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Segments Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Information  
Reportable segment revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 2020

​

Three Months Ended June 30, 2019

​

​

Good Sam

​

RV and

​

​

​

​

​

​

Good Sam

​

RV and

​

​

​

​

​

​

​

Services

​

Outdoor

​

Intersegment

​

​

​

​

Services and

​

Outdoor

​

Intersegment

​

​

​

($ in thousands)

 

and Plans

    

Retail

    

Eliminations

    

Total

    

Plans

    

Retail

    

Eliminations

    

Total

Revenue:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Good Sam services and plans

​

$

44,692

​

$

—

​

$

(173)

​

$

44,519

​

$

44,991

​

$

—

​

$

(297)

​

$

44,694

New vehicles

​

​

—

​

​

900,245

​

​

(2,070)

​

​

898,175

​

​

—

​

​

780,696

​

​

(1,826)

​

​

778,870

Used vehicles

​

​

—

​

​

275,699

​

​

(789)

​

​

274,910

​

​

—

​

​

246,531

​

​

(782)

​

​

245,749

Products, service and other

​

​

—

​

​

231,512

​

​

(340)

​

​

231,172

​

​

—

​

​

271,471

​

​

(7,045)

​

​

264,426

Finance and insurance, net

​

​

—

​

​

150,194

​

​

(2,876)

​

​

147,318

​

​

—

​

​

131,498

​

​

(3,273)

​

​

128,225

Good Sam Club

​

​

—

​

​

10,651

​

​

—

​

​

10,651

​

​

—

​

​

12,383

​

​

—

​

​

12,383

Total consolidated revenue

​

$

44,692

​

$

1,568,301

​

$

(6,248)

​

$

1,606,745

​

$

44,991

​

$

1,442,579

​

$

(13,223)

​

$

1,474,347

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2020

​

Six Months Ended June 30, 2019

​

​

Good Sam

​

RV and

​

​

​

​

​

​

Good Sam

​

RV and

​

​

​

​

​

​

​

Services

​

Outdoor

​

Intersegment

​

​

​

​

Services and

​

Outdoor

​

Intersegment

​

​

​

($ in thousands)

 

and Plans

    

Retail

    

Eliminations

    

Total

    

Plans

    

Retail

    

Eliminations

    

Total

Revenue:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Good Sam services and plans

​

$

93,384

​

$

—

​

$

(1,657)

​

$

91,727

​

$

93,289

​

$

—

​

$

(1,629)

​

$

91,660

New vehicles

​

​

—

​

​

1,398,641

​

​

(3,149)

​

​

1,395,492

​

​

—

​

​

1,311,445

​

​

(2,998)

​

​

1,308,447

Used vehicles

​

​

—

​

​

482,932

​

​

(1,357)

​

​

481,575

​

​

—

​

​

427,136

​

​

(1,379)

​

​

425,757

Products, service and other

​

​

—

​

​

404,524

​

​

(729)

​

​

403,795

​

​

—

​

​

481,669

​

​

(12,367)

​

​

469,302

Finance and insurance, net

​

​

—

​

​

244,642

​

​

(4,868)

​

​

239,774

​

​

—

​

​

225,778

​

​

(5,662)

​

​

220,116

Good Sam Club

​

​

—

​

​

21,655

​

​

—

​

​

21,655

​

​

—

​

​

23,834

​

​

—

​

​

23,834

Total consolidated revenue

​

$

93,384

​

$

2,552,394

​

$

(11,760)

​

$

2,634,018

​

$

93,289

​

$

2,469,862

​

$

(24,035)

​

$

2,539,116

Reportable segment income

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

June 30, 

​

June 30, 

​

June 30, 

​

June 30, 

($ in thousands)

2020

   

2019

   

2020

   

2019

Segment income:(1)

​

​

​

​

​

​

​

​

​

​

​

Good Sam Services and Plans

$

24,591

​

$

21,208

​

$

45,931

​

$

43,622

RV and Outdoor Retail

​

188,383

​

​

75,687

​

​

188,511

​

​

75,312

Total segment income

​

212,974

​

​

96,895

​

​

234,442

​

​

118,934

Corporate & other

​

(2,165)

​

​

(3,914)

​

​

(4,894)

​

​

(7,087)

Depreciation and amortization

​

(12,567)

​

​

(13,946)

​

​

(26,645)

​

​

(27,540)

Other interest expense, net

​

(14,547)

​

​

(18,211)

​

​

(29,205)

​

​

(35,854)

Tax Receivable Agreement liability adjustment

​

—

​

​

—

​

​

—

​

​

8,477

Segment income before income taxes

$

183,695

​

$

60,824

​

$

173,698

​

$

56,930

​

(1)Segment income is defined as income from operations before depreciation and amortization plus floor plan interest expense.
Reportable depreciation and amortization and other interest expense, net

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

June 30, 

​

June 30, 

​

June 30, 

​

June 30, 

($ in thousands)

 

2020

    

2019

    

2020

    

2019

Depreciation and amortization:

​

​

​

​

​

​

​

​

​

​

​

​

Good Sam Services and Plans

​

$

768

​

$

836

​

$

1,524

​

​

1,688

RV and Outdoor Retail

​

​

11,799

​

​

13,110

​

​

25,121

​

​

25,852

Total depreciation and amortization

​

$

12,567

​

$

13,946

​

$

26,645

​

$

27,540

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

June 30, 

​

June 30, 

​

June 30, 

​

June 30, 

($ in thousands)

    

2020

    

2019

    

2020

    

2019

Other interest expense, net:

​

​

​

​

​

​

​

​

​

​

​

​

Good Sam Services and Plans

​

$

—

​

$

(1)

​

$

—

​

$

(1)

RV and Outdoor Retail

​

​

2,082

​

​

2,265

​

​

3,974

​

​

4,413

Subtotal

​

​

2,082

​

​

2,264

​

​

3,974

​

​

4,412

Corporate & other

​

​

12,465

​

​

15,947

​

​

25,231

​

​

31,442

Total other interest expense, net

​

$

14,547

​

$

18,211

​

$

29,205

​

$

35,854

​

​

​

​

​

​

​

​

​

​

​

​

​

Reportable segment assets

​

​

​

​

​

​

​

​

​

​

June 30, 

​

December 31, 

($ in thousands)

    

2020

    

2019

Assets:

​

​

​

​

​

​

Good Sam Services and Plans

​

$

143,917

​

$

138,360

RV and Outdoor Retail

​

​

2,914,659

​

​

3,047,652

Subtotal

​

​

3,058,576

​

​

3,186,012

Corporate & other

​

​

205,975

​

​

190,228

Total assets  

​

$

3,264,551

​

$

3,376,240

​

​

​

​

​

​

​