Revenue (Tables)

3 Months Ended

Mar. 31, 2018

Summary of total unsatisfied performance obligation for these revenue streams, that the Company expects to recognize the amounts as revenue

The total unsatisfied performance obligation for these revenue streams at March 31, 2018 and the periods during which the Company expects to recognize the amounts as revenue are presented as follows (in thousands):

	As of
	March 31, 2018
2018	$	55,970
2019		34,477
2020		15,507
2021		7,168
2022		3,880
Thereafter		6,518
Total	$	123,520

ASU 2014-09

Summary of cumulative effect of the changes made to the consolidated January 1, 2018 balance sheet for the adoption of ASC 606 and impact of the adoption of ASC 606 on the consolidated balance sheet and statement of operations

The following table details the cumulative effect of the changes made to the consolidated January 1, 2018 balance sheet for the adoption of ASC 606 (in thousands):

	Balance at		Adjustments		Balance at
	December 31,		Due to		January 1,
	2017		ASU 2014-09		2018
Assets
Inventories, net	$	1,415,915	$	(2,634)	$	1,413,281
Prepaid expenses and other assets		32,721		7,062		39,783
Deferred tax assets, net		155,551		(443)		155,108
Liabilities
Accrued liabilities		101,929		1,021		102,950
Deferred revenues and gains, current		77,669		667		78,336
Deferred revenues and gains, non-current		64,061		(1,489)		62,572
Equity
Retained earnings		6,192		1,310		7,502
Non-controlling interests		34,332		2,476		36,808

The adjustments above related primarily to i) the deferral of sales commissions expenses relating to multiyear consumer services and plans and the recording of such expenses over the same period as the recognition of the related revenues, ii) reclassification of estimated product returns from inventory to prepaid expenses and other assets, iii) reclassification of expected refunds previously included in deferred revenues and gains to accrued liabilities, and iv) reclassification and adjustment of the point obligation for the Coast to Coast service from accrued liabilities to deferred revenues and gains.

The following table details the impact of the adoption of ASC 606 on the consolidated balance sheet as of March 31, 2018 (in thousands):

	March 31, 2018
	As		Balances Without		Effect of Change
	Reported		Adoption of ASC 606		Higher/(Lower)
Assets
Inventories, net	$	1,574,059	$	1,576,699	$	(2,640)
Prepaid expenses and other assets		34,668		27,322		7,346
Deferred tax assets, net		154,553		154,996		(443)
Liabilities
Accrued liabilities		134,437		133,311		1,126
Deferred revenues and gains, current		73,440		72,765		675
Deferred revenues and gains, non-current		65,530		67,090		(1,560)
Equity
Retained earnings		5,025		3,633		1,392
Non-controlling interests		32,468		29,838		2,630

The following table details the impact of the adoption of ASC 606 on the consolidated statement of operations for the three months ended March 31, 2018 (in thousands):

	Three Months Ended March 31, 2018
	As		Balances Without		Effect of Change
	Reported		Adoption of ASC 606		Higher/(Lower)
Revenue
Consumer services and plans	$	53,808	$	53,822	$	(14)
Costs applicable to revenue
Consumer services and plans		22,725		22,712		13
Operating and income tax expenses
Selling, general, and administrative		245,114		245,405		(291)
Income tax expense		7,219		7,191		28
Net income
Net income		17,276		17,040		236
Less: net income attributable to non-controlling interests		(14,095)		(13,941)		(154)
Net income attributable to Camping World Holdings, Inc.		3,181		3,099		82