Acquisitions and Dispositions of Businesses (Tables)

3 Months Ended

Mar. 31, 2023

Acquisitions And Dispositions [Abstract]

Schedule of assets acquired and liabilities assumed

The aggregate purchase price of the 2022 acquisitions was allocated as follows, based on acquisition date fair values to the following assets and liabilities:

	Purchase Price Allocation
	Year Ended
(in thousands)	December 31, 2022
Accounts receivable	$	3,172
Inventory	21,278
Property, plant and equipment	36,255
Lease right-of-use assets	4,773
Goodwill	56,163
Indefinite-lived intangible assets	41,800
Amortized intangible assets	1,200
Other assets	481
Deferred income taxes	241
Floor plan payables	(10,908)
Other liabilities	(3,798)
Current and noncurrent lease liabilities	(5,865)
Redeemable noncontrolling interest	(2,164)
Noncontrolling interest	(512)
Aggregate purchase price, net of cash acquired	$	142,116

Acquisition Pro Forma Financial Information

The acquired companies were consolidated into the Company’s financial statements starting on their respective acquisition dates. The following unaudited pro forma information includes the 2022 acquisitions as if they occurred at the beginning of 2021:

	Three Months Ended   March 31
(in thousands)	2022
Operating revenues	$	998,193
Net income	100,676