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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Income Statement [Abstract]        
Net sales $ 4,657,517 $ 3,459,264 $ 12,490,759 $ 8,724,412
Cost of products sold 3,850,072 2,953,984 10,352,616 7,425,403
Gross profit 807,445 505,280 2,138,143 1,299,009
Selling, general and administrative expenses 281,676 231,834 845,009 619,786
Amortization of intangible assets 40,725 30,480 117,288 87,110
Interest income 570 142 854 662
Interest expense 22,859 26,808 68,370 75,248
Other income (expense), net (348) 16,379 13,172 25,430
Income before income taxes 462,407 232,679 1,121,502 542,957
Income tax provision 116,389 49,960 265,046 113,409
Net income 346,018 182,719 856,456 429,548
Less: Net (loss) attributable to non-controlling interests (2,033) (592) (405) (44)
Net income attributable to THOR Industries, Inc. $ 348,051 $ 183,311 $ 856,861 $ 429,592
Weighted-average common shares outstanding:        
Basic (in shares) 54,906,356 55,366,241 55,278,320 55,323,080
Diluted (in shares) 55,068,783 55,723,378 55,507,023 55,615,107
Earnings per common share:        
Basic (in dollars per share) $ 6.34 $ 3.31 $ 15.50 $ 7.77
Diluted (in dollars per share) $ 6.32 $ 3.29 $ 15.44 $ 7.72
Comprehensive income:        
Net income $ 346,018 $ 182,719 $ 856,456 $ 429,548
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustment (90,910) (7,449) (196,051) 33,691
Unrealized gain on derivatives, net of tax 3,620 2,929 8,104 8,612
Other (loss), net of tax 0 0 (372) 0
Total other comprehensive income (loss), net of tax (87,290) (4,520) (188,319) 42,303
Total Comprehensive income 258,728 178,199 668,137 471,851
Less: Comprehensive income (loss) attributable to non-controlling interests (2,417) (647) (1,494) 41
Comprehensive income attributable to THOR Industries, Inc. $ 261,145 $ 178,846 $ 669,631 $ 471,810