Camping World Holdings, Inc. (CWH): restructuring charge — Camping World to exit Active Sports business; expects $11M-$16M impairment charge

Camping World Holdings, Inc.

Management decided on March 1, 2023 to exit and restructure Active Sports, LLC, a specialty products retail subsidiary.
Estimated total impairment charges between $11 million and $16 million for property, equipment, lease assets, and intangibles.
No future cash expenditures expected from the impairment charges.
Restructuring involves liquidation of substantially all Active Sports assets and closure of the business.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Camping World Holdings, Inc. announced a impairment with charges of between $11 million and $16 million affecting Active Sports, LLC, a specialty products retail business.

Type: impairment
Charge: between $11 million and $16 million
Affected area: Active Sports, LLC, a specialty products retail business

Exact text from the filing

assets associated with the Active Sports business. The Company currently estimates the total impairment charges associated with these restructuring activities to be between $11 million and $16 million which includes property and equipment, operating lease assets, and intangibles. The Company expects that none of the foregoing impairment charges will directly

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Camping World Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-028821

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