Subsequent Events
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12 Months Ended | ||
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Dec. 31, 2011
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Subsequent Events [Abstract] | |||
Subsequent Events |
Subsequent to December 31, 2011, Sonic disposed of two dealerships, which generated cash from disposition of approximately $13.0 million on the disposal of approximately $7.2 million of net assets. Total revenues for these dealerships totaled approximately $64.5 million, $59.8 million and $54.5 million for the years ended December 31, 2011, 2010 and 2009, respectively. The results of operations for these disposed dealerships are included in continuing operations for the years ended December 31, 2011, 2010 and 2009 in the Consolidated Statements of Income.
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