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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2019
Assets Or Stock Of Multiple Dealership Locations Acquired  
Acquisitions  
Summary of the purchase price allocations

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

Estimated

($ in thousands)

    

2019

    

2018

    

Life

Tangible assets (liabilities) acquired (assumed):

 

 

 

 

 

 

 

 

 

Inventory, net

 

$

9,096

 

$

6,609

 

 

 

Prepaid expenses and other assets

 

 

87

 

 

 —

 

 

 

Property and equipment, net

 

 

105

 

 

281

 

 

 

Other assets

 

 

 —

 

 

55

 

 

 

Accrued liabilities

 

 

(100)

 

 

(148)

 

 

 

Total tangible net assets acquired

 

 

9,188

 

 

6,797

 

 

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

Membership and customer lists

 

 

 —

 

 

116

 

4-7 years

Total intangible assets acquired

 

 

 —

 

 

116

 

 

 

Goodwill

 

 

11,981

 

 

5,571

 

 

 

Cash paid for acquisitions, net of cash acquired

 

 

21,169

 

 

12,484

 

 

 

Inventory purchases financed via floor plan

 

 

(8,416)

 

 

(4,222)

 

 

 

Cash payment net of floor plan financing

 

$

12,753

 

$

8,262