Business Segments

9 Months Ended

Apr. 30, 2022

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 operations of the Company’s Postle, Roadpass Digital (formerly Togo Group) and Airxcel subsidiaries are included in Other. Net sales included in Other related primarily to the sale of component parts and aluminum extrusions. Intercompany eliminations adjust for Postle and Airxcel sales primarily to the Company’s North American Towables and North American Motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of products to third parties.

The following tables reflect certain financial information by reportable segment:

	Three Months Ended April 30,				Nine Months Ended April 30,
NET SALES:	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	2,640,137	$	1,726,102	$	6,866,059	$	4,491,327
North American Motorized	1,053,045		775,393		2,954,879		1,846,243
Total North America	3,693,182		2,501,495		9,820,938		6,337,570
European	724,002		894,240		2,080,729		2,230,191
Total recreational vehicles	4,417,184		3,395,735		11,901,667		8,567,761
Other	383,170		106,960		935,146		262,381
Intercompany eliminations	(142,837)		(43,431)		(346,054)		(105,730)
Total	$	4,657,517	$	3,459,264	$	12,490,759	$	8,724,412

	Three Months Ended April 30,				Nine Months Ended April 30,
INCOME (LOSS) BEFORE INCOME TAXES:	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	326,697	$	167,693	$	868,874	$	456,752
North American Motorized	116,293		54,780		309,228		139,768
Total North America	442,990		222,473		1,178,102		596,520
European	20,559		43,993		12,248		48,703
Total recreational vehicles	463,549		266,466		1,190,350		645,223
Other, net	46,910		16,667		93,531		37,801
Corporate	(48,052)		(50,454)		(162,379)		(140,067)
Total	$	462,407	$	232,679	$	1,121,502	$	542,957

TOTAL ASSETS:	April 30, 2022		July 31, 2021
Recreational vehicles
North American Towables	$	2,268,957	$	1,870,577
North American Motorized	1,247,443		1,073,506
Total North America	3,516,400		2,944,083
European	2,565,984		2,975,821
Total recreational vehicles	6,082,384		5,919,904
Other	1,270,417		272,350
Corporate	382,699		461,834
Total	$	7,735,500	$	6,654,088

DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE:	Three Months Ended April 30,				Nine Months Ended April 30,
	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	16,149	$	16,904	$	48,764	$	49,029
North American Motorized	7,388		7,008		21,517		16,112
Total North America	23,537		23,912		70,281		65,141
European	31,501		31,251		99,910		94,182
Total recreational vehicles	55,038		55,163		170,191		159,323
Other	16,177		3,108		41,014		9,058
Corporate	431		418		1,289		1,262
Total	$	71,646	$	58,689	$	212,494	$	169,643

	Three Months Ended April 30,				Nine Months Ended April 30,
CAPITAL ACQUISITIONS:	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	19,833	$	9,750	$	54,446	$	26,071
North American Motorized	9,885		6,716		25,205		12,191
Total North America	29,718		16,466		79,651		38,262
European	16,173		14,889		70,400		38,105
Total recreational vehicles	45,891		31,355		150,051		76,367
Other	9,272		1,427		21,452		4,087
Corporate	501		358		584		747
Total	$	55,664	$	33,140	$	172,087	$	81,201