Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions

v3.20.2
Business Acquisitions and Dispositions
 6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Business Acquisitions and Dispositions Business Dispositions
We did not dispose of any dealerships during the six months ended June 30, 2020. We terminated one luxury franchised dealership during the six months ended June 30, 2020. We disposed of one luxury franchised dealership and three mid-line import franchised dealerships during the six months ended June 30, 2019 that generated net cash of approximately $121.3 million. The results of operations of each of these terminated or disposed dealerships remain in continuing operations in the accompanying unaudited condensed consolidated statements of operations.
Revenues and other activities associated with terminated or disposed franchised dealerships that remain in continuing operations were as follows:
Three Months Ended June 30, Six Months Ended June 30,
2020 2019 2020 2019
(In thousands)
Income (loss) from operations $ (1,038)   $ 225    $ (1,317)   $ (2,200)  
Gain (loss) on disposal (1,117)   (356)   (1,115)   46,394   
Lease exit accrual adjustments and charges —    —    —    170   
Pre-tax income (loss) $ (2,155)   $ (131)   $ (2,432)   $ 44,364   
Total revenues $ —    $ 100,597    $ 6,615    $ 216,110   

Revenues and other activities associated with terminated or disposed franchised dealerships classified as discontinued operations were as follows:
Three Months Ended June 30, Six Months Ended June 30,
2020 2019 2020 2019
(In thousands)
Income (loss) from operations $ (289)   $ (213)   $ (573)   $ (393)  
Pre-tax income (loss) $ (289)   $ (213)   $ (573)   $ (393)  
Total revenues $ —    $ —    $ —    $ —