Payments on long-term debt			-1.5
Letters of credit
Long-Term Debt
Outstanding letters of credit	28.6				25.1
Original Credit Agreement
Long-Term Debt
Loss on extinguishment of debt				30.3
Credit Agreement | Term Loan B-1
Long-Term Debt
Term of debt instrument				3 years
Credit Agreement | Term Loan B-2
Long-Term Debt
Term of debt instrument				7 years
Credit Agreement | Revolving credit facility
Long-Term Debt
Term of debt instrument				5 years
Maximum borrowing capacity	250			250
Commitment fee on the unused amount of the Credit Facility (as a percent)	0.40%
Amount borrowed	$0				$0

Derivatives_Details

Derivatives (Details) (Interest rate caps, USD $)	0 Months Ended	3 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Aug. 16, 2013	Mar. 31, 2015	Apr. 16, 2015
	agreement		agreement
Aug 2013 interest rate cap
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
Aggregate notional amount	1,200
Variable rate basis		three-month LIBOR
Aug 2013 interest rate cap | Minimum
Fair value of the entity's interest rate derivatives included in the consolidated balance sheet
Floor rate (as a percent)		1.00%
April 2015 interest rate cap | Subsequent Event
Fair value of the entity's interest rate derivatives included in the consolidated balance sheet
Number of derivative agreements purchased			2
Aggregate amount paid for interest rate caps			0.7
Aggregate notional amount			$400
Variable rate basis			three-month LIBOR
April 2015 interest rate cap | Minimum | Subsequent Event
Fair value of the entity's interest rate derivatives included in the consolidated balance sheet
Floor rate (as a percent)			1.50%

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Mar. 31, 2015
	acre	item
		acre
Commitments and Contingencies
Significant change in legal and regulatory proceedings		0
Regulatory action related to Lower Duwamish Waterway | IAA
Commitments and Contingencies
Number of years LDW was identified as Superfund site before IAA began leasing Tukwila branch		3 years
Number of entities to whom notice letters have been issued by EPA		116
Minimum number of entities to whom Section 104(e) Requests were sent by EPA		300
Number of PRPs who funded a remedial investigation and feasibility study		4
Cost of environmental cleanup	$342
Number of acres to be dredged in environmental cleanup	105
Number of acres to be capped in environmental cleanup	24
Number of acres for enhanced natural recovery in environmental cleanup	48
Estimated length of environmental cleanup	17 years
Estimated length of environmental active remediation	7 years
Estimated length of environmental monitored natural recovery	10 years

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation loss	($20.10)	($1.80)
Unrealized gain on postretirement benefit obligation, net of tax	0.2	0.2
Accumulated other comprehensive loss	($19.90)	($1.60)

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3
Segment Information
ADESA Auction Services	$328	$298.10
IAA Salvage Services	238	225
AFC	66.4	60.7
Operating revenues	632.4	583.8
Operating expenses
Cost of services (exclusive of depreciation and amortization)	352.1	324.5
Selling, general and administrative	121.5	126.8
Depreciation and amortization	50.9	48.1
Total operating expenses	524.5	499.4
Operating profit	107.9	84.4
Interest expense	21	24.1
Other (income) expense, net	-2.2	-0.5
Loss on extinguishment of debt	0	30.3
Intercompany expense (income)	0	0
Income before income taxes	89.1	30.5
Income taxes	34.6	9.8
Net Income	54.5	20.7
Total assets	5,476.40	5,235	5,351.50
Operating Segments | ADESA Auctions
Segment Information
ADESA Auction Services	328	298.1
Operating expenses
Cost of services (exclusive of depreciation and amortization)	187.1	170.2
Selling, general and administrative	68.5	69.9
Depreciation and amortization	20.2	19.5
Total operating expenses	275.8	259.6
Operating profit	52.2	38.5
Interest expense	0.2	0.3
Other (income) expense, net	-0.6	-0.4
Loss on extinguishment of debt		0
Intercompany expense (income)	15.2	13.9
Income before income taxes	37.4	24.7
Income taxes	14.9	8.9
Net Income	22.5	15.8
Total assets	2,408.60	2,416
Operating Segments | IAA
Segment Information
IAA Salvage Services	238	225
Operating expenses
Cost of services (exclusive of depreciation and amortization)	146.6	137.9
Selling, general and administrative	22.1	26.2
Depreciation and amortization	19.6	18.8
Total operating expenses	188.3	182.9
Operating profit	49.7	42.1
Interest expense	0	0.1
Other (income) expense, net	-0.2	-0.1
Loss on extinguishment of debt		0
Intercompany expense (income)	9.6	9.6
Income before income taxes	40.3	32.5
Income taxes	15.3	11.9
Net Income	25	20.6
Total assets	1,238.90	1,200.10
Operating Segments | AFC
Segment Information
AFC	66.4	60.7
Operating expenses
Cost of services (exclusive of depreciation and amortization)	18.4	16.4
Selling, general and administrative	7.1	8.8
Depreciation and amortization	7.8	7.5
Total operating expenses	33.3	32.7
Operating profit	33.1	28
Interest expense	5.1	4.5
Other (income) expense, net	-1.5	0
Loss on extinguishment of debt		0
Intercompany expense (income)	-4.3	-5.3
Income before income taxes	33.8	28.8
Income taxes	12.8	10.9
Net Income	21	17.9
Total assets	1,760.80	1,553.40
Holding Company
Segment Information
Operating revenues	0	0
Operating expenses
Cost of services (exclusive of depreciation and amortization)	0	0
Selling, general and administrative	23.8	21.9
Depreciation and amortization	3.3	2.3
Total operating expenses	27.1	24.2
Operating profit	-27.1	-24.2
Interest expense	15.7	19.2
Other (income) expense, net	0.1	0
Loss on extinguishment of debt		30.3
Intercompany expense (income)	-20.5	-18.2
Income before income taxes	-22.4	-55.5
Income taxes	-8.4	-21.9
Net Income	-14	-33.6
Total assets	$68.10	$65.50