Acquisitions and Dispositions of Businesses (Tables)

12 Months Ended

Dec. 31, 2022

Acquisitions And Dispositions [Abstract]

Schedule of assets acquired and liabilities assumed

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

	Purchase Price Allocation
	Year Ended December 31
(in thousands)	2022		2021		2020
Accounts receivable	$	3,172	$	17,878	$	745
Inventory	21,278		25,383		3,496
Property, plant and equipment	36,255		13,126		3,346
Lease right-of-use assets	4,773		25,890		6,580
Goodwill	56,163		204,151		73,951
Indefinite-lived intangible assets	41,800		22,200		—
Amortized intangible assets	1,200		99,800		14,589
Other assets	481		4,911		975
Deferred income taxes	241		44,975		15,958
Floor plan payables	(10,908)		(16,636)		—
Other liabilities	(3,798)		(52,567)		(14,917)
Current and noncurrent lease liabilities	(5,865)		(25,593)		(6,593)
Redeemable noncontrolling interest	(2,164)		(6,616)		(6,005)
Noncontrolling interest	(512)		—		—
Aggregate purchase price, net of cash acquired	$	142,116	$	356,902	$	92,125

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 and the 2020 acquisitions as if they had occurred at the beginning of 2019:

	Year Ended December 31
(in thousands)	2022		2021		2020
Operating revenues	$	4,090,272	$	3,827,486	$	3,323,427
Net income	81,373		376,478		279,810