v3.25.3
INVENTORY AND VEHICLE FLOOR PLAN NOTES PAYABLE (Tables)
 9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
($ in millions)September 30,
2025		December 31,
2024
New powersports vehicles$199.8 $184.9 
Pre-owned powersports vehicles42.9 34.3 
Parts, accessories and other23.3 21.4 
Inventory, net$266.0 $240.6 
Schedule of Floor Plan Notes Payable
Floor plan notes payable as of September 30, 2025 and December 31, 2024 were as follows:
($ in millions)September 30,
2025		December 31,
2024
Floor plans notes payable - trade$104.2 $73.5 
Floor plans notes payable - non-trade(1)
131.1 136.4 
Floor plan notes payable$235.3 $209.9 
(1) Includes amounts borrowed under related-party pre-owned inventory floor plan line. See Note 10.
Long-term debt consisted of the following as of September 30, 2025 and December 31, 2024:
($ in millions)September 30, 2025December 31, 2024
Term loan credit agreement(1)
$209.1 $227.1 
Subordinated Loans(2)
10.0 — 
6.75% convertible senior notes
— 38.8 
Fleet notes and other1.2 1.5 
Total principal amount220.3 267.4 
Less: unamortized debt discount and issuance costs(12.8)(16.3)
Total long-term debt207.5 251.1 
Less: current portion of long-term debt (0.4)(39.1)
Long-term debt, net of current portion$207.1 $212.0 
(1) Fair value of $222.3 million and $243.8 million, respectively.
(2) Fair value of $8.6 million as of September 30, 2025. See Note 10 for a description of the Subordinated Loans, which are with related parties.