XML 97 R40.htm IDEA: XBRL DOCUMENT

Segments Information (Tables)

9 Months Ended

Sep. 30, 2019

Segments Information

Reportable segment revenue


		Three Months Ended September 30, 2019												Three Months Ended September 30, 2018
		Good Sam			RV and									Good Sam			RV and
		Services			Outdoor			Intersegment						Services and			Outdoor			Intersegment
($ in thousands)		and Plans⁽¹⁾			Retail⁽¹⁾			Eliminations			Total			Plans⁽¹⁾⁽²⁾			Retail⁽¹⁾⁽²⁾			Eliminations			Total
Revenue:
Good Sam services and plans		$	42,461		$	—		$	(226)		$	42,235		$	41,493		$	—		$	(182)		$	41,311
New vehicles			—			682,131			(1,415)			680,716			—			698,710			(1,393)			697,317
Used vehicles			—			247,707			(556)			247,151			—			198,328			(571)			197,757
Products, service and other			—			296,906			(6,135)			290,771			—			264,057			(7,907)			256,150
Finance and insurance, net			—			117,158			(2,692)			114,466			—			109,236			(3,018)			106,218
Good Sam Club			—			12,633			—			12,633			—			10,733			—			10,733
Total consolidated revenue		$	42,461		$	1,356,535		$	(11,024)		$	1,387,972		$	41,493		$	1,281,064		$	(13,071)		$	1,309,486

		Nine Months Ended September 30, 2019												Nine Months Ended September 30, 2018
		Good Sam			RV and									Consumer			RV and
		Services			Outdoor			Intersegment						Services and			Outdoor			Intersegment
($ in thousands)		and Plans⁽¹⁾			Retail⁽¹⁾			Eliminations			Total			Plans⁽¹⁾⁽²⁾			Retail⁽¹⁾⁽²⁾			Eliminations			Total
Revenue:
Good Sam services and plans		$	135,750		$	—		$	(1,855)		$	133,895		$	130,383		$	—		$	(1,909)		$	128,474
New vehicles			—			1,993,576			(4,413)			1,989,163			—			2,088,650			(4,304)			2,084,346
Used vehicles			—			674,843			(1,935)			672,908			—			582,155			(1,661)			580,494
Products, service and other			—			778,575			(18,502)			760,073			—			691,459			(20,798)			670,661
Finance and insurance, net			—			342,936			(8,354)			334,582			—			324,443			(8,920)			315,523
Good Sam Club			—			36,467			—			36,467			—			30,126			—			30,126
Total consolidated revenue		$	135,750		$	3,826,397		$	(35,059)		$	3,927,088		$	130,383		$	3,716,833		$	(37,592)		$	3,809,624

(1)	Segment revenue includes intersegment revenue.

(2)	The Company has adjusted certain prior period amounts for the immaterial correction of errors. See Note 1 – Summary of Significant Accounting Policies – Revisions for Correction of Immaterial Errors.

Reportable segment income


		Three Months Ended						Nine Months Ended
		September 30,			September 30,			September 30,			September 30,
($ in thousands)		2019			2018			2019			2018
Segment income (loss):⁽¹⁾
Good Sam Services and Plans⁽²⁾		$	18,247		$	18,701		$	61,869		$	61,139
RV and Outdoor Retail⁽²⁾			(42,800)			68,932			32,512			193,296
Total segment income (loss)			(24,553)			87,633			94,381			254,435
Corporate & other			(2,655)			(1,607)			(9,742)			(4,570)
Depreciation and amortization			(14,104)			(13,179)			(41,644)			(34,207)
Other interest expense, net			(17,568)			(16,794)			(53,422)			(45,740)
Tax Receivable Agreement liability adjustment			—			—			8,477			—
Loss and expense on debt restructure			—			—			—			(2,056)
Other expense, net			—			2			—			—
(Loss) income before income taxes		$	(58,880)		$	56,055		$	(1,950)		$	167,862

(1)

Segment income is defined as income from operations before depreciation and amortization plus floor plan interest expense.

(2)

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

Reportable depreciation and amortization and other interest expense, net


	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
($ in thousands)	2019			2018			2019			2018
Depreciation and amortization:
Good Sam Services and Plans	$	810		$	952		$	2,498			2,457
RV and Outdoor Retail		13,294			12,032			39,146			31,555
Subtotal		14,104			12,984			41,644			34,012
Corporate & other		—			195			—			195
Total depreciation and amortization	$	14,104		$	13,179		$	41,644		$	34,207


	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
($ in thousands)	2019			2018			2019			2018
Other interest expense, net:
Good Sam Services and Plans	$	—		$	1		$	(1)		$	(1)
RV and Outdoor Retail		2,450			1,361			6,863			4,184
Subtotal		2,450			1,362			6,862			4,183
Corporate & other		15,118			15,432			46,560			41,557
Total interest expense	$	17,568		$	16,794		$	53,422		$	45,740

Reportable segment assets


		September 30,			December 31,
($ in thousands)		2019			2018
Assets:
Good Sam Services and Plans		$	99,803		$	174,623
RV and Outdoor Retail			3,166,381			2,438,908
Subtotal			3,266,184			2,613,531
Corporate & other			174,843			193,156
Total assets		$	3,441,027		$	2,806,687