Business Segments

3 Months Ended

Oct. 31, 2017

Segment Reporting [Abstract]

Business Segments

3. Business Segments

The Company has two reportable segments, both related to recreational vehicles: (1) towables and (2) motorized. The towable recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (towable), Heartland (including Bison, Cruiser RV 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 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 towable 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 within 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 net income tax assets.

	Three Months Ended October 31,
Net sales:	2017			2016
Recreational vehicles
Towables	$	1,618,501		$	1,210,873
Motorized		566,611			461,454
Total recreational vehicles		2,185,112			1,672,327
Other		82,919			58,996
Intercompany eliminations		(36,363	)		(22,792	)
Total	$	2,231,668		$	1,708,531
	Three Months Ended October 31,
Income (loss) before income taxes:	2017			2016
Recreational vehicles
Towables	$	158,851		$	94,173
Motorized		37,586			28,923
Total recreational vehicles		196,437			123,096
Other, net		8,483			6,378
Corporate		(17,829	)		(13,674	)
Total	$	187,091		$	115,800
Total assets:	October 31, 2017			July 31, 2017
Recreational vehicles
Towables	$	1,685,230		$	1,535,029
Motorized		570,486			500,761
Total recreational vehicles		2,255,716			2,035,790
Other, net		153,743			156,996
Corporate		300,507			365,145
Total	$	2,709,966		$	2,557,931
	Three Months Ended October 31,
Depreciation and intangible amortization expense:	2017			2016
Recreational vehicles
Towables	$	16,793		$	20,926
Motorized		2,728			2,343
Total recreational vehicles		19,521			23,269
Other		2,809			3,004
Corporate		368			322
Total	$	22,698		$	26,595
	Three Months Ended October 31,
Capital acquisitions:	2017			2016
Recreational vehicles
Towables	$	17,592		$	20,865
Motorized		12,315			5,156
Total recreational vehicles		29,907			26,021
Other		610			296
Corporate		1,575			176
Total	$	32,092		$	26,493