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