Business Segments

9 Months Ended

Apr. 30, 2014

Business Segments

4. Business Segments

The Company has two reportable segments: (1) towable recreational vehicles and (2) motorized recreational vehicles. The towables 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, restricted cash and deferred income tax assets.

	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013
Net sales:
Recreational vehicles:
Towables	$	800,737	$	742,429	$	1,896,064	$	1,904,449
Motorized		246,086		187,336		586,052		423,345
Total	$	1,046,823	$	929,765	$	2,482,116	$	2,327,794
	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013
Income (loss) from continuing operations before income taxes:
Recreational vehicles:
Towables	$	72,572	$	62,540	$	137,111	$	129,335
Motorized		17,669		15,082		42,305		30,403
Total recreational vehicles		90,241		77,622		179,416		159,738
Corporate		(7,493)		(7,059)		(18,325)		(20,549)
Total	$	82,748	$	70,563	$	161,091	$	139,189

Total assets:	April 30, 2014		July 31, 2013
Recreational vehicles:
Towables	$	910,674	$	759,658
Motorized		218,651		126,123
Total recreational vehicles		1,129,325		885,781
Corporate		243,078		305,981
Assets of discontinued operations		–		136,506
Total	$	1,372,403	$	1,328,268