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Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Revenue and Operating Income from Acquisitions
Revenue and net loss contributed by the 2018 acquisitions subsequent to the date of acquisition were as follows (in thousands):
Revenue
$
84,629

Net loss
$
(142
)
Summary of Acquisitions
The following tables summarize the consideration paid for the 2018 acquisitions and the amount of identified assets acquired and liabilities assumed as of the acquisition date (in thousands):
 
 
Consideration
Cash paid, net of cash acquired
 
$
324,367
Assets Acquired and Liabilities Assumed
 
 
Assets Acquired and Liabilities Assumed
Trade receivables, net
 
$
328

Inventories
 
153,422

Property and equipment
 
9,201

Other assets
 
174,474

Floor plan notes payable
 
(10,661
)
Other liabilities
 
(2,397
)
 
 
324,367

Goodwill
 
—

 
 
$
324,367
Pro Forma Summary of All Acquisitions
The following unaudited proforma summary presents consolidated information as if all acquisitions in the three-month periods ended March 31, 2018 and 2017 had occurred on January 1, 2017 (in thousands, except per share amounts):
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Revenue
 
$
2,822,370

 
$
2,825,619

Net income
 
50,737

 
53,034

Basic net income per share
 
2.03

 
2.11

Diluted net income per share
 
2.02

 
2.10