Acquisitions and Dispositions of Businesses (Tables)

12 Months Ended

Dec. 31, 2021

Acquisitions And Dispositions [Abstract]

Schedule of assets acquired and liabilities assumed

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

	Purchase Price Allocation
	Year Ended December 31
(in thousands)	2021		2020		2019
Accounts receivable	$	18,835	$	745	$	6,762
Inventory	25,420		3,496		34,134
Property, plant and equipment	12,661		3,346		56,391
Lease right-of-use assets	26,333		6,580		98,505
Goodwill	205,003		73,951		84,669
Indefinite-lived intangible assets	22,200		—		46,900
Amortized intangible assets	100,800		14,589		21,291
Other assets	4,899		975		8,308
Deferred income taxes	42,850		15,958		(2,703)
Floor plan payables	(16,198)		—		(25,755)
Other liabilities	(52,421)		(14,917)		(42,555)
Current and noncurrent lease liabilities	(26,286)		(6,593)		(99,131)
Redeemable noncontrolling interest	(6,617)		(6,005)		(1,715)
Noncontrolling interest	—		—		(1,154)
Aggregate purchase price, net of cash acquired	$	357,479	$	92,125	$	183,947

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 2020. The unaudited pro forma information also includes the 2020 acquisitions as if they occurred at the beginning of 2019 and the 2019 acquisitions as if they had occurred at the beginning of 2018:

	Year Ended December 31
(in thousands)	2021		2020		2019
Operating revenues	$	3,513,689	$	3,323,427	$	3,089,712
Net income	358,890		279,810		304,734