Business Segments

9 Months Ended

Apr. 30, 2024

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 April 30,				Nine Months Ended April 30,
NET SALES:	2024		2023		2024		2023
Recreational vehicles
North American Towable	$	1,071,393	$	1,124,410	$	2,747,815	$	3,271,967
North American Motorized	646,948		795,940		1,928,531		2,658,042
Total North America	1,718,341		1,920,350		4,676,346		5,930,009
European	931,061		866,751		2,421,556		2,017,991
Total recreational vehicles	2,649,402		2,787,101		7,097,902		7,948,000
Other	216,227		201,164		581,682		598,671
Intercompany eliminations	(64,516)		(59,445)		(170,343)		(163,132)
Total	$	2,801,113	$	2,928,820	$	7,509,241	$	8,383,539

	Three Months Ended April 30,				Nine Months Ended April 30,
INCOME (LOSS) BEFORE INCOME TAXES:	2024		2023		2024		2023
Recreational vehicles
North American Towable	$	68,409	$	77,583	$	118,319	$	181,471
North American Motorized	33,172		48,186		96,684		234,163
Total North America	101,581		125,769		215,003		415,634
European	77,382		72,401		144,206		77,948
Total recreational vehicles	178,963		198,170		359,209		493,582
Other, net	18,831		16,970		35,650		30,004
Corporate	(55,444)		(59,689)		(173,033)		(156,146)
Total	$	142,350	$	155,451	$	221,826	$	367,440

TOTAL ASSETS:	April 30, 2024		July 31, 2023
Recreational vehicles
North American Towable	$	1,412,923	$	1,429,899
North American Motorized	1,180,707		1,268,109
Total North America	2,593,630		2,698,008
European	2,983,548		2,898,175
Total recreational vehicles	5,577,178		5,596,183
Other	1,045,512		1,048,076
Corporate	595,507		616,571
Total	$	7,218,197	$	7,260,830

DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	Three Months Ended April 30,				Nine Months Ended April 30,
	2024		2023		2024		2023
Recreational vehicles
North American Towable	$	13,555	$	15,188	$	41,107	$	45,653
North American Motorized	8,556		8,114		26,347		24,447
Total North America	22,111		23,302		67,454		70,100
European	31,517		29,840		93,050		85,855
Total recreational vehicles	53,628		53,142		160,504		155,955
Other	13,865		14,563		41,159		45,549
Corporate	658		446		1,885		1,322
Total	$	68,151	$	68,151	$	203,548	$	202,826

	Three Months Ended April 30,				Nine Months Ended April 30,
CAPITAL ACQUISITIONS:	2024		2023		2024		2023
Recreational vehicles
North American Towable	$	3,726	$	14,367	$	15,099	$	52,361
North American Motorized	2,642		4,918		15,503		34,248
Total North America	6,368		19,285		30,602		86,609
European	13,268		15,889		44,144		36,960
Total recreational vehicles	19,636		35,174		74,746		123,569
Other	5,762		13,144		20,297		25,913
Corporate	945		854		7,852		1,125
Total	$	26,343	$	49,172	$	102,895	$	150,607