Business Acquisitions and Dispositions |
9 Months Ended |
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Sep. 30, 2023 | |
| Business Combinations [Abstract] | |
| Business Acquisitions and Dispositions |
2. Business Acquisitions and Dispositions
During the three months ended March 31, 2023, we acquired one business (consisting of five locations) in our Powersports Segment for a aggregate gross purchase price (including inventory acquired and subsequently funded by floor plan notes payable) of approximately $75.1 million. The preliminary allocation of the approximately $75.1 million gross purchase price for the acquisition completed during the three months ended March 31, 2023 included inventory of approximately $11.6 million, property and equipment of approximately $0.7 million, franchise assets of approximately $22.6 million, goodwill of approximately $11.4 million, real estate of approximately $29.0 million, other assets of approximately $0.1 million, and other liabilities of approximately $0.3 million. During the three months ended March 31, 2022, we acquired two businesses in our Franchised Dealerships Segment for an aggregate gross purchase price (including inventory acquired and subsequently funded by floor plan notes payable) of approximately $28.4 million, including the impact of a $14.7 million post-close adjustment related to the acquisition of RFJ Auto Partners, Inc. and its subsidiaries completed in December 2021 (the "RFJ Acquisition"). Of this amount, approximately $13.7 million was related to the acquisition of the two franchised dealership stores. The allocation of the approximately $13.7 million aggregate gross purchase price for the acquisitions completed during the three months ended March 31, 2022 included inventory of approximately $4.9 million, property and equipment of approximately $0.1 million, franchise assets of approximately $6.4 million, goodwill of approximately $1.3 million, other assets of approximately $1.1 million and other liabilities of approximately $0.1 million. We did not dispose of any businesses during the three months ended March 31, 2023 and 2022.
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