Inventories and Floor Plan Payable (Tables)

6 Months Ended

Jun. 30, 2019

Inventory

Schedule of inventories

Inventories consisted of the following (in thousands):

	June 30,		December 31,
	2019		2018
Good Sam services and plans	$	19	$	459
New RVs		1,000,977		1,017,910
Used RVs		121,744		124,527
Products, parts, accessories and miscellaneous		424,756		416,074
	$	1,547,496	$	1,558,970

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 June 30, 2019 and December 31, 2018 (in thousands):

	June 30,		December 31,
	2019		2018
Floor Plan Facility
Notes payable - floor plan:
Total commitment	$	1,415,000	$	1,415,000
Less: borrowings, net		(813,635)		(885,980)
Less: flooring line aggregate interest reduction account		(161,564)		(97,757)
Additional borrowing capacity		439,801		431,263
Less: accounts payable for sold inventory		(76,847)		(33,928)
Less: purchase commitments		(19,574)		(22,530)
Unencumbered borrowing capacity	$	343,380	$	374,805

	June 30,		December 31,
	2019		2018
Revolving line of credit:	$	60,000	$	60,000
Less borrowings		(52,768)		(38,739)
Additional borrowing capacity	$	7,232	$	21,261
Letters of credit:
Total commitment	$	15,000	$	15,000
Less: outstanding letters of credit		(10,330)		(10,380)
Additional letters of credit capacity	$	4,670	$	4,620