Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions

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Business Acquisitions and Dispositions
 9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Business Acquisitions and Dispositions Business Acquisitions and DispositionsAcquisitions – Sonic did not acquire any businesses during the three and nine months ended September 30, 2018. During the three months ended September 30, 2017, Sonic acquired a pre-owned vehicle business for approximately $76.6 million.
Dispositions – Sonic disposed of six franchised dealerships during the nine months ended September 30, 2018 that generated net cash of approximately $121.9 million. In addition to these dispositions, Sonic terminated one luxury franchised dealership and ceased operations at three stores in our EchoPark Segment. Sonic disposed of one mid-line import franchised dealership during the three months ended September 30, 2017 that generated net cash of approximately $22.6 million.
Revenues and other activities associated with disposed franchised dealerships classified as discontinued operations were as follows:
Three Months Ended September 30,  Nine Months Ended September 30, 
2018 2017 2018 2017
(In thousands) 
Income (loss) from operations  $ (148) $ (119) $ (478) $ (561)
Lease exit accrual adjustments and charges  (104) (362) (319) (1,089)
Pre-tax income (loss)  $ (252) $ (481) $ (797) $ (1,650)
Total revenues  $ —  $ —  $ —  $ — 
Revenues and other activities associated with disposed franchised dealerships that remain in continuing operations were as follows:
Three Months Ended September 30,  Nine Months Ended September 30, 
2018 2017 2018 2017
(In thousands) 
Income (loss) from operations  $ (910) $ (1,779) $ (6,039) $ (4,067)
Gain (loss) on disposal  (88) 8,490  39,149  8,466 
Lease exit accrual adjustments and charges  (15) —  (33) — 
Pre-tax income (loss)  $ (1,013) $ 6,711  $ 33,077  $ 4,399 
Total revenues  $ —  $ 127,313  $ 108,754  $ 393,662