v3.26.1
INVENTORY AND VEHICLE FLOOR PLAN NOTES PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventory as of June 30, 2026 and December 31, 2025 was as follows:
($ in millions)June 30,
2026		December 31,
2025
New powersports vehicles$232.5 $197.3 
Pre-owned powersports vehicles52.0 38.0 
Parts, accessories and other23.8 22.1 
Inventory$308.3 $257.4 
Schedule of Floor Plan Notes Payable
Floor plan notes payable as of June 30, 2026 and December 31, 2025 was as follows:
($ in millions)June 30,
2026		December 31,
2025
Floor plans notes payable (trade)$101.9 $97.0 
Floor plans notes payable (non-trade)(1)
172.0 121.4 
Floor plan notes payable$273.9 $218.4 
(1) Includes a related-party pre-owned inventory floor plan line. See Note 12.
Long-term debt consisted of the following as of June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Term loan credit agreement due September 2027(1)
$208.7 $207.7 
Subordinated Loans due August 2028(2)
10.7 10.0 
Notes payable for fleet vehicles and other(3)
1.7 1.1 
Total principal amount221.1 218.8 
Less: Unamortized debt discount and issuance costs(8.0)(11.2)
Total debt213.1 207.6 
Less: current portion of long-term debt (0.7)(0.4)
Long-term debt$212.4 $207.2 
(1) Interest payments are required quarterly. Fair value was $216.5 million and $215.7 million as of June 30, 2026 and December 31, 2025, respectively.
(2) Fair value of $10.7 million and $8.7 million as of June 30, 2026 and December 31, 2025, respectively. See Note 12 for a description of the Subordinated Loans, which are with related parties.
(3) Carrying value approximate fair value due to the nature of this debt.