Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions

v3.7.0.1
Business Acquisitions and Dispositions
 6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Business Acquisitions and Dispositions

2. Business Acquisitions and Dispositions

Sonic did not acquire or dispose of any franchises during the three and six months ended June 30, 2017 and 2016.

Revenues and other activities associated with dealerships classified as discontinued operations were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

(In thousands)

 

 

Income (loss) from operations

 

$

(162

)

 

$

(135

)

 

$

(441

)

 

$

(327

)

 

Lease exit accrual adjustments and charges

 

 

(139

)

 

 

(227

)

 

 

(727

)

 

 

227

 

 

Pre-tax income (loss)

 

$

(301

)

 

$

(362

)

 

$

(1,168

)

 

$

(100

)

 

Total revenues

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

Revenues and other activities associated with disposed dealerships that remain in continuing operations were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

(In thousands)

 

 

Income (loss) from operations

 

$

(16

)

 

$

(241

)

 

$

(43

)

 

$

(273

)

 

Gain (loss) on disposal

 

 

-

 

 

 

(11

)

 

 

(24

)

 

 

(58

)

 

Pre-tax income (loss)

 

$

(16

)

 

$

(252

)

 

$

(67

)

 

$

(331

)

 

Total revenues

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-