Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.23.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of goodwill for March 31, 2023 and December 31, 2022 were as follows:
Franchised
Dealerships
Segment		 EchoPark Segment Powersports Segment Total
(In millions)
Balance at December 31, 2021 (1) $ 251.2  $ 165.2  $ —  $ 416.4 
Additions through current year acquisitions 5.1  —  9.2  14.3 
Reductions from impairment —  (202.9) —  (202.9)
Prior year acquisition allocations (34.5) 37.7  —  3.2 
Balance at December 31, 2022 (2) $ 221.8  $ —  $ 9.2  $ 231.0 
Additions through current year acquisitions —  —  11.9  11.9 
Prior year acquisition allocations —  —  1.5  1.5 
Balance at March 31, 2023 (2) $ 221.8  $ —  $ 22.6  $ 244.4 
(1) Net of accumulated impairment losses of $1.1 billion, related to the Franchised Dealerships Segment.
(2) Net of accumulated impairment losses of $1.1 billion and $202.9 million, related to the Franchised Dealerships Segment and the EchoPark Segment, respectively.
The carrying amount of indefinite lived franchise assets was approximately $419.3 million and $396.7 million as of March 31, 2023 and December 31, 2022, respectively.