XML 42 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Intangible Franchise Rights and Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2018
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 (in thousands):
|  | Intangible Franchise Rights
|  | U.S. |  | U.K. |  | Brazil |  | Total
BALANCE, December 31, 2016 |  | $ | 260,534 |  |  | $ | 17,337 |  |  | $ | 7,005 |  |  | $ | 284,876 |
Additions through acquisitions |  | 8,035 |  |  | 10,133 |  |  | — |  |  | 18,168 |
Impairments |  | (12,588 | ) |  | — |  |  | (6,744 | ) |  | (19,332 | )
Currency translation |  | — |  |  | 2,013 |  |  | (93 | ) |  | 1,920 |
BALANCE, December 31, 2017 |  | 255,981 |  |  | 29,483 |  |  | 168 |  |  | 285,632 |
Additions through acquisitions |  | 11,540 |  |  | 8,423 |  |  | — |  |  | 19,963 |
Disposals |  | (4,872 | ) |  | — |  |  | — |  |  | (4,872 | )
Impairments |  | (38,255 | ) |  | (485 | ) |  | — |  |  | (38,740 | )
Currency translation |  | — |  |  | (2,329 | ) |  | (24 | ) |  | (2,353 | )
BALANCE, December 31, 2018 |  | $ | 224,394 |  |  | $ | 35,092 |  |  | $ | 144 |  |  | $ | 259,630 |
The decrease in the Company’s intangible franchise rights in 2018 was primarily related to impairments above in the U.S. and U.K. The decrease was partially offset by the addition of franchise rights related to acquisitions. See Note 4, “Acquisitions and Dispositions”, for additional information. The increase in the Company’s intangible franchise rights in 2017 was primarily related to the addition of franchise rights associated with the purchase of 12 dealerships in the U.K. and three dealerships in the U.S., offset by impairments in the U.S. and Brazil of $12.6 million and $6.7 million, respectively.
|  | Goodwill
|  | U.S. |  | U.K. |  | Brazil |  | Total
BALANCE, December 31, 2016 |  | $ | 805,935 |  |  | $ | 57,054 |  |  | $ | 13,774 |  |  | $ | 876,763 |  | (1)
Additions through acquisitions |  | 29,332 |  |  | 2,575 |  |  | 95 |  |  | 32,002 |  |
Disposals |  | — |  |  | — |  |  | (933 | ) |  | (933 | ) |
Currency translation |  | — |  |  | 5,405 |  |  | (203 | ) |  | 5,202 |  |
BALANCE, December 31, 2017 |  | 835,267 |  |  | 65,034 |  |  | 12,733 |  |  | 913,034 |  | (1)
Additions through acquisitions |  | 39,703 |  |  | 28,475 |  |  | 4,284 |  |  | 72,462 |  |
Purchase price allocation adjustments |  | 19 |  |  | — |  |  | — |  |  | 19 |  |
Disposals and assets held for sale |  | (13,361 | ) |  | — |  |  | — |  |  | (13,361 | ) |
Currency translation |  | — |  |  | (5,922 | ) |  | (2,307 | ) |  | (8,229 | ) |
BALANCE, December 31, 2018 |  | $ | 861,628 |  |  | $ | 87,587 |  |  | $ | 14,710 |  |  | $ | 963,925 |  | (1)
(1) Net of accumulated impairments of $97.8 million The increase in the Company’s goodwill in 2018 was primarily related to the goodwill associated with the Company’s acquisitions. The increase was partially offset by disposals of certain dealerships in the U.S. and the reclassification of goodwill to Prepaid expenses and other current assets on the Company’s Consolidated Balance Sheets related to three pending dispositions qualifying as held-for-sale assets. See Note 4, “Acquisitions and Dispositions”, for additional information. The goodwill associated with the acquisitions in the U.S. and Brazil are expected to be deductible for tax purposes, while the goodwill associated with the acquisition in the U.K. is not expected to be deductible for tax purposes. The increase in the Company’s goodwill in 2017 was primarily related to the goodwill associated with the purchase of three dealerships in the U.S. and 12 dealerships in the U.K., and foreign currency translation adjustments in the U.K. and Brazil. The increase was partially offset by the disposal of two dealerships in Brazil.

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 all or part of the information related to 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_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration