Inventories and Floor Plan Payables (Tables)

12 Months Ended

Dec. 31, 2022

Inventory

Schedule of inventories

Inventories consisted of the following at December 31, 2022 and 2021 (in thousands):

	December 31,		December 31,
	2022		2021
Good Sam services and plans	$	625	$	—
New RVs		1,411,016		1,108,836
Used RVs		464,310		406,398
Products, parts, accessories and other		247,907		277,631
	$	2,123,858	$	1,792,865

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 December 31, 2022 and December 31, 2021 (in thousands):

	December 31,		December 31,
	2022		2021
Floor Plan Facility:
Notes payable — floor plan:
Total commitment	$	1,700,000	$	1,700,000
Less: borrowings, net		(1,319,941)		(1,011,345)
Less: flooring line aggregate interest reduction account		(217,669)		(92,108)
Additional borrowing capacity		162,390		596,547
Less: short-term payable for sold inventory(1)		(33,501)		(28,036)
Less: purchase commitments		(43,807)		(34,612)
Unencumbered borrowing capacity	$	85,082	$	533,899
Revolving line of credit	$	70,000	$	70,000
Less: borrowings		(20,885)		(20,885)
Additional borrowing capacity	$	49,115	$	49,115
Letters of credit:
Total commitment	$	30,000	$	30,000
Less: outstanding letters of credit		(11,371)		(11,500)
Additional letters of credit capacity	$	18,629	$	18,500

(1) The short-term payable represents the amount due for sold inventory. A payment for any floor plan units sold is due within three to ten business days of sale. Due to the short term nature of these payables, the Company reclassifies the amounts from notes payable‒floor plan, net to accounts payable in the Consolidated Balance Sheets. Changes in the vehicle floor plan payable are reported as cash flows from financing activities in the Consolidated Statements of Cash Flows.