XML 33 R14.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Franchise Value | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Franchise Value | Goodwill and Franchise Value The following is a roll-forward of goodwill:
(Dollars in millions) |  | Domestic |  | Import |  | Luxury |  | Consolidated
Balance as of December 31, 2018 ¹ |  | $ | 164.5 |  |  | $ | 188.9 |  |  | $ | 81.5 |  |  | $ | 434.9 |
Adjustments to purchase price allocations 2 |  | 1.6 |  |  | 1.6 |  |  | 1.9 |  |  | 5.1 |
Additions through acquisitions 2 |  | 6.2 |  |  | 9.0 |  |  | 2.2 |  |  | 17.4 |
Reductions through divestitures |  | (0.2) |  |  | (0.9) |  |  | — |  |  | (1.1) |
Reductions from impairments |  | (0.3) |  |  | (1.3) |  |  | (0.1) |  |  | (1.7) |
Balance as of December 31, 2019 ¹ |  | 171.8 |  |  | 197.3 |  |  | 85.5 |  |  | 454.6 |
Additions through acquisitions 3 |  | 33.3 |  |  | 94.3 |  |  | 17.3 |  |  | 144.9 |
Reductions through divestitures |  | (0.1) |  |  | (0.7) |  |  | (2.2) |  |  | (3.0) |
Reductions from impairments |  | (0.5) |  |  | (3.0) |  |  | — |  |  | (3.5) |
Balance as of December 31, 2020 1 |  | $ | 204.5 |  |  | $ | 287.9 |  |  | $ | 100.6 |  |  | $ | 593.0 |
(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 2018 acquisitions were finalized in 2019. As a result, we added $22.5 million of goodwill. (3)Our purchase price allocation for a portion of the 2019 acquisitions were finalized in 2020. As a result, we added $144.9 million of goodwill. Our purchase price allocation for the remaining 2020 acquisitions are preliminary and goodwill is not yet allocated to our segments. These amounts are included in other non-current assets until we finalize our purchase accounting. See Note 15. The following is a roll-forward of franchise value:
(Dollars in millions) |  | Franchise Value
Balance as of December 31, 2018 |  | $ | 288.7 |
Adjustments to purchase price allocations 1 |  | 3.5 |
Additions through acquisitions 1 |  | 20.9 |
Reductions through divestitures |  | (6.0) |
Reductions from impairments |  | (0.4) |
Balance as of December 31, 2019 |  | 306.7 |
Additions through acquisitions 2 |  | 51.9 |
Reductions through divestitures |  | (4.0) |
Reductions from impairments |  | (4.4) |
Balance as of December 31, 2020 |  | $ | 350.2 |
(1)Our purchase price allocation for the 2018 acquisitions were finalized in 2019. As a result, we added $24.4 million of franchise value. (2)Our purchase price allocation for a portion of the 2019 acquisitions was finalized in 2020. As a result, we added $51.9 million of franchise value. Our purchase price allocation for the remaining 2020 acquisitions are preliminary and is not yet allocated to our segments. See Note 15.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration