Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions

v3.19.1
Business Acquisitions and Dispositions
 3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Business Acquisitions and Dispositions Business Dispositions
We disposed of one luxury franchised dealership and three mid-line import franchised dealerships during the three months ended March 31, 2019 that generated net cash of approximately $121.7 million. We disposed of one luxury franchised dealership during the three months ended March 31, 2018 that generated net cash of approximately $7.5 million. Additionally, we terminated one luxury franchised dealership and ceased operations at a previously acquired pre-owned store in Florida during the three months ended March 31, 2018.
Revenues and other activities associated with disposed franchised dealerships that remain in continuing operations were as follows:
Three Months Ended March 31,
2019 2018
(In thousands)
Income (loss) from operations $ (1,504) $ (6,335)
Gain (loss) on disposal 46,750  1,190 
Lease exit accrual adjustments and charges 170  (520)
Pre-tax income (loss) $ 45,416  $ (5,665)
Total revenues $ 26,276  $ 147,880 

Revenues and other activities associated with disposed franchised dealerships classified as discontinued operations were as follows:
Three Months Ended March 31,
2019 2018
(In thousands)
Income (loss) from operations $ (180) $ (139)
Lease exit accrual adjustments and charges —  (109)
Pre-tax income (loss) $ (180) $ (248)
Total revenues $ —  $ —