Acquisitions and Dispositions of Businesses (Tables)

6 Months Ended

Jun. 30, 2022

Acquisitions And Dispositions [Abstract]

Schedule of assets acquired and liabilities assumed

The aggregate purchase price of the 2021 acquisitions was allocated as follows on a preliminary basis, based on acquisition date fair values to the following assets and liabilities:

	Purchase Price Allocation
	Year Ended
(in thousands)	December 31, 2021
Accounts receivable	$	17,928
Inventory	25,383
Property, plant and equipment	13,126
Lease right-of-use assets	25,890
Goodwill	204,070
Indefinite-lived intangible assets	22,200
Amortized intangible assets	99,800
Other assets	4,911
Deferred income taxes	44,975
Floor plan payables	(16,198)
Other liabilities	(52,760)
Current and noncurrent lease liabilities	(25,593)
Redeemable noncontrolling interest	(6,616)
Aggregate purchase price, net of cash acquired	$	357,116

Acquisition Pro Forma Financial Information

The following unaudited pro forma financial information presents the Company’s results as if the

current year acquisitions had occurred at the beginning of 2021. The unaudited pro forma information also includes the 2021 acquisitions as if they occurred at the beginning of 2020:

	Three Months Ended   June 30				Six Months Ended   June 30
(in thousands)	2022		2021		2022		2021
Operating revenues	$	934,076	$	903,405	$	1,851,383	$	1,728,945
Net (loss) income	(66,299)		113,875		31,152		225,206