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Intangible Assets and Goodwill (Tables)
6 Months Ended
Jan. 31, 2015
Components of Amortizable Intangible Assets

The components of amortizable intangible assets are as follows:

 

     Weighted
Average Remaining
Life in Years at
January 31, 2015
   January 31, 2015      July 31, 2014  
      Cost      Accumulated
Amortization
     Cost      Accumulated
Amortization
 

Dealer networks

   9    $ 105,260       $ 32,137       $ 90,760       $ 27,102   

Trademarks

   20      49,282         6,438         43,882         5,479   

Design technology and other intangibles

   10      22,850         7,277         23,070         6,775   

Non-compete agreements

   2      4,710         3,773         4,710         3,283   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total amortizable intangible assets

      $ 182,102       $ 49,625       $ 162,422       $ 42,639   
     

 

 

    

 

 

    

 

 

    

 

 

Estimated Amortization Expense

Estimated annual amortization expense is as follows:

 

For the fiscal year ending July 31, 2015

   $ 15,238   

For the fiscal year ending July 31, 2016

     15,161   

For the fiscal year ending July 31, 2017

     15,123   

For the fiscal year ending July 31, 2018

     14,057   

For the fiscal year ending July 31, 2019

     12,687   

For the fiscal year ending July 31, 2020

     11,614   

For the fiscal year ending July 31, 2021 and thereafter

     56,253   
  

 

 

 
   $ 140,133   
  

 

 

Schedule of Change in Carrying Value in Goodwill
  

 

 

 

The change in the carrying value of goodwill from July 31, 2014 to January 31, 2015 is as follows:

 

Balance at July 31, 2014

   $ 256,579   

Acquisition of towables business

     12,601   
  

 

 

 

Balance at January 31, 2015

   $ 269,180