|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Franchised Dealerships Segment |
|
EchoPark Segment |
|
Powersports Segment |
|
Total |
|
(In millions) |
| Balance at December 31, 2024 (1) |
$ |
331.2 |
|
|
$ |
— |
|
|
$ |
27.3 |
|
|
$ |
358.5 |
|
| Additions through current-year acquisitions |
64.2 |
|
|
— |
|
|
— |
|
|
64.2 |
|
| Reductions from dispositions |
(0.7) |
|
|
— |
|
|
— |
|
|
(0.7) |
|
|
|
|
|
|
|
|
|
| Prior year acquisition allocations |
(0.2) |
|
|
— |
|
|
— |
|
|
(0.2) |
|
| Balance at December 31, 2025 (1) |
$ |
394.5 |
|
|
$ |
— |
|
|
$ |
27.3 |
|
|
$ |
421.8 |
|
| Additions through current-year acquisitions |
4.0 |
|
|
— |
|
|
5.7 |
|
|
9.7 |
|
| Reductions from dispositions |
(3.0) |
|
|
— |
|
|
— |
|
|
(3.0) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at September 30, 2026 (1) |
$ |
395.5 |
|
|
$ |
— |
|
|
$ |
33.0 |
|
|
$ |
428.5 |
|
(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, 2025 and the nine months ended September 30, 2026 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Franchised Dealerships Segment |
|
EchoPark Segment |
|
Powersports Segment |
|
Total |
|
|
|
|
(In millions) |
| Balance at December 31, 2024 |
$ |
382.6 |
|
|
$ |
— |
|
|
$ |
47.7 |
|
|
$ |
430.3 |
|
|
|
|
| Additions through current-year acquisitions |
202.0 |
|
|
— |
|
|
— |
|
|
202.0 |
|
|
|
|
| Reductions from dispositions |
(5.1) |
|
|
— |
|
|
(0.7) |
|
|
(5.8) |
|
|
|
|
| Reductions from impairment |
(165.9) |
|
|
— |
|
|
(6.5) |
|
|
(172.4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at December 31, 2025 |
$ |
413.6 |
|
|
$ |
— |
|
|
$ |
40.5 |
|
|
$ |
454.1 |
|
|
|
|
| Additions through current-year acquisitions |
63.6 |
|
|
— |
|
|
7.9 |
|
|
71.5 |
|
|
|
|
| Reductions from dispositions |
(17.2) |
|
|
— |
|
|
— |
|
|
(17.2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at September 30, 2026 |
$ |
460.0 |
|
|
$ |
— |
|
|
$ |
48.4 |
|
|
$ |
508.4 |
|
|
|
|
|