BUSINESS SEGMENTS

12 Months Ended

Jul. 31, 2017

Segment Reporting [Abstract]

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), Heartland (including Bison, CRV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen), and KZ (including Livin’ Lite). The motorized recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) 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 consummated 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.

	2017			2016			2015
Net sales:
Recreational vehicles
Towables	$	5,127,491		$	3,338,659		$	3,096,405
Motorized		1,971,466			1,094,250			870,799
Total recreational vehicles		7,098,957			4,432,909			3,967,204
Other		253,557			218,673			56,594
Intercompany eliminations		(105,562	)		(69,470	)		(16,979	)
Total	$	7,246,952		$	4,582,112		$	4,006,819
Income (loss) from continuing operations before income taxes:
Recreational vehicles
Towables	$	458,915		$	321,874		$	259,092
Motorized		125,323			88,523			66,746
Total recreational vehicles		584,238			410,397			325,838
Other		28,909			18,547			1,424
Intercompany eliminations		(195	)		(23	)		(554	)
Corporate		(56,566	)		(45,608	)		(33,813	)
Total	$	556,386		$	383,313		$	292,895
Total assets:
Recreational vehicles
Towables	$	1,535,029		$	1,425,168		$	907,175
Motorized		500,761			476,973			162,940
Total recreational vehicles		2,035,790			1,902,141			1,070,115
Other, net		156,996			156,822			161,075
Corporate		365,145			266,501			272,058
Total	$	2,557,931		$	2,325,464		$	1,503,248
Depreciation and amortization expense:
Recreational vehicles
Towables	$	75,568		$	36,054		$	26,296
Motorized		9,393			2,994			2,353
Total recreational vehicles		84,961			39,048			28,649
Other		11,967			12,352			1,678
Corporate		1,330			1,175			1,054
Total	$	98,258		$	52,575		$	31,381
Capital acquisitions:
Recreational vehicles
Towables	$	72,801		$	37,489		$	35,039
Motorized		41,677			11,191			4,309
Total recreational vehicles		114,478			48,680			39,348
Other		1,157			2,799			436
Corporate		2,120			2,495			3,271
Total	$	117,755		$	53,974		$	43,055

Export sales from the Company’s continuing operations, predominantly to Canada, were $628,176, $368,426 and $465,642 in fiscal 2017, 2016 and 2015, respectively, and accounted for 8.7%, 8.0% and 11.6% of the Company’s consolidated net sales for those respective years.