Business Segments

6 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

Business Segments

3. Business Segments

The Company has two reportable segments: (1) towable recreational vehicles and (2) motorized recreational vehicles. The towable recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (towable), Heartland (including Bison, CRV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen) and KZ (including Livin’ Lite). The motorized recreational vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach.

The operations of the Company’s Postle subsidiary are included in “Other,” which is a non-reportable segment. Net sales included in Other mainly relate to the sale of aluminum extrusions and specialized component products. Intercompany eliminations adjust for Postle sales to the Company’s towable and motorized segments, which are consummated at established arm’s-length transfer prices generally consistent with the selling prices of extrusion components to third-party customers.

All manufacturing is conducted within the United States. Total assets include those assets used in the operation of each reportable and non-reportable segment, and the Corporate assets consist primarily of cash and cash equivalents and deferred income tax assets.

	Three Months Ended January 31,						Six Months Ended January 31,
Net sales:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	1,082,249		$	698,318		$	2,293,122		$	1,442,997
Motorized		474,972			242,867			936,426			493,966
Total recreational vehicles		1,557,221			941,185			3,229,548			1,936,963
Other		53,891			48,011			112,887			98,393
Intercompany eliminations		(22,587	)		(14,125	)		(45,379	)		(29,934	)
Total	$	1,588,525		$	975,071		$	3,297,056		$	2,005,422
	Three Months Ended January 31,						Six Months Ended January 31,
Income (loss) from continuing operations before income taxes:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	78,000		$	53,069		$	172,173		$	116,293
Motorized		28,488			20,519			57,411			42,172
Total recreational vehicles		106,488			73,588			229,584			158,465
Other, net		5,696			3,010			12,074			5,666
Corporate		(13,819	)		(10,710	)		(27,493	)		(20,552	)
Total	$	98,365		$	65,888		$	214,165		$	143,579

Total assets:					January 31, 2017		July 31, 2016
Recreational vehicles:
Towables					$	1,514,312	$	1,425,168
Motorized						526,977		476,973
Total recreational vehicles						2,041,289		1,902,141
Other, net						151,852		156,822
Corporate						239,284		266,501
Total					$	2,432,425	$	2,325,464
	Three Months Ended January  31,				Six Months Ended January 31,
Depreciation and intangible amortization expense:	2017		2016		2017		2016
Recreational vehicles
Towables	$	18,238	$	7,398	$	39,164	$	14,854
Motorized		2,246		647		4,589		1,290
Total recreational vehicles		20,484		8,045		43,753		16,144
Other		3,012		3,073		6,016		6,129
Corporate		314		289		636		567
Total	$	23,810	$	11,407	$	50,405	$	22,840
	Three Months Ended January  31,				Six Months Ended January 31,
Capital acquisitions:	2017		2016		2017		2016
Recreational vehicles
Towables	$	15,453	$	5,482	$	36,318	$	18,288
Motorized		6,889		1,323		12,045		2,316
Total recreational vehicles		22,342		6,805		48,363		20,604
Other		314		1,406		610		2,179
Corporate		1,141		459		1,317		801
Total	$	23,797	$	8,670	$	50,290	$	23,584