Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Assets Or Stock Of Multiple Dealership Locations Acquired

Acquisitions

Summary of the purchase price allocations

	Nine Months Ended September 30,
($ in thousands)	2018		2017
Tangible assets (liabilities) acquired (assumed):
Cash and cash equivalents	$	2,648	$	—
Contracts in transit		103		—
Accounts receivable		103		1,306
Inventory		36,257		98,869
Prepaid expenses and other assets		79
Property and equipment		402		835
Other assets		48		72
Accounts payable		(64)		—
Accrued liabilities		(1,081)		(3,019)
Deferred revenues and gains		(168)		—
Total tangible net assets acquired		38,327		98,063
Intangible assets acquired:
Membership and customer lists		766		793
Total intangible assets acquired		766		793
Goodwill		37,145		143,788
Purchase price		76,238		242,644
Cash and cash equivalents acquired		(2,648)		—
Cash paid for acquisition, net of cash acquired		73,590		242,644
Inventory purchases financed via floor plan		(29,365)		(79,321)
Cash payment net of floor plan financing	$	44,225	$	163,323

Acquisitions Excluding Dealership Locations

Acquisitions

Summary of the purchase price allocations

	Nine Months Ended September 30,
($ in thousands)	2018		2017
Tangible assets (liabilities) acquired (assumed):
Cash and cash equivalents	$	—	$	501
Accounts receivable		—		159
Inventory		4,599		47,129
Prepaid expenses and other assets		76		1,169
Property and equipment		416		9,530
Other assets		—		—
Accounts payable		—		(7,582)
Accrued liabilities		(359)		(1,990)
Other liabilities		—		(6,016)
Total tangible net assets acquired		4,732		42,900
Intangible assets acquired:
Trademarks and trade names		318		28,839
Membership and customer lists		—		500
Websites		—		5,990
Total intangible assets acquired		318		35,329
Goodwill		3,580		31,509
Purchase price		8,630		109,738
Cash and cash equivalents acquired		—		(501)
Contingent consideration unpaid at September 30, 2017		—		(1,021)
Non-cash consideration - Class A shares issued		—		(5,720)
Cash paid for acquisition, net of cash acquired	$	8,630	$	102,496