Acquisitions and Dispositions of Businesses (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022		2021
Accounts receivable	$	68	$	3,172	$	17,878
Inventory	5,224		21,278		25,383
Property, plant and equipment	29,859		36,255		13,126
Lease right-of-use assets	—		4,773		25,890
Goodwill	45,968		53,946		204,151
Indefinite-lived intangible assets	6,300		41,800		22,200
Amortized intangible assets	235		1,200		99,800
Other assets	4		404		4,911
Deferred income taxes	—		2,535		44,975
Floor plan payables	(2,215)		(10,908)		(16,636)
Other liabilities	(935)		(3,798)		(52,567)
Current and noncurrent lease liabilities	(1,184)		(5,865)		(25,593)
Redeemable noncontrolling interest	—		(2,164)		(6,616)
Noncontrolling interest	—		(512)		—
Aggregate purchase price, net of cash acquired	$	83,324	$	142,116	$	356,902

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 2022. The unaudited pro forma information also includes the 2022 acquisitions as if they occurred at the beginning of 2021 and the 2021 acquisitions as if they had occurred at the beginning of 2020:

	Year Ended December 31
(in thousands)	2023		2022		2021
Operating revenues	$	4,529,817	$	4,252,847	$	3,827,486
Net income	218,394		87,571		376,478