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PRODUCT WARRANTY
12 Months Ended
Jul. 31, 2021
Guarantees and Product Warranties [Abstract]  
PRODUCT WARRANTY PRODUCT WARRANTY
The Company generally provides retail customers of its products with a 1 year or 2 year warranty covering defects in material or workmanship, with longer warranties on certain structural components. The Company records a liability based on its best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors used in estimating the warranty liability include a history of retail units sold, existing dealer inventory, average cost incurred and a profile of the distribution of warranty expenditures over the warranty period. Actual claims incurred could differ from estimates, requiring adjustments to the liabilities.
Changes in our product warranty liabilities during the indicated periods are as follows:
202120202019
Beginning balance$252,869 $289,679 $264,928 
Provision261,851 198,873 233,927 
Payments(258,624)(238,590)(251,071)
Acquisition11,032 — 43,329 
Foreign currency translation492 2,907 (1,434)
Ending balance$267,620 $252,869 $289,679