XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
3 Months Ended
Oct. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS    On December 1, 2021, the Company acquired certain assets of Jaycox Implement, Inc. The acquired business consisted of three agricultural equipment stores in Worthington and Luverne, Minnesota and Lake Park, Iowa. In its most recent fiscal year, Jaycox Implement, Inc. generated revenue of approximately $91 million. These locations will be included in the Company's Agriculture segment. The total cash consideration paid for the acquired business was $28.2 million. The Company has committed to acquire the real estate of Jaycox Implement, Inc., subject to customary closing conditions, for a purchase price of $5.5 million and anticipates completing the real estate acquisition by January 31, 2022. The Company has considered the disclosure requirements of ASC 805-10-50-2 and ASC 805-10-50-4 but has not included certain required disclosures in this report due to the timing of the transaction.