Inventories, Net and Floor Plan Payable (Tables)

3 Months Ended

Mar. 31, 2018

Inventory

Schedule of inventories

Inventories consisted of the following (in thousands):

	March 31,		December 31,
	2018		2017
New RV vehicles	$	1,132,962	$	1,113,178
Used RV vehicles		98,213		106,210
Parts, accessories and miscellaneous		342,884		196,527
	$	1,574,059	$	1,415,915

Floor Plan Facility

Inventory

Schedule of outstanding amounts and available borrowing

The following table details the outstanding amounts and available borrowings under the Floor Plan Facility as of March 31, 2018 and December 31, 2017 (in thousands):

	March 31,		December 31,
	2018		2017
Floor Plan Facility
Notes payable - floor plan:
Total commitment	$	1,415,000	$	1,415,000
Less: borrowings, net		(939,759)		(974,043)
Less: flooring line aggregate interest reduction account		(162,720)		(106,055)
Additional borrowing capacity		312,521		334,902
Less: accounts payable for sold inventory		(64,633)		(31,311)
Less: purchase commitments		(30,346)		(77,144)
Unencumbered borrowing capacity	$	217,542	$	226,447
Revolving line of credit:	$	35,000	$	35,000
Less borrowings		(24,403)		—
Additional borrowing capacity	$	10,597	$	35,000
Letters of credit:
Total commitment	$	15,000	$	15,000
Less: outstanding letters of credit		(9,369)		(9,369)
Additional letters of credit capacity	$	5,631	$	5,631