Lazydays (GORV) 10-Q 28 Jul 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-38424
Entity Registrant Name	Lazydays Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-4183498
Entity Address, Address Line One	4042 Park Oaks Blvd
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33610
City Area Code	813
Local Phone Number	246-4999
Title of 12(b) Security	Common stock
Trading Symbol	LAZY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,916,261
Entity Central Index Key	0001721741
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 24,173	$ 61,687
Receivables, net of allowance for doubtful accounts of $476 and $476	28,468	25,053
Inventories	389,832	378,881
Income tax receivable	6,673	7,912
Prepaid expenses and other	5,490	3,316
Total current assets	454,636	476,849
Property and equipment, net of accumulated depreciation of $40,412 and $35,275	207,568	158,991
Operating lease right-of-use assets	24,836	26,984
Goodwill	89,128	83,460
Intangible assets, net	77,999	81,665
Other assets	3,159	2,769
Total assets	857,326	830,718
Current liabilities
Accounts payable	14,587	10,843
Accrued expenses and other current liabilities	30,595	27,875
Dividends payable	1,197	1,210
Income tax payable	67	0
Floor plan notes payable, net of debt discount	305,061	348,735
Financing liability, current portion	2,301	2,281
Long-term debt, current portion	400	3,607
Operating lease liability, current portion	5,073	5,074
Total current liabilities	359,281	399,625
Long-term liabilities
Financing liability, non-current portion, net of debt discount	90,090	89,770
Revolving line of credit	45,000	0
Long term debt, non-current portion, net of debt discount	312	10,131
Operating lease liability, non-current portion	20,701	22,755
Deferred income tax liability	15,389	15,536
Warrant liabilities	0	906
Total liabilities	530,773	538,723
Commitments and contingencies
Series A convertible preferred stock; 600,000 shares, designated, issued, and outstanding; liquidation preference of $60,000	54,983	54,983
Stockholders’ equity
Preferred stock, $0.0001 par value; 5,000,000 shares authorized;	0	0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 17,328,483 and 14,515,253 shares issued and 13,916,261 and 11,112,464 shares outstanding	0	0
Additional paid-in capital	162,211	130,828
Treasury stock, at cost, 3,412,222 and 3,402,789 shares	(57,128)	(57,019)
Retained earnings	166,487	163,203
Total stockholders’ equity	271,570	237,012
Total liabilities and stockholders’ equity	$ 857,326	$ 830,718

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 476	$ 476
Accumulated depreciation	$ 40,412	$ 35,275
Series A convertible preferred stock, shares designated (in shares)	600,000	600,000
Series A convertible preferred stock, shares issued (in shares)	600,000	600,000
Series A convertible preferred stock, shares outstanding (in shares)	600,000	600,000
Series A convertible preferred stock, liquidation preference, value	$ 60,000	$ 60,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	17,328,483	14,515,253
Common stock, shares outstanding (in shares)	13,916,261	11,112,464
Treasury stock (in shares)	3,412,222	3,402,789

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue
Revenue	$ 308,380	$ 373,552	$ 604,036	$ 749,713
Cost applicable to revenues
Cost applicable to revenues	240,657	274,935	472,422	552,279
Gross profit	67,723	98,617	131,614	197,434
Depreciation and amortization	4,459	4,052	8,862	8,136
Selling, general, and administrative expenses	50,480	61,605	104,012	117,709
Income from operations	12,784	32,960	18,740	71,589
Other income (expense)
Floor plan interest expense	(5,835)	(1,466)	(11,366)	(2,442)
Other interest expense	(2,083)	(1,919)	(3,783)	(3,855)
Change in fair value of warrant liabilities	0	9,652	856	11,192
Total other (expense) income, net	(7,918)	6,267	(14,293)	4,895
Income before income tax expense	4,866	39,227	4,447	76,484
Income tax expense	(1,306)	(7,383)	(1,163)	(16,356)
Net income	3,560	31,844	3,284	60,128
Dividends on Series A convertible preferred stock	(1,196)	(1,197)	(2,380)	(2,381)
Net income and comprehensive income attributable to common stock and participating securities	2,364	30,647	904	57,747
Net earnings allocated to common stock and participating securities	2,364	30,647	904	57,747
Net income and comprehensive income attributable to common stock and participating securities	$ 2,364	$ 30,647	$ 904	$ 57,747
EPS:
Basic (in dollars per share)	$ 0.12	$ 1.76	$ 0.05	$ 3.14
Diluted (in dollars per share)	$ 0.12	$ 0.81	$ 0	$ 1.98
Weighted average shares outstanding:
Basic (in shares)	14,181,659	11,394,761	13,066,607	12,336,431
Diluted (in shares)	14,292,064	12,871,296	13,188,135	13,914,982
New vehicle retail
Revenue
Revenue	$ 182,752	$ 219,186	$ 359,499	$ 436,622
Cost applicable to revenues
Cost applicable to revenues	158,144	175,109	311,475	347,714
Pre-owned vehicle retail
Revenue
Revenue	90,991	112,430	175,766	228,930
Cost applicable to revenues
Cost applicable to revenues	72,425	83,627	139,953	171,910
Vehicle wholesale
Revenue
Revenue	1,716	5,704	3,424	12,228
Cost applicable to revenues
Cost applicable to revenues	1,685	5,834	3,406	12,413
Finance and insurance
Revenue
Revenue	17,742	21,382	34,623	43,017
Cost applicable to revenues
Cost applicable to revenues	810	843	1,503	1,540
Service, body and parts and other
Revenue
Revenue	15,179	14,850	30,724	28,916
Cost applicable to revenues
Cost applicable to revenues	7,517	7,656	14,698	14,376
LIFO
Cost applicable to revenues
Cost applicable to revenues	$ 76	$ 1,866	$ 1,387	$ 4,326

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In capital	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2021		13,694,417	707,312
Beginning balance at Dec. 31, 2021	$ 206,126	$ 0	$ (12,515)	$ 121,831	$ 96,810
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	523			523
Repurchase of treasury stock (in shares)			1,086,797
Repurchase of treasury stock	(19,175)		$ (19,175)
Conversion of warrant, options and restricted stock units (in shares)		148,765
Conversion of warrant, options and restricted stock units	1,867			1,867
Dividends on Series A preferred stock	(1,184)			(1,184)
Net income	28,284				28,284
Ending balance (in shares) at Mar. 31, 2022		13,843,182	1,794,109
Ending balance at Mar. 31, 2022	216,441	$ 0	$ (31,690)	123,037	125,094
Beginning balance (in shares) at Dec. 31, 2021		13,694,417	707,312
Beginning balance at Dec. 31, 2021	206,126	$ 0	$ (12,515)	121,831	96,810
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	60,128
Ending balance (in shares) at Jun. 30, 2022		13,914,792	2,960,718
Ending balance at Jun. 30, 2022	229,782	$ 0	$ (50,681)	123,525	156,938
Beginning balance (in shares) at Mar. 31, 2022		13,843,182	1,794,109
Beginning balance at Mar. 31, 2022	216,441	$ 0	$ (31,690)	123,037	125,094
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	729			729
Repurchase of treasury stock (in shares)			1,166,609
Repurchase of treasury stock	(18,991)		$ (18,991)
Conversion of warrant, options and restricted stock units (in shares)		31,750
Conversion of warrant, options and restricted stock units	354			354
Dividends on Series A preferred stock	(1,197)			(1,197)
Shares issued pursuant to the Employee Stock Purchase Plan (in shares)		39,860
Shares issued pursuant to the Employee Stock Purchase Plan	602			602
Net income	31,844				31,844
Ending balance (in shares) at Jun. 30, 2022		13,914,792	2,960,718
Ending balance at Jun. 30, 2022	$ 229,782	$ 0	$ (50,681)	123,525	156,938
Beginning balance (in shares) at Dec. 31, 2022	11,112,464	14,515,253	3,402,789
Beginning balance at Dec. 31, 2022	$ 237,012	$ 0	$ (57,019)	130,828	163,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	797			797
Repurchase of treasury stock (in shares)			9,433
Repurchase of treasury stock	(109)		$ (109)
Conversion of warrant, options and restricted stock units (in shares)		2,739,975
Conversion of warrant, options and restricted stock units	31,238			31,238
Disgorgement of short-swing profits	622			622
Dividends on Series A preferred stock	(1,184)			(1,184)
Net income	(276)				(276)
Ending balance (in shares) at Mar. 31, 2023		17,255,228	3,412,222
Ending balance at Mar. 31, 2023	$ 268,100	$ 0	$ (57,128)	162,301	162,927
Beginning balance (in shares) at Dec. 31, 2022	11,112,464	14,515,253	3,402,789
Beginning balance at Dec. 31, 2022	$ 237,012	$ 0	$ (57,019)	130,828	163,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 3,284
Ending balance (in shares) at Jun. 30, 2023	13,916,261	17,328,483	3,412,222
Ending balance at Jun. 30, 2023	$ 271,570	$ 0	$ (57,128)	162,211	166,487
Beginning balance (in shares) at Mar. 31, 2023		17,255,228	3,412,222
Beginning balance at Mar. 31, 2023	268,100	$ 0	$ (57,128)	162,301	162,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	842			842
Repurchase of treasury stock	0
Conversion of warrant, options and restricted stock units (in shares)		45,989
Conversion of warrant, options and restricted stock units	0
Dividends on Series A preferred stock	(1,197)			(1,197)
Shares issued pursuant to the Employee Stock Purchase Plan (in shares)		27,266
Shares issued pursuant to the Employee Stock Purchase Plan	265			265
Net income	$ 3,560				3,560
Ending balance (in shares) at Jun. 30, 2023	13,916,261	17,328,483	3,412,222
Ending balance at Jun. 30, 2023	$ 271,570	$ 0	$ (57,128)	$ 162,211	$ 166,487

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flows From Operating Activities
Net income	$ 3,284,000	$ 60,128,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock based compensation	1,639,000	1,252,000
Bad debt expense	9,000	76,000
Depreciation of property and equipment	5,195,000	4,521,000
Amortization of intangible assets	3,667,000	3,615,000
Amortization of debt discount	655,000	186,000
Non-cash lease expense	93,000	138,000
Loss on sale of property and equipment	0	2,000
Deferred income taxes	(147,000)	0
Change in fair value of warrant liabilities	(856,000)	(11,192,000)
Tax benefit related to stock-based awards	0	79,000
Impairment charges	538,000	0
Changes in operating assets and liabilities (net of acquisitions):
Receivables	(3,424,000)	(3,665,000)
Inventories	(4,346,000)	(79,231,000)
Prepaid expenses and other	(2,712,000)	(1,144,000)
Income tax receivable/payable	1,239,000	(3,560,000)
Other assets	(390,000)	(423,000)
Accounts payable	3,744,000	(4,494,000)
Accrued expenses and other current liabilities	2,517,000	1,967,000
Total Adjustments	7,421,000	(91,873,000)
Net Cash Provided By (Used In) Operating Activities	10,705,000	(31,745,000)
Cash Flows From Investing Activities
Cash paid for acquisitions	(19,730,000)	0
Proceeds from sales of property and equipment	0	18,000
Purchases of property and equipment	(46,312,000)	(12,730,000)
Net Cash Used In Investing Activities	(66,042,000)	(12,712,000)
Cash Flows From Financing Activities
Net (repayments) borrowings under M&T bank floor plan	(44,293,000)	89,487,000
Borrowings under revolving line of credit	45,000,000	0
Repayment of long term debt with M&T bank	(12,245,000)	(2,806,000)
Proceeds from financing liability	1,384,000	4,242,000
Repayments of financing liability	(1,041,000)	(958,000)
Payment of dividends on Series A preferred stock	(2,393,000)	(2,394,000)
Repurchase of Treasury Stock	(109,000)	(38,166,000)
Proceeds from shares issued pursuant to the Employee Stock Purchase Plan	265,000	602,000
Proceeds from exercise of warrants	30,543,000	513,000
Proceeds from exercise of stock options	911,000	1,706,000
Disgorgement of short-swing profits	622,000	0
Repayments of acquisition notes payable	0	(530,000)
Loan issuance costs	(821,000)	0
Net Cash Provided By Financing Activities	17,823,000	51,696,000
Net (Decrease) Increase In Cash	(37,514,000)	7,239,000
Cash - Beginning	61,687,000	98,120,000
Cash - Ending	24,173,000	105,359,000
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	2,672,000	3,114,000
Cash paid during the period for income taxes net of refunds received	4,000	19,910,000
Non-Cash Investing and Financing Activities
Accrued dividends on Series A preferred stock	1,197,000	1,197,000
Decrease in PIPE warrant liability due to expiration of warrants	$ 50,000	$ 0

BUSINESS ORGANIZATION AND NATUR

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	BUSINESS ORGANIZATION AND NATURE OF OPERATIONS Lazydays RV Center, Inc., the operating subsidiary of Lazydays Holdings, Inc., operates recreational vehicle (“RV”) dealerships in twenty locations including two in the state of Florida, two in the state of Colorado, two in the state of Arizona, three in the state of Tennessee, two in the state of Minnesota, two in the state of Indiana, one in the state of Oregon, one in the state of Washington, one in the state of Wisconsin, one in the state of Oklahoma, one in the state of Nevada and one in the state of Iowa. When used in these notes, unless otherwise indicated or the context suggests otherwise, references to “the Company”, “our Company”, “Lazydays RV Center, Inc.”, “Lazydays RV”, “we”, “us”, or “our” refer to Lazydays Holdings, Inc and its wholly-owned subsidiaries. Lazydays RV has also operated a dedicated service center location near Houston, Texas since early 2020, which was expanded to include a sales center in the fourth quarter in 2022. Lazydays RV sells and services new and pre-owned recreational vehicles and sells related parts and accessories. We also arrange financing and extended service contracts for vehicle sales through third-party financing sources and extended warranty providers. We also offer our customers such ancillary services such as overnight campground and restaurant facilities.

BASIS OF PRESENTATION AND CRITI

BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES	BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES Basis of Presentation These Condensed Consolidated Financial Statements contain unaudited information as of June 30, 2023, and for the three and six months ended June 30, 2023 and 2022. The unaudited interim financial statements have been prepared pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by accounting principles generally accepted in the United States of America (“U.S.”) for annual financial statements are not included herein. In management’s opinion, these unaudited financial statements reflect all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the information when read in conjunction with our 2022 audited Consolidated Financial Statements and the related notes thereto. The financial information as of December 31, 2022 is derived from our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2023. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year. The Condensed Consolidated Financial Statements include the accounts of Lazydays Holdings, Inc. and Lazy Days RV Center, Inc. and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated in consolidation. Critical Accounting Policies Our critical accounting policies have not materially changed during the six months ended June 30, 2023 from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2022. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no effect on the previously reported net income.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS Adopted In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). This standard requires contract assets and contract liabilities, such as certain receivables and deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. Generally, this new guidance will result in the acquirer recognizing contract assets and contract liabilities at the same amounts recorded by the acquiree instead of recording those balances at fair value. This standard should be applied prospectively to acquisitions occurring after the effective date. The adoption of ASU 2021-08 on January 1, 2023 did not have any effect on our condensed consolidated financial statements. Not Yet Adopted In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The update simplifies the accounting for convertible debt instruments and convertible preferred stock by reducing the number of accounting models and limiting the number of embedded conversion features separately recognized from the primary contract. The guidance also includes targeted improvements to the disclosures for convertible instruments and earnings per share. ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We are currently evaluating the impact that this new standard will have on our consolidated financial statements.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS During the six months ended June 30, 2023, we completed the following acquisition: • February 16, 2023 - Findlay RV (Findlay) in Las Vegas, Nevada (the “ Findlay Acquisition ” ) Revenue and income from operations contributed by the 2023 acquisition subsequent to the date of acquisition were as follows: (In thousands) Three months ended June 30, 2023 Six months ended June 30, 2023 Revenue $ 5,483 $ 7,748 Income from operations 370 300 The following tables summarize the consideration paid and the preliminary purchase price allocation for identified assets acquired and liabilities assumed as of the acquisition date for the Findlay Acquisition: (In thousands) Consideration Cash paid, net of cash acquired $ 19,730 (In thousands) Assets Acquired and Liabilities Assumed Inventories $ 6,787 Prepaid expenses and other 14 Property and equipment 7,452 Goodwill 5,479 Total assets acquired 19,732 Accounts payable 2 Net assets acquired $ 19,730 We accounted for the Findlay Acquisition as a business combination, which requires us to record the assets acquired and liabilities assumed at fair value as of the acquisition date. The preliminary fair values of the assets acquired and liabilities assumed, which are presented in the table above, and the related preliminary acquisition accounting are based on management’s estimates and assumptions, as well as information compiled by management. Our estimates and assumptions are subject to change during the measurement period, not to exceed one year from the acquisition date. Goodwill represents the excess of the purchase price over the estimated fair value assigned to tangible and identifiable intangible assets acquired and liabilities assumed. The primary items that generated the goodwill are the value of the synergies between us and the acquired businesses and the growth and operational improvements that drive profitability growth, neither of which qualify for recognition as a separately identified intangible ass et. We expect substantially all of the goodwill related to the Findlay Acquisition completed in 2023 to be deductible for federal income tax purposes. See Note 6 - Goodwill and Intangible A ssets for additional information regarding Goodwill. The following unaudited pro forma financial information presents consolidated information as though the acquisitions of Dave’s Claremore RV in 2022 and Findlay had been consummated on January 1, 2022: Three months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Revenue $ 316,129 $ 387,398 $ 613,353 $ 779,255 Income before income taxes $ 5,164 $ 39,722 $ 4,566 $ 77,691 Net income $ 3,756 $ 32,235 $ 3,362 $ 61,081 These amounts have been adjusted to eliminate business combination expenses, the incremental depreciation and amortization associated with the preliminary purchase price allocation as well as the income taxes for the previously un-taxed acquired entities to determine pro forma net (loss) income.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Vehicle and parts inventories are recorded at the lower of cost or net realizable value, with cost determined by the last-in, first-out (“LIFO”) method. Cost includes purchase costs, reconditioning costs, dealer-installed accessories and freight. For vehicles accepted as trade-ins, the cost is the fair value of such pre-owned vehicles at the time of the trade-in. Other inventory includes parts and accessories, as well as retail travel and leisure specialty merchandise, and is recorded at the lower of cost or net realizable value with cost determined by LIFO method. Inventories consisted of the following: (In thousands) As of June 30, 2023 As of December 31, 2022 New recreational vehicles $ 338,282 $ 342,415 Pre-owned recreational vehicles 65,916 50,457 Parts, accessories and other 7,843 6,831 412,041 399,703 Less: excess of current cost over LIFO (22,209) (20,822) Total $ 389,832 $ 378,881

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill were as follows (in thousands): Balance as of December 31, 2021 $ 80,318 Additions through acquisitions 4,692 Measurement period adjustments related to prior acquisitions (1,550) Balance as of December 31, 2022 83,460 Additions through acquisitions 5,479 Measurement period adjustments related to prior acquisitions 189 Balance as of June 30, 2023 $ 89,128 Intangible Assets Detail of Intangible assets was as follows: June 30, 2023 December 31, 2022 (In thousands) Gross Carrying Amount Accumulated Amortization Net Asset Value Gross Carrying Amount Accumulated Amortization Net Asset Value Amortizable intangible assets: Manufacturer relationships $ 65,400 $ 23,539 $ 41,861 $ 65,400 $ 20,346 $ 45,054 Customer relationships 10,395 4,443 5,952 10,395 3,993 6,402 Non-compete agreements 230 144 86 230 121 109 76,025 28,126 47,899 76,025 24,460 51,565 Non-amortizable intangible assets: Trade names and trademarks 30,100 — 30,100 30,100 — 30,100 $ 106,125 $ 28,126 $ 77,999 $ 106,125 $ 24,460 $ 81,665 Amortization expense related to Intangible assets was as follows: Three months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Amortization expense $ 1,834 $ 1,808 $ 3,667 $ 3,615 Future amortization of amortizable intangible assets is as follows: (In thousands) Remainder of 2023 $ 3,666 2024 7,332 2025 7,264 2026 6,585 2027 6,274 Thereafter 16,778 Total $ 47,899

ASSET IMPAIRMENT

ASSET IMPAIRMENT	6 Months Ended
	Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
ASSET IMPAIRMENT	ASSET IMPAIRMENTIn the first quarter of 2023, we recorded an asset impairment charge totaling $0.6 million as a component of Selling, general and administrative expenses related to capitalized software for an IT project that we decided not to utilize. $0.5 million had been recorded in Prepaid and other assets on our Condensed Consolidated Balance Sheets at December 31, 2022. The remainder was recorded in Selling, general and administrative expenses during the first quarter of 2023.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
Lessee, Operating Lease, Description [Abstract]
LEASES	LEASES We lease property, equipment and billboards throughout the U.S. primarily under operating leases. The related right-of-use (“ROU”) assets for these operating leases are included in operating lease right-of-use assets. Leases with lease terms of 12 months or less are expensed on a straight-line basis over the lease term and are not recorded in the Condensed Consolidated Balance Sheets. Most leases include one or more options to renew, with renewal terms that can extend the lease term up to 50 years (some leases include multiple renewal periods). The exercise of lease renewal options is at our sole discretion. In addition, some of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements neither contain any residual value guarantees nor impose any significant restrictions or covenants. There were no new significant lease additions or terminations during the three and six months ended June 30, 2023.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT M&T Financing Agreement On February 21, 2023, we amended our $369 million Senior Secured Credit Facility with M&T Bank. The material provisions of the amendment were to (i) increase the capacity under the Floor Plan Line of Credit to up to $525.0 million from $327.0 million and increase the capacity under the Revolving Credit Facility to up to $50.0 million from $25.0 million; (ii) remove the mortgage loan facility (“Mortgage Loan Facility”) and M&T term loan facility (the “M&T Term Loan Facility”); (iii) extend the term of the M&T floor plan line of credit (the “Floor Plan Line of Credit”) and the revolving credit facility (the “Revolving Credit Facility”) to February 21, 2027; (iv) lower interest rates on the Floor Plan Line of Credit and the Revolving Credit Facility; and (v) remove certain guarantors. In the first quarter of 2023, at the time of the amendment, we paid off the $5.4 million outstanding on the Mortgage Loan Facility and the $6.7 million outstanding on the Term Loan Facility. At June 30, 2023, there was $346.1 million outstanding on the Floor Plan Line of Credit at an interest rate of 7.13% and $45.0 million outstanding on the Revolving Credit Facility at an interest rate of 7.36%. We were in compliance with all financial and restrictive covenants at June 30, 2023. The Floor Plan Line of Credit bears interest at: (a) 30-day SOFR plus an applicable margin of 1.90% to 2.05% based on the total net leverage ratio (as defined in the new M&T Facility) or (b) the Base Rate plus a margin of 0.90% to 1.05% based on the total net leverage ratio (as defined in the new M&T Facility). Base Rate means, for any day, the fluctuating rate per annum equal to the highest of: (a) the Prime Rate for such day, (b) the Federal Funds Rate in effect on such day plus 50 Basis Points, and (c) the one-month Adjusted Term SOFR Rate, determined on a daily basis, plus 100 Basis Points. The Floor Plan Line of Credit is also subject to an annual unused commitment fee at 0.15% of the average daily unused portion of the Floor Plan. The M&T Revolving Credit facility bears interest at: (a) 30-day SOFR plus an applicable margin of 2.15% to 2.90% based on the total net leverage ratio (as defined in the new M&T Facility) or (b) the Base Rate plus a margin of 1.15% to 1.90% based on the total net leverage ratio (as defined in the new M&T Facility). Base Rate means, for any day, the fluctuating rate per annum equal to the highest of: (a) the Prime Rate for such day, (b) the Federal Funds Rate in effect on such day plus 50 Basis Points, and (c) the one-month Adjusted Term SOFR Rate, determined on a daily basis, plus 100 Basis Points. The Revolving Credit facility is also subject to a quarterly unused commitment fee at 0.15% of the average daily unused portion of the Credit facility.

REVENUE AND CONCENTRATIONS

REVENUE AND CONCENTRATIONS	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE AND CONCENTRATIONS	REVENUE AND CONCENTRATIONS Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to customers at the expected amount we are entitled to for such goods and services. Taxes collected on revenue producing transactions are excluded from revenue in the Unaudited Condensed Consolidated Statements of Operations. Revenue from the sale of vehicle contracts is recognized at a point in time on delivery, transfer of title and completion of financing arrangements. Revenue from the sale of parts, accessories, and related service is recognized as services and parts are delivered or as a customer approves elements of the completion of service. Revenue from the sale of parts, accessories, and related service is recognized in Service, body and parts and other revenue in the Condensed Consolidated Statements of Operations. Charge-Backs We receive commissions from the sale of insurance and vehicle service contracts to customers. In addition, we arrange financing for customers through various financial institutions and receive commissions. We may be charged back (“charge-backs”) for financing fees, insurance or vehicle service contract commissions in the event of early termination of the contracts by our customers. The revenues from financing fees and commissions are recorded at the time of the sale of the vehicle and an allowance for future charge-backs is established based on historical operating results and the termination provision of the applicable contracts. The estimates for future chargebacks require judgment by management, and as a result, there is an element of risk associated with these revenue streams. We have an accrual for charge-backs which totaled $8.8 million and $8.2 million at June 30, 2023 and December 31, 2022, respectively, and is included in Accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets. Revenue by State Revenues by state that generated 10% or more of revenues were as follows (unaudited): Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Florida 39 % 42 % 45 % 47 % Tennessee 16 % 15 % 13 % 14 % These geographic concentrations increase the exposure to adverse developments related to competition, as well as economic, demographic and weather conditions. Vendor Concentrations Vendors representing 10% or more of our total RV and replacement parts purchases were as follows: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Thor Industries, Inc. 38.9 % 44.2 % 38.2 % 46.8 % Winnebago Industries, Inc. 34.0 % 34.6 % 33.8 % 32.0 % Forest River, Inc. 24.1 % 17.6 % 24.0 % 17.4 % We are subject to dealer agreements with each manufacturer. The manufacturer is entitled to terminate the dealer agreement if we are in material breach of the agreement’s terms.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE We compute basic and diluted earnings per share (“EPS”) by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. We are required, in periods in which we have net income, to calculate EPS using the two-class method. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders but does not require the presentation of basic and diluted EPS for securities other than common stock. The two-class method is required because our Series A convertible preferred stock (“Preferred Stock”) has the right to receive dividends or dividend equivalents should we declare dividends on our common stock as if such holder of the Preferred Stock had been converted to common stock. Under the two-class method, earnings for the period are allocated to the common and preferred stockholders taking into consideration Series A preferred stockholders participation in dividends on an as converted basis. The weighted-average number of common and preferred shares outstanding during the period is then used to calculate basic EPS for each class of shares. Diluted EPS is computed in the same manner as basic EPS except that the denominator is increased to include the number of contingently issuable share-based compensation awards that would have been outstanding unless those additional shares would have been anti-dilutive. For the diluted EPS computation, the treasury stock method is applied and compared to the two-class method and whichever method results in a more dilutive impact is utilized to calculate diluted EPS. In periods in which we have a net loss, basic loss per share is calculated by dividing the loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period. The two-class method is not used because the Preferred Stock does not participate in losses. The following table summarizes net income attributable to common stockholders used in the calculation of basic and diluted income per common share: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (Dollars in thousands - except share and per share amounts) Distributed earnings allocated to common stock $ — $ — $ — $ — Net income attributable to common stock and participating securities used to calculate basic (loss) earnings per share 3,560 20,028 3,284 38,763 Net earnings allocated to Series A convertible preferred stock (1,196) 10,619 (2,380) 18,984 Net earnings allocated to common stock and participating securities $ 2,363 $ 30,647 $ 904 $ 57,747 Weighted average shares outstanding 13,881,302 11,094,404 12,766,250 12,036,074 Dilutive effect of pre-funded warrants 300,357 300,357 300,357 300,357 Weighted average shares outstanding - basic 14,181,659 11,394,761 13,066,607 12,336,431 Weighted average common shares outstanding 13,881,302 11,094,404 12,766,250 12,036,074 Weighted average pre-funded warrants 300,357 300,357 300,357 300,357 Weighted average warrants (equity) — 638,296 — 687,976 Weighted average warrants (liabilities) — 443,763 — 478,301 Weighted average options 110,405 394,476 121,528 412,274 Weighted average shares outstanding - diluted 14,292,064 12,871,296 13,188,135 13,914,982 Basic income per common share $ 0.12 $ 1.76 $ 0.05 $ 3.14 Diluted income per common share $ 0.12 $ 0.81 $ — $ 1.98 The following common stock equivalent shares were excluded from the computation of the diluted income per share since their inclusion would have been anti-dilutive: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Stock options 243,958 245,032 243,958 245,032 Restricted stock units 291,739 59,989 291,739 59,989 Shares issuable under the Employee Stock Purchase Plan 27,266 5,611 27,266 5,611 Share equivalents excluded from diluted EPS 562,963 310,632 562,963 310,632

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Lease Obligations See Note 8 - Leases for additional information regarding leases. Legal Matters We are party to multiple legal proceedings that arise in the ordinary course of business. We have certain insurance coverage and rights of indemnification. We do not believe that the ultimate resolution of these matters will have a material adverse effect on our business, results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty and an unfavorable resolution of one or more of these matters could have a material adverse effect on our business, results of operations, financial condition or cash flows.

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
PREFERRED STOCK	PREFERRED STOCK Our Preferred Stock is cumulative redeemable convertible preferred stock. Accordingly, it is classified as temporary equity and is shown net of issuance costs and the fair value of warrants issued in conjunction with the issuance of the Preferred Stock. Unpaid preferred dividends are accumulated, compounded at each quarterly dividend date and presented within the carrying value of the Preferred Stock until a dividend is declared by our Board of Directors. The Board declared a dividend payment on the Preferred Stock of $1.2 million for each of the quarters in the six-month period ended June 30, 2023. There was $1.2 million included in Dividends payable in the accompanying Condensed Consolidated Balance Sheets at June 30, 2023 and was paid on July 3, 2023.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Stock Repurchase Program On September 13, 2021, our Board of Directors authorized the repurchase of up to $25 million of our common stock through December 31, 2024. On December 15, 2022, our Board of Directors authorized the repurchase of up to an additional $50 million of our common stock through December 31, 2024. These shares may be purchased from time-to-time in the open market at prevailing prices, in privately negotiated transactions or through block trades. Repurchases pursuant to the program were as follows: Repurchases in 2023 Cumulative Repurchases as of June 30, 2023 Shares Average Price Shares Average Price Stock repurchase program 9,433 $ 11.56 3,412,000 $ 14.16 All repurchased shares are included in Treasury stock on the Condensed Consolidated Balance Sheets. As of June 30, 2023 there was $63.4 million remaining available for future repurchases. Disgorgement of Short-Swing Profit During the first quarter of 2023, a significant shareholder bought and sold our common stock within a time period that was in violation of the short-swing profit rules and, accordingly, profit from the transactions totaling $0.6 million was paid to us and recorded as Additional paid-in capital on our Condensed Consolidated Balance Sheets.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock-based compensation is included in Selling, general and administrative expense on our Condensed Consolidated Statements of Operations and was as follows: Three months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Stock-based compensation $ 842 $ 729 $ 1,639 $ 1,252 Unrecognized Stock-Based Compensation At June 30, 2023 the total unrecognized stock-based compensation was $0.4 million which is expected to be recognized over a weighted average period of 1.6 years. 2018 Long-Term Equity Incentive Plan Our 2018 Long-Term Equity Incentive Plan, as amended (the “2018 Plan”) provides for awards of options, stock appreciation rights, restricted stock, restricted stock units, warrants or other securities which may be convertible, exercisable or exchangeable for or into our common stock. As of June 30, 2023, there were 1,684,481 shares of common stock available to be issued under the 2018 Plan. Stock Options Stock option activity was as follows: Shares Underlying Weighted Average Exercise Price Per Share Weighted Average Remaining Aggregate Intrinsic Options outstanding at December 31, 2022 1,052,093 $ 12.34 2.26 $ (427) Granted 94,326 12.38 Cancelled or terminated (457,611) 12.14 Exercised (94,061) 7.72 Options outstanding at June 30, 2023 594,747 8.60 2.26 $ 1,758 Options vested at June 30, 2023 365,002 10.82 2.48 $ 270 Options vested as of June 30, 2023 and expected to vest after June 30, 2023 594,747 Restricted Stock Units Restricted stock unit activity was as follows: Number of Restricted Stock Units (1) Weighted-Average Grant Date Fair Value Outstanding at December 31, 2022 207,822 $ 14.98 Granted 291,739 12.2 Vested (46,752) 16.47 Outstanding at June 30, 2023 452,809 12.62 (1) Includes inducement awards approved by the Compensation Committee of the Company’s Board of Directors. PIPE Warrants PIPE warrant activity was as follows: Shares Underlying Warrants Weighted Average Warrants outstanding December 31, 2022 2,865,068 $ 11.50 Cancelled or Expired (208,912) 11.50 Exercised (2,656,156) 11.50 Warrants outstanding June 30, 2023 — — Prefunded Warrants As of June 30, 2023, there were 300,357 perpetual non-redeemable prefunded warrants outstanding with an exercise price of $0.01 per share. There was no activity during the three and six months ended June 30, 2023.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Factors used in determining the fair value of our financial assets and liabilities are summarized into three broad categories: • Level 1 - quoted prices in active markets for identical securities; • Level 2 - other significant observable inputs, including quoted prices for similar securities, interest rates, prepayment spreads, credit risk; and • Level 3 - significant unobservable inputs, including our own assumptions in determining fair value. We determined the carrying value of Cash, Receivables, Accounts payable and Accrued expenses and other current liabilities approximate their fair values due to the short-term nature of their terms. There were no changes to our valuation techniques during the quarter ended June 30, 2023. Asset Impairment See Note 7 - Asset Impairment for discussion of an asset impairment charge recorded in the quarter ended March 31, 2023. There were no impairment charges for the quarter ended June 30, 2023. PIPE Warrants All of our remaining PIPE warrants were exercised or expired in the first quarter of 2023. Our PIPE warrants were recorded at fair value at the end of each reporting period and transaction date with changes in fair value recorded on our Condensed Consolidated Statements of Operations. The public PIPE warrants traded in active markets with sufficient trading volume to qualify as Level 1 financial instruments as they had observable market prices which were used to estimate the fair value. The private placement PIPE warrants were not traded in active markets, or were traded with insufficient volume and therefore represented Level 3 financial instruments that are valued using a Black-Scholes option-pricing model. The fair value of the PIPE warrant liability was as follows: December 31, 2022 Carrying Level 1 Level 2 Level 3 PIPE Warrants $ 742 $ 742 $ — $ — Private Warrants 164 — — 164 Total $ 906 $ 742 $ — $ 164 Level 3 Disclosures Changes in the Level 3 PIPE warrant liability were as follows: Six months ended June 30, 2023 Balance at December 31, 2022 $ 164 Measurement adjustment (164) Balance at June 30, 2023 $ -

BASIS OF PRESENTATION AND CRI_2

BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These Condensed Consolidated Financial Statements contain unaudited information as of June 30, 2023, and for the three and six months ended June 30, 2023 and 2022. The unaudited interim financial statements have been prepared pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain disclosures required by accounting principles generally accepted in the United States of America (“U.S.”) for annual financial statements are not included herein. In management’s opinion, these unaudited financial statements reflect all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the information when read in conjunction with our 2022 audited Consolidated Financial Statements and the related notes thereto. The financial information as of December 31, 2022 is derived from our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2023. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year.
Principles of Consolidation	The Condensed Consolidated Financial Statements include the accounts of Lazydays Holdings, Inc. and Lazy Days RV Center, Inc. and its wholly owned subsidiaries. All significant inter-company accounts and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no effect on the previously reported net income.
New Accounting Pronouncements Adopted and Not Yet Adopted	Adopted In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). This standard requires contract assets and contract liabilities, such as certain receivables and deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. Generally, this new guidance will result in the acquirer recognizing contract assets and contract liabilities at the same amounts recorded by the acquiree instead of recording those balances at fair value. This standard should be applied prospectively to acquisitions occurring after the effective date. The adoption of ASU 2021-08 on January 1, 2023 did not have any effect on our condensed consolidated financial statements. Not Yet Adopted In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The update simplifies the accounting for convertible debt instruments and convertible preferred stock by reducing the number of accounting models and limiting the number of embedded conversion features separately recognized from the primary contract. The guidance also includes targeted improvements to the disclosures for convertible instruments and earnings per share. ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We are currently evaluating the impact that this new standard will have on our consolidated financial statements.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Pro Forma Financial Information	Revenue and income from operations contributed by the 2023 acquisition subsequent to the date of acquisition were as follows: (In thousands) Three months ended June 30, 2023 Six months ended June 30, 2023 Revenue $ 5,483 $ 7,748 Income from operations 370 300 The following unaudited pro forma financial information presents consolidated information as though the acquisitions of Dave’s Claremore RV in 2022 and Findlay had been consummated on January 1, 2022: Three months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Revenue $ 316,129 $ 387,398 $ 613,353 $ 779,255 Income before income taxes $ 5,164 $ 39,722 $ 4,566 $ 77,691 Net income $ 3,756 $ 32,235 $ 3,362 $ 61,081
Schedule of Consideration Paid and Preliminary Purchase Price Allocations	The following tables summarize the consideration paid and the preliminary purchase price allocation for identified assets acquired and liabilities assumed as of the acquisition date for the Findlay Acquisition: (In thousands) Consideration Cash paid, net of cash acquired $ 19,730
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	(In thousands) Assets Acquired and Liabilities Assumed Inventories $ 6,787 Prepaid expenses and other 14 Property and equipment 7,452 Goodwill 5,479 Total assets acquired 19,732 Accounts payable 2 Net assets acquired $ 19,730

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: (In thousands) As of June 30, 2023 As of December 31, 2022 New recreational vehicles $ 338,282 $ 342,415 Pre-owned recreational vehicles 65,916 50,457 Parts, accessories and other 7,843 6,831 412,041 399,703 Less: excess of current cost over LIFO (22,209) (20,822) Total $ 389,832 $ 378,881

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill were as follows (in thousands): Balance as of December 31, 2021 $ 80,318 Additions through acquisitions 4,692 Measurement period adjustments related to prior acquisitions (1,550) Balance as of December 31, 2022 83,460 Additions through acquisitions 5,479 Measurement period adjustments related to prior acquisitions 189 Balance as of June 30, 2023 $ 89,128
Schedule of Finite-Lived Intangible Assets	Detail of Intangible assets was as follows: June 30, 2023 December 31, 2022 (In thousands) Gross Carrying Amount Accumulated Amortization Net Asset Value Gross Carrying Amount Accumulated Amortization Net Asset Value Amortizable intangible assets: Manufacturer relationships $ 65,400 $ 23,539 $ 41,861 $ 65,400 $ 20,346 $ 45,054 Customer relationships 10,395 4,443 5,952 10,395 3,993 6,402 Non-compete agreements 230 144 86 230 121 109 76,025 28,126 47,899 76,025 24,460 51,565 Non-amortizable intangible assets: Trade names and trademarks 30,100 — 30,100 30,100 — 30,100 $ 106,125 $ 28,126 $ 77,999 $ 106,125 $ 24,460 $ 81,665
Schedule of Indefinite-Lived Intangible Assets	Detail of Intangible assets was as follows: June 30, 2023 December 31, 2022 (In thousands) Gross Carrying Amount Accumulated Amortization Net Asset Value Gross Carrying Amount Accumulated Amortization Net Asset Value Amortizable intangible assets: Manufacturer relationships $ 65,400 $ 23,539 $ 41,861 $ 65,400 $ 20,346 $ 45,054 Customer relationships 10,395 4,443 5,952 10,395 3,993 6,402 Non-compete agreements 230 144 86 230 121 109 76,025 28,126 47,899 76,025 24,460 51,565 Non-amortizable intangible assets: Trade names and trademarks 30,100 — 30,100 30,100 — 30,100 $ 106,125 $ 28,126 $ 77,999 $ 106,125 $ 24,460 $ 81,665
Schedule of Amortization Expense	Amortization expense related to Intangible assets was as follows: Three months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Amortization expense $ 1,834 $ 1,808 $ 3,667 $ 3,615
Schedule of Estimated Future Amortization Expense	Future amortization of amortizable intangible assets is as follows: (In thousands) Remainder of 2023 $ 3,666 2024 7,332 2025 7,264 2026 6,585 2027 6,274 Thereafter 16,778 Total $ 47,899

REVENUE AND CONCENTRATIONS (Tab

REVENUE AND CONCENTRATIONS (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Concentration Risk Percentages	Revenues by state that generated 10% or more of revenues were as follows (unaudited): Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Florida 39 % 42 % 45 % 47 % Tennessee 16 % 15 % 13 % 14 % Vendors representing 10% or more of our total RV and replacement parts purchases were as follows: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Thor Industries, Inc. 38.9 % 44.2 % 38.2 % 46.8 % Winnebago Industries, Inc. 34.0 % 34.6 % 33.8 % 32.0 % Forest River, Inc. 24.1 % 17.6 % 24.0 % 17.4 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Net Income Attribute To Common Stockholders	The following table summarizes net income attributable to common stockholders used in the calculation of basic and diluted income per common share: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (Dollars in thousands - except share and per share amounts) Distributed earnings allocated to common stock $ — $ — $ — $ — Net income attributable to common stock and participating securities used to calculate basic (loss) earnings per share 3,560 20,028 3,284 38,763 Net earnings allocated to Series A convertible preferred stock (1,196) 10,619 (2,380) 18,984 Net earnings allocated to common stock and participating securities $ 2,363 $ 30,647 $ 904 $ 57,747 Weighted average shares outstanding 13,881,302 11,094,404 12,766,250 12,036,074 Dilutive effect of pre-funded warrants 300,357 300,357 300,357 300,357 Weighted average shares outstanding - basic 14,181,659 11,394,761 13,066,607 12,336,431 Weighted average common shares outstanding 13,881,302 11,094,404 12,766,250 12,036,074 Weighted average pre-funded warrants 300,357 300,357 300,357 300,357 Weighted average warrants (equity) — 638,296 — 687,976 Weighted average warrants (liabilities) — 443,763 — 478,301 Weighted average options 110,405 394,476 121,528 412,274 Weighted average shares outstanding - diluted 14,292,064 12,871,296 13,188,135 13,914,982 Basic income per common share $ 0.12 $ 1.76 $ 0.05 $ 3.14 Diluted income per common share $ 0.12 $ 0.81 $ — $ 1.98
Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share	The following common stock equivalent shares were excluded from the computation of the diluted income per share since their inclusion would have been anti-dilutive: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Stock options 243,958 245,032 243,958 245,032 Restricted stock units 291,739 59,989 291,739 59,989 Shares issuable under the Employee Stock Purchase Plan 27,266 5,611 27,266 5,611 Share equivalents excluded from diluted EPS 562,963 310,632 562,963 310,632

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Repurchase Program	Repurchases pursuant to the program were as follows: Repurchases in 2023 Cumulative Repurchases as of June 30, 2023 Shares Average Price Shares Average Price Stock repurchase program 9,433 $ 11.56 3,412,000 $ 14.16

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation	Stock-based compensation is included in Selling, general and administrative expense on our Condensed Consolidated Statements of Operations and was as follows: Three months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Stock-based compensation $ 842 $ 729 $ 1,639 $ 1,252
Schedule of Stock Option Activity	Stock option activity was as follows: Shares Underlying Weighted Average Exercise Price Per Share Weighted Average Remaining Aggregate Intrinsic Options outstanding at December 31, 2022 1,052,093 $ 12.34 2.26 $ (427) Granted 94,326 12.38 Cancelled or terminated (457,611) 12.14 Exercised (94,061) 7.72 Options outstanding at June 30, 2023 594,747 8.60 2.26 $ 1,758 Options vested at June 30, 2023 365,002 10.82 2.48 $ 270 Options vested as of June 30, 2023 and expected to vest after June 30, 2023 594,747
Schedule of Schedule of Restricted Stock Unit Activity	Restricted stock unit activity was as follows: Number of Restricted Stock Units (1) Weighted-Average Grant Date Fair Value Outstanding at December 31, 2022 207,822 $ 14.98 Granted 291,739 12.2 Vested (46,752) 16.47 Outstanding at June 30, 2023 452,809 12.62 (1) Includes inducement awards approved by the Compensation Committee of the Company’s Board of Directors.
Schedule of Warrants Activity	PIPE warrant activity was as follows: Shares Underlying Warrants Weighted Average Warrants outstanding December 31, 2022 2,865,068 $ 11.50 Cancelled or Expired (208,912) 11.50 Exercised (2,656,156) 11.50 Warrants outstanding June 30, 2023 — —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Adjustments Warrant Liabilities	The fair value of the PIPE warrant liability was as follows: December 31, 2022 Carrying Level 1 Level 2 Level 3 PIPE Warrants $ 742 $ 742 $ — $ — Private Warrants 164 — — 164 Total $ 906 $ 742 $ — $ 164
Schedule of Liabilities Measured at Fair Value	Changes in the Level 3 PIPE warrant liability were as follows: Six months ended June 30, 2023 Balance at December 31, 2022 $ 164 Measurement adjustment (164) Balance at June 30, 2023 $ -

BUSINESS ORGANIZATION AND NAT_2

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS (Details )	Jun. 30, 2023 location
Product Information [Line Items]
Number of locations	20
Florida
Product Information [Line Items]
Number of locations	2
Colorado
Product Information [Line Items]
Number of locations	2
Arizona
Product Information [Line Items]
Number of locations	2
Tennessee
Product Information [Line Items]
Number of locations	3
Minnesota
Product Information [Line Items]
Number of locations	2
Indiana
Product Information [Line Items]
Number of locations	2
Oregon
Product Information [Line Items]
Number of locations	1
Washington
Product Information [Line Items]
Number of locations	1
Wisconsin
Product Information [Line Items]
Number of locations	1
Oklahoma
Product Information [Line Items]
Number of locations	1
Nevada
Product Information [Line Items]
Number of locations	1
IOWA
Product Information [Line Items]
Number of locations	1

BUSINESS COMBINATIONS- Schedule

BUSINESS COMBINATIONS- Schedule of Revenue and Loss From Operations (Details) - Findlay RV - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Business Acquisition [Line Items]
Revenue	$ 5,483	$ 7,748
Income from operations	$ 370	$ 300

BUSINESS COMBINATIONS- Schedu_2

BUSINESS COMBINATIONS- Schedule of Consideration Paid And Preliminary Purchase Price Allocations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Cash paid, net of cash acquired	$ 19,730	$ 0
Findlay RV
Business Acquisition [Line Items]
Cash paid, net of cash acquired	$ 19,730

BUSINESS COMBINATIONS- Schedu_3

BUSINESS COMBINATIONS- Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 89,128	$ 83,460	$ 80,318
Findlay RV
Business Acquisition [Line Items]
Inventories	6,787
Prepaid expenses and other	14
Property and equipment	7,452
Goodwill	5,479
Total assets acquired	19,732
Accounts payable	2
Net assets acquired	$ 19,730

BUSINESS COMBINATIONS- Schedu_4

BUSINESS COMBINATIONS- Schedule of Pro Forma Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Revenue	$ 316,129	$ 387,398	$ 613,353	$ 779,255
Income before income taxes	5,164	39,722	4,566	77,691
Net income	$ 3,756	$ 32,235	$ 3,362	$ 61,081

INVENTORIES - Schedule of Inven

INVENTORIES - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory [Line Items]
Inventory, gross	$ 412,041	$ 399,703
Less: excess of current cost over LIFO	(22,209)	(20,822)
Total	389,832	378,881
New recreational vehicles
Inventory [Line Items]
Inventory, gross	338,282	342,415
Pre-owned recreational vehicles
Inventory [Line Items]
Inventory, gross	65,916	50,457
Parts, accessories and other
Inventory [Line Items]
Inventory, gross	$ 7,843	$ 6,831

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 83,460	$ 80,318
Additions through acquisitions	5,479	4,692
Measurement period adjustments related to prior acquisitions	189	(1,550)
Goodwill, ending balance	$ 89,128	$ 83,460

GOODWILL AND INTANGIBLE ASSETS-

GOODWILL AND INTANGIBLE ASSETS- Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortizable intangible assets:
Gross Carrying Amount	$ 76,025	$ 76,025
Accumulated Amortization	28,126	24,460
Net Asset Value	47,899	51,565
Non-amortizable intangible assets:
Intangible assets, gross	106,125	106,125
Intangible assets, net	77,999	81,665
Trade names and trademarks
Non-amortizable intangible assets:
Carrying amount	30,100	30,100
Manufacturer relationships
Amortizable intangible assets:
Gross Carrying Amount	65,400	65,400
Accumulated Amortization	23,539	20,346
Net Asset Value	41,861	45,054
Customer relationships
Amortizable intangible assets:
Gross Carrying Amount	10,395	10,395
Accumulated Amortization	4,443	3,993
Net Asset Value	5,952	6,402
Non-compete agreements
Amortizable intangible assets:
Gross Carrying Amount	230	230
Accumulated Amortization	144	121
Net Asset Value	$ 86	$ 109

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS- Schedule of Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,834	$ 1,808	$ 3,667	$ 3,615

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS- Schedule of Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 3,666
2024	7,332
2025	7,264
2026	6,585
2027	6,274
Thereafter	16,778
Net Asset Value	$ 47,899	$ 51,565

ASSET IMPAIRMENT (Details)

ASSET IMPAIRMENT (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
Impairment charges	$ 0.6
Capitalized computer software		$ 0.5

LEASES (Details)

LEASES (Details)	6 Months Ended
	Jun. 30, 2023 lease_renewal_option
Lessee, Lease, Description [Line Items]
Number of lease renewal options	1
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term (in years)	50 years

DEBT (Details)

DEBT (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Feb. 21, 2023	Feb. 20, 2023
Mortgage Loan Facility
Debt Instrument [Line Items]
Repayments of debt	$ 5,400,000
Term Loan
Debt Instrument [Line Items]
Repayments of debt	$ 6,700,000
M&T Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 369,000,000
M&T Floor Plan Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			525,000,000	$ 327,000,000
Long term line of credit		$ 346,100,000
Line of credit facility, interest rate (as a percent)		7.13%
Line of credit facility, commitment fee (as a percent)		0.15%
M&T Floor Plan Line of Credit | Fed Funds Effective Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		0.50%
M&T Floor Plan Line of Credit | Adjusted Term SOFR Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		1%
M&T Floor Plan Line of Credit | Minimum | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		1.90%
M&T Floor Plan Line of Credit | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		0.90%
M&T Floor Plan Line of Credit | Maximum | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		2.05%
M&T Floor Plan Line of Credit | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		1.05%
M&T Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 50,000,000	$ 25,000,000
Long term line of credit		$ 45,000,000
Line of credit facility, interest rate (as a percent)		7.36%
Line of credit facility, commitment fee (as a percent)		0.15%
M&T Revolving Credit Facility | Fed Funds Effective Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		0.50%
M&T Revolving Credit Facility | Adjusted Term SOFR Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		1%
M&T Revolving Credit Facility | Minimum | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		2.15%
M&T Revolving Credit Facility | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		1.15%
M&T Revolving Credit Facility | Maximum | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		2.90%
M&T Revolving Credit Facility | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)		1.90%

REVENUE AND CONCENTRATIONS- Add

REVENUE AND CONCENTRATIONS- Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accrued charge-backs	$ 8.8	$ 8.2

REVENUE AND CONCENTRATIONS- Sch

REVENUE AND CONCENTRATIONS- Schedules of Concentration Risk Percentages (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue Benchmark | Geographic Concentration Risk | Florida
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	39%	42%	45%	47%
Revenue Benchmark | Geographic Concentration Risk | Tennessee
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	16%	15%	13%	14%
Cost of Goods and Service | Supplier Concentration Risk | Thor Industries, Inc.
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	38.90%	44.20%	38.20%	46.80%
Cost of Goods and Service | Supplier Concentration Risk | Winnebago Industries, Inc.
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	34%	34.60%	33.80%	32%
Cost of Goods and Service | Supplier Concentration Risk | Forest River, Inc.
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	24.10%	17.60%	24%	17.40%

EARNINGS PER SHARE- Schedule of

EARNINGS PER SHARE- Schedule of Net Income (Loss) Attribute To Common Stockholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Distributed earnings allocated to common stock	$ 0	$ 0	$ 0	$ 0
Net income attributable to common stock and participating securities used to calculate basic (loss) earnings per share	3,560	20,028	3,284	38,763
Net earnings allocated to Series A convertible preferred stock	(1,196)	10,619	(2,380)	18,984
Net earnings allocated to common stock and participating securities	$ 2,363	$ 30,647	$ 904	$ 57,747
Weighted average shares outstanding (in shares)	13,881,302	11,094,404	12,766,250	12,036,074
Dilutive effect of pre-funded warrants (in shares)	300,357	300,357	300,357	300,357
Weighted average shares outstanding - basic (in shares)	14,181,659	11,394,761	13,066,607	12,336,431
Weighted average pre-funded warrants (in shares)	300,357	300,357	300,357	300,357
Weighted average warrants (equity) (in shares)	0	638,296	0	687,976
Weighted average warrants (liabilities) (in shares)	0	443,763	0	478,301
Weighted average options (in shares)	110,405	394,476	121,528	412,274
Weighted average shares outstanding - diluted (in shares)	14,292,064	12,871,296	13,188,135	13,914,982
Basic income per common share (in dollars per share)	$ 0.12	$ 1.76	$ 0.05	$ 3.14
Diluted income per common share (in dollars per share)	$ 0.12	$ 0.81	$ 0	$ 1.98

EARNINGS PER SHARE- Schedule _2

EARNINGS PER SHARE- Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share equivalents excluded from EPS (in shares)	562,963	310,632	562,963	310,632
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share equivalents excluded from EPS (in shares)	243,958	245,032	243,958	245,032
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share equivalents excluded from EPS (in shares)	291,739	59,989	291,739	59,989
Shares issuable under the Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share equivalents excluded from EPS (in shares)	27,266	5,611	27,266	5,611

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Dividends on series A convertible preferred stock	$ 1,197		$ 1,210
Dividends on series A convertible preferred stock declared	1,200	$ 1,200
Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Dividends on series A convertible preferred stock	$ 1,200

STOCKHOLDERS_ EQUITY- Additiona

STOCKHOLDERS’ EQUITY- Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 15, 2022	Sep. 13, 2021
Equity, Class of Treasury Stock [Line Items]
Disgorgement of short-swing profits	$ 600,000	$ 622,000	$ 0
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount				$ 50,000,000	$ 25,000,000
Remaining authorized repurchase amount		$ 63,400,000

STOCKHOLDERS_ EQUITY- Schedule

STOCKHOLDERS’ EQUITY- Schedule of Repurchase Program (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Equity [Abstract]
Stock repurchase program (in shares) | shares	9,433,000
Stock repurchase program average price (in dollars per share) | $ / shares	$ 11.56
Cumulative stock repurchases (in shares) | shares	3,412,000
Cumulative stock repurchased, average price (in dollars per share) | $ / shares	$ 14.16

STOCK-BASED COMPENSATION- Sched

STOCK-BASED COMPENSATION- Schedule of Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	$ 842	$ 729	$ 1,639	$ 1,252

STOCK-BASED COMPENSATION- Addit

STOCK-BASED COMPENSATION- Additional Information (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Class of Warrant or Right [Line Items]
Unrecognized stock based compensation | $	$ 0.4
Unrecognized weighted period (in years)	1 year 7 months 6 days
Non-Redeemable Pre-Funded Warrant
Class of Warrant or Right [Line Items]
Number of warrants (in shares)	300,357
Class of warrant or right, exercise price of warrants or rights (in dollars per share) | $ / shares	$ 0.01
2018 Long-Term Equity Incentive Plan
Class of Warrant or Right [Line Items]
Common stock, capital shares reserved for future issuance (in shares)	1,684,481

STOCK-BASED COMPENSATION- Sch_2

STOCK-BASED COMPENSATION- Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Shares Underlying Options
Options, outstanding at the beginning of the period (in shares)	1,052,093
Granted (in shares)	94,326
Cancelled or terminated (in shares)	(457,611)
Exercised (in shares)	(94,061)
Options, outstanding at the end of the period (in shares)	594,747	1,052,093
Options vested (in shares)	365,002
Options vested and expected to vest (in shares)	594,747
Weighted Average Exercise Price Per Share
Options, outstanding at the beginning of the period (in dollars per share)	$ 12.34
Grants (in dollars per share)	12.38
Cancelled or terminated (in dollars per share)	12.14
Exercised (in dollars per share)	7.72
Options, outstanding at the end of the period (in dollars per share)	8.60	$ 12.34
Options vested (in dollars per share)	$ 10.82
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual Life, Options Outstanding (in years)	2 years 3 months 3 days	2 years 3 months 3 days
Weighted Average Remaining Contractual Life, Options Vested (in years)	2 years 5 months 23 days
Aggregate Intrinsic Value, Options Outstanding	$ 1,758	$ (427)
Aggregate intrinsic value, Options vested	$ 270

STOCK-BASED COMPENSATION- Sch_3

STOCK-BASED COMPENSATION- Schedule of Restricted Stock Unit Activity (Details) - Restricted stock units	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Number of Restricted Stock Units(1)
Outstanding at the beginning of the period (in shares) | shares	207,822
Granted (in shares) | shares	291,739
Vested (in shares) | shares	(46,752)
Outstanding at the end of the period (in shares) | shares	452,809
Weighted-Average Grant Date Fair Value
Outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 14.98
Granted (in dollars per share) | $ / shares	12.2
Vested (in dollars per share) | $ / shares	16.47
Outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 12.62

STOCK-BASED COMPENSATION-Schedu

STOCK-BASED COMPENSATION-Schedule of Warrants Activity (Details) - PIPE Warrants	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Shares Underlying Warrants
Warrants, outstanding at the beginning of the period (in shares) | shares	2,865,068
Cancelled or Expired (in shares) | shares	(208,912)
Exercised (in shares) | shares	(2,656,156)
Warrants, outstanding at the end of the period (in shares) | shares	0
Weighted Average Exercise Price
Warrants, Outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 11.50
Weighted Average Exercise Price Cancelled or Expired (in dollars per share) | $ / shares	11.50
Weighted Average Exercise Price Exercised (in dollars per share) | $ / shares	11.50
Warrants, Outstanding at the end of the period (in dollars per share) | $ / shares	$ 0

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures - Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Impairment charges	$ 0	$ 538,000	$ 0

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Fair Value Adjustments Warrant Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 906
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	742
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	164
PIPE Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	742
PIPE Warrants | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	742
PIPE Warrants | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
PIPE Warrants | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Private Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	164
Private Warrants | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Private Warrants | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Private Warrants | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 164

FAIR VALUE Measurements- Schedu

FAIR VALUE Measurements- Schedule of Liabilities Measured at Fair Value (Details) - Private Warrants $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value beginning balance	$ 164
Measurement adjustment	(164)
Fair value ending balance	$ 0