23. Quarterly Financial Information (Unaudited)


	Three Months Ended
	December 31,		September 30,		June 30,		March 31,		December 31,		September 30,		June 30,		March 31,
($ in thousands)	2016		2016		2016		2016		2015		2015		2015		2015
Revenue (1)		670,032		991,071		1,067,855		797,748		647,311		948,005		993,446		697,332
Income from operations (1)		34,235		87,741		103,351		56,041		24,457		76,221		93,891		49,941
Net income (1)		13,635		68,416		83,406		37,780		11,999		57,650		75,212		33,669
Net income attributable to Camping World Holdings, Inc. (1)		2,059		68,416		83,406		37,780		11,999		57,650		75,212		33,669
Earnings per share of Class A common stock (2):
Basic	$	0.11
Diluted	$	0.09

(1)

The Company has adjusted certain prior period amounts for the correction of an immaterial error. See reconciliation below and Note 1 — Summary of Significant Accounting Policies — Revisions to Prior Periods.

(2)

Basic and diluted earnings per Class A common stock is applicable only for periods after the Company’s IPO. See Note 21 — Earnings Per Share.

As a result of the immaterial error discussed in Note 1 — Summary of Significant Accounting Policies — Revisions to Prior Periods, revenue, costs applicable to revenue, selling, general and administrative expenses, and floor plan interest expense within the retail segment were each corrected as follows:


	Three Months Ended
	September 30,		June 30,		March 31,		December 31,		September 30,		June 30,		March 31,
($ in thousands)	2016		2016		2016		2015		2015		2015		2015
Revenue - new vehicles - as originally reported (1)	$	545,231	$	578,728	$	409,504	$	293,048	$	468,084	$	509,641	$	337,017
Revenue - new vehicles - adjustment (1)		(77)		(439)		(28)		(227)		(375)		(410)		(313)
Revenue - new vehicles - as corrected (1)		545,154		578,289		409,476		292,821		467,709		509,231		336,704

Revenue - used vehicles - as originally reported (1)		181,820		217,358		178,816		160,621		238,018		235,271		172,849
Revenue - used vehicles - adjustment (1)		(145)		(832)		(53)		(62)		(102)		(111)		(85)
Revenue - used vehicles - as corrected (1)		181,675		216,526		178,763		160,559		237,916		235,160		172,764

Revenue - parts, service and other - as originally reported (1)		166,076		173,353		125,530		122,993		157,214		160,381		113,246
Revenue - parts, service and other - adjustment (1)		(14,986)		(15,611)		(12,046)		(8,929)		(13,645)		(13,268)		(10,182)
Revenue - parts, service and other - as corrected (1)		151,090		157,742		113,484		114,064		143,569		147,113		103,064

Revenue - finance and insurance, net - as originally reported (1)		67,418		69,564		50,828		32,893		57,748		59,156		40,481
Revenue - finance and insurance, net - adjustment (1)		292		306		199		121		161		169		91
Revenue - finance and insurance, net - as corrected (1)		67,710		69,870		51,027		33,014		57,909		59,325		40,572

Total revenue - as originally reported (1)		1,005,987		1,084,431		809,676		656,408		961,966		1,007,066		707,821
Total revenue - adjustment (1)		(14,916)		(16,576)		(11,928)		(9,097)		(13,961)		(13,620)		(10,489)
Total revenue - as corrected (1)		991,071		1,067,855		797,748		647,311		948,005		993,446		697,332

Costs applicable to revenues - new vehicles - as originally reported (1)		474,944		499,385		351,588		252,284		405,448		438,065		291,561
Costs applicable to revenues - new vehicles - adjustment (1)		(3,804)		(4,226)		(740)		(473)		(3,164)		(3,365)		(1,200)
Costs applicable to revenues - new vehicles - as corrected (1)		471,140		495,159		350,848		251,811		402,284		434,700		290,361

Costs applicable to revenues - used vehicles - as originally reported (1)		140,516		174,325		146,909		130,120		192,119		190,241		139,755
Costs applicable to revenues - used vehicles - adjustment (1)		(1,879)		(3,391)		(1,821)		3		(1,594)		(2,010)		(1,698)
Costs applicable to revenues - used vehicles - as corrected (1)		138,637		170,934		145,088		130,123		190,525		188,231		138,057

Costs applicable to revenues - parts, service and other - as originally reported (1)		88,473		90,850		65,411		67,912		85,825		84,941		59,279
Costs applicable to revenues - parts, service and other - adjustment (1)		(7,368)		(7,809)		(5,776)		(4,042)		(7,023)		(6,807)		(5,096)
Costs applicable to revenues - parts, service and other - as corrected (1)		81,105		83,041		59,635		63,870		78,802		78,134		54,183

Selling, general and administrative expenses - as originally reported (1)		188,858		192,947		163,149		152,064		176,466		175,686		140,193
Selling, general and administrative expenses - adjustment (1)		(2,603)		(2,624)		(2,761)		(3,070)		(2,325)		(2,121)		(2,003)
Selling, general and administrative expenses - as corrected (1)		186,255		190,323		160,388		148,994		174,141		173,565		138,190

Income from operations - as originally reported (1)		87,003		101,877		56,871		26,718		76,423		92,861		49,687
Income from operations - adjustment (1)		738		1,474		(830)		(1,515)		145		683		(492)
Income from operations - as corrected (1)		87,741		103,351		56,041		25,203		76,568		93,544		49,195

Floor plan interest expense - as originally reported (1)		(4,322)		(5,387)		(5,142)		(3,033)		(3,013)		(3,436)		(2,945)
Floor plan interest expense - adjustment (1)		—		—		—		1,179		—		—		—
Floor plan interest expense - as corrected (1)		(4,322)		(5,387)		(5,142)		(1,854)		(3,013)		(3,436)		(2,945)

Net income and net income attributable to Camping World Holdings, Inc. - as originally reported (1)		67,678		81,932		38,610		12,335		57,505		74,529		34,161
Net income and net income attributable to Camping World Holdings, Inc. - adjustment (1)		738		1,474		(830)		(336)		145		683		(492)
Net income and net income attributable to Camping World Holdings, Inc. - as corrected (1)		68,416		83,406		37,780		11,999		57,650		75,212		33,669

(1)

The Company has adjusted certain prior period amounts for the correction of an immaterial error. See Note 1 — Summary of Significant Accounting Policies — Revisions to Prior Periods.

Additionally, as a result of these immaterial errors, inventories and members’ deficit on the consolidated balance sheets were each corrected as follows:


	As of
	September 30,		June 30,		March 31,		December 31,		September 30,		June 30,		March 31,
($ in thousands)	2016		2016		2016		2015		2015		2015		2015
Inventories - as originally reported (1)	$	808,089	$	915,153	$	1,009,555	$	868,939	$	779,636	$	826,926	$	835,736
Inventories - adjustment (1)		(5,710)		(6,448)		(7,922)		(7,092)		(5,577)		(5,722)		(6,405)
Inventories - as corrected (1)		802,379		908,705		1,001,633		861,847		774,059		821,204		829,331

Other assets - as originally reported (1)		17,870		16,568		16,172		15,394		16,571		16,644		15,546
Other assets - adjustment (1)		1,179		1,179		1,179		1,179		—		—		—
Other assets - as corrected (1)		19,049		17,747		17,351		16,573		16,571		16,644		15,546

Members' deficit - as originally reported (1)		(354,287)		(285,017)		(278,905)		(288,947)		(276,644)		(279,266)		(222,160)
Members' deficit - adjustment (1)		(4,531)		(5,269)		(6,743)		(5,913)		(5,577)		(5,722)		(6,405)
Members' deficit - as corrected (1)		(358,818)		(290,286)		(285,648)		(294,860)		(282,221)		(284,988)		(228,565)

(1)

The Company has adjusted certain prior period amounts for the correction of an immaterial error. See Note 1 — Summary of Significant Accounting Policies — Revisions to Prior Periods.