INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Amortizable Intangible Assets

The components of amortizable intangible assets are as follows:

 

	July 31, 2021				July 31, 2020
	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Dealer networks/customer relationships	$	861,562	$	327,751	$	766,198	$	252,320
Trademarks	311,208		62,675		275,775		47,743
Design technology and other intangibles	215,956		62,237		213,468		40,654
Non-compete agreements	1,400		292		—		—
Total amortizable intangible assets	$	1,390,126	$	452,955	$	1,255,441	$	340,717

Estimated Amortization Expense

Estimated annual amortization expense is as follows:

For the fiscal year ending July 31, 2022	$	124,151
For the fiscal year ending July 31, 2023	105,779
For the fiscal year ending July 31, 2024	95,960
For the fiscal year ending July 31, 2025	87,817
For the fiscal year ending July 31, 2026	79,049
For the fiscal year ending July 31, 2027 and thereafter	444,415
	$	937,171

Changes in Carrying Amount of Goodwill by Reportable Segment

Changes in the carrying amount of goodwill by reportable segment as of July 31, 2021 and July 31, 2020 are summarized as follows:

 

	North American Towables		North  American Motorized		European		Other		Total
Net balance as of July 31, 2019	$	334,822	$	—	$	980,339	$	42,871	$	1,358,032
Fiscal year 2020 activity:
Goodwill acquired	—		—		—		62,366		62,366
Measurement period adjustment	—		—		1,282		(411)		871
Foreign currency translation and other	—		—		56,308		—		56,308
Impairment charge	(1,036)								(1,036)
Net balance as of July 31, 2020	$	333,786	$	—	$	1,037,929	$	104,826	$	1,476,541
Fiscal year 2021 activity:
Goodwill acquired	18,845		43,491		—		17,882		80,218
Measurement period adjustment	(7,656)		10,384		—		—		2,728
Foreign currency translation and other	—		—		3,768		—		3,768
Net balance as of July 31, 2021	$	344,975	$	53,875	$	1,041,697	$	122,708	$	1,563,255

The components of the goodwill balances as of July 31, 2021 and July 31, 2020 are summarized as follows:

 

	North American Towables		North  American Motorized		European		Other		Total
Goodwill	$	355,124	$	71,127	$	1,041,697	$	122,708	$	1,590,656
Accumulated impairment charges	(10,149)		(17,252)		—		—		(27,401)
Net balance as of July 31, 2021	$	344,975	$	53,875	$	1,041,697	$	122,708	$	1,563,255

 

	North American Towables		North  American Motorized		European		Other		Total
Goodwill	$	343,935	$	17,252	$	1,037,929	$	104,826	$	1,503,942
Accumulated impairment charges	(10,149)		(17,252)		—		—		(27,401)
Net balance as of July 31, 2020	$	333,786	$	—	$	1,037,929	$	104,826	$	1,476,541