Business Segments

9 Months Ended

Apr. 30, 2023

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 and Airxcel subsidiaries are included in “Other”, along with the operations of Roadpass Digital through December 30, 2022 as discussed in Note 9 to the Condensed Consolidated Financial Statements. Net sales included in Other related primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations primarily adjust for Postle and Airxcel sales 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:	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	1,124,410	$	2,640,137	$	3,271,967	$	6,866,059
North American Motorized	795,940		1,053,045		2,658,042		2,954,879
Total North America	1,920,350		3,693,182		5,930,009		9,820,938
European	866,751		724,002		2,017,991		2,080,729
Total recreational vehicles	2,787,101		4,417,184		7,948,000		11,901,667
Other	201,164		383,170		598,671		935,146
Intercompany eliminations	(59,445)		(142,837)		(163,132)		(346,054)
Total	$	2,928,820	$	4,657,517	$	8,383,539	$	12,490,759

	Three Months Ended April 30,				Nine Months Ended April 30,
INCOME (LOSS) BEFORE INCOME TAXES:	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	77,583	$	326,697	$	181,471	$	868,874
North American Motorized	48,186		116,293		234,163		309,228
Total North America	125,769		442,990		415,634		1,178,102
European	72,401		20,559		77,948		12,248
Total recreational vehicles	198,170		463,549		493,582		1,190,350
Other, net	16,970		46,910		30,004		93,531
Corporate	(59,689)		(48,052)		(156,146)		(162,379)
Total	$	155,451	$	462,407	$	367,440	$	1,121,502

TOTAL ASSETS:	April 30, 2023		July 31, 2022
Recreational vehicles
North American Towables	$	1,629,231	$	2,040,841
North American Motorized	1,437,825		1,239,476
Total North America	3,067,056		3,280,317
European	2,865,580		2,449,270
Total recreational vehicles	5,932,636		5,729,587
Other	1,094,611		1,272,829
Corporate	526,712		405,716
Total	$	7,553,959	$	7,408,132

DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE:	Three Months Ended April 30,				Nine Months Ended April 30,
	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	15,188	$	16,149	$	45,653	$	48,764
North American Motorized	8,114		7,388		24,447		21,517
Total North America	23,302		23,537		70,100		70,281
European	29,840		31,501		85,855		99,910
Total recreational vehicles	53,142		55,038		155,955		170,191
Other	14,563		16,177		45,549		41,014
Corporate	446		431		1,322		1,289
Total	$	68,151	$	71,646	$	202,826	$	212,494

	Three Months Ended April 30,				Nine Months Ended April 30,
CAPITAL ACQUISITIONS:	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	14,367	$	19,833	$	52,361	$	54,446
North American Motorized	4,918		9,885		34,248		25,205
Total North America	19,285		29,718		86,609		79,651
European	15,889		16,173		36,960		70,400
Total recreational vehicles	35,174		45,891		123,569		150,051
Other	13,144		9,272		25,913		21,452
Corporate	854		501		1,125		584
Total	$	49,172	$	55,664	$	150,607	$	172,087