Business Segments

3 Months Ended

Oct. 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 operations of the Company's Postle, Togo Group (rebranded as Roadpass Digital in November 2021) and recently acquired Airxcel subsidiaries are included in Other. Net sales included in Other related primarily to the sale of component parts and aluminum extrusions. Intercompany eliminations adjust for Postle and Airxcel 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 products to third parties.

The following tables reflect certain financial information by reportable segment:

	Three Months Ended October 31,
NET SALES:	2021		2020
Recreational vehicles
North American Towables	$	2,240,834	$	1,392,044
North American Motorized	925,028		493,855
Total North America	3,165,862		1,885,899
European	632,997		602,488
Total recreational vehicles	3,798,859		2,488,387
Other	257,830		80,707
Intercompany eliminations	(98,465)		(31,734)
Total	$	3,958,224	$	2,537,360

	Three Months Ended October 31,
INCOME (LOSS) BEFORE INCOME TAXES:	2021		2020
Recreational vehicles
North American Towables	$	266,282	$	141,179
North American Motorized	88,898		41,567
Total North America	355,180		182,746
European	(17,976)		(5,506)
Total recreational vehicles	337,204		177,240
Other, net	23,529		11,490
Corporate	(47,891)		(42,411)
Total	$	312,842	$	146,319

TOTAL ASSETS:	October 31, 2021		July 31, 2021
Recreational vehicles
North American Towables	$	2,137,149	$	1,870,577
North American Motorized	1,244,251		1,073,506
Total North America	3,381,400		2,944,083
European	2,872,828		2,975,821
Total recreational vehicles	6,254,228		5,919,904
Other	1,223,899		272,350
Corporate	290,644		461,834
Total	$	7,768,771	$	6,654,088

DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE:	Three Months Ended October 31,
	2021		2020
Recreational vehicles
North American Towables	$	16,302	$	15,807
North American Motorized	7,022		3,770
Total North America	23,324		19,577
European	34,713		31,323
Total recreational vehicles	58,037		50,900
Other	6,480		2,911
Corporate	436		428
Total	$	64,953	$	54,239

	Three Months Ended October 31,
CAPITAL ACQUISITIONS:	2021		2020
Recreational vehicles
North American Towables	$	13,134	$	9,408
North American Motorized	8,629		1,745
Total North America	21,763		11,153
European	14,802		9,894
Total recreational vehicles	36,565		21,047
Other	4,417		1,444
Corporate	34		361
Total	$	41,016	$	22,852