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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Measurements

Summary of the reported carrying values and the fair values by level of the Company's assets and liabilities measured at fair value on a recurring basis


			December 31, 2024						December 31, 2023
($ in thousands)			Carrying Value			Level 3			Carrying Value			Level 3
Assets:
Derived participation investment ⁽¹⁾			$	156		$	156		$	—		$	—
Liabilities:
Acquisition-related contingent consideration ⁽²⁾				368			368			—			—

(1)	Derived participation investment was included in other assets in the accompanying consolidated balance sheets.

(2)	The $0.2 million currently and $0.2 million non-current portions of acquisition-related contingent consideration were included in accrued liabilities and other long-term liabilities, respectively, in the accompanying balance sheets.

Schedule of fair value measurements of assets using significant unobservable inputs


			Year Ended December 31, 2024
($ in thousands)			Derived Participation Investment			Acquisition-related contingent consideration
Beginning balance			$	—		$	—
Business combinations				—			368
Purchases				5,269			—
Settlements				(5,779)			—
Gains included in earnings				666			—
Ending balance			$	156		$	368

Schedule of fair value measurements of liabilities using significant unobservable inputs


			Year Ended December 31, 2024
($ in thousands)			Derived Participation Investment			Acquisition-related contingent consideration
Beginning balance			$	—		$	—
Business combinations				—			368
Purchases				5,269			—
Settlements				(5,779)			—
Gains included in earnings				666			—
Ending balance			$	156		$	368

Summary of aggregate carrying value and fair value of the Company's debt instruments


		Fair Value		December 31, 2024						December 31, 2023
($ in thousands)		Measurement		Carrying Value			Fair Value			Carrying Value			Fair Value
Term Loan Facility		Level 2		$	1,335,535		$	1,320,286		$	1,346,229		$	1,328,892
Floor Plan Facility Revolving Line of Credit		Level 2			—			—			20,885			21,732
Real Estate Facilities⁽¹⁾		Level 2			173,132			176,684			183,892			195,029
Other Long-Term Debt		Level 2			7,926			6,652			8,246			6,702

(1)	The carrying value of Real Estate Facilities at December 31, 2023 includes the $17.3 million reported as liabilities related to assets held for sale in the consolidated balance sheet.

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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