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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2017
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

($ in thousands)

    

2017

    

2016

Assets (liabilities) acquired (assumed) at fair value:

 

 

 

 

 

 

Accounts receivable

 

$

 —

 

$

944

Inventory

 

 

29,625

 

 

25,989

Property and equipment

 

 

467

 

 

 —

Intangibles

 

 

 —

 

 

635

Goodwill

 

 

45,832

 

 

33,469

Security deposits

 

 

 —

 

 

1,349

Other assets

 

 

 3

 

 

142

Accrued expenses

 

 

(479)

 

 

(2,277)

Purchase price

 

 

75,448

 

 

60,251

Inventory purchases financed via floor plan

 

 

(16,805)

 

 

(22,265)

Cash payment net of floor plan financing

 

$

58,643

 

$

37,986