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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2018
Assets Or Stock Of Multiple Dealership Locations Acquired  
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

($ in thousands)

    

2018

    

2017

Tangible assets (liabilities) acquired (assumed):

 

 

 

 

 

 

Inventory

 

$

6,609

 

$

29,625

Property and equipment

 

 

281

 

 

467

Other assets

 

 

55

 

 

 3

Accrued liabilities

 

 

(148)

 

 

(479)

Total tangible net assets acquired

 

 

6,797

 

 

29,616

Intangible assets acquired:

 

 

 

 

 

 

Membership and customer lists

 

 

116

 

 

 —

Total intangible assets acquired

 

 

116

 

 

 —

Goodwill

 

 

5,571

 

 

45,832

Purchase price

 

 

12,484

 

 

75,448

Inventory purchases financed via floor plan

 

 

(4,222)

 

 

(16,805)

Cash payment net of floor plan financing

 

$

8,262

 

$

58,643