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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2017
Assets Or Stock Of Multiple Dealership Locations Acquired  
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

Estimated

($ in thousands)

    

2017

    

2016

    

Life

Tangible assets (liabilities) acquired (assumed):

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

1,250

 

$

944

 

 

 

Inventory

 

 

121,808

 

 

36,285

 

 

 

Property and equipment

 

 

1,450

 

 

823

 

 

 

Other assets

 

 

164

 

 

175

 

 

 

Accounts payable

 

 

(569)

 

 

(2,231)

 

 

 

Accrued liabilities

 

 

(2,480)

 

 

(329)

 

 

 

Total tangible net assets acquired

 

 

121,623

 

 

35,667

 

 

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

Membership and customer lists

 

 

793

 

 

2,774

 

4-7 years

Total intangible assets acquired

 

 

793

 

 

2,774

 

 

 

Goodwill

 

 

158,815

 

 

40,165

 

 

 

Purchase price

 

 

281,231

 

 

78,606

 

 

 

Inventory purchases financed via floor plan

 

 

(99,451)

 

 

(28,942)

 

 

 

Cash payment net of floor plan financing

 

$

181,780

 

$

49,664

 

 

 

 

Gander Mountain and Overton's  
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

Estimated

 

Estimated

($ in thousands)

    

Fair Value

    

Life

Tangible assets (liabilities) acquired (assumed):

 

 

 

 

 

 

Inventory

 

$

9,965

 

 

 

Prepaid expenses and other assets

 

 

42

 

 

 

Property and equipment

 

 

8,436

 

 

 

Accrued liabilities

 

 

(373)

 

 

 

Total tangible net assets acquired

 

 

18,070

 

 

 

Intangible assets acquired:

 

 

 

 

 

 

Trademarks and trade names

 

 

14,800

 

15 years

Membership and customer lists

 

 

500

 

6 years

Websites

 

 

1,900

 

10 years

Total intangible assets acquired

 

 

17,200

 

 

 

Goodwill

 

 

1,329

 

 

 

Purchase price and cash paid for acquisition

 

$

36,599

 

 

 

 

TheHouse.com  
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

Estimated

 

Estimated

($ in thousands)

    

Fair Value

    

Life

Tangible assets (liabilities) acquired (assumed):

 

 

 

 

 

 

Cash and cash equivalents

 

$

501

 

 

 

Accounts receivable

 

 

159

 

 

 

Inventory

 

 

36,320

 

 

 

Prepaid expenses and other assets

 

 

1,120

 

 

 

Property and equipment

 

 

548

 

 

 

Accounts payable

 

 

(7,585)

 

 

 

Accrued liabilities

 

 

(827)

 

 

 

Deferred tax liabilities

 

 

(4,011)

 

 

 

Total tangible net assets acquired

 

 

26,225

 

 

 

Intangible assets acquired:

 

 

 

 

 

 

Trademarks and trade names

 

 

14,039

 

15 years

Websites

 

 

4,090

 

10 years

Total intangible assets acquired

 

 

18,129

 

 

 

Goodwill

 

 

26,678

 

 

 

Purchase price

 

 

71,032

 

 

 

Cash and cash equivalents acquired

 

 

(501)

 

 

 

Non-cash consideration - Class A shares issued

 

 

(5,720)

 

 

 

Cash paid for acquisition, net of cash acquired

 

$

64,811

 

 

 

 

W82 & Uncle Dan's  
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

Estimated

 

Estimated

($ in thousands)

    

Fair Value

    

Life

Tangible assets (liabilities) acquired (assumed):

 

 

 

 

 

 

Cash and cash equivalents

 

$

90

 

 

 

Accounts receivable

 

 

15

 

 

 

Inventory

 

 

3,886

 

 

 

Prepaid expenses and other assets

 

 

100

 

 

 

Property and equipment

 

 

1,327

 

 

 

Accounts payable

 

 

(2,380)

 

 

 

Accrued liabilities

 

 

(1,238)

 

 

 

Other liabilities

 

 

(87)

 

 

 

Total tangible net assets acquired

 

 

1,713

 

 

 

Intangible assets acquired:

 

 

 

 

 

 

Trademarks and trade names

 

 

148

 

15 years

Websites

 

 

84

 

10 years

Total intangible assets acquired

 

 

232

 

 

 

Goodwill

 

 

8,460

 

 

 

Purchase price

 

 

10,405

 

 

 

Cash and cash equivalents acquired

 

 

(90)

 

 

 

Cash paid for acquisition, net of cash acquired

 

$

10,315