Business Segments

6 Months Ended

Jan. 31, 2014

Business Segments

4. Business Segments

The Company has two reportable segments: (1) towable recreational vehicles and (2) motorized recreational vehicles. The towable recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (towable), CrossRoads, Keystone (including Dutchmen, which was merged into Keystone during the second quarter of fiscal 2014), Heartland, Livin’ Lite and Bison. The motorized recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized) and Thor Motor Coach.

All manufacturing is conducted in the United States. Identifiable assets are those assets used in the operation of each reportable segment. Corporate assets primarily consist of cash and cash equivalents and deferred income tax assets.

	Three Months Ended January 31,				Six Months Ended January 31,
	2014		2013		2014		2013
Net sales:
Recreational vehicles:
Towables	$	472,474	$	522,838	$	1,095,327	$	1,162,020
Motorized		162,856		113,767		339,966		236,009
Total	$	635,330	$	636,605	$	1,435,293	$	1,398,029
	Three Months Ended January 31,				Six Months Ended January 31,
	2014		2013		2014		2013
Income (loss) from continuing operations before income taxes:
Recreational vehicles:
Towables	$	18,915	$	24,085	$	64,539	$	66,795
Motorized		11,193		6,883		24,636		15,321
Total recreational vehicles		30,108		30,968		89,175		82,116
Corporate		(6,206)		(6,510)		(10,832)		(13,490)
Total	$	23,902	$	24,458	$	78,343	$	68,626

	January 31, 2014		July 31, 2013
Identifiable assets:
Recreational vehicles:
Towables	$	777,549	$	759,658
Motorized		175,213		126,123
Total recreational vehicles		952,762		885,781
Corporate		295,835		305,981
Assets of discontinued operations		–		136,506
Total	$	1,248,597	$	1,328,268