INTANGIBLE ASSETS AND GOODWILL

12 Months Ended

Jul. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The components of Amortizable intangible assets are as follows:


	July 31, 2025				July 31, 2024
	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Dealer networks/customer relationships	$	1,126,554	$	696,064	$	1,107,396	$	610,106
Trademarks	360,291		135,063		353,435		114,272
Design technology and other intangibles	268,148		165,108		259,660		134,980


Total amortizable intangible assets	$	1,754,993	$	996,235	$	1,720,491	$	859,358

Estimated annual amortization expense is as follows:


For the fiscal year ending July 31, 2026	$	110,334
For the fiscal year ending July 31, 2027	101,466
For the fiscal year ending July 31, 2028	92,491
For the fiscal year ending July 31, 2029	76,563
For the fiscal year ending July 31, 2030	60,951
For the fiscal year ending July 31, 2031 and thereafter	316,953
	$	758,758

The Company completed its annual Goodwill impairment test for fiscal 2025 as of May 31, 2025, and no impairment was identified. There were no impairments of goodwill during fiscal 2024 or 2023.

Changes in the carrying amount of Goodwill by reportable segment as of July 31, 2025 and July 31, 2024 are summarized as follows:


	North American Towable		North American Motorized		European		Other		Total
Net balance as of July 31, 2023	$	337,883	$	65,064	$	965,758	$	431,717	$	1,800,422
Fiscal year 2024 activity:
Goodwill acquired	—		—		—		3,635		3,635

Foreign currency translation and other	—		—		(17,084)		—		(17,084)


Net balance as of July 31, 2024	$	337,883	$	65,064	$	948,674	$	435,352	$	1,786,973
Fiscal year 2025 activity:


Foreign currency translation and other	—		—		54,145		—		54,145


Net balance as of July 31, 2025	$	337,883	$	65,064	$	1,002,819	$	435,352	$	1,841,118

The components of the goodwill balances by reportable segment as of July 31, 2025 and July 31, 2024 are summarized as follows:


	North American Towable		North American Motorized		European		Other		Total
Goodwill	$	348,032	$	82,316	$	1,002,819	$	435,352	$	1,868,519
Accumulated impairment charges	(10,149)		(17,252)		—		—		(27,401)
Net balance as of July 31, 2025	$	337,883	$	65,064	$	1,002,819	$	435,352	$	1,841,118


	North American Towable		North American Motorized		European		Other		Total
Goodwill	$	348,032	$	82,316	$	948,674	$	435,352	$	1,814,374
Accumulated impairment charges	(10,149)		(17,252)		—		—		(27,401)
Net balance as of July 31, 2024	$	337,883	$	65,064	$	948,674	$	435,352	$	1,786,973