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Intangible Franchise Rights and Goodwill
 9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE FRANCHISE RIGHTS AND GOODWILL
INTANGIBLE FRANCHISE RIGHTS AND GOODWILL
The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment:
 
Intangible Franchise Rights
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2016
$
260,534

 
$
17,337

 
$
7,005

 
$
284,876

 
Additions through acquisitions
8,035

 
8,762

 
—

 
16,797

 
Impairments
(9,526
)
 
—

 
—

 
(9,526
)
 
Currency translation
—

 
1,771

 
202

 
1,973

 
BALANCE, September 30, 2017
$
259,043

 
$
27,870

 
$
7,207

 
$
294,120

 
 
Goodwill
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2016
$
805,935

 
$
57,054

 
$
13,774

 
$
876,763

(1) 
Additions through acquisitions
29,171

 
3,737

 
95

 
33,003

 
Disposals
—

 
—

 
(933
)
 
(933
)
 
Currency translation
—

 
5,008

 
401

 
5,409

 
Tax adjustments
(18
)
 
—

 
—

 
(18
)
 
BALANCE, September 30, 2017
$
835,088

 
$
65,799

 
$
13,337

 
$
914,224

(1) 
(1) Net of accumulated impairment of $97.8 million.
The Company evaluates intangible franchise rights and goodwill assets for impairment annually or more frequently if events or circumstances indicate possible impairment. During the three months ended September 30, 2017, the Company identified circumstances indicating possible impairment of some individual franchise rights, requiring a quantitative assessment. The Company did not identify any such circumstances relative to the goodwill for each of its reporting units. Based on the results of the Company's assessment, the Company determined that the fair value of the franchise rights on one of its U.S. dealerships was below its respective carrying value, resulting in franchise asset impairment charges of $9.5 million. This was recognized as an asset impairment in the Company's Consolidated Statements of Operations during the three months ended September 30, 2017.