XML 33 R13.htm IDEA: XBRL DOCUMENT
v3.25.0.1

FRANCHISE RIGHTS AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
FRANCHISE RIGHTS AND OTHER INTANGIBLE ASSETS | FRANCHISE RIGHTS AND OTHER INTANGIBLE ASSETS Franchise rights and other intangible assets as of December 31 were comprised of the following:
($ in millions) | 2024 |  | 2023
Indefinite-lived intangible assets: |  |  |
Franchise rights(1) | $ | 161.0 |  |  | $ | 199.7 |
Goodwill, gross | $ | 242.5 |  |  | $ | 242.5 |
Accumulated impairment | (241.7) |  |  | (241.7) |
Goodwill, net | $ | 0.8 |  |  | $ | 0.8 |
Total indefinite-lived intangible assets | $ | 161.8 |  |  | $ | 200.5 |
Definite-lived intangible assets: |  |  |
Other intangible assets | 10.9 |  |  | 23.8 |
Less: accumulated amortization | 10.8 |  |  | 21.0 |
Definite-lived intangible assets, net(2) | $ | 0.1 |  |  | $ | 2.8 |
Total franchise rights and other intangible assets | $ | 161.9 |  |  | $ | 203.3 |
(1) Attributed to the Company’s powersports reporting unit. Net of accumulated impairment of $182.0 million and $142.7 million as of December 31, 2024 and 2023, respectively. (2) Primarily consists of non-compete agreements, which will become fully amortized in 2025. There was no change in the carrying amount of goodwill in 2024. The following is a summary of the changes in the carrying amount of goodwill by reporting unit in 2023:
($ in millions) | Powersports |  | Vehicle Transportation Services |  | Total
December 31, 2022 | $ | 20.3 |  | $ | 0.8 |  | $ | 21.1
Purchase accounting adjustments for prior year acquisitions | 0.2 |  | — |  | 0.2
Immaterial acquisition | 2.6 |  | — |  | 2.6
Impairment | (23.1) |  | — |  | (23.1)
December 31, 2023 | $ | — |  |  | $ | 0.8 |  |  | $ | 0.8 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration