Inventories, net and Notes Payable - Floor Plan, net (Tables)

12 Months Ended

Dec. 31, 2018

Inventories, net and Notes Payable - Floor Plan, net

Schedule of inventories

Inventories consisted of the following at December 31, (in thousands):

	December 31,		December 31,
	2018		2017
Consumer services and plans	$	459	$	387
Dealership:
New RVs		1,017,910		1,113,178
Used RVs		124,527		106,210
Dealership parts, accessories and miscellaneous		6,591		7,802
Retail		409,483		188,338
	$	1,558,970	$	1,415,915

Schedule of outstanding amounts and available borrowing

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

	December 31,		December 31,
	2018		2017
Floor Plan Facility:
Notes payable — floor plan:
Total commitment	$	1,415,000	$	1,415,000
Less: borrowings, net		(885,980)		(974,043)
Less: flooring line aggregate interest reduction account		(97,757)		(106,055)
Additional borrowing capacity		431,263		334,902
Less: accounts payable for sold inventory		(33,928)		(31,311)
Less: purchase commitments		(22,530)		(77,144)
Unencumbered borrowing capacity	$	374,805	$	226,447
Revolving line of credit	$	60,000	$	35,000
Less borrowings		(38,739)		—
Additional borrowing capacity	$	21,261	$	35,000
Letters of credit:
Total commitment	$	15,000	$	15,000
Less: outstanding letters of credit		(10,380)		(9,369)
Additional letters of credit capacity	$	4,620	$	5,631