Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Assets Or Stock Of Multiple Dealership Locations Acquired

Acquisitions

Summary of the purchase price allocations

	Nine Months Ended September 30,				Estimated
($ in thousands)	2019		2018		Life
Tangible assets (liabilities) acquired (assumed):
Cash and cash equivalents	$	—	$	2,648
Contracts in transit		—		103
Accounts receivable, net		—		103
Inventory, net		19,871		40,856
Prepaid expenses and other assets		95		155
Property and equipment, net		360		818
Other assets		—		48
Accounts payable		(2)		(64)
Accounts payable and accrued liabilities		(113)		(1,440)
Other liabilities		—		(168)
Total tangible net assets acquired		20,211		43,059
Intangible assets acquired:
Trademarks and trade names		—		318		15 years
Membership and customer lists		—		766	4-7 years
Total intangible assets acquired		—		1,084
Goodwill		28,198		40,725
Purchase price		48,409		84,868
Cash and cash equivalents acquired		—		(2,648)
Cash paid for acquisitions, net of cash acquired		48,409		82,220
Inventory purchases financed via floor plan		(13,854)		(29,365)
Cash payment net of floor plan financing	$	34,555	$	52,855