Inventories, net and Notes Payable - Floor Plan, net (Tables)

3 Months Ended

Mar. 31, 2020

Inventory

Schedule of inventories

Inventories consisted of the following (in thousands):

	March 31,		December 31,
	2020		2019
Good Sam services and plans	$	38	$	590
New RVs		1,053,802		966,134
Used RVs		151,058		165,927
Products, parts, accessories and other		234,555		225,888
	$	1,439,453	$	1,358,539

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 March 31, 2020 and December 31, 2019 (in thousands):

	March 31,		December 31,
	2020		2019
Floor Plan Facility
Notes payable - floor plan:
Total commitment	$	1,379,750	$	1,379,750
Less: borrowings, net		(846,424)		(848,027)
Less: flooring line aggregate interest reduction account		(173,853)		(87,016)
Additional borrowing capacity		359,473		444,707
Less: accounts payable for sold inventory		(32,934)		(27,892)
Less: purchase commitments		(10,133)		(8,006)
Unencumbered borrowing capacity	$	316,406	$	408,809

	March 31,		December 31,
	2020		2019
Revolving line of credit:	$	57,000	$	60,000
Less borrowings		(40,885)		(40,885)
Additional borrowing capacity	$	16,115	$	19,115
Letters of credit:
Total commitment	$	15,000	$	15,000
Less: outstanding letters of credit		(11,175)		(11,175)
Additional letters of credit capacity	$	3,825	$	3,825