Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions

v3.7.0.1
Business Acquisitions and Dispositions
 3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Business Acquisitions and Dispositions

2. Business Acquisitions and Dispositions

Sonic did not acquire or dispose of any franchises during the three months ended March 31, 2017 and 2016.

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

 

 

 

Three Months Ended March 31,

 

 

 

 

2017

 

 

2016

 

 

 

 

(In thousands)

 

 

Income (loss) from operations

 

$

(1,165

)

 

$

(194

)

 

Lease exit accrual adjustments and charges

 

 

297

 

 

 

455

 

 

Pre-tax income (loss)

 

$

(868

)

 

$

261

 

 

Total revenues

 

$

-

 

 

$

-

 

 

 

Revenues and other activities associated with disposed dealerships that remain in continuing operations were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

 

2017

 

 

2016

 

 

 

 

(In thousands)

Income (loss) from operations

 

$

(27

)

 

$

(31

)

 

Gain (loss) on disposal

 

 

(24

)

 

 

(48

)

 

Pre-tax income (loss)

 

$

(51

)

 

$

(79

)

 

Total revenues

 

$

-

 

 

$

14