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Goodwill and Franchise Value (Tables) | 3 Months Ended
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Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amounts of goodwill are as follows (in thousands):
|  | Domestic |  | Import |  | Luxury |  | Consolidated
Balance as of December 31, 2016 ¹ |  | $ | 114,839 |  |  | $ | 106,179 |  |  | $ | 38,381 |  |  | $ | 259,399 |
Adjustments to purchase price allocations 2 |  | (817 | ) |  | (1,006 | ) |  | (391 | ) |  | (2,214 | )
Reductions through divestitures |  | — |  |  | (865 | ) |  | — |  |  | (865 | )
Balance as of December 31, 2017 ¹ |  | 114,022 |  |  | 104,308 |  |  | 37,990 |  |  | 256,320 |
Additions through acquisitions 3 |  | — |  |  | — |  |  | — |  |  | — |
Reductions through divestitures |  | — |  |  | (37 | ) |  | — |  |  | (37 | )
Balance as of March 31, 2018 ¹ |  | $ | 114,022 |  |  | $ | 104,271 |  |  | $ | 37,990 |  |  | $ | 256,283 |
1 Net of accumulated impairment losses of $299.3 million recorded during the year ended December 31, 2008. 2 Our purchase price allocation for the acquisition of the Carbone Auto Group was finalized in the third quarter of 2017. As a result, we reclassified $2.2 million of value from goodwill to franchise value. 3 Our purchase price allocation is preliminary for the acquisitions of the Baierl Auto Group, Downtown LA Auto Group, Albany CJD Fiat, Crater Lake Ford Lincoln, Crater Lake Mazda, Ray Laks Honda, Ray Laks Acura, Day Auto Group, and Prestige Auto Group and the associated goodwill has not been allocated to each of our segments. See also Note 10.
Schedule of Franchise Value | The changes in the carrying amounts of franchise value are as follows (in thousands):
| Franchise Value
Balance as of December 31, 2016 | $ | 184,268 |
Additions through acquisitions | 495 |
Adjustments to purchase price allocations 1 | 2,214 |
Balance as of December 31, 2017 | 186,977 |
Additions through acquisitions 2 | — |
Balance as of March 31, 2018 | $ | 186,977 |
1 Our purchase price allocation for the acquisition of the Carbone Auto Group was finalized in the third quarter of 2017, resulting in a reclassification of $2.2 million from goodwill to franchise value. 2 Our purchase price allocation is preliminary for the acquisitions of the Baierl Auto Group, Downtown LA Auto Group, Albany CJD Fiat, Crater Lake Ford Lincoln, Crater Lake Mazda, Ray Laks Honda, Ray Laks Acura, Day Auto Group, and Prestige Auto Group and have not been included in the above franchise value additions. See also Note 10.

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 + Details
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