Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v3.22.4
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Franchise Assets and Goodwill
The changes in the carrying amount of franchise assets and goodwill for 2022 and 2021 were as follows:
 
Franchise
Assets
Net
Goodwill
  
(In millions)
Balance at December 31, 2020 $ 64.3  $ 214.0  (1)
Additions through current year acquisitions 415.9  204.0  (2)
Reductions from dispositions —  (0.2)
Prior year acquisition allocations —  (1.4)
Balance at December 31, 2021 $ 480.2  $ 416.4  (1)
Additions through current year acquisitions 33.1  14.3 
Reductions from dispositions (0.2) — 
Reductions from impairment (116.4) (202.9)
Prior year acquisition allocations —  3.2 
Balance at December 31, 2022 $ 396.7  $ 231.0  (3)
(1)Net of accumulated impairment losses of $1.1 billion.
(2)Goodwill includes goodwill in connection with the RFJ Acquisition of approximately $123.4 million and $52.7 million allocated to the EchoPark Segment and the Franchised Dealership Segment, respectively.
(3)Net of accumulated impairment losses of $1.3 billion.