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BUSINESS SEGMENTS
12 Months Ended
Jul. 31, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
The Company has three reportable segments, all related to recreational vehicles: (1) North American towables, (2) North American motorized and (3) European.

The North American towable recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (towable), Heartland (including Cruiser RV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen), KZ (including Venture RV) and Tiffin Group (namely, Vanleigh RV). The North American motorized recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach), Thor Motor Coach and Tiffin Group (primarily Tiffin Motorhomes, Inc.). The European recreational vehicles reportable segment consists solely of the EHG business. EHG manufactures a full line of towable and motorized recreational vehicles, including motorcaravans, caravans and campervans in eight primary RV production locations within Europe. EHG produces and sells numerous brands primarily within Europe, including Buccaneer, Buerstner, Carado, Compass, CrossCamp, Dethleffs, Elddis, Eriba, Etrusco, Hymer, Laika, LMC, Niesmann+Bischoff, Sunlight and Xplore. In addition, EHG’s operations include other RV-related products and services.

The operations of the Company’s Postle and Togo Group subsidiaries are included in “Other,” which is a non-reportable segment. Net sales included in Other relate primarily to the sale of aluminum extrusions and specialized component products. Intercompany eliminations adjust for Postle sales to the Company’s North American towable and North American motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of extrusion components to third-party customers.
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’s U.S.-based operating subsidiaries.
 
202120202019
NET SALES:
Recreational vehicles
North American Towables$6,221,928 $4,140,482 $4,558,451 
North American Motorized2,669,391 1,390,098 1,649,329 
Total North America8,891,319 5,530,580 6,207,780 
European3,200,079 2,485,391 1,486,978 
Total recreational vehicles12,091,398 8,015,971 7,694,758 
Other373,174 234,481 263,374 
Intercompany eliminations(147,192)(82,519)(93,374)
Total$12,317,380 $8,167,933 $7,864,758 
INCOME (LOSS) BEFORE INCOME TAXES:
Recreational vehicles
North American Towables$658,964 $336,207 $322,228 
North American Motorized202,057 71,943 80,910 
Total North America861,021 408,150 403,138 
European116,576 9,850 (5,946)
Total recreational vehicles977,597 418,000 397,192 
Other, net57,674 27,751 29,086 
Corporate(190,690)(172,855)(241,612)
Total$844,581 $272,896 $184,666 
 
20212020
TOTAL ASSETS:
Recreational vehicles
North American Towables$1,870,577 $1,529,913 
North American Motorized1,073,506 480,225 
Total North America2,944,083 2,010,138 
European2,975,821 3,102,071 
Total recreational vehicles5,919,904 5,112,209 
Other, net272,350 212,378 
Corporate461,834 446,873 
Total$6,654,088 $5,771,460 
202120202019
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:
Recreational vehicles
North American Towables$66,078 $66,042 $67,751 
North American Motorized23,153 14,202 13,831 
Total North America89,231 80,244 81,582 
European127,432 103,671 54,881 
Total recreational vehicles216,663 183,915 136,463 
Other, net12,220 10,488 10,647 
Corporate1,698 1,764 1,667 
Total$230,581 $196,167 $148,777 
CAPITAL ACQUISITIONS:
Recreational vehicles
North American Towables$35,816 $27,219 $69,321 
North American Motorized22,230 12,603 17,179 
Total North America58,046 39,822 86,500 
European66,930 62,165 35,653 
Total recreational vehicles124,976 101,987 122,153 
Other, net5,620 2,664 3,493 
Corporate1,085 1,172 1,599 
Total$131,681 $105,823 $127,245 
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:
United States$8,462,652 $5,296,482 $5,803,373 
Germany1,977,808 1,494,419 836,151 
Other Europe1,189,747 966,023 636,105 
Canada638,118 377,053 561,172 
Other foreign49,055 33,956 27,957 
Total$12,317,380 $8,167,933 $7,864,758 

20212020
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:
United States$626,375 $564,171 
Germany460,446 444,981 
Other Europe95,266 93,220 
Other3,044 5,277 
Total$1,185,131 $1,107,649