Business Segments

3 Months Ended

Oct. 31, 2023

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has three reportable segments, all related to recreational vehicles: (1) North American Towable Recreational Vehicles, (2) North American Motorized Recreational Vehicles and (3) European Recreational Vehicles. The operations of the Company's Airxcel and Postle subsidiaries are included in “Other”. Net sales included in Other relate primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Airxcel and Postle sales to the Company’s North American Towable 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 October 31,
NET SALES:	2023		2022
Recreational vehicles
North American Towable	$	945,454	$	1,317,806
North American Motorized	711,159		1,123,519
Total North America	1,656,613		2,441,325
European	708,201		504,302
Total recreational vehicles	2,364,814		2,945,627
Other	198,921		232,648
Intercompany eliminations	(62,976)		(70,191)
Total	$	2,500,759	$	3,108,084

	Three Months Ended October 31,
INCOME (LOSS) BEFORE INCOME TAXES:	2023		2022
Recreational vehicles
North American Towable	$	49,249	$	111,007
North American Motorized	37,052		124,433
Total North America	86,301		235,440
European	28,767		(6,468)
Total recreational vehicles	115,068		228,972
Other, net	9,476		4,745
Corporate	(51,962)		(54,446)
Total	$	72,582	$	179,271

TOTAL ASSETS:	October 31, 2023		July 31, 2023
Recreational vehicles
North American Towable	$	1,442,405	$	1,429,899
North American Motorized	1,269,984		1,268,109
Total North America	2,712,389		2,698,008
European	2,787,150		2,898,175
Total recreational vehicles	5,499,539		5,596,183
Other	1,032,989		1,048,076
Corporate	639,945		616,571
Total	$	7,172,473	$	7,260,830

DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	Three Months Ended October 31,
	2023		2022
Recreational vehicles
North American Towable	$	13,764	$	15,437
North American Motorized	8,942		8,161
Total North America	22,706		23,598
European	30,397		27,302
Total recreational vehicles	53,103		50,900
Other	13,626		15,648
Corporate	549		445
Total	$	67,278	$	66,993

	Three Months Ended October 31,
CAPITAL ACQUISITIONS:	2023		2022
Recreational vehicles
North American Towable	$	6,930	$	21,174
North American Motorized	7,475		19,064
Total North America	14,405		40,238
European	14,760		8,920
Total recreational vehicles	29,165		49,158
Other	8,291		4,812
Corporate	2,735		120
Total	$	40,191	$	54,090