Intangible Assets and Goodwill

9 Months Ended

Apr. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The components of amortizable intangible assets are as follows:



	April 30, 2021				July 31, 2020
			Accumulated				Accumulated
	Cost		Amortization		Cost		Amortization
Dealer networks/customer relationships	$	867,483	$	309,523	$	766,198	$	252,320
Trademarks	313,309		59,037		275,775		47,743
Design technology and other intangibles	219,012		57,537		213,468		40,654
Backlog	4,800		3,471		—		—
Non-compete agreements	1,400		175		—		—
Total amortizable intangible assets	$	1,406,004	$	429,743	$	1,255,441	$	340,717

Estimated future amortization expense is as follows:


For the remainder of the fiscal year ending July 31, 2021	$	30,178
For the fiscal year ending July 31, 2022	125,339
For the fiscal year ending July 31, 2023	106,759
For the fiscal year ending July 31, 2024	96,863
For the fiscal year ending July 31, 2025	88,655
For the fiscal year ending July 31, 2026 and thereafter	528,467
	$	976,261

Changes in the carrying amount of goodwill by reportable segment for the nine months ended April 30, 2021 are summarized as follows:


	North American Towables		North American Motorized		European		Other		Total
Net balance as of August 1, 2020	$	333,786	$	—	$	1,037,929	$	104,826	$	1,476,541
Fiscal 2021 activity:
Goodwill acquired	18,845		43,491		—		17,882		80,218
Measurement period adjustments	(7,656)		8,225		—		—		569
Foreign currency translation	—		—		20,500		—		20,500

Net balance as of April 30, 2021	$	344,975	$	51,716	$	1,058,429	$	122,708	$	1,577,828

Changes in the carrying amount of goodwill by reportable segment for the nine months ended April 30, 2020 are summarized as follows:


	North American Towables		North American Motorized		European		Other		Total
Net balance as of August 1, 2019	$	334,822	$	—	$	980,339	$	42,871	$	1,358,032
Fiscal 2020 activity:
Goodwill acquired	—		—		—		62,366		62,366
Measurement period adjustments	—		—		1,282		—		1,282
Foreign currency translation	—		—		(24,243)		—		(24,243)
Impairment charge	(1,036)		—		—		—		(1,036)
Net balance as of April 30, 2020	$	333,786	$	—	$	957,378	$	105,237	$	1,396,401

During the fiscal quarter ended January 31, 2020, there was an interim impairment assessment performed related to two groups of tangible and intangible assets within the North American Towables reportable segment using Level 3 inputs as defined by ASC 820. The Company recognized an aggregate impairment charge of $10,057 related to these assets during the fiscal year-to-date period ended April 30, 2020, which included a goodwill impairment charge of $1,036.