Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

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	$	360,442
Net loss	$	(946	)

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	$	374,664
Debt issued	125,055
	$	499,719

Assets Acquired and Liabilities Assumed



	Assets Acquired and Liabilities Assumed
Accounts receivable	$	732
Inventories, net	180,035
Property and equipment, net	9,850
Other non-current assets	322,006
Floor plan notes payable	(10,776		)
Other long-term liabilities	(2,128		)
	$	499,719

Pro Forma Summary of All Acquisitions

The following unaudited proforma summary presents consolidated information as if all acquisitions in the three and six-month periods ended June 30, 2018 and 2017 had occurred on January 1, 2017 (in thousands, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Revenue	$	3,101,600	$	3,054,987	$	5,956,427	$	5,906,047
Net income	60,678		56,126		111,419		109,162
Basic net income per share	2.45		2.24		4.47		4.35
Diluted net income per share	2.44		2.24		4.45		4.34