Acquisitions and Dispositions of Businesses (Tables)

3 Months Ended

Mar. 31, 2020

Acquisitions And Dispositions [Abstract]

Schedule of assets acquired and liabilities assumed

The aggregate purchase price of the 2019 acquisitions was allocated as follows, based on acquisition date fair values to the following assets and liabilities:

	Purchase Price Allocation
	Year Ended
(in thousands)	December 31, 2019
Accounts receivable	$	6,762
Inventory	34,134
Property, plant and equipment	56,391
Lease right-of-use assets	98,505
Goodwill	84,515
Indefinite-lived intangible assets	46,900
Amortized intangible assets	21,291
Other assets	8,308
Floor plan payables	(25,755		)
Other liabilities	(42,555		)
Deferred income taxes	(2,703		)
Current and noncurrent lease liabilities	(99,131		)
Redeemable noncontrolling interest	(1,715		)
Noncontrolling interest	(1,154		)
Aggregate purchase price, net of cash acquired	$	183,793

Acquisition Pro Forma Financial Information

The following unaudited pro forma financial information presents the Company’s results as if the current year acquisitions had occurred at the beginning of 2019. The unaudited pro forma information also includes the 2019 acquisitions as if they occurred at the beginning of 2018:

	Three Months Ended   March 31
(in thousands)	2020			2019
Operating revenues	$	732,598		$	751,191
Net (loss) income	(36,414		)	78,896