Inventories and Floor Plan Payable (Tables)

9 Months Ended

Sep. 30, 2018

Inventory

Schedule of inventories

Inventories consisted of the following (in thousands):

	September 30,		December 31,
	2018		2017
Consumer services and plans	$	—	$	387
Dealership:
New RV vehicles		912,581		1,113,178
Used RV vehicles		121,225		106,210
Dealership parts, accessories and miscellaneous		8,012		7,802
Retail		453,223		188,338
	$	1,495,041	$	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 September 30, 2018 and December 31, 2017 (in thousands):

	September 30,		December 31,
	2018		2017
Floor Plan Facility
Notes payable - floor plan:
Total commitment	$	1,415,000	$	1,415,000
Less: borrowings, net		(734,038)		(974,043)
Less: flooring line aggregate interest reduction account		(147,481)		(106,055)
Additional borrowing capacity		533,481		334,902
Less: accounts payable for sold inventory		(59,236)		(31,311)
Less: purchase commitments		(39,723)		(77,144)
Unencumbered borrowing capacity	$	434,522	$	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