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Intangible Franchise Rights and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible franchise rights and goodwill accounts by reportable segment
The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment:
 
Intangible Franchise Rights
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
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
(22,909
)
 
—

 
—

 
(22,909
)
 
Currency translation
—

 
(1,498
)
 
(31
)
 
(1,529
)
 
Balance, September 30, 2018
$
239,740

 
$
36,408

 
$
137

 
$
276,285

 
 
Goodwill
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2017
$
835,267

 
$
65,034

 
$
12,733

 
$
913,034

(1) 
Additions through acquisitions
39,765

 
28,476

 
4,284

 
72,525

 
Purchase price allocation adjustments
2

 
—

 
—

 
2

 
Disposals
(9,973
)
 
—

 
—

 
(9,973
)
 
Currency translation
—

 
(3,882
)
 
(2,935
)
 
(6,817
)
 
Balance, September 30, 2018
$
865,061

 
$
89,628

 
$
14,082

 
$
968,771

(1) 

(1) Net of accumulated impairment of $97.8 million.
The Company evaluates intangible franchise rights and goodwill assets for impairment annually, or more frequently if events or circumstances indicate possible impairment. During the three months ended September 30, 2018, the Company identified circumstances indicating possible impairment of some individual franchise rights, requiring a quantitative assessment. The Company did not identify any such circumstances relative to the goodwill for each of its reporting units. Based on the results of the Company's assessment, the Company determined that the fair value of the franchise rights on two of its U.S. dealerships were below its respective carrying values, resulting in franchise asset impairment charges of $21.7 million. This was recognized as an asset impairment in the Company's Consolidated Statements of Operations during the three months ended September 30, 2018.