ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table ($ in millions) summarizes the consideration transferred by the Company for the Freedom Transaction:

Cash	$	70.6
Class B common stock	26.5
Acquiree transaction expenses paid by the Company at closing	0.1
Total purchase price consideration	$	97.2

The table below ($ in millions) represents the final determination of the fair value of the identifiable assets acquired and liabilities assumed from the Freedom Entities. All acquired assets and liabilities, including goodwill, recognized as a result of the Freedom Transaction have been included in the Company’s powersports reporting segment.

Estimated fair value of assets:
Cash	$	6.4
Contracts in transit	1.2
Accounts receivable	1.1
Inventory	24.8
Prepaid expenses	0.2
Property & equipment	50.2
Right-of-use assets	2.9
Other intangible assets	2.1
Franchise rights	39.7
Total assets acquired	$	128.6
Estimated fair value of liabilities assumed:
Accounts payable, accrued expenses and other current liabilities	$	5.4
Notes payable - floor plan	18.3
Lease liabilities	2.0
Deferred revenues	3.5
Mortgage notes	26.8
Notes payable	4.7
Total liabilities assumed	60.7
Total net assets acquired	67.9
Goodwill	29.3
Total purchase price consideration	$	97.2

Schedule of Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information presents Company consolidated information for 2022 as if the Freedom Transaction were completed as of January 1, 2021:

	2022
Pro forma revenue ($ in millions)	$	1,482.6
Pro forma net loss from continuing operations ($ in millions)	$	(233.3)
Pro forma loss per share from continuing operations-basic	$	(14.59)
Pro forma loss per share from continuing operations-diluted	$	(14.59)