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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Income Statement [Abstract]        
Net sales $ 2,727,788 $ 2,003,133 $ 5,265,148 $ 4,161,918
Cost of products sold 2,312,911 1,746,727 4,471,419 3,596,701
Gross profit 414,877 256,406 793,729 565,217
Selling, general and administrative expenses 206,189 162,357 387,952 350,821
Amortization of intangible assets 29,203 24,273 56,630 48,566
Impairment charges 0 10,057 0 10,057
Interest income 202 974 520 1,949
Interest expense 24,164 27,234 48,440 55,259
Other income, net 8,436 1,404 9,051 1,034
Income before income taxes 163,959 34,863 310,278 103,497
Income tax provision 32,769 7,837 63,449 24,626
Net income 131,190 27,026 246,829 78,871
Less: Net income (loss) attributable to non-controlling interests (1,334) (1,647) 548 (867)
Net income attributable to THOR Industries, Inc. $ 132,524 $ 28,673 $ 246,281 $ 79,738
Weighted-average common shares outstanding:        
Basic (in shares) 55,366,241 55,198,756 55,302,203 55,146,915
Diluted (in shares) 55,568,667 55,396,116 55,561,675 55,310,385
Earnings per common share:        
Basic (in dollars per share) $ 2.39 $ 0.52 $ 4.45 $ 1.45
Diluted (in dollars per share) $ 2.38 $ 0.52 $ 4.43 $ 1.44
Comprehensive income:        
Net income $ 131,190 $ 27,026 $ 246,829 $ 78,871
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustment 60,133 (11,902) 41,140 (10,909)
Unrealized gain (loss) on derivatives, net of tax 2,351 (224) 5,683 (3,946)
Total other comprehensive income (loss), net of tax 62,484 (12,126) 46,823 (14,855)
Total Comprehensive income 193,674 14,900 293,652 64,016
Less: Comprehensive income (loss) attributable to non-controlling interests (1,307) (1,949) 688 (1,311)
Comprehensive income attributable to THOR Industries, Inc. $ 194,981 $ 16,849 $ 292,964 $ 65,327