Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2020

The changes in the carrying amount of franchise assets and goodwill for 2020 and 2019 were as follows:


	Franchise Assets		Net Goodwill
	(In thousands)
Balance at December 31, 2018	$	65,700	$	509,592	(1)
Reductions from dispositions	(1,400)		(33,801)

Balance at December 31, 2019	$	64,300	$	475,791	(1)
Additions through current year acquisitions	—		6,680
Reductions from dispositions	—		(494)
Reductions from impairment	—		(268,000)

Balance at December 31, 2020	$	64,300	$	213,977	(2)

(1)Net of accumulated impairment losses of $796.7 million.

(2)Net of accumulated impairment losses of $1.1 billion.