Intangible Assets and Goodwill

3 Months Ended

Oct. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

The components of amortizable intangible assets are as follows:

	October 31, 2020				July 31, 2020
			Accumulated				Accumulated
	Cost		Amortization		Cost		Amortization
Dealer networks/customer relationships	$	763,378	$	270,510	$	766,198	$	252,320
Trademarks	276,985		51,066		275,775		47,743
Design technology and other intangibles	212,218		45,551		213,468		40,654
Total amortizable intangible assets	$	1,252,581	$	367,127	$	1,255,441	$	340,717

Estimated future amortization expense is as follows:

For the remainder of the fiscal year ending July 31, 2021	$	81,636
For the fiscal year ending July 31, 2022	112,771
For the fiscal year ending July 31, 2023	92,322
For the fiscal year ending July 31, 2024	83,315
For the fiscal year ending July 31, 2025	76,397
For the fiscal year ending July 31, 2026 and thereafter	439,013
	$	885,454

Changes in the carrying amount of goodwill by reportable segment for the three months ended October 31, 2020 are summarized as follows:

	North American Towables		North American Motorized		European		Other		Total
Net balance as of August 1, 2020	$	333,786	$	—	$	1,037,929	$	104,826	$	1,476,541
Fiscal 2021 activity:
Goodwill acquired	—		—		—		17,882		17,882
Foreign currency translation	—		—		(13,140)		—		(13,140)
Net balance as of October 31, 2020	$	333,786	$	—	$	1,024,789	$	122,708	$	1,481,283

Changes in the carrying amount of goodwill by reportable segment for the three months ended October 31, 2019 are summarized as follows:

	North American Towables		North American Motorized		European		Other		Total
Net balance as of August 1, 2019	$	334,822	$	—	$	980,339	$	42,871	$	1,358,032
Fiscal 2020 activity:
Measurement period adjustments	—		—		3,054		—		3,054
Foreign currency translation	—		—		179		—		179
Net balance as of October 31, 2019	$	334,822	$	—	$	983,572	$	42,871	$	1,361,265