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Business Acquisitions and Dispositions | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 2019 that generated net cash of approximately $121.3 million. We disposed of two luxury franchised dealerships and four mid-line import franchised dealerships during the six months ended June 30, 2018 that generated net cash of approximately $122.4 million. Additionally, we terminated one luxury franchised dealership and ceased operations at a previously acquired pre-owned store in Florida during the six months ended June 30, 2018. Revenues and other activities associated with disposed franchised dealerships that remain in continuing operations were as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |  |  |  |
| 2019 |  | 2018 |  | 2019 |  | 2018 |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
Income (loss) from operations | $ | (339) |  | $ | 739 |  | $ | (1,842) |  | $ | (5,505) |  |  |  |
Gain (loss) on disposal | (356) |  | 38,422 |  | 46,394 |  | 39,613 |  |  |  |
Lease exit accrual adjustments and charges | — |  | 2 |  | 169 |  | (18) |  |  |  |
Pre-tax income (loss) | $ | (695) |  | $ | 39,163 |  | $ | 44,721 |  | $ | 34,090 |  |  |  |
Total revenues | $ | — |  | $ | 30,751 |  | $ | 26,473 |  | $ | 108,777 |  |  |  |
Revenues and other activities associated with disposed franchised dealerships classified as discontinued operations were as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |  |  |  |
| 2019 |  | 2018 |  | 2019 |  | 2018 |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
Income (loss) from operations | $ | (213) |  | $ | (191) |  | $ | (393) |  | $ | (330) |  |  |  |
Lease exit accrual adjustments and charges | — |  | (106) |  | — |  | (215) |  |  |  |
Pre-tax income (loss) | $ | (213) |  | $ | (297) |  | $ | (393) |  | $ | (545) |  |  |  |
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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- References No definition available. + Details
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