Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Significant Accounting Policies

Schedule of store locations

	Co-habited		Stand-alone		Stand-alone		Stand-alone
	RV and Outdoor		RV Retail		Outdoor		Specialty
	Retail locations		locations		Retail locations		Retail locations		Total
Store locations as of September 30, 2018		120		15		70		22		227
Opened		11		5		—		2		18
Closed / divested		(3)		(5)		(11)		(17)		(36)
Converted		10		—		(10)		—		—
Store locations as of September 30, 2019		138		15		49		7		209

Schedule of restatements

	Three Months Ended September 30, 2018						Nine Months Ended September 30, 2018
($ in thousands except per share amounts)	As Reported		Adjustment		As Corrected		As Reported		Adjustment		As Corrected
Revenue - Finance and insurance, net		109,459		(3,241)		106,218		325,368		(9,845)		315,523
Total revenue		1,312,727		(3,241)		1,309,486		3,819,469		(9,845)		3,809,624
Costs applicable to revenue - Good Sam services and plans(1)		18,586		(57)		18,529		56,650		—		56,650
Costs applicable to revenue - Good Sam Club(1)		2,913		57		2,970		8,406		—		8,406
Income from operations		83,903		(3,241)		80,662		253,882		(9,844)		244,038
Other income (expense)		—		2		2		—		—		—
Income before income taxes		59,294		(3,239)		56,055		177,706		(9,844)		167,862
Income tax expense		(11,385)		1,485		(9,900)		(30,706)		(321)		(31,027)
Net income		47,909		(1,754)		46,155		147,000		(10,165)		136,835
Net income attributable to non-controlling interests		(33,893)		1,861		(32,032)		(101,772)		5,663		(96,109)
Net income attributable to Camping World Holdings, Inc.		14,016		107		14,123		45,228		(4,502)		40,726
Earnings per share of Class A common stock:
Basic	$	0.38	$	—	$	0.38	$	1.22	$	(0.12)	$	1.10
Diluted	$	0.38	$	—	$	0.38	$	1.20	$	(0.10)	$	1.10

(1) Amounts were combined and previously reported as costs applicable to revenue - consumer services and plans prior to reclassifications made for changes in segment reporting as disclosed in Note 18 – Segments Information.

The following table presents the effect of the error corrections on the condensed consolidated statement of cash flows for the period indicated:

	Nine Months Ended September 30, 2018
($ in thousands except per share amounts)	As Reported		Adjustment		As Corrected
Net income	$	147,000	$	(10,165)	$	136,835
Deferred income taxes		7,300		321		7,621
Receivables and contracts in transit		(56,321)		203		(56,118)
Inventories		(37,364)		(5,266)		(42,630)
Prepaid expenses and other assets		230		5,266		5,496
Accounts payable and other accrued expenses		122,483		1,959		124,442
Deferred revenue and gains		17,288		2,040		19,328
Other		4,383		8,657		13,040
Net cash provided by operating activities		251,058		3,015		254,073
Purchases of property and equipment		(105,408)		(3,014)		(108,422)
Net cash used in investing activities		(286,784)		(3,014)		(289,798)