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Business Acquisitions and Dispositions | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Business Acquisitions and Dispositions | Business Dispositions We disposed of one luxury franchised dealership and three mid-line import franchised dealerships during the three months ended March 31, 2019 that generated net cash of approximately $121.7 million. We disposed of one luxury franchised dealership during the three months ended March 31, 2018 that generated net cash of approximately $7.5 million. Additionally, we terminated one luxury franchised dealership and ceased operations at a previously acquired pre-owned store in Florida during the three months ended March 31, 2018. Revenues and other activities associated with disposed franchised dealerships that remain in continuing operations were as follows:
| Three Months Ended March 31, |  |  |  |  |  |  |  |  |  |
| 2019 |  | 2018 |  |  |  |  |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
Income (loss) from operations | $ | (1,504) |  | $ | (6,335) |  |  |  |  |  |  |  |
Gain (loss) on disposal | 46,750 |  | 1,190 |  |  |  |  |  |  |  |
Lease exit accrual adjustments and charges | 170 |  | (520) |  |  |  |  |  |  |  |
Pre-tax income (loss) | $ | 45,416 |  | $ | (5,665) |  |  |  |  |  |  |  |
Total revenues | $ | 26,276 |  | $ | 147,880 |  |  |  |  |  |  |  |
Revenues and other activities associated with disposed franchised dealerships classified as discontinued operations were as follows:
| Three Months Ended March 31, |  |  |  |  |  |  |  |  |  |
| 2019 |  | 2018 |  |  |  |  |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
Income (loss) from operations | $ | (180) |  | $ | (139) |  |  |  |  |  |  |  |
Lease exit accrual adjustments and charges | — |  | (109) |  |  |  |  |  |  |  |
Pre-tax income (loss) | $ | (180) |  | $ | (248) |  |  |  |  |  |  |  |
Total revenues | $ | — |  | $ | — |  |  |  |  |  |  |  |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
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- References No definition available. + Details
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Period Type: | duration