Acquisitions (Tables)

6 Months Ended

Jun. 30, 2019

Assets Or Stock Of Multiple Dealership Locations Acquired

Acquisitions

Summary of the purchase price allocations

	Six Months Ended June 30,				Estimated
($ in thousands)	2019		2018		Life
Tangible assets (liabilities) acquired (assumed):
Cash and cash equivalents	$	—	$	2,648
Contracts in transit		—		102
Accounts receivable, net		—		102
Inventory, net		13,895		40,150
Prepaid expenses and other assets		96		98
Property and equipment, net		158		709
Other assets		—		48
Accounts payable and accrued liabilities		(62)		(1,070)
Other liabilities		(38)		(412)
Total tangible net assets acquired		14,049		42,375
Intangible assets acquired:
Trademarks and trade names		—		318		15 years
Total intangible assets acquired		—		318
Goodwill		24,559		40,158
Purchase price		38,608		82,851
Cash and cash equivalents acquired		—		(2,648)
Cash paid for acquisitions, net of cash acquired		38,608		80,203
Inventory purchases financed via floor plan		(8,416)		(29,365)
Cash payment net of floor plan financing	$	30,192	$	50,838