Store Divestitures

3 Months Ended

Mar. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Store Divestitures

STORE DIVESTITURES

During the first quarter of 2018, we divested seven Domestic stores, two Import stores, one Premium Luxury store, and one collision center, and recorded a net gain of $6.5 million. Write-downs associated with certain of the business divestitures that closed during the first quarter of 2018 were previously recorded during the fourth quarter of 2017. During the first quarter of 2017, we divested one Import store and recorded a gain of $4.3 million.

Gains on divestitures are included in Other Income, Net (within Operating Income) in our Unaudited Condensed Consolidated Statements of Income. The financial condition and results of operations of these businesses were not material to our consolidated financial statements.