DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Depreciation and amortization expense is calculated using the straight-line method over the shorter of the asset’s estimated useful life or the lease term, if applicable.


Category						Estimated Useful Life (in Years)
Buildings						25
Leasehold Improvements						15
Furniture, fixtures and equipment						3 to 15
Technology development						3 to 5
Vehicles						5

The following table summarizes property and equipment, net, as of December 31:


($ in millions)	2025		2024
Land	$	11.5	$	11.5
Buildings and improvements	39.9		39.9
Leasehold improvements	19.2		16.1
Furniture, fixtures and equipment	7.6		8.3
Technology development	9.0		9.7
Vehicles	11.5		12.6
Total property and equipment	98.7		98.1
Less: accumulated depreciation and amortization	38.2		34.6
Total	$	60.5	$	63.5

Schedules of Concentration Risk

For 2025, original equipment manufacturers (“OEM”s) representing 10% or more of the Company’s revenue from new powersports vehicle sales were as follows:


Manufacturer (Powersports Vehicle Brands):						% of Total New Vehicle Revenue
Polaris						26.3%
BRP						24.0%
Harley-Davidson						11.3%
Yamaha						10.7%
Kawasaki						10.1%