Camping World (CWH) 10-K 26 Feb 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Feb. 22, 2021	Jun. 30, 2020
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2020
Entity File Number	001-37908
Entity Registrant Name	CAMPING WORLD HOLDINGS, INC.
Entity Central Index Key	0001669779
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-1737145
Entity Address, Address Line One	250 Parkway Drive, Suite 270
Entity Address, City or Town	Lincolnshire
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60069
City Area Code	847
Local Phone Number	808-3000
Title of 12(b) Security	Class A Common Stock,
Trading Symbol	CWH
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
ICFR Auditor Attestation Flag	true
Entity Public Float			$ 885,097,196
Common Class A
Document and Entity Information
Entity Common Stock, Shares Outstanding		43,746,433
Common Class B
Document and Entity Information
Entity Common Stock, Shares Outstanding		44,680,397
Common Class C
Document and Entity Information
Entity Common Stock, Shares Outstanding		1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 166,072	$ 147,521
Contracts in transit	48,175	44,947
Accounts receivable, less allowance for doubtful accounts of $3,393 and $3,537 in 2020 and 2019, respectively	83,422	81,847
Inventories	1,136,345	1,358,539
Prepaid expenses and other assets	60,211	57,827
Total current assets	1,494,225	1,690,681
Property and equipment, net	367,898	314,374
Operating lease assets	769,487	807,537
Deferred tax assets, net	165,708	129,710
Intangible assets, net	30,122	29,707
Goodwill	413,123	386,941
Other assets	15,868	17,290
Total assets	3,256,431	3,376,240
Current liabilities:
Accounts payable	148,462	106,959
Accrued liabilities	137,688	130,316
Deferred revenues	88,213	87,093
Current portion of operating lease liabilities	62,405	58,613
Current portion of Tax Receivable Agreement liability	8,089	6,563
Current portion of long-term debt	14,414	14,085
Notes payable - floor plan, net	522,455	848,027
Other current liabilities	53,795	44,298
Total current liabilities	1,035,521	1,295,954
Operating lease liabilities, net of current portion	804,555	843,312
Tax Receivable Agreement liability, net of current portion	137,845	108,228
Revolving line of credit	20,885	40,885
Long-term debt, net of current portion	1,150,417	1,153,551
Deferred revenues and gains	61,519	58,079
Other long-term liabilities	54,920	35,467
Total liabilities	3,265,662	3,535,476
Commitments and contingencies
Stockholders' deficit:
Preferred stock, par value $0.01 per share - 20,000,000 shares authorized; none issued and outstanding as of December 31, 2020 and December 31, 2019
Additional paid-in capital	63,342	50,152
Treasury stock, at cost; 572,447 and 0 shares as of December 31, 2020 and December 31, 2019	(15,187)
Retained deficit	(21,814)	(83,134)
Total stockholders' equity (deficit) attributable to Camping World Holdings, Inc.	26,774	(32,602)
Non-controlling interests	(36,005)	(126,634)
Total stockholders' deficit	(9,231)	(159,236)
Total liabilities and stockholders' deficit	3,256,431	3,376,240
Common Class A
Stockholders' deficit:
Common stock	428	375
Total stockholders' deficit	428	375
Common Class B
Stockholders' deficit:
Common stock	5	5
Total stockholders' deficit	5	5
Common Class C
Stockholders' deficit:
Common stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Stockholders' equity (deficit)
Allowance for doubtful accounts	$ 3,393	$ 3,537
Allowance for doubtful accounts	$ 3,393	$ 3,537
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Treasury Stock, (In shares)	572,447	0
Common Class A
Stockholders' equity (deficit)
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	250,000,000	250,000,000
Common stock, issued	43,083,008	37,701,584
Common stock, outstanding	42,226,389	37,488,989
Common Class B
Stockholders' equity (deficit)
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	69,066,445	69,066,445
Common stock, outstanding	45,999,132	50,706,629
Common Class C
Stockholders' equity (deficit)
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	1	1
Common stock, issued	1	1
Common stock, outstanding	1	1

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue:
Total revenue	$ 5,446,591	$ 4,892,019	$ 4,792,017
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	3,744,112	3,604,621	3,429,085
Operating expenses:
Selling, general, and administrative	1,156,071	1,141,643	1,069,359
Debt restructure expense			380
Depreciation and amortization	51,981	59,932	49,322
Goodwill impairment			40,046
Long-lived asset impairment	12,353	66,270
Lease termination	4,547	(686)
Loss on disposal of assets	1,332	11,492	2,810
Total operating expenses	1,226,284	1,278,651	1,161,917
Income from operations	476,195	8,747	201,015
Other income (expense):
Floor plan interest expense	(19,689)	(40,108)	(38,315)
Other interest expense, net	(54,689)	(69,363)	(63,329)
Loss on debt restructure			(1,676)
Tax Receivable Agreement liability adjustment	141	10,005	(1,324)
Total other expense	(74,237)	(99,466)	(104,644)
Income (loss) before income taxes	401,958	(90,719)	96,371
Income tax expense	(57,743)	(29,582)	(30,790)
Net income (loss)	344,215	(120,301)	65,581
Less: net (income) loss attributable to non-controlling interests	(221,870)	59,710	(55,183)
Net income (loss) attributable to Camping World Holdings, Inc.	$ 122,345	$ (60,591)	$ 10,398
Earnings (loss) per share of Class A common stock:
Basic	$ 3.11	$ (1.62)	$ 0.28
Diluted	$ 3.09	$ (1.62)	$ 0.28
Weighted average shares of Class A common stock outstanding:
Basic	39,383	37,310	36,985
Diluted	40,009	37,350	88,878
Common Class A
Earnings (loss) per share of Class A common stock:
Basic	$ 3.11	$ (1.62)	$ 0.28
Diluted	$ 3.09	$ (1.62)	$ 0.28
Weighted average shares of Class A common stock outstanding:
Basic	39,383	37,310	36,985
Diluted	40,009	37,350	88,878
New vehicles
Revenue:
Total revenue	$ 2,823,311	$ 2,370,321	$ 2,512,854
Used vehicles
Revenue:
Total revenue	984,853	857,628	732,017
Products, service and other
Revenue:
Total revenue	948,890	1,034,577	949,383
Finance and insurance, net
Revenue:
Total revenue	464,261	401,302	383,711
Good Sam Club
Revenue:
Total revenue	44,299	48,653	41,392
Good Sam Club services and plans
Revenue:
Total revenue	180,977	179,538	172,660
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	72,938	78,054	76,041
RV and Outdoor Retail
Revenue:
Total revenue	5,265,614	4,712,481	4,619,357
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	3,671,174	3,526,567	3,353,044
RV and Outdoor Retail | New vehicles
Revenue:
Total revenue	2,823,311	2,370,321	2,512,854
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	2,320,537	2,074,270	2,188,735
RV and Outdoor Retail | Used vehicles
Revenue:
Total revenue	984,853	857,628	732,017
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	751,029	678,640	568,400
RV and Outdoor Retail | Products, service and other
Revenue:
Total revenue	948,890	1,034,577	949,383
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	590,716	762,919	585,263
RV and Outdoor Retail | Finance and insurance, net
Revenue:
Total revenue	464,261	401,302	383,711
RV and Outdoor Retail | Good Sam Club
Revenue:
Total revenue	44,299	48,653	41,392
Costs applicable to revenue (exclusive of depreciation and amortization shown separately below):
Total costs applicable to revenue	$ 8,892	$ 10,738	$ 10,646

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($) shares in Thousands, $ in Thousands	Additional Paid-in Capital	Treasury Stock	Retained DeficitCumulative Effect Adjustment	Retained Deficit	Non-controlling InterestCumulative Effect Adjustment	Non-controlling Interest	Cumulative Effect Adjustment	Common Class A	Common Class B	Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard	$ 42,520			$ 7,619		$ 21,252		$ 367	$ 5	$ 71,763
Balance at Dec. 31, 2017	42,520			7,619		21,252		$ 367	$ 5	71,763
Balance (in shares) at Dec. 31, 2017								36,749	50,837
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard | ASU 2014-09			$ 1,310		$ 2,476		$ 3,786
Adoption of accounting standard	47,531			(3,370)		(11,621)		$ 372	$ 5	32,917
Equity-based compensation	14,088									14,088
Exercise of stock options	149									149
Exercise of stock options (in shares)								7
Non-controlling interest adjustment for capital contribution of proceeds from the exercise of stock options	(86)					86
Vesting of restricted stock units	881					(884)		$ 3
Vesting of restricted stock units (in shares)								298
Repurchases of Class A common stock for withholding taxes on vested RSUs	(1,364)							$ (1)		(1,365)
Repurchases of Class A common stock for withholding taxes on vested RSUs (in shares)								(77)
Disgorgement of short-swing profits by Section 16 officer	557									557
Redemption of LLC common units for Class A common stock	4,536					(153)		$ 3		4,386
Redemption of LLC common units for Class A common stock (in shares)								215	(130)
Distributions to holders of LLC common units						(101,755)				(101,755)
Dividends				(22,697)						(22,697)
Establishment of liabilities under the Tax Receivable Agreement and related changes to deferred tax assets associated with that liability	(1,576)									(1,576)
Non-controlling interest adjustment	(12,174)					12,174
Net income (loss)				10,398		55,183				65,581
Balance (ASU 2014-09) at Dec. 31, 2018			1,310		2,476		3,786
Balance at Dec. 31, 2018	47,531			(3,370)		(11,621)		$ 372	$ 5	32,917
Balance (in shares) at Dec. 31, 2018								37,192	50,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard | ASU 2014-09			1,310		2,476		3,786
Adoption of accounting standard	47,531			(3,370)		(11,621)		$ 372	$ 5	32,917
Adoption of accounting standard | ASU 2014-09			1,310		2,476		3,786
Adoption of accounting standard | ASU 2016-02			3,705		6,332		10,037
Adoption of accounting standard	50,152			(83,134)		(126,634)		375	5	32,917
Equity-based compensation	13,145									$ 13,145
Exercise of stock options (in shares)										0
Vesting of restricted stock units	736					(740)		$ 4
Vesting of restricted stock units (in shares)								417
Repurchases of Class A common stock for withholding taxes on vested RSUs	(1,477)							$ (1)		$ (1,478)
Repurchases of Class A common stock for withholding taxes on vested RSUs (in shares)								(126)
Redemption of LLC common units for Class A common stock	(478)									(478)
Redemption of LLC common units for Class A common stock (in shares)								6
Distributions to holders of LLC common units						(70,192)				(70,192)
Dividends				(22,878)						(22,878)
Establishment of liabilities under the Tax Receivable Agreement and related changes to deferred tax assets associated with that liability	(8)									(8)
Non-controlling interest adjustment	(9,297)					9,297
Net income (loss)				(60,591)		(59,710)				(120,301)
Balance (ASU 2016-02) at Dec. 31, 2019			3,705		6,332		10,037
Balance at Dec. 31, 2019	50,152			(83,134)		(126,634)		$ 375	$ 5	(159,236)
Balance (in shares) at Dec. 31, 2019								37,489	50,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard | ASU 2016-02			3,705		6,332		10,037
Adoption of accounting standard	50,152			(83,134)		(126,634)		$ 375	$ 5	(159,236)
Adoption of accounting standard | ASU 2016-02			$ 3,705		$ 6,332		$ 10,037
Adoption of accounting standard	63,342	$ (15,187)		(21,814)		(36,005)		428	$ 5	(159,236)
Equity-based compensation	20,661									20,661
Exercise of stock options	4,022	$ 611						$ 2		4,635
Exercise of stock options (in shares)		23						191
Non-controlling interest adjustment for capital contribution of proceeds from the exercise of stock options	(2,602)					2,602
Vesting of restricted stock units	(6,398)	$ 8,556				(2,161)		$ 3
Vesting of restricted stock units (in shares)		323						338
Repurchases of Class A common stock for withholding taxes on vested RSUs	(1,910)	$ (2,832)								(4,742)
Repurchases of Class A common stock for withholding taxes on vested RSUs (in shares)		(107)						(71)
Repurchases of Class A common stock to treasury stock	11,616	$ (21,522)				(11,616)				(21,522)
Repurchases of Class A common stock to treasury stock		(811)
Redemption of LLC common units for Class A common stock	25,565					7,529		$ 48		33,142
Redemption of LLC common units for Class A common stock (in shares)								4,852	(4,708)
Distributions to holders of LLC common units						(136,974)				(136,974)
Dividends				(61,025)						(61,025)
Establishment of liabilities under the Tax Receivable Agreement and related changes to deferred tax assets associated with that liability	(28,385)									(28,385)
Non-controlling interest adjustment	(9,379)					9,379
Net income (loss)				122,345		221,870				344,215
Balance at Dec. 31, 2020	63,342	$ (15,187)		(21,814)		(36,005)		$ 428	$ 5	(9,231)
Balance (in shares) at Dec. 31, 2020		(572)						42,799	45,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard	$ 63,342	$ (15,187)		$ (21,814)		$ (36,005)		$ 428	$ 5	$ (9,231)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Deficit (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Common Class A
Dividends declared per share	$ 1.4	$ 0.61	$ 0.61

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating activities
Net income (loss)	$ 344,215	$ (120,301)	$ 65,581
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	51,981	59,932	49,322
Equity-based compensation	20,661	13,145	14,088
Loss on debt restructure			1,676
Loss (gain) on lease termination	4,547	(686)
Goodwill impairment			40,046
Long-lived asset impairment	12,353	66,270
Loss on disposal of assets	1,332	11,492	2,810
Provision for losses on accounts receivable	1,068	(20)	2,444
Non-cash lease expense	57,536	54,921
Accretion of original debt issuance discount	1,079	1,038	1,034
Non-cash interest	4,306	4,585	5,068
Deferred income taxes	6,606	14,897	11,364
Tax Receivable Agreement liability adjustment	(141)	(10,005)	1,324
Change in assets and liabilities, net of acquisitions:
Receivables and contracts in transit	(2,777)	12,217	(16,550)
Inventories	239,334	216,111	(99,610)
Prepaid expenses and other assets	(3,016)	(7,951)	(8,290)
Accounts payable and other accrued expenses	39,846	(15,350)	49,172
Payment pursuant to Tax Receivable Agreement	(6,563)	(9,425)	(8,914)
Accrued rent for cease-use locations			(488)
Deferred revenue	4,560	708	12,448
Operating lease liabilities	(68,951)	(54,403)
CARES Act deferral of payroll taxes	29,231
Other, net	10,462	14,759	13,767
Net cash provided by operating activities	747,669	251,934	136,292
Investing activities
Purchases of property and equipment	(31,845)	(56,789)	(133,557)
Purchase of real property	(53,078)	(31,567)	(120,802)
Proceeds from the sale of real property	7,484	28,169	56,932
Purchases of businesses, net of cash acquired	(47,571)	(48,418)	(99,240)
Purchase of equity securities	(2,500)
Proceeds from sale of property and equipment	1,751	4,068	3,978
Purchases of intangible assets	(176)
Net cash used in investing activities	(125,935)	(104,537)	(292,689)
Financing activities
Proceeds from long-term debt		11,663	329,775
Payments on long-term debt	(39,070)	(13,658)	(83,825)
Net payments on notes payable - floor plan, net	(324,485)	(43,989)	(85,446)
Borrowings on revolving line of credit		14,029	45,164
Payments on revolving line of credit	(20,000)	(11,883)	(6,425)
Payment of debt issuance costs		(47)	(3,345)
Dividends on Class A common stock	(61,025)	(22,878)	(22,697)
Proceeds from exercise of stock options	4,635		153
RSU shares withheld for tax	(4,742)	(1,478)	(1,365)
Repurchases of Class A common stock to treasury stock	(21,522)
Disgorgement of short-swing profits by Section 16 officer			557
Distributions to holders of LLC common units	(136,974)	(70,192)	(101,755)
Net cash (used in) provided by financing activities	(603,183)	(138,433)	70,791
Increase (decrease) in cash and cash equivalents	18,551	8,964	(85,606)
Cash and cash equivalents at beginning of the period	147,521	138,557	224,163
Cash and cash equivalents at end of the period	$ 166,072	$ 147,521	$ 138,557

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Camping World Holdings, Inc. (“CWH”) and its subsidiaries (collectively, the “Company”), and are presented in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions of the Company and its subsidiaries have been eliminated in consolidation. CWH was formed on March 8, 2016 as a Delaware corporation for the purpose of facilitating an initial public offering (the “IPO”) and other related transactions in order to carry on the business of CWGS Enterprises, LLC (“CWGS, LLC”). CWGS, LLC was formed in March 2011 when it received, through contribution from its then parent company, all of the membership interests of Affinity Group Holding, LLC and FreedomRoads Holding Company, LLC (“FreedomRoads”). The IPO and related reorganization transactions that occurred on October 6, 2016 resulted in CWH as the sole managing member of CWGS, LLC, with CWH having sole voting power in and control of the management of CWGS, LLC (see Note 18 — Stockholders’ Equity). Despite its position as sole managing member of CWGS, LLC, CWH has a minority economic interest in CWGS, LLC. As of December 31, 2020, 2019, and 2018, CWH owned 47.4%, 42.0% and 41.9%, respectively, of CWGS, LLC. Accordingly, the Company consolidates the financial results of CWGS, LLC and reports a non-controlling interest in its consolidated financial statements. The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its consolidated financial statements. COVID-19 A novel strain of coronavirus was declared a pandemic by the World Health Organization in March 2020. To date, COVID-19 has surfaced in nearly all regions of the world and resulted in travel restrictions and business slowdowns or shutdowns in affected areas. Many affected areas have begun the process of easing restrictions and reopening certain businesses often under new operating guidelines, although new waves of infection may lead to an increase in such restrictions or closures. In conjunction with the stay-at-home and shelter-in-place restrictions enacted in many areas, the Company saw significant sequential declines in its overall customer traffic levels and its overall revenues from the mid-March to mid-to-late April 2020 timeframe. In the latter part of April, the Company began to see a significant improvement in its online web traffic levels and number of electronic leads, and in early May, the Company began to see improvements in its overall revenue levels. As the stay-at-home restrictions began to ease across certain areas of the country, the Company experienced significant acceleration in its in-store and online traffic, lead generation, and revenue trends in May continuing throughout the remainder of 2020 and early indications appear to show favorable trends continuing into 2021. In order to offset the initially expected adverse impact of COVID-19 and better align expenses with reduced sales in the middle of March 2020 and early April 2020, the Company temporarily reduced salaries and hours throughout the business, including for its executive officers, and implemented headcount and other cost reductions. Most of these temporary salary reductions ended in May 2020 as the adverse impacts of the pandemic began to decline and the Company increased hours for certain employees and reinstated many positions from the initial headcount reductions as the demand for the Company’s products increased. The Company also negotiated lease payment deferrals with numerous landlords amounting to approximately $14.0 million from 2020 into 2021. As demand for all products accelerated and the Company’s cash position improved, the Company repaid these rent deferrals in full prior to June 30, 2020. The Company has also taken steps to add new private label lines, expand its relationships with smaller recreational vehicle (“RV”) manufacturers, and acquire used inventory from distressed sellers to help manage risks in its supply chain. Throughout the pandemic, the majority of the Company’s retail locations have continued to operate as essential businesses and the Company has continued to operate its e-commerce business. As a consequence of COVID-19, the Company had held fewer consumer shows and events during 2020 than in 2019. Since March 2020, the Company has implemented preparedness plans to keep its employees and customers safe, which include social distancing, providing employees with face coverings and/or other protective clothing as required, implementing additional cleaning and sanitization routines, and work-from-home directives for a significant portion of the Company’s workforce. Description of the Business Camping World Holdings, Inc., together with its subsidiaries, is America’s largest retailer of RVs and related products and services. As noted above, CWGS, LLC is a holding company and operates through its subsidiaries. The Company has the following two reportable segments: (i) Good Sam Services and Plans and (ii) RV and Outdoor Retail. Within the Good Sam Services and Plans segment, the Company primarily derives revenue from the sale of the following offerings: emergency roadside assistance plans; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing assistance; consumer shows and events; and consumer publications and directories. Within the RV and Outdoor Retail segment, the Company primarily derives revenue from the sale of new and used RVs; commissions on the finance and insurance contracts related to the sale of RVs; the sale of RV services and maintenance work; the sale of RV parts, accessories, and supplies; the sale of outdoor products, equipment, gear and supplies; business to business distribution of RV furniture, and the sale of Good Sam Club memberships and co-branded credit cards. The Company operates a national network of RV dealerships and service centers as well as a comprehensive e-commerce platform, primarily under the Camping World and Gander RV & Outdoors brands, and markets its products and services primarily to RV and outdoor enthusiasts. In 2019, the Company made a strategic decision to refocus its business around its core RV competencies, and on September 3, 2019, the board of directors approved a strategic plan to shift the business away from locations that did not have the ability or where it was not feasible to sell and/or service RVs (the “2019 Strategic Shift”) (see Note 5 – Restructuring and Long-lived Asset Impairment). This resulted in the sale, closure or divestiture of 34 non-RV retail stores and the liquidation of approximately $108 million of non-RV related inventory in 2019. The table below summarizes the Company’s retail store openings, closings, divestitures, conversions and number of locations from December 31, 2019 to December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RV RV Service & Other ​ ​ ​ Dealerships Retail Centers Retail Stores Total Number of store locations as of December 31, 2019 ​ 154 ​ 11 ​ 10 ​ 175 Opened ​ 9 ​ — ​ — ​ 9 Closed / divested ​ (3) ​ — ​ (8) ​ (11) Temporarily closed (1) ​ (2) ​ — ​ — ​ (2) Converted ​ 2 ​ (1) ​ (1) ​ — Number of store locations as of December 31, 2020 ​ 160 ​ 10 ​ 1 ​ 171 (1) These locations are temporarily closed in response to the COVID-19 pandemic. Use of Estimates The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from those estimates. In preparing these financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. The Company bases its estimates and judgments on historical experience and other assumptions that management believes are reasonable. However, application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties, including those uncertainties arising from COVID-19, and, as a result, actual results could differ materially from these estimates. The Company periodically evaluates estimates and assumptions used in the preparation of the financial statements and makes changes on a prospective basis when adjustments are necessary. Significant estimates made in the accompanying consolidated financial statements include certain assumptions related to accounts receivable, inventory, goodwill, intangible assets, long-lived assets, long-lived asset impairments, program cancellation reserves, chargebacks, and accruals related to estimated tax liabilities, product return reserves, and other liabilities. Cash and Cash Equivalents The Company considers all short-term, highly liquid investments purchased with an original maturity date of three months or less to be cash equivalents. The carrying amount approximates fair value because of the short-term maturity of these instruments. Outstanding checks that are in excess of the cash balances at certain banks are included in accrued liabilities in the consolidated balance sheets, and changes in the amounts are reflected in operating cash flows in the accompanying consolidated statement of cash flows. Contracts in Transit, Accounts Receivable and Current Expected Credit Losses Contracts in transit consist of amounts due from non-affiliated financing institutions on retail finance contracts from vehicle sales for the portion of the vehicle sales price financed by the Company’s customers. These retail installment sales contracts are typically funded within ten days of the initial approval of the retail installment sales contract by the third-party lender. Accounts receivable are stated at realizable value, net of an allowance for doubtful accounts, which includes a reserve for expected credit losses. Accounts receivable balances due in excess of one year was $8.2 million at December 31, 2020 and $8.6 million at December 31, 2019, which are included in other assets in the consolidated balance sheets. The allowance for doubtful accounts is based on management’s assessment of the collectability of its customer accounts. The Company regularly reviews the composition of the accounts receivable aging, historical bad debts, changes in payment patterns, customer creditworthiness, current economic trends, and reasonable and supportable forecasts about the future. Relevant risk characteristics include customer size and historical loss patterns. Management has evaluated the expected credit losses related to contracts in transit and determined that no allowance for doubtful accounts was required at December 31, 2020. No allowance for doubtful accounts related to contracts in transit was required at December 31, 2019. Management additionally has evaluated the expected credit losses related to accounts receivable and determined that allowances of approximately $3.4 million as of December 31, 2020 and $3.5 million as of December 31, 2019 for uncollectible accounts were required. The following table details the changes in the allowance for doubtful accounts (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ December 31, ​ 2020 2019 Allowance for doubtful accounts: ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 3,537 ​ $ 4,481 Charged to bad debt expense ​ ​ 1,068 ​ ​ (20) Deductions (1) ​ ​ (1,212) ​ ​ (924) Balance, end of period ​ $ 3,393 ​ $ 3,537 (1) These amounts primarily relate to the write off of uncollectable accounts after collection efforts have been exhausted. Concentration of Credit Risk The Company’s most significant industry concentration of credit risk is with financial institutions from which the Company has recorded receivables and contracts in transit. These financial institutions provide financing to the Company’s customers for the purchase of a vehicle in the normal course of business. These receivables are short-term in nature and are from various financial institutions located throughout the United States. The Company has cash deposited in various financial institutions that is in excess of the insurance limits provided by the Federal Deposit Insurance Corporation. The amount in excess of FDIC limits at December 31, 2020 and 2019 was approximately $188.1 million and $149.9 million, respectively. The Company is potentially subject to concentrations of credit risk in accounts receivable. Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers and their geographic dispersion. Inventories, net New and used RV inventories consist primarily of new and used recreational vehicles held for sale valued using the specific-identification method and valued at the lower of cost or net realizable value. Cost includes purchase costs, reconditioning costs, dealer-installed accessories, and freight. For vehicles accepted in trades, the cost is the fair value of such used vehicles at the time of the trade-in. Products, parts, accessories, and other inventories primarily consist of retail travel and leisure specialty merchandise and are stated at lower of cost or net realizable value. The cost of RV and Outdoor Retail inventories primarily consists of the direct cost of the merchandise including freight. A portion of the products, parts, accessories and other inventory includes capitalized labor relating to assembly. Property and Equipment, net Property and equipment is recorded at historical cost, net of accumulated depreciation and amortization, and, if applicable, impairment charges. Depreciation of property and equipment is provided using the straight-line method over the following estimated useful lives of the assets: ​ ​ ​ ​ ​ Years Building and improvements ​ 40 Leasehold improvements ​ 3 - 40 Furniture, fixtures and equipment ​ 3 - 12 Software ​ 3 - 5 ​ Leasehold improvements are amortized over the useful lives of the assets or the remaining term of the respective lease, whichever is shorter. Leases After the adoption of Accounting Standards Codification (“ASC”) 842, Leases (“ASC 842”) on January 1, 2019 the Company recognizes a right-of-use (“ROU”) asset and a lease liability on the balance sheet for operating leases (with the exception of short-term leases based on the practical expedient elected by the Company) at the commencement date, in addition to finance leases that were previously also required to be recognized on the balance sheet, and recognizes expenses on the income statement in a similar manner to the previous guidance in ASC 840, Leases (“ASC 840”) (see Note 10 — Lease Obligations). Goodwill and Other Intangible Assets Goodwill is reviewed at least annually for impairment, and more often when impairment indicators are present (see Note 7 – Goodwill and Intangible Assets). Finite-lived intangibles are recorded at cost, net of accumulated amortization and, if applicable, impairment charges. Long-Lived Assets Long lived assets are included in property and equipment, which also includes capitalized software costs to be held and used. For the Company’s major software systems, such as its accounting and membership systems, its capitalized costs may include some internal or external costs to configure, install and test the software during the application development stage. The Company does not capitalize preliminary project costs, nor does it capitalize training, data conversion costs, maintenance or post development stage costs. The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company’s long-lived asset groups exist predominantly at the individual location level and the associated impairment analysis involves the comparison of an asset group’s estimated future undiscounted cash flows over its remaining useful life to its respective carrying value, which primarily includes furniture, equipment, leasehold improvements, and operating lease assets. For long-lived asset groups identified with carrying values not recoverable by future undiscounted cash flows, impairment charges are recognized to the extent the sum of the discounted future cash flows from the use of the asset group is less than the carrying value. The impairment charge is allocated to the individual long-lived assets within an asset group; however, an individual long-lived asset is not impaired below its individual fair value, if readily determinable. The measurement of any impairment loss includes estimation of the fair value of the asset group’s respective operating lease assets, which includes estimates of market rental rates based on comparable lease transactions. Long-Term Debt The fair value of the Company’s long-term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered for debt of the same or similar remaining maturities. Revenue Recognition Revenues are recognized by the Company when control of the promised goods or services is transferred to its customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Sales and other taxes collected from the customer concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative stand-alone selling price. The Company generally determines stand-alone selling prices based on the prices charged to customers or using the adjusted market assessment approach. The Company presents disaggregated revenue on its consolidated statements of operations. Good Sam Services and Plans revenue consists of revenue from publications, consumer shows, and marketing fees from various consumer services and plans. Roadside Assistance (“RA”) revenues are deferred and recognized over the contractual life of the membership. RA claim expenses are recognized when incurred. Marketing fees for finance, insurance, extended service and other similar products are recognized as variable consideration, net of estimated cancellations, if applicable, when a product contract payment has been received or financing has been arranged. These marketing fees are recorded net as the Company acts as an agent in the transaction. The related estimate for cancellations on the marketing fees for multi-year finance and insurance products utilize actuarial analysis to estimate the exposure. Promotional expenses consist primarily of direct mail advertising expenses and renewal expenses and are expensed at the time related materials are mailed. Newsstand sales of publications and related expenses are recorded as variable consideration at the time of delivery, net of estimated returns. Subscription sales of publications are reflected in income over the lives of the subscriptions. The related selling expenses are expensed as incurred. Advertising revenues and related expenses are recorded at the time of delivery. Revenue and related expenses for consumer shows are recognized when the show occurs. RV vehicle revenue consists of sales of new and used recreational vehicles, sales of RV parts and services, and commissions on the related finance and insurance contracts. Revenue from the sale of recreational vehicles is recognized upon completion of the sale to the customer. Conditions to completing a sale include having an agreement with the customer, including pricing, whereby the sales price must be reasonably expected to be collected and having control transferred to the customer. Revenue from RV-related parts, service and other products sales is recognized over time as work is completed, and when parts or other products are delivered to the Company’s customers. For service and parts revenues recorded over time, the Company utilizes a method that considers total costs incurred to date and the applicable margin in relation to total expected efforts to complete our performance obligation in order to determine the appropriate amount of revenue to recognize over time. Finance and insurance revenue is recorded net, since the Company is acting as an agent in the transaction, and is recognized when a finance and insurance product contract payment has been received or financing has been arranged. The proceeds the Company receives for arranging financing contracts, selling extended service contracts, and selling other products, are subject to chargebacks if the customer terminates the respective contract earlier than a stated period. In the case of insurance and service contracts, the stated period typically extends from one to five years with the refundable commission balance declining over the contract term. These proceeds are recorded as variable consideration, net of estimated chargebacks. Chargebacks are estimated based on ultimate future cancellation rates by product type and year sold using a combination of actuarial methods and leveraging the Company’s historical experience from the past eight years , adjusted for new consumer trends. The chargeback liabilities included in the estimate of variable consideration totaled $58.9 million and $48.3 million as of December 31, 2020 and December 31, 2019, respectively. The remaining RV and Outdoor retail revenue consists of sales of products, service and other products, including RV accessories and supplies, RV furniture, camping, hunting, fishing, skiing, snowboarding, bicycling, skateboarding, marine and watersport equipment and supplies. Revenue from products, service and other is recognized over time as work is completed, and when parts or other products are delivered to the Company’s customers. For service and parts revenues recorded over time, the Company utilizes a method that considers total costs incurred to date and the applicable margin in relation to total expected efforts to complete our performance obligation in order to determine the appropriate amount of revenue to recognize over time. E-commerce sales are recognized when the product is shipped and recorded as variable consideration, net of anticipated merchandise returns which reduce revenue and cost of sales in the period that the related sales are recorded. Good Sam Club revenue consists of revenue from club membership fees and royalty fees from co-branded credit cards. Membership revenue is generated from annual, multiyear and lifetime memberships. The revenue and expenses associated with these memberships are deferred and amortized over the membership period. Unearned revenue and profit are subject to revisions as the membership progresses to completion. Revisions to membership period estimates would change the amount of income and expense amortized in future accounting periods. For lifetime memberships, an 18-year period is used, which is the actuarially determined estimated fulfillment period. Royalty revenue is earned under the terms of an arrangement with a third-party credit card provider based on a percentage of the Company’s co-branded credit card portfolio retail spending with such third-party credit card provider and for acquiring new cardholders. The Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period of time between payment and transfer of the promised goods or services will be one year or less. The Company expenses sales commissions when incurred in cases where the amortization period of those otherwise capitalized sales commissions would have been one year or less. The Company does not disclose the value of unsatisfied performance obligations for revenue streams for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed. The Company accounts for shipping and handling as activities to fulfill the promise to transfer the good to the customer and does not evaluate whether shipping and handling is a separate performance obligation. Parts and Service Internal Profit The Company’s parts and service departments recondition the majority of used vehicles acquired by the Company’s used vehicle departments and perform minor preparatory work on new vehicles acquired by the Company’s new vehicle departments. The parts and service departments charge the new and used vehicle departments as if they were third parties in order to account for total activity performed by that department. The revenue and costs applicable to revenue associated with the internal work performed by the Company’s parts and service departments are eliminated in consolidation. The Company maintains a reserve for internal work order profits on vehicles that remain in inventories. Advertising Expense Advertising expenses are expensed as incurred. Advertising expenses for the years ended December 31, 2020, 2019 and 2018 were $96.3 million, $117.8 million and $112.4 million, respectively. Vendor Allowances As a component of the Company’s consolidated procurement program, the Company frequently enters into contracts with vendors that provide for payments of rebates or other allowances. These vendor payments are reflected in the carrying value of the inventory when earned or as progress is made toward earning the rebate or allowance and as a component of cost of sales as the inventory is sold. Certain of these vendor contracts provide for rebates and other allowances that are contingent upon the Company meeting specified performance measures such as a cumulative level of purchases over a specified period of time. Such contingent rebates and other allowances are given accounting recognition at the point at which achievement of the specified performance measures are deemed to be probable and reasonably estimable. Shipping and Handling Fees and Costs The Company reports shipping and handling costs billed to customers as a component of revenues, and related costs are reported as a component of costs applicable to revenues. For the years ended December 31, 2020, 2019, and 2018, $8.2 million, $6.2 million, and $4.9 million of shipping and handling fees, respectively, were included in the RV and Outdoor Retail segment as revenue. Income Taxes The Company recognizes deferred tax assets and liabilities based on the asset and liability method, which requires an adjustment to the deferred tax asset or liability to reflect income tax rates currently in effect. When income tax rates increase or decrease, a corresponding adjustment to income tax expense is recorded by applying the rate change to the cumulative temporary differences. The Company recognizes the tax benefit from an uncertain tax position in accordance with accounting guidance on accounting for uncertainty in income taxes. The Company classifies interest and penalties relating to income taxes as income tax expense. See Note 11 — Income Taxes for additional information. Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). This standard requires the use of a forward-looking expected loss impairment model for trade and other receivables, held-to-maturity debt securities, loans and other instruments. This standard also requires impairments and recoveries for available-for-sale debt securities to be recorded through an allowance account and revises certain disclosure requirements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements, which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted ASU 2016-13 on January 1, 2020 and the adoption did not materially impact its condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”). This standard aligns the accounting for implementation costs incurred in a cloud computing arrangement that is a service arrangement (i.e., hosting arrangement) with the guidance on capitalizing costs in ASC 350-40, Internal-Use Software. The ASU permits either a prospective or retrospective transition approach. The standard will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted ASU 2018-15 on January 1, 2020 using the prospective transition approach and the adoption did not materially impact its condensed consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”). This standard, effective for reporting periods through December 31, 2022, provides accounting relief for contract modifications that replace an interest rate impacted by reference rate reform (e.g., London Interbank Offered Rate (“LIBOR”)) with a new alternative reference rate. The guidance is applicable to investment securities, receivables, loans, debt, leases, derivatives and hedge accounting elections and other contractual arrangements. The Company adopted ASU 2020-04 as of January 1, 2020 and the adoption did not materially impact its condensed consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). This standard reduces complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. This standard also simplifies accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The ASU permits either a retrospective basis or a modified retrospective transition approach. The Company does not expect that the adoption of the provisions of this ASU will have a material impact on its consolidated financial statements.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2020
Revenue
Revenue	2. Revenue Contract Assets As of December 31, 2020 and 2019, a contract asset of $8.1 million and $6.1 million, respectively, relating to RV service revenues was included in accounts receivable in the accompanying consolidated balance sheet. As of December 31, 2020 and 2019, the Company had capitalized costs to acquire a contract consisting of $7.1 million and $6.6 million, respectively, from the deferral of sales commissions expenses relating to multi-year consumer services and plans and the recording of such expenses over the same period as the recognition of the related revenues. Deferred Revenues The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance, net of estimated refunds that are presented separately as a component of accrued liabilities. For the year ended December 31, 2020, $87.1 million of revenues recognized were included in the deferred revenue balance at the beginning of the period. As of December 31, 2020, the Company has unsatisfied performance obligations primarily relating to multi-year plans for its roadside assistance, Good Sam Club memberships, Coast to Coast memberships, the annual campground guide, and magazine publication revenue streams. The total unsatisfied performance obligation for these revenue streams at December 31, 2020 and the periods during which the Company expects to recognize the amounts as revenue are presented as follows (in thousands): ​ ​ ​ ​ ​ ​ As of ​ December 31, 2020 2021 $ 88,213 2022 ​ ​ 29,472 2023 ​ ​ 15,797 2024 ​ ​ 7,707 2025 ​ ​ 4,083 Thereafter ​ ​ 4,460 Total ​ $ 149,732 ​ ​ ​ ​ ​ The Company’s payment terms vary by the type and location of its customer and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, the Company requires payment before the products or services are delivered to the customer.

Receivables

Receivables	12 Months Ended
	Dec. 31, 2020
Receivables
Receivables	3. Receivables Receivables consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ Good Sam Services and Plans ​ $ 11,837 ​ $ 20,195 ​ RV and Outdoor Retail ​ ​ ​ ​ ​ ​ ​ New and used vehicles ​ ​ 6,836 ​ ​ 2,295 ​ Parts, service and other ​ ​ 26,437 ​ ​ 23,199 ​ Trade accounts receivable ​ ​ 16,289 ​ ​ 15,715 ​ Due from manufacturers ​ ​ 17,778 ​ ​ 17,642 ​ Other ​ ​ 7,611 ​ ​ 5,782 ​ Corporate ​ ​ 27 ​ ​ 556 ​ ​ ​ ​ 86,815 ​ ​ 85,384 ​ Allowance for doubtful accounts ​ ​ (3,393) ​ ​ (3,537) ​ ​ ​ $ 83,422 ​ $ 81,847 ​ ​

Inventories, net and Notes Paya

Inventories, net and Notes Payable - Floor Plan, net	12 Months Ended
	Dec. 31, 2020
Inventories, net and Notes Payable - Floor Plan, net
Inventories, net and Notes Payable - Floor Plan, net	4. Inventories, net and Notes Payable — Floor Plan, net Inventories consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Good Sam services and plans ​ $ 109 ​ $ 590 New RVs ​ ​ 691,114 ​ ​ 966,134 Used RVs ​ ​ 178,336 ​ ​ 165,927 Products, parts, accessories and other ​ ​ 266,786 ​ ​ 225,888 ​ ​ $ 1,136,345 ​ $ 1,358,539 ​ New RV inventory included in the RV and Outdoor Retail segment is primarily financed by a floor plan credit agreement with a syndication of banks. The borrowings under the floor plan credit agreement are collateralized by substantially all of the assets of FreedomRoads, LLC (“FR”), a wholly-owned subsidiary of FreedomRoads, which operates the RV dealerships, and bear interest at one-month LIBOR plus 2.05% as of December 31, 2020 and at one-month LIBOR plus 2.15% for the years ended December 31, 2019 and December 31, 2018. LIBOR was 0.15%, 1.71% and 2.35% as of December 31, 2020, 2019, and 2018, respectively. The floor plan borrowings are tied to specific vehicles and principal is due upon the sale of the related vehicle or upon reaching certain aging criteria. As of December 31, 2020 and 2019, FR maintained floor plan financing through the Seventh Amended and Restated Credit Agreement (“Floor Plan Facility”). On October 8, 2019, FR entered into a Second Amendment to the Seventh Amended and Restated Credit Agreement (the “Second Amendment”). The applicable borrowing rate margin on LIBOR and base rate loans ranges from 2.05% to 2.50% and 0.55% and 1.00%, respectively, based on the consolidated current ratio at FR. The Floor Plan Facility at December 31, 2020 allowed FR to borrow (a) up to $1.38 billion under a floor plan facility, (b) up to $15.0 million under a letter of credit facility and (c) up to a maximum amount outstanding of $48.0 million under the revolving line of credit, which maximum amount outstanding further decreases by $3.0 million on the last day of each fiscal quarter. The maturity date of the Floor Plan Facility is March 15, 2023. On May 12, 2020, FR entered into a Third Amendment to the Seventh Amended and Restated Credit Agreement (“Third Amendment”) that provides FR with a one-time option to request a temporary four-month reduction (“Current Ratio Reduction Period”) of the minimum consolidated current ratio at any time during 2020 and the first seven days of 2021. FR did not exercise that option. During the Current Ratio Reduction Period, the applicable borrowing rate margin on LIBOR and base rate loans ranges from 2.05% to 3.00% and 0.55% and 1.50% , respectively, based on the consolidated current ratio at FR. Effective May 12, 2020 through July 31, 2020, FR was not allowed to draw further Revolving Credit Loans (as defined in the Floor Plan Facility). The Floor Plan Facility includes a flooring line aggregate interest reduction (“FLAIR”) offset account that allows the Company to transfer cash as an offset to the payable under the Floor Plan Facility. These transfers reduce the amount of liability outstanding under the floor plan notes payable that would otherwise accrue interest, while retaining the ability to transfer amounts from the FLAIR offset account into the Company’s operating cash accounts. As a result of using the FLAIR offset account, the Company experiences a reduction in floor plan interest expense in its consolidated statements of operations. As of December 31, 2020 and December 31, 2019, FR had $133.6 million and $87.0 million, respectively, in the FLAIR offset account. The Third Amendment raised the maximum FLAIR percentage of outstanding floor plan borrowings from 20% to 30% for the period of May 12, 2020 through August 31, 2020 before returning to 20%. Management has determined that the credit agreement governing the Floor Plan Facility includes subjective acceleration clauses, which could impact debt classification. Management has determined that no events have occurred at December 31, 2020 that would trigger a subjective acceleration clause. Additionally, the credit agreement governing the Floor Plan Facility contains certain financial covenants. FR was in compliance with all debt covenants at December 31, 2020 and December 31, 2019. On June 29, 2020, FR made a voluntary $20.0 million principal payment on the revolving line of credit. The following table details the outstanding amounts and available borrowings under the Floor Plan Facility as of December 31, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Floor Plan Facility: ​ ​ ​ ​ ​ ​ Notes payable — ​ ​ ​ ​ ​ ​ Total commitment ​ $ 1,379,750 ​ $ 1,379,750 Less: borrowings, net ​ ​ (522,455) ​ ​ (848,027) Less: flooring line aggregate interest reduction account ​ ​ (133,639) ​ ​ (87,016) Additional borrowing capacity ​ ​ 723,656 ​ ​ 444,707 Less: accounts payable for sold inventory ​ ​ (28,980) ​ ​ (27,892) Less: purchase commitments ​ ​ (39,121) ​ ​ (8,006) Unencumbered borrowing capacity ​ $ 655,555 ​ $ 408,809 ​ ​ ​ ​ ​ ​ ​ Revolving line of credit ​ $ 48,000 ​ $ 60,000 Less: borrowings ​ ​ (20,885) ​ ​ (40,885) Additional borrowing capacity ​ $ 27,115 ​ $ 19,115 ​ ​ ​ ​ ​ ​ ​ Letters of credit: ​ ​ ​ ​ ​ ​ Total commitment ​ $ 15,000 ​ $ 15,000 Less: outstanding letters of credit ​ ​ (11,732) ​ ​ (11,175) Additional letters of credit capacity ​ $ 3,268 ​ $ 3,825 ​ ​ ​ ​ ​ ​ ​ ​

Restructuring and Long-lived As

Restructuring and Long-lived Asset Impairment	12 Months Ended
	Dec. 31, 2020
Restructuring and Long-lived Asset Impairment
Restructuring and Long-lived Asset Impairment	5. Restructuring and Long-lived Asset Impairment Restructuring On September 3, 2019, the board of directors of CWH approved a plan to strategically shift its business away from locations where the Company does not have the ability or where it is not feasible to sell and/or service RVs at a sufficient capacity (the “Outdoor Lifestyle Locations”). Of the Outdoor Lifestyle Locations in the RV and Outdoor Retail segment operating at September 3, 2019, the Company has closed or divested 39 Outdoor Lifestyle Locations, three distribution centers, and 20 specialty retail locations through December 31, 2020. One of the aforementioned closed distribution centers was reopened during the three months ended June 2020 and repurposed for online order fulfillment. As of December 31, 2020, the Company has completed the store closures and divestitures relating to the 2019 Strategic Shift. As part of the 2019 Strategic Shift, the Company evaluated the impact on its supporting infrastructure and operations, which included rationalizing inventory levels and composition, closing certain distribution centers, and realigning other resources. The Company had a reduction of headcount and labor costs for those locations that were closed or divested and the Company incurred material charges associated with the activities contemplated under the 2019 Strategic Shift. The Company currently estimates the total restructuring costs associated with the 2019 Strategic Shift to be in the range of $89.6 million to $110.6 million. The breakdown of the estimated restructuring costs are as follows: ● one-time employee termination benefits relating to retail store or distribution center closures/divestitures of $1.2 million, all of which has been incurred through December 31, 2020; ● lease termination costs of $18.0 million to $32.0 million, of which $11.9 million has been incurred through December 31, 2020; ● incremental inventory reserve charges of $42.4 million, all of which has been incurred through December 31, 2020; and ● other associated costs of $28.0 million to $35.0 million, of which $21.2 million has been incurred through December 31, 2020. Through December 31, 2020, the Company has incurred $21.2 million of such other associated costs primarily representing labor, lease, and other operating expenses incurred during the post-close wind-down period for the locations related to the 2019 Strategic Shift. The additional amount of $6.8 million to $13.8 million represents similar costs that may be incurred in the year ending December 31, 2021 for locations that continue in a wind-down period, primarily comprised of lease costs accounted for under ASC 842, Leases, prior to lease termination. The Company intends to negotiate terminations of these leases where prudent and pursue sublease arrangements for the remaining leases. Lease costs may continue to be incurred after December 31, 2021 on these leases if the Company is unable to terminate the leases under acceptable terms or offset the lease costs through sublease arrangements. The foregoing lease termination cost estimate represents the expected cash payments to terminate certain leases, but does not include the gain or loss from derecognition of the related operating lease assets and liabilities, which is dependent on the particular leases that will be terminated. The following table details the costs incurred associated with the 2019 Strategic Shift (in thousands): ​ ​ ​ ​ ​ ​ ​ Year Ended ​ December 31, 2020 December 31, 2019 Restructuring costs: ​ ​ ​ ​ ​ One-time termination benefits (1) $ 231 ​ $ 1,008 Lease termination costs (2) ​ 4,432 ​ ​ 55 Incremental inventory reserve charges (3) ​ 543 ​ ​ 41,894 Other associated costs (4) ​ 16,835 ​ ​ 4,321 Total restructuring costs $ 22,041 ​ $ 47,278 (1) These costs incurred in 2020 were primarily included in costs applicable to revenues – products, service and other in the consolidated statements of operations. These costs incurred in 2019 were primarily included in selling, general and administrative expenses 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, net of any gain from derecognition of the related operating lease assets and liabilities. (3) These costs were included in costs applicable to revenue – products, service and other in the consolidated statements of operations. (4) 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. For the years ended December 31, 2020 and 2019, costs of approximately $0.4 million and $0.6 million, respectively, were included in costs applicable to revenue – products, service and other, and $16.4 million and $3.7 million, respectively, were included in selling, general, and administrative expenses in the consolidated statements of operations. The following table details changes in the restructuring accrual associated with the 2019 Strategic Shift (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-time Lease Other ​ ​ Termination Termination Associated ​ ​ Benefits Costs (1) Costs Total Balance at June 30, 2019 ​ $ — ​ $ — ​ $ — ​ $ — Charged to expense ​ ​ 1,008 ​ ​ 1,350 ​ ​ 4,321 ​ ​ 6,679 Paid or otherwise settled ​ ​ (286) ​ ​ (1,350) ​ ​ (4,036) ​ ​ (5,672) Balance at December 31, 2019 ​ ​ 722 ​ ​ — ​ ​ 285 ​ ​ 1,007 Charged to expense ​ ​ 231 ​ ​ 10,532 ​ ​ 16,835 ​ ​ 27,598 Paid or otherwise settled ​ ​ (953) ​ ​ (10,532) ​ ​ (16,346) ​ ​ (27,831) Balance at December 31, 2020 ​ $ — ​ $ — ​ $ 774 ​ $ 774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Lease termination costs excludes the $1.3 million and the $6.1 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 six months ended December 31, 2019 and for the year ended December 31, 2020, respectively. The Company evaluated the requirements of ASC No. 205-20, Presentation of Financial Statements – Discontinued Operations relative to the 2019 Strategic Shift and determined that discontinued operations treatment is not applicable. Accordingly, the results of operations of the locations impacted by the 2019 Strategic Shift are reported as part of continuing operations in the accompanying consolidated financial statements. Long-lived Asset Impairment During the year ended December 31, 2020, the Company had indicators of impairment of the long-lived assets for certain of its locations. For locations that failed the recoverability test based on an analysis of undiscounted cash flows, the Company estimated the fair value of the locations based on a discounted cash flow analysis. After performing the long-lived asset impairment test for these locations, the Company determined that certain locations within the RV and Outdoor Retail segment had long-lived assets that were impaired. The long-lived asset impairment charge, subject to limitations described below, was calculated as the amount that the carrying value of the locations exceeded the estimated fair value. The calculated long-lived asset impairment charge was allocated to each of the categories of long-lived assets at each location pro rata based on the long-lived assets’ carrying values, except that individual assets cannot be impaired below their individual fair values when that fair value can be determined without undue cost and effort. For most of these locations, the operating lease right-of-use assets and furniture and equipment were written down to their individual fair values and the remaining impairment charge was allocated to the remaining long-lived assets up to the fair value estimated on these assets based on liquidation value estimates. During the year ended December 31, 2020, the Company identified indicators of impairment at previously closed stores in certain markets. After performing the long-lived asset impairment test using updated assumptions for these locations, the Company determined that 19 locations within the RV and Outdoor Retail segment had long-lived assets that were impaired. The Company recorded the following long-lived asset impairment charges: $2.4 million related to leasehold improvements, $2.6 million related to furniture and equipment, $1.5 million related to buildings, and $5.9 million operating lease right-of-use assets. Of the $12.4 million long-lived asset impairment charge during the year ended December 31, 2020, $12.3 million related to the 2019 Strategic Shift discussed above. For the year ended December 31, 2019, the Company recorded the following long-lived asset impairment charges: $20.8 million related to leasehold improvements, $28.6 million related to furniture and equipment, and $16.9 million operating lease right-of-use assets. Of the $66.3 million long-lived asset impairment charge during the year ended December 31, 2019, $57.4 million was related to the 2019 Strategic Shift discussed above.

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2020
Property and Equipment, net
Property and Equipment, net	6. Property and Equipment, net Property and equipment consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ ​ 2020 ​ 2019 ​ Land ​ $ 47,780 ​ $ 36,069 ​ Buildings and improvements ​ ​ 99,739 ​ ​ 64,860 ​ Leasehold improvements (1) ​ ​ 210,396 ​ ​ 174,417 ​ Furniture and equipment ​ ​ 180,191 ​ ​ 181,539 ​ Software ​ ​ 73,256 ​ ​ 67,086 ​ Software systems development and construction in progress ​ ​ 11,560 ​ ​ 8,632 ​ ​ ​ ​ 622,922 ​ ​ 532,603 ​ Less: accumulated depreciation and amortization ​ ​ (255,024) ​ ​ (218,229) ​ Property and equipment, net ​ $ 367,898 ​ $ 314,374 ​ ​ (1) At December 31, 2020 inclusive of right-to-use assets ​ Depreciation expense for the years ended December 31, 2020, 2019, and 2018 was $47.4 million, $54.7 million and $44.8 million, respectively .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets Goodwill The following is a summary of changes in the Company’s goodwill by business line for the years ended December 31, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam ​ ​ ​ ​ ​ ​ ​ Services and ​ RV and ​ ​ ​ ​ Plans Outdoor Retail Consolidated Balance as of January 1, 2019 (excluding impairment charges) ​ $ 97,204 ​ $ 503,750 ​ $ 600,954 Accumulated impairment charges ​ ​ (46,884) ​ ​ (194,953) ​ ​ (241,837) Balance as of January 1, 2019 ​ ​ 50,320 ​ ​ 308,797 ​ ​ 359,117 Acquisitions (1) ​ ​ — ​ ​ 28,224 ​ ​ 28,224 Transfers of assets between reporting units ​ ​ (26,491) ​ ​ 26,491 ​ ​ — Divestitures (2) ​ ​ — ​ ​ (400) ​ ​ (400) Balance as of December 31, 2019 ​ ​ 23,829 ​ ​ 363,112 ​ ​ 386,941 Acquisitions (1)(3) ​ ​ — ​ ​ 26,182 ​ ​ 26,182 Balance as of December 31, 2020 ​ $ 23,829 ​ $ 389,294 ​ $ 413,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Represents measurement period adjustments relating to prior period acquisitions (see Note 15 — Acquisitions). (2) Goodwill was allocated to 13 specialty retail locations within the RV and Outdoor Retail segment based on relative fair value. These 13 specialty retail locations were divested in 2019. (3) Represents current period acquisitions (see Note 15 — Acquisitions). ​ The Company evaluates goodwill for impairment on an annual basis as of the beginning of the fourth quarter, or more frequently if events or changes in circumstances indicate that the Company’s goodwill or indefinite-lived intangible assets might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then it is required to perform a quantitative impairment test by calculating the fair value of the reporting unit and comparing the fair value with the carrying amount of the reporting unit. If the carrying amount of a reporting unit exceeds its fair value, then the Company records an impairment of goodwill equal to the amount that the carrying amount of a reporting unit exceeds its fair value. As of January 1, 2019, the Company transferred certain assets related to the Good Sam Club and co-branded credit card from GSS Enterprises, LLC (“GSS”) within the Good Sam Services and Plans segment to CWI, Inc. (“CWI”) within the RV and Outdoor Retail segment. This resulted in a transfer of $26.5 million of goodwill from the Good Sam Services and Plans segment to the RV and Outdoor Retail segment based on relative fair value as of January 1, 2019 of the portion of the reporting unit transferred. During the three months ended March 31, 2020, the Company determined that a triggering event for an interim goodwill impairment test of its RV and Outdoor Retail reporting unit had occurred as a result of the decline in the market price of the Company’s Class A common stock and the potential impact of COVID-19 on the Company’s business. As a result of the interim goodwill impairment test, the Company determined that the fair value of the RV and Outdoor Retail reporting unit was substantially above its respective carrying amount, therefore, no goodwill impairment was recorded. In the fourth quarter of 2020 and 2019, the Company performed its annual goodwill impairment test of the RV and Outdoor Retail, the Good Sam Show, and GSS Enterprise reporting units. The RV and Outdoor Retail reporting unit is comprised of the entire RV and Outdoor Retail segment. The Good Sam Show and GSS Enterprise reporting units are comprised of a portion of the Good Sam Services and Plans Segment. These annual goodwill impairment tests resulted in the determination that the estimated fair value of these reporting units exceeded their carrying value. Therefore, no impairment charge was recorded during the years ended December 31, 2020 and 2019. The Company estimated the fair value of these reporting units using a combination of the guideline public company method under the market approach and the discounted cash flow analysis method under the income approach. In the fourth quarter of 2018, the Company performed its annual goodwill impairment test, which resulted in the determination that the carrying value of the former Retail reporting unit, which was comprised of the entire Retail segment as previously reported, exceeded its estimated fair value by an amount that exceeded the reporting unit’s goodwill balance. The excess of the carrying value over the estimated fair value of this reporting unit was primarily due to a decline in segment income leading to lower expected future cash flows for this reporting unit. The Company recorded an impairment charge of $40.0 million in the fourth quarter of 2018 related to this reporting unit. The former Retail reporting unit goodwill was reduced to zero. Additionally in the fourth quarter of 2018, the Company performed its annual goodwill impairment test of the Dealership reporting unit, which was comprised of the entire former Dealership segment as previously reported and the Good Sam Show and GSS Enterprise reporting units, which was comprised a portion of the Good Sam Services and Plans segment as previously reported. The Company did not record any impairment of goodwill for the Dealership, Good Sam Show and GSS Enterprise reporting units during the year ended December 31, 2018. Intangible Assets Finite-lived intangible assets and related accumulated amortization consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Cost or ​ Accumulated ​ ​ ​ ​ Fair Value Amortization Net Good Sam Services and Plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Membership and customer lists ​ $ 9,140 ​ $ (8,568) ​ $ 572 RV and Outdoor Retail: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and domain names ​ ​ 3,476 ​ ​ (1,930) ​ ​ 1,546 Supplier lists ​ ​ 1,696 ​ ​ (85) ​ ​ 1,611 Trademarks and trade names ​ ​ 29,564 ​ ​ (6,681) ​ ​ 22,883 Websites ​ ​ 6,140 ​ ​ (2,630) ​ ​ 3,510 ​ ​ $ 50,016 ​ $ (19,894) ​ $ 30,122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Cost or ​ Accumulated ​ ​ ​ ​ Fair Value Amortization Net Good Sam Services and Plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Membership and customer lists ​ $ 9,140 ​ $ (7,972) ​ $ 1,168 RV and Outdoor Retail: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and domain names ​ ​ 2,065 ​ ​ (1,768) ​ ​ 297 Trademarks and trade names ​ ​ 28,955 ​ ​ (4,862) ​ ​ 24,093 Websites ​ ​ 5,990 ​ ​ (1,841) ​ ​ 4,149 ​ ​ $ 46,150 ​ $ (16,443) ​ $ 29,707 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020, the approximate weighted average useful lives of our Good Sam Services and Plans finite-lived intangible assets for membership and customer lists are 5.4 years. The approximate weighted average useful lives of our RV and Outdoor Retail finite-lived intangible assets are as follows: customer lists and domain names – 5.3 years, suppliers lists – 5.0 years, trademarks and trade names – 15.0 years, and websites – 8.3 years. The weighted-average useful life of all our finite-lived intangible assets is approximately 12.8 years. Amortization expense of finite-lived intangibles for the years ended December 31, 2020, 2019, and 2018 was $4.6 million, $5.2 million and $4.5 million, respectively. The aggregate future five-year amortization of finite-lived intangibles at December 31, 2020, was as follows (in thousands): ​ ​ ​ ​ ​ ​ 2021 $ 3,686 ​ 2022 ​ ​ 3,491 ​ 2023 ​ ​ 3,184 ​ 2024 ​ ​ 3,143 ​ 2025 ​ ​ 2,908 ​ Thereafter ​ ​ 13,710 ​ ​ ​ $ 30,122 ​ ​

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2020
Long-Term Debt
Long-Term Debt	9. Long-Term Debt The following reflects outstanding long-term debt as of December 31 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Term Loan Facility (1) ​ $ 1,130,356 ​ $ 1,148,115 Finance Lease Liabilities (2) ​ ​ 29,982 ​ ​ — Real Estate Facility (3) ​ ​ 4,493 ​ ​ 19,521 Subtotal ​ ​ 1,164,831 ​ ​ 1,167,636 Less: current portion ​ ​ (14,414) ​ ​ (14,085) Total ​ $ 1,150,417 ​ $ 1,153,551 ​ ​ ​ ​ ​ ​ ​ (1) Net of $3.2 million and $4.3 million of original issue discount at December 31, 2020 and 2019, respectively, and $7.9 million and $ 10.7 million of finance costs at December 31, 2020 and 2019, respectively. (2) Consists of three real estate parcels with long-term leases and IT equipment contracts, which contain lease components that extend through the majority of the useful life of the asset. Certain IT equipment contracts also contain purchase options at the end of the term, which are likely to be exercised (see Note 10 – Lease Obligations). (3) Net of $0.2 million of finance costs at December 31, 2019. Finance costs at December 31, 2020 were not significant. The aggregate future maturities of long-term debt at December 31, 2020, were as follows (in thousands): ​ ​ ​ ​ ​ Long-term debt instruments ​ ​ 2021 $ 12,174 ​ 2022 ​ ​ 12,176 ​ 2023 ​ ​ 1,121,697 ​ Subtotal ​ ​ 1,146,047 ​ Finance Leases (1) ​ ​ 29,982 ​ Total ​ $ 1,176,029 ​ ​ ​ ​ ​ ​ (1) Current portion of finance leases was $2.2 million at December 31, 2020. See Note 10 - Lease Obligation. ​ ​ Senior Secured Credit Facilities As of December 31, 2020 and 2019, CWGS Group, LLC (the “Borrower”), a wholly-owned subsidiary of CWGS, LLC, was party to a credit agreement (as amended from time to time, the “Credit Agreement”) for a senior secured credit facility (the “Senior Secured Credit Facilities”). The Senior Secured Credit Facilities consist of a $1.19 billion term loan facility (the “Term Loan Facility”) and a $35.0 million revolving credit facility (the “Revolving Credit Facility”). The funds available under the Revolving Credit Facility may be utilized for borrowings or letters of credit; however, a maximum of $15.0 million may be allocated to such letters of credit. The Revolving Credit Facility matures on November 8, 2021, and the Term Loan Facility matures on November 8, 2023. The Term Loan Facility requires mandatory principal payments in equal quarterly installments of $3.0 million. Additionally, the Company is required to prepay the term loan borrowings in an aggregate amount up to 50% of excess cash flow, as defined in the Credit Agreement, for such fiscal year depending on the Total Leverage Ratio. On June 30, 2020, the Borrower made a $9.6 million voluntary principal payment on the Term Loan Facility. As of December 31, 2020, the Company is not required to make an additional excess cash flow payment. As of December 31, 2020, the average interest rate on the Term Loan Facility was 3.50%. The following table details the outstanding amounts and available borrowings under the Senior Secured Credit Facilities as of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Senior Secured Credit Facilities: ​ ​ ​ ​ ​ ​ Term Loan Facility: ​ ​ ​ ​ ​ ​ Principal amount of borrowings ​ $ 1,195,000 ​ $ 1,195,000 Less: cumulative principal payments ​ ​ (53,459) ​ ​ (31,898) Less: unamortized original issue discount ​ ​ (3,241) ​ ​ (4,320) Less: finance costs ​ ​ (7,944) ​ ​ (10,667) ​ ​ ​ 1,130,356 ​ ​ 1,148,115 Less: current portion ​ ​ (11,891) ​ ​ (11,991) Long-term debt, net of current portion ​ $ 1,118,465 ​ $ 1,136,124 Revolving Credit Facility: ​ ​ ​ ​ ​ ​ Total commitment ​ $ 35,000 ​ $ 35,000 Less: outstanding letters of credit ​ ​ (5,930) ​ ​ (4,112) Less: availability reduction due to Total Leverage Ratio ​ ​ — ​ ​ (21,622) Additional borrowing capacity ​ $ 29,070 ​ $ 9,266 ​ ​ ​ ​ ​ ​ ​ ​ The Senior Secured Credit Facilities are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by each of the Company’s existing and future domestic restricted subsidiaries with the exception of FreedomRoads Intermediate Holdco, LLC, the direct parent of FR, and FR and its subsidiaries. The Credit Agreement contains certain restrictive covenants pertaining to, but not limited to, mergers, changes in the nature of the business, acquisitions, additional indebtedness, sales of assets, investments, and the prepayment of dividends subject to certain limitations and minimum operating covenants. Additionally, management has determined that the Senior Secured Credit Facilities include subjective acceleration clauses, which could impact debt classification. Management has determined that no events have occurred at December 31, 2020, that would trigger a subjective acceleration clause. The Credit Agreement requires the Borrower and its subsidiaries to comply on a quarterly basis with a maximum Total Leverage Ratio (as defined in the Credit Agreement), which covenant is in effect only if, as of the end of each calendar quarter, the aggregate amount of borrowings under the revolving credit facility (including swingline loans), letters of credit and unreimbursed letter of credit disbursements outstanding at such time (minus the lesser of (a) $5.0 million and (b) letters of credit outstanding) is greater than 30% of the aggregate amount of the Revolving Lenders’ Revolving Commitments (minus the lesser of (a) $5.0 million and (b) letters of credit outstanding), as defined in the Credit Agreement. As of December 31, 2020, the Company was not subject to this covenant as borrowings under the Revolving Credit Facility did not exceed the 30% threshold. The Company was in compliance with all applicable debt covenants at December 31, 2020 and 2019. Real Estate Facility As of December 31, 2020 and December 31, 2019, Camping World Property, Inc. (the ‘‘Real Estate Borrower’’), an indirect wholly-owned subsidiary of CWGS, LLC, and CIBC Bank USA (“Lender”), were party to a loan and security agreement for a real estate credit facility with an aggregate maximum principal capacity of $21.5 million (“Real Estate Facility”). Borrowings under the Real Estate Facility are guaranteed by CWGS Group, LLC, a wholly-owned subsidiary of CWGS, LLC. The Real Estate Facility may be used to finance the acquisition of real estate assets. The Real Estate Facility is secured by first priority security interest on the real estate assets acquired with the proceeds of the Real Estate Facility (“Real Estate Facility Properties”). The Real Estate Facility matures on October 31, 2023. As of December 31, 2020, a principal balance of $4.5 million was outstanding under the Real Estate Facility, and the interest rate was 3.00% with a commitment fee of 0.50% of the aggregate unused principal amount of the Real Estate Facility. As of December 31, 2020 and December 31, 2019, the Company had no available capacity under the Real Estate Facility. In August 2020, the Company entered into an agreement to lease an owned property for a former distribution center in Greenville, North Carolina to a third party. By entering into this lease, the Company was required to pay down $10.3 million of the Real Estate Facility, which was paid in August 2020. Additionally, in September 2020, the Company sold an owned property relating to the other former distribution center in Greenville, North Carolina to a third party. By selling this property, the Company was required to pay down $3.4 million of the Real Estate Facility in September 2020. Management has determined that the credit agreement governing the Real Estate Facility includes subjective acceleration clauses, which could impact debt classification. Management has determined that no events have occurred at December 31, 2020 that would trigger a subjective acceleration clause. Additionally, the Real Estate Facility is subject to certain cross default provisions, a debt service coverage ratio, and other customary covenants. The Company was in compliance with all debt covenants at December 31, 2020 and 2019. Finance Lease Liabilities The Company’s finance lease liabilities consist of three real estate parcels with long-term leases and IT equipment contracts, which contain lease components that extend through the majority of the useful life of the asset. Certain IT equipment contracts also contain purchase options at the end of the term, which are likely to be exercised (see Note 10 — Lease Obligations).

Lease Obligations

Lease Obligations	12 Months Ended
	Dec. 31, 2020
Lease Obligations
Leases Obligations	10. Lease Obligations The Company leases property and equipment throughout the United States primarily under finance and operating leases. For leases with initial lease terms at commencement that are greater than 12 months, the Company records the related asset and obligation at the present value of lease payments over the term. Many of the Company’s leases include rental escalation clauses, renewal options and/or termination options that are factored into the determination of lease payments when appropriate. The Company aggregates non- lease components with the related lease components when evaluating the accounting treatment for property, equipment, and billboard leases. Many of the Company’s lease agreements include fixed rental payments. Certain of its lease agreements include fixed rental payments that are adjusted periodically for changes in the Consumer Price Index (“CPI”). Payments based on a change in an index or a rate, rather than a specified index or rate, are not considered in the determination of lease payments for purposes of measuring the related lease liability. While lease liabilities are not remeasured as a result of changes to the CPI, changes to the CPI are typically treated as variable lease payments and recognized in the period in which the obligation for those payments are incurred. Common area maintenance, property tax, and insurance associated with triple net leases, as well as payments based on revenue generated at certain leased locations, are included in variable lease costs, but are not included in the measurement of the lease liability. Most of the Company’s real estate leases include one or more options to renew, with renewal terms that can extend the lease term from one to five years or more. The exercise of lease renewal options is at the Company’s sole discretion. If it is reasonably certain that the Company will exercise such options, the periods covered by such options are included in the lease term and are recognized as part of the operating lease assets and operating lease liabilities. The depreciable life of assets and leasehold improvements are limited to the shorter of the lease term or useful life if there is a transfer of title or purchase option reasonably certain of exercise. The Company cannot readily determine the rate implicit in its leases. Therefore, the Company must estimate its incremental borrowing rate to discount the lease payments based on information available at lease commencement. The Company estimates its incremental borrowing rate using a yield curve based on the credit rating of its collateralized debt and maturities that are commensurate with the lease term at the applicable commencement or remeasurement date. The Company leases most of the properties for its retail locations through 254 operating leases. The Company also leases billboards and certain of its equipment primarily through operating leases. The related operating lease assets for these operating leases are included in operating lease assets. The Company has three properties classified as finance leases. The following presents components of lease assets and lease liabilities, and the associated financial statement line items ($ in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, Lease Assets and Liabilities ​ Financial Statement Line Items ​ 2020 ​ 2019 Operating lease assets ​ Operating lease assets ​ $ 769,487 ​ $ 807,537 Finance lease assets ​ Property and equipment, net ​ ​ 29,756 ​ ​ — Total lease assets, net ​ ​ ​ $ 799,243 ​ $ 807,537 ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease liabilities - current ​ Current portion of operating lease liabilities ​ $ 62,405 ​ $ 58,613 Finance lease liabilities - current ​ Current portion of long-term debt ​ ​ 2,240 ​ ​ — Operating lease liabilities - non-current ​ Operating lease liabilities, net of current portion ​ ​ 804,555 ​ ​ 843,312 Finance lease liabilities - non-current ​ Long-term debt, net of current portion ​ ​ 27,742 ​ ​ — Total lease liabilities ​ ​ ​ $ 896,942 ​ $ 901,925 ​ The following presents certain information related to the costs for leases (in thousands): ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 Operating lease cost $ 121,238 ​ $ 122,431 Finance lease cost: ​ ​ ​ ​ ​ Amortization of finance lease assets ​ 2,701 ​ ​ — Interest on finance lease liabilities ​ 1,248 ​ ​ — Short-term lease cost ​ 1,699 ​ ​ 3,177 Variable lease cost ​ 23,385 ​ ​ 23,763 Sublease income ​ (1,876) ​ ​ (1,380) Net lease costs $ 148,395 ​ $ 147,991 ​ The following presents supplemental cash flow information related to leases (in thousands): ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ Operating cash flows for operating leases $ 121,708 ​ $ 122,073 Operating cash flows for finance leases ​ 1,061 ​ ​ — Financing cash flows for finance leases ​ 2,355 ​ ​ — Lease assets obtained in exchange for lease liabilities: ​ ​ ​ ​ ​ New, remeasured, and terminated operating leases $ 25,296 ​ $ 98,282 New finance leases ​ 31,895 ​ ​ — ​ The following presents other information related to leases: ​ ​ ​ ​ ​ ​ December 31, 2020 Weighted average remaining lease term: ​ ​ ​ Operating leases ​ 12.4 years Financing leases ​ 16.0 years Weighted average discount rate: ​ ​ ​ Operating leases ​ 7.1 % Financing leases ​ 6.0 % ​ The following reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities on the balance sheet as of December 31, 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ Leases Leases 2021 $ 120,376 $ 3,977 2022 ​ ​ 117,783 ​ ​ 4,011 2023 ​ ​ 115,532 ​ ​ 2,777 2024 ​ ​ 110,853 ​ ​ 2,494 2025 ​ ​ 103,471 ​ ​ 2,376 Thereafter ​ ​ 765,838 ​ ​ 33,776 Total lease payments ​ ​ 1,333,853 ​ ​ 49,411 Less: Imputed interest ​ ​ (466,893) ​ ​ (19,429) Total lease obligations ​ ​ 866,960 ​ ​ 29,982 Less: current portion ​ ​ (62,405) ​ ​ (2,240) Noncurrent lease obligations ​ $ 804,555 ​ $ 27,742 ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Taxes
Income Taxes	11. Income Taxes The components of the Company’s income tax expense from operations for the year ended December 31, consisted of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 2018 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 38,843 ​ $ 10,605 ​ $ 13,828 State ​ ​ 12,294 ​ ​ 4,080 ​ ​ 5,598 Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ ​ 5,016 ​ ​ 9,140 ​ ​ 11,970 State ​ ​ 1,590 ​ ​ 5,757 ​ ​ (606) Income tax expense ​ $ 57,743 ​ $ 29,582 ​ $ 30,790 ​ A reconciliation of income tax expense from operations to the federal statutory rate for the year ended December 31, is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 2018 Income taxes computed at federal statutory rate (1) ​ $ 84,411 ​ $ (19,051) ​ $ 20,238 State income taxes – net of federal benefit (1) ​ ​ 3,741 ​ ​ (4,728) ​ ​ 4,313 Other differences: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal alternative minimum tax and state and local taxes on pass-through entities ​ ​ 2,965 ​ ​ 937 ​ ​ 1,076 Income taxes computed at the effective federal and state statutory rate for pass-through entities not subject to tax for the Company (2) ​ ​ (53,147) ​ ​ (22,089) ​ ​ (41,367) Tax benefit from of transfer assets (3) ​ ​ — ​ ​ (14,170) ​ ​ — Increase in valuation allowance due to transfer of assets (3) ​ ​ — ​ ​ 26,350 ​ ​ — Increase in valuation allowance ​ ​ 19,058 ​ ​ 59,552 ​ ​ 43,175 Impact of other state tax rate changes ​ ​ (915) ​ ​ 1,653 ​ ​ (2,020) Goodwill impairment ​ ​ — ​ ​ — ​ ​ 6,158 Other ​ ​ 1,630 ​ ​ 1,128 ​ ​ (783) Income tax expense ​ $ 57,743 ​ $ 29,582 ​ $ 30,790 ​ (1) Federal and state income tax for 2019 and 2018 include the tax effect of $2.5 million of income tax benefit and $0.3 million of income tax expense, respectively, relating to the revaluation in the Tax Receivable Agreement liability. The amount related to 2020 was insignificant. (2) The related income is taxable to the non-controlling interest. (3) These amounts represent the net income tax expense of $12.2 million (composed of an increase in the valuation allowance against the Company’s overall deferred tax assets of $26.4 million, offset by the income tax benefit associated with the transferred assets of $14.2 million) related to the transfer of certain assets, including the Good Sam Club and co-branded credit cards as discussed below. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes and operating loss and tax credit carryforwards. Significant items comprising the net deferred tax assets at December 31, were (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Deferred tax liabilities ​ ​ ​ ​ ​ ​ Accelerated depreciation ​ $ (5) ​ $ (3) Prepaid expenses ​ ​ (1,690) ​ ​ (1,676) Intangible assets ​ ​ (2,865) ​ ​ (3,704) Operating lease assets ​ ​ (67,400) ​ ​ (71,221) Lease incentives ​ ​ (63) ​ ​ (5,226) ​ ​ ​ (72,023) ​ ​ (81,830) Deferred tax assets ​ ​ ​ ​ ​ ​ Investment impairment ​ ​ 22,169 ​ ​ 21,601 Inventory-related ​ ​ 5,494 ​ ​ 5,029 Gift cards ​ ​ 1,788 ​ ​ 1,385 Deferred revenues ​ ​ 6,996 ​ ​ 6,859 Accrual for employee benefits and severance ​ ​ 2,485 ​ ​ 1,555 Stock option expense ​ ​ 469 ​ ​ (10) Investment in partnership ("Outside Basis Deferred Tax Asset") (1) ​ ​ 241,805 ​ ​ 203,663 Tax Receivable Agreement liability ​ ​ 36,486 ​ ​ 28,715 Net operating loss carryforward ​ ​ 124,117 ​ ​ 114,617 Intangible assets ​ ​ 1,456 ​ ​ 2,086 Goodwill ​ ​ 1,433 ​ ​ 2,396 Deferred depreciation ​ ​ 1,283 ​ ​ 1,002 Operating lease liabilities ​ ​ 79,639 ​ ​ 82,785 Other reserves ​ ​ 8,057 ​ ​ 6,309 ​ ​ ​ 533,677 ​ ​ 477,992 Valuation allowance ​ ​ (295,946) ​ ​ (266,452) Net deferred tax assets ​ $ 165,708 ​ $ 129,710 ​ (1) This amount is the deferred tax asset the Company recognizes for its book to tax basis difference in its investment in CWGS, LLC. ​ At December 31, 2020, certain subsidiaries of CWH had federal and state net operating loss carryforwards of approximately $462.7 million and $422.0 million, respectively, which will be able to offset future taxable income. If not used, $55.5 million of federal and $422.0 million of state net operating losses will expire between 2021 and 2040, and $407.2 million will be carried forward indefinitely. On January 1, 2019, the Company transferred certain assets relating to its Good Sam Club and co-branded credit card from its indirect wholly-owned subsidiary, GSS, an LLC, to its indirect wholly-owned subsidiary, CWI, a corporation. As a result of this transfer, the Company recorded $12.2 million of net income tax expense due to the revaluation of certain deferred tax assets and related changes in valuation allowance. As a result of transferring certain assets relating to its Good Sam Club and co-branded credit card from GSS to CWI, as described above, the Company also re-evaluated the impact on its Tax Receivable Agreement liability related to the reduction of future expected tax amortization. The reduction in future expected tax amortization reduced the Tax Receivable Agreement liability by $7.5 million. As further described in Note 1 — Summary of Significant Accounting Policies — COVID-19, in response to the COVID-19 pandemic, many governments have enacted or are contemplating measures to provide aid and economic stimulus. These measures may include deferring the due dates of income tax and payroll tax payments or other changes to their income and non-income-based tax laws. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted on March 27, 2020 in the U.S., includes measures to assist companies, including temporary changes to income and non-income-based tax laws. For the year ended December 31, 2020, there were no material impacts to the Company’s consolidated financial statements as it relates to COVID-19 measures other than the deferral of non-income-based payroll taxes under the CARES Act of $29.2 million as of December 31, 2020, of which $14.6 million was included in other current liabilities and $14.6 million was included in other long-term liabilities in the consolidated balance sheets. At December 31, 2020, the Company determined that all of its deferred tax assets (except those of Camping World Inc. (“CW”) and the Outside Basis Deferred Tax Asset discussed below) are more likely than not to be realized. The valuation allowance for CW increased by $19.7 million in the year ended December 31, 2020, compared to an increase of $79.7 million in the year ended December 31, 2019, primarily as a result of increased operating losses incurred during 2020. Since it was determined that CW would not have sufficient taxable income in the current or carryforward periods under the tax law to realize the future tax benefits of its deferred tax assets, it continues to maintain a full valuation allowance. The Company maintains a partial valuation allowance against the Outside Basis Deferred Tax Asset pertaining to the portion that is not amortizable for tax purposes, since the Company would likely only realize the non-amortizable portion of the Outside Basis Deferred Tax Asset if the investment in CWGS, LLC was divested. The partial valuation allowance for the Outside Basis Deferred Tax Asset increased by $9.8 million in the year ended December 31, 2020, compared to an increase of $6.2 million in the year ended December 31, 2019. The increase in the year ended December 31, 2020 was primarily the result of increased ownership, net of a reduction in enacted state income tax rates. The Company and its subsidiaries file U.S. federal income tax returns and tax returns in various states. The Company is not under any material audits in any jurisdiction. With few exceptions, the Company is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2017. As of December 31, 2020 and 2019, the Company recorded $2.7 million and $0.3 million, respectively, related to uncertain tax positions. The Company does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Company is party to a tax receivable agreement (the “Tax Receivable Agreement”) that provides for the payment by the Company to the Continuing Equity Owners and Crestview Partners II GP, L.P. of 85% of the amount of tax benefits, if any, the Company actually realizes, or in some circumstances is deemed to realize, as a result of (i) increases in the tax basis from the purchase of common units from Crestview Partners II GP, L.P. in exchange for Class A common stock in connection with the consummation of the IPO and the related transactions and any future redemptions that are funded by the Company and any future redemptions or exchanges of common units by Continuing Equity Owners as described above and (ii) certain other tax benefits attributable to payments made under the Tax Receivable Agreement. The above payments are predicated on CWGS, LLC making an election under Section 754 of the Internal Revenue Code effective for each tax year in which a redemption or exchange (including a deemed exchange) of common units for cash or stock occur. These tax benefit payments are not conditioned upon one or more of the Continuing Equity Owners or Crestview Partners II GP, L.P. maintaining a continued ownership interest in CWGS, LLC. In general, the Continuing Equity Owners’ or Crestview Partners II GP, L.P.’s rights under the Tax Receivable Agreement are assignable, including to transferees of its common units in CWGS, LLC (other than the Company as transferee pursuant to a redemption or exchange of common units in CWGS, LLC). The Company expects to benefit from the remaining 15% of the tax benefits, if any, which may be realized. During the twelve months ended December 31, 2020 and 2019, 4,852,497 and 5,725 common units in CWGS, LLC, respectively, were exchanged for Class A common stock subject to the provisions of the Tax Receivable Agreement. The Company recognized a liability for the Tax Receivable Agreement payments due to those parties that redeemed common units, representing 85% of the aggregate tax benefits the Company expects to realize from the tax basis increases related to the exchange, after concluding it was probable that the Tax Receivable Agreement payments would be paid based on estimates of future taxable income. As of December 31, 2020, and December 31, 2019, the amount of Tax Receivable Agreement payments due under the Tax Receivable Agreement was $145.9 million and $114.8 million, respectively, of which $8.1 million and $6.6 million, respectively, were included in current portion of the Tax Receivable Agreement liability in the consolidated balance sheets. From January 1, 2021 to February 17, 2021, Crestview Partners II GP, L.P. has redeemed 1.3 million common units in CWGS, LLC for 1.3 million shares of the Company’s Class A common stock as a result of transactions pursuant to a trading plan. The estimated increase in deferred tax assets, the non-current portion of the Tax Receivable Agreement liability, and additional paid-in capital resulting from these redemptions is $13.3 million, $11.3 million, and $2.0 million, respectively. Payments pursuant to the Tax Receivable Agreement relating to these redemptions would begin during the year ended December 31, 2022. For tax years beginning on or after January 1, 2018, CWGS, LLC is subject to partnership audit rules enacted as part of the Bipartisan Budget Act of 2015 (the “Centralized Partnership Audit Regime”). Under the Centralized Partnership Audit Regime, any IRS audit of CWGS, LLC would be conducted at the CWGS, LLC level, and if the IRS determines an adjustment, the default rule is that CWGS, LLC would pay an “imputed underpayment” including interest and penalties, if applicable. CWGS, LLC may instead elect to make a “push-out” election, in which case the partners for the year that is under audit would be required to take into account the adjustments on their own personal income tax returns. If CWGS, LLC does not elect to make a “push-out” election, CWGS, LLC has agreements in place requiring former partners to indemnify CWGS, LLC for their share of the imputed underpayment. The partnership agreement does not stipulate how CWGS, LLC will address imputed underpayments. If CWGS, LLC receives an imputed underpayment, a determination will be made based on the relevant facts and circumstances that exist at that time. Any payments that CWGS, LLC ultimately makes on behalf of its current partners will be reflected as a distribution, rather than tax expense, at the time such distribution is declared.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2020
Fair Value Measurements
Fair Value Measurements	12. Fair Value Measurements Accounting guidance for fair value measurements establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. There have been no transfers of assets or liabilities between the fair value measurement levels and there were no material re-measurements to fair value during 2020 and 2019 of assets and liabilities that are not measured at fair value on a recurring basis. The following table presents the reported carrying value and fair value information for the Company’s debt instruments. The fair values shown below for the Term Loan Facility, as applicable, are based on quoted prices in the inactive market for identical assets (Level 2) and the fair values shown below for the Floor Plan Facility, the Revolving Line of Credit, and the Real Estate Facility are estimated by discounting the future contractual cash flows at the current market interest rate that is available based on similar financial instruments. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ December 31, 2020 ​ December 31, 2019 ($ in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Term Loan Facility ​ Level 2 ​ $ 1,130,356 ​ $ 1,132,979 ​ $ 1,148,115 ​ $ 1,104,947 Floor Plan Facility Revolving Line of Credit ​ Level 2 ​ ​ 20,885 ​ ​ 20,791 ​ ​ 40,885 ​ ​ 41,299 Real Estate Facility ​ Level 2 ​ ​ 4,493 ​ ​ 4,600 ​ ​ 19,521 ​ ​ 21,030 ​

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies.
Commitments and Contingencies	13. Commitments and Contingencies Sponsorship and Other Agreements The Company enters into sponsorship agreements from time to time. Current sponsorship agreements run through 2024. The agreements consist of annual fees payable in aggregate of $11.6 million in 2021, $14.5 million in 2022, $5.6 million in 2023, and $4.5 million in 2024, which are recognized to expense over the expected benefit period. The Company entered into a subscription agreement for a customer relationship management software application in 2014. The subscription agreement was amended on October 28, 2016 and again October 18, 2017. The amended subscription agreement for future software services consists of annual fees payable as follows: $4.5 million in 2019, $4.8 million in 2020, and $5.0 million in 2021. Expense is recognized ratably over the term of the agreement. Self-Insurance Program Self-insurance reserves represent amounts established as a result of insurance programs under which the Company self-insures portions of the business risks. The Company carries substantial premium-paid, traditional risk transfer insurance for various business risks. The Company self-insures and establishes reserves for the retention on workers’ compensation insurance, general liability, automobile liability, professional errors and omission liability, and employee health claims. The self-insured claims liability was approximately $19.6 million and $18.4 million at December 31, 2020 and 2019, respectively. The determination of such claims and expenses and the appropriateness of the related liability are continually reviewed and updated. The self-insurance accruals are calculated by actuaries and are based on claims filed and include estimates for claims incurred but not yet reported. Projections of future losses, including incurred but not reported losses, are inherently uncertain because of the random nature of insurance claims and could be substantially affected if occurrences and claims differ significantly from these assumptions and historical trends. In addition, the Company has obtained letters of credit as required by insurance carriers. As of December 31, 2020 and 2019, these letters of credit were approximately $17.7 million and $15.3 million, respectively. This includes $11.7 million and $11.2 million as of December 31, 2020 and 2019, respectively, issued under the Floor Plan Facility (see Note 4 — Inventories, net and Notes Payable — Floor Plan, net), and the balance issued under the Company’s Senior Secured Credit Facilities (see Note 9 — Long-Term Debt). Litigation On October 19, 2018, a purported stockholder of the Company filed a putative class action lawsuit, captioned Ronge v. Camping World Holdings, Inc. et al Strougo v. Camping World Holdings Inc. et al The Ronge and Strougo Complaints were consolidated and lead plaintiffs (the “ Ronge Ronge Ronge Ronge On December 12, 2018, a putative class action complaint styled International Union of Operating Engineers Benefit Funds of Eastern Pennsylvania and Delaware v. Camping World Holdings Inc October 2017 (“IUOE Complaint”). The IUOE Complaint named as defendants the Company, and certain of its officers and directors, among others, and alleged violations of Sections 11, 12(a), and 15 of the Securities Act of 1933 based on allegedly materially misleading statements or omissions of material facts necessary to make certain statements not misleading. On July 13, 2020, the parties entered into a confidential settlement agreement resolving the named plaintiff’s claims. The putative class’s claims were duplicative of certain claims in the Ronge Ronge On February 22, 2019, a putative class action complaint styled Daniel Geis v. Camping World Holdings Inc., et al Geis Ronge Geis Ronge Ronge On March 5, 2019, a shareholder derivative suit styled Hunnewell v. Camping World Holdings, Inc., et al. On April 17, 2019, a shareholder derivative suit styled Lincolnshire Police Pension Fund v. Camping World Holdings, Inc., et al Ronge On August 6, 2019, two shareholder derivative suits, styled Janssen v. Camping World Holdings, Inc., et al. Sandler v. Camping World Holdings, Inc. et al shareholders materially misleading and inaccurate information through the Company’s SEC filings; and (iv) breach of fiduciary duties for alleged insider selling and misappropriation of information (together, the “Janssen and Sandler Complaints”). The Janssen and Sandler Complaints seek restitutionary and/or compensatory damages, injunctive relief, disgorgement of all profits, benefits, and other compensation obtained by the certain of the Company’s officers and directors, attorneys’ fees and costs, and any other and further relief the court deems just and proper. On September 25, 2019, the Court granted the parties’ joint motion to consolidate the action and stay the action pending resolution of defendants’ motion to dismiss in the Ronge On May 28, 2020, Kamela Woodings (“Woodings”), in her representative capacity under the Private Attorney General Action (“PAGA”) filed a lawsuit styled Woodings v. FreedomRoads, LLC Woodings v. FreedomRoads, LLC On August 6, 2020, the Class Action was removed to the U.S. District Court for the Central District of California. On August 27, 2020, Woodings amended the Class Action to add a second plaintiff, Jodi Dormaier, representing a Washington subclass of all non-exempt FreedomRoads, LLC employees, in an amended lawsuit styled Kamela Woodings and Jodi Dormaier v. FreedomRoads, LLC (the “Amended Class Action”). Dormeir, and the putative class, pre-judgment interest, declaratory judgment establishing a violation of California Labor Code, California Business and Professional Code §§ 17200, et seq., Revised Code of Washington and other laws of the States of California and Washington, and public policy, compensatory damages including lost wages, earnings, liquidated damages, and other employee benefits together with interest, restitution, recovery of all money, actual damages and all other sums of money owed to Woodings, Dormaier, and the putative class members, together with interest, an accounting of FreedomRoads, LLC’s revenues, costs, and profits in connection with each sale of goods and services made by Woodings, Dormaier, and the putative class, and reasonable attorneys’ fees and costs, and any other and further relief the court deems just and proper. On January 18, 2021, the parties entered into a preliminary agreement to settle the Amended Class Action and the PAGA Complaint subject to the terms of a long-form settlement agreement to be executed by the parties and approval by the courts. As of December 31, 2020, the Company had a reserve totaling $4.0 million for estimated losses related to this matter. No assurance can be made that these or similar suits will not result in a material financial exposure in excess of insurance coverage, which could have a material adverse effect upon the Company’s financial condition and results of operations. From time to time, the Company is involved in other litigation arising in the normal course of business operations. Employment Agreements The Company has employment agreements with certain officers. The agreements include, among other things, an annual bonus based on adjusted earnings before interest, taxes, depreciation and amortization, and up to one year ’s severance pay beyond termination date.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions
Related Party Transactions	14. Related Party Transactions Transactions with Directors, Equity Holders and Executive Officers FR leases various retail locations from managers and officers. During 2020, 2019 and 2018, the related party lease expense for these locations was $2.0 million, $2.2 million and $1.9 million, respectively. In January 2012, FR entered into a lease (the “Original Lease”) for the offices in Lincolnshire, Illinois, which was amended as of March 2013 (the “First Amendment”). The Original Lease base rent was $29,000 per month that was amended to $31,500 per month in March 2013 by virtue of the First Amendment and is subject to annual increases. As of November 1, 2019, by way of the Second Amendment to the Office Lease, (together with the Original Lease and the First Amendment, collectively, the “Office Lease”), the Company began leasing additional space for an additional monthly base rent of $5,200. The Company’s Chairman and Chief Executive Officer has personally guaranteed the Office Lease. Other Transactions Cumulus Media Inc. (“Cumulus Media”) has provided radio advertising for the Company through Cumulus Media’s subsidiary, Westwood One, Inc. Crestview Partners II GP, L.P., an affiliate of CVRV, was the beneficial owner of Cumulus Media’s Class A common stock until approximately June 6, 2018, according to Crestview Partners II GP, L.P.’s most recently filed Schedule 13D amendment with respect to the company. For the year ended December 31, 2018, the Company incurred Cumulus Media expenses of $0.3 million for the aforementioned advertising services. Cumulus Media was not a related party in the years ended December 31, 2019 and 2020. The Company does business with certain companies in which Mr. Lemonis has a direct or indirect material interest. The Company purchased fixtures for interior store sets at the Company’s retail locations from Precise Graphix. Mr. Lemonis has a 67% economic interest in Precise Graphix. The Company incurred expenses from Precise Graphix of $0.3 million, $1.4 million and $5.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. The Company purchased point of purchase and visual merchandise displays from JD Custom Design (“JD Custom”) for use in Camping World’s retail store operations. Mr. Lemonis is a holder of 52% of the combined voting power in JD Custom and the Company paid JD Custom $0, $0 and $0.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. The Company does business with certain companies in which Stephen Adams, a member of the Company’s board of directors, has a direct or indirect material interest. The Company from time to time purchases advertising services from Adams Radio of Fort Wayne LLC (“Adams Radio”), in which Mr. Adams has an indirect 90% interest. The Company paid Adams Radio $0 million, $0.2 million, and $0.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. The Company paid Kaplan, Strangis and Kaplan, P.A., of which Andris A. Baltins is a member, and a member of the Company’s board of directors, $0.2 million, $0.3 million and $0.3 million for the years ended December 31, 2020, 2019 and 2018, respectively, for legal services. ​

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2020
Acquisitions
Acquisitions	15. Acquisitions In 2020 and 2019, subsidiaries of the Company acquired the assets or stock of multiple RV dealerships that constituted businesses under accounting rules. In 2019, the RV and Outdoor Retail segment acquired the assets of various RV dealerships comprised of five locations for an aggregate purchase price of approximately $48.4 million. The purchases were partially funded through $13.9 million of borrowings under the Floor Plan Facility revolving line of credit. In 2020, the RV and Outdoor Retail segment acquired the assets of various RV dealerships comprised of nine locations for an aggregate purchase price of approximately $37.9 million plus real property of $53.1 million. The purchases were partially funded through $10.3 million of borrowings under the Floor Plan Facility revolving line of credit. Three of these acquired locations will open in 2021. Additionally, in October 2020, the RV and Outdoor Retail segment acquired the assets of an RV furniture distributor for $9.7 million in cash. For the years ended December 31, 2020 and 2019, the Company purchased real property of $53.1 million and $31.6 million, respectively, of which $34.1 million and $2.9 million, respectively, was from parties related to the sellers of the businesses. The estimated fair values of the assets acquired and liabilities assumed for the acquisitions of dealerships and the RV furniture distributor consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 Tangible assets (liabilities) acquired (assumed): ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 3,094 ​ $ — Inventories, net ​ ​ 17,211 ​ ​ 19,856 Prepaid expenses and other assets ​ ​ 643 ​ ​ 95 Property and equipment, net ​ ​ 1,077 ​ ​ 359 Operating lease assets ​ ​ 1,859 ​ ​ — Finance lease asset ​ ​ 2,373 ​ ​ — Accounts payable ​ ​ (1,628) ​ ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 Accrued liabilities ​ ​ (2,839) ​ ​ (114) Operating lease liabilities ​ ​ (1,859) ​ ​ — Finance lease liabilities ​ ​ (2,373) ​ ​ ​ Total tangible net assets acquired ​ ​ 17,558 ​ ​ 20,194 Intangible assets acquired: ​ ​ ​ ​ ​ ​ Trademarks and trade names ​ ​ 725 ​ ​ — Supplier and customer relationships ​ ​ 3,107 ​ ​ — Total intangible assets acquired ​ ​ 3,832 ​ ​ — Goodwill ​ ​ 26,182 ​ ​ 28,224 Purchase price ​ ​ 47,572 ​ ​ 48,418 Cash and cash equivalents acquired ​ ​ — ​ ​ — Cash paid for acquisitions, net of cash acquired ​ ​ 47,572 ​ ​ 48,418 Inventory purchases financed via floor plan ​ ​ (10,350) ​ ​ (13,854) Cash payment net of floor plan financing ​ $ 37,222 ​ $ 34,564 ​ ​ ​ ​ ​ ​ ​ ​ The fair values above are preliminary relating to the year ended December 31, 2020 as they are subject to measurement period adjustments for up to one year from the date of acquisition as new information is obtained about facts and circumstances that existed as of the acquisition date relating to the valuation of the acquired assets, primarily the acquired inventories. The primary items that generated the goodwill are the value of the expected synergies between the acquired businesses and the Company and the acquired assembled workforce, neither of which qualify for recognition as a separately identified intangible asset. For the years ended December 31, 2020 and 2019, acquired goodwill of $26.2 million and $28.2 million is expected to be deductible for tax purposes. Included in the years ended December 31, 2020 and 2019 consolidated financial results were $10.1 million and $44.6 million of revenue, respectively, and $0.5 million of pre-tax loss and $0.3 million of pre-tax income, respectively, of the acquired dealerships from the applicable acquisition dates.

Statement of Cash Flows

Statement of Cash Flows	12 Months Ended
	Dec. 31, 2020
Statement of Cash Flows
Statements of Cash Flows	16. Statements of Cash Flows Supplemental disclosures of cash flow information for the following periods (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ December 31, ​ December 31, ​ 2020 2019 2018 Cash paid during the period for: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ 72,458 ​ $ 105,776 ​ $ 94,591 Income taxes ​ ​ 52,938 ​ ​ 5,900 ​ ​ 17,683 Non-cash investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Derecognized property and equipment for leases that qualified as operating leases after completion of construction ​ ​ — ​ ​ — ​ ​ (4,628) Leasehold improvements paid by lessor ​ ​ 37 ​ ​ 21,749 ​ ​ 27,022 Vehicles transferred to property and equipment from inventory ​ ​ 70 ​ ​ 827 ​ ​ 919 Derecognition of non-tenant improvements ​ ​ — ​ ​ — ​ ​ 8,134 Capital expenditures in accounts payable and accrued liabilities ​ ​ 3,738 ​ ​ 3,158 ​ ​ 8,441 Non-cash financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Par value of Class A common stock issued in exchange for common units in CWGS, LLC ​ ​ 48 ​ ​ — ​ ​ 3 Par value of Class A common stock issued for vested restricted stock units ​ ​ 3 ​ ​ 4 ​ ​ 3 Par value of Class A common stock repurchased for withholding taxes on vested RSUs ​ ​ — ​ ​ (1) ​ ​ (1) ​

Benefit Plan

Benefit Plan	12 Months Ended
	Dec. 31, 2020
Benefit Plan
Benefit Plan	17. Benefit Plan The Freedom Roads 401(k) Defined Contribution Plan (“FreedomRewards 401(k) Plan”) is qualified under Sections 401(a) and 401(k) of the Internal Revenue Service Code of 1986, as amended. Effective January 1, 2012, the GSE 401(k) Plan was merged with the FreedomRewards 401(k) Plan. Effective January 1, 2007, Camping World elected to begin participating in the FreedomRewards 401(k) Plan. All employees over age 18 , including the executive officers, are eligible to participate in the Freedom Rewards 401(k) Plan. Any favorable vesting was grandfathered for any affected participants pursuant to FreedomRewards 401(k) Plan Amendment No. 3 signed December 15, 2011, and effective January 1, 2012. Non-highly compensated employees may defer up to 75% of their eligible compensation up to the Internal Revenue Service limits. Highly compensated employees may defer up to 15% of their eligible compensation up to the Internal Revenue Service limits. There were no contributions to the FreedomRewards 401(k) Plan in 2020, 2019 or 2018.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity
Stockholders' Equity	18. Stockholders’ Equity CWGS, LLC Ownership CWH is the sole managing member of CWGS, LLC and, although CWH has a minority economic interest in CWGS, LLC of 47.4%, 42.0%, and 41.9% as of December 31, 2020, 2019, and 2018, respectively, CWH has the sole voting power in, and controls the management of, CWGS, LLC. The remaining 52.6%, 58.0%, and 58.1% of CWGS, LLC as of December 31, 2020, 2019, and 2018, respectively, was held by the “Continuing Equity Owners,” whom the Company defines as collectively, ML Acquisition Company, a Delaware limited liability company, indirectly owned by each of Stephen Adams and the Company’s Chairman and Chief Executive Officer, Marcus Lemonis ("ML Acquisition”), funds controlled by Crestview Partners II GP, L.P. and, collectively, the Company’s named executive officers (excluding Marcus Lemonis), Andris A. Baltins and K. Dillon Schickli, who are members of the Company’s board of directors, and certain other current and former non-executive employees and former directors, in each case, who held profit units in CWGS, LLC pursuant to CWGS, LLC’s equity incentive plan that was in existence prior to the Company’s IPO and who received common units of CWGS, LLC in exchange for their profit units in connection with the reorganization transactions at the time of the IPO (collectively, the “Former Profit Unit Holders”) and each of their permitted transferees that own common units in CWGS, LLC and who may redeem at each of their options their common units for, at the Company’s election (determined solely by the Company’s independent directors (within the meaning of the rules of the New York Stock Exchange) who are disinterested), cash or newly issued shares of the Company’s Class A common stock. Accordingly, the Company consolidated the financial results of CWGS, LLC and reported a non-controlling interest in its consolidated financial statements. Common Stock Economic and Voting Rights Each share of the Company’s Class A common stock and Class B common stock entitles its holders to one vote per share on all matters presented to the Company’s stockholders generally; provided that, for as long as ML Acquisition Company, LLC, a Delaware limited liability company, indirectly owned by each of Stephen Adams and the Company’s Chairman and Chief Executive Officer, Marcus Lemonis, and its permitted transferees of common units (collectively, the “ML Related Parties”), directly or indirectly, beneficially own in the aggregate 27.5% or more of all of the outstanding common units of CWGS, LLC, the shares of Class B common stock held by the ML Related Parties will entitle the ML Related Parties to the number of votes necessary such that the ML Related Parties, in the aggregate, cast 47% of the total votes eligible to be cast by all of the Company’s stockholders on all matters presented to a vote of the Company’s stockholders generally. Additionally, the one share of Class C common stock entitles its holder to the number of votes necessary such that the holder casts 5% of the total votes eligible to be cast by all of the Company’s stockholders on all matters presented to a vote of the Company’s stockholders generally. The one share of Class C common stock is owned by ML RV Group, LLC, a Delaware limited liability company, wholly-owned by the Company’s Chairman and Chief Executive Officer, Marcus Lemonis. Holders of the Company’s Class B and Class C common stock are not entitled to receive dividends and will not be entitled to receive any distributions upon the liquidation, dissolution or winding up of the Company. Shares of Class B common stock may only be issued to the extent necessary to maintain the one-to-one ratio between the number of common units of CWGS, LLC held by funds controlled by Crestview Partners II GP, L.P. and the ML Related Parties (the “Class B Common Owners”) and the number of shares of Class B common stock held by the Class B Common Owners. Shares of Class B common stock are transferable only together with an equal number of common units of CWGS, LLC. Only permitted transferees of common units held by the Class B Common Owners will be permitted transferees of Class B common stock. Shares of Class B common stock will be canceled on a one-for-one basis upon the redemption or exchange any of the outstanding common units of CWGS, LLC held by the Class B Common Owners. Upon the occurrence of certain change in control events, the Class C common stock would no longer have any voting rights, such share of the Company’s Class C common stock will be cancelled for no consideration and will be retired, and the Company will not reissue such share of Class C common stock. The Company must, at all times, maintain a one-to-one ratio between the number of outstanding shares of Class A common stock and the number of common units of CWGS, LLC owned by CWH (subject to certain exceptions for treasury shares and shares underlying certain convertible or exchangeable securities). Short-Swing Profit Disgorgement In May 2018, the Company received an aggregate of $557,000 from short-swing profit disgorgement remitted by ML Acquisition Company, LLC, of which Marcus A. Lemonis, Chairman and Chief Executive Officer of the Company, is the sole director, which is included as an increase to additional paid-in capital in the consolidated statement of stockholders’ equity and as a financing activity in the consolidated statement of cash flows. Stock Repurchase Program On October 30, 2020, the Company’s Board of Directors authorized a stock repurchase program for the repurchase of up to $100.0 million of the Company’s Class A common stock, expiring on October 31, 2022. Repurchases under the program are subject to any applicable limitations on the availability of funds to be distributed to the Company by CWGS, LLC to fund repurchases and may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the Company to acquire any particular amount of Class A common stock and the program may be extended, modified, suspended or discontinued at any time at the Board’s discretion. The Company expects to fund the repurchases using cash on hand. During the year ended December 31, 2020, the Company repurchased 811,223 shares of Class A common stock under this program for approximately $21.5 million, including commissions paid, at a weighted average price per share of $26.53, which is recorded as treasury stock on the consolidated balance sheets.

Non-Controlling Interests

Non-Controlling Interests	12 Months Ended
	Dec. 31, 2020
Non-Controlling Interests
Non-Controlling Interests	19. Non-Controlling Interests As described in Note 18 — Stockholders’ Equity, CWH is the sole managing member of CWGS, LLC and, as a result, consolidates the financial results of CWGS, LLC. The Company reports a non-controlling interest representing the common units of CWGS, LLC held by Continuing Equity Owners. Changes in CWH’s ownership interest in CWGS, LLC while CWH retains its controlling interest in CWGS, LLC will be accounted for as equity transactions. As such, future redemptions or direct exchanges of common units of CWGS, LLC by the Continuing Equity Owners will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest and increase or decrease additional paid-in capital when CWGS, LLC has positive or negative net assets, respectively. At December 31, 2020 and 2019, CWGS, LLC had negative net assets, which resulted in negative non-controlling interest amounts on the consolidated balance sheets. At the end of each period, the Company will record a non-controlling interest adjustment to additional paid-in capital such that the non-controlling interest on the consolidated balance sheet is equal to the non-controlling interest’s ownership share of the underlying CWGS, LLC net assets (see the consolidated statement of stockholders’ deficit). As of December 31, 2020 and December 31, 2019, there were 89,043,176 and 89,158,273 common units of CWGS, LLC interests outstanding, respectively, of which CWH owned 42,226,389 and 37,488,989 common units of CWGS, LLC, respectively, representing 47.4% and 42.0% ownership interest in CWGS, LLC., respectively, and the Continuing Equity Owners owned 46,816,787 and 51,669,284 common units of CWGS, LLC, respectively, representing 52.6% and 58.0% ownership interests in CWGS, LLC, respectively. During the year ended December 31, 2020, the funds controlled by Crestview Partners II GP, L.P. redeemed 4.7 million common units of CWGS, LLC in exchange for 4.7 million shares of the Company’s Class A common stock, which also resulted in the cancellation of 4.7 million shares of the Company’s Class B common stock that was previously held by the funds controlled by Crestview Partners II GP, L.P. During the year ended December 31, 2018, the ML Related Parties redeemed 0.1 million common units of CWGS, LLC in exchange for 0.1 million shares of the Company’s Class A common stock, which also resulted in the cancellation of 0.1 million shares of the Company’s Class B common stock that was previously held by the ML Related Parties. The following table summarizes the effects of changes in ownership in CWGS, LLC on the Company’s equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Net income (loss) attributable to Camping World Holdings, Inc. ​ $ 122,345 ​ $ (60,591) ​ $ 10,398 ​ Transfers to non-controlling interests: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Decrease in additional paid-in capital as a result of the purchase of common units from CWGS, LLC with proceeds from the exercise of stock options ​ ​ (2,602) ​ ​ — ​ ​ (86) ​ (Decrease) increase in additional paid-in capital as a result of the vesting of restricted stock units ​ ​ (6,398) ​ ​ 736 ​ ​ 881 ​ Decrease in additional paid-in capital as a result of repurchases of Class A common stock for withholding taxes on vested RSUs ​ ​ (1,910) ​ ​ (1,477) ​ ​ (1,364) ​ Increase in additional paid-in capital as a result of repurchases of Class A common stock for treasury stock ​ ​ 11,616 ​ ​ — ​ ​ — ​ Increase (decrease) in additional paid-in capital as a result of the redemption of common units of CWGS, LLC ​ ​ 25,565 ​ ​ (478) ​ ​ 4,536 ​ Change from net income (loss) attributable to Camping World Holdings, Inc. and transfers to non-controlling interests ​ $ 148,616 ​ $ (61,810) ​ $ 14,365 ​ ​

Equity-based Compensation Plans

Equity-based Compensation Plans	12 Months Ended
	Dec. 31, 2020
Equity-based Compensation Plans
Equity-based Compensation Plans	​ 20. Equity-based Compensation Plans The following table summarizes the equity-based compensation that has been included in the following line items within the consolidated statements of operations during: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 2018 Equity-based compensation expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs applicable to revenue ​ $ 903 ​ $ 847 ​ $ 820 Selling, general, and administrative ​ ​ 19,758 ​ ​ 12,298 ​ ​ 13,268 Total equity-based compensation expense ​ $ 20,661 ​ $ 13,145 ​ $ 14,088 Total income tax benefit recognized related to equity-based compensation ​ $ 2,176 ​ $ 1,275 ​ $ 1,350 ​ ​ 2016 Incentive Award Plan In October 2016, the Company adopted the 2016 Incentive Award Plan (the “2016 Plan”) under which the Company may grant up to 14,693,518 stock options, restricted stock units, and other types of equity-based awards to employees, consultants or non-employee directors of the Company. The Company does not intend to use cash to settle any of its equity-based awards. Upon the exercise of a stock option award, the vesting of a restricted stock unit or the award of common stock or restricted stock, shares of Class A common stock are issued from authorized but unissued shares or from shares held in treasury. Stock options and restricted stock units granted to employees generally vest in equal annual installments over a three to five-year period and are canceled upon termination of employment. Stock options are granted with an exercise price equal to the fair market value of the Company’s Class A common stock on the date of grant. Stock option grants expire after ten years unless canceled earlier due to termination of employment. Restricted stock units granted to non-employee directors vest in equal annual installments over a one-year or three-year period subject to voluntary deferral elections made prior to the grant. The Company did not grant any stock options during the years ended December 31, 2020, 2019, or 2018. A summary of stock option activity for the year ended December 31, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Options ​ Weighted Average ​ Intrinsic Value ​ Contractual Life ​ (in thousands) Exercise Price (in thousands) (years) Outstanding at December 31, 2019 ​ ​ 745 ​ $ 21.86 ​ ​ ​ ​ ​ ​ Exercised ​ ​ (213) ​ $ 21.73 ​ ​ ​ ​ ​ ​ Forfeited ​ ​ (62) ​ $ 22.00 ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2020 ​ ​ 470 ​ $ 21.90 ​ $ 1,950 ​ ​ 5.7 Options exercisable at December 31, 2020 ​ ​ 470 ​ $ 21.90 ​ $ 1,950 ​ ​ 5.7 ​ At December 31, 2020, all stock options were fully vested. There were no exercises of stock options during the year ended December 31, 2019. The intrinsic value of stock options exercised was $2.3 million and $0.1 million for the years ended December 31, 2020 and 2018, respectively. The actual tax benefit for the tax deductions from the exercise of stock options was $0.3 million and not significant for the years ended December 31, 2020 and 2018, respectively. A summary of restricted stock unit activity for the year ended December 31, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted ​ Weighted Average ​ ​ Stock Units ​ Grant Date ​ (in thousands) Fair Value Outstanding at December 31, 2019 ​ ​ 1,806 ​ $ 19.68 Granted ​ ​ 2,520 ​ $ 32.54 Vested ​ ​ (661) ​ $ 20.83 Forfeited ​ ​ (273) ​ $ 24.40 Outstanding at December 31, 2020 ​ ​ 3,392 ​ $ 28.87 ​ The weighted-average grant date fair value of restricted stock units granted during the years ended December 31, 2020, 2019 and 2018 was $32.54 , $11.17 , and $25.73 , respectively. At December 31, 2020, the intrinsic value of unvested restricted stock units was $88.4 million. At December 31, 2020, total unrecognized compensation cost related to unvested restricted stock units was $87.5 million and is expected to be recognized over a weighted-average period of 3.9 years. The fair value of restricted stock units that vested during the years ended December 31, 2020, 2019, and 2018 was $16.7 million, $11.8 million, and $5.6 million, respectively. The actual tax benefit for the tax deductions from the vesting of restricted stock units was $2.1 million, $0.7 million, and $0.7 million for the years ended December 31, 2020, 2019, and 2018, respectively. The restricted stock units that vested were typically net share settled such that the Company withheld shares with value equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities. The total shares withheld were based on the value of the restricted stock units on their respective vesting dates as determined by the Company’s closing stock price. Total payments for the employees’ tax obligations to taxing authorities are reflected as a financing activity within the Consolidated Statements of Cash Flows. These net share settlements had the effect of share repurchases by the Company as they reduced the number of shares that would have otherwise been issued as a result of the vesting and did not represent an expense to the Company. In June 2020, the Company entered into a consulting agreement with Melvin Flanigan that became effective after his resignation as the Company’s Chief Financial Officer and Secretary on June 30, 2020. Prior to Mr. Flanigan’s resignation from his employment with the Company, he was previously granted awards of (a) 62,500 restricted stock units (“RSU”) on January 21, 2019 (the “First Award”), and (b) 60,000 RSUs on November 12, 2019 (the “Second Award”) pursuant to the Company’s 2016 Incentive Award Plan. The consulting agreement provided, among other things, that (i) the remaining unvested 41,667 RSUs held by Mr. Flanigan pursuant to the First Award would vest on January 1, 2021, provided that the consulting agreement had not been terminated prior to December 31, 2020, and (ii) 20,000 unvested RSUs held by Mr. Flanigan pursuant to the Second Award that were scheduled to vest on November 15, 2020 would vest on such date, provided that the Consulting Agreement had not been terminated prior to such date. This modification resulted in an incremental equity-based compensation charge of $1.3 million relating to the modified RSUs, which was recorded between June 2020 and December 31, 2020.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share
Earnings Per Share	21. Earnings Per Share Basic and Diluted Earnings Per Share Basic earnings per share of Class A common stock is computed by dividing net income (loss) available to Camping World Holdings, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing net income (loss) available to Camping World Holdings, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ (In thousands except per share amounts) 2020 2019 2018 ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 344,215 ​ $ (120,301) ​ $ 65,581 ​ Less: net (income) loss attributable to non-controlling interests ​ ​ (221,870) ​ ​ 59,710 ​ ​ (55,183) ​ Net income (loss) attributable to Camping World Holdings, Inc. — ​ ​ 122,345 ​ ​ (60,591) ​ ​ 10,398 ​ Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs ​ ​ 1,304 ​ ​ (71) ​ ​ — ​ Add: reallocation of net income attributable to non-controlling interests from the assumed exchange of common units of CWGS, LLC for Class A common stock ​ ​ — ​ ​ — ​ ​ 14,240 ​ Net income (loss) attributable to Camping World Holdings, Inc. — ​ $ 123,649 ​ $ (60,662) ​ $ 24,638 ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares of Class A common stock outstanding — basic and diluted ​ ​ 39,383 ​ ​ 37,310 ​ ​ 36,985 ​ Dilutive options to purchase Class A common stock ​ ​ 79 ​ ​ — ​ ​ 78 ​ Dilutive restricted stock units ​ ​ 547 ​ ​ 40 ​ ​ 83 ​ Dilutive common units of CWGS, LLC that are convertible into Class A common stock ​ ​ — ​ ​ — ​ ​ 51,732 ​ Weighted-average shares of Class A common stock outstanding — diluted ​ ​ 40,009 ​ ​ 37,350 ​ ​ 88,878 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per share of Class A common stock — basic ​ $ 3.11 ​ $ (1.62) ​ $ 0.28 ​ Earnings (loss) per share of Class A common stock — diluted ​ $ 3.09 ​ $ (1.62) ​ $ 0.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share of Class A common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options to purchase Class A common stock ​ ​ 361 ​ ​ 795 ​ ​ 681 ​ Restricted stock units ​ ​ 1,349 ​ ​ 1,179 ​ ​ 1,037 ​ Common units of CWGS, LLC that are convertible into Class A common stock ​ ​ 49,916 ​ ​ 51,670 ​ ​ — ​ ​ Shares of the Company’s Class B common stock and Class C common stock do not share in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock or Class C common stock under the two-class method has not been presented.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2020
Segment Information
Segments Information	22. Segment Information The Company has the following two reportable segments: (i) Good Sam Services and Plans, and (ii) RV and Outdoor Retail (see Note 1 – Summary of Significant Accounting Policies – Description of the Business for a discussion of the primary revenue generating activities of each segment). The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by the Company’s chief operating decision maker to allocate resources and assess performance. The Company’s chief operating decision maker is a group comprised of the Chief Executive Officer and the President. Segment revenue includes intersegment revenue. Segment income includes intersegment allocations for subsidiaries and shared resources. Reportable segment revenue, segment income, floor plan interest expense, depreciation and amortization, other interest expense, net, total assets, and capital expenditures are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ Good Sam ​ RV and ​ ​ ​ ​ ​ ​ Services ​ Outdoor ​ Intersegment ​ ​ ​ ($ in thousands) and Plans Retail Eliminations Total Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam services and plans $ 182,758 ​ $ — ​ $ (1,781) ​ $ 180,977 New vehicles ​ — ​ ​ 2,829,296 ​ ​ (5,985) ​ ​ 2,823,311 Used vehicles ​ — ​ ​ 987,389 ​ ​ (2,536) ​ ​ 984,853 Products, service and other ​ — ​ ​ 950,247 ​ ​ (1,357) ​ ​ 948,890 Finance and insurance, net ​ — ​ ​ 474,196 ​ ​ (9,935) ​ ​ 464,261 Good Sam Club ​ — ​ ​ 44,299 ​ ​ — ​ ​ 44,299 Total consolidated revenue $ 182,758 ​ $ 5,285,427 ​ $ (21,594) ​ $ 5,446,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2019 ​ Good Sam ​ RV and ​ ​ ​ ​ ​ ​ Services ​ Outdoor ​ Intersegment ​ ​ ​ ($ in thousands) and Plans Retail Eliminations Total Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam services and plans $ 181,526 ​ $ — ​ $ (1,988) ​ $ 179,538 New vehicles ​ — ​ ​ 2,375,477 ​ ​ (5,156) ​ ​ 2,370,321 Used vehicles ​ — ​ ​ 860,032 ​ ​ (2,404) ​ ​ 857,628 Products, service and other ​ — ​ ​ 1,036,439 ​ ​ (1,862) ​ ​ 1,034,577 Finance and insurance, net ​ — ​ ​ 411,035 ​ ​ (9,733) ​ ​ 401,302 Good Sam Club ​ — ​ ​ 48,653 ​ ​ — ​ ​ 48,653 Total consolidated revenue $ 181,526 ​ $ 4,731,636 ​ $ (21,143) ​ $ 4,892,019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2018 ​ Good Sam ​ RV and ​ ​ ​ ​ ​ ​ Services ​ Outdoor ​ Intersegment ​ ​ ​ ($ in thousands) and Plans ​ Retail ​ Eliminations Total Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam services and plans $ 174,641 ​ $ — ​ $ (1,981) ​ $ 172,660 New vehicles ​ — ​ ​ 2,517,978 ​ ​ (5,124) ​ ​ 2,512,854 Used vehicles ​ — ​ ​ 734,108 ​ ​ (2,091) ​ ​ 732,017 Products, service and other ​ — ​ ​ 951,814 ​ ​ (2,431) ​ ​ 949,383 Finance and insurance, net ​ — ​ ​ 394,214 ​ ​ (10,503) ​ ​ 383,711 Good Sam Club ​ — ​ ​ 41,392 ​ ​ — ​ ​ 41,392 Total consolidated revenue $ 174,641 ​ $ 4,639,506 ​ $ (22,130) ​ $ 4,792,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 2018 Segment income (loss): (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 88,288 ​ $ 83,635 ​ $ 81,138 RV and Outdoor Retail ​ ​ 429,950 ​ ​ (42,609) ​ ​ 138,085 Total segment income ​ ​ 518,238 ​ ​ 41,026 ​ ​ 219,223 Corporate & other ​ ​ (9,751) ​ ​ (12,455) ​ ​ (6,821) Depreciation and amortization ​ ​ (51,981) ​ ​ (59,932) ​ ​ (49,322) Other interest expense, net ​ ​ (54,689) ​ ​ (69,363) ​ ​ (63,329) Tax Receivable Agreement liability adjustment ​ ​ 141 ​ ​ 10,005 ​ ​ (1,324) Loss and expense on debt restructure ​ ​ — ​ ​ — ​ ​ (2,056) Income (loss) before income taxes ​ $ 401,958 ​ $ (90,719) ​ $ 96,371 ​ (1) Segment income is defined as income from operations before depreciation and amortization plus floor plan interest expense. The Company has recast certain prior period amounts to conform to the two segments presented in 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 3,474 ​ $ 4,304 ​ $ 3,328 ​ RV and Outdoor Retail ​ ​ 48,507 ​ ​ 55,628 ​ ​ 45,406 ​ Subtotal ​ ​ 51,981 ​ ​ 59,932 ​ ​ 48,734 ​ Corporate & other ​ ​ — ​ ​ — ​ ​ 588 ​ Total depreciation and amortization ​ $ 51,981 ​ $ 59,932 ​ $ 49,322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Other interest expense, net: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 5 ​ $ (1) ​ $ 4 ​ RV and Outdoor Retail ​ ​ 8,081 ​ ​ 8,941 ​ ​ 8,073 ​ Subtotal ​ ​ 8,086 ​ ​ 8,940 ​ ​ 8,077 ​ Corporate & other ​ ​ 46,603 ​ ​ 60,423 ​ ​ 55,252 ​ Total other interest expense, net ​ $ 54,689 ​ $ 69,363 ​ $ 63,329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ($ in thousands) 2020 2019 2018 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 140,825 ​ $ 138,360 ​ $ 146,012 ​ RV and Outdoor Retail ​ ​ 2,881,637 ​ ​ 3,047,652 ​ ​ 2,467,519 ​ Subtotal ​ ​ 3,022,462 ​ ​ 3,186,012 ​ ​ 2,613,531 ​ Corporate & other ​ ​ 233,969 ​ ​ 190,228 ​ ​ 193,156 ​ Total assets ​ $ 3,256,431 ​ $ 3,376,240 ​ $ 2,806,687 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 2,553 ​ $ 2,952 ​ $ 2,477 ​ RV and Outdoor Retail ​ ​ 82,243 ​ ​ 85,405 ​ ​ 251,882 ​ Subtotal ​ ​ 84,796 ​ ​ 88,357 ​ ​ 254,359 ​ Corporate and other ​ ​ 127 ​ ​ (1) ​ ​ — ​ Total capital expenditures ​ $ 84,923 ​ $ 88,356 ​ $ 254,359 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)	23. Quarterly Financial Information (Unaudited) The three months ended December 31, 2020, June 30, 2020 and March 31, 2020 reflect long-lived asset impairments of $6.6 million, $4.4 million, and $1.4 million, respectively, and the three months ended December 31, 2020, September 30, 2020, June 30, 2020 and March 31, 2020 reflect restructuring charges of $6.3 million, $4.6 million, $3.7 million and $3.0 million, respectively, relating to the 2019 Strategic Shift as described in Note 5 — Restructuring and Long-lived Asset Impairment. The three months ended December 31, 2019 and September 30, 2019, reflect long-lived asset impairments of approximately $16.3 million and $50.0 million, respectively, and restructuring charges of $19.5 million and $27.7 million, respectively, relating to the 2019 Strategic Shift as described in Note 5 — Restructuring and Long-lived Asset Impairment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ December 31, ​ September 30, ​ June 30, ​ March 31, ​ December 31, ​ September 30, ​ June 30, ​ March 31, ($ in thousands) 2020 2020 2020 2020 2019 2019 2019 2019 Revenue ​ $ 1,133,820 ​ $ 1,678,753 ​ $ 1,606,745 ​ $ 1,027,273 ​ $ 964,931 ​ $ 1,387,972 ​ $ 1,474,347 ​ $ 1,064,769 Income (loss) from operations ​ ​ 66,497 ​ ​ 193,093 ​ ​ 203,340 ​ ​ 13,265 ​ ​ (66,132) ​ ​ (32,307) ​ ​ 90,304 ​ ​ 16,882 Net income (loss) ​ ​ 40,338 ​ ​ 154,784 ​ ​ 163,222 ​ ​ (14,129) ​ ​ (80,854) ​ ​ (65,263) ​ ​ 52,623 ​ ​ (26,807) Net income (loss) attributable to Camping World Holdings, Inc. ​ ​ 14,378 ​ ​ 58,050 ​ ​ 58,077 ​ ​ (8,160) ​ ​ (28,521) ​ ​ (30,692) ​ ​ 18,017 ​ ​ (19,395) Earnings (loss) per share of Class A common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.34 ​ ​ 1.46 ​ ​ 1.54 ​ ​ (0.22) ​ $ (0.76) ​ ​ (0.82) ​ ​ 0.48 ​ ​ (0.52) Diluted ​ $ 0.34 ​ ​ 1.44 ​ ​ 1.54 ​ ​ (0.22) ​ $ (0.89) ​ ​ (0.82) ​ ​ 0.46 ​ ​ (0.52) ​

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2020
Schedule I - Condensed Financial Information of Registrant
Condensed Financial Information of Registrant	Schedule I: Condensed Financial Information of Registrant Camping World Holdings, Inc. Condensed Balance Sheets (Parent Company Only) (In Thousands Except Share Amounts) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Assets ​ ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 37,355 ​ $ 44,991 Prepaid income taxes and other ​ ​ 4,073 ​ ​ 1,388 Total current assets ​ ​ 41,428 ​ ​ 46,379 ​ ​ ​ ​ ​ ​ ​ Deferred tax asset ​ ​ 163,759 ​ ​ 127,689 Investment in subsidiaries ​ ​ (32,479) ​ ​ (91,879) Total assets ​ $ 172,708 ​ $ 82,189 ​ ​ ​ ​ ​ ​ ​ Liabilities and stockholders' equity ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ Current portion of liabilities under Tax Receivable Agreement ​ $ 8,089 ​ $ 6,563 Total current liabilities ​ ​ 8,089 ​ ​ 6,563 ​ ​ ​ ​ ​ ​ ​ Liabilities under Tax Receivable Agreement, net of current portion ​ ​ 137,845 ​ ​ 108,228 Total liabilities ​ ​ 145,934 ​ ​ 114,791 ​ ​ ​ ​ ​ ​ ​ Commitments and contingencies ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ Stockholders' equity (deficit): ​ ​ ​ ​ ​ ​ Preferred stock, par value $0.01 per share – 20,000,000 shares authorized; none issued and outstanding as of December 31, 2020 and December 31, 2019 ​ ​ — ​ ​ — Class A common stock, par value $0.01 per share – 250,000,000 shares authorized; 43,083,008 issued and 42,226,389 outstanding as of December 31, 2020 and 37,701,584 issued and 37,488,989 outstanding as of December 31, 2019 ​ ​ 428 ​ ​ 375 Class B common stock, par value $0.0001 per share – 75,000,000 shares authorized; 69,066,445 issued as of December 31, 2020 and December 31, 2019; and 45,999,132 and 50,706,629 outstanding as of December 31, 2020 and December 31, 2019 ​ ​ 5 ​ ​ 5 Class C common stock, par value $0.0001 per share – one share authorized, issued and outstanding as of December 31, 2020 and December 31, 2019 ​ ​ — ​ ​ — Additional paid-in capital ​ ​ 63,342 ​ ​ 50,152 Treasury stock, at cost; 572,447 and 0 shares as of December 31, 2020 and December 31, 2019 ​ ​ (15,187) ​ ​ — Retained deficit ​ ​ (21,814) ​ ​ (83,134) Total stockholders' equity (deficit) ​ ​ 26,774 ​ ​ (32,602) Total liabilities and stockholders' equity ​ $ 172,708 ​ $ 82,189 ​ See accompanying Notes to Condensed Financial Information ​ Schedule I: Condensed Financial Information of Registrant (continued) Camping World Holdings, Inc. Condensed Statements of Operations (Parent Company Only) (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 2018 Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany revenue ​ $ 9,660 ​ $ 11,642 ​ $ 7,066 Total revenue ​ ​ 9,660 ​ ​ 11,642 ​ ​ 7,066 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general, and administrative ​ ​ 9,660 ​ ​ 11,642 ​ ​ 7,066 Total operating expenses ​ ​ 9,660 ​ ​ 11,642 ​ ​ 7,066 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss from operations ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other interest expense, net ​ ​ 103 ​ ​ — ​ ​ (15) Tax Receivable Agreement liability adjustment ​ ​ 141 ​ ​ 10,005 ​ ​ (1,324) Equity in net income (loss) of subsidiaries ​ ​ 173,618 ​ ​ (43,317) ​ ​ 39,266 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 173,862 ​ ​ (33,312) ​ ​ 37,927 Income tax expense ​ ​ (51,517) ​ ​ (27,279) ​ ​ (27,529) Net income (loss) ​ $ 122,345 ​ $ (60,591) ​ $ 10,398 ​ See accompanying Notes to Condensed Financial Information ​ Schedule I: Condensed Financial Information of Registrant (continued) Camping World Holdings, Inc. Condensed Statements of Cash Flows (Parent Company Only) (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, ​ 2020 2019 2018 Operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 122,345 ​ $ (60,591) ​ $ 10,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjustments to reconcile net income (loss) to net cash used in operating activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in net (loss) income of subsidiaries ​ ​ (173,618) ​ ​ 43,317 ​ ​ (39,266) Deferred tax expense ​ ​ 6,534 ​ ​ 14,981 ​ ​ 10,908 Tax Receivable Agreement liability adjustment ​ ​ (141) ​ ​ (10,005) ​ ​ 1,324 Change in assets and liabilities, net of acquisitions: ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany receivables ​ ​ — ​ ​ 2,518 ​ ​ (2,518) Prepaid income taxes and other assets ​ ​ (2,685) ​ ​ 7,671 ​ ​ 1,464 Accounts payable and other accrued liabilities ​ ​ — ​ ​ — ​ ​ (44) Payment pursuant to Tax Receivable Agreement ​ ​ (6,563) ​ ​ (9,425) ​ ​ (8,914) Net cash used in operating activities ​ ​ (54,128) ​ ​ (11,534) ​ ​ (26,648) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchases of LLC Interest from CWGS, LLC ​ ​ (4,635) ​ ​ — ​ ​ (271) Return of LLC Interest to CWGS, LLC for funding of treasury stock purchases ​ ​ 21,522 ​ ​ — ​ ​ — Distributions received from CWGS, LLC ​ ​ 107,517 ​ ​ 47,866 ​ ​ 65,940 Net cash provided by investing activities ​ ​ 124,404 ​ ​ 47,866 ​ ​ 65,669 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends paid to Class A common stockholders ​ ​ (61,025) ​ ​ (22,878) ​ ​ (22,697) Proceeds from exercise of stock options ​ ​ 4,635 ​ ​ — ​ ​ 153 Repurchases of Class A common stock to treasury ​ ​ (21,522) ​ ​ — ​ ​ — Disgorgement of short-swing profits by Section 16 officer ​ ​ — ​ ​ — ​ ​ 557 Net cash used in financing activities ​ ​ (77,912) ​ ​ (22,878) ​ ​ (21,987) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Decrease) increase in cash and cash equivalents ​ ​ (7,636) ​ ​ 13,454 ​ ​ 17,034 Cash and cash equivalents at beginning of year ​ ​ 44,991 ​ ​ 31,537 ​ ​ 14,503 Cash and cash equivalents at end of the year ​ $ 37,355 ​ $ 44,991 ​ $ 31,537 ​ See accompanying Notes to Condensed Financial Information ​ Schedule I: Condensed Financial Information of Registrant (continued) Camping World Holdings, Inc. Notes to Condensed Financial Information (Parent Company Only) December 31, 2020 1. Organization Camping World Holdings, Inc. (the “Parent Company”) was formed on March 8, 2016 as a Delaware corporation and is a holding company with no direct operations. The Parent Company's assets consist primarily of cash and cash equivalents, its equity interest in CWGS Enterprises, LLC ("CWGS, LLC”), and certain deferred tax assets. The Parent Company's cash inflows are primarily from cash dividends or distributions and other transfers from CWGS, LLC. The amounts available to the Parent Company to fulfill cash commitments and pay cash dividends on its common stock are subject to certain restrictions in CWGS, LLC’s Senior Secured Credit Facilities. See Note 9 to the consolidated financial statements. 2. Basis of Presentation These condensed parent company financial statements should be read in conjunction with the consolidated financial statements of Camping World Holdings, Inc. and the accompanying notes thereto, included in this Form 10-K. For purposes of this condensed financial information, the Parent Company's interest in CWGS, LLC is recorded based upon its proportionate share of CWGS, LLC's net assets (similar to presenting them on the equity method). The Parent Company is the sole managing member of CWGS, LLC, and pursuant to the Amended and Restated LLC Agreement of CWGS, LLC (the “LLC Agreement”), receives compensation in the form of reimbursements for all costs associated with being a public company. Intercompany revenue consists of these reimbursement payments and is recognized when the corresponding expense to which it relates is recognized. Certain intercompany balances presented in these condensed Parent Company financial statements are eliminated in the consolidated financial statements. For the years ended December 31, 2020, 2019, and 2018, the full amounts of intercompany revenue and equity in net income of subsidiaries in the accompanying Parent Company Statements of Operations were eliminated in consolidation. No intercompany receivable was owed to the Parent Company by CWGS, LLC at December 31, 2020 and 2019. Related party amounts that were not eliminated in the consolidated financial statements include the Parent Company's liabilities under the tax receivable agreement, which totaled $145.9 million and $114.8 million as of December 31, 2020 and 2019, respectively. 3. Commitments and Contingencies The Parent Company is party to a tax receivable agreement with certain holders of common units in CWGS, LLC (the "Continuing Equity Owners") that provides for the payment by the Parent Company to the Continuing Equity Owners of 85% of the amount of any tax benefits that the Parent Company actually realizes, or in some cases are deemed to realize, as a result of certain transactions. See Note 11 to the consolidated financial statements for more information regarding the Parent Company's tax receivable agreement. As described in Note 11 to the consolidated financial statements, amounts payable under the tax receivable agreement are contingent upon, among other things, (i) generation of future taxable income of Camping World Holdings, Inc. over the term of the tax receivable agreement and (ii) future changes in tax laws. As of December 31, 2020 and 2019, liabilities under the tax receivable agreement totaled $145.9 million and $114.8 million, respectively. See Note 13 to the consolidated financial statements for information regarding pending and threatened litigation. Pursuant to the LLC Agreement, the Parent Company receives reimbursements for all costs associated with being a public company, which includes costs of litigation. 4. Stock Repurchase Program During the year ended December 31, 2020, the Parent Company repurchased 811,223 shares of Class A common stock under this program for approximately $21.5 million, including commissions paid, at a weighted average price per share of $26.53, which is recorded as treasury stock on the Parent Company’s balance sheet. This $21.5 million was concurrently funded by CWGS, LLC in exchange for the return of 811,223 common units in CWGS, LLC, which reduced the Parent Company’s ownership interest in CWGS, LLC. Class A common stock held as treasury stock is not considered outstanding. During the year ended December 31, 2020, the Parent Company reissued 238,776 shares of Class A common stock from treasury stock to settle the exercises of stock options and vesting of restricted stock units. See Note 18 to the consolidated financial statements for a further discussion of the stock repurchase program. 5. Statements of Cash Flows Supplemental disclosures of cash flow information are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ Year Ended ​ Year Ended ​ ​ December 31, ​ December 31, ​ December 31, ​ 2020 2019 2018 Cash paid during the period for: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ — ​ $ — ​ $ 15 Income taxes ​ ​ 47,668 ​ ​ 4,235 ​ ​ 14,421 Non-cash financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Par value of Class A common stock issued in exchange for common units in CWGS, LLC ​ ​ 48 ​ ​ — ​ ​ 3 Par value of Class A common stock issued for vested restricted stock units ​ ​ 3 ​ ​ 4 ​ ​ 3 Par value of Class A common stock repurchased for withholding taxes on vested RSUs ​ ​ — ​ ​ (1) ​ ​ (1) ​

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2020
Valuation and Qualifying Accounts
Valuation and Qualifying Accounts	Schedule II: Valuation and Qualifying Accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Additions Charged Charges Balance ​ Beginning Charged to to Other Utilized at End (In Thousands) of Period Expense (1) Accounts (2) (Write-offs) of Period Accounts receivable allowance (3) : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2020 ​ $ 3,717 ​ ​ 1,068 ​ $ (142) ​ $ (1,250) ​ $ 3,393 Year ended December 31, 2019 ​ ​ 4,729 ​ ​ (20) ​ $ 278 ​ $ (1,270) ​ ​ 3,717 Year ended December 31, 2018 (4) ​ ​ 8,659 ​ ​ 2,444 ​ ​ (5,278) ​ ​ (1,096) ​ ​ 4,729 ​ (1) Additions to allowance for doubtful accounts are charged to expense. (2) Additions to cancellations/returns allowances are credited against revenue. (3) Accounts receivable allowance includes the allowance for doubtful accounts and the allowance for cancellations /returns. (4) As a result of the adoption of ASC 606 on January 1, 2018, certain of the Company’s revenue streams are recorded as variable consideration and would no longer be considered to have an allowance for cancellations/returns (see Note 2 — Revenue in Part II, Item 8 of this Form 10-K). This resulted in a charge to other accounts of $5.5 million for the year ended December 31, 2018. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Additions Charged Charges Balance ​ Beginning Charged to to Other Utilized at End (In Thousands) of Period Expense Accounts (1) (Write-offs) of Period Noncurrent other assets allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2020 ​ $ 2,753 ​ $ — ​ $ — ​ $ (2,753) ​ $ — Year ended December 31, 2019 ​ ​ — ​ ​ 2,753 ​ ​ — ​ ​ — ​ ​ 2,753 Year ended December 31, 2018 (2) ​ ​ 7,187 ​ ​ — ​ ​ (7,187) ​ ​ — ​ ​ — (1) Additions to cancellations /returns allowances are credited against revenue. (2) As a result of the adoption of ASC 606 on January 1, 2018, certain of the Company’s revenue streams are recorded as variable consideration and would no longer be considered to have an allowance for cancellations/returns (see Note 2 — Revenue in Part II, Item 8 of this Form 10-K). This resulted in a charge to other accounts of $7.2 million for the year ended December 31, 2018. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax Valuation ​ Tax Valuation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Charged to ​ Credited to ​ Charged ​ Balance ​ Beginning Income Tax Income Tax to Other ​ at End (In Thousands) of Period Provision Provision Accounts (1) of Period Valuation allowance for deferred tax assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2020 ​ $ 266,452 ​ $ 19,058 ​ $ — ​ $ 10,436 ​ $ 295,946 Year ended December 31, 2019 ​ ​ 180,983 ​ ​ 85,903 ​ ​ (434) ​ ​ — ​ ​ 266,452 Year ended December 31, 2018 ​ ​ 132,468 ​ ​ 43,175 ​ ​ — ​ ​ 5,340 ​ ​ 180,983 (1) Amounts charged to additional paid-in capital relating to the outside basis in the investment in CWGS, LLC.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Camping World Holdings, Inc. (“CWH”) and its subsidiaries (collectively, the “Company”), and are presented in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions of the Company and its subsidiaries have been eliminated in consolidation. CWH was formed on March 8, 2016 as a Delaware corporation for the purpose of facilitating an initial public offering (the “IPO”) and other related transactions in order to carry on the business of CWGS Enterprises, LLC (“CWGS, LLC”). CWGS, LLC was formed in March 2011 when it received, through contribution from its then parent company, all of the membership interests of Affinity Group Holding, LLC and FreedomRoads Holding Company, LLC (“FreedomRoads”). The IPO and related reorganization transactions that occurred on October 6, 2016 resulted in CWH as the sole managing member of CWGS, LLC, with CWH having sole voting power in and control of the management of CWGS, LLC (see Note 18 — Stockholders’ Equity). Despite its position as sole managing member of CWGS, LLC, CWH has a minority economic interest in CWGS, LLC. As of December 31, 2020, 2019, and 2018, CWH owned 47.4%, 42.0% and 41.9%, respectively, of CWGS, LLC. Accordingly, the Company consolidates the financial results of CWGS, LLC and reports a non-controlling interest in its consolidated financial statements. The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its consolidated financial statements.
COVID-19	COVID-19 A novel strain of coronavirus was declared a pandemic by the World Health Organization in March 2020. To date, COVID-19 has surfaced in nearly all regions of the world and resulted in travel restrictions and business slowdowns or shutdowns in affected areas. Many affected areas have begun the process of easing restrictions and reopening certain businesses often under new operating guidelines, although new waves of infection may lead to an increase in such restrictions or closures. In conjunction with the stay-at-home and shelter-in-place restrictions enacted in many areas, the Company saw significant sequential declines in its overall customer traffic levels and its overall revenues from the mid-March to mid-to-late April 2020 timeframe. In the latter part of April, the Company began to see a significant improvement in its online web traffic levels and number of electronic leads, and in early May, the Company began to see improvements in its overall revenue levels. As the stay-at-home restrictions began to ease across certain areas of the country, the Company experienced significant acceleration in its in-store and online traffic, lead generation, and revenue trends in May continuing throughout the remainder of 2020 and early indications appear to show favorable trends continuing into 2021. In order to offset the initially expected adverse impact of COVID-19 and better align expenses with reduced sales in the middle of March 2020 and early April 2020, the Company temporarily reduced salaries and hours throughout the business, including for its executive officers, and implemented headcount and other cost reductions. Most of these temporary salary reductions ended in May 2020 as the adverse impacts of the pandemic began to decline and the Company increased hours for certain employees and reinstated many positions from the initial headcount reductions as the demand for the Company’s products increased. The Company also negotiated lease payment deferrals with numerous landlords amounting to approximately $14.0 million from 2020 into 2021. As demand for all products accelerated and the Company’s cash position improved, the Company repaid these rent deferrals in full prior to June 30, 2020. The Company has also taken steps to add new private label lines, expand its relationships with smaller recreational vehicle (“RV”) manufacturers, and acquire used inventory from distressed sellers to help manage risks in its supply chain. Throughout the pandemic, the majority of the Company’s retail locations have continued to operate as essential businesses and the Company has continued to operate its e-commerce business. As a consequence of COVID-19, the Company had held fewer consumer shows and events during 2020 than in 2019. Since March 2020, the Company has implemented preparedness plans to keep its employees and customers safe, which include social distancing, providing employees with face coverings and/or other protective clothing as required, implementing additional cleaning and sanitization routines, and work-from-home directives for a significant portion of the Company’s workforce.
Description of the Business	Description of the Business Camping World Holdings, Inc., together with its subsidiaries, is America’s largest retailer of RVs and related products and services. As noted above, CWGS, LLC is a holding company and operates through its subsidiaries. The Company has the following two reportable segments: (i) Good Sam Services and Plans and (ii) RV and Outdoor Retail. Within the Good Sam Services and Plans segment, the Company primarily derives revenue from the sale of the following offerings: emergency roadside assistance plans; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing assistance; consumer shows and events; and consumer publications and directories. Within the RV and Outdoor Retail segment, the Company primarily derives revenue from the sale of new and used RVs; commissions on the finance and insurance contracts related to the sale of RVs; the sale of RV services and maintenance work; the sale of RV parts, accessories, and supplies; the sale of outdoor products, equipment, gear and supplies; business to business distribution of RV furniture, and the sale of Good Sam Club memberships and co-branded credit cards. The Company operates a national network of RV dealerships and service centers as well as a comprehensive e-commerce platform, primarily under the Camping World and Gander RV & Outdoors brands, and markets its products and services primarily to RV and outdoor enthusiasts. In 2019, the Company made a strategic decision to refocus its business around its core RV competencies, and on September 3, 2019, the board of directors approved a strategic plan to shift the business away from locations that did not have the ability or where it was not feasible to sell and/or service RVs (the “2019 Strategic Shift”) (see Note 5 – Restructuring and Long-lived Asset Impairment). This resulted in the sale, closure or divestiture of 34 non-RV retail stores and the liquidation of approximately $108 million of non-RV related inventory in 2019. The table below summarizes the Company’s retail store openings, closings, divestitures, conversions and number of locations from December 31, 2019 to December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RV RV Service & Other ​ ​ ​ Dealerships Retail Centers Retail Stores Total Number of store locations as of December 31, 2019 ​ 154 ​ 11 ​ 10 ​ 175 Opened ​ 9 ​ — ​ — ​ 9 Closed / divested ​ (3) ​ — ​ (8) ​ (11) Temporarily closed (1) ​ (2) ​ — ​ — ​ (2) Converted ​ 2 ​ (1) ​ (1) ​ — Number of store locations as of December 31, 2020 ​ 160 ​ 10 ​ 1 ​ 171 (1) These locations are temporarily closed in response to the COVID-19 pandemic.
Use of Estimates	Use of Estimates The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from those estimates. In preparing these financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. The Company bases its estimates and judgments on historical experience and other assumptions that management believes are reasonable. However, application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties, including those uncertainties arising from COVID-19, and, as a result, actual results could differ materially from these estimates. The Company periodically evaluates estimates and assumptions used in the preparation of the financial statements and makes changes on a prospective basis when adjustments are necessary. Significant estimates made in the accompanying consolidated financial statements include certain assumptions related to accounts receivable, inventory, goodwill, intangible assets, long-lived assets, long-lived asset impairments, program cancellation reserves, chargebacks, and accruals related to estimated tax liabilities, product return reserves, and other liabilities.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term, highly liquid investments purchased with an original maturity date of three months or less to be cash equivalents. The carrying amount approximates fair value because of the short-term maturity of these instruments. Outstanding checks that are in excess of the cash balances at certain banks are included in accrued liabilities in the consolidated balance sheets, and changes in the amounts are reflected in operating cash flows in the accompanying consolidated statement of cash flows.
Contracts in Transit	Contracts in Transit, Accounts Receivable and Current Expected Credit Losses Contracts in transit consist of amounts due from non-affiliated financing institutions on retail finance contracts from vehicle sales for the portion of the vehicle sales price financed by the Company’s customers. These retail installment sales contracts are typically funded within ten days of the initial approval of the retail installment sales contract by the third-party lender. Accounts receivable are stated at realizable value, net of an allowance for doubtful accounts, which includes a reserve for expected credit losses. Accounts receivable balances due in excess of one year was $8.2 million at December 31, 2020 and $8.6 million at December 31, 2019, which are included in other assets in the consolidated balance sheets. The allowance for doubtful accounts is based on management’s assessment of the collectability of its customer accounts. The Company regularly reviews the composition of the accounts receivable aging, historical bad debts, changes in payment patterns, customer creditworthiness, current economic trends, and reasonable and supportable forecasts about the future. Relevant risk characteristics include customer size and historical loss patterns. Management has evaluated the expected credit losses related to contracts in transit and determined that no allowance for doubtful accounts was required at December 31, 2020. No allowance for doubtful accounts related to contracts in transit was required at December 31, 2019. Management additionally has evaluated the expected credit losses related to accounts receivable and determined that allowances of approximately $3.4 million as of December 31, 2020 and $3.5 million as of December 31, 2019 for uncollectible accounts were required. The following table details the changes in the allowance for doubtful accounts (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ December 31, ​ 2020 2019 Allowance for doubtful accounts: ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 3,537 ​ $ 4,481 Charged to bad debt expense ​ ​ 1,068 ​ ​ (20) Deductions (1) ​ ​ (1,212) ​ ​ (924) Balance, end of period ​ $ 3,393 ​ $ 3,537 (1) These amounts primarily relate to the write off of uncollectable accounts after collection efforts have been exhausted.
Concentration of Credit Risk	Concentration of Credit Risk The Company’s most significant industry concentration of credit risk is with financial institutions from which the Company has recorded receivables and contracts in transit. These financial institutions provide financing to the Company’s customers for the purchase of a vehicle in the normal course of business. These receivables are short-term in nature and are from various financial institutions located throughout the United States. The Company has cash deposited in various financial institutions that is in excess of the insurance limits provided by the Federal Deposit Insurance Corporation. The amount in excess of FDIC limits at December 31, 2020 and 2019 was approximately $188.1 million and $149.9 million, respectively. The Company is potentially subject to concentrations of credit risk in accounts receivable. Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers and their geographic dispersion.
Inventories, net	Inventories, net New and used RV inventories consist primarily of new and used recreational vehicles held for sale valued using the specific-identification method and valued at the lower of cost or net realizable value. Cost includes purchase costs, reconditioning costs, dealer-installed accessories, and freight. For vehicles accepted in trades, the cost is the fair value of such used vehicles at the time of the trade-in. Products, parts, accessories, and other inventories primarily consist of retail travel and leisure specialty merchandise and are stated at lower of cost or net realizable value. The cost of RV and Outdoor Retail inventories primarily consists of the direct cost of the merchandise including freight. A portion of the products, parts, accessories and other inventory includes capitalized labor relating to assembly.
Property and Equipment, net	Property and Equipment, net Property and equipment is recorded at historical cost, net of accumulated depreciation and amortization, and, if applicable, impairment charges. Depreciation of property and equipment is provided using the straight-line method over the following estimated useful lives of the assets: ​ ​ ​ ​ ​ Years Building and improvements ​ 40 Leasehold improvements ​ 3 - 40 Furniture, fixtures and equipment ​ 3 - 12 Software ​ 3 - 5 ​ Leasehold improvements are amortized over the useful lives of the assets or the remaining term of the respective lease, whichever is shorter.
Leases	Leases After the adoption of Accounting Standards Codification (“ASC”) 842, Leases (“ASC 842”) on January 1, 2019 the Company recognizes a right-of-use (“ROU”) asset and a lease liability on the balance sheet for operating leases (with the exception of short-term leases based on the practical expedient elected by the Company) at the commencement date, in addition to finance leases that were previously also required to be recognized on the balance sheet, and recognizes expenses on the income statement in a similar manner to the previous guidance in ASC 840, Leases (“ASC 840”) (see Note 10 — Lease Obligations).
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill is reviewed at least annually for impairment, and more often when impairment indicators are present (see Note 7 – Goodwill and Intangible Assets). Finite-lived intangibles are recorded at cost, net of accumulated amortization and, if applicable, impairment charges.
Long-Lived Assets	Long-Lived Assets Long lived assets are included in property and equipment, which also includes capitalized software costs to be held and used. For the Company’s major software systems, such as its accounting and membership systems, its capitalized costs may include some internal or external costs to configure, install and test the software during the application development stage. The Company does not capitalize preliminary project costs, nor does it capitalize training, data conversion costs, maintenance or post development stage costs. The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company’s long-lived asset groups exist predominantly at the individual location level and the associated impairment analysis involves the comparison of an asset group’s estimated future undiscounted cash flows over its remaining useful life to its respective carrying value, which primarily includes furniture, equipment, leasehold improvements, and operating lease assets. For long-lived asset groups identified with carrying values not recoverable by future undiscounted cash flows, impairment charges are recognized to the extent the sum of the discounted future cash flows from the use of the asset group is less than the carrying value. The impairment charge is allocated to the individual long-lived assets within an asset group; however, an individual long-lived asset is not impaired below its individual fair value, if readily determinable. The measurement of any impairment loss includes estimation of the fair value of the asset group’s respective operating lease assets, which includes estimates of market rental rates based on comparable lease transactions.
Long-Term Debt	Long-Term Debt The fair value of the Company’s long-term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered for debt of the same or similar remaining maturities.
Revenue Recognition	Revenue Recognition Revenues are recognized by the Company when control of the promised goods or services is transferred to its customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Sales and other taxes collected from the customer concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative stand-alone selling price. The Company generally determines stand-alone selling prices based on the prices charged to customers or using the adjusted market assessment approach. The Company presents disaggregated revenue on its consolidated statements of operations. Good Sam Services and Plans revenue consists of revenue from publications, consumer shows, and marketing fees from various consumer services and plans. Roadside Assistance (“RA”) revenues are deferred and recognized over the contractual life of the membership. RA claim expenses are recognized when incurred. Marketing fees for finance, insurance, extended service and other similar products are recognized as variable consideration, net of estimated cancellations, if applicable, when a product contract payment has been received or financing has been arranged. These marketing fees are recorded net as the Company acts as an agent in the transaction. The related estimate for cancellations on the marketing fees for multi-year finance and insurance products utilize actuarial analysis to estimate the exposure. Promotional expenses consist primarily of direct mail advertising expenses and renewal expenses and are expensed at the time related materials are mailed. Newsstand sales of publications and related expenses are recorded as variable consideration at the time of delivery, net of estimated returns. Subscription sales of publications are reflected in income over the lives of the subscriptions. The related selling expenses are expensed as incurred. Advertising revenues and related expenses are recorded at the time of delivery. Revenue and related expenses for consumer shows are recognized when the show occurs. RV vehicle revenue consists of sales of new and used recreational vehicles, sales of RV parts and services, and commissions on the related finance and insurance contracts. Revenue from the sale of recreational vehicles is recognized upon completion of the sale to the customer. Conditions to completing a sale include having an agreement with the customer, including pricing, whereby the sales price must be reasonably expected to be collected and having control transferred to the customer. Revenue from RV-related parts, service and other products sales is recognized over time as work is completed, and when parts or other products are delivered to the Company’s customers. For service and parts revenues recorded over time, the Company utilizes a method that considers total costs incurred to date and the applicable margin in relation to total expected efforts to complete our performance obligation in order to determine the appropriate amount of revenue to recognize over time. Finance and insurance revenue is recorded net, since the Company is acting as an agent in the transaction, and is recognized when a finance and insurance product contract payment has been received or financing has been arranged. The proceeds the Company receives for arranging financing contracts, selling extended service contracts, and selling other products, are subject to chargebacks if the customer terminates the respective contract earlier than a stated period. In the case of insurance and service contracts, the stated period typically extends from one to five years with the refundable commission balance declining over the contract term. These proceeds are recorded as variable consideration, net of estimated chargebacks. Chargebacks are estimated based on ultimate future cancellation rates by product type and year sold using a combination of actuarial methods and leveraging the Company’s historical experience from the past eight years , adjusted for new consumer trends. The chargeback liabilities included in the estimate of variable consideration totaled $58.9 million and $48.3 million as of December 31, 2020 and December 31, 2019, respectively. The remaining RV and Outdoor retail revenue consists of sales of products, service and other products, including RV accessories and supplies, RV furniture, camping, hunting, fishing, skiing, snowboarding, bicycling, skateboarding, marine and watersport equipment and supplies. Revenue from products, service and other is recognized over time as work is completed, and when parts or other products are delivered to the Company’s customers. For service and parts revenues recorded over time, the Company utilizes a method that considers total costs incurred to date and the applicable margin in relation to total expected efforts to complete our performance obligation in order to determine the appropriate amount of revenue to recognize over time. E-commerce sales are recognized when the product is shipped and recorded as variable consideration, net of anticipated merchandise returns which reduce revenue and cost of sales in the period that the related sales are recorded. Good Sam Club revenue consists of revenue from club membership fees and royalty fees from co-branded credit cards. Membership revenue is generated from annual, multiyear and lifetime memberships. The revenue and expenses associated with these memberships are deferred and amortized over the membership period. Unearned revenue and profit are subject to revisions as the membership progresses to completion. Revisions to membership period estimates would change the amount of income and expense amortized in future accounting periods. For lifetime memberships, an 18-year period is used, which is the actuarially determined estimated fulfillment period. Royalty revenue is earned under the terms of an arrangement with a third-party credit card provider based on a percentage of the Company’s co-branded credit card portfolio retail spending with such third-party credit card provider and for acquiring new cardholders. The Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period of time between payment and transfer of the promised goods or services will be one year or less. The Company expenses sales commissions when incurred in cases where the amortization period of those otherwise capitalized sales commissions would have been one year or less. The Company does not disclose the value of unsatisfied performance obligations for revenue streams for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed. The Company accounts for shipping and handling as activities to fulfill the promise to transfer the good to the customer and does not evaluate whether shipping and handling is a separate performance obligation. Parts and Service Internal Profit The Company’s parts and service departments recondition the majority of used vehicles acquired by the Company’s used vehicle departments and perform minor preparatory work on new vehicles acquired by the Company’s new vehicle departments. The parts and service departments charge the new and used vehicle departments as if they were third parties in order to account for total activity performed by that department. The revenue and costs applicable to revenue associated with the internal work performed by the Company’s parts and service departments are eliminated in consolidation. The Company maintains a reserve for internal work order profits on vehicles that remain in inventories.
Advertising expense/Vendor Allowances and Shipping and Handling Fees and Costs	Advertising Expense Advertising expenses are expensed as incurred. Advertising expenses for the years ended December 31, 2020, 2019 and 2018 were $96.3 million, $117.8 million and $112.4 million, respectively. Vendor Allowances As a component of the Company’s consolidated procurement program, the Company frequently enters into contracts with vendors that provide for payments of rebates or other allowances. These vendor payments are reflected in the carrying value of the inventory when earned or as progress is made toward earning the rebate or allowance and as a component of cost of sales as the inventory is sold. Certain of these vendor contracts provide for rebates and other allowances that are contingent upon the Company meeting specified performance measures such as a cumulative level of purchases over a specified period of time. Such contingent rebates and other allowances are given accounting recognition at the point at which achievement of the specified performance measures are deemed to be probable and reasonably estimable. Shipping and Handling Fees and Costs The Company reports shipping and handling costs billed to customers as a component of revenues, and related costs are reported as a component of costs applicable to revenues. For the years ended December 31, 2020, 2019, and 2018, $8.2 million, $6.2 million, and $4.9 million of shipping and handling fees, respectively, were included in the RV and Outdoor Retail segment as revenue.
Income Taxes	Income Taxes The Company recognizes deferred tax assets and liabilities based on the asset and liability method, which requires an adjustment to the deferred tax asset or liability to reflect income tax rates currently in effect. When income tax rates increase or decrease, a corresponding adjustment to income tax expense is recorded by applying the rate change to the cumulative temporary differences. The Company recognizes the tax benefit from an uncertain tax position in accordance with accounting guidance on accounting for uncertainty in income taxes. The Company classifies interest and penalties relating to income taxes as income tax expense. See Note 11 — Income Taxes for additional information.
Recently Adopted and Issued Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). This standard requires the use of a forward-looking expected loss impairment model for trade and other receivables, held-to-maturity debt securities, loans and other instruments. This standard also requires impairments and recoveries for available-for-sale debt securities to be recorded through an allowance account and revises certain disclosure requirements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements, which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted ASU 2016-13 on January 1, 2020 and the adoption did not materially impact its condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”). This standard aligns the accounting for implementation costs incurred in a cloud computing arrangement that is a service arrangement (i.e., hosting arrangement) with the guidance on capitalizing costs in ASC 350-40, Internal-Use Software. The ASU permits either a prospective or retrospective transition approach. The standard will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted ASU 2018-15 on January 1, 2020 using the prospective transition approach and the adoption did not materially impact its condensed consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”). This standard, effective for reporting periods through December 31, 2022, provides accounting relief for contract modifications that replace an interest rate impacted by reference rate reform (e.g., London Interbank Offered Rate (“LIBOR”)) with a new alternative reference rate. The guidance is applicable to investment securities, receivables, loans, debt, leases, derivatives and hedge accounting elections and other contractual arrangements. The Company adopted ASU 2020-04 as of January 1, 2020 and the adoption did not materially impact its condensed consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). This standard reduces complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. This standard also simplifies accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The ASU permits either a retrospective basis or a modified retrospective transition approach. The Company does not expect that the adoption of the provisions of this ASU will have a material impact on its consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Schedule of store locations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RV RV Service & Other ​ ​ ​ Dealerships Retail Centers Retail Stores Total Number of store locations as of December 31, 2019 ​ 154 ​ 11 ​ 10 ​ 175 Opened ​ 9 ​ — ​ — ​ 9 Closed / divested ​ (3) ​ — ​ (8) ​ (11) Temporarily closed (1) ​ (2) ​ — ​ — ​ (2) Converted ​ 2 ​ (1) ​ (1) ​ — Number of store locations as of December 31, 2020 ​ 160 ​ 10 ​ 1 ​ 171 (1) These locations are temporarily closed in response to the COVID-19 pandemic.
Schedule of allowance for doubtful accounts	The following table details the changes in the allowance for doubtful accounts (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ December 31, ​ 2020 2019 Allowance for doubtful accounts: ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 3,537 ​ $ 4,481 Charged to bad debt expense ​ ​ 1,068 ​ ​ (20) Deductions (1) ​ ​ (1,212) ​ ​ (924) Balance, end of period ​ $ 3,393 ​ $ 3,537 (1) These amounts primarily relate to the write off of uncollectable accounts after collection efforts have been exhausted.
Schedule of Property and Equipment, estimated useful lives of the assets	​ ​ ​ ​ ​ Years Building and improvements ​ 40 Leasehold improvements ​ 3 - 40 Furniture, fixtures and equipment ​ 3 - 12 Software ​ 3 - 5

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue
Summary of total unsatisfied performance obligation for these revenue streams, that the Company expects to recognize the amounts as revenue	The total unsatisfied performance obligation for these revenue streams at December 31, 2020 and the periods during which the Company expects to recognize the amounts as revenue are presented as follows (in thousands): ​ ​ ​ ​ ​ ​ As of ​ December 31, 2020 2021 $ 88,213 2022 ​ ​ 29,472 2023 ​ ​ 15,797 2024 ​ ​ 7,707 2025 ​ ​ 4,083 Thereafter ​ ​ 4,460 Total ​ $ 149,732 ​ ​ ​ ​

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables
Summary of receivables	Receivables consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ Good Sam Services and Plans ​ $ 11,837 ​ $ 20,195 ​ RV and Outdoor Retail ​ ​ ​ ​ ​ ​ ​ New and used vehicles ​ ​ 6,836 ​ ​ 2,295 ​ Parts, service and other ​ ​ 26,437 ​ ​ 23,199 ​ Trade accounts receivable ​ ​ 16,289 ​ ​ 15,715 ​ Due from manufacturers ​ ​ 17,778 ​ ​ 17,642 ​ Other ​ ​ 7,611 ​ ​ 5,782 ​ Corporate ​ ​ 27 ​ ​ 556 ​ ​ ​ ​ 86,815 ​ ​ 85,384 ​ Allowance for doubtful accounts ​ ​ (3,393) ​ ​ (3,537) ​ ​ ​ $ 83,422 ​ $ 81,847 ​

Inventories, net and Notes Pa_2

Inventories, net and Notes Payable - Floor Plan, net (Tables)	12 Months Ended
	Dec. 31, 2020
Inventories, net and Notes Payable - Floor Plan, net
Schedule of inventories	Inventories consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Good Sam services and plans ​ $ 109 ​ $ 590 New RVs ​ ​ 691,114 ​ ​ 966,134 Used RVs ​ ​ 178,336 ​ ​ 165,927 Products, parts, accessories and other ​ ​ 266,786 ​ ​ 225,888 ​ ​ $ 1,136,345 ​ $ 1,358,539
Schedule of outstanding amounts and available borrowing	The following table details the outstanding amounts and available borrowings under the Floor Plan Facility as of December 31, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Floor Plan Facility: ​ ​ ​ ​ ​ ​ Notes payable — ​ ​ ​ ​ ​ ​ Total commitment ​ $ 1,379,750 ​ $ 1,379,750 Less: borrowings, net ​ ​ (522,455) ​ ​ (848,027) Less: flooring line aggregate interest reduction account ​ ​ (133,639) ​ ​ (87,016) Additional borrowing capacity ​ ​ 723,656 ​ ​ 444,707 Less: accounts payable for sold inventory ​ ​ (28,980) ​ ​ (27,892) Less: purchase commitments ​ ​ (39,121) ​ ​ (8,006) Unencumbered borrowing capacity ​ $ 655,555 ​ $ 408,809 ​ ​ ​ ​ ​ ​ ​ Revolving line of credit ​ $ 48,000 ​ $ 60,000 Less: borrowings ​ ​ (20,885) ​ ​ (40,885) Additional borrowing capacity ​ $ 27,115 ​ $ 19,115 ​ ​ ​ ​ ​ ​ ​ Letters of credit: ​ ​ ​ ​ ​ ​ Total commitment ​ $ 15,000 ​ $ 15,000 Less: outstanding letters of credit ​ ​ (11,732) ​ ​ (11,175) Additional letters of credit capacity ​ $ 3,268 ​ $ 3,825 ​ ​ ​ ​ ​ ​ ​

Restructuring and Long-lived _2

Restructuring and Long-lived Asset Impairment (Tables)	12 Months Ended
	Dec. 31, 2020
Restructuring and Long-lived Asset Impairment
Schedule of expenses associated with the 2019 Strategic Shift	The following table details the costs incurred associated with the 2019 Strategic Shift (in thousands): ​ ​ ​ ​ ​ ​ ​ Year Ended ​ December 31, 2020 December 31, 2019 Restructuring costs: ​ ​ ​ ​ ​ One-time termination benefits (1) $ 231 ​ $ 1,008 Lease termination costs (2) ​ 4,432 ​ ​ 55 Incremental inventory reserve charges (3) ​ 543 ​ ​ 41,894 Other associated costs (4) ​ 16,835 ​ ​ 4,321 Total restructuring costs $ 22,041 ​ $ 47,278 (1) These costs incurred in 2020 were primarily included in costs applicable to revenues – products, service and other in the consolidated statements of operations. These costs incurred in 2019 were primarily included in selling, general and administrative expenses 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, net of any gain from derecognition of the related operating lease assets and liabilities. (3) These costs were included in costs applicable to revenue – products, service and other in the consolidated statements of operations. (4) 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. For the years ended December 31, 2020 and 2019, costs of approximately $0.4 million and $0.6 million, respectively, were included in costs applicable to revenue – products, service and other, and $16.4 million and $3.7 million, respectively, were included in selling, general, and administrative expenses in the consolidated statements of operations.
Schedule of changes in the restructuring accrual associated with the 2019 Strategic Shift	The following table details changes in the restructuring accrual associated with the 2019 Strategic Shift (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-time Lease Other ​ ​ Termination Termination Associated ​ ​ Benefits Costs (1) Costs Total Balance at June 30, 2019 ​ $ — ​ $ — ​ $ — ​ $ — Charged to expense ​ ​ 1,008 ​ ​ 1,350 ​ ​ 4,321 ​ ​ 6,679 Paid or otherwise settled ​ ​ (286) ​ ​ (1,350) ​ ​ (4,036) ​ ​ (5,672) Balance at December 31, 2019 ​ ​ 722 ​ ​ — ​ ​ 285 ​ ​ 1,007 Charged to expense ​ ​ 231 ​ ​ 10,532 ​ ​ 16,835 ​ ​ 27,598 Paid or otherwise settled ​ ​ (953) ​ ​ (10,532) ​ ​ (16,346) ​ ​ (27,831) Balance at December 31, 2020 ​ $ — ​ $ — ​ $ 774 ​ $ 774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Lease termination costs excludes the $1.3 million and the $6.1 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 six months ended December 31, 2019 and for the year ended December 31, 2020, respectively.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2020
Property and Equipment, net
Property and Equipment, net	Property and equipment consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ ​ 2020 ​ 2019 ​ Land ​ $ 47,780 ​ $ 36,069 ​ Buildings and improvements ​ ​ 99,739 ​ ​ 64,860 ​ Leasehold improvements (1) ​ ​ 210,396 ​ ​ 174,417 ​ Furniture and equipment ​ ​ 180,191 ​ ​ 181,539 ​ Software ​ ​ 73,256 ​ ​ 67,086 ​ Software systems development and construction in progress ​ ​ 11,560 ​ ​ 8,632 ​ ​ ​ ​ 622,922 ​ ​ 532,603 ​ Less: accumulated depreciation and amortization ​ ​ (255,024) ​ ​ (218,229) ​ Property and equipment, net ​ $ 367,898 ​ $ 314,374 ​

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets
Changes in goodwill by business line	The following is a summary of changes in the Company’s goodwill by business line for the years ended December 31, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam ​ ​ ​ ​ ​ ​ ​ Services and ​ RV and ​ ​ ​ ​ Plans Outdoor Retail Consolidated Balance as of January 1, 2019 (excluding impairment charges) ​ $ 97,204 ​ $ 503,750 ​ $ 600,954 Accumulated impairment charges ​ ​ (46,884) ​ ​ (194,953) ​ ​ (241,837) Balance as of January 1, 2019 ​ ​ 50,320 ​ ​ 308,797 ​ ​ 359,117 Acquisitions (1) ​ ​ — ​ ​ 28,224 ​ ​ 28,224 Transfers of assets between reporting units ​ ​ (26,491) ​ ​ 26,491 ​ ​ — Divestitures (2) ​ ​ — ​ ​ (400) ​ ​ (400) Balance as of December 31, 2019 ​ ​ 23,829 ​ ​ 363,112 ​ ​ 386,941 Acquisitions (1)(3) ​ ​ — ​ ​ 26,182 ​ ​ 26,182 Balance as of December 31, 2020 ​ $ 23,829 ​ $ 389,294 ​ $ 413,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Represents measurement period adjustments relating to prior period acquisitions (see Note 15 — Acquisitions). (2) Goodwill was allocated to 13 specialty retail locations within the RV and Outdoor Retail segment based on relative fair value. These 13 specialty retail locations were divested in 2019. (3) Represents current period acquisitions (see Note 15 — Acquisitions). ​
Finite-lived intangible assets and related accumulated amortization	Finite-lived intangible assets and related accumulated amortization consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Cost or ​ Accumulated ​ ​ ​ ​ Fair Value Amortization Net Good Sam Services and Plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Membership and customer lists ​ $ 9,140 ​ $ (8,568) ​ $ 572 RV and Outdoor Retail: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and domain names ​ ​ 3,476 ​ ​ (1,930) ​ ​ 1,546 Supplier lists ​ ​ 1,696 ​ ​ (85) ​ ​ 1,611 Trademarks and trade names ​ ​ 29,564 ​ ​ (6,681) ​ ​ 22,883 Websites ​ ​ 6,140 ​ ​ (2,630) ​ ​ 3,510 ​ ​ $ 50,016 ​ $ (19,894) ​ $ 30,122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Cost or ​ Accumulated ​ ​ ​ ​ Fair Value Amortization Net Good Sam Services and Plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Membership and customer lists ​ $ 9,140 ​ $ (7,972) ​ $ 1,168 RV and Outdoor Retail: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer lists and domain names ​ ​ 2,065 ​ ​ (1,768) ​ ​ 297 Trademarks and trade names ​ ​ 28,955 ​ ​ (4,862) ​ ​ 24,093 Websites ​ ​ 5,990 ​ ​ (1,841) ​ ​ 4,149 ​ ​ $ 46,150 ​ $ (16,443) ​ $ 29,707 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amortization of finite lived intangibles assets	The aggregate future five-year amortization of finite-lived intangibles at December 31, 2020, was as follows (in thousands): ​ ​ ​ ​ ​ ​ 2021 $ 3,686 ​ 2022 ​ ​ 3,491 ​ 2023 ​ ​ 3,184 ​ 2024 ​ ​ 3,143 ​ 2025 ​ ​ 2,908 ​ Thereafter ​ ​ 13,710 ​ ​ ​ $ 30,122 ​

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Accrued Liabilities
Schedule Of Accrued liabilities	Accrued liabilities consisted of the following at December 31, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Compensation and benefits (1) ​ $ 43,787 ​ $ 31,743 Other accruals ​ ​ 93,901 ​ ​ 98,573 ​ ​ $ 137,688 ​ $ 130,316 ​ ​ ​ ​ ​ ​ ​

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Long-Term Debt
Long-Term debt	The following reflects outstanding long-term debt as of December 31 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Term Loan Facility (1) ​ $ 1,130,356 ​ $ 1,148,115 Finance Lease Liabilities (2) ​ ​ 29,982 ​ ​ — Real Estate Facility (3) ​ ​ 4,493 ​ ​ 19,521 Subtotal ​ ​ 1,164,831 ​ ​ 1,167,636 Less: current portion ​ ​ (14,414) ​ ​ (14,085) Total ​ $ 1,150,417 ​ $ 1,153,551 ​ ​ ​ ​ ​ ​ ​ (1) Net of $3.2 million and $4.3 million of original issue discount at December 31, 2020 and 2019, respectively, and $7.9 million and $ 10.7 million of finance costs at December 31, 2020 and 2019, respectively. (2) Consists of three real estate parcels with long-term leases and IT equipment contracts, which contain lease components that extend through the majority of the useful life of the asset. Certain IT equipment contracts also contain purchase options at the end of the term, which are likely to be exercised (see Note 10 – Lease Obligations). (3) Net of $0.2 million of finance costs at December 31, 2019. Finance costs at December 31, 2020 were not significant.
Schedule of Aggregate Maturities of Long-term Debt	The aggregate future maturities of long-term debt at December 31, 2020, were as follows (in thousands): ​ ​ ​ ​ ​ Long-term debt instruments ​ ​ 2021 $ 12,174 ​ 2022 ​ ​ 12,176 ​ 2023 ​ ​ 1,121,697 ​ Subtotal ​ ​ 1,146,047 ​ Finance Leases (1) ​ ​ 29,982 ​ Total ​ $ 1,176,029 ​ ​ ​ ​ ​ ​ (1) Current portion of finance leases was $2.2 million at December 31, 2020. See Note 10 - Lease Obligation.
Schedule of outstanding amounts and available borrowings under the Senior Secured Credit Facilities	As of December 31, 2020, the average interest rate on the Term Loan Facility was 3.50%. The following table details the outstanding amounts and available borrowings under the Senior Secured Credit Facilities as of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2020 2019 Senior Secured Credit Facilities: ​ ​ ​ ​ ​ ​ Term Loan Facility: ​ ​ ​ ​ ​ ​ Principal amount of borrowings ​ $ 1,195,000 ​ $ 1,195,000 Less: cumulative principal payments ​ ​ (53,459) ​ ​ (31,898) Less: unamortized original issue discount ​ ​ (3,241) ​ ​ (4,320) Less: finance costs ​ ​ (7,944) ​ ​ (10,667) ​ ​ ​ 1,130,356 ​ ​ 1,148,115 Less: current portion ​ ​ (11,891) ​ ​ (11,991) Long-term debt, net of current portion ​ $ 1,118,465 ​ $ 1,136,124 Revolving Credit Facility: ​ ​ ​ ​ ​ ​ Total commitment ​ $ 35,000 ​ $ 35,000 Less: outstanding letters of credit ​ ​ (5,930) ​ ​ (4,112) Less: availability reduction due to Total Leverage Ratio ​ ​ — ​ ​ (21,622) Additional borrowing capacity ​ $ 29,070 ​ $ 9,266 ​ ​ ​ ​ ​ ​ ​

Lease Obligations (Tables)

Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2020
Lease Obligations
Schedule financial statement line items of lease assets and lease liabilities	The following presents components of lease assets and lease liabilities, and the associated financial statement line items ($ in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, Lease Assets and Liabilities ​ Financial Statement Line Items ​ 2020 ​ 2019 Operating lease assets ​ Operating lease assets ​ $ 769,487 ​ $ 807,537 Finance lease assets ​ Property and equipment, net ​ ​ 29,756 ​ ​ — Total lease assets, net ​ ​ ​ $ 799,243 ​ $ 807,537 ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease liabilities - current ​ Current portion of operating lease liabilities ​ $ 62,405 ​ $ 58,613 Finance lease liabilities - current ​ Current portion of long-term debt ​ ​ 2,240 ​ ​ — Operating lease liabilities - non-current ​ Operating lease liabilities, net of current portion ​ ​ 804,555 ​ ​ 843,312 Finance lease liabilities - non-current ​ Long-term debt, net of current portion ​ ​ 27,742 ​ ​ — Total lease liabilities ​ ​ ​ $ 896,942 ​ $ 901,925
Summary of lease cost	The following presents certain information related to the costs for leases (in thousands): ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 Operating lease cost $ 121,238 ​ $ 122,431 Finance lease cost: ​ ​ ​ ​ ​ Amortization of finance lease assets ​ 2,701 ​ ​ — Interest on finance lease liabilities ​ 1,248 ​ ​ — Short-term lease cost ​ 1,699 ​ ​ 3,177 Variable lease cost ​ 23,385 ​ ​ 23,763 Sublease income ​ (1,876) ​ ​ (1,380) Net lease costs $ 148,395 ​ $ 147,991
Schedule of cash flow supplemental information	The following presents supplemental cash flow information related to leases (in thousands): ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ Operating cash flows for operating leases $ 121,708 ​ $ 122,073 Operating cash flows for finance leases ​ 1,061 ​ ​ — Financing cash flows for finance leases ​ 2,355 ​ ​ — Lease assets obtained in exchange for lease liabilities: ​ ​ ​ ​ ​ New, remeasured, and terminated operating leases $ 25,296 ​ $ 98,282 New finance leases ​ 31,895 ​ ​ — ​
Schedule of other information related to leases	​ ​ ​ ​ ​ ​ December 31, 2020 Weighted average remaining lease term: ​ ​ ​ Operating leases ​ 12.4 years Financing leases ​ 16.0 years Weighted average discount rate: ​ ​ ​ Operating leases ​ 7.1 % Financing leases ​ 6.0 %
Schedule of future operating lease obligations	The following reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities on the balance sheet as of December 31, 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ Leases Leases 2021 $ 120,376 $ 3,977 2022 ​ ​ 117,783 ​ ​ 4,011 2023 ​ ​ 115,532 ​ ​ 2,777 2024 ​ ​ 110,853 ​ ​ 2,494 2025 ​ ​ 103,471 ​ ​ 2,376 Thereafter ​ ​ 765,838 ​ ​ 33,776 Total lease payments ​ ​ 1,333,853 ​ ​ 49,411 Less: Imputed interest ​ ​ (466,893) ​ ​ (19,429) Total lease obligations ​ ​ 866,960 ​ ​ 29,982 Less: current portion ​ ​ (62,405) ​ ​ (2,240) Noncurrent lease obligations ​ $ 804,555 ​ $ 27,742
Schedule of future finance lease obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ Leases Leases 2021 $ 120,376 $ 3,977 2022 ​ ​ 117,783 ​ ​ 4,011 2023 ​ ​ 115,532 ​ ​ 2,777 2024 ​ ​ 110,853 ​ ​ 2,494 2025 ​ ​ 103,471 ​ ​ 2,376 Thereafter ​ ​ 765,838 ​ ​ 33,776 Total lease payments ​ ​ 1,333,853 ​ ​ 49,411 Less: Imputed interest ​ ​ (466,893) ​ ​ (19,429) Total lease obligations ​ ​ 866,960 ​ ​ 29,982 Less: current portion ​ ​ (62,405) ​ ​ (2,240) Noncurrent lease obligations ​ $ 804,555 ​ $ 27,742

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Taxes
Schedule of components of the Company's income tax expense	The components of the Company’s income tax expense from operations for the year ended December 31, consisted of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 2018 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 38,843 ​ $ 10,605 ​ $ 13,828 State ​ ​ 12,294 ​ ​ 4,080 ​ ​ 5,598 Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ ​ 5,016 ​ ​ 9,140 ​ ​ 11,970 State ​ ​ 1,590 ​ ​ 5,757 ​ ​ (606) Income tax expense ​ $ 57,743 ​ $ 29,582 ​ $ 30,790
Schedule of reconciliation of income tax expense from operations to the federal statutory rate	A reconciliation of income tax expense from operations to the federal statutory rate for the year ended December 31, is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 2018 Income taxes computed at federal statutory rate (1) ​ $ 84,411 ​ $ (19,051) ​ $ 20,238 State income taxes – net of federal benefit (1) ​ ​ 3,741 ​ ​ (4,728) ​ ​ 4,313 Other differences: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal alternative minimum tax and state and local taxes on pass-through entities ​ ​ 2,965 ​ ​ 937 ​ ​ 1,076 Income taxes computed at the effective federal and state statutory rate for pass-through entities not subject to tax for the Company (2) ​ ​ (53,147) ​ ​ (22,089) ​ ​ (41,367) Tax benefit from of transfer assets (3) ​ ​ — ​ ​ (14,170) ​ ​ — Increase in valuation allowance due to transfer of assets (3) ​ ​ — ​ ​ 26,350 ​ ​ — Increase in valuation allowance ​ ​ 19,058 ​ ​ 59,552 ​ ​ 43,175 Impact of other state tax rate changes ​ ​ (915) ​ ​ 1,653 ​ ​ (2,020) Goodwill impairment ​ ​ — ​ ​ — ​ ​ 6,158 Other ​ ​ 1,630 ​ ​ 1,128 ​ ​ (783) Income tax expense ​ $ 57,743 ​ $ 29,582 ​ $ 30,790 ​ (1) Federal and state income tax for 2019 and 2018 include the tax effect of $2.5 million of income tax benefit and $0.3 million of income tax expense, respectively, relating to the revaluation in the Tax Receivable Agreement liability. The amount related to 2020 was insignificant. (2) The related income is taxable to the non-controlling interest. (3) These amounts represent the net income tax expense of $12.2 million (composed of an increase in the valuation allowance against the Company’s overall deferred tax assets of $26.4 million, offset by the income tax benefit associated with the transferred assets of $14.2 million) related to the transfer of certain assets, including the Good Sam Club and co-branded credit cards as discussed below.
Summary of significant items comprising the net deferred tax asset	Significant items comprising the net deferred tax assets at December 31, were (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Deferred tax liabilities ​ ​ ​ ​ ​ ​ Accelerated depreciation ​ $ (5) ​ $ (3) Prepaid expenses ​ ​ (1,690) ​ ​ (1,676) Intangible assets ​ ​ (2,865) ​ ​ (3,704) Operating lease assets ​ ​ (67,400) ​ ​ (71,221) Lease incentives ​ ​ (63) ​ ​ (5,226) ​ ​ ​ (72,023) ​ ​ (81,830) Deferred tax assets ​ ​ ​ ​ ​ ​ Investment impairment ​ ​ 22,169 ​ ​ 21,601 Inventory-related ​ ​ 5,494 ​ ​ 5,029 Gift cards ​ ​ 1,788 ​ ​ 1,385 Deferred revenues ​ ​ 6,996 ​ ​ 6,859 Accrual for employee benefits and severance ​ ​ 2,485 ​ ​ 1,555 Stock option expense ​ ​ 469 ​ ​ (10) Investment in partnership ("Outside Basis Deferred Tax Asset") (1) ​ ​ 241,805 ​ ​ 203,663 Tax Receivable Agreement liability ​ ​ 36,486 ​ ​ 28,715 Net operating loss carryforward ​ ​ 124,117 ​ ​ 114,617 Intangible assets ​ ​ 1,456 ​ ​ 2,086 Goodwill ​ ​ 1,433 ​ ​ 2,396 Deferred depreciation ​ ​ 1,283 ​ ​ 1,002 Operating lease liabilities ​ ​ 79,639 ​ ​ 82,785 Other reserves ​ ​ 8,057 ​ ​ 6,309 ​ ​ ​ 533,677 ​ ​ 477,992 Valuation allowance ​ ​ (295,946) ​ ​ (266,452) Net deferred tax assets ​ $ 165,708 ​ $ 129,710 (1) This amount is the deferred tax asset the Company recognizes for its book to tax basis difference in its investment in CWGS, LLC.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Measurements
Summary of aggregate carrying value and fair value of fixed rate debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ December 31, 2020 ​ December 31, 2019 ($ in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Term Loan Facility ​ Level 2 ​ $ 1,130,356 ​ $ 1,132,979 ​ $ 1,148,115 ​ $ 1,104,947 Floor Plan Facility Revolving Line of Credit ​ Level 2 ​ ​ 20,885 ​ ​ 20,791 ​ ​ 40,885 ​ ​ 41,299 Real Estate Facility ​ Level 2 ​ ​ 4,493 ​ ​ 4,600 ​ ​ 19,521 ​ ​ 21,030

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2020
Assets Or Stock Of Multiple Dealership Locations Acquired [Member]
Acquisitions
Summary of the purchase price allocations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 Tangible assets (liabilities) acquired (assumed): ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 3,094 ​ $ — Inventories, net ​ ​ 17,211 ​ ​ 19,856 Prepaid expenses and other assets ​ ​ 643 ​ ​ 95 Property and equipment, net ​ ​ 1,077 ​ ​ 359 Operating lease assets ​ ​ 1,859 ​ ​ — Finance lease asset ​ ​ 2,373 ​ ​ — Accounts payable ​ ​ (1,628) ​ ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 Accrued liabilities ​ ​ (2,839) ​ ​ (114) Operating lease liabilities ​ ​ (1,859) ​ ​ — Finance lease liabilities ​ ​ (2,373) ​ ​ ​ Total tangible net assets acquired ​ ​ 17,558 ​ ​ 20,194 Intangible assets acquired: ​ ​ ​ ​ ​ ​ Trademarks and trade names ​ ​ 725 ​ ​ — Supplier and customer relationships ​ ​ 3,107 ​ ​ — Total intangible assets acquired ​ ​ 3,832 ​ ​ — Goodwill ​ ​ 26,182 ​ ​ 28,224 Purchase price ​ ​ 47,572 ​ ​ 48,418 Cash and cash equivalents acquired ​ ​ — ​ ​ — Cash paid for acquisitions, net of cash acquired ​ ​ 47,572 ​ ​ 48,418 Inventory purchases financed via floor plan ​ ​ (10,350) ​ ​ (13,854) Cash payment net of floor plan financing ​ $ 37,222 ​ $ 34,564 ​ ​ ​ ​ ​ ​ ​

Statement of Cash Flows (Tables

Statement of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2020
Statement of Cash Flows
Supplemental disclosures of cash flow information	Supplemental disclosures of cash flow information for the following periods (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ December 31, ​ December 31, ​ 2020 2019 2018 Cash paid during the period for: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ 72,458 ​ $ 105,776 ​ $ 94,591 Income taxes ​ ​ 52,938 ​ ​ 5,900 ​ ​ 17,683 Non-cash investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Derecognized property and equipment for leases that qualified as operating leases after completion of construction ​ ​ — ​ ​ — ​ ​ (4,628) Leasehold improvements paid by lessor ​ ​ 37 ​ ​ 21,749 ​ ​ 27,022 Vehicles transferred to property and equipment from inventory ​ ​ 70 ​ ​ 827 ​ ​ 919 Derecognition of non-tenant improvements ​ ​ — ​ ​ — ​ ​ 8,134 Capital expenditures in accounts payable and accrued liabilities ​ ​ 3,738 ​ ​ 3,158 ​ ​ 8,441 Non-cash financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Par value of Class A common stock issued in exchange for common units in CWGS, LLC ​ ​ 48 ​ ​ — ​ ​ 3 Par value of Class A common stock issued for vested restricted stock units ​ ​ 3 ​ ​ 4 ​ ​ 3 Par value of Class A common stock repurchased for withholding taxes on vested RSUs ​ ​ — ​ ​ (1) ​ ​ (1)

Non-Controlling Interests (Tabl

Non-Controlling Interests (Tables)	12 Months Ended
	Dec. 31, 2020
Non-Controlling Interests
Schedule of effects of change in ownership	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Net income (loss) attributable to Camping World Holdings, Inc. ​ $ 122,345 ​ $ (60,591) ​ $ 10,398 ​ Transfers to non-controlling interests: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Decrease in additional paid-in capital as a result of the purchase of common units from CWGS, LLC with proceeds from the exercise of stock options ​ ​ (2,602) ​ ​ — ​ ​ (86) ​ (Decrease) increase in additional paid-in capital as a result of the vesting of restricted stock units ​ ​ (6,398) ​ ​ 736 ​ ​ 881 ​ Decrease in additional paid-in capital as a result of repurchases of Class A common stock for withholding taxes on vested RSUs ​ ​ (1,910) ​ ​ (1,477) ​ ​ (1,364) ​ Increase in additional paid-in capital as a result of repurchases of Class A common stock for treasury stock ​ ​ 11,616 ​ ​ — ​ ​ — ​ Increase (decrease) in additional paid-in capital as a result of the redemption of common units of CWGS, LLC ​ ​ 25,565 ​ ​ (478) ​ ​ 4,536 ​ Change from net income (loss) attributable to Camping World Holdings, Inc. and transfers to non-controlling interests ​ $ 148,616 ​ $ (61,810) ​ $ 14,365 ​

Equity-based Compensation Pla_2

Equity-based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Equity-based Compensation Plans
Schedule of equity-based compensation expense classified with the consolidated statements of operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 2018 Equity-based compensation expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs applicable to revenue ​ $ 903 ​ $ 847 ​ $ 820 Selling, general, and administrative ​ ​ 19,758 ​ ​ 12,298 ​ ​ 13,268 Total equity-based compensation expense ​ $ 20,661 ​ $ 13,145 ​ $ 14,088 Total income tax benefit recognized related to equity-based compensation ​ $ 2,176 ​ $ 1,275 ​ $ 1,350
Summary of stock option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Options ​ Weighted Average ​ Intrinsic Value ​ Contractual Life ​ (in thousands) Exercise Price (in thousands) (years) Outstanding at December 31, 2019 ​ ​ 745 ​ $ 21.86 ​ ​ ​ ​ ​ ​ Exercised ​ ​ (213) ​ $ 21.73 ​ ​ ​ ​ ​ ​ Forfeited ​ ​ (62) ​ $ 22.00 ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2020 ​ ​ 470 ​ $ 21.90 ​ $ 1,950 ​ ​ 5.7 Options exercisable at December 31, 2020 ​ ​ 470 ​ $ 21.90 ​ $ 1,950 ​ ​ 5.7
Summary of restricted stock unit activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted ​ Weighted Average ​ ​ Stock Units ​ Grant Date ​ (in thousands) Fair Value Outstanding at December 31, 2019 ​ ​ 1,806 ​ $ 19.68 Granted ​ ​ 2,520 ​ $ 32.54 Vested ​ ​ (661) ​ $ 20.83 Forfeited ​ ​ (273) ​ $ 24.40 Outstanding at December 31, 2020 ​ ​ 3,392 ​ $ 28.87

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Common Class A
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ (In thousands except per share amounts) 2020 2019 2018 ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 344,215 ​ $ (120,301) ​ $ 65,581 ​ Less: net (income) loss attributable to non-controlling interests ​ ​ (221,870) ​ ​ 59,710 ​ ​ (55,183) ​ Net income (loss) attributable to Camping World Holdings, Inc. — ​ ​ 122,345 ​ ​ (60,591) ​ ​ 10,398 ​ Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs ​ ​ 1,304 ​ ​ (71) ​ ​ — ​ Add: reallocation of net income attributable to non-controlling interests from the assumed exchange of common units of CWGS, LLC for Class A common stock ​ ​ — ​ ​ — ​ ​ 14,240 ​ Net income (loss) attributable to Camping World Holdings, Inc. — ​ $ 123,649 ​ $ (60,662) ​ $ 24,638 ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares of Class A common stock outstanding — basic and diluted ​ ​ 39,383 ​ ​ 37,310 ​ ​ 36,985 ​ Dilutive options to purchase Class A common stock ​ ​ 79 ​ ​ — ​ ​ 78 ​ Dilutive restricted stock units ​ ​ 547 ​ ​ 40 ​ ​ 83 ​ Dilutive common units of CWGS, LLC that are convertible into Class A common stock ​ ​ — ​ ​ — ​ ​ 51,732 ​ Weighted-average shares of Class A common stock outstanding — diluted ​ ​ 40,009 ​ ​ 37,350 ​ ​ 88,878 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per share of Class A common stock — basic ​ $ 3.11 ​ $ (1.62) ​ $ 0.28 ​ Earnings (loss) per share of Class A common stock — diluted ​ $ 3.09 ​ $ (1.62) ​ $ 0.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share of Class A common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options to purchase Class A common stock ​ ​ 361 ​ ​ 795 ​ ​ 681 ​ Restricted stock units ​ ​ 1,349 ​ ​ 1,179 ​ ​ 1,037 ​ Common units of CWGS, LLC that are convertible into Class A common stock ​ ​ 49,916 ​ ​ 51,670 ​ ​ — ​

Segments Information (Tables)

Segments Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Information
Reportable segment revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ Good Sam ​ RV and ​ ​ ​ ​ ​ ​ Services ​ Outdoor ​ Intersegment ​ ​ ​ ($ in thousands) and Plans Retail Eliminations Total Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam services and plans $ 182,758 ​ $ — ​ $ (1,781) ​ $ 180,977 New vehicles ​ — ​ ​ 2,829,296 ​ ​ (5,985) ​ ​ 2,823,311 Used vehicles ​ — ​ ​ 987,389 ​ ​ (2,536) ​ ​ 984,853 Products, service and other ​ — ​ ​ 950,247 ​ ​ (1,357) ​ ​ 948,890 Finance and insurance, net ​ — ​ ​ 474,196 ​ ​ (9,935) ​ ​ 464,261 Good Sam Club ​ — ​ ​ 44,299 ​ ​ — ​ ​ 44,299 Total consolidated revenue $ 182,758 ​ $ 5,285,427 ​ $ (21,594) ​ $ 5,446,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2019 ​ Good Sam ​ RV and ​ ​ ​ ​ ​ ​ Services ​ Outdoor ​ Intersegment ​ ​ ​ ($ in thousands) and Plans Retail Eliminations Total Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam services and plans $ 181,526 ​ $ — ​ $ (1,988) ​ $ 179,538 New vehicles ​ — ​ ​ 2,375,477 ​ ​ (5,156) ​ ​ 2,370,321 Used vehicles ​ — ​ ​ 860,032 ​ ​ (2,404) ​ ​ 857,628 Products, service and other ​ — ​ ​ 1,036,439 ​ ​ (1,862) ​ ​ 1,034,577 Finance and insurance, net ​ — ​ ​ 411,035 ​ ​ (9,733) ​ ​ 401,302 Good Sam Club ​ — ​ ​ 48,653 ​ ​ — ​ ​ 48,653 Total consolidated revenue $ 181,526 ​ $ 4,731,636 ​ $ (21,143) ​ $ 4,892,019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2018 ​ Good Sam ​ RV and ​ ​ ​ ​ ​ ​ Services ​ Outdoor ​ Intersegment ​ ​ ​ ($ in thousands) and Plans ​ Retail ​ Eliminations Total Revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam services and plans $ 174,641 ​ $ — ​ $ (1,981) ​ $ 172,660 New vehicles ​ — ​ ​ 2,517,978 ​ ​ (5,124) ​ ​ 2,512,854 Used vehicles ​ — ​ ​ 734,108 ​ ​ (2,091) ​ ​ 732,017 Products, service and other ​ — ​ ​ 951,814 ​ ​ (2,431) ​ ​ 949,383 Finance and insurance, net ​ — ​ ​ 394,214 ​ ​ (10,503) ​ ​ 383,711 Good Sam Club ​ — ​ ​ 41,392 ​ ​ — ​ ​ 41,392 Total consolidated revenue $ 174,641 ​ $ 4,639,506 ​ $ (22,130) ​ $ 4,792,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Reportable segment income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ($ in thousands) 2020 2019 2018 Segment income (loss): (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 88,288 ​ $ 83,635 ​ $ 81,138 RV and Outdoor Retail ​ ​ 429,950 ​ ​ (42,609) ​ ​ 138,085 Total segment income ​ ​ 518,238 ​ ​ 41,026 ​ ​ 219,223 Corporate & other ​ ​ (9,751) ​ ​ (12,455) ​ ​ (6,821) Depreciation and amortization ​ ​ (51,981) ​ ​ (59,932) ​ ​ (49,322) Other interest expense, net ​ ​ (54,689) ​ ​ (69,363) ​ ​ (63,329) Tax Receivable Agreement liability adjustment ​ ​ 141 ​ ​ 10,005 ​ ​ (1,324) Loss and expense on debt restructure ​ ​ — ​ ​ — ​ ​ (2,056) Income (loss) before income taxes ​ $ 401,958 ​ $ (90,719) ​ $ 96,371 (1) Segment income is defined as income from operations before depreciation and amortization plus floor plan interest expense. The Company has recast certain prior period amounts to conform to the two segments presented in 2019.
Reportable depreciation and amortization and other interest expense, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 3,474 ​ $ 4,304 ​ $ 3,328 ​ RV and Outdoor Retail ​ ​ 48,507 ​ ​ 55,628 ​ ​ 45,406 ​ Subtotal ​ ​ 51,981 ​ ​ 59,932 ​ ​ 48,734 ​ Corporate & other ​ ​ — ​ ​ — ​ ​ 588 ​ Total depreciation and amortization ​ $ 51,981 ​ $ 59,932 ​ $ 49,322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Other interest expense, net: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 5 ​ $ (1) ​ $ 4 ​ RV and Outdoor Retail ​ ​ 8,081 ​ ​ 8,941 ​ ​ 8,073 ​ Subtotal ​ ​ 8,086 ​ ​ 8,940 ​ ​ 8,077 ​ Corporate & other ​ ​ 46,603 ​ ​ 60,423 ​ ​ 55,252 ​ Total other interest expense, net ​ $ 54,689 ​ $ 69,363 ​ $ 63,329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Reportable segment assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, ​ ($ in thousands) 2020 2019 2018 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 140,825 ​ $ 138,360 ​ $ 146,012 ​ RV and Outdoor Retail ​ ​ 2,881,637 ​ ​ 3,047,652 ​ ​ 2,467,519 ​ Subtotal ​ ​ 3,022,462 ​ ​ 3,186,012 ​ ​ 2,613,531 ​ Corporate & other ​ ​ 233,969 ​ ​ 190,228 ​ ​ 193,156 ​ Total assets ​ $ 3,256,431 ​ $ 3,376,240 ​ $ 2,806,687 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ($ in thousands) 2020 2019 2018 Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Good Sam Services and Plans ​ $ 2,553 ​ $ 2,952 ​ $ 2,477 ​ RV and Outdoor Retail ​ ​ 82,243 ​ ​ 85,405 ​ ​ 251,882 ​ Subtotal ​ ​ 84,796 ​ ​ 88,357 ​ ​ 254,359 ​ Corporate and other ​ ​ 127 ​ ​ (1) ​ ​ — ​ Total capital expenditures ​ $ 84,923 ​ $ 88,356 ​ $ 254,359 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Quarterly Financial Informati_2

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information (Unaudited)
Schedule of quarterly financial information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ December 31, ​ September 30, ​ June 30, ​ March 31, ​ December 31, ​ September 30, ​ June 30, ​ March 31, ($ in thousands) 2020 2020 2020 2020 2019 2019 2019 2019 Revenue ​ $ 1,133,820 ​ $ 1,678,753 ​ $ 1,606,745 ​ $ 1,027,273 ​ $ 964,931 ​ $ 1,387,972 ​ $ 1,474,347 ​ $ 1,064,769 Income (loss) from operations ​ ​ 66,497 ​ ​ 193,093 ​ ​ 203,340 ​ ​ 13,265 ​ ​ (66,132) ​ ​ (32,307) ​ ​ 90,304 ​ ​ 16,882 Net income (loss) ​ ​ 40,338 ​ ​ 154,784 ​ ​ 163,222 ​ ​ (14,129) ​ ​ (80,854) ​ ​ (65,263) ​ ​ 52,623 ​ ​ (26,807) Net income (loss) attributable to Camping World Holdings, Inc. ​ ​ 14,378 ​ ​ 58,050 ​ ​ 58,077 ​ ​ (8,160) ​ ​ (28,521) ​ ​ (30,692) ​ ​ 18,017 ​ ​ (19,395) Earnings (loss) per share of Class A common stock: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.34 ​ ​ 1.46 ​ ​ 1.54 ​ ​ (0.22) ​ $ (0.76) ​ ​ (0.82) ​ ​ 0.48 ​ ​ (0.52) Diluted ​ $ 0.34 ​ ​ 1.44 ​ ​ 1.54 ​ ​ (0.22) ​ $ (0.89) ​ ​ (0.82) ​ ​ 0.46 ​ ​ (0.52)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Description of Business (Details) $ in Thousands	3 Months Ended						12 Months Ended
	Dec. 31, 2020USD ($)location	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)location	Dec. 31, 2019USD ($)location	Sep. 30, 2019USD ($)	Dec. 31, 2020USD ($)locationsegment	Dec. 31, 2019USD ($)locationsegment	Dec. 31, 2018	May 31, 2020USD ($)
Segments Information
Number of reportable segments | segment							2	2
Number of stores	171			175	175		171	175
Number of stores, beginning of period				175			175
Number of locations opened							9
Closed/divested							(11)
Temporarily closed							(2)
Number of stores, end of period	171				175		171	175
Liquidation of inventory | $	$ 6,300	$ 4,600	$ 3,700	$ 3,000	$ 19,500	$ 27,700
Lease payment deferrals | $										$ 14,000
RV Dealerships
Segments Information
Number of stores	160			154	154		160	154
Number of stores, beginning of period				154			154
Number of locations opened							9
Closed/divested							(3)
Temporarily closed							(2)
Number of locations converted							2
Number of stores, end of period	160				154		160	154
RV Service And Retail Centers
Segments Information
Number of stores	10			11	11		10	11
Number of stores, beginning of period				11			11
Number of locations converted							(1)
Number of stores, end of period	10				11		10	11
Other Retail Stores
Segments Information
Number of stores	1			10	10		1	10
Number of stores, beginning of period				10			10
Closed/divested							(8)
Number of locations converted							(1)
Number of stores, end of period	1				10		1	10
CWH | CWGS, LLC
Segments Information
Ownership interest							47.40%	42.00%	41.90%
2019 Strategic Shift
Segments Information
Liquidation of inventory | $							$ 22,041	$ 47,278
2019 Strategic Shift | Non RV Retail Stores
Segments Information
Closed/divested								34
2019 Strategic Shift | Incremental inventory reserve charges | Non RV Retail Stores
Segments Information
Liquidation of inventory | $								$ 108,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Contracts in Transit, Accounts Receivable and Current Expected Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
"Shipping, Handling and Transportation Costs [Abstract]"
Number of days for retail installment sales contracts funded after the initial approval of the retail installment sales contract by third party lender	10 days
Accounts receivable due in excess of one year	$ 8,200	$ 8,600
Allowance for doubtful accounts - contracts in transit	0	0
Allowance for doubtful accounts
Balance, beginning of period	3,537	4,481
Charged to bad debt expense	1,068	(20)	$ 2,444
Deductions	(1,212)	(924)
Balance, end of period	$ 3,393	$ 3,537	$ 4,481

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Concentration of Credit Risk
Amount in excess of FDIC limits	$ 188.1	$ 149.9
Self-Insurance Program
Self insured claims liability	19.6	18.4
Letters of credit	$ 17.7	$ 15.3
Revenue
Number of past years	8 years	8 years
Amount of chargebacks included in the estimate of variable consideration	$ 58.9	$ 48.3
Lifetime memberships period	18 years
Advertising Expense
Advertising expenses	$ 96.3	$ 117.8	$ 112.4
Shipping and Handling Fees and Costs
Cost, Product and Service [Extensible List]	Shipping and Handling	Shipping and Handling	Shipping and Handling
Contracts in Transit
Number of days for retail installment sales contracts funded after the initial approval of the retail installment sales contract by third party lender	10 days
Building and improvements
Property and Equipment, net
Estimated useful lives	40
Minimum
Revenue
Stated period of time for insurance and service contracts	1 year
Minimum | Leasehold improvements
Property and Equipment, net
Estimated useful lives	3
Minimum | Furniture and equipment
Property and Equipment, net
Estimated useful lives	3
Minimum | Software
Property and Equipment, net
Estimated useful lives	3
Maximum
Revenue
Stated period of time for insurance and service contracts	5 years
Maximum | Leasehold improvements
Property and Equipment, net
Estimated useful lives	40
Maximum | Furniture and equipment
Property and Equipment, net
Estimated useful lives	12
Maximum | Software
Property and Equipment, net
Estimated useful lives	5
RV and Outdoor Retail | Shipping and Handling
Shipping and Handling Fees and Costs
Cost of Goods and Services Sold	$ 8.2	$ 6.2	$ 4.9

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements
Operating lease assets	$ 769,487	$ 807,537
Operating lease liabilities	866,960
Property and equipment, net	(367,898)	(314,374)
Deferred revenues and gains, current portion	(88,213)	(87,093)
Accrued liabilities	(137,688)	(130,316)
Other long-term liabilities	(54,920)	(35,467)
Retained deficit	(21,814)	(83,134)
Non-controlling interests	$ (36,005)	$ (126,634)

Revenue - Contract Assets (Deta

Revenue - Contract Assets (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Revenue
Capitalized costs	$ 7.1	$ 6.6
Accounts Receivable | RV Service
Revenue
Contract asset	$ 8.1	$ 6.1

Revenue - Deferred Revenues (De

Revenue - Deferred Revenues (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Deferred Revenues
Revenues recognized that were included in the deferred revenue balance	$ 87.1

Revenue - Performance Obligatio

Revenue - Performance Obligation (Details) $ in Thousands	Dec. 31, 2020USD ($)
Performance obligation
Revenue expected to be recognized	$ 149,732
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Performance obligation
Revenue expected to be recognized	$ 88,213
Unsatisfied performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Performance obligation
Revenue expected to be recognized	$ 29,472
Unsatisfied performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Performance obligation
Revenue expected to be recognized	$ 15,797
Unsatisfied performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Performance obligation
Revenue expected to be recognized	$ 7,707
Unsatisfied performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Performance obligation
Revenue expected to be recognized	$ 4,083
Unsatisfied performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Performance obligation
Revenue expected to be recognized	$ 4,460
Unsatisfied performance obligation, period	0 years

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Receivables
Gross receivables	$ 86,815	$ 85,384
Allowance for doubtful accounts	(3,393)	(3,537)	$ (4,481)
Receivables, net	83,422	81,847
Good Sam Services and Plans
Receivables
Gross receivables	11,837	20,195
RV and Outdoor Retail | Trade accounts receivable
Receivables
Gross receivables	16,289	15,715
RV and Outdoor Retail | Due from manufacturers
Receivables
Gross receivables	17,778	17,642
RV and Outdoor Retail | New and used vehicles
Receivables
Gross receivables	6,836	2,295
RV and Outdoor Retail | Parts, services and other
Receivables
Gross receivables	26,437	23,199
RV and Outdoor Retail | Other
Receivables
Gross receivables	7,611	5,782
Corporate
Receivables
Gross receivables	$ 27	$ 556

Inventories, net and Notes Pa_3

Inventories, net and Notes Payable - Floor Plan, net - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Inventories
Inventories	$ 1,136,345	$ 1,358,539
Good Sam Club services and plans
Inventories
Inventories	109	590
New RV vehicles
Inventories
Inventories	691,114	966,134
Used RV vehicles
Inventories
Inventories	178,336	165,927
Products, service and other
Inventories
Inventories	$ 266,786	$ 225,888

Inventories, net and Notes Pa_4

Inventories, net and Notes Payable - Floor Plan, net - Floor Plan Payable (Details) $ in Thousands	Jun. 29, 2020USD ($)	May 12, 2020	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018	Sep. 01, 2020	May 11, 2020
Floor Plan Facility
Floor Plan Payable
Period for temporary reduction in consolidated current ratio		4 months
Number of days into 2021 the notice can be given		7 days
Maximum borrowing capacity			$ 1,379,750	$ 1,379,750
Quarterly reduction in maximum borrowing capacity			3,000
FLAIR offset account amount			133,600	87,000
FLAIR Maximum Percentage		30.00%				20.00%	20.00%
Voluntary principal payment	$ 20,000
Floor Plan Facility | London Interbank Offered Rate (LIBOR) | Minimum
Floor Plan Payable
Variable rate spread (as a percent)		2.05%
Floor Plan Facility | London Interbank Offered Rate (LIBOR) | Maximum
Floor Plan Payable
Variable rate spread (as a percent)		3.00%
Floor Plan Facility | Base Rate | Minimum
Floor Plan Payable
Variable rate spread (as a percent)		0.55%
Floor Plan Facility | Base Rate | Maximum
Floor Plan Payable
Variable rate spread (as a percent)		1.50%
Letters of credit | Floor Plan Facility
Floor Plan Payable
Maximum borrowing capacity			15,000
Line of Credit | Floor Plan Facility
Floor Plan Payable
Maximum borrowing capacity			$ 48,000	$ 60,000
Line of Credit | Notes Payable to Banks | Floor Plan Facility, floor plan notes | London Interbank Offered Rate (LIBOR)
Floor Plan Payable
Variable rate spread (as a percent)			2.05%	2.15%	2.15%
Variable rate basis (as a percent)			0.15	1.71	2.35
Line of Credit | Notes Payable to Banks | Floor Plan Facility, floor plan notes | London Interbank Offered Rate (LIBOR) | Minimum
Floor Plan Payable
Variable rate spread (as a percent)			2.05%
Line of Credit | Notes Payable to Banks | Floor Plan Facility, floor plan notes | London Interbank Offered Rate (LIBOR) | Maximum
Floor Plan Payable
Variable rate spread (as a percent)			2.50%
Line of Credit | Notes Payable to Banks | Floor Plan Facility, floor plan notes | Base Rate | Minimum
Floor Plan Payable
Variable rate spread (as a percent)			0.55%
Line of Credit | Notes Payable to Banks | Floor Plan Facility, floor plan notes | Base Rate | Maximum
Floor Plan Payable
Variable rate spread (as a percent)			0.01%

Inventories, net and Notes Pa_5

Inventories, net and Notes Payable - Floor Plan, net - Floor Plan Outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Floor Plan Payable
Less: outstanding letters of credit	$ (17,700)	$ (15,300)
Floor Plan Facility
Floor Plan Payable
Total commitment	1,379,750	1,379,750
Less: borrowings, net	(522,455)	(848,027)
Less: flooring line aggregate interest reduction account	(133,639)	(87,016)
Additional borrowing capacity	723,656	444,707
Less: accounts payable for sold inventory	(28,980)	(27,892)
Less: purchase commitments	(39,121)	(8,006)
Unencumbered borrowing capacity	655,555	408,809
Line of Credit | Floor Plan Facility
Floor Plan Payable
Total commitment	48,000	60,000
Less: borrowings, net	(20,885)	(40,885)
Additional borrowing capacity	27,115	19,115
Letters of credit | Floor Plan Facility
Floor Plan Payable
Total commitment	15,000	15,000
Less: outstanding letters of credit	(11,732)	(11,175)
Additional letters of credit capacity	$ 3,268	$ 3,825

Restructuring and Long-lived _3

Restructuring and Long-lived Asset Impairment (Details)	3 Months Ended						6 Months Ended	12 Months Ended		16 Months Ended
	Dec. 31, 2020USD ($)location	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)location	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)location	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)location	Dec. 31, 2020USD ($)location	Dec. 31, 2019USD ($)location	Dec. 31, 2020USD ($)location	Dec. 31, 2021USD ($)
2019 Strategic Shift
Closed/divested | location								11
Temporarily closed | location								2
Number of stores | location	171				175		175	171	175	171
Restructuring Costs
Charged to expense	$ 6,300,000	$ 4,600,000	$ 3,700,000	$ 3,000,000	$ 19,500,000	$ 27,700,000
Long-lived Asset Impairment
Number of locations with impaired long-lived assets	19							19		19
Long-lived asset impairment	$ 6,600,000		$ 4,400,000	1,400,000	16,300,000	$ 50,000,000		$ 12,353,000	$ 66,270,000
Leasehold improvements
Long-lived Asset Impairment
Long-lived asset impairment								2,400,000	20,800,000
Furniture and equipment
Long-lived Asset Impairment
Long-lived asset impairment								2,600,000	28,600,000
Buildings
Long-lived Asset Impairment
Long-lived asset impairment								1,500,000
Operating lease right-of-use assets
Long-lived Asset Impairment
Long-lived asset impairment								5,900,000	16,900,000
Selling, general, and administrative
Restructuring Costs
Charged to expense								16,400,000	3,700,000
Costs applicable to revenue
Restructuring Costs
Charged to expense								400,000	600,000
2019 Strategic Shift
2019 Strategic Shift
Number of distribution centers closed | location										3
Number of distribution centers reopened and repurposed | location			1
Incurred costs	21,200,000							21,200,000		$ 21,200,000
Restructuring Costs
Charged to expense								22,041,000	47,278,000
Gain from derecognition of the operating lease assets and liabilities relating to the terminated leases							$ 1,300,000	6,100,000
Long-lived Asset Impairment
Long-lived asset impairment								12,300,000	57,400,000
2019 Strategic Shift | Minimum
2019 Strategic Shift
Expected incurred costs	89,600,000							89,600,000		89,600,000
2019 Strategic Shift | Maximum
2019 Strategic Shift
Expected incurred costs	110,600,000							110,600,000		110,600,000
2019 Strategic Shift | Labor, lease and other operating expenses
2019 Strategic Shift
Incurred costs	21,200,000							21,200,000		21,200,000
2019 Strategic Shift | Labor, lease and other operating expenses | Minimum | Forecast
2019 Strategic Shift
Expected incurred costs											$ 6,800,000
2019 Strategic Shift | Labor, lease and other operating expenses | Maximum | Forecast
2019 Strategic Shift
Expected incurred costs											$ 13,800,000
2019 Strategic Shift | One-time termination benefits
2019 Strategic Shift
Expected incurred costs	1,200,000							1,200,000		1,200,000
Restructuring Costs
Beginning balance				722,000				722,000
Charged to expense							1,008,000	231,000
Paid or otherwise settled							(286,000)	(953,000)
Ending balance					722,000		722,000		722,000
2019 Strategic Shift | Lease Termination Costs
2019 Strategic Shift
Incurred costs	11,900,000							11,900,000		11,900,000
Restructuring Costs
Charged to expense							1,350,000	10,532,000
Paid or otherwise settled							(1,350,000)	(10,532,000)
2019 Strategic Shift | Lease Termination Costs | Minimum
2019 Strategic Shift
Expected incurred costs	18,000,000							18,000,000		18,000,000
2019 Strategic Shift | Lease Termination Costs | Maximum
2019 Strategic Shift
Expected incurred costs	32,000,000							32,000,000		32,000,000
2019 Strategic Shift | Incremental inventory reserve charges
2019 Strategic Shift
Expected incurred costs	42,400,000							42,400,000		42,400,000
2019 Strategic Shift | Other associated costs
Restructuring Costs
Beginning balance				285,000				285,000
Charged to expense							4,321,000	16,835,000	4,321,000
Paid or otherwise settled							(4,036,000)	(16,346,000)
Ending balance	774,000				285,000		285,000	774,000	285,000	774,000
2019 Strategic Shift | Other associated costs | Minimum
2019 Strategic Shift
Expected incurred costs	28,000,000							28,000,000		28,000,000
2019 Strategic Shift | Other associated costs | Maximum
2019 Strategic Shift
Expected incurred costs	35,000,000							35,000,000		35,000,000
2019 Strategic Shift | Restructuring costs excluding incremental inventory reserve charges
Restructuring Costs
Beginning balance				$ 1,007,000				1,007,000
Charged to expense							6,679,000	27,598,000
Paid or otherwise settled							(5,672,000)	(27,831,000)
Ending balance	$ 774,000				$ 1,007,000		$ 1,007,000	774,000	1,007,000	$ 774,000
2019 Strategic Shift | Selling, general, and administrative | One-time termination benefits
Restructuring Costs
Charged to expense								231,000	1,008,000
2019 Strategic Shift | Costs applicable to revenue | Incremental inventory reserve charges
Restructuring Costs
Charged to expense								543,000	41,894,000
2019 Strategic Shift | Lease termination charges | Lease Termination Costs
Restructuring Costs
Charged to expense								$ 4,432,000	$ 55,000
2019 Strategic Shift | Outdoor Lifestyle Locations
2019 Strategic Shift
Closed/divested | location										39
2019 Strategic Shift | Specialty Retail locations
2019 Strategic Shift
Closed/divested | location										20

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property and Equipment, net
Property and equipment, gross	$ 622,922	$ 532,603
Less: accumulated depreciation and amortization	(255,024)	(218,229)
Property and equipment, net	367,898	314,374
Depreciation expense	47,400	54,700	$ 44,800
Land
Property and Equipment, net
Property and equipment, gross	47,780	36,069
Buildings and improvements
Property and Equipment, net
Property and equipment, gross	99,739	64,860
Leasehold improvements
Property and Equipment, net
Property and equipment, gross	210,396	174,417
Furniture and equipment
Property and Equipment, net
Property and equipment, gross	180,191	181,539
Software
Property and Equipment, net
Property and equipment, gross	73,256	67,086
Systems development and construction in progress
Property and Equipment, net
Property and equipment, gross	$ 11,560	$ 8,632

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Change in Goodwill (Details) $ in Thousands	Jan. 01, 2019USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2020USD ($)location	Dec. 31, 2019USD ($)location	Dec. 31, 2018USD ($)
Goodwill
Balance (excluding impairment charges)			$ 600,954			$ 600,954
Accumulated impairment charges			(241,837)			(241,837)
Balance	$ 359,117	$ 386,941		$ 386,941	$ 359,117
Acquisitions				26,182	28,224
Impairment charge						(40,046)
Divestures					(400)
Balance			359,117	$ 413,123	386,941	359,117
Useful lives (in years)				12 years 9 months 18 days
Good Sam Services and Plans
Goodwill
Balance (excluding impairment charges)			97,204			97,204
Accumulated impairment charges			(46,884)			(46,884)
Balance	50,320	23,829		$ 23,829	50,320
Transfers of assets between reporting units					(26,491)
Balance			50,320	23,829	23,829	50,320
Retail
Goodwill
Balance	0				0
Impairment charge			(40,000)
Balance			0			0
RV and Outdoor Retail
Goodwill
Balance (excluding impairment charges)			503,750			503,750
Accumulated impairment charges			(194,953)			(194,953)
Balance	308,797	363,112		363,112	308,797
Acquisitions				26,182	28,224
Impairment charge		$ 0		0	0
Transfers of assets between reporting units					26,491
Divestures					(400)
Balance			$ 308,797	$ 389,294	$ 363,112	$ 308,797
Number of specialty retail locations with goodwill | location					13
Number of specialty retail locations divested | location				13
Good Sam Services and Plans | GSS
Goodwill
Transfers of assets between reporting units	$ 26,500
Membership and customer lists
Goodwill
Useful lives (in years)				5 years 4 months 24 days
Customer lists and domain names
Goodwill
Useful lives (in years)				5 years 3 months 18 days
Supplier Lists
Goodwill
Useful lives (in years)				5 years
Trademarks and trade names
Goodwill
Useful lives (in years)				15 years
Websites
Goodwill
Useful lives (in years)				8 years 3 months 18 days

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Finite-lived Intangible Assets and Related Accumulated Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Intangible Assets
Cost or Fair Value	$ 50,016	$ 46,150
Accumulated Amortization	(19,894)	(16,443)
Net	30,122	29,707
Amortization expense	4,600	5,200	$ 4,500
Good Sam Club services and plans | Membership and customer lists
Intangible Assets
Cost or Fair Value	9,140	9,140
Accumulated Amortization	(8,568)	(7,972)
Net	572	1,168
RV and Outdoor Retail | Customer lists and domain names
Intangible Assets
Cost or Fair Value	3,476	2,065
Accumulated Amortization	(1,930)	(1,768)
Net	1,546	297
RV and Outdoor Retail | Supplier Lists
Intangible Assets
Cost or Fair Value	1,696
Accumulated Amortization	(85)
Net	1,611
RV and Outdoor Retail | Trademarks and trade names
Intangible Assets
Cost or Fair Value	29,564	28,955
Accumulated Amortization	(6,681)	(4,862)
Net	22,883	24,093
RV and Outdoor Retail | Websites
Intangible Assets
Cost or Fair Value	6,140	5,990
Accumulated Amortization	(2,630)	(1,841)
Net	$ 3,510	$ 4,149

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Finite-lived Intangible Assets Weighted-average Useful Lives (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-lived intangible assets
2021	$ 3,686
2022	3,491
2023	3,184
2024	3,143
2025	2,908
Thereafter	13,710
Net	$ 30,122	$ 29,707

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Compensation and benefits	$ 43,787	$ 31,743
Other accruals	93,901	98,573
Total	137,688	$ 130,316
COVID-19
Deferral of payroll taxes	$ 14,600

Long-Term Debt - Outstanding lo

Long-Term Debt - Outstanding long term debt (Details) $ in Thousands	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)
Long-Term Debt
Total commitment	$ 20,885	$ 40,885
Finance Lease Liabilities	29,982
Subtotal	1,164,831	1,167,636
Less: current portion	(14,414)	(14,085)
Total	$ 1,150,417	1,153,551
Number of real estate parcels under finance leases | item	3
Term Loan Facility
Long-Term Debt
Total commitment	$ 1,130,356	1,148,115
Real Estate Facility
Long-Term Debt
Total commitment	$ 4,493	19,521
Finance costs		$ 200

Long Term Debt - Future Maturit

Long Term Debt - Future Maturities (Details) $ in Thousands	Dec. 31, 2020USD ($)
Long-Term Debt
2021	$ 12,174
2022	12,176
2023	1,121,697
Subtotal	1,146,047
Finance Leases(1)	29,982
Total	1,176,029
Finance lease liabilities - current	$ 2,240

Long-Term Debt - Senior Secured

Long-Term Debt - Senior Secured Credit Facilities (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)
Finance lease liabilities
Number of real estate parcels under finance leases | item		3
Secured Debt | Term Loan Facility
Long-Term Debt
Unamortized discount		$ 3,241	$ 4,320
Secured Debt | Line of Credit | Term Loan Facility
Long-Term Debt
Maximum borrowing capacity		$ 1,190,000
Debt Instrument, Prepayment Requirement, Percentage of Excess Cash Flow		50.00%
Quarterly amortization payment		$ 3,000
Voluntary principal payment	$ 9,600
Secured Debt | Revolving loans | New Senior Secured Credit Facility Revolving Credit Facility
Long-Term Debt
Maximum borrowing capacity		35,000
Secured Debt | Letters of credit | New Senior Secured Credit Facility Revolving Credit Facility
Long-Term Debt
Debt Instrument, Maximum Amount Allocated to Letters of Credit		$ 15,000

Long-Term Debt - Outstanding am

Long-Term Debt - Outstanding amounts and available borrowings under Senior Secured Credit Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total commitment	$ 20,885	$ 40,885
Less: outstanding letters of credit	(17,700)	(15,300)
Term Loan Facility
Debt Instrument [Line Items]
Total commitment	1,130,356	1,148,115
Secured Debt | New Senior Secured Credit Facility
Debt Instrument [Line Items]
Additional borrowing capacity	29,070	9,266
Secured Debt | Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	1,195,000	1,195,000
Less: cumulative principal payments	(53,459)	(31,898)
Less: unamortized original issue discount	(3,241)	(4,320)
Less: finance costs	(7,944)	(10,667)
Total commitment	1,130,356	1,148,115
Less: current portion	(11,891)	(11,991)
Long-term debt, net of current portion	1,118,465	1,136,124
Secured Debt | New Senior Secured Credit Facility Revolving Credit Facility
Debt Instrument [Line Items]
Total commitment	35,000	35,000
Less: outstanding letters of credit	$ (5,930)	(4,112)
Less: availability reduction due to Total Leverage Ratio		$ (21,622)

Long-Term Debt - General Inform

Long-Term Debt - General Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Long-Term Debt
Revolving line of credit	$ 20,885	$ 40,885
Term Loan Facility
Long-Term Debt
Revolving line of credit	1,130,356	1,148,115
Secured Debt | New Senior Secured Credit Facility
Long-Term Debt
Additional borrowing capacity	29,070	9,266
Secured Debt | Term Loan Facility
Long-Term Debt
Revolving line of credit	1,130,356	1,148,115
Secured Debt | New Senior Secured Credit Facility Revolving Credit Facility
Long-Term Debt
Revolving line of credit	35,000	$ 35,000
Secured Debt | Line of Credit | Term Loan Facility
Long-Term Debt
Maximum borrowing capacity	1,190,000
Quarterly amortization payment	$ 3,000
Prepayment requirement as a percentage of excess cash flow (as a percent)	50.00%
Interest rate (as a percent)	3.50%
Amount subtracted from aggregate borrowings in determining compliance with the total leverage ratio	$ 5,000
The minimum percentage of the aggregate amount of the revolving lenders revolving commitments	30.00%
Secured Debt | Revolving loans | New Senior Secured Credit Facility Revolving Credit Facility
Long-Term Debt
Maximum borrowing capacity	$ 35,000
Secured Debt | Letters of credit | New Senior Secured Credit Facility Revolving Credit Facility
Long-Term Debt
Maximum amount allocated to letters of credit	$ 15,000

Long-Term Debt - Real Estate Fa

Long-Term Debt - Real Estate Facility (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2020	Aug. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Revolving line of credit				$ 20,885	$ 40,885
Real Estate Facility
Debt Instrument [Line Items]
Revolving line of credit				4,493	19,521
New Senior Secured Credit Facility | Secured Debt
Debt Instrument [Line Items]
Additional borrowing capacity				29,070	9,266
Term Loan Facility
Debt Instrument [Line Items]
Revolving line of credit				1,130,356	1,148,115
Term Loan Facility | Secured Debt
Debt Instrument [Line Items]
Revolving line of credit				1,130,356	1,148,115
Maximum borrowing capacity				1,195,000	1,195,000
Line of Credit | Real Estate Facility | Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 21,500	21,500
Interest rate (as a percent)				3.00%
Commitment fee (as a percent)				0.50%
Additional borrowing capacity				$ 0	$ 0
Revolving line of credit				4,500
Payment of debt		$ 3,400	$ 10,300
Line of Credit | Term Loan Facility | Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 1,190,000
Interest rate (as a percent)				3.50%
Payment of debt	$ 9,600

Lease Obligations - General Inf

Lease Obligations - General Information (Details)	12 Months Ended
	Dec. 31, 2020leaseitem
Leases
Existence of option to extend	true
Existence of option to terminate	true
Number of operating leases | lease	254
Number of real estate parcels under finance leases | item	3
Weighted-average remaining lease term of operating lease	12 years 4 months 24 days
Weighted-average remaining finance lease	16 years
Weighted-average discount rate of operating leases	7.10%
Weighted-average discount rate of finance leases	6.00%
Minimum
Leases
Renewal term of lease	1 year
Maximum
Leases
Renewal term of lease	5 years

Lease Obligations - Financial S

Lease Obligations - Financial Statement Line Items (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Lease Obligations
Operating lease assets	$ 769,487	$ 807,537
Finance lease assets	$ 29,756
Financial Statement Line Items	us-gaap:PropertyPlantAndEquipmentNet	us-gaap:PropertyPlantAndEquipmentNet
Total lease assets, net	$ 799,243	$ 807,537
Operating lease liabilities - current	62,405	$ 58,613
Finance lease liabilities - current	$ 2,240
Financial Statement Line Items	us-gaap:LinesOfCreditCurrent	us-gaap:LinesOfCreditCurrent
Operating lease liabilities - non-current	$ 804,555	$ 843,312
Finance lease liabilities - non-current	$ 27,742
Financial Statement Line Items	us-gaap:LongTermLineOfCredit	us-gaap:LongTermLineOfCredit
Total lease liabilities	$ 896,942	$ 901,925

Lease Obligations - Lease Costs

Lease Obligations - Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lease costs
Operating lease cost	$ 121,238	$ 122,431
Amortization of finance lease assets	2,701
Interest on finance lease liabilities	1,248
Short-term lease cost	1,699	3,177
Variable lease cost	23,385	23,763
Sublease income	(1,876)	(1,380)
Net lease costs	$ 148,395	$ 147,991

Lease Obligations - Supplementa

Lease Obligations - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lease Obligations
Operating cash flows for operating leases	$ 121,708	$ 122,073
Operating cash flows for finance leases	1,061
Financing cash flows for finance leases	2,355
New, remeasured, and terminated operating leases	25,296	$ 98,282
New finance leases	$ 31,895

Lease Obligations - Lease Matur

Lease Obligations - Lease Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating lease liabilities
2021	$ 120,376
2022	117,783
2023	115,532
2024	110,853
2025	103,471
Thereafter	765,838
Total lease payments	1,333,853
Less: Imputed interest	(466,893)
Total lease obligations	866,960
Less: Current portion	(62,405)	$ (58,613)
Operating lease liabilities - non-current	804,555	$ 843,312
Finance Lease, Liability, Payment, Due [Abstract]
2021	3,977
2022	4,011
2023	2,777
2024	2,494
2025	2,376
Thereafter	33,776
Total lease payments	49,411
Less: Imputed interest	(19,429)
Total lease liabilities	29,982
Less: Current portion	(2,240)
Noncurrent lease obligations	$ 27,742

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current:
Federal	$ 38,843	$ 10,605	$ 13,828
State	12,294	4,080	5,598
Deferred:
Federal	5,016	9,140	11,970
State	1,590	5,757	(606)
Income tax expense	$ 57,743	$ 29,582	$ 30,790

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of income tax expense from operations to the federal statutory rate
Income taxes computed at federal statutory rate	$ 84,411	$ (19,051)	$ 20,238
State income taxes - net of federal benefit	3,741	(4,728)	4,313
Federal alternative minimum tax and state and local taxes on pass-through entities	2,965	937	1,076
Income taxes computed at the effective federal and state statutory rate for pass-through entities not subject to tax for the company	(53,147)	(22,089)	(41,367)
Tax benefit from of transfer assets		(14,170)
Increase in valuation allowance due to transfer of assets		26,350
Increase in valuation allowance	19,058	59,552	43,175
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	26,400
Impact of other state tax rate changes	(915)	1,653	(2,020)
Goodwill impairment			6,158
Transfer of assets	12,200	12,200
Other	1,630	1,128	(783)
Income tax expense	$ 57,743	29,582	30,790
Tax Receivable Agreement liability adjustment		$ 2,500	$ (300)

Income Taxes - Carrying amounts

Income Taxes - Carrying amounts of assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax liabilities
Accelerated depreciation	$ (5)	$ (3)
Prepaid expenses	(1,690)	(1,676)
Intangible assets	(2,865)	(3,704)
Operating lease assets	(67,400)	(71,221)
Lease incentives	(63)	(5,226)
Total deferred tax liabilities	(72,023)	(81,830)
Deferred tax assets
Investment impairment	22,169	21,601
Inventory related	5,494	5,029
Gift cards	1,788	1,385
Deferred revenues	6,996	6,859
Accrual for employee benefits and severance	2,485	1,555
Stock option expense	469	(10)
Investment in partnership ("Outside Basis Deferred Tax Asset")	241,805	203,663
Tax Receivable Agreement liability	36,486	28,715
Net operating loss carryforward	124,117	114,617
Intangible assets	1,456	2,086
Goodwill	1,433	2,396
Accelerated depreciation	1,283	1,002
Operating lease liabilities	79,639	82,785
Other reserves	8,057	6,309
Gross deferred tax assets	533,677	477,992
Valuation allowance	(295,946)	(266,452)
Net deferred tax assets	$ 165,708	$ 129,710

Income Taxes - Federal Tax purp

Income Taxes - Federal Tax purpose (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Feb. 17, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred income taxes due to transfer of assets		$ 12,200	$ 12,200
Tax Receivable Agreement liability adjustment		141	10,005	$ (1,324)
Current portion of liabilities under tax receivable agreement		8,089	6,563
Income tax benefit associated with transferred assets		14,200
Increase (decrease) in deferred tax assets	$ 13,300
Increase in, non-current portion of tax receivable agreement liabilit	11,300
Increase in additional paid-in capital	$ 2,000
Increase (decrease) in valuation allowance for the outside basis in CWGS, LLC		(9,800)	(6,200)
Uncertain tax positions		$ 2,700	$ 300
Common Class A
Shares issued		43,083,008	37,701,584
Class A common stock issued in exchange for common units in CWGS, LLC	1,300,000
CWGS, LLC
Increase (decrease) in valuation allowance		$ (19,700)	$ (79,700)
Tax receivable agreement
Reduction in tax receivable agreement liability due to reduction of future expected tax amortization		$ 7,500
Expected future tax benefits retained by the Company (as a percent)		15.00%
Tax receivable agreement | Continuing Equity Owners and Crestview partners II GP LP
Payment, as percent of tax benefits (as a percent)		85.00%
Tax receivable agreement | Crestview Partners II GP LP
Liability under tax receivable agreement		$ 145,900	114,800
Current portion of liabilities under tax receivable agreement		$ 8,100	$ 6,600
CWGS, LLC | Tax receivable agreement
Units issued in exchange		4,852,497	5,725
COVID-19
Deferral of non-income-based payroll taxes		$ 29,200
COVID-19 | other long-term liabilities
Deferral of non-income-based payroll taxes		14,600
COVID-19 | Other Current Liabilities
Deferral of non-income-based payroll taxes		$ 14,600
CWH | CWGS, LLC
Ownership interest		47.40%	42.00%	41.90%
Crestview Partners II GP LP | CWGS, LLC
Number of units redeemed	1,300,000
Americas Road and Travel Club, Inc., CW, and FreedomRoads RV, Inc. and their wholly owned subsidiaries
Net operating loss carryforward indefinitely		$ 407,200
Americas Road and Travel Club, Inc., CW, and FreedomRoads RV, Inc. and their wholly owned subsidiaries | Federal
Net operating loss carryforwards		462,700
Net operating loss will expire if not used		55,500
Americas Road and Travel Club, Inc., CW, and FreedomRoads RV, Inc. and their wholly owned subsidiaries | State
Net operating loss carryforwards		422,000
Net operating loss will expire if not used		$ 422,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurements
Transfers of assets between the fair value measurement levels 1 to level 2	$ 0	$ 0
Transfers of assets between the fair value measurement levels 2 to level 1	0	0
Transfers of liabilities between the fair value measurement levels 1 to level 2	0	0
Transfers of liabilities between the fair value measurement levels 2 to level 1	0	0
Transfers of assets or liabilities between the fair value measurement levels 3	0	0
Level 2 | Carrying Value | Term Loan Facility
Fair Value Measurements
Debt instrument	1,130,356	1,148,115
Level 2 | Carrying Value | Floor Plan Facility
Fair Value Measurements
Debt instrument	20,885	40,885
Level 2 | Carrying Value | Real Estate Facility
Fair Value Measurements
Debt instrument	4,493	19,521
Level 2 | Fair Value | Term Loan Facility
Fair Value Measurements
Debt instrument	1,132,979	1,104,947
Level 2 | Fair Value | Floor Plan Facility
Fair Value Measurements
Debt instrument	20,791	41,299
Level 2 | Fair Value | Real Estate Facility
Fair Value Measurements
Debt instrument	$ 4,600	$ 21,030

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies
Self Insurance Reserve	$ 19.6	$ 18.4
Letters of credit	17.7	15.3
FreedomRoads, LLC Floor Plan Facility
Commitments and Contingencies
Letters of credit	11.7	$ 11.2
Broad market sponsorship agreement
Other agreements
2021	11.6
2022	14.5
2023	5.6
2024	4.5
Amended Subscription Agreement
Other agreements
2019	4.5
2020	4.8
2021	$ 5

Commitments and Contingencies -

Commitments and Contingencies - Litigation (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)	Aug. 06, 2019lawsuit
U S District Court of Delaware Cases
Commitments and Contingencies
Number of lawsuits | lawsuit		2
Class Action and the PAGA Action
Commitments and Contingencies
Reserve for estimated losses | $	$ 4
Maximum
Commitments and Contingencies
Period for severance pay beyond termination date	1 year

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Nov. 01, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2013	Jan. 31, 2012
Stephen Adams
Related party transactions
Payments to related party for purchasing advertising services		$ 0	$ 200	$ 200
Mr. Lemonis
Related party transactions
Related party expense		0		400
Related Party Agreement | Andris A. Baltins
Related party transactions
Related party expense		200	300	300
Related Party Agreement | Precise Graphix
Related party transactions
Related party expense		300	1,400	5,600
Advertising Agreement | Cumulus Media
Related party transactions
Related party expense				300
FreedomRoads | Lease Agreement | Managers and Officers
Related party transactions
Related party expense		$ 2,000	2,200	$ 1,900
FreedomRoads | Lease Agreement | Mr. Lemonis
Related party transactions
Base rent					$ 31,500	$ 29,000
Additional monthly base rent	$ 5,200
Mr. Lemonis
Related party transactions
Related party expense			$ 0
Mr. Lemonis | Precise Graphix
Related party transactions
Economic interest (as a percent)		67.00%
Mr. Lemonis | JD Custom | Mr. Lemonis
Related party transactions
Indirect interest		52.00%
Stephen Adams | Adams Radio | Stephen Adams
Related party transactions
Indirect interest		90.00%

Acquisitions - General Informat

Acquisitions - General Information (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2020USD ($)	Dec. 31, 2020USD ($)locationstore	Dec. 31, 2019USD ($)location	Dec. 31, 2018USD ($)
Acquisitions
Real properties purchased		$ 53,100	$ 31,600
Real properties purchased from parties related to the sellers of the dealership businesses		34,100	2,900
Payments to acquire assets		84,923	88,356	$ 254,359
Real Properties Acquired		53,100	$ 31,600
RV Dealership Groups
Acquisitions
Real properties purchased		$ 53,100
Number of locations acquired | location		9	5
Number of locations to open in 2021 | store		3
Payments to acquire assets		$ 37,900	$ 48,400
Real Properties Acquired		53,100
RV Dealership Groups | FreedomRoads, LLC Floor Plan Facility
Acquisitions
Borrowing to purchase of business		$ 10,300	$ 13,900
RV furniture distributor
Acquisitions
Cash paid for acquisition	$ 9,700

Acquisitions - Assets (Liabilit

Acquisitions - Assets (Liabilities) Acquired (Assumed) at Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Tangible assets (liabilities) acquired (assumed):
Goodwill	$ 413,123	$ 386,941	$ 359,117
Cash paid for acquisitions, net of cash acquired	47,571	48,418	$ 99,240
2019 Acquisitions
Tangible assets (liabilities) acquired (assumed):
Inventories, net		19,856
Prepaid expenses and other assets		95
Property and equipment, net		359
Accounts payable		(2)
Accrued liabilities		(114)
Total tangible net assets acquired		20,194
Goodwill		28,224
Purchase Price		48,418
Cash paid for acquisitions, net of cash acquired		48,418
Inventory purchases financed via floor plan		(13,854)
Cash payment net of floor plan financing		$ 34,564
2020 Acquisitions
Tangible assets (liabilities) acquired (assumed):
Accounts receivable, net	3,094
Inventories, net	17,211
Prepaid expenses and other assets	643
Property and equipment, net	1,077
Operating lease assets	1,859
Finance lease asset	2,373
Accounts payable	(1,628)
Accrued liabilities	(2,839)
Operating lease liabilities	(1,859)
Finance lease liabilities	(2,373)
Total tangible net assets acquired	17,558
Intangible assets	3,832
Goodwill	26,182
Purchase Price	47,572
Cash paid for acquisitions, net of cash acquired	47,572
Inventory purchases financed via floor plan	(10,350)
Cash payment net of floor plan financing	37,222
2020 Acquisitions | Trademarks and trade names
Tangible assets (liabilities) acquired (assumed):
Intangible assets	725
2020 Acquisitions | Supplier And Customer Relationships [Member]
Tangible assets (liabilities) acquired (assumed):
Intangible assets	$ 3,107

Acquisitions - Goodwill, Revenu

Acquisitions - Goodwill, Revenue and Pre-Tax (Details) - Assets Or Stock Of Multiple Dealership Locations Acquired [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Acquisitions
Goodwill for tax purposes	$ 26.2	$ 28.2
Revenue	10.1	44.6
Pre-tax income (loss)	$ 0.5	$ 0.3

Statement of Cash Flows (Detail

Statement of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash paid during the period for:
Interest	$ 72,458	$ 105,776	$ 94,591
Income taxes	52,938	5,900	17,683
Non-cash investing activities:
Derecognized property and equipment for leases that qualified as operating leases after completion of construction			(4,628)
Leasehold improvements paid by lessor	37	21,749	27,022
Vehicles transferred to property and equipment from inventory	70	827	919
Derecognition of non-tenant improvements			8,134
Capital expenditures in accounts payable and accrued liabilities	3,738	3,158	8,441
Non-cash financing activities:
Par value of Class A common stock issued in exchange for common units in CWGS, LLC	48		3
Par value of Class A common stock issued for vested restricted stock units	$ 3	4	3
Par value of Class A common stock repurchased for withholding taxes on vested RSUs		$ (1)	$ (1)

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Minimum age to participate in 401(k) plan	18 years
Contribution expenses	$ 0	$ 0	$ 0
Non-highly Compensated Employees
Portion of eligible compensation that may be deferred (as a percent)	75.00%
Highly Compensated Employees
Portion of eligible compensation that may be deferred (as a percent)	15.00%

Stockholders' Equity - CWGS, LL

Stockholders' Equity - CWGS, LLC Ownership (Details) - CWGS, LLC	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
CWH
Common Stock
Ownership interest	47.40%	42.00%	41.90%
Continuing Equity Owners
Common Stock
Percentage of ownership	52.60%	58.00%	58.10%

Stockholders' Equity - Common S

Stockholders' Equity - Common Stock (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)Vote$ / sharesshares	Oct. 30, 2020USD ($)	Dec. 31, 2019shares
Stock Repurchase Program
Authorized amount for stock repurchase program | $		$ 100,000
Shares repurchased (in shares)	811,223
Payment for share repurchased | $	$ 21,522
Weighted average price (per share) | $ / shares	$ 26.53
Shares reissued from treasury stock	238,776
Remaining approve amount | $	$ 78,500
Common Class A
Common Stock
Common stock, authorized	250,000,000		250,000,000
Votes per share | Vote	1
Common Class B
Common Stock
Common stock, authorized	75,000,000		75,000,000
Votes per share | Vote	1
Common Class C
Common Stock
Common stock, authorized	1		1
Voting power (as a percent)	5.00%
M L Related Parties | Common Class B
Common Stock
Voting power (as a percent)	47.00%
M L Related Parties | Common Class A And Class B | CWGS, LLC | Minimum
Common Stock
Percentage of ownership	27.50%

Stockholders' Equity - Public O

Stockholders' Equity - Public Offerings (Details) - USD ($)	1 Months Ended	12 Months Ended
	May 31, 2018	Dec. 31, 2021	Dec. 31, 2018
Public offerings
Consideration for redemption of shares		$ 0
Proceeds from short-swing profit disgorgement			$ 557,000
M L Acquisition Company LLC And M L Related Parties
Public offerings
Proceeds from short-swing profit disgorgement	$ 557,000

Non-Controlling Interests (Deta

Non-Controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summarizes the effects of change in ownership:
Net income (loss) attributable to Camping World Holdings, Inc.	$ 14,378	$ 58,050	$ 58,077	$ (8,160)	$ (28,521)	$ (30,692)	$ 18,017	$ (19,395)	$ 122,345	$ (60,591)	$ 10,398
Transfers to non-controlling interests:
Change from net income (loss) attributable to Camping World Holdings, Inc. and transfers to non-controlling interests									$ 148,616	$ (61,810)	14,365
Common Class A
Non-Controlling Interests
Common stock, issued	43,083,008				37,701,584				43,083,008	37,701,584
Common Class B
Non-Controlling Interests
Common stock, issued	69,066,445				69,066,445				69,066,445	69,066,445
Additional Paid-in Capital
Transfers to non-controlling interests:
Decrease in additional paid-in capital as a result of the purchase of common units from CWGS, LLC with proceeds from the exercise of stock options									$ (2,602)		(86)
(Decrease) increase in additional paid-in capital as a result of the vesting of restricted stock units									(6,398)	$ 736	881
Decrease in additional paid-in capital as a result of repurchases of Class A common stock for withholding taxes on vested RSUs									(1,910)	(1,477)	(1,364)
Increase in additional paid-in capital as a result of repurchases of Class A common stock for treasury stock									11,616
Increase (decrease) in additional paid-in capital as a result of the redemption of common units of CWGS, LLC									$ 25,565	$ (478)	$ 4,536
CWGS, LLC
Non-Controlling Interests
LLC outstanding	89,043,176				89,158,273				89,043,176	89,158,273
Common units redeemed									4,700,000		100,000
CWGS, LLC | Common Class A
Non-Controlling Interests
Common stock, issued	4,700,000								4,700,000		100,000
CWGS, LLC | Common Class B
Non-Controlling Interests
Common units cancelled									4,700,000		100,000
CWH | CWGS, LLC
Non-Controlling Interests
Units held	42,226,389				37,488,989				42,226,389	37,488,989
Ownership interest									47.40%	42.00%	41.90%
Continuing Equity Owners | CWGS, LLC
Non-Controlling Interests
Units held	46,816,787				51,669,284				46,816,787	51,669,284
Percentage of ownership	52.60%				58.00%				52.60%	58.00%	58.10%

Equity-based Compensation Pla_3

Equity-based Compensation Plans - Summary of Equity-Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity-based compensation expense:
Equity based compensation expense	$ 20,661	$ 13,145	$ 14,088
Total income tax benefit recognized related to equity-based compensation	2,176	1,275	1,350
Costs applicable to revenue
Equity-based compensation expense:
Equity based compensation expense	903	847	820
Selling, general, and administrative
Equity-based compensation expense:
Equity based compensation expense	$ 19,758	$ 12,298	$ 13,268

Equity-based Compensation Pla_4

Equity-based Compensation Plans - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2016	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Plans
Aggregate Intrinsic Value - Outstanding		$ 2,300		$ 100
Actual tax benefit for the tax deductions from the exercise of stock options		300		300
Stock Options
Exercised (in shares)			0
Stock options additional information
Aggregate Intrinsic Value - Outstanding		$ 2,300		$ 100
2016 Plan | Employees | Maximum
Share-based Compensation Plans
Vesting period		5 years
2016 Plan | Employees | Minimum
Share-based Compensation Plans
Vesting period	3 years
2016 Plan | Stock options
Share-based Compensation Plans
Number of awards available under the plan (in shares)	14,693,518
Term of awards	10 years
Aggregate Intrinsic Value - Outstanding		$ 1,950
Stock Options
Outstanding at December 31, 2019 (in shares)		745
Exercised (in shares)		(213)
Forfeited (in shares)		(62)
Outstanding at December 31, 2020 (in shares)		470	745
Options exercisable at December 31, 2020 (in shares)		470
Weighted Average Exercise Price
Outstanding at December 31, 2019 (per share)		$ 21.86
Exercised (per share)		21.73
Forfeited (per share)		22
Outstanding at December 31, 2020 (per share)		21.90	$ 21.86
Options exercisable at December 31, 2020 (per share)		$ 21.90
Stock options additional information
Aggregate Intrinsic Value - Outstanding		$ 1,950
Aggregate Intrinsic Value - Exercisable		$ 1,950
Weighted Average Remaining Contractual Life - Outstanding (in years)		5 years 8 months 12 days
Weighted Average Remaining Contractual Life - Exercisable (in years)		5 years 8 months 12 days
2016 Plan | Restricted Stock Units (RSUs)
Share-based Compensation Plans
Unrecognized compensation costs recognition period (in years)		3 years 10 months 24 days
2016 Plan | Restricted Stock Units (RSUs) | Non-employee Directors | Maximum
Share-based Compensation Plans
Vesting period		3 years
2016 Plan | Restricted Stock Units (RSUs) | Non-employee Directors | Minimum
Share-based Compensation Plans
Vesting period		1 year

Equity-based Compensation Pla_5

Equity-based Compensation Plans - Restricted Stock Units (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Plans
Intrinsic value of unvested units	$ 16,700	$ 11,800	$ 5,600
Actual tax benefit for the tax deductions from the vesting of restricted stock units	$ 2,100	$ 700	$ 700
2016 Plan | Restricted Stock Units (RSUs)
Share-based Compensation Plans
Grant date fair value (per unit)	$ 32.54	$ 11.17	$ 25.73
Intrinsic value of unvested units	$ 88,400
Unrecognized compensation costs recognition period (in years)	3 years 10 months 24 days
Restricted Stock Units
Outstanding at December 31, 2019 (in shares)	1,806
Granted (in shares)	2,520
Vested (in shares)	(661)
Forfeited (in shares)	(273)
Outstanding at September 30, 2020 (in shares)	3,392	1,806
Weighted Average Grant Date Fair Value
Weighted average grant date fair value (per share)		$ 19.68
Granted (per share)	$ 32.54	$ 11.17	$ 25.73
Vested (per share)	20.83
Forfeited (per share)	24.40
Vesting delayed by deferral conditions (per share)	$ 28.87

Equity-based Compensation Pla_6

Equity-based Compensation Plans - Consulting Agreement (Details) - USD ($) $ in Thousands	Nov. 12, 2019	Jan. 21, 2019	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense				$ 20,661	$ 13,145	$ 14,088
Mr. Flanigan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	60,000	62,500
Share based compensation expense			$ 1,300
Mr. Flanigan | Restricted Stock Units (RSUs) | Vest on January 1, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in units)			41,667	41,667
Mr. Flanigan | Restricted Stock Units (RSUs) | Vest on November 15, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in units)			20,000	20,000
2016 Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in units)			3,392,000	3,392,000	1,806,000
Unrecognized compensation costs			$ 87,500	$ 87,500

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Numerator:
Net income (loss)	$ 40,338	$ 154,784	$ 163,222	$ (14,129)	$ (80,854)	$ (65,263)	$ 52,623	$ (26,807)	$ 344,215	$ (120,301)	$ 65,581
Less: net (income) loss attributable to non-controlling interests									(221,870)	59,710	(55,183)
Net income (loss) attributable to Camping World Holdings, Inc. - basic and diluted									122,345	(60,591)	10,398
Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs									1,304	(71)
Add: reallocation of net income attributable to non-controlling interests from the assumed exchange of common units of CWGS, LLC for Class A common stock											14,240
Net income (loss) attributable to Camping World Holdings, Inc. - diluted									$ 123,649	$ (60,662)	$ 24,638
Denominator:
Weighted-average shares of Class A common stock outstanding - basic									39,383	37,310	36,985
Dilutive restricted stock units									547	40	83
Dilutive common units of CWGS, LLC that are convertible into Class A common stock											51,732
Weighted-average shares of Class A common stock outstanding - diluted									40,009	37,350	88,878
Earnings (loss) per share of Class A common stock - basic									$ 3.11	$ (1.62)	$ 0.28
Earnings (loss) per share of Class A common stock - diluted									$ 3.09	$ (1.62)	$ 0.28
Stock Option
Denominator:
Antidilutive securities excluded from the computation of diluted earnings per share									361	795	681
Restricted Stock Units (RSUs)
Denominator:
Antidilutive securities excluded from the computation of diluted earnings per share									1,349	1,179	1,037
Common Class A
Denominator:
Weighted-average shares of Class A common stock outstanding - basic									39,383	37,310	36,985
Dilutive options to purchase Class A common stock									79		78
Weighted-average shares of Class A common stock outstanding - diluted									40,009	37,350	88,878
Earnings (loss) per share of Class A common stock - basic	$ 0.34	$ 1.46	$ 1.54	$ (0.22)	$ (0.76)	$ (0.82)	$ 0.48	$ (0.52)	$ 3.11	$ (1.62)	$ 0.28
Earnings (loss) per share of Class A common stock - diluted	$ 0.34	$ 1.44	$ 1.54	$ (0.22)	$ (0.89)	$ (0.82)	$ 0.46	$ (0.52)	$ 3.09	$ (1.62)	$ 0.28
CWGS, LLC | Common Units
Denominator:
Antidilutive securities excluded from the computation of diluted earnings per share									49,916	51,670

Segments Information - General

Segments Information - General Information (Details) - segment	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segments Information
Number of reportable segments	2	2

Segments Information - Revenue

Segments Information - Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segments Information
Revenue	$ 1,133,820	$ 1,678,753	$ 1,606,745	$ 1,027,273	$ 964,931	$ 1,387,972	$ 1,474,347	$ 1,064,769	$ 5,446,591	$ 4,892,019	$ 4,792,017
Intersegment Eliminations
Segments Information
Revenue									(21,594)	(21,143)	(22,130)
Good Sam Services and Plans
Segments Information
Revenue									180,977	179,538	172,660
Good Sam Services and Plans | Intersegment Eliminations
Segments Information
Revenue									(1,781)	(1,988)	(1,981)
New vehicles
Segments Information
Revenue									2,823,311	2,370,321	2,512,854
New vehicles | Intersegment Eliminations
Segments Information
Revenue									(5,985)	(5,156)	(5,124)
Used vehicles
Segments Information
Revenue									984,853	857,628	732,017
Used vehicles | Intersegment Eliminations
Segments Information
Revenue									(2,536)	(2,404)	(2,091)
Products, service and other
Segments Information
Revenue									948,890	1,034,577	949,383
Products, service and other | Intersegment Eliminations
Segments Information
Revenue									(1,357)	(1,862)	(2,431)
Finance and insurance, net
Segments Information
Revenue									464,261	401,302	383,711
Finance and insurance, net | Intersegment Eliminations
Segments Information
Revenue									(9,935)	(9,733)	(10,503)
Good Sam Club
Segments Information
Revenue									44,299	48,653	41,392
Good Sam Services and Plans | Operating Segments
Segments Information
Revenue									182,758	181,526	174,641
Good Sam Services and Plans | Good Sam Services and Plans | Operating Segments
Segments Information
Revenue									182,758	181,526	174,641
RV and Outdoor Retail
Segments Information
Revenue									5,265,614	4,712,481	4,619,357
RV and Outdoor Retail | Operating Segments
Segments Information
Revenue									5,285,427	4,731,636	4,639,506
RV and Outdoor Retail | New vehicles
Segments Information
Revenue									2,823,311	2,370,321	2,512,854
RV and Outdoor Retail | New vehicles | Operating Segments
Segments Information
Revenue									2,829,296	2,375,477	2,517,978
RV and Outdoor Retail | Used vehicles
Segments Information
Revenue									984,853	857,628	732,017
RV and Outdoor Retail | Used vehicles | Operating Segments
Segments Information
Revenue									987,389	860,032	734,108
RV and Outdoor Retail | Products, service and other
Segments Information
Revenue									948,890	1,034,577	949,383
RV and Outdoor Retail | Products, service and other | Operating Segments
Segments Information
Revenue									950,247	1,036,439	951,814
RV and Outdoor Retail | Finance and insurance, net
Segments Information
Revenue									464,261	401,302	383,711
RV and Outdoor Retail | Finance and insurance, net | Operating Segments
Segments Information
Revenue									474,196	411,035	394,214
RV and Outdoor Retail | Good Sam Club
Segments Information
Revenue									44,299	48,653	41,392
RV and Outdoor Retail | Good Sam Club | Operating Segments
Segments Information
Revenue									$ 44,299	$ 48,653	$ 41,392

Segments Information - Segment

Segments Information - Segment Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segments Information
Total segment income	$ 66,497	$ 193,093	$ 203,340	$ 13,265	$ (66,132)	$ (32,307)	$ 90,304	$ 16,882	$ 476,195	$ 8,747	$ 201,015
Selling, general, and administrative expense									(1,156,071)	(1,141,643)	(1,069,359)
Depreciation and amortization									(51,981)	(59,932)	(49,322)
Other interest expense, net									(54,689)	(69,363)	(63,329)
Tax Receivable Agreement liability adjustment									141	10,005	(1,324)
Loss and expense on debt restructure											(2,056)
Income (loss) before income taxes									401,958	(90,719)	96,371
Operating Segments
Segments Information
Total segment income									518,238	41,026	219,223
Depreciation and amortization									(51,981)	(59,932)	(48,734)
Other interest expense, net									(8,086)	(8,940)	(8,077)
Corporate, Non-Segment
Segments Information
Selling, general, and administrative expense									(9,751)	(12,455)	(6,821)
Depreciation and amortization											(588)
Other interest expense, net									(46,603)	(60,423)	(55,252)
Good Sam Services and Plans | Operating Segments
Segments Information
Total segment income									88,288	83,635	81,138
Depreciation and amortization									(3,474)	(4,304)	(3,328)
Other interest expense, net									(5)	1	(4)
RV and Outdoor Retail | Operating Segments
Segments Information
Total segment income									429,950	(42,609)	138,085
Depreciation and amortization									(48,507)	(55,628)	(45,406)
Other interest expense, net									$ (8,081)	$ (8,941)	$ (8,073)

Segments Information - Deprecia

Segments Information - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segments Information
Depreciation and amortization	$ 51,981	$ 59,932	$ 49,322
Operating Segments
Segments Information
Depreciation and amortization	51,981	59,932	48,734
Corporate, Non-Segment
Segments Information
Depreciation and amortization			588
Good Sam Services and Plans | Operating Segments
Segments Information
Depreciation and amortization	3,474	4,304	3,328
RV and Outdoor Retail | Operating Segments
Segments Information
Depreciation and amortization	$ 48,507	$ 55,628	$ 45,406

Segments Information - Other In

Segments Information - Other Interest Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segments Information
Other interest expense, net	$ 54,689	$ 69,363	$ 63,329
Operating Segments
Segments Information
Other interest expense, net	8,086	8,940	8,077
Corporate, Non-Segment
Segments Information
Other interest expense, net	46,603	60,423	55,252
Good Sam Services and Plans | Operating Segments
Segments Information
Other interest expense, net	5	(1)	4
RV and Outdoor Retail | Operating Segments
Segments Information
Other interest expense, net	$ 8,081	$ 8,941	$ 8,073

Segments Information - Assets (

Segments Information - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segments Information
Assets	$ 3,256,431	$ 3,376,240	$ 2,806,687
Operating Segments
Segments Information
Assets	3,022,462	3,186,012	2,613,531
Corporate, Non-Segment
Segments Information
Assets	233,969	190,228	193,156
RV and Outdoor Retail | Operating Segments
Segments Information
Assets	2,881,637	3,047,652	2,467,519
Consumer Services and Plans | Operating Segments
Segments Information
Assets	$ 140,825	$ 138,360	$ 146,012

Segment Information - Capital E

Segment Information - Capital Expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segments Information
Capital expenditures	$ 84,923	$ 88,356	$ 254,359
Operating Segments
Segments Information
Capital expenditures	84,796	88,357	254,359
Corporate, Non-Segment
Segments Information
Capital expenditures	127	(1)
Good Sam Services and Plans | Operating Segments
Segments Information
Capital expenditures	2,553	2,952	2,477
RV and Outdoor Retail | Operating Segments
Segments Information
Capital expenditures	$ 82,243	$ 85,405	$ 251,882

Quarterly Financial Informati_3

Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Long-lived asset impairment	$ 6,600		$ 4,400	$ 1,400	$ 16,300	$ 50,000				$ 12,353	$ 66,270
Restructuring Charges	6,300	$ 4,600	3,700	3,000	19,500	27,700
Goodwill impairment												$ 40,046
Quarterly Financial Information
Revenue	1,133,820	1,678,753	1,606,745	1,027,273	964,931	1,387,972	$ 1,474,347	$ 1,064,769		5,446,591	4,892,019	4,792,017
Income (loss) from operations	66,497	193,093	203,340	13,265	(66,132)	(32,307)	90,304	16,882		476,195	8,747	201,015
Net income (loss)	40,338	154,784	163,222	(14,129)	(80,854)	(65,263)	52,623	(26,807)		344,215	(120,301)	65,581
Net income (loss) attributable to Camping World Holdings, Inc.	$ 14,378	$ 58,050	$ 58,077	$ (8,160)	$ (28,521)	$ (30,692)	$ 18,017	$ (19,395)		$ 122,345	$ (60,591)	$ 10,398
Earnings (loss) per share of Class A common stock:
Basic										$ 3.11	$ (1.62)	$ 0.28
Diluted										3.09	(1.62)	0.28
Common Class A
Earnings (loss) per share of Class A common stock:
Basic	$ 0.34	$ 1.46	$ 1.54	$ (0.22)	$ (0.76)	$ (0.82)	$ 0.48	$ (0.52)		3.11	(1.62)	0.28
Diluted	$ 0.34	$ 1.44	$ 1.54	$ (0.22)	$ (0.89)	$ (0.82)	$ 0.46	$ (0.52)		$ 3.09	$ (1.62)	$ 0.28
Retail
Goodwill impairment									$ 40,000

Schedule I - Condensed Financ_2

Schedule I - Condensed Financial Information of Registrant - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 166,072	$ 147,521
Total current assets	1,494,225	1,690,681
Deferred tax assets, net	165,708	129,710
Total assets	3,256,431	3,376,240	$ 2,806,687
Current liabilities:
Accrued liabilities	137,688	130,316
Current portion of Tax Receivable Agreement liability	8,089	6,563
Total current liabilities	1,035,521	1,295,954
Liabilities under Tax Receivable Agreement, net of current portion	137,845	108,228
Total liabilities	3,265,662	3,535,476
Commitments and contingencies
Stockholders' equity (deficit)
Preferred stock, par value $0.01 per share - 20,000,000 shares authorized; none issued and outstanding as of December 31, 2020 and December 31, 2019
Additional paid-in capital	63,342	50,152
Treasury stock, at cost; 572,447 and 0 shares as of December 31, 2020 and December 31, 2019	15,187
Retained deficit	(21,814)	(83,134)
Total stockholders' equity (deficit) attributable to Camping World Holdings, Inc.	26,774	(32,602)
Total liabilities and stockholders' deficit	3,256,431	3,376,240
Common Class A
Stockholders' equity (deficit)
Common stock	428	375
Common Class B
Stockholders' equity (deficit)
Common stock	5	5
Common Class C
Stockholders' equity (deficit)
Common stock
Parent Company | Reportable Legal Entities
Assets
Cash and cash equivalents	37,355	44,991
Prepaid income taxes and other	4,073	1,388
Total current assets	41,428	46,379
Deferred tax assets, net	163,759	127,689
Investment in subsidiaries	(32,479)	(91,879)
Total assets	172,708	82,189
Current liabilities:
Current portion of Tax Receivable Agreement liability	8,089	6,563
Total current liabilities	8,089	6,563
Liabilities under Tax Receivable Agreement, net of current portion	137,845	108,228
Total liabilities	145,934	114,791
Commitments and contingencies
Stockholders' equity (deficit)
Preferred stock, par value $0.01 per share - 20,000,000 shares authorized; none issued and outstanding as of December 31, 2020 and December 31, 2019
Additional paid-in capital	63,342	50,152
Treasury stock, at cost; 572,447 and 0 shares as of December 31, 2020 and December 31, 2019	(15,187)
Retained deficit	(21,814)	(83,134)
Total stockholders' equity (deficit) attributable to Camping World Holdings, Inc.	26,774	(32,602)
Total liabilities and stockholders' deficit	172,708	82,189
Parent Company | Reportable Legal Entities | Common Class A
Stockholders' equity (deficit)
Common stock	428	375
Parent Company | Reportable Legal Entities | Common Class B
Stockholders' equity (deficit)
Common stock	5	5
Parent Company | Reportable Legal Entities | Common Class C
Stockholders' equity (deficit)
Common stock

Schedule I - Condensed Financ_3

Schedule I - Condensed Financial Information of Registrant - Balance Sheets Additional (Details) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Stockholders' equity (deficit)
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Treasury Stock, (In shares)	572,447	0
Common Class A
Stockholders' equity (deficit)
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	250,000,000	250,000,000
Common stock, issued	43,083,008	37,701,584
Common stock, outstanding	42,226,389	37,488,989
Common Class B
Stockholders' equity (deficit)
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	69,066,445	69,066,445
Common stock, outstanding	45,999,132	50,706,629
Common Class C
Stockholders' equity (deficit)
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	1	1
Common stock, issued	1	1
Common stock, outstanding	1	1
Parent Company | Reportable Legal Entities
Stockholders' equity (deficit)
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Treasury Stock, (In shares)	572,447	0
Parent Company | Reportable Legal Entities | Common Class A
Stockholders' equity (deficit)
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	250,000,000	250,000,000
Common stock, issued	43,083,008	37,701,584
Common stock, outstanding	42,226,389	37,488,989
Parent Company | Reportable Legal Entities | Common Class B
Stockholders' equity (deficit)
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	69,066,445	69,066,445
Common stock, outstanding	45,999,132	50,706,629
Parent Company | Reportable Legal Entities | Common Class C
Stockholders' equity (deficit)
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	1	1
Common stock, issued	1	1
Common stock, outstanding	1	1

Schedule I - Condensed Financ_4

Schedule I - Condensed Financial Information of Registrant - Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue:
Total revenue	$ 1,133,820	$ 1,678,753	$ 1,606,745	$ 1,027,273	$ 964,931	$ 1,387,972	$ 1,474,347	$ 1,064,769	$ 5,446,591	$ 4,892,019	$ 4,792,017
Operating expenses:
Selling, general, and administrative									1,156,071	1,141,643	1,069,359
Total operating expenses									1,226,284	1,278,651	1,161,917
Income from operations	66,497	193,093	203,340	13,265	(66,132)	(32,307)	90,304	16,882	476,195	8,747	201,015
Other interest expense, net									54,689	69,363	63,329
Tax Receivable Agreement liability adjustment									141	10,005	(1,324)
Income (loss) before income taxes									401,958	(90,719)	96,371
Income tax expense									(57,743)	(29,582)	(30,790)
Net income (loss) attributable to Camping World Holdings, Inc.	$ 14,378	$ 58,050	$ 58,077	$ (8,160)	$ (28,521)	$ (30,692)	$ 18,017	$ (19,395)	122,345	(60,591)	10,398
Parent Company | Reportable Legal Entities
Revenue:
Intercompany revenue									9,660	11,642	7,066
Total revenue									9,660	11,642	7,066
Operating expenses:
Selling, general, and administrative									9,660	11,642	7,066
Total operating expenses									9,660	11,642	7,066
Other interest expense, net									103		(15)
Tax Receivable Agreement liability adjustment									141	10,005	(1,324)
Equity in net income (loss) of subsidiaries									173,618	(43,317)	39,266
Income (loss) before income taxes									173,862	(33,312)	37,927
Income tax expense									(51,517)	(27,279)	(27,529)
Net income (loss) attributable to Camping World Holdings, Inc.									$ 122,345	$ (60,591)	$ 10,398

Schedule I - Condensed Financ_5

Schedule I - Condensed Financial Information of Registrant - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating activities
Net income (loss)	$ 14,378	$ 58,050	$ 58,077	$ (8,160)	$ (28,521)	$ (30,692)	$ 18,017	$ (19,395)	$ 122,345	$ (60,591)	$ 10,398
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred tax expense									6,606	14,897	11,364
Tax Receivable Agreement liability adjustment									(141)	(10,005)	1,324
Change in assets and liabilities, net of acquisitions:
Payment pursuant to Tax Receivable Agreement									(6,563)	(9,425)	(8,914)
Net cash provided by operating activities									747,669	251,934	136,292
Investing activities
Net cash used in investing activities									(125,935)	(104,537)	(292,689)
Financing activities
Dividends on Class A common stock									(61,025)	(22,878)	(22,697)
Proceeds from exercise of stock options									4,635		153
Repurchases of Class A common stock to treasury stock									(21,522)
Disgorgement of short-swing profits by Section 16 officer											557
Net cash (used in) provided by financing activities									(603,183)	(138,433)	70,791
Increase (decrease) in cash and cash equivalents									18,551	8,964	(85,606)
Cash and cash equivalents at beginning of the period				147,521				138,557	147,521	138,557	224,163
Cash and cash equivalents at end of the period	166,072				147,521				166,072	147,521	138,557
Parent Company | Common Class A
Financing activities
Repurchases of Class A common stock to treasury stock									(21,500)
Parent Company | Reportable Legal Entities
Operating activities
Net income (loss)									122,345	(60,591)	10,398
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in net (loss) income of subsidiaries									(173,618)	43,317	(39,266)
Deferred tax expense									6,534	14,981	10,908
Tax Receivable Agreement liability adjustment									(141)	(10,005)	1,324
Change in assets and liabilities, net of acquisitions:
Intercompany receivables										2,518	(2,518)
Prepaid income taxes and other assets									(2,685)	7,671	1,464
Accounts payable and other accrued assets											(44)
Payment pursuant to Tax Receivable Agreement									(6,563)	(9,425)	(8,914)
Net cash provided by operating activities									(54,128)	(11,534)	(26,648)
Investing activities
Purchases of LLC Interest from CWGS, LLC									(4,635)		(271)
Return of LLC Interest to CWGS, LLC for funding of Treasury Stock purchases									21,522
Distributions received from CWGS, LLC									107,517	47,866	65,940
Net cash used in investing activities									124,404	47,866	65,669
Financing activities
Dividends on Class A common stock									(61,025)	(22,878)	(22,697)
Proceeds from exercise of stock options									4,635		153
Repurchases of Class A common stock to treasury stock									(21,522)
Disgorgement of short-swing profits by Section 16 officer											557
Net cash (used in) provided by financing activities									(77,912)	(22,878)	(21,987)
Increase (decrease) in cash and cash equivalents									(7,636)	13,454	17,034
Cash and cash equivalents at beginning of the period				$ 44,991				$ 31,537	44,991	31,537	14,503
Cash and cash equivalents at end of the period	$ 37,355				$ 44,991				$ 37,355	$ 44,991	$ 31,537

Schedule I - Condensed Financ_6

Schedule I - Condensed Financial Information of Registrant - Notes to Condensed Financial Statements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Stock Repurchase Program
Shares repurchased (in shares)	811,223
Payment for share repurchased	$ 21,522,000
Weighted average price (per share)	$ 26.53
Shares reissued from treasury stock	238,776
Cash paid during the period for:
Interest	$ 72,458,000	$ 105,776,000	$ 94,591,000
Income taxes	(52,938,000)	(5,900,000)	(17,683,000)
Non-cash financing activities:
Par value of Class A common stock issued in exchange for common units in CWGS, LLC	48,000		3,000
Par value of Class A common stock issued for vested restricted stock units	$ 3,000	4,000	3,000
Par value of Class A common stock repurchased for withholding taxes on vested RSUs		(1,000)	(1,000)
Parent Company | Common Class A
Stock Repurchase Program
Shares repurchased (in shares)	811,223
Payment for share repurchased	$ 21,500,000
Weighted average price (per share)	$ 26.53
Shares reissued from treasury stock	238,776
Parent Company | Reportable Legal Entities
Basis of Presentation
Intercompany receivable	$ 0	0
Amount due related to tax receivable agreement	$ 145,900,000	114,800,000
Commitments and Contingencies
Expected future payment, as percent of tax benefits (as a percent)	85.00%
Stock Repurchase Program
Payment for share repurchased	$ 21,522,000
Cash paid during the period for:
Interest			15,000
Income taxes	47,668,000	4,235,000	14,421,000
Non-cash financing activities:
Par value of Class A common stock issued in exchange for common units in CWGS, LLC	48,000		3,000
Par value of Class A common stock issued for vested restricted stock units	$ 3,000	4,000	3,000
Par value of Class A common stock repurchased for withholding taxes on vested RSUs		$ (1,000)	$ (1,000)
Parent Company | CWGS, LLC
Stock Repurchase Program
Number of units returned	811,223

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts receivable allowance
Valuation allowance and reserves
Balance at Beginning of Period	$ 3,717	$ 4,729	$ 8,659
Additions Charged to Expense	1,068	(20)	2,444
Charged to Other Accounts	(142)	278	(5,278)
Charges Utilized (Write-off)	(1,250)	(1,270)	(1,096)
Balance at End of Period	3,393	3,717	4,729
Accounts receivable allowance | ASU 2014-09
Valuation allowance and reserves
Charged to Other Accounts			5,500
Noncurrent other assets allowance
Valuation allowance and reserves
Balance at Beginning of Period	2,753		7,187
Additions Charged to Expense		2,753
Charged to Other Accounts			(7,187)
Charges Utilized (Write-off)	$ (2,753)
Balance at End of Period		$ 2,753
Noncurrent other assets allowance | ASU 2014-09
Valuation allowance and reserves
Charged to Other Accounts			$ 7,200

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts Deferred Tax Assets - (Details) - Valuation allowance for deferred tax assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Valuation allowance and reserves
Balance at Beginning of Period	$ 266,452	$ 180,983	$ 132,468
Tax Valuation Allowance Charged to Income Tax Provision	19,058	85,903	43,175
Tax Valuation Allowance Credited to Income Tax Provision		(434)
Charged to Other Accounts	10,436		5,340
Balance at End of Period	$ 295,946	$ 266,452	$ 180,983