Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 17

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 capital expenditures$30.8 $8.9 $39.7 $71.1 $31.7 $102.9 (1) Other segment items include other expenses, which primarily relate to currency translation. 

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Table of Contents GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

June 30, 2025U.S.U.K.TotalProperty and equipment, net$2,306.6 $744.8 $3,051.4 Total assets (1)$7,816.0 $2,393.5 $10,209.5 December 31, 2024U.S.U.K.TotalProperty and equipment, net$2,181.9 $674.6 $2,856.5 Total assets (1)$7,630.1 $2,176.6 $9,806.6 (1) Total assets for reportable segments exclude the total assets related to discontinued operations. The assets related to discontinued operations were immaterial as of June 30, 2025 and December 31, 2024.

6. EARNINGS PER SHARE 

The two-class method is utilized for the computation of the Company’s EPS. The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends that are paid in cash. The Company’s restricted stock awards are participating securities. Income allocated to these participating securities is excluded from net earnings available to common shares, as shown in the table below. Basic EPS is computed by dividing net income available to basic common shares by the weighted average number of basic common shares outstanding during the period. Diluted EPS is computed by dividing net income available to diluted common shares by the weighted average number of dilutive common shares outstanding during the period.The following table sets forth the calculation of EPS (in millions, except share and per share data):  Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Weighted average basic common shares outstanding12,814,393 13,226,129 12,936,243 13,277,425 Dilutive effect of stock-based awards and employee stock purchases 28,298 67,927 26,129 63,987