BUSINESS SEGMENTS

12 Months Ended

Jul. 31, 2020

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The Company has three reportable segments, all related to recreational vehicles: (1) North American towables, (2) North American motorized and (3) European.

The North American towable recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (towable), Heartland (including Cruiser RV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen) and KZ (including Venture RV). The North American motorized recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach. The European recreational vehicles reportable segment consists solely of the EHG business. EHG manufactures a full line of towable and motorized recreational vehicles, including motorcaravans, caravans and campervans in eight RV production facilities within Europe. EHG produces and sells numerous brands within Europe, including Buccaneer, Buerstner, Carado, Compass, CrossCamp, Dethleffs, Elddis, Eriba, Etrusco, Hymer, Laika, LMC, Niesmann+Bischoff, Sunlight and Xplore. In addition, EHG’s operations include other RV-related products and services.

The operations of the Company’s Postle and Togo Group subsidiaries are included in “Other,” which is a non-reportable segment. Net sales included in Other mainly relate to the sale of aluminum extrusions and specialized component products. Intercompany eliminations adjust for Postle sales to the Company’s North American towable and North American motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of extrusion components to third-party customers.

Total assets include those assets used in the operation of each reportable and non-reportable segment, and the Corporate assets consist primarily of cash and cash equivalents, deferred income taxes, deferred compensation plan assets and certain Corporate real estate holdings primarily utilized by Thor’s U.S.-based operating subsidiaries.

	2020		2019		2018
NET SALES:
Recreational vehicles
North American Towables	$	4,140,482	$	4,558,451	$	6,008,700
North American Motorized	1,390,098		1,649,329		2,146,315
Total North America	5,530,580		6,207,780		8,155,015
European	2,485,391		1,486,978		—
Total recreational vehicles	8,015,971		7,694,758		8,155,015
Other	234,481		263,374		305,947
Intercompany eliminations	(82,519)		(93,374)		(132,053)
Total	$	8,167,933	$	7,864,758	$	8,328,909

INCOME (LOSS) BEFORE INCOME TAXES:
Recreational vehicles
North American Towables	$	336,207	$	322,228	$	532,657
North American Motorized	71,943		80,910		134,785
Total North America	408,150		403,138		667,442
European	9,850		(5,946)		—
Total recreational vehicles	418,000		397,192		667,442
Other, net	27,751		29,086		32,667
Corporate	(172,855)		(241,612)		(67,080)
Total	$	272,896	$	184,666	$	633,029

	2020		2019
TOTAL ASSETS:
Recreational vehicles
North American Towables	$	1,529,913	$	1,516,519
North American Motorized	480,225		446,626
Total North America	2,010,138		1,963,145
European	3,102,071		3,077,804
Total recreational vehicles	5,112,209		5,040,949
Other, net	212,378		163,897
Corporate	446,873		455,600
Total	$	5,771,460	$	5,660,446

	2020		2019		2018
DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE:
Recreational vehicles
North American Towables	$	66,042	$	67,751	$	68,964
North American Motorized	14,202		13,831		11,800
Total North America	80,244		81,582		80,764
European	103,671		54,881		—
Total recreational vehicles	183,915		136,463		80,764
Other, net	10,488		10,647		10,861
Corporate	1,764		1,667		1,598
Total	$	196,167	$	148,777	$	93,223

CAPITAL ACQUISITIONS:
Recreational vehicles
North American Towables	$	27,219	$	69,321	$	85,304
North American Motorized	12,603		17,179		34,660
Total North America	39,822		86,500		119,964
European	62,165		35,653		—
Total recreational vehicles	101,987		122,153		119,964
Other, net	2,664		3,493		8,440
Corporate	1,172		1,599		8,902
Total	$	105,823	$	127,245	$	137,306

DESTINATION OF NET SALES BY GEOGRAPHIC REGION:
United States	$	5,296,482	$	5,803,373	$	7,540,015
Germany	1,494,419		836,151		1,687
Other Europe	966,023		636,105		4,358
Canada	377,053		561,172		776,068
Other foreign	33,956		27,957		6,781
Total	$	8,167,933	$	7,864,758	$	8,328,909

	2020		2019
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:
United States	$	564,171	$	569,641
Germany	444,981		424,333
Other Europe	93,220		92,553
Other	5,277		5,944
Total	$	1,107,649	$	1,092,471