Business Segments

6 Months Ended

Jan. 31, 2019

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 January  31,						Six Months Ended January 31,
Net sales:	2019			2018			2019			2018
Recreational vehicles
Towables	$	881,564		$	1,373,118		$	2,160,662		$	2,991,619
Motorized		371,495			559,909			802,693			1,126,520
Total recreational vehicles		1,253,059			1,933,027			2,963,355			4,118,139
Other		55,114			68,013			128,962			150,932
Intercompany eliminations		(17,597	)		(29,480	)		(45,765	)		(65,843	)
Total	$	1,290,576		$	1,971,560		$	3,046,552		$	4,203,228
	Three Months Ended January  31,						Six Months Ended January 31,
Income (loss) before income taxes:	2019			2018			2019			2018
Recreational vehicles
Towables	$	34,060		$	116,728		$	108,610		$	275,579
Motorized		17,205			37,538			38,917			75,124
Total recreational vehicles		51,265			154,266			147,527			350,703
Other, net		5,950			5,290			11,860			13,773
Corporate		(55,342	)		(18,491	)		(125,997	)		(36,320	)
Total	$	1,873		$	141,065		$	33,390		$	328,156
Total assets:	January 31, 2019			July 31, 2018
Recreational vehicles
Towables	$	1,541,673		$	1,654,361
Motorized		474,717			492,830
Total recreational vehicles		2,016,390			2,147,191
Other, net		163,964			167,965
Corporate		549,844			463,509
Total	$	2,730,198		$	2,778,665

	Three Months Ended January  31,				Six Months Ended January 31,
Depreciation and intangible amortization expense:	2019		2018		2019		2018
Recreational vehicles
Towables	$	16,971	$	17,223	$	33,602	$	34,016
Motorized		3,443		2,909		6,879		5,637
Total recreational vehicles		20,414		20,132		40,481		39,653
Other		2,693		2,748		5,267		5,557
Corporate		415		395		832		763
Total	$	23,522	$	23,275	$	46,580	$	45,973
	Three Months Ended January 31,				Six Months Ended January 31,
Capital acquisitions:	2019		2018		2019		2018
Recreational vehicles
Towables	$	14,255	$	18,821	$	36,497	$	36,413
Motorized		2,809		1,754		10,228		14,069
Total recreational vehicles		17,064		20,575		46,725		50,482
Other		287		1,983		2,731		2,593
Corporate		425		7,016		461		8,591
Total	$	17,776	$	29,574	$	49,917	$	61,666