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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Income Statement [Abstract]        
Net sales $ 2,928,820 $ 4,657,517 $ 8,383,539 $ 12,490,759
Cost of products sold 2,496,183 3,850,072 7,181,491 10,352,616
Gross profit 432,637 807,445 1,202,048 2,138,143
Selling, general and administrative expenses 210,044 281,676 660,411 845,009
Amortization of intangible assets 35,113 40,725 105,531 117,288
Interest expense, net 26,362 22,289 74,802 67,516
Other income (expense), net (5,667) (348) 6,136 13,172
Income before income taxes 155,451 462,407 367,440 1,121,502
Income tax provision 35,722 116,389 84,482 265,046
Net income 119,729 346,018 282,958 856,456
Less: Net loss attributable to non-controlling interests (990) (2,033) (1,026) (405)
Net income attributable to THOR Industries, Inc. $ 120,719 $ 348,051 $ 283,984 $ 856,861
Weighted-average common shares outstanding:        
Basic (in shares) 53,425,379 54,906,356 53,534,746 55,278,320
Diluted (in shares) 53,820,400 55,068,783 53,854,542 55,507,023
Earnings per common share:        
Basic (in dollars per share) $ 2.26 $ 6.34 $ 5.30 $ 15.50
Diluted (in dollars per share) $ 2.24 $ 6.32 $ 5.27 $ 15.44
Comprehensive income:        
Net income $ 119,729 $ 346,018 $ 282,958 $ 856,456
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustment 21,592 (90,910) 106,640 (196,051)
Unrealized gain (loss) on derivatives, net of tax (452) 3,620 (309) 8,104
Other loss, net of tax 0 0 (39) (372)
Total other comprehensive income (loss), net of tax 21,140 (87,290) 106,292 (188,319)
Total Comprehensive income 140,869 258,728 389,250 668,137
Less: Comprehensive loss attributable to non-controlling interests (968) (2,417) (1,413) (1,494)
Comprehensive income attributable to THOR Industries, Inc. $ 141,837 $ 261,145 $ 390,663 $ 669,631