Subsequent Events

3 Months Ended

Mar. 31, 2017

Subsequent Events

Subsequent Events

18. Subsequent Events

On April 28, 2017, the Company was chosen as the winning bidder at a bankruptcy auction for certain assets of Gander Mountain and its Overton’s boating business for $37.8 million, subject to adjustments for the level of Overton’s inventory which is anticipated to be approximately $15.6 million at closing. In addition to certain identified assets that will be acquired and certain specified liabilities to be assumed, the Company will have the ability to designate Gander Mountain real estate leases for assignment to the Company or third parties. On May 4, 2017, the transaction was approved by the United States Bankruptcy Court for the District of Minnesota and the transaction is expected to close in May 2017. The Company expects this entry into the marine and watersports industry to be complimentary to its RV-related businesses and offerings.