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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
($ in millions) | Powersports Dealership Group |  | Vehicle Transportation Services |  | Unallocated and Adjustments |  | Total
2024 |  |  |  |  |  |  |
Revenue from external customers: |  |  |  |  |  |  |
Powersports vehicles | $ | 842.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 842.6 |
Parts, service and accessories | 206.2 |  |  | — |  |  | — |  |  | 206.2 |
Finance and insurance, net | 102.4 |  |  | — |  |  | — |  |  | 102.4 |
Vehicle transportation services | — |  |  | 58.0 |  |  | — |  |  | 58.0 |
Total revenue | 1,151.2 |  |  | 58.0 |  |  | — |  |  | 1,209.2 |
Cost of revenue: |  |  |  |  |  |  |
Powersports vehicles | 738.6 |  |  | — |  |  | — |  |  | 738.6 |
Parts, service and accessories | 111.7 |  |  | — |  |  | — |  |  | 111.7 |
Vehicle transportation services | — |  |  | 44.6 |  |  | — |  |  | 44.6 |
Total cost of revenue | 850.3 |  |  | 44.6 |  |  | — |  |  | 894.9 |
Gross profit | 300.9 |  |  | 13.4 |  |  | — |  |  | 314.3 |
Compensation and related costs | 152.4 |  |  | 7.0 |  |  | — |  |  | 159.4 |
Facilities | 45.0 |  |  | 0.2 |  |  | — |  |  | 45.2 |
Other operating expenses(1) | 70.1 |  |  | 0.7 |  |  | — |  |  | 70.8 |
Impairment of franchise rights | — |  |  | — |  |  | 39.3 |  |  | 39.3 |
Depreciation and amortization | — |  |  | — |  |  | 14.3 |  |  | 14.3 |
Floor plan interest expense | 16.0 |  |  | — |  |  | (16.0) |  |  | — |
Operating income (loss) | $ | 17.4 |  |  | $ | 5.5 |  |  | $ | (37.6) |  |  | $ | (14.7) |
Floor plan interest expense |  |  |  |  |  |  | 16.0 |
Other interest expense |  |  |  |  |  |  | 48.1 |
Loss from continuing operations before income taxes |  |  |  |  |  |  | $ | (78.8) |
(1) Other operating expenses represent general and administrative expenses, advertising, professional fees, and stock-based compensation expenses. The detail for such expenses on a consolidated basis is included in Note 11 and is attributable to the Powersports Dealership Group except for $0.7 million that was in Vehicle Transportation Services.
($ in millions) | Powersports Dealership Group |  | Vehicle Transportation Services |  | Unallocated, Eliminations and Adjustments |  | Total
2023 |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |
Powersports vehicles | $ | 951.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 951.4 |
Parts, service and accessories | 241.8 |  |  | — |  |  | — |  |  | 241.8 |
Finance and insurance, net | 117.0 |  |  | — |  |  | — |  |  | 117.0 |
Vehicle transportation services(1) | — |  |  | 56.6 |  |  | (0.4) |  |  | 56.2 |
Total revenue | 1,310.2 |  |  | 56.6 |  |  | (0.4) |  |  | 1,366.4 |
Cost of revenue: |  |  |  |  |  |  |
Powersports vehicles | 832.5 |  |  | — |  |  | — |  |  | 832.5 |
Parts, service and accessories | 131.5 |  |  | — |  |  | — |  |  | 131.5 |
Vehicle transportation services | — |  |  | 42.9 |  |  | (0.4) |  |  | 42.5 |
Total cost of revenue | 964.0 |  |  | 42.9 |  |  | (0.4) |  |  | 1,006.5 |
Gross profit | 346.2 |  |  | 13.7 |  |  | — |  |  | 359.9 |
Compensation and related costs | 192.1 |  |  | 7.4 |  |  | — |  |  | 199.5 |
Facilities | 44.3 |  |  | 0.2 |  |  | — |  |  | 44.5 |
Other operating expenses(2) | 102.9 |  |  | 0.4 |  |  | — |  |  | 103.3 |
Impairment of goodwill and franchise rights | — |  |  | — |  |  | 60.1 |  |  | 60.1 |
Depreciation and amortization | — |  |  | — |  |  | 22.0 |  |  | 22.0 |
Floor plan interest expense | 13.2 |  |  |  |  | (13.2) |  |  | — |
Operating income (loss) | $ | (6.3) |  |  | $ | 5.7 |  |  | $ | (68.9) |  |  | $ | (69.5) |
Floor plan interest expense |  |  |  |  |  |  | 13.2 |
Other interest expense |  |  |  |  |  |  | 64.0 |
Other non-operating expense |  |  |  |  |  |  | 8.4 |
Loss from continuing operations before income taxes |  |  |  |  |  |  | $ | (155.1) |
(1) Revenue in 2023 included $0.4 million of revenue from the discontinued automotive segment. All other revenue is from external customers. (2) Other operating expenses represent general and administrative expenses, advertising, professional fees, and stock-based compensation expenses. The detail for such expenses on a consolidated basis is included in Note 11 and is attributable to the Powersports Dealership Group except for $0.4 million that was in Vehicle Transportation Services.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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