Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Significant Accounting Policies

Schedule of retail locations

	2018		2017		2016
Co-habited Dealership and Retail locations		126		116		104
Stand-alone Dealership locations		15		8		1
Stand-alone Retail locations		86		29		17
Total locations		227		153		122

Schedule of restatements

	As of December 31, 2017
($ in thousands)	As Reported		Adjustment		As Corrected
Prepaid expenses and other assets	$	32,721	$	8,417	$	41,138
Total current assets		1,798,907		8,417		1,807,324
Deferred tax assets, net		155,551		(2,868)		152,683
Total assets		2,561,477		5,549		2,567,026
Current portion of Tax Receivable Agreement liability		8,093		813		8,906
Other current liabilities		22,510		10,152		32,662
Total current liabilities		1,320,169		10,965		1,331,134
Tax Receivable Agreement liability, net of current portion		129,596		1,230		130,826
Other long-term liabilities		39,161		12,428		51,589
Total liabilities		2,470,640		24,623		2,495,263
Additional paid-in capital		49,941		(7,421)		42,520
Retained earnings		6,192		1,427		7,619
Total stockholders' equity attributable to Camping World Holdings, Inc.		56,505		(5,994)		50,511
Non-controlling interests		34,332		(13,080)		21,252
Stockholders' equity (deficit)		90,837		(19,074)		71,763
Total liabilities and stockholders' equity		2,561,477		5,549		2,567,026

	Year Ended December 31, 2017						Year Ended December 31, 2016
($ in thousands except per share amounts)	As Reported		Adjustment		As Corrected		As Reported		Adjustment		As Corrected
Revenue:
Finance and insurance, net	$	332,034	$	(5,425)	$	326,609	$	228,684	$	(2,690)	$	225,994
Total revenue		4,285,255		(5,425)		4,279,830		3,518,997		(2,690)		3,516,307
Income from operations		361,380		(5,425)		355,955		279,190		(2,690)		276,500
Tax Receivable Agreement liability adjustment		99,687		1,071		100,758		—		—		—
Income before income taxes		389,956		(4,354)		385,602		206,966		(2,690)		204,276
Income tax expense		(156,982)		2,072		(154,910)		(5,907)		107		(5,800)
Net income		232,974		(2,282)		230,692		201,059		(2,583)		198,476
Net income attributable to non-controlling interests		(204,612)		3,773		(200,839)		(9,942)		351		(9,591)
Net income attributable to Camping World Holdings, Inc.		28,362		1,491		29,853		191,117		(2,232)		188,885
Earnings per share of Class A common stock:
Basic	$	1.07	$	0.05	$	1.12	$	0.08	$	—	$	0.08
Diluted	$	1.07	$	0.05	$	1.12	$	0.07	$	—	$	0.07

	Year Ended December 31, 2017						Year Ended December 31, 2016
($ in thousands except per share amounts)	As Reported		Adjustment		As Corrected		As Reported		Adjustment		As Corrected
Net income	$	232,974	$	(2,282)	$	230,692	$	201,059	$	(2,583)	$	198,476
Adjustments to reconcile net income to net cash used in operating activities:
Deferred income taxes		124,622		6,344		130,966		3,765		(107)		3,658
Tax Receivable Agreement liability adjustment		(99,687)		(1,071)		(100,758)		—		—		—
Prepaid expenses and other assets		(11,827)		(8,417)		(20,244)		(4,625)		—		(4,625)
Accounts payable and other accrued expenses		53,646		(1,491)		52,155		12,310		1,605		13,915
Other, net		9,619		(304)		9,315		7,686		1,169		8,855
Net cash provided by (used in) operating activities		(9,094)		(7,221)		(16,315)		215,691		84		215,775
Cash flows from investing activities:
Purchases of property and equipment		(66,780)		7,221		(59,559)		(39,782)		(84)		(39,866)
Net cash used in investing activities		(475,676)		7,221		(468,455)		(115,703)		(84)		(115,787)

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