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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

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


			June 30, 2025						December 31, 2024						June 30, 2024
($ in thousands)			Carrying Value			Level 3			Carrying Value			Level 3			Carrying Value			Level 3
Assets:
Derived participation investment ⁽¹⁾			$	6,001		$	6,001		$	156		$	156		$	1,771		$	1,771
Liabilities:
Acquisition-related contingent consideration ⁽²⁾				368			368			368			368			368			368

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

(2)

As of June 30, 2025, the $0.4 million of the acquisition-related contingent consideration was included in accrued liabilities in the accompanying condensed consolidated balance sheets. As of December 31, 2024 and June 30, 2024, the $0.2 million current 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 condensed consolidated balance sheets.

Schedule of fair value measurements of assets using significant unobservable inputs


			Six Months Ended June 30, 2025
($ in thousands)			Derived Participation Investment			Acquisition-related contingent consideration
Beginning balance			$	156		$	368
Purchases				5,992			—
Settlements				(458)			—
Gains included in earnings				311			—
Ending balance			$	6,001		$	368

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


		Fair Value		June 30, 2025						December 31, 2024						June 30, 2024
($ in thousands)		Measurement		Carrying Value			Fair Value			Carrying Value			Fair Value			Carrying Value			Fair Value
Term Loan Facility		Level 2		$	1,330,401		$	1,311,749		$	1,335,535		$	1,320,286		$	1,340,942		$	1,315,280
Floor Plan Facility Revolving Line of Credit		Level 2			—			—			—			—			31,885			32,729
Real Estate Facilities		Level 2			168,332			173,163			173,132			176,684			189,039			199,566
Other Long-Term Debt		Level 2			7,760			6,589			7,926			6,652			8,087			6,665

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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