Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Goodwill and Other (Tables)

v3.24.2.u1
Intangible Assets, Goodwill and Other (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Franchised
Dealerships
Segment		 EchoPark Segment Powersports Segment Total
(In millions)
Balance at December 31, 2022 (1) $ 221.8  $ —  $ 9.2  $ 231.0 
Additions through current year acquisitions —  —  11.9  11.9 
Reductions from dispositions (1.8) —  —  (1.8)
Prior year acquisition allocations 9.8  —  2.9  12.7 
Balance at December 31, 2023 (1) $ 229.8  $ —  $ 24.0  $ 253.8 
Additions through current year acquisitions —  —  —  — 
Reductions from dispositions (0.1) —  —  (0.1)
Reductions from impairment —  —  —  — 
Prior year acquisition allocations —  —  —  — 
Balance at June 30, 2024 (1) $ 229.7  $ —  $ 24.0  $ 253.7 
(1)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 changes in the carrying amount of franchise assets for the year ended December 31, 2023 and the six months ended June 30, 2024 were as follows:
  Franchised Dealerships Segment EchoPark Segment Powersports Segment
Total
(In millions)
Balance at December 31, 2022 $ 371.7  $ 1.9  $ 23.1  $ 396.7 
Additions through current year acquisitions —  —  22.6  22.6 
Reductions from dispositions —  (1.9) —  (1.9)
Balance at December 31, 2023 $ 371.7  $ —  $ 45.7  $ 417.4 
Additions through current year acquisitions —  —  —  — 
Reductions from dispositions —  —  —  — 
Balance at June 30, 2024 $ 371.7  $ —  $ 45.7  $ 417.4