Business Segments

6 Months Ended

Jan. 31, 2022

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, Roadpass Digital (formerly Togo Group rebranded as Roadpass Digital in November 2021) and 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 primarily to the Company’s North American Towables 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 January 31,				Six Months Ended January 31,
NET SALES:	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	1,985,088	$	1,373,181	$	4,225,922	$	2,765,225
North American Motorized	976,806		576,995		1,901,834		1,070,850
Total North America	2,961,894		1,950,176		6,127,756		3,836,075
European	723,730		733,463		1,356,727		1,335,951
Total recreational vehicles	3,685,624		2,683,639		7,484,483		5,172,026
Other	294,146		74,714		551,976		155,421
Intercompany eliminations	(104,752)		(30,565)		(203,217)		(62,299)
Total	$	3,875,018	$	2,727,788	$	7,833,242	$	5,265,148

	Three Months Ended January 31,				Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES:	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	275,895	$	147,880	$	542,177	$	289,059
North American Motorized	104,037		43,421		192,935		84,988
Total North America	379,932		191,301		735,112		374,047
European	9,665		10,216		(8,311)		4,710
Total recreational vehicles	389,597		201,517		726,801		378,757
Other, net	23,092		9,644		46,621		21,134
Corporate	(66,436)		(47,202)		(114,327)		(89,613)
Total	$	346,253	$	163,959	$	659,095	$	310,278

TOTAL ASSETS:	January 31, 2022		July 31, 2021
Recreational vehicles
North American Towables	$	2,172,879	$	1,870,577
North American Motorized	1,227,559		1,073,506
Total North America	3,400,438		2,944,083
European	2,670,572		2,975,821
Total recreational vehicles	6,071,010		5,919,904
Other	1,244,227		272,350
Corporate	349,908		461,834
Total	$	7,665,145	$	6,654,088

DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE:	Three Months Ended January 31,				Six Months Ended January 31,
	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	16,313	$	16,318	$	32,615	$	32,125
North American Motorized	7,107		5,334		14,129		9,104
Total North America	23,420		21,652		46,744		41,229
European	33,696		31,608		68,409		62,931
Total recreational vehicles	57,116		53,260		115,153		104,160
Other	18,357		3,039		24,837		5,950
Corporate	422		416		858		844
Total	$	75,895	$	56,715	$	140,848	$	110,954

	Three Months Ended January 31,				Six Months Ended January 31,
CAPITAL ACQUISITIONS:	2022		2021		2022		2021
Recreational vehicles
North American Towables	$	21,479	$	6,913	$	34,613	$	16,321
North American Motorized	6,691		3,730		15,320		5,475
Total North America	28,170		10,643		49,933		21,796
European	39,425		13,322		54,227		23,216
Total recreational vehicles	67,595		23,965		104,160		45,012
Other	7,763		1,216		12,180		2,660
Corporate	49		28		83		389
Total	$	75,407	$	25,209	$	116,423	$	48,061