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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 14, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities          
Net income       $ 8,302 $ 7,783
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Stock based compensation       497 13
Bad debt expense       422 270
Depreciation and amortization of property and equipment       5,286 4,510
Amortization of intangible assets       744 746
Amortization of debt discount and paid-in-kind interest       371 240
Gain on sale of property and equipment       (98)
Deferred income taxes       (1,030) (1,449)
Changes in operating assets and liabilities:          
Receivables       (6,647) 1,580
Inventories       9,823 (9,505)
Prepaid expenses and other       1,179 (487)
Income tax receivable/payable       2,863 (11,736)
Other assets       176 (29)
Accounts payable, accrued expenses and other liabilities       2,168 455
Total Adjustments       15,754 (15,392)
Net Cash (Used In) Provided By Operating Activities       24,056 (7,609)
Cash Flows From Investing Activities          
Proceeds from sale of property and equipment       249
Purchases of property and equipment       (2,584) (6,476)
Net Cash Used In Investing Activities       (2,335) (6,476)
Cash Flows From Financing Activities          
Net borrowings under M&T floor plan       9,208 195
Net repayments under revolver line of credit       (3,000) (3,500)
Repayments under long term debt with Bank of America       (1,858) (1,886)
Repayments of financing liability       (465)
Payment of contingent liability - RV America acquisition       (1,333)
Loan issuance costs       (139) (260)
Dividend distribution       (15,000) (44,498)
Net Cash Provided by (Used In) Financing Activities       (12,587) (49,949)
Net Increase (Decrease) In Cash       9,134 (64,034)
Cash - Beginning   $ 13,292 $ 4,158 4,158 68,192
Cash - Ending       13,292 4,158
Supplemental Disclosures of Cash Flow Information:          
Cash paid during the year for interest       8,332 6,966
Cash paid during the year for income taxes net of refunds received       3,325 17,664
Non-Cash Investing and Financing Activities          
Rental vehicles transferred to inventory, net       74 1,164
Conversion of preferred stock into common stock       2
Successor [Member]          
Cash Flows From Operating Activities          
Net income $ 691        
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Stock based compensation 485        
Bad debt expense        
Depreciation and amortization of property and equipment 269        
Amortization of intangible assets 132        
Amortization of debt discount and paid-in-kind interest 393        
Gain on sale of property and equipment        
Deferred income taxes        
Changes in operating assets and liabilities:          
Receivables (8,466)        
Inventories 4,145        
Prepaid expenses and other 19        
Income tax receivable/payable 449        
Other assets 1        
Accounts payable, accrued expenses and other liabilities (2,365)        
Total Adjustments (4,938)        
Net Cash (Used In) Provided By Operating Activities (4,247)        
Cash Flows From Investing Activities          
Cash paid for purchase of Lazydays R.V. Center, Inc. (86,741)        
Cash acquired in the purchase of Lazy Days’ R.V. Center, Inc. 9,188        
Purchases of property and equipment (71)        
Net Cash Used In Investing Activities (77,624)        
Cash Flows From Financing Activities          
Net borrowings under M&T floor plan 100,830        
Repayment of Bank of America floor plan (96,740)        
Net (repayments)/borrowings under floor plan        
Repayments under long term debt with Bank of America (8,820)        
Borrowings under long term debt with M&T bank 20,000        
Net proceeds from the issuance of Series A preferred stock and warrants 57,650        
Net proceeds from the issuance of common stock and warrants 32,719        
Repayments of financing liability        
Repayments of notes payable to Andina related parties (761)        
Payment of contingent liability - RV America acquisition        
Loan issuance costs (615)        
Net Cash Provided by (Used In) Financing Activities 104,263        
Net Increase (Decrease) In Cash 22,392        
Cash - Beginning 10,671        
Cash - Ending 33,063        
Supplemental Disclosures of Cash Flow Information:          
Cash paid during the year for interest 372        
Cash paid during the year for income taxes net of refunds received        
Non-Cash Investing and Financing Activities          
Rental vehicles transferred to inventory, net        
Rental vehicles purchased under the floor plan        
Conversion of Andina redeemable common stock to common stock of Lazydays Holdings, Inc. 4,910        
Beneficial conversion feature on Series A Convertible Preferred Stock 3,392        
Warrants issued to Series A Preferred stockholders and investment bank 2,666        
Net assets acquired in the acquisition of Lazydays R.V. Center, Inc. excluding cash (See Note 3) 106,953        
Common stock issued to former stock holders of Lazy Days’ R.V. Center, Inc. $ 29,400        
Predecessor [Member]          
Cash Flows From Operating Activities          
Net income   2,336 3,975    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Stock based compensation   140 119    
Bad debt expense   47    
Depreciation and amortization of property and equipment   1,058 1,347    
Amortization of intangible assets   154 187    
Amortization of debt discount and paid-in-kind interest   136 129    
Gain on sale of property and equipment   (1)    
Deferred income taxes   630    
Changes in operating assets and liabilities:          
Receivables   5,143 (6,404)    
Inventories   1,435 16,493    
Prepaid expenses and other   44 332    
Income tax receivable/payable   (3,573) 2,549    
Other assets   18 (37)    
Accounts payable, accrued expenses and other liabilities   2,463 173    
Total Adjustments   7,647 14,935    
Net Cash (Used In) Provided By Operating Activities   9,983 18,910    
Cash Flows From Investing Activities          
Cash paid for purchase of Lazydays R.V. Center, Inc.      
Cash acquired in the purchase of Lazy Days’ R.V. Center, Inc.      
Purchases of property and equipment   (694) (710)    
Net Cash Used In Investing Activities   (694) (710)    
Cash Flows From Financing Activities          
Net borrowings under M&T floor plan      
Repayment of Bank of America floor plan      
Net (repayments)/borrowings under floor plan   (12,272) 11,657    
Repayments under long term debt with Bank of America   (310) (464)    
Borrowings under long term debt with M&T bank      
Net proceeds from the issuance of Series A preferred stock and warrants      
Net proceeds from the issuance of common stock and warrants      
Repayments of financing liability   (144) (113)    
Repayments of notes payable to Andina related parties      
Payment of contingent liability - RV America acquisition   (667)    
Loan issuance costs      
Net Cash Provided by (Used In) Financing Activities   (13,393) 11,080    
Net Increase (Decrease) In Cash   (4,104) 29,280    
Cash - Beginning   13,292 4,158 4,158  
Cash - Ending   9,188 33,438 $ 13,292 $ 4,158
Supplemental Disclosures of Cash Flow Information:          
Cash paid during the year for interest   2,182 1,971    
Cash paid during the year for income taxes net of refunds received   3,587    
Non-Cash Investing and Financing Activities          
Rental vehicles transferred to inventory, net   89    
Rental vehicles purchased under the floor plan   2,911    
Conversion of Andina redeemable common stock to common stock of Lazydays Holdings, Inc.      
Beneficial conversion feature on Series A Convertible Preferred Stock      
Warrants issued to Series A Preferred stockholders and investment bank      
Net assets acquired in the acquisition of Lazydays R.V. Center, Inc. excluding cash (See Note 3)      
Common stock issued to former stock holders of Lazy Days’ R.V. Center, Inc.