Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions

v3.4.0.3
Business Acquisitions and Dispositions
 3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Business Acquisitions and Dispositions

2. Business Acquisitions and Dispositions

Acquisitions – Sonic did not acquire any franchises during the three months ended March 31, 2016 and 2015.

Dispositions – Revenues and other activities associated with dealerships classified as discontinued operations were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

 

2016

 

 

2015

 

 

 

 

(In thousands)

Income (loss) from operations

 

$

(194

)

 

$

(335

)

 

Lease exit accrual adjustments and charges

 

 

455

 

 

 

(356

)

 

Pre-tax income (loss)

 

$

261

 

 

$

(691

)

 

Total revenues

 

$

-

 

 

$

-

 

 

 

Sonic did not dispose of any franchises during the three months ended March 31, 2016 and 2015. Revenues and other activities associated with disposed dealerships that remain in continuing operations were as follows:

 

 

Three Months Ended March 31,

 

 

 

 

2016

 

 

2015

 

 

 

 

(In thousands)

Income (loss) from operations

 

$

(31

)

 

$

(945

)

 

Gain (loss) on disposal

 

 

(48

)

 

 

(102

)

 

Pre-tax income (loss)

 

$

(79

)

 

$

(1,047

)

 

Total revenues

 

$

14

 

 

$

28,619