XML 74 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Joint Ventures
12 Months Ended
Jul. 31, 2012
Joint Ventures

15.  JOINT VENTURE

In March 1996, the Company and Cruise America, Inc., an unrelated third party, formed a joint venture, CAT Joint Venture LLC (“CAT”), to make short-term rentals of motorized recreation vehicles to the public. The Company’s total investment in this joint venture at July 31, 2012 and 2011 was $1,739 and $2,741, respectively.

This investment is 50% owned and is accounted for using the equity method. The Company’s share of the earnings for this investment was $198, $267 and $217 in fiscal 2012, 2011 and 2010, respectively, and is included in the other income caption of the Consolidated Statements of Income and Comprehensive Income. During fiscal 2012 the Company received dividends totaling $1,200.

During fiscal 2012, 2011 and 2010, the Company’s Thor Motor Coach segment had sales to Cruise America of $30,785, $26,872 and $27,859, respectively. During fiscal 2012, 2011 and 2010, Cruise America did not have any sales to CAT.