Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Assets Or Stock Of Multiple Dealership Locations Acquired

Acquisitions

Summary of the purchase price allocations

	Six Months Ended June 30,
($ in thousands)	2018		2017
Tangible assets (liabilities) acquired (assumed):
Cash and cash equivalents	$	2,648	$	—
Contracts in transit		102		880
Accounts receivable		102		642
Inventory		35,551		84,211
Prepaid expenses and other assets		22		46
Property and equipment		293		792
Other assets		48		—
Accrued liabilities		(711)		(2,872)
Other liabilities		(412)		—
Total tangible net assets acquired		37,643		83,699
Intangible assets acquired:
Membership and customer lists		—		793
Total intangible assets acquired		—		793
Goodwill		36,578		132,119
Purchase price		74,221		216,611
Cash and cash equivalents acquired		(2,648)		—
Cash paid for acquisition, net of cash acquired		71,573		216,611
Inventory purchases financed via floor plan		(29,365)		(71,124)
Cash payment net of floor plan financing	$	42,208	$	145,487

Acquisitions Excluding Dealership Locations

Acquisitions

Summary of the purchase price allocations

	Six Months Ended June 30,
($ in thousands)	2018		2017
Tangible assets (liabilities) acquired (assumed):
Inventory	$	4,599	$	9,965
Prepaid expenses and other assets		76		42
Property and equipment		416		3,780
Accrued liabilities		(359)		(373)
Other liabilities		—		—
Total tangible net assets acquired		4,732		13,414
Intangible assets acquired:
Trademarks and trade names		318		17,900
Membership and customer lists		—		500
Total intangible assets acquired		318		18,400
Goodwill		3,580		4,660
Purchase price		8,630		36,474
Contingent consideration unpaid at June 30, 2017		—		(1,025)
Cash paid for acquisition, net of cash acquired	$	8,630	$	35,449