Restructuring and Long-Lived Asset Impairment (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of long-lived asset impairment charges by type of long-lived asset

The following table details long-lived asset impairment charges by type of long-lived asset and by restructuring activity, all of which relate to the RV and Outdoor Retail segment (in thousands):

	Year Ended December 31,
	2024		2023		2022
Long-lived asset impairment charges by type of long-lived asset:
Leasehold improvements	$	4,032	$	1,857	$	2,557
Operating lease right of use assets		7,242		1,107		1,613
Building and improvements		3,787		—		—
Furniture and equipment		—		329		61
Software		—		1,362		—
Construction in progress and software in development		—		113		—
Intangible assets		—		4,501		—
Total long-lived asset impairment charges	$	15,061	$	9,269	$	4,231
Long-lived asset impairment charges by restructuring activity:
2019 Strategic Shift		—		—		1,614
Active Sports Restructuring		—		6,648		—
Unrelated to restructuring activities		15,061		2,621		2,617
Total long-lived asset impairment charges	$	15,061	$	9,269	$	4,231

2019 Strategic Shift

Schedule of restructuring expenses incurred

The following table details the costs incurred associated with the 2019 Strategic Shift for the periods presented (in thousands):

	Year Ended December 31,
	2024		2023		2022
2019 Strategic Shift restructuring costs:
Lease termination costs(1)		(1,575)		—		1,316
Other associated costs(2)		3,368		3,965		7,026
Total 2019 Strategic Shift restructuring costs	$	1,793	$	3,965	$	8,342

(1) These costs were included in lease termination charges in the consolidated statements of operations. This reflects termination fees paid, net of any gain from derecognition of the related operating lease assets and liabilities.

(2) Other associated costs primarily represent lease and other operating expenses incurred during the post-close wind-down period for the locations related to the 2019 Strategic Shift. For the years ended December 31, 2024, 2023 and 2022, these costs were included in selling, general, and administrative expenses in the consolidated statements of operations.

Schedule of changes in the restructuring accrual

The following table details changes in the restructuring accrual associated with the 2019 Strategic Shift (in thousands):

	Lease		Other
	Termination		Associated
	Costs (1)		Costs (2)		Total
Balance at December 31, 2021	$	—	$	926	$	926
Charged to expense		6,097		7,026		13,123
Paid or otherwise settled		(6,097)		(7,083)		(13,180)
Balance at December 31, 2022		—		869		869
Charged to expense		—		3,965		3,965
Paid or otherwise settled		—		(3,676)		(3,676)
Balance at December 31, 2023		—		1,158		1,158
Charged to expense		1,860		3,368		5,228
Paid or otherwise settled		(1,860)		(4,526)		(6,386)
Balance at December 31, 2024	$	—	$	—	$	—

(1) Lease termination costs exclude the $7.6 million and $4.8 million of gains from the derecognition of the operating lease assets and liabilities relating to the terminated leases as part of the 2019 Strategic Shift for the thirty months ended December 31, 2021 and for the year ended December 31, 2022, respectively.

(2) Other associated costs primarily represent labor, lease and other operating expenses incurred during the post-close wind-down period for the locations related to the 2019 Strategic Shift.

Active Sports

Schedule of restructuring expenses incurred

The following table details the costs incurred associated with the Active Sports Restructuring (in thousands):

	Year Ended December 31,
	2024		2023		2022
Active Sports Restructuring costs:
One-time termination benefits(1)	$	—	$	193	$	—
Incremental inventory reserve charges(1)		—		4,344		—
Lease termination costs (2)		1,343		375		—
Other associated costs(3)		868		1,003		—
Total Active Sports Restructuring costs	$	2,211	$	5,915	$	—

(1) These costs were included in costs applicable to revenues – products, service and other in the consolidated statements of operations.

(2) These costs were included in lease termination charges in the consolidated statements of operations. This reflects termination fees paid or to be paid, net of any gain from derecognition of the related operating lease assets and liabilities. The Company paid $1.5 million lease termination fee for a lease terminated during the year ended December 31, 2024.

(3) Other associated costs primarily represent labor, lease and other operating expenses incurred during the post-close wind-down period for the Active Sports Restructuring for the periods presented and were included primarily in selling, general, and administrative expenses in the consolidated statements of operations.

Schedule of changes in the restructuring accrual

The following table details changes in the restructuring accrual associated with the Active Sports Restructuring (in thousands):

	One-time		Lease		Other
	Termination		Termination		Associated
	Benefits		Costs (1)		Costs (2)		Total
Balance at March 31, 2023	$	—	$	—	$	—	$	—
Charged to expense		193		—		1,003		1,196
Paid or otherwise settled		(193)		—		(1,003)		(1,196)
Balance at December 31, 2023		—		—		—		—
Charged to expense		—		1,492		868		2,360
Paid or otherwise settled		—		(1,492)		(868)		(2,360)
Balance at December 31, 2024	$	—	$	—	$	—	$	—

(1) Lease termination costs exclude the $0.1 million of gain from the derecognition of the operating lease assets and liabilities relating to the terminated leases as part of the Active Sports Restructuring for the year ended December 31, 2024.

(2) Other associated costs primarily represent labor, lease and other operating expenses incurred during the post-close wind-down period for the specialty retail location and distribution centers related to the Active Sports Restructuring.