XML 81 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Net Sales by Product
The following tables presents the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers for the years ended December 31:
2019
(In thousands)U.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,264,404  $12,314  $1,276,718  
Motorhomes110,405  45,218  155,623  
Adjacent Industries OEMs587,521  72,039  659,560  
Total OEM Segment net sales1,962,330  129,571  2,091,901  
Aftermarket Segment:
Total Aftermarket Segment net sales263,382  16,199  279,581  
Total net sales$2,225,712  $145,770  $2,371,482  
2018
(In thousands)U.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,431,574  $9,156  $1,440,730  
Motorhomes143,488  43,809  187,297
Adjacent Industries OEMs574,100  40,489  614,589
Total OEM Segment net sales2,149,162  93,454  2,242,616  
Aftermarket Segment:
Total Aftermarket Segment net sales222,588  10,603  233,191  
Total net sales$2,371,750  $104,057  $2,475,807  

2017
(In thousands)U.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,403,079  $2,904  $1,405,983  
Motorhomes138,895  20,522  159,417
Adjacent Industries OEMs398,919  12,304  411,223
Total OEM Segment net sales1,940,893  35,730  1,976,623  
Aftermarket Segment:
Total Aftermarket Segment net sales160,637  10,510  171,147  
Total net sales$2,101,530  $46,240  $2,147,770  

(a) Net sales to customers in the United States of America
(b) Net sales to customers domiciled in countries outside of the United States of America
Schedule of Net Sales by Geographic Areas
The following tables presents the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers for the years ended December 31:
2019
(In thousands)U.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,264,404  $12,314  $1,276,718  
Motorhomes110,405  45,218  155,623  
Adjacent Industries OEMs587,521  72,039  659,560  
Total OEM Segment net sales1,962,330  129,571  2,091,901  
Aftermarket Segment:
Total Aftermarket Segment net sales263,382  16,199  279,581  
Total net sales$2,225,712  $145,770  $2,371,482  
2018
(In thousands)U.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,431,574  $9,156  $1,440,730  
Motorhomes143,488  43,809  187,297
Adjacent Industries OEMs574,100  40,489  614,589
Total OEM Segment net sales2,149,162  93,454  2,242,616  
Aftermarket Segment:
Total Aftermarket Segment net sales222,588  10,603  233,191  
Total net sales$2,371,750  $104,057  $2,475,807  

2017
(In thousands)U.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,403,079  $2,904  $1,405,983  
Motorhomes138,895  20,522  159,417
Adjacent Industries OEMs398,919  12,304  411,223
Total OEM Segment net sales1,940,893  35,730  1,976,623  
Aftermarket Segment:
Total Aftermarket Segment net sales160,637  10,510  171,147  
Total net sales$2,101,530  $46,240  $2,147,770  

(a) Net sales to customers in the United States of America
(b) Net sales to customers domiciled in countries outside of the United States of America
Schedule of Information Relating to Segments Information relating to segments follows for the years ended December 31:
SegmentsCorporate
(In thousands)OEMAftermarketSubtotaland OtherTotal
2019
Net sales to external customers (a)
$2,091,901  $279,581  $2,371,482  $—  $2,371,482  
Operating profit (b)
165,290  34,920  200,210  —  200,210  
Total assets (c)
1,167,899  595,688  1,763,587  99,008  1,862,595  
Expenditures for long-lived assets (d)
166,331  302,857  469,188  —  469,188  
Depreciation and amortization70,136  5,222  75,358  —  75,358  
SegmentsCorporate
(In thousands)OEMAftermarketSubtotaland OtherTotal
2018
Net sales to external customers (a)
$2,242,616  $233,191  $2,475,807  $—  $2,475,807  
Operating profit (b)
167,459  31,329  198,788  —  198,788  
Total assets (c)
1,034,254  129,776  1,164,030  79,863  1,243,893  
Expenditures for long-lived assets (d)
247,895  20,544  268,439  —  268,439  
Depreciation and amortization63,447  4,079  67,526  —  67,526  
2017
Net sales to external customers (a)
$1,976,623  $171,147  $2,147,770  $—  $2,147,770  
Operating profit (b)
190,276  24,005  214,281  —  214,281  
Total assets (c)
785,926  76,309  862,235  83,623  945,858  
Expenditures for long-lived assets (d)
148,570  4,875  153,445  —  153,445  
Depreciation and amortization50,751  3,662  54,413  314  54,727  
(a)  Thor Industries, Inc. (“Thor”), a customer of both segments, accounted for 27 percent, 31 percent, and 38 percent of the Company’s consolidated net sales for the years ended December 31, 2019, 2018, and 2017, respectively. Berkshire Hathaway Inc. (through its subsidiaries Forest River, Inc. and Clayton Homes, Inc.), a customer of both segments, accounted for 21 percent, 23 percent, and 25 percent of the Company’s consolidated net sales for the years ended December 31, 2019, 2018, and 2017, respectively. No other customer accounted for more than 10 percent of consolidated net sales in the years ended December 31, 2019, 2018, and 2017.
(b)  Certain general and administrative expenses are allocated between the segments based upon net sales or operating profit, depending upon the nature of the expense.
(c)  Segment assets include accounts receivable, inventories, fixed assets, goodwill and other intangible assets. Corporate and other assets include cash and cash equivalents, prepaid expenses and other current assets, deferred taxes, and other assets.
(d)  Expenditures for long-lived assets include capital expenditures, as well as fixed assets, goodwill and other intangible assets purchased as part of the acquisition of businesses. The Company purchased $395.6 million, $150.9 million, and $65.0 million of long-lived assets, as part of the acquisitions of businesses in the years ended December 31, 2019, 2018, and 2017, respectively.
Schedule of Net Sales by Segment Product
Net sales by OEM Segment product were as follows for the years ended December 31:
(In thousands)201920182017
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$796,434  $908,065  $914,397  
Windows and doors585,464  615,644  424,625  
Furniture and mattresses342,691  380,514  342,680  
Axles and suspension solutions129,471  122,897  123,513  
Other237,841  215,496  171,408  
Total OEM Segment net sales2,091,901  2,242,616  1,976,623  
Total Aftermarket Segment net sales279,581  233,191  171,147  
Total net sales$2,371,482  $2,475,807  $2,147,770