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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Income Statement [Abstract]        
Net sales $ 3,875,018 $ 2,727,788 $ 7,833,242 $ 5,265,148
Cost of products sold 3,199,744 2,312,911 6,502,544 4,471,419
Gross profit 675,274 414,877 1,330,698 793,729
Selling, general and administrative expenses 267,450 206,189 563,333 387,952
Amortization of intangible assets 43,349 29,203 76,563 56,630
Interest income 91 202 284 520
Interest expense 24,598 24,164 45,511 48,440
Other income, net 6,285 8,436 13,520 9,051
Income before income taxes 346,253 163,959 659,095 310,278
Income tax provision 80,618 32,769 148,657 63,449
Net income 265,635 131,190 510,438 246,829
Less: Net income (loss) attributable to non-controlling interests (933) (1,334) 1,628 548
Net income attributable to THOR Industries, Inc. $ 266,568 $ 132,524 $ 508,810 $ 246,281
Weighted-average common shares outstanding:        
Basic (in shares) 55,493,622 55,366,241 55,458,238 55,302,203
Diluted (in shares) 55,649,445 55,568,667 55,720,079 55,561,675
Earnings per common share:        
Basic (in dollars per share) $ 4.80 $ 2.39 $ 9.17 $ 4.45
Diluted (in dollars per share) $ 4.79 $ 2.38 $ 9.13 $ 4.43
Comprehensive income:        
Net income $ 265,635 $ 131,190 $ 510,438 $ 246,829
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustment (69,974) 60,133 (105,141) 41,140
Unrealized gain on derivatives, net of tax 2,129 2,351 4,484 5,683
Other (loss), net of tax (372) 0 (372) 0
Total other comprehensive income (loss), net of tax (68,217) 62,484 (101,029) 46,823
Total Comprehensive income 197,418 193,674 409,409 293,652
Less: Comprehensive income (loss) attributable to non-controlling interests (1,478) (1,307) 923 688
Comprehensive income attributable to THOR Industries, Inc. $ 198,896 $ 194,981 $ 408,486 $ 292,964