Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies

Schedule of restatements

	As of December 31, 2016						As of December 31, 2015
($ in thousands)	As Reported		Adjustment		As Corrected		As Reported		Adjustment		As Corrected
Inventories	$	909,254	$	(6,543)	$	902,711	$	861,847	$	(5,520)	$	856,327
Total current assets		1,132,705		(6,543)		1,126,162		1,050,981		(5,520)		1,045,461
Deferred tax asset		125,878		(101,445)		24,433		6,234		—		6,234
Total assets		1,563,765		(107,988)		1,455,777		1,338,105		(5,520)		1,332,585
Deferred revenues and gains, current portion		68,643		2,485		71,128		63,616		2,005		65,621
Total current liabilities		865,937		2,485		868,422		863,098		2,005		865,103
Deferred revenues and gains, long-term portion		52,210		5,449		57,659		52,151		4,774		56,925
Total liabilities		1,591,980		7,934		1,599,914		1,632,965		6,779		1,639,744
Additional paid-in capital		74,239		(104,245)		(30,006)		—		—		—
Retained earnings		544		(473)		71		—		—		—
Total stockholders' equity attributable to Camping World Holdings, Inc./ members' deficit		74,978		(104,718)		(29,740)		(294,860)		(12,299)		(307,159)
Non-controlling interest		(103,193)		(11,204)		(114,397)		—		—		—
Stockholders'/ members' equity (deficit)		(28,215)		(115,922)		(144,137)		(294,860)		(12,299)		(307,159)
Total liabilities and stockholders' / members' equity (deficit)		1,563,765		(107,988)		1,455,777		1,338,105		(5,520)		1,332,585

The following table presents the effect of the Immaterial Adjustments on the Company’s consolidated statements of income for the periods indicated:

	Year Ended December 31, 2016						Year Ended December 31, 2015
($ in thousands except per share amounts)	As Reported		Adjustment		As Corrected		As Reported		Adjustment		As Corrected
Revenue:
New vehicles	$	1,866,182	$	(3,987)	$	1,862,195	$	1,606,465	$	(3,207)	$	1,603,258
Used vehicles		705,893		(2,567)		703,326		806,399		(2,520)		803,879
Finance and insurance, net		229,839		(1,155)		228,684		190,820		(1,550)		189,270
Retail segment revenues		3,341,933		(7,709)		3,334,224		3,111,494		(7,277)		3,104,217
Total revenue		3,526,706		(7,709)		3,518,997		3,286,094		(7,277)		3,278,817
Costs applicable to revenue- new vehicles		1,604,534		(7,671)		1,596,863		1,379,156		(3,993)		1,375,163
Costs applicable to revenue- used vehicles		555,113		2,140		557,253		646,936		953		647,889
Retail segment costs applicable to revenue		2,448,833		(5,531)		2,443,302		2,301,081		(3,040)		2,298,041
Total costs applicable to revenue		2,528,105		(5,531)		2,522,574		2,382,830		(3,040)		2,379,790
Income from operations		281,368		(2,178)		279,190		244,510		(4,237)		240,273
Income before income taxes		209,144		(2,178)		206,966		179,886		(4,237)		175,649
Net income		203,237		(2,178)		201,059		178,530		(4,237)		174,293
Net income attributable to non-controlling interests		(11,576)		1,634		(9,942)		—		—		—
Net income attributable to Camping World Holdings, Inc.		191,661		(544)		191,117		178,530		(4,237)		174,293
Earnings per share of Class A common stock:
Basic	$	0.11	$	(0.03)	$	0.08		n/a		n/a		n/a
Diluted	$	0.09	$	(0.02)	$	0.07		n/a		n/a		n/a

Schedule of Property and Equipment, estimated useful lives of the assets

	Years
Building and improvements	40
Leasehold improvements	3 - 40
Furniture, fixtures and equipment	3-12
Software	3-5