Revenue (Tables)

12 Months Ended

Dec. 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 December 31, 2018 and the periods during which the Company expects to recognize the amounts as revenue are presented as follows (in thousands):

	As of
	December 31, 2018
2018	$	86,876
2019		27,608
2020		13,376
2021		6,759
2022		3,405
Thereafter		6,637
Total	$	144,661

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
Accounts receivable, net	$	79,881	$	(1,489)	$	78,392
Inventories		1,415,915		(5,142)		1,410,773
Prepaid expenses and other assets		41,138		4,508		45,646
Deferred tax assets, net		152,683		(303)		152,380
Other assets		21,903		(4,051)		17,852
Liabilities
Accrued liabilities		101,929		(6,598)		95,331
Deferred revenues and gains, current		77,669		857		78,526
Deferred revenues and gains, non-current		64,061		(471)		63,590
Other long-term liabilities		51,589		(4,051)		47,538
Equity
Retained earnings		7,619		1,310		8,929
Non-controlling interests		21,252		2,476		23,728

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) adjustment of recognition period of RV service revenue from point-in-time to over time, iii) adjustment of capitalized direct-response advertising to expense when the advertising is mailed instead of over the expected benefit period, iv) reclassification of estimated product returns from inventory to prepaid expenses and other assets, v) reclassification of expected refunds previously included in deferred revenues and gains to accrued liabilities, and vi) 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 December 31, 2018 (in thousands):

	December 31, 2018
	As		Balances Without		Effect of Change
	Reported		Adoption of ASC 606		Higher/(Lower)
Assets
Accounts receivable, net	$	85,711	$	88,966	$	(3,255)
Inventories		1,558,970		1,567,409		(8,439)
Prepaid expenses and other assets		51,710		42,823		8,887
Deferred tax assets, net		145,943		146,246		(303)
Other assets		18,326		23,515		(5,189)
Liabilities
Accrued liabilities		124,619		131,671		(7,052)
Deferred revenues and gains, current		88,054		87,806		248
Deferred revenues and gains, non-current		67,157		68,312		(1,155)
Other long-term liabilities		79,958		85,147		(5,189)
Equity
Retained earnings		(3,370)		(5,051)		1,681
Non-controlling interests		(11,621)		(14,789)		3,168

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

	Year Ended December 31, 2018
			Balances Without		Effect of Change
	As Reported		Adoption of ASC 606		Higher/(Lower)
Revenue
Consumer services and plans	$	214,052	$	214,112	$	(60)
Dealership parts, services and other		279,438		279,493		(55)
Retail		669,945		669,896		49
Costs applicable to revenue
Consumer services and plans		86,687		87,268		(581)
Dealership parts, services and other		140,076		140,083		(7)
Retail		445,187		445,158		29
Operating and income tax expenses
Selling, general, and administrative		1,069,359		1,070,053		(694)
Income tax expense		30,790		30,666		124
Net income
Net income		65,581		64,518		1,063
Less: net income attributable to non-controlling interests		(55,183)		(54,491)		(692)
Net income attributable to Camping World Holdings, Inc.		10,398		10,027		371