XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Stockholders' Equity    
Total stockholders' equity   $ 50,833
Successor [Member]    
Current assets    
Cash $ 26,603  
Receivables, net of allowance for doubtful accounts of $687 and $1,013 at December 31, 2018 and 2017, respectively 16,967  
Inventories 167,378  
Income tax receivable 2,630  
Prepaid expenses and other 3,166  
Total current assets 216,744  
Property and equipment, net 78,043  
Goodwill 36,762  
Intangible assets, net 70,189  
Deferred tax asset  
Other assets 358  
Total assets 402,096  
Current liabilities    
Accounts payable, accrued expenses and other current liabilities 22,599  
Income tax payable  
Dividends payable 1,210  
Floor plan notes payable, net of debt discount 143,469  
Contingent liability, current portion  
Financing liability, current portion 714  
Long-term debt, current portion 4,408  
Total current liabilities 172,400  
Long term liabilities    
Financing liability, non-current portion, net of debt discount 60,533  
Long term debt, non-current portion, net of debt discount 19,013  
Deferred tax liability 18,717  
Total liabilities 270,663  
Commitments and Contingencies  
Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2018; liquidation preference of $61,210 as of December 31, 2018 54,983  
Stockholders' Equity    
Preferred stock value  
Common stock value  
Additional paid-in capital 80,606  
Treasury stock, 165 shares, at cost  
Retained earnings (Accumulated deficit) (4,156)  
Total stockholders' equity 76,450  
Total liabilities and stockholders' equity $ 402,096  
Predecessor [Member]    
Current assets    
Cash   13,292
Receivables, net of allowance for doubtful accounts of $687 and $1,013 at December 31, 2018 and 2017, respectively   19,911
Inventories   114,170
Income tax receivable  
Prepaid expenses and other   2,062
Total current assets   149,435
Property and equipment, net   45,669
Goodwill   25,216
Intangible assets, net   25,862
Deferred tax asset   144
Other assets   219
Total assets   246,545
Current liabilities    
Accounts payable, accrued expenses and other current liabilities   25,181
Income tax payable   1,536
Dividends payable  
Floor plan notes payable, net of debt discount   104,976
Contingent liability, current portion   667
Financing liability, current portion   595
Long-term debt, current portion   1,870
Total current liabilities   134,825
Long term liabilities    
Financing liability, non-current portion, net of debt discount   53,680
Long term debt, non-current portion, net of debt discount   7,207
Deferred tax liability  
Total liabilities   195,712
Commitments and Contingencies  
Series A Convertible Preferred Stock; 600,000 shares, designated, issued, and outstanding as of December 31, 2018; liquidation preference of $61,210 as of December 31, 2018  
Stockholders' Equity    
Preferred stock value  
Common stock value   3
Additional paid-in capital   49,756
Treasury stock, 165 shares, at cost   (11)
Retained earnings (Accumulated deficit)   1,085
Total stockholders' equity   50,833
Total liabilities and stockholders' equity   $ 246,545