PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jul. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

6.   PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment is stated at cost, net of accumulated depreciation, and consists of the following:

	July 31,
	2017			2016
Land	$	48,812		$	46,422
Buildings and improvements		380,139			300,902
Machinery and equipment		161,724			133,112
Total cost		590,675			480,436
Less accumulated depreciation		(165,437	)		(136,169	)
Net property, plant and equipment	$	425,238		$	344,267

Property, plant and equipment at both July 31, 2017 and July 31, 2016 includes buildings and improvements acquired under capital leases of $6,527, and includes related amortization included in accumulated depreciation of $1,224 and $680, respectively.

The Company sold land and buildings and improvements related to a towable RV facility located in the western United States in the first quarter of fiscal 2017. The sale resulted in net cash proceeds of $4,254 and a gain on the sale of $2,165, which is included in Other income, net in the Consolidated Statements of Income and Comprehensive Income. RV production from this facility was previously consolidated into another Company complex in the same region.