Business Segments

3 Months Ended

Oct. 31, 2018

Segment Reporting [Abstract]

Business Segments

2. 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 Venture RV). 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 transfer prices generally consistent with the selling prices of extrusion components to third-party customers.

All manufacturing is currently 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, deferred income taxes, deferred compensation plan assets and certain Corporate real estate holdings primarily utilized by Thor operating subsidiaries.

	Three Months Ended October  31,
Net sales:	2018			2017
Recreational vehicles
Towables	$	1,279,098		$	1,618,501
Motorized		431,198			566,611
Total recreational vehicles		1,710,296			2,185,112
Other		73,848			82,919
Intercompany eliminations		(28,168	)		(36,363	)
Total	$	1,755,976		$	2,231,668
	Three Months Ended October 31,
Income (loss) before income taxes:	2018			2017
Recreational vehicles
Towables	$	74,550		$	158,851
Motorized		21,712			37,586
Total recreational vehicles		96,262			196,437
Other, net		5,910			8,483
Corporate		(70,655	)		(17,829	)
Total	$	31,517		$	187,091
Total assets:	October 31, 2018			July 31, 2018
Recreational vehicles
Towables	$	1,682,272		$	1,654,361
Motorized		506,706			492,830
Total recreational vehicles		2,188,978			2,147,191
Other, net		174,151			167,965
Corporate		437,299			463,509
Total	$	2,800,428		$	2,778,665

	Three Months Ended October  31,
Depreciation and intangible amortization expense:	2018		2017
Recreational vehicles
Towables	$	16,631	$	16,793
Motorized		3,436		2,728
Total recreational vehicles		20,067		19,521
Other		2,574		2,809
Corporate		417		368
Total	$	23,058	$	22,698
	Three Months Ended October 31,
Capital acquisitions:	2018		2017
Recreational vehicles
Towables	$	22,242	$	17,592
Motorized		7,419		12,315
Total recreational vehicles		29,661		29,907
Other		2,444		610
Corporate		36		1575
Total	$	32,141	$	32,092