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Business Acquisitions and Dispositions | 6 Months Ended
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Jun. 30, 2016
Business Combinations [Abstract] |
Business Acquisitions and Dispositions | 2. Business Acquisitions and Dispositions Acquisitions – Sonic did not acquire any franchises during the six months ended June 30, 2016 or 2015. Dispositions – Revenues and other activities associated with dealerships classified as discontinued operations were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |
|  | (In thousands) |  |
Income (loss) from operations |  | $ | (133 | ) |  | $ | (393 | ) |  | $ | (327 | ) |  | $ | (645 | ) |
Lease exit accrual adjustments and charges |  |  | (229 | ) |  |  | (116 | ) |  |  | 227 |  |  |  | (555 | ) |
Pre-tax income (loss) |  | $ | (362 | ) |  | $ | (509 | ) |  | $ | (100 | ) |  | $ | (1,200 | ) |
Total revenues |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |
Sonic did not dispose of any franchises during the six months ended June 30, 2016. Sonic disposed of one franchise during the three and six months ended June 30, 2015 that generated net cash of approximately $1.3 million. Revenues and other activities associated with disposed dealerships that remain in continuing operations were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |
|  | (In thousands) |  |
Income (loss) from operations |  | $ | (241 | ) |  | $ | (1,610 | ) |  | $ | (273 | ) |  | $ | (2,556 | ) |
Gain (loss) on disposal |  |  | (11 | ) |  |  | 1,057 |  |  |  | (58 | ) |  |  | 955 |  |
Property and equipment impairment charges |  |  | - |  |  |  | (10,096 | ) |  |  | - |  |  |  | (10,096 | ) |
Pre-tax income (loss) |  | $ | (252 | ) |  | $ | (10,649 | ) |  | $ | (331 | ) |  | $ | (11,697 | ) |
Total revenues |  | $ | - |  |  | $ | 28,949 |  |  | $ | - |  |  | $ | 57,569 |  |

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479 + Details
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