XML 61 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Franchise Rights and Goodwill (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Roll-forward of intangible franchise rights and goodwill accounts
The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment:
 
 
Intangible Franchise Rights
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
BALANCE, December 31, 2015
 
$
285,659

 
$
7,773

 
$
14,156

 
$
307,588

Additions through acquisitions
 

 
12,833

 

 
12,833

Disposals
 
(5,203
)
 

 

 
(5,203
)
Impairments
 
(19,922
)
 

 
(9,901
)
 
(29,823
)
Currency translation
 

 
(3,269
)
 
2,750

 
(519
)
BALANCE, December 31, 2016
 
260,534

 
17,337

 
7,005

 
284,876

Additions through acquisitions
 
8,035

 
10,133

 

 
18,168

Impairments
 
(12,588
)
 

 
(6,744
)
 
(19,332
)
Currency translation
 

 
2,013

 
(93
)
 
1,920

BALANCE, December 31, 2017
 
$
255,981

 
$
29,483


$
168

 
$
285,632

The increase in the Company’s intangible franchise rights in 2017 was primarily related to the addition of franchise rights associated with the purchase of 12 dealerships in the U.K. and three dealerships in the U.S. The 2017 additions were partially offset by impairments of $12.6 million and $6.7 million in the U.S. and Brazil, respectively. The decrease in the Company’s intangible franchise rights in 2016 was primarily related to impairments in the U.S. and Brazil of $19.9 million and $9.9 million, respectively, as a result of the Company’s interim and annual impairment assessments. The impairments were partially offset by the addition of franchise rights associated with the purchase of 12 dealerships in the U.K. during the year ended December 31, 2016.
 
 
Goodwill
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
BALANCE, December 31, 2015
 
$
809,775

 
$
35,320

 
$
9,820

 
$
854,915

(1)
Additions through acquisitions
 

 
31,644

 
1,855

 
33,499

 
Purchase price allocation adjustments
 
28

 
1,024

 

 
1,052

 
Disposals
 
(3,868
)
 

 
(191
)
 
(4,059
)
 
Currency translation
 

 
(10,934
)
 
2,290

 
(8,644
)
 
BALANCE, December 31, 2016
 
805,935

 
57,054


13,774

 
876,763

(1)
Additions through acquisitions
 
29,332

 
2,575

 
95

 
32,002

 
Disposals
 

 

 
(933
)
 
(933
)
 
Currency translation
 

 
5,405

 
(203
)
 
5,202

 
BALANCE, December 31, 2017
 
$
835,267

 
$
65,034


$
12,733

 
$
913,034

(1)