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Business Acquisitions and Dispositions | 9 Months Ended
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Sep. 30, 2019
Business Combinations [Abstract] |
Business Acquisitions and Dispositions | Business DispositionsWe disposed of one luxury franchised dealership and four mid-line import franchised dealerships during the nine months ended September 30, 2019 that generated net cash of approximately $130.1 million. We disposed of two luxury franchised dealerships and four mid-line import franchised dealerships during the nine months ended September 30, 2018 that generated net cash of approximately $121.9 million. Additionally, we terminated one luxury franchised dealership and ceased operations at a previously acquired pre-owned store in Florida during the nine months ended September 30, 2018. The results of operations of each of these disposed or terminated dealerships remain in continuing operations in the accompanying unaudited condensed consolidated statements of income. Revenues and other activities associated with disposed franchised dealerships that remain in continuing operations were as follows:
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |  |  |  |  |
| 2019 |  | 2018 |  | 2019 |  | 2018 |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
Income (loss) from operations | $ | (200) |  |  | $ | (301) |  |  | $ | (2,701) |  |  | $ | (6,146) |  |  |  |  |
Gain (loss) on disposal | (823) |  |  | (88) |  |  | 45,570 |  |  | 39,149 |  |  |  |  |
Lease exit accrual adjustments and charges | — |  |  | (16) |  |  | 169 |  |  | (784) |  |  |  |  |
Pre-tax income (loss) | $ | (1,023) |  |  | $ | (405) |  |  | $ | 43,038 |  |  | $ | 32,219 |  |  |  |  |
Total revenues | $ | 2,455 |  |  | $ | 100,242 |  |  | $ | 54,682 |  |  | $ | 386,160 |  |  |  |  |
Revenues and other activities associated with disposed franchised dealerships classified as discontinued operations were as follows:
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |  |  |  |  |
| 2019 |  | 2018 |  | 2019 |  | 2018 |  |  |  |
| (In thousands) |  |  |  |  |  |  |  |  |  |
Income (loss) from operations | $ | (223) |  |  | $ | (148) |  |  | $ | (616) |  |  | $ | (478) |  |  |  |  |
Lease exit accrual adjustments and charges | — |  |  | (104) |  |  | — |  |  | (319) |  |  |  |  |
Pre-tax income (loss) | $ | (223) |  |  | $ | (252) |  |  | $ | (616) |  |  | $ | (797) |  |  |  |  |
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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