Inventories and Floor Plan Payable (Tables)

9 Months Ended

Sep. 30, 2019

Inventory

Schedule of inventories

Inventories consisted of the following (in thousands):

	September 30,		December 31,
	2019		2018
Good Sam services and plans	$	—	$	459
New RVs		874,168		1,017,910
Used RVs		163,348		124,527
Products, parts, accessories and miscellaneous		342,698		416,074
	$	1,380,214	$	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 September 30, 2019 and December 31, 2018 (in thousands):

	September 30,		December 31,
	2019		2018
Floor Plan Facility
Notes payable - floor plan:
Total commitment	$	1,415,000	$	1,415,000
Less: borrowings, net		(693,889)		(885,980)
Less: flooring line aggregate interest reduction account		(156,751)		(97,757)
Additional borrowing capacity		564,360		431,263
Less: accounts payable for sold inventory		(55,804)		(33,928)
Less: purchase commitments		(33,962)		(22,530)
Unencumbered borrowing capacity	$	474,594	$	374,805
Revolving line of credit:	$	60,000	$	60,000
Less borrowings		(46,340)		(38,739)
Additional borrowing capacity	$	13,660	$	21,261
Letters of credit:
Total commitment	$	15,000	$	15,000
Less: outstanding letters of credit		(10,280)		(10,380)
Additional letters of credit capacity	$	4,720	$	4,620