Stockholders' Equity

6 Months Ended

Jan. 31, 2026

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Stock-based Compensation

The Company's Board of Directors (the “Board") and its shareholders approved the THOR Industries, Inc. Amended and Restated Equity and Incentive Plan (the “Plan”) effective December 17, 2025. The maximum number of shares issuable under the Plan is 2,800,000. As of January 31, 2026, the remaining shares available to be granted under the Plan is 2,799,761. There are no shares available for new awards under any previous equity and incentive plans. The key terms and provisions of the Plan are generally consistent with the prior, recently expired equity and incentive plan. Awards under the Plan may be in the form of stock options (incentive stock options and non-statutory stock options), restricted stock, restricted stock units, performance compensation stock awards and stock appreciation rights.

Total stock-based compensation expense recognized in the three-month periods ended January 31, 2026 and January 31, 2025 for stock-based awards totaled $7,947 and $8,073, respectively. Total stock-based compensation expense recognized in the six-month periods ended January 31, 2026 and January 31, 2025 for stock-based awards totaled $18,897 and $18,610, respectively.

Share Repurchase Program

On June 18, 2025, the Board authorized the Company's management to utilize up to $400,000 to purchase shares of the Company's common stock beginning on June 18, 2025 and extending through July 31, 2027. The June 18, 2025 authorization is the Company’s only active share repurchase authorization.

During the three-month period ended January 31, 2026, the Company purchased 242,731 shares of its common stock, at various times in the open market, at a weighted-average price of $103.95 and held them as treasury shares at an aggregate purchase price of $25,233.

During the six-month period ended January 31, 2026, the Company purchased 292,966 shares of its common stock, at various times in the open market, at a weighted-average price of $103.36 and held them as treasury shares at an aggregate purchase price of $30,280.

As of January 31, 2026, the remaining amount of the Company’s common stock that may be repurchased under the June 18, 2025 authorization expiring on July 31, 2027 is $349,020.