INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Jul. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Amortizable Intangible Assets

The components of amortizable intangible assets are as follows:

 

	July 31, 2022				July 31, 2021
	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Dealer networks/customer relationships	$	1,090,528	$	420,623	$	861,562	$	327,751
Trademarks	351,152		77,660		311,208		62,675
Design technology and other intangibles	253,918		80,465		215,956		62,237
Non-compete agreements	1,400		758		1,400		292
Total amortizable intangible assets	$	1,696,998	$	579,506	$	1,390,126	$	452,955

Estimated Amortization Expense

Estimated annual amortization expense is as follows:

For the fiscal year ending July 31, 2023	$	140,573
For the fiscal year ending July 31, 2024	128,369
For the fiscal year ending July 31, 2025	116,380
For the fiscal year ending July 31, 2026	104,946
For the fiscal year ending July 31, 2027	96,002
For the fiscal year ending July 31, 2028 and thereafter	531,222
	$	1,117,492

Changes in Carrying Amount of Goodwill by Reportable Segment

Changes in the carrying amount of goodwill by reportable segment as of July 31, 2022 and July 31, 2021 are summarized as follows:

 

	North American Towables		North  American Motorized		European		Other		Total
Net balance as of July 31, 2020	$	333,786	$	—	$	1,037,929	$	104,826	$	1,476,541
Fiscal year 2021 activity:
Goodwill acquired	18,845		43,491		—		17,882		80,218
Measurement period adjustments	(7,656)		10,384		—		—		2,728
Foreign currency translation and other	—		—		3,768		—		3,768
Net balance as of July 31, 2021	$	344,975	$	53,875	$	1,041,697	$	122,708	$	1,563,255
Fiscal year 2022 activity:
Goodwill acquired	—		—		—		389,838		389,838
Measurement period adjustments	—		—		—		(628)		(628)
Foreign currency translation and other	—		—		(148,314)		—		(148,314)
Net balance as of July 31, 2022	$	344,975	$	53,875	$	893,383	$	511,918	$	1,804,151

The components of the goodwill balances as of July 31, 2022 and July 31, 2021 are summarized as follows:

 

	North American Towables		North  American Motorized		European		Other		Total
Goodwill	$	355,124	$	71,127	$	893,383	$	511,918	$	1,831,552
Accumulated impairment charges	(10,149)		(17,252)		—		—		(27,401)
Net balance as of July 31, 2022	$	344,975	$	53,875	$	893,383	$	511,918	$	1,804,151

 

	North American Towables		North  American Motorized		European		Other		Total
Goodwill	$	355,124	$	71,127	$	1,041,697	$	122,708	$	1,590,656
Accumulated impairment charges	(10,149)		(17,252)		—		—		(27,401)
Net balance as of July 31, 2021	$	344,975	$	53,875	$	1,041,697	$	122,708	$	1,563,255