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INTANGIBLE ASSETS, GOODWILL AND LONG-LIVED ASSETS (Tables)
12 Months Ended
Jul. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Amortizable Intangible Assets

The components of amortizable intangible assets are as follows:

 

                July 31, 2017      July 31, 2016  
      Weighted-Average   
Remaining
Life in Years
at July 31, 2017
          Cost      Accumulated
Amortization
     Cost      Accumulated
Amortization
 

Dealer networks/customer relationships

  16           $          404,960          $         101,795      $          404,960          $          55,191  

Trademarks

  18         147,617        17,570        148,117        10,539  

Design technology and other intangibles

  8         19,300        9,203        22,400        10,870  

Non-compete agreements

  2         450        293        450        203  

Backlog

                        12,400        4,133  
       

 

 

    

 

 

    

 

 

    

 

 

 

Total amortizable intangible assets

            $         572,327          $         128,861      $         588,327          $         80,936  
       

 

 

    

 

 

    

 

 

    

 

 

 
Estimated Amortization Expense

Estimated amortization expense for future years is as follows:

 

For the fiscal year ending July 31, 2018

   $ 53,968  

For the fiscal year ending July 31, 2019

     50,136  

For the fiscal year ending July 31, 2020

     46,269  

For the fiscal year ending July 31, 2021

     42,935  

For the fiscal year ending July 31, 2022

     37,828  

For the fiscal year ending July 31, 2023 and thereafter

     212,330  
  

 

 

 
   $       443,466  
  

 

 

 
Changes in Carrying Amount of Goodwill by Reportable Segment

Changes in the carrying amount of goodwill by reportable segment as of July 31, 2017 and 2016 are summarized as follows:

 

     Towables     Motorized      Other      Total  

Net balance as of July 31, 2015

   $         269,751     $         –      $         42,871      $         312,622  

Fiscal year 2016 activity:

          

Goodwill acquired

     74,184                     74,184  

Impairment charges

     (9,113                   (9,113
  

 

 

   

 

 

    

 

 

    

 

 

 

Net balance as of July 31, 2016

   $ 334,822     $      $ 42,871      $ 377,693  
  

 

 

   

 

 

    

 

 

    

 

 

 

Fiscal year 2017 activity:

          

No activity

                          
  

 

 

   

 

 

    

 

 

    

 

 

 

Net balance as of July 31, 2017

   $ 334,822     $      $ 42,871      $ 377,693  
  

 

 

   

 

 

    

 

 

    

 

 

 

 

The components of the net balance as of July 31, 2017 are summarized as follows:

 

     Towables     Motorized     Other      Total  

Goodwill

   $     343,935     $         17,252     $         42,871      $         404,058  

Accumulated impairment charges

     (9,113     (17,252            (26,365
  

 

 

   

 

 

   

 

 

    

 

 

 

Net balance as of July 31, 2017

   $ 334,822     $     $ 42,871      $ 377,693