PRODUCT WARRANTY

12 Months Ended

Jul. 31, 2017

Guarantees and Product Warranties [Abstract]

PRODUCT WARRANTY

10. PRODUCT WARRANTY

The Company generally provides retail customers of its products with a one-year or two-year warranty covering defects in material or workmanship, with longer warranties on certain structural components. The Company records a liability based on its best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors used in estimating the warranty liability include a history of units sold, existing dealer inventory, average cost incurred and a profile of the distribution of warranty expenditures over the warranty period. Management believes that the warranty liabilities are adequate. However, actual claims incurred could differ from estimates, requiring adjustments to the reserves. Warranty liabilities are reviewed and adjusted as necessary on at least a quarterly basis.

	2017			2016			2015
Beginning balance	$	201,840		$	108,206		$	94,938
Provision		195,799			114,119			114,429
Payments		(180,858	)		(110,092	)		(106,266	)
Acquisitions		–			89,607			5,105
Ending balance	$	216,781		$	201,840		$	108,206