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Acquisitions (Tables)
 9 Months Ended
Sep. 30, 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
$
634,482

Net loss
$
(1,949
)
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
 
$
374,026

Debt issued
 
125,055

 
 
$
499,081
Assets Acquired and Liabilities Assumed
 
 
Assets Acquired and Liabilities Assumed
Accounts receivable
 
$
732

Inventories, net
 
179,973

Property and equipment, net
 
9,868

Other non-current assets
 
321,629

Floor plan notes payable
 
(10,779
)
Other long-term liabilities
 
(2,342
)
 
 
$
499,081
Pro Forma Summary of All Acquisitions
The following unaudited proforma summary presents consolidated information as if all acquisitions in the three and nine-month periods ended September 30, 2018 and 2017, had occurred on January 1, 2017 (in thousands, except per share amounts):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Revenue
 
$
3,091,952

 
$
3,118,676

 
$
9,048,379

 
$
9,024,723

Net income
 
93,107

 
52,452

 
204,526

 
161,614

Basic net income per share
 
3.85

 
2.10

 
8.29

 
6.44

Diluted net income per share
 
3.84

 
2.09

 
8.26

 
6.42