Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jan. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) ("OCI") and the changes in the Company's accumulated other comprehensive income (loss) ("AOCI") by component were as follows:


	Three Months Ended January 31,
	2021								2020
	Foreign Currency		Unrealized						Foreign Currency		Unrealized
	Translation		Gain (Loss) on						Translation		Gain (Loss) on
	Adjustment		Derivative		Other		Total		Adjustment		Derivative		Other		Total
Balance at beginning of period	$	26,664	$	(15,491)	$	(696)	$	10,477	$	(46,085)	$	(13,194)	$	(1,048)	$	(60,327)
OCI before reclassifications	60,133		(352)		—		59,781		(11,902)		(2,272)		—		(14,174)
Income taxes associated with OCI before reclassifications	—		87		—		87		—		595		—		595
Amounts reclassified from AOCI	—		3,410		—		3,410		—		1,935		—		1,935
Income taxes associated with amounts reclassified from AOCI	—		(794)		—		(794)		—		(482)		—		(482)
AOCI, net of tax	86,797		(13,140)		(696)		72,961		(57,987)		(13,418)		(1,048)		(72,453)
Less: AOCI attributable to noncontrolling interest	(715)		—		—		(715)		(1,038)		—		—		(1,038)
AOCI, net of tax, attributable to THOR Industries, Inc.	$	87,512	$	(13,140)	$	(696)	$	73,676	$	(56,949)	$	(13,418)	$	(1,048)	$	(71,415)


	Six Months Ended January 31,
	2021								2020
	Foreign Currency		Unrealized						Foreign Currency		Unrealized
	Translation		Gain (Loss) on						Translation		Gain (Loss) on
	Adjustment		Derivative		Other		Total		Adjustment		Derivative		Other		Total
Balance at beginning of period	$	45,657	$	(18,823)	$	(696)	$	26,138	$	(47,078)	$	(9,472)	$	(1,048)	$	(57,598)
OCI before reclassifications	41,140		380		—		41,520		(10,909)		(7,826)		—		(18,735)
Income taxes associated with OCI before reclassifications	—		(87)		—		(87)		—		1,932		—		1,932
Amounts reclassified from AOCI	—		7,049		—		7,049		—		2,582		—		2,582
Income taxes associated with amounts reclassified from AOCI	—		(1,659)		—		(1,659)		—		(634)		—		(634)
AOCI, net of tax	86,797		(13,140)		(696)		72,961		(57,987)		(13,418)		(1,048)		(72,453)
Less: AOCI attributable to noncontrolling interest	(715)		—		—		(715)		(1,038)		—		—		(1,038)
AOCI, net of tax, attributable to THOR Industries Inc.	$	87,512	$	(13,140)	$	(696)	$	73,676	$	(56,949)	$	(13,418)	$	(1,048)	$	(71,415)

The Company does not recognize deferred taxes for a majority of the foreign currency translation gains and losses because the Company does not anticipate reversal in the foreseeable future.