Business Segments

3 Months Ended

Oct. 31, 2015

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), Bison, CrossRoads, Heartland (including its wholly owned subsidiaries CRV and DRV), Keystone, KZ and Livin’ Lite. The motorized recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized) and Thor Motor Coach.

The operations of the Company’s Postle subsidiary, which was acquired May 1, 2015, are included in Other, which is a non-reportable segment. Net sales included in Other mainly relate to the sale of aluminum extrusions and specialized component products. Intercompany eliminations adjust for Postle sales to the Company’s towables and motorized segments, which are transacted at established arm’s length transfer prices generally consistent with the selling prices of extrusion components to third party customers.

All manufacturing is conducted in the United States. Total assets include those assets used in the operation of each reportable and non-reportable segment, and the Corporate assets consist primarily of cash and cash equivalents and deferred income tax assets.

	Three Months Ended October  31,
	2015			2014
Net sales:
Recreational vehicles:
Towables	$	744,679		$	699,778
Motorized		251,099			222,214
Total recreational vehicles		995,778			921,992
Other		50,382			—
Intercompany eliminations		(15,809	)		—
Total	$	1,030,351		$	921,992
	Three Months Ended October  31,
	2015			2014
Income (loss) from continuing operations before income taxes:
Recreational vehicles:
Towables	$	63,224		$	49,299
Motorized		21,653			15,101
Total recreational vehicles		84,877			64,400
Other, net		2,656			—
Corporate		(9,842	)		(7,694	)
Total	$	77,691		$	56,706
	October 31, 2015			July 31, 2015
Total assets:
Recreational vehicles:
Towables	$	951,863		$	907,175
Motorized		196,260			162,940
Total recreational vehicles		1,148,123			1,070,115
Other, net		155,276			161,075
Corporate		268,984			272,058
Total	$	1,572,383		$	1,503,248