XML 36 R24.htm IDEA: XBRL DOCUMENT v3.23.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets
The carrying amount of goodwill, franchise rights, and other intangible assets as of June 30, 2023 and December 31, 2022 is as follows:
June 30, 2023December 31, 2022
Goodwill$23,897 $21,142 
Other intangible assets
Franchise rights - indefinite life$236,678 $236,723 
Definite lived - non-compete agreements and other23,795 23,750 
260,473 260,473 
Less: accumulated amortization18,086 13,060 
Intangible assets, net$242,387 $247,413 
Schedule of Goodwill The following summarizes the changes in the carrying amount of goodwill by reportable segment from December 31, 2022 to June 30, 2023.
PowersportsVehicle LogisticsTotal
Balance at December 31, 2022$20,294$848$21,142
Acquisition of store in Tallahassee, FL2,600—2,600
Four Wheels purchase accounting adjustments(106)—(106)
Freedom Powersports purchase accounting adjustments261—261
Balance at June 30, 2023$23,049$848 $23,897
Schedule of Finite-lived Intangible Assets Amortization Expense
Estimated annual amortization expense related to other intangibles:
2023$2,886 
20242,653 
202599 
Thereafter— 
$5,638