XML 73 R53.htm IDEA: XBRL DOCUMENT v3.19.1
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information (Unaudited)  
Schedule of quarterly financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

December 31,

 

September 30,

 

June 30,

 

March 31,

 

December 31,

 

September 30,

 

June 30,

 

March 31,

($ in thousands)

    

2018

    

2018

    

2018

    

2018

    

2017

    

2017

    

2017

    

2017

Revenue (1)

 

$

982,393

 

$

1,309,486

 

$

1,441,477

 

$

1,058,661

 

$

887,986

 

$

1,233,933

 

$

1,277,337

 

$

880,574

Income from operations (1)

 

 

(43,023)

 

 

80,663

 

 

117,704

 

 

45,671

 

 

43,285

 

 

108,995

 

 

134,832

 

 

68,843

Net income (loss) (1)

 

 

(71,254)

 

 

46,155

 

 

77,132

 

 

13,548

 

 

(3,911)

 

 

82,323

 

 

103,606

 

 

48,674

Net income (loss) attributable to Camping World Holdings, Inc. (1)

 

 

(30,328)

 

 

14,123

 

 

24,782

 

 

1,821

 

 

(15,830)

 

 

19,246

 

 

19,064

 

 

7,373

Earnings (loss) per share of Class A common stock (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.82)

 

$

0.38

 

$

0.67

 

$

0.05

 

$

(0.45)

 

$

0.65

 

$

0.83

 

$

0.39

Diluted

 

$

(0.83)

 

$

0.38

 

$

0.67

 

$

0.05

 

$

(0.45)

 

$

0.65

 

$

0.83

 

$

0.37


(1)

The Company has adjusted certain prior period amounts for the correction of an error. See reconciliation below and Note 1 — Summary of Significant Accounting Policies — Revisions for Correction of Immaterial Errors.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

September 30,

 

June 30,

 

March 31,

 

December 31,

 

September 30,

 

June 30,

 

March 31,

($ in thousands)

    

2018

    

2018

    

2018

    

2017

    

2017

    

2017

    

2017

Revenue - Retail - as originally reported (1)

 

$

184,543

 

$

176,003

 

$

100,091

 

$

51,096

 

$

46,169

 

$

48,103

 

$

50,246

Revenue - Retail - adjustment (1)

 

 

 —

 

 

(112)

 

 

112

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Revenue - Retail- as corrected (1)

 

 

184,543

 

 

175,891

 

 

100,203

 

 

51,096

 

 

46,169

 

 

48,103

 

 

50,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue - Dealership service, parts and other - as originally reported (1)

 

 

71,607

 

 

74,200

 

 

64,217

 

 

61,312

 

 

66,847

 

 

65,554

 

 

53,185

Revenue - Dealership service, parts and other - adjustment (1)

 

 

 —

 

 

268

 

 

(268)

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Revenue - Dealership service, parts and other - as corrected (1)

 

 

71,607

 

 

74,468

 

 

63,949

 

 

61,312

 

 

66,847

 

 

65,554

 

 

53,185

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue - finance and insurance, net - as originally reported (1)

 

 

109,459

 

 

124,060

 

 

91,849

 

 

64,827

 

 

100,858

 

 

100,306

 

 

66,043

Revenue - Finance and insurance, net - adjustment (1)

 

 

(3,241)

 

 

(3,855)

 

 

(2,749)

 

 

(1,006)

 

 

(1,669)

 

 

(1,689)

 

 

(1,061)

Revenue - Finance and insurance, net - as corrected (1)

 

 

106,218

 

 

120,205

 

 

89,100

 

 

63,821

 

 

99,189

 

 

98,617

 

 

64,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenue - as originally reported (1)

 

 

1,312,727

 

 

1,445,176

 

 

1,061,566

 

 

888,992

 

 

1,235,602

 

 

1,279,026

 

 

881,635

Total Revenue - adjustment (1)

 

 

(3,241)

 

 

(3,699)

 

 

(2,905)

 

 

(1,006)

 

 

(1,669)

 

 

(1,689)

 

 

(1,061)

Total Revenue - as corrected (1)

 

 

1,309,486

 

 

1,441,477

 

 

1,058,661

 

 

887,986

 

 

1,233,933

 

 

1,277,337

 

 

880,574

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs applicable to revenue: Consumer services and plans - as originally reported (1)

 

 

21,499

 

 

20,832

 

 

22,725

 

 

20,030

 

 

20,085

 

 

20,560

 

 

21,147

Costs applicable to revenue: Consumer services and plans - adjustment (1)

 

 

 —

 

 

(64)

 

 

64

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Costs applicable to revenue: Consumer services and plans - as corrected (1)

 

 

21,499

 

 

20,768

 

 

22,789

 

 

20,030

 

 

20,085

 

 

20,560

 

 

21,147

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs applicable to revenue: Dealership service, parts and other - as originally reported (1)

 

 

36,503

 

 

36,102

 

 

31,766

 

 

32,614

 

 

34,923

 

 

33,920

 

 

27,394

Costs applicable to revenue: Dealership service, parts and other - adjustment (1)

 

 

 —

 

 

131

 

 

(131)

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Costs applicable to revenue: Dealership service, parts and other - as corrected (1)

 

 

36,503

 

 

36,233

 

 

31,635

 

 

32,614

 

 

34,923

 

 

33,920

 

 

27,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs applicable to revenue: Retail - as originally reported (1)

 

 

116,664

 

 

111,878

 

 

64,122

 

 

66,782

 

 

73,907

 

 

61,031

 

 

34,201

Costs applicable to revenue: Retail - adjustment (1)

 

 

 —

 

 

(45)

 

 

45

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Costs applicable to revenue: Retail - as corrected (1)

 

 

116,664

 

 

111,833

 

 

64,167

 

 

66,782

 

 

73,907

 

 

61,031

 

 

34,201

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total costs applicable to revenue - as originally reported (1)

 

 

936,472

 

 

1,029,012

 

 

756,790

 

 

622,377

 

 

880,387

 

 

906,446

 

 

629,706

Total costs applicable to revenue - adjustment (1)

 

 

 —

 

 

22

 

 

(22)

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Total costs applicable to revenue - as corrected (1)

 

 

936,472

 

 

1,029,034

 

 

756,768

 

 

622,377

 

 

880,387

 

 

906,446

 

 

629,706

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses - as originally reported (1)

 

 

278,329

 

 

284,295

 

 

245,114

 

 

213,052

 

 

236,174

 

 

228,444

 

 

175,490

Selling, general and administrative expenses - adjustment (1)

 

 

 —

 

 

(1,199)

 

 

1,199

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Selling, general and administrative expenses - as corrected (1)

 

 

278,329

 

 

283,096

 

 

246,313

 

 

213,052

 

 

236,174

 

 

228,444

 

 

175,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations - as originally reported (1)

 

 

83,904

 

 

120,226

 

 

49,753

 

 

44,291

 

 

110,664

 

 

136,521

 

 

69,904

Income from operations - adjustment (1)

 

 

(3,241)

 

 

(2,522)

 

 

(4,082)

 

 

(1,006)

 

 

(1,669)

 

 

(1,689)

 

 

(1,061)

Income from operations - as corrected (1)

 

 

80,663

 

 

117,704

 

 

45,671

 

 

43,285

 

 

108,995

 

 

134,832

 

 

68,843

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Receivable Agreement liability adjustment - as originally reported (1)

 

 

 —

 

 

 —

 

 

 —

 

 

99,766

 

 

(96)

 

 

 —

 

 

17

Tax Receivable Agreement liability adjustment - adjustment (1)

 

 

 —

 

 

 —

 

 

 —

 

 

1,071

 

 

 —

 

 

 —

 

 

 —

Tax Receivable Agreement liability adjustment - as corrected (1)

 

 

 —

 

 

 —

 

 

 —

 

 

100,837

 

 

(96)

 

 

 —

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net - as originally reported (1)

 

 

 1

 

 

(1)

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Other income (expense), net - adjustment (1)

 

 

(1)

 

 

 1

 

 

 —

 

 

 —

 

 

 1

 

 

(1)

 

 

 —

Other income (expense), net - as corrected (1)

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 1

 

 

(1)

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before taxes - as originally reported (1)

 

 

59,295

 

 

93,917

 

 

24,495

 

 

123,222

 

 

92,142

 

 

119,377

 

 

55,215

Income before taxes - adjustment (1)

 

 

(3,240)

 

 

(2,523)

 

 

(4,082)

 

 

65

 

 

(1,668)

 

 

(1,690)

 

 

(1,061)

Income before taxes - as corrected (1)

 

 

56,055

 

 

91,394

 

 

20,413

 

 

123,287

 

 

90,474

 

 

117,687

 

 

54,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit - as originally reported (1)

 

 

(11,385)

 

 

(12,102)

 

 

(7,219)

 

 

(128,716)

 

 

(8,390)

 

 

(14,284)

 

 

(5,592)

Income tax (expense) benefit - adjustment (1)

 

 

1,485

 

 

(2,160)

 

 

354

 

 

1,518

 

 

239

 

 

203

 

 

112

Income tax (expense) benefit - as corrected (1)

 

 

(9,900)

 

 

(14,262)

 

 

(6,865)

 

 

(127,198)

 

 

(8,151)

 

 

(14,081)

 

 

(5,480)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income - as originally reported (1)

 

 

47,910

 

 

81,815

 

 

17,276

 

 

(5,494)

 

 

83,752

 

 

105,093

 

 

49,623

Net income - adjustment (1)

 

 

(1,755)

 

 

(4,683)

 

 

(3,728)

 

 

1,583

 

 

(1,429)

 

 

(1,487)

 

 

(949)

Net income - as corrected (1)

 

 

46,155

 

 

77,132

 

 

13,548

 

 

(3,911)

 

 

82,323

 

 

103,606

 

 

48,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to non-controlling interests - as originally reported (1)

 

 

(33,893)

 

 

(53,784)

 

 

(14,095)

 

 

(12,599)

 

 

(64,163)

 

 

(85,749)

 

 

(42,101)

Income attributable to non-controlling interests - adjustment (1)

 

 

1,861

 

 

1,434

 

 

2,368

 

 

680

 

 

1,086

 

 

1,207

 

 

800

Income attributable to non-controlling interests - as corrected (1)

 

 

(32,032)

 

 

(52,350)

 

 

(11,727)

 

 

(11,919)

 

 

(63,077)

 

 

(84,542)

 

 

(41,301)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Camping World Holdings, Inc. - as originally reported (1)

 

 

14,017

 

 

28,031

 

 

3,181

 

 

(18,093)

 

 

19,589

 

 

19,344

 

 

7,522

Net income attributable to Camping World Holdings, Inc. - adjustment (1)

 

 

106

 

 

(3,249)

 

 

(1,360)

 

 

2,263

 

 

(343)

 

 

(280)

 

 

(149)

Net income attributable to Camping World Holdings, Inc. - as corrected (1)

 

 

14,123

 

 

24,782

 

 

1,821

 

 

(15,830)

 

 

19,246

 

 

19,064

 

 

7,373

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share of Class A common stock - basic - as originally reported (1)

 

$

0.38

 

$

0.76

 

$

0.09

 

$

(0.52)

 

$

0.66

 

$

0.84

 

$

0.40

Earnings per share of Class A common stock - basic - adjustment (1)

 

 

 -

 

 

(0.09)

 

 

(0.04)

 

 

0.07

 

 

(0.01)

 

 

(0.01)

 

 

(0.01)

Earnings per share of Class A common stock - basic - as corrected (1)

 

 

0.38

 

 

0.67

 

 

0.05

 

 

(0.45)

 

 

0.65

 

 

0.83

 

 

0.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share of Class A common stock - diluted - as originally reported (1)

 

$

0.38

 

$

0.72

 

$

0.08

 

$

(0.52)

 

$

0.66

 

$

0.84

 

$

0.38

Earnings per share of Class A common stock - diluted- adjustment (1)

 

 

 -

 

 

(0.05)

 

 

(0.03)

 

 

0.07

 

 

(0.01)

 

 

(0.01)

 

 

(0.01)

Earnings per share of Class A common stock - diluted - as corrected (1)

 

 

0.38

 

 

0.67

 

 

0.05

 

 

(0.45)

 

 

0.65

 

 

0.83

 

 

0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1)

The Company has adjusted certain prior period amounts for the correction of an error. See Note 1 — Summary of Significant Accounting Policies — Revisions for Correction of Immaterial Errors.