Business Acquisitions and Dispositions
|6 Months Ended|
Jun. 30, 2020
|Business Combinations [Abstract]|
|Business Acquisitions and Dispositions||Business Dispositions
We did not dispose of any dealerships during the six months ended June 30, 2020. We terminated one luxury franchised dealership during the six months ended June 30, 2020. We disposed of one luxury franchised dealership and three mid-line import franchised dealerships during the six months ended June 30, 2019 that generated net cash of approximately $121.3 million. The results of operations of each of these terminated or disposed dealerships remain in continuing operations in the accompanying unaudited condensed consolidated statements of operations.
Revenues and other activities associated with terminated or disposed franchised dealerships that remain in continuing operations were as follows:
Revenues and other activities associated with terminated or disposed franchised dealerships classified as discontinued operations were as follows:
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef