Form 10-Q

0001193125-17-194610.txt : 20170605 0001193125-17-194610.hdr.sgml : 20170605 20170605161707 ACCESSION NUMBER: 0001193125-17-194610 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 71 CONFORMED PERIOD OF REPORT: 20170430 FILED AS OF DATE: 20170605 DATE AS OF CHANGE: 20170605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THOR INDUSTRIES INC CENTRAL INDEX KEY: 0000730263 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR HOMES [3716] IRS NUMBER: 930768752 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-09235 FILM NUMBER: 17891354 BUSINESS ADDRESS: STREET 1: 601 E. BEARDSLEY AVENUE CITY: ELKHART STATE: IN ZIP: 46514 BUSINESS PHONE: (574) 970-7460 MAIL ADDRESS: STREET 1: 601 E. BEARDSLEY AVENUE CITY: ELKHART STATE: IN ZIP: 46514 10-Q 1 d380672d10q.htm FORM 10-Q Form 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended April 30, 2017.

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to .

COMMISSION FILE NUMBER 1-9235

LOGO

THOR INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)


		Delaware				93-0768752
		(State or other jurisdiction of incorporation or organization)				(I.R.S. Employer Identification No.)

		601 E. Beardsley Ave., Elkhart, IN				46514-3305
		(Address of principal executive offices)				(Zip Code)


		(574) 970-7460
		(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☑	Accelerated filer	☐
Non-accelerated filer	☐ (Do not check if a smaller reporting company)	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☑

As of May 31, 2017, 52,586,041 shares of the registrant’s common stock, par value $0.10 per share, were outstanding.

PART I – FINANCIAL INFORMATION (Unless otherwise indicated, amounts in thousands except share and per share data.)

ITEM 1. FINANCIAL STATEMENTS

THOR INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)


	April 30, 2017			July 31, 2016
ASSETS
Current assets:
Cash and cash equivalents	$	189,411		$	209,902
Accounts receivable, trade, less allowance for doubtful accounts of $659 and $625, respectively		579,419			370,085
Accounts receivable, other, net		36,906			22,454
Inventories, net		459,668			403,869
Prepaid income taxes, expenses and other		5,961			10,548

Total current assets		1,271,365			1,016,858


Property, plant and equipment, net		394,818			344,267


Other assets:
Goodwill		377,693			377,693
Amortizable intangible assets, net		458,681			507,391
Deferred income taxes, net		62,678			53,417
Other		34,841			25,838

Total other assets		933,893			964,339

TOTAL ASSETS	$	2,600,076		$	2,325,464


LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	343,453		$	263,774
Accrued liabilities:
Compensation and related items		96,315			81,159
Product warranties		214,918			201,840
Income and other taxes		34,816			25,531
Promotions and rebates		46,897			40,452
Product, property and related liabilities		15,507			15,969
Other		26,541			22,927

Total current liabilities		778,447			651,652


Long-term debt		295,000			360,000
Unrecognized tax benefits		8,988			9,975
Other liabilities		45,683			38,615

Total long-term liabilities		349,671			408,590


Contingent liabilities and commitments

Stockholders’ equity:
Preferred stock – authorized 1,000,000 shares; none outstanding		—			—
Common stock – par value of $.10 per share; authorized 250,000,000 shares; issued 62,597,110 and 62,439,795 shares, respectively		6,260			6,244
Additional paid-in capital		233,055			224,496
Retained earnings		1,568,714			1,365,981
Less treasury shares of 10,011,069 and 9,957,180, respectively, at cost		(336,071	)		(331,499	)

Total stockholders’ equity		1,471,958			1,265,222

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,600,076		$	2,325,464

See Notes to the Condensed Consolidated Financial Statements.

THOR INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

FOR THE THREE AND NINE MONTHS ENDED APRIL 30, 2017 AND 2016 (UNAUDITED)


	Three Months Ended April 30,					Nine Months Ended April 30,
	2017		2016			2017		2016
Net sales	$	2,015,224	$	1,284,054		$	5,312,280	$	3,289,476
Cost of products sold		1,721,383		1,082,117			4,569,985		2,786,501

Gross profit		293,841		201,937			742,295		502,975
Selling, general and administrative expenses		111,122		80,833			310,401		216,653
Amortization of intangible assets		15,216		5,780			48,710		17,662
Impairment charges		—		—			—		9,113
Interest income		205		230			535		473
Interest expense		2,547		166			7,593		508
Other income, net		1,070		895			4,270		350

Income from continuing operations before income taxes		166,231		116,283			380,396		259,862
Income taxes		54,968		37,090			125,606		84,686

Net income from continuing operations		111,263		79,193			254,790		175,176
Loss from discontinued operations, net of income taxes		—		(611	)		—		(1,429	)

Net income and comprehensive income	$	111,263	$	78,582		$	254,790	$	173,747


Weighted-average common shares outstanding:
Basic		52,582,134		52,474,801			52,555,792		52,453,025
Diluted		52,773,106		52,601,673			52,739,716		52,569,294

Earnings per common share from continuing operations:
Basic	$	2.12	$	1.51		$	4.85	$	3.34
Diluted	$	2.11	$	1.51		$	4.83	$	3.33

Earnings per common share:
Basic	$	2.12	$	1.50		$	4.85	$	3.31
Diluted	$	2.11	$	1.49		$	4.83	$	3.31

Regular dividends declared and paid per common share	$	0.33	$	0.30		$	0.99	$	0.90

See Notes to the Condensed Consolidated Financial Statements.

THOR INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED APRIL 30, 2017 AND 2016 (UNAUDITED)


	Nine Months Ended April 30,
	2017		2016
Cash flows from operating activities:
Net income	$	254,790	$	173,747
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		25,588		17,451
Amortization of intangible assets		48,710		17,662
Amortization of debt issuance costs		1,177		—
Impairment charges		—		9,113
Deferred income tax benefit		(9,261)		(1,379)
(Gain) loss on disposition of property, plant and equipment		(2,246)		20
Stock-based compensation expense		9,058		6,991
Excess tax benefits from stock-based awards		—		(291)
Changes in assets and liabilities (excluding acquisitions):
Accounts receivable		(223,186)		(112,112)
Inventories		(55,799)		(29,137)
Prepaid income taxes, expenses and other		(4,612)		(2,010)
Accounts payable		85,651		35,084
Accrued liabilities		46,604		28,523
Other liabilities		6,360		1,246

Net cash provided by operating activities		182,834		144,908


Cash flows from investing activities:
Purchases of property, plant and equipment		(79,456)		(39,411)
Proceeds from dispositions of property, plant and equipment		4,630		236
Proceeds from notes receivable		—		8,367
Acquisitions		(5,039)		—
Other		(1,581)		(613)

Net cash used in investing activities		(81,446)		(31,421)


Cash flows from financing activities:
Principal payments on revolving credit facility		(65,000)		—
Regular cash dividends paid		(52,057)		(47,227)
Principal payments on capital lease obligations		(250)		(248)
Excess tax benefits from stock-based awards		—		291
Payments related to vesting of stock-based awards		(4,572)		(2,484)

Net cash used in financing activities		(121,879)		(49,668)


Net increase (decrease) in cash and cash equivalents		(20,491)		63,819
Cash and cash equivalents, beginning of period		209,902		183,478

Cash and cash equivalents, end of period	$	189,411	$	247,297


Supplemental cash flow information:
Income taxes paid	$	130,802	$	85,702
Interest paid	$	6,652	$	508

Non-cash transactions:
Capital expenditures in accounts payable	$	2,605	$	963

See Notes to the Condensed Consolidated Financial Statements.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(All dollar amounts presented in thousands except per share data)

1.	Nature of Operations and Accounting Policies

Nature of Operations

Thor Industries, Inc. was founded in 1980 and, through its subsidiaries (collectively, the “Company”), manufactures a wide range of recreational vehicles (“RVs”) in the United States at various manufacturing facilities located primarily in Indiana and Ohio, with additional facilities in Oregon and Idaho. These products are sold to independent, non-franchise dealers primarily throughout the United States and Canada. Unless the context requires or indicates otherwise, all references to “Thor”, the “Company”, “we”, “our” and “us” refer to Thor Industries, Inc. and its subsidiaries.

The July 31, 2016 amounts are derived from the annual audited financial statements. The interim financial statements are unaudited. In the opinion of management, all adjustments (which consist of normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented have been made. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2016. Due to seasonality within the recreational vehicle industry, annualizing the results of operations for the nine months ended April 30, 2017 would not necessarily be indicative of the results for a full fiscal year.

Accounting Pronouncements

In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge (referred to as Step 2 in the goodwill impairment test). Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment charge equal to that excess shall be recognized, not to exceed the amount of goodwill allocated to the reporting unit. The standard is effective for annual and any interim impairment tests for periods beginning after December 15, 2019, with early adoption permitted after January 1, 2017. The standard is effective for the Company in its fiscal year 2021 beginning on August 1, 2020. The Company is currently evaluating the impact of this standard on its consolidated financial statements, which will depend on the outcomes of future goodwill impairment tests.

In March 2016, the FASB issued Accounting Standards Update No. 2016-09 (“ASU 2016-09”) “Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for the related income taxes, forfeitures, statutory tax withholding requirements and classification in the statement of cash flows. ASU 2016-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods. Early adoption is permitted and the Company adopted the provisions of ASU 2016-09 as of August 1, 2016. Applicable provisions of the standard have been adopted prospectively as allowed under the standard. The provisions related to income taxes resulted in a tax benefit of $0 and $1,843 for the three and nine months ended April 30, 2017, respectively. The Company did not change its policy related to forfeitures, which is estimated based on historical forfeiture rates over the vesting period of employee awards. Provisions related to the statement of cash flows have been adopted prospectively and result in the recognition of the excess tax benefits from share-based awards being reflected in cash provided by operating activities.

In September 2015, the FASB issued Accounting Standards Update No. 2015-16 (“ASU 2015-16”) “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments,” to simplify the accounting for measurement-period adjustments in a business combination. Under the new standard, an acquirer must recognize adjustments to provisional amounts in a business combination in the reporting period in which the adjustment amounts are determined, rather than retrospectively adjusting the provisional amounts recognized at the acquisition date with a corresponding adjustment to goodwill as under current guidance. ASU 2015-16 is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2015. The Company adopted ASU 2015-16 on August 1, 2016 and there was no impact upon adoption of this standard.

In July 2015, the FASB issued Accounting Standards Update No. 2015-11 (“ASU 2015-11”) “Inventory (Topic 330): Simplifying the Measurement of Inventory.” ASU 2015-11 requires inventory measured using any method other than last-in, first-out (“LIFO”) or the retail inventory method to be subsequently measured at the lower of cost or net realizable value, rather than at the lower of cost or market. Under this ASU, subsequent measurement of inventory using the LIFO and retail inventory method is unchanged. ASU 2015-11 is effective prospectively for fiscal years, and for interim periods within those years, beginning after December 15, 2016. The standard is effective for the Company in its fiscal year 2018 beginning on August 1, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09 “Revenue from Contracts with Customers (Topic 606),” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This standard will supersede most current revenue recognition guidance. Under the new standard, entities are required to identify the contract with a customer, identify the separate performance obligations in the contract, determine the transaction price, allocate the transaction price to the separate performance obligations in the contract and recognize the appropriate amount of revenue when (or as) the entity satisfies each performance obligation. The standard is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2017. The standard is effective for the Company in its fiscal year 2019 beginning on August 1, 2018. Entities have the option of using either retrospective transition or a modified approach in applying the new standard. The Company is currently evaluating the approach it will use to apply the new standard and the impact that the adoption of the new standard will have on the Company’s consolidated financial statements.

2.	Acquisition

Jayco, Corp.

On June 30, 2016, the Company closed on a Stock Purchase Agreement (“Jayco SPA”) for the acquisition of all the issued and outstanding capital stock of towable and motorized recreational vehicle manufacturer Jayco, Corp. (“Jayco”) for initial cash consideration of $576,060, subject to adjustment. This acquisition was funded from the Company’s cash on hand and $360,000 from an asset-based revolving credit facility as more fully described in Note 11 to the Condensed Consolidated Financial Statements. The final purchase price adjustment of $5,039, included in accounts payable as of July 31, 2016, was based on the final determination of net assets as of the June 30, 2016 closing date and was paid during the first quarter of fiscal 2017. Jayco operates as an independent operation in the same manner as the Company’s other recreational vehicle subsidiaries, and its towables operations are aggregated within the Company’s towable recreational vehicle reportable segment and its motorized operations are aggregated within the Company’s motorized recreational vehicle reportable segment. The Company purchased Jayco to complement its existing towable and motorized RV product offerings and dealer base.

The following table summarizes the preliminary fair values assigned to the Jayco net assets acquired, which are based on internal and independent external valuations, and subject to the finalization of certain current liabilities:


Cash	$	18,409
Other current assets		258,158
Property, plant and equipment		80,824
Dealer network		261,100
Trademarks		92,800
Backlog		12,400
Goodwill		74,184
Current liabilities		(216,776	)

Total fair value of net assets acquired		581,099
Less cash acquired		(18,409	)

Total cash consideration for acquisition, less cash acquired	$	562,690

On the acquisition date, amortizable intangible assets had a weighted-average useful life of 19.3 years. The dealer network was valued based on the Discounted Cash Flow Method and is amortized on an accelerated basis over 20 years. The trademarks were valued on the Relief from Royalty Method and are amortized on a straight-line basis over 20 years. Backlog was valued based on the Discounted Cash Flow Method and was amortized on a straight-line basis over 3 months. Goodwill is deductible for tax purposes.

The following unaudited pro forma information represents Thor’s results of operations for the periods presented as if the fiscal 2016 acquisition of Jayco had occurred at the beginning of fiscal 2015. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of Thor.


	Three Months Ended April 30, 2016		Nine Months Ended April 30, 2016
Net sales	$	1,756,991	$	4,553,747
Net income	$	89,847	$	195,337
Basic earnings per common share	$	1.71	$	3.72
Diluted earnings per common share	$	1.71	$	3.72

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 April 30,						Nine Months Ended April 30,
Net sales:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	1,426,192		$	934,574		$	3,719,314		$	2,377,571
Motorized		549,883			307,630			1,486,309			801,596

Total recreational vehicles		1,976,075			1,242,204			5,205,623			3,179,167
Other		70,019			61,572			182,906			159,965
Intercompany eliminations		(30,870	)		(19,722	)		(76,249	)		(49,656	)

Total	$	2,015,224		$	1,284,054		$	5,312,280		$	3,289,476


	Three Months Ended April 30,						Nine Months Ended April 30,
Income (loss) from continuing operations before income taxes:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	134,504		$	96,893		$	306,677		$	213,186
Motorized		37,356			24,115			94,767			66,287

Total recreational vehicles		171,860			121,008			401,444			279,473
Other, net		8,713			6,441			20,787			12,107
Corporate		(14,342	)		(11,166	)		(41,835	)		(31,718	)

Total	$	166,231		$	116,283		$	380,396		$	259,862


Total assets:							April 30, 2017			July 31, 2016
Recreational vehicles
Towables							$	1,589,720		$	1,425,168
Motorized								559,725			476,973

Total recreational vehicles								2,149,445			1,902,141
Other, net								154,965			156,822
Corporate								295,666			266,501

Total							$	2,600,076		$	2,325,464


	Three Months Ended April 30,				Nine Months Ended April 30,
Depreciation and intangible amortization expense:	2017		2016		2017		2016
Recreational vehicles
Towables	$	18,213	$	8,212	$	57,377	$	23,066
Motorized		2,316		670		6,905		1,960

Total recreational vehicles		20,529		8,882		64,282		25,026
Other		3,021		3,105		9,037		9,234
Corporate		343		286		979		853

Total	$	23,893	$	12,273	$	74,298	$	35,113


	Three Months Ended April 30,				Nine Months Ended April 30,
Capital acquisitions:	2017		2016		2017		2016
Recreational vehicles
Towables	$	15,559	$	9,480	$	51,877	$	27,768
Motorized		12,134		4,569		24,179		6,885

Total recreational vehicles		27,693		14,049		76,056		34,653
Other		163		340		773		2,519
Corporate		377		861		1,694		1,662

Total	$	28,233	$	15,250	$	78,523	$	38,834

4.	Earnings Per Common Share

The following table reflects the weighted-average common shares used to compute the basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income:


	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Weighted-average common shares outstanding for basic earnings per common share		52,582,134		52,474,801		52,555,792		52,453,025
Unvested restricted stock and restricted stock units		190,972		126,872		183,924		116,269

Weighted-average common shares outstanding for diluted earnings per common share		52,773,106		52,601,673		52,739,716		52,569,294

At April 30, 2017 and 2016, the Company had 57,253 and 43,782, respectively, of unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.

5.	Fair Value Measurements

The Company assesses the inputs used to measure the fair value of certain assets and liabilities using a three-level hierarchy as prescribed in ASC 820, “Fair Value Measurements and Disclosures”, as discussed in Note 10 in the Notes to the Consolidated Financial Statements in our fiscal 2016 Form 10-K.

The financial assets that were accounted for at fair value on a recurring basis at April 30, 2017 and July 31, 2016, all using Level 1 inputs, are as follows:


	April 30, 2017		July 31, 2016
Cash equivalents	$	138,904	$	143,282
Deferred compensation plan assets	$	24,970	$	15,529

Cash equivalents represent investments in government and other money market funds traded in an active market, and are reported as a component of Cash and Cash Equivalents in the Condensed Consolidated Balance Sheets.

Deferred compensation plan assets represent investments in securities (primarily mutual funds) traded in an active market held for the benefit of certain employees of the Company as part of a deferred compensation plan. Deferred compensation plan asset balances are recorded as components of Other long-term assets in the Condensed Consolidated Balance Sheets. An equal and offsetting liability is also recorded in regards to the deferred compensation plan as a component of Other long-term liabilities in the Condensed Consolidated Balance Sheets. Changes in the fair value of the plan assets and the related liability are reflected in Other income (expense), net and Selling, general and administrative expenses, respectively, in the Condensed Consolidated Statements of Income and Comprehensive Income.

6.	Inventories

Major classifications of inventories are as follows:


	April 30, 2017			July 31, 2016
Finished goods – RV	$	27,394		$	39,943
Finished goods – other		24,901			20,141
Work in process		128,493			97,872
Raw materials		209,501			173,362
Chassis		101,389			102,686

Total		491,678			434,004
Excess of FIFO costs over LIFO costs		(32,010	)		(30,135	)

Total inventories, net	$	459,668		$	403,869

Of the $491,678 and $434,004 of inventories at April 30, 2017 and July 31, 2016, $290,923 and $219,050, respectively, was valued on the last-in, first-out (LIFO) basis, and $200,755 and $214,954, respectively, was valued on the first-in, first-out (FIFO) method.

7.	Property, Plant and Equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation, and consists of the following:


	April 30, 2017			July 31, 2016
Land	$	48,553		$	46,422
Buildings and improvements		349,335			300,902
Machinery and equipment		155,152			133,112

Total cost		553,040			480,436
Less accumulated depreciation		(158,222	)		(136,169	)

Property, plant and equipment, net	$	394,818		$	344,267

Property, plant and equipment at both April 30, 2017 and July 31, 2016 includes buildings and improvements under capital leases of $6,527 and related amortization included in accumulated depreciation of $1,088 and $680 at April 30, 2017 and July 31, 2016, respectively.

8.	Intangible Assets and Goodwill

The components of amortizable intangible assets, net, are as follows:


	Weighted-Average
	Remaining		April 30, 2017				July 31, 2016
	Life in Years at		Cost		Accumulated		Cost		Accumulated
	April 30, 2017		Cost		Amortization		Cost		Amortization
Dealer networks/customer relationships		16	$	404,960	$	88,844	$	404,960	$	55,191
Trademarks		19		148,117		16,187		148,117		10,539
Design technology and other intangibles		8		19,300		8,845		22,400		10,870
Non-compete agreements		2		450		270		450		203
Backlog		—		—		—		12,400		4,133

Total amortizable intangible assets			$	572,827	$	114,146	$	588,327	$	80,936

Estimated annual amortization expense is as follows:


For the fiscal year ending July 31, 2017	$	63,925
For the fiscal year ending July 31, 2018		54,463
For the fiscal year ending July 31, 2019		50,367
For the fiscal year ending July 31, 2020		46,480
For the fiscal year ending July 31, 2021		43,131
For the fiscal year ending July 31, 2022 and thereafter		249,025

	$	507,391

Of the recorded goodwill of $377,693 at both April 30, 2017 and July 31, 2016, $334,822 resides in the towable recreational vehicle segment and $42,871 resides in the other non-reportable segment.

As of the second quarter of fiscal 2016, the Company determined that sufficient evidence existed to warrant an interim goodwill impairment analysis for one of its reporting units. As a result of this analysis, the Company recorded a pre-tax, non-cash goodwill impairment charge of $9,113 related to this reporting unit within the towables reportable segment. For the purpose of this goodwill test, the fair value of the reporting unit was determined by employing a discounted cash flow model, which utilized Level 3 inputs as defined by ASC 820. The $9,113 charge represented the full impairment of the goodwill related to this reporting unit.

The Company completed its annual goodwill impairment test as of April 30, 2017 and no impairment of goodwill was identified.

9.	Concentration of Risk

One dealer, FreedomRoads, LLC, accounted for 18% and 20% of the Company’s continuing consolidated net sales for the nine-month periods ended April 30, 2017 and April 30, 2016, respectively. This dealer also accounted for 23% of the Company’s consolidated trade accounts receivable at April 30, 2017 and 18% at July 31, 2016. The loss of this dealer could have a significant effect on the Company’s business.

10.

Product Warranties

The Company generally provides retail customers of its products with a one-year or two-year warranty covering defects in material or workmanship, with longer warranties on certain structural components. The Company records a liability based on its best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors used in estimating the warranty liability include a history of units sold, existing dealer inventory, average cost incurred and a profile of the distribution of warranty expenditures over the warranty period. Management believes that the warranty reserves are adequate, however, actual claims incurred could differ from estimates, requiring adjustments to the reserves. Warranty reserves are reviewed and adjusted as necessary on at least a quarterly basis.

Changes in our product warranty reserves are as follows:


	Three Months Ended April 30,						Nine Months Ended April 30,
	2017			2016			2017			2016
Beginning balance	$	209,173		$	106,260		$	201,840		$	108,206
Provision		50,358			33,853			146,454			85,369
Payments		(44,613	)		(27,492	)		(133,376	)		(80,954	)

Ending balance	$	214,918		$	112,621		$	214,918		$	112,621

11.

Long-Term Debt

The Company has a five-year credit agreement, which was entered into on June 30, 2016 and matures on June 30, 2021. See Note 12 in the Notes to the Consolidated Financial Statements in our fiscal 2016 Form 10-K for details regarding the credit agreement. Borrowings outstanding on this facility totaled $295,000 at April 30, 2017 and $360,000 at July 31, 2016. As of April 30, 2017, the available and unused credit line under the revolver was $202,825, and the Company was in compliance with the financial covenant in the credit agreement.

For the three months ended April 30, 2017, the total LIBOR and base rate interest expense on the facility was $1,879 and the weighted-average interest rate on borrowings from the facility was 2.38%. For the nine months ended April 30, 2017, the total LIBOR and base rate interest expense on the facility was $5,583 and the weighted-average interest rate on borrowings from the facility was 2.25%. The Company incurred fees to secure the facility of $7,850 in fiscal 2016, and those fees are being amortized ratably over the five-year term of the agreement, or a shorter period if the credit agreement period is shortened for any reason. The Company recorded charges related to the amortization of these fees, which are included in interest expense, of $392 and $1,177 for the three and nine months ended April 30, 2017, respectively, and the unamortized balance of these facility fees was $6,542 at April 30, 2017 and is included in Other long-term assets in the Condensed Consolidated Balance Sheet.

The carrying value of the Company’s long-term debt at April 30, 2017 approximates fair value as the entire balance is subject to variable market interest rates that the Company believes are market rates for a similarly situated Company. The fair value of debt is largely estimated using level 2 inputs as defined by ASC 820.

12.

Provision for Income Taxes

The overall effective income tax rate for the three months ended April 30, 2017 was 33.1% compared with 31.9% for the three months ended April 30, 2016. The primary reason for the increase in the effective income tax rate is due to the larger amount of uncertain tax benefit settlements and expirations that occurred in the three months ended April 30, 2016 compared to the three months ended April 30, 2017.

The overall effective income tax rate for the nine months ended April 30, 2017 was 33.0% compared with 32.6% for the nine months ended April 30, 2016. The effective income tax rate for the fiscal 2017 nine-month period includes a benefit of $1,843 related to the adoption of ASU 2016-09 as discussed in Note 1 to the Condensed Consolidated Financial Statements. The effective income tax rate for the fiscal 2016 nine-month period was favorably impacted by the retroactive reinstatement of the federal research and development credit and other credits that were enacted on December 18, 2015. The effective income tax rates for the fiscal 2017 and fiscal 2016 periods were both favorably impacted by various uncertain tax benefit settlements and expirations.

The Company anticipates a decrease of approximately $5,036 in unrecognized tax benefits, and $734 in accrued interest related to unrecognized tax benefits recorded as of April 30, 2017, within the next 12 months from expected settlements or payments of uncertain tax positions and lapses of the applicable statutes of limitations. Actual results may differ from these estimates.

Generally, fiscal years 2015 and 2016 remain open for federal income tax purposes and fiscal years 2013, 2014, 2015 and 2016 remain open for state and Canadian income tax purposes. The Company and its subsidiaries file a consolidated U.S. federal income tax return and multiple state income tax returns. During the three months ended April 30, 2017 the Company finalized its IRS audit for fiscal year 2014. There were no tax assessments related to the completion of the IRS audit. The Company is also under exam by various state authorities for fiscal years ended July 31, 2013 through 2015. The Company believes it has adequately reserved for its exposure to additional payments for uncertain tax positions related to its Federal and State income tax returns in its liability for unrecognized tax benefits.

13.

Contingent Liabilities, Commitments and Legal Matters

The Company’s total commercial commitments under standby repurchase obligations on dealer inventory financing, as discussed in Note 14 in the Notes to the Consolidated Financial Statements in our fiscal 2016 Form 10-K, were $2,443,451 and $1,898,307 as of April 30, 2017 and July 31, 2016, respectively. The commitment term is generally up to eighteen months.

The Company accounts for the guarantee under repurchase agreements of dealers’ financing by deferring a portion of the related product sale that represents the estimated fair value of the guarantee at inception. The estimated fair value takes into account an estimate of the losses that may be incurred upon resale of any repurchases. This estimate is based on recent historical experience supplemented by the Company’s assessment of current economic and other conditions affecting its dealers. This deferred amount is included in the repurchase and guarantee reserve balances of $7,175 and $6,068 as of April 30, 2017 and July 31, 2016, respectively, which are included in Other current liabilities on the Condensed Consolidated Balance Sheets.

The following table reflects losses incurred related to repurchase agreements that were settled in the periods noted. The Company believes that any future losses under these agreements will not have a significant effect on the Company’s consolidated financial position, results of operations or cash flows:


	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Cost of units repurchased	$	977	$	1,961	$	3,835	$	2,969
Realization of units resold		930		1,524		3,592		2,400

Losses due to repurchase	$	47	$	437	$	243	$	569

The Company is also involved in certain litigation arising out of its operations in the normal course of its business, most of which is based upon state “lemon laws”, warranty claims and vehicle accidents (for which the Company carries insurance above a specified self-insured retention or deductible amount). The outcomes of legal proceedings and claims brought against the Company are subject to significant uncertainty. There is significant judgment required in assessing both the probability of an adverse outcome and the determination as to whether an exposure can be reasonably estimated. In management’s opinion, the ultimate disposition of any current legal proceedings or claims against the Company will not have a material effect on the Company’s financial condition, operating results or cash flows. Litigation is, however, inherently uncertain and an adverse outcome from such litigation could have a material effect on the operating results of a particular reporting period.

14.

Stockholders’ Equity

During fiscal 2013, the Compensation and Development Committee of the Board (the “Committee”) approved a program to award restricted stock units (the “RSU program”) to certain employees at the operating subsidiary and corporate levels. In December 2016, the stockholders of the Company approved a new equity compensation plan that allows the RSU program to continue in subsequent years on similar terms, but includes a double-trigger change in control provision. The double-trigger provision, which is applicable to awards granted in fiscal 2017 and subsequent years, stipulates that immediate vesting of an outstanding grant would occur only upon the occurrence of both a change in control, as defined by the plan, and a corresponding change in employment status.

Under the RSU program, the Committee has approved awards each October related to the financial performance of the most recently completed fiscal year since 2012. The awarded employee restricted stock units vest, and shares of common stock are issued, in equal installments on the first, second and third anniversaries of the date of grant. In addition, concurrent with the timing of the employee awards, the Nominating and Governance Committee of the Board has awarded restricted stock units to Board members that will vest, and shares of common stock will be issued, on the first anniversary of the date of the grant.

Total expense recognized in the three-month periods ended April 30, 2017 and April 30, 2016 for these restricted stock unit awards and other stock-based compensation was $3,166 and $2,312, respectively. Total expense recognized in the nine-month periods ended April 30, 2017 and April 30, 2016 for these restricted stock unit awards and other stock-based compensation was $9,058 and $6,991, respectively.

For the restricted stock units that vested during the nine-month periods ended April 30, 2017 and April 30, 2016, a portion of the vested shares awarded were withheld as treasury shares to cover the recipients’ estimated withholding taxes. Tax payments made by the Company related to these stock-based awards for the nine months ended April 30, 2017 and April 30, 2016 totaled $4,572 and $2,484, respectively.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Unless otherwise indicated, all dollar amounts are presented in thousands except per share data.

Forward Looking Statements

This report includes certain statements that are “forward looking” statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements are made based on management’s current expectations and beliefs regarding future and anticipated developments and their effects upon Thor, and inherently involve uncertainties and risks. These forward looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ from our expectations. Factors which could cause materially different results include, among others, raw material and commodity price fluctuations, raw material or chassis supply restrictions, the level of warranty claims incurred, legislative, regulatory and tax policy developments, the impact of rising interest rates on our operating results, the costs of compliance with increased governmental regulation, legal and compliance issues including those that may arise in conjunction with recent transactions, the potential impact of increased tax burdens on our dealers and retail consumers, lower consumer confidence and the level of discretionary consumer spending, interest rate fluctuations and the potential impact of rising interest rates on the general economy, restrictive lending practices, management changes, the success of new product introductions, the pace of obtaining and producing at new production facilities, the pace of acquisitions, the potential loss of existing customers of acquisitions, the integration of new acquisitions, our ability to retain key management personnel of acquired companies, the loss or reduction of sales to key dealers, the availability of delivery personnel, asset impairment charges, cost structure changes, competition, the impact of potential losses under repurchase agreements, the potential impact of the strengthening U.S. dollar on international demand, general economic, market and political conditions and the other risks and uncertainties discussed more fully in ITEM 1A of our Annual Report on Form 10-K for the year ended July 31, 2016.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this report or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Executive Overview

We were founded in 1980 and have grown to be one of the largest manufacturers of RVs in North America. According to Statistical Surveys, Inc. (“Stat Surveys”), for the calendar quarter ended March 31, 2017, Thor’s combined U.S. and Canadian market share, including Jayco, was approximately 49.8% for travel trailers and fifth wheels and approximately 41.8% for motorhomes.

Our business model includes decentralized operating units, and we compensate operating management with a combination of cash and restricted stock units, based primarily upon the profitability of the business unit which they manage. Our corporate staff provides financial management, insurance, legal, human resource, risk management and internal audit functions to our operating units. Senior corporate management interacts regularly with operating management to assure that corporate objectives are understood and are monitored appropriately.

Our RV products are sold to independent, non-franchise dealers who, in turn, retail those products. We generally do not finance dealers directly, but do provide industry-customary repurchase agreements to certain of the dealers’ floor plan lenders.

Our growth has been achieved both organically and by acquisition. Our strategy is designed to increase our profitability by driving innovation, servicing our customers, manufacturing quality products, improving the efficiencies of our facilities and making acquisitions.

We have historically relied on internally generated cash flows from operations to finance substantially all of our growth, however, we obtained an asset-based revolving credit facility to partially fund the fiscal 2016 acquisition of Jayco as discussed in Notes 2 and 11 to the Condensed Consolidated Financial Statements. Capital expenditures of $79,456 for the nine months ended April 30, 2017 were made primarily for land and production building additions and improvements, as well as for replacing machinery and equipment used in the ordinary course of business.

Recent Events

Industry Outlook

The Company monitors the industry conditions in the RV market through the use of monthly wholesale shipment data as reported by the Recreation Vehicle Industry Association (“RVIA”), which is typically issued on a one-month lag and represents manufacturers’ RV production and delivery to dealers. In addition, we also monitor monthly retail sales trends as reported by Stat Surveys, whose data is typically issued on a month-and-a-half lag. The Company believes that monthly RV retail sales data is important as consumer purchases impact future dealer orders and ultimately our production.

RV dealer inventory of Thor products as of April 30, 2017 increased 54.8% to approximately 127,100 units from approximately 82,100 units as of April 30, 2016. The acquisition of Jayco accounted for 37,800 of the 45,000 unit increase and 46.0% of the 54.8% percentage increase with an organic increase of 8.8% in correlation with current retail demand. We believe our dealer inventory levels are appropriate for seasonal consumer demand.

Thor’s RV backlog as of April 30, 2017 increased $1,303,313, or 123.3%, to $2,360,124 from $1,056,811 as of April 30, 2016, with Jayco’s backlog accounting for $569,102 and 53.9% of these increases, respectively.

Industry Wholesale Statistics

Key wholesale statistics for the RV industry, as reported by RVIA for the periods indicated, are as follows:


	U.S. and Canada Wholesale Unit Shipments
	Calendar Quarter Ended March 31,						%
	2017		2016		Increase		Change
Towable Units		104,519		94,154		10,365		11.0
Motorized Units		16,347		14,041		2,306		16.4

Total		120,866		108,195		12,671		11.7

RVIA releases calendar year unit shipment forecasts periodically throughout the calendar year, updating their prior forecast by factoring actual year-to-date wholesale and retail unit shipments and current economic indicators into their new forecast. We expect the next RVIA forecast will be published in June 2017 and will take into consideration current wholesale and retail shipment data.

Industry Retail Statistics

We believe that retail demand is the key to continued growth in the RV industry, and that annual RV industry wholesale shipments will generally be in line with annual retail sales going forward.

Key retail statistics for the RV industry, as reported by Stat Surveys for the periods indicated, are as follows:


	U.S. and Canada Retail Unit Registrations
	Calendar Quarter Ended March 31,						%
	2017		2016		Increase		Change
Towable Units		71,966		64,953		7,013		10.8
Motorized Units		11,463		10,174		1,289		12.7

Total		83,429		75,127		8,302		11.1

Note: Data reported by Stat Surveys is based on official state records. This information is subject to adjustment and is continuously updated.

Company Wholesale Statistics

The Company’s wholesale RV shipments, for the calendar quarters ended March 31, 2017 and 2016 to correspond to the industry periods denoted above, were as follows (includes Jayco results only from the June 30, 2016 date of acquisition forward):


	U.S. and Canada Wholesale Unit Shipments
	Calendar Quarter Ended March 31,						%
	2017		2016		Increase		Change
Towable Units		54,733		33,150		21,583		65.1
Motorized Units		7,189		3,878		3,311		85.4

Total		61,922		37,028		24,894		67.2

Company Retail Statistics

Retail statistics of the Company’s RV products, as reported by Stat Surveys, for the calendar quarters ended March 31, 2017 and 2016 to correspond to the industry periods denoted above (and adjusted to include Jayco’s results only from the June 30, 2016 date of acquisition forward), were as follows:


	U.S. and Canada Retail Unit Registrations
	Calendar Quarter Ended March 31,						%
	2017		2016		Increase		Change
Towable Units		35,078		22,197		12,881		58.0
Motorized Units		4,793		2,810		1,983		70.6

Total		39,871		25,007		14,864		59.4

Our outlook for future growth in retail sales is dependent upon various economic conditions faced by consumers such as the rate of unemployment, the level of consumer confidence, the growth in disposable income of consumers, changes in interest rates, credit availability, the pace of recovery in the housing market and changes in tax rates and fuel prices. With continued stability or improvement in consumer confidence, availability of retail and wholesale credit, low interest rates and the absence of negative economic factors, we would expect to see continued growth in the RV industry.

A positive future outlook for the RV segment is supported by favorable demographics, as more people reach the age brackets that historically have accounted for the bulk of retail RV sales. The number of consumers between the ages of 55 and 74 will total 79 million by 2025, 15% higher than in 2015 according to the RVIA. In addition, in recent years the industry has benefited from growing retail sales to younger consumers with new product offerings targeted to younger, more active families, as they place a higher value on family outdoor recreation than any prior generation. Based on a study from the Pew Research Center, the “Millennial” generation, defined as those currently between the ages of 18 and 34, consisted of more than 75 million people in 2015. In general, these consumers are more technologically savvy, but still value active outdoor experiences shared with family and friends, making them strong potential customers for our industry in the decades to come. Based on reports published by Kampgrounds of America (KOA), campers in this age group have grown from 18% of total campers to 23% of total campers between 2012 and 2015. Younger RV consumers are generally attracted to lower and moderately priced travel trailers, as affordability is a key driver at this stage in their lives.

As the first generation of the internet age, Millennials are generally more comfortable gathering information online, and are therefore generally more knowledgeable about products and competitive pricing than any prior generation. This generation is camping more as they view camping as an opportunity to spend time with family and friends as well as a way to reduce stress, escape the pressures of everyday life, be more active and lead a healthier lifestyle. In addition to younger age demographics, there are opportunities to expand sales to a more ethnically diverse customer base. In our efforts to connect with RV consumers of all generations, during the first quarter of fiscal 2017 we launched a new consumer-facing website designed to inspire consumers to explore the RV lifestyle. The new website includes video and interactive features to help consumers determine the type of RV which may suit their specific camping needs, while providing video footage that can be utilized by dealers to market our products. We will continue to evaluate additional marketing opportunities to younger and more diverse consumers over the coming year.

Economic or industry-wide factors affecting our RV business include the costs of commodities and labor used in the manufacture of our products. Material and labor costs are the primary factors determining our cost of products sold, and any future increases in raw material or labor costs would impact our profit margins negatively if we were unable to raise the selling prices for our products by corresponding amounts. Historically, we have been able to pass along those cost increases to customers.

The recreational vehicle industry has, from time to time, experienced shortages of chassis for various reasons, including component shortages, production delays and work stoppages at the chassis manufacturers. These shortages have had a negative impact on our sales and earnings in the past. Recently, we have not experienced any significant unusual cost increases or supply constraints from our chassis suppliers.

Three Months Ended April 30, 2017 Compared to the Three Months Ended April 30, 2016


	Three Months Ended April 30, 2017					Three Months Ended April 30, 2016					Change Amount			% Change
NET SALES:
Recreational vehicles
Towables	$	1,426,192				$	934,574				$	491,618			52.6
Motorized		549,883					307,630					242,253			78.7

Total recreational vehicles		1,976,075					1,242,204					733,871			59.1
Other		70,019					61,572					8,447			13.7
Intercompany eliminations		(30,870	)				(19,722	)				(11,148	)		(56.5	)

Total	$	2,015,224				$	1,284,054				$	731,170			56.9


# OF UNITS:
Recreational vehicles
Towables		58,481					36,013					22,468			62.4
Motorized		6,927					3,935					2,992			76.0

Total		65,408					39,948					25,460			63.7


GROSS PROFIT:				% of Segment Net Sales					% of Segment Net Sales		Change Amount			% Change
Recreational vehicles
Towables	$	219,686			15.4	$	152,534			16.3	$	67,152			44.0
Motorized		61,081			11.1		38,751			12.6		22,330			57.6

Total recreational vehicles		280,767			14.2		191,285			15.4		89,482			46.8
Other, net		13,074			18.7		10,652			17.3		2,422			22.7

Total	$	293,841			14.6	$	201,937			15.7	$	91,904			45.5


SELLING, GENERAL AND ADMINISTRATIVE EXPENSES:
Recreational vehicles
Towables	$	72,415			5.1	$	51,737			5.5	$	20,678			40.0
Motorized		22,796			4.1		14,635			4.8		8,161			55.8

Total recreational vehicles		95,211			4.8		66,372			5.3		28,839			43.5
Other		2,497			3.6		2,394			3.9		103			4.3
Corporate		13,414			—		12,067			—		1,347			11.2

Total	$	111,122			5.5	$	80,833			6.3	$	30,289			37.5


INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES:
Recreational vehicles
Towables	$	134,504			9.4	$	96,893			10.4	$	37,611			38.8
Motorized		37,356			6.8		24,115			7.8		13,241			54.9

Total recreational vehicles		171,860			8.7		121,008			9.7		50,852			42.0
Other, net		8,713			12.4		6,441			10.5		2,272			35.3
Corporate		(14,342	)		—		(11,166	)		—		(3,176	)		(28.4	)

Total	$	166,231			8.2	$	116,283			9.1	$	49,948			43.0


ORDER BACKLOG:	As of April 30, 2017		As of April 30, 2016		Change Amount		% Change
Recreational vehicles
Towables	$	1,564,609	$	727,539	$	837,070		115.1
Motorized		795,515		329,272		466,243		141.6

Total	$	2,360,124	$	1,056,811	$	1,303,313		123.3

CONSOLIDATED

Consolidated net sales for the three months ended April 30, 2017 increased $731,170 or 56.9%, compared to the three months ended April 30, 2016. The addition of Jayco accounted for $516,537 of the $731,170 increase and 40.2% of the 56.9% increase in consolidated net sales. Consolidated gross profit for the three months ended April 30, 2017 increased $91,904, or 45.5%, compared to the three months ended April 30, 2016, with Jayco accounting for $66,058 of the $91,904 increase and 32.7% of the 45.5% increase. Consolidated gross profit was 14.6% of consolidated net sales for the three months ended April 30, 2017 and 15.7% for the three months ended April 30, 2016. The decrease in gross profit percentage is primarily due to the dilutive impacts of Jayco’s gross profit percentage of 12.8% and the market-driven changes in product mix toward generally smaller and lower-priced units, which typically have lower gross margins.

Selling, general and administrative expenses for the three months ended April 30, 2017 increased $30,289 or 37.5% compared to the three months ended April 30, 2016. Amortization of intangible assets expense for the three months ended April 30, 2017 increased $9,436 compared to the three months ended April 30, 2016, primarily due to Jayco’s total amortization expense of $10,007. Income from continuing operations before income taxes for the three months ended April 30, 2017 was $166,231, as compared to $116,283 for the three months ended April 30, 2016, an increase of $49,948 or 43.0%.

Additional information concerning the changes in net sales, gross profit, selling, general and administrative expenses and income before income taxes are addressed in the segment reporting that follows.

Corporate costs included in selling, general and administrative expenses increased $1,347 to $13,414 for the three months ended April 30, 2017 compared to $12,067 for the three months ended April 30, 2016. The increase is primarily due to an increase in compensation costs, as incentive compensation increased $895 in correlation with the increase in income from continuing operations before income taxes compared to the prior year, and stock-based compensation increased $854. The stock-based compensation increase is due to increasing income from continuing operations before income taxes over the past three years, as most stock awards vest ratably over a three-year period. Deferred compensation expense also increased $377, which relates to the equal and offsetting increase in other income noted below due to the market value change in the related deferred compensation plan assets. In addition, costs related to sales and marketing initiatives increased $755. These increases were partially offset by a decrease of $580 in costs related to the actuarially determined workers’ compensation and product liability reserves recorded at Corporate. Legal and professional fees also decreased by $868, primarily due to initial professional fees related to the Jayco acquisition in the prior-year period.

Corporate interest and other income and expense was $928 of net expense for the three months ended April 30, 2017 compared to $901 of net income for the three months ended April 30, 2016. This increase in net expense of $1,829 is primarily due to interest expense and fees of $2,389 incurred in the current-year period related to the revolving credit facility, as there were no such charges in the prior-year period, partially offset by the market value of the Company’s deferred compensation plan assets appreciating $1,043 in the current-year period as compared to appreciating $666 in the prior-year period, an increase in income of $377.

Segment Reporting

TOWABLE RECREATIONAL VEHICLES

Analysis of the change in net sales for the three months ended April 30, 2017 compared to the three months ended April 30, 2016:


	Three Months Ended April 30, 2017		% of Segment Net Sales		Three Months Ended April 30, 2016		% of Segment Net Sales		Change Amount		% Change
NET SALES:
Towables
Travel Trailers and Other	$	859,572		60.3	$	520,242		55.7	$	339,330		65.2
Fifth Wheels		566,620		39.7		414,332		44.3		152,288		36.8

Total Towables	$	1,426,192		100.0	$	934,574		100.0	$	491,618		52.6


	Three Months Ended April 30, 2017		% of Segment Shipments		Three Months Ended April 30, 2016		% of Segment Shipments		Change Amount		% Change
# OF UNITS:
Towables
Travel Trailers and Other		45,439		77.7		26,504		73.6		18,935		71.4
Fifth Wheels		13,042		22.3		9,509		26.4		3,533		37.2

Total Towables		58,481		100.0		36,013		100.0		22,468		62.4


Impact of Change in Mix and Price on Net Sales:	% Decrease
Towables
Travel Trailers and Other		(6.2	)
Fifth Wheels		(0.4	)
Total Towables		(9.8	)

The increase in total towables net sales of 52.6% compared to the prior-year quarter resulted from a 62.4% increase in unit shipments partially offset by a 9.8% decrease in the impact of the change in the overall net price per unit. The addition of Jayco accounted for 38.8% of the 52.6% increase in total towable net sales and for $362,871 of the $491,618 increase. Jayco also accounted for 46.8% of the 62.4% increase in total towable unit shipments and for 16,850 of the 22,468 unit increase. The 9.8% decrease in the overall towables net price per unit is greater than the percentage decreases within the travel trailer and fifth wheel product lines due to a higher concentration of more moderately priced travel trailers and other units, as compared to fifth wheels, in the current-year quarter as compared to the prior-year quarter. The overall industry increase in combined travel trailer and fifth wheel wholesale unit shipments for the three months ended April 30, 2017 was 11.6% compared to the same period last year according to statistics published by RVIA.

The decreases in the overall net price per unit within the travel trailer and other product lines of 6.2% and the fifth wheel product lines of 0.4% were both primarily due to a change in product mix attributable to the acquisition of Jayco and market-driven changes in product mix toward generally smaller and lower-priced units.

Cost of products sold increased $424,466 to $1,206,506 or 84.6% of towables net sales, for the three months ended April 30, 2017 compared to $782,040 or 83.7% of towables net sales, for the three months ended April 30, 2016. The change in material, labor, freight-out and warranty comprised $394,302 of the $424,466 increase in cost of products sold. Material, labor, freight-out and warranty as a combined percentage of towables net sales increased to 78.9% for the three months ended April 30, 2017 compared to 78.3% for the three months ended April 30, 2016. This increase in percentage was primarily the result of an increase in the freight-out percentage to sales, which is attributable to the acquisition of Jayco. Material and labor cost percentages were also up slightly, primarily due to changes in product mix and the current competitive RV labor market, respectively. Total manufacturing overhead increased $30,164 with the increase in sales, and increased as a percentage of towables net sales from 5.4% to 5.7%, primarily due to an increased percentage in self-insured health insurance costs.

Towables gross profit increased $67,152 to $219,686, or 15.4% of towables net sales, for the three months ended April 30, 2017 compared to $152,534, or 16.3% of towables net sales, for the three months ended April 30, 2016. The increase in gross profit is primarily due to the 62.4% increase in unit sales volume noted above, while the decrease in gross profit percentage is primarily due to the increase in the cost of products sold percentage noted above.

Selling, general and administrative expenses were $72,415, or 5.1% of towables net sales, for the three months ended April 30, 2017 compared to $51,737, or 5.5% of towables net sales, for the three months ended April 30, 2016. The primary reason for the $20,678 increase was increased towables net sales and towables income before income taxes, which caused related commissions, bonuses and other compensation to increase by $14,586. These costs, however, decreased as a percentage of towables net sales by 0.4% compared to the prior-year period, partially attributable to the impact of the Jayco acquisition. Sales-related travel, advertising and promotional costs also increased $2,811 in correlation with the sales increase, and legal, professional and related settlement costs increased $1,815.

Towables income before income taxes was $134,504 or 9.4% of towables net sales, for the three months ended April 30, 2017 compared to $96,893, or 10.4% of towables net sales, for the three months ended April 30, 2016. The primary reason for the decrease in percentage was the impact of the increase in the cost of products sold percentage as noted above. In addition, amortization costs as a percentage of towables net sales increased 0.5% due to the addition of $9,075 in amortization costs as a result of the Jayco acquisition. These increases in cost percentages were partially offset by the decrease in the selling, general and administrative expense percentage to sales noted above.

MOTORIZED RECREATIONAL VEHICLES

Analysis of the change in net sales for the three months ended April 30, 2017 compared to the three months ended April 30, 2016:


	Three Months Ended April 30, 2017		% of Segment Net Sales		Three Months Ended April 30, 2016		% of Segment Net Sales		Change Amount		% Change
NET SALES:
Motorized
Class A	$	242,770		44.1	$	157,589		51.2	$	85,181		54.1
Class C		282,703		51.4		129,420		42.1		153,283		118.4
Class B		24,410		4.5		20,621		6.7		3,789		18.4

Total Motorized	$	549,883		100.0	$	307,630		100.0	$	242,253		78.7


	Three Months Ended April 30, 2017		% of Segment Shipments		Three Months Ended April 30, 2016		% of Segment Shipments		Change Amount		% Change
# OF UNITS:
Motorized
Class A		2,151		31.1		1,613		41.0		538		33.4
Class C		4,584		66.2		2,154		54.7		2,430		112.8
Class B		192		2.7		168		4.3		24		14.3

Total Motorized		6,927		100.0		3,935		100.0		2,992		76.0


Impact of Change in Mix and Price on Net Sales:	% Increase
Motorized
Class A		20.7
Class C		5.6
Class B		4.1
Total Motorized		2.7

The increase in total motorized net sales of 78.7% compared to the prior-year quarter resulted from a 76.0% increase in unit shipments and a 2.7% increase in the impact of the change in the overall net price per unit. The addition of Jayco accounted for 50.0% of the 78.7% increase in total motorized net sales and for $153,666 of the $242,253 increase. Jayco also accounted for 37.3% of the 76.0% increase in total motorized unit shipments and for 1,466 of the 2,992 unit increase. The modest 2.7% increase in the overall motorized net price per unit, in spite of larger percentage increases within the Class A and Class C product lines, is primarily due to a much higher concentration of the more moderately priced Class C units, as compared to Class A units, in the current-year quarter as compared to the prior-year quarter. The overall industry increase in wholesale unit shipments of motorhomes for the three months ended April 30, 2017 was 11.8% compared to the same period last year according to statistics published by RVIA.

The increase in the overall net price per unit within the Class A product line of 20.7% was primarily due to a higher concentration of sales of larger and generally more expensive diesel units compared to the more moderately priced gas units in the current-year quarter compared to the prior-year quarter. This increase was primarily due to the change in product mix attributable to the acquisition of Jayco’s high-end Class A diesel products. The increase in the overall net price per unit within the Class C product line of 5.6% is primarily due to a higher concentration of sales of the generally more expensive high-end Class C diesel units in the current period compared to a year ago, also due to the change in product mix attributable to the acquisition of Jayco. The increase in the overall net price per unit within the Class B product line of 4.1% is primarily due to changes in product mix.

Cost of products sold increased $219,923 to $488,802, or 88.9% of motorized net sales, for the three months ended April 30, 2017 compared to $268,879 or 87.4% of motorized net sales, for the three months ended April 30, 2016. The change in material, labor, freight-out and warranty comprised $209,743 of the $219,923 increase due to increased sales volume. Material, labor, freight-out and warranty as a combined percentage of motorized net sales increased to 84.7% for the three months ended April 30, 2017 as compared to 83.2% for the prior year period. This increase in percentage was primarily due to increases in the material cost percentage to sales due to changes in product mix, which is primarily attributable to the acquisition of Jayco, and an increase in labor costs associated with increasing employment levels and the current competitive RV labor market. Total manufacturing overhead increased $10,180 with the volume increase, but remained the same as a percentage of motorized net sales at 4.2% for both periods.

Motorized gross profit increased $22,330 to $61,081, or 11.1% of motorized net sales, for the three months ended April 30, 2017 compared to $38,751, or 12.6% of motorized net sales, for the three months ended April 30, 2016. The $22,330 increase in gross profit was due primarily to the 76.0% increase in unit sales volume noted above, and the decrease as a percentage of motorized net sales is due to the increase in the cost of products sold percentage noted above.

Selling, general and administrative expenses were $22,796, or 4.1% of motorized net sales, for the three months ended April 30, 2017 compared to $14,635, or 4.8% of motorized net sales, for the three months ended April 30, 2016. The primary reason for the $8,161 increase was increased motorized net sales and motorized income before income taxes, which caused related commissions, bonuses and other compensation to increase by $6,163. These costs, however, decreased as a percentage of motorized net sales by 0.6% compared to the prior-year period, partially attributable to the impact of the Jayco acquisition. Sales related travel, advertising and promotional costs also increased $1,188 in correlation with the sales increase.

Motorized income before income taxes was $37,356, or 6.8% of motorized net sales, for the three months ended April 30, 2017 compared to $24,115, or 7.8% of motorized net sales, for the three months ended April 30, 2016. The primary reasons for this decrease in percentage were the impact of the increase in the cost of products sold percentage noted above and an increase in amortization costs as a percentage of motorized net sales of 0.2% due to the addition of $932 in amortization costs as a result of the Jayco acquisition, partially offset by the decrease in the selling, general and administrative expense percentage to sales as noted above.

Nine Months Ended April 30, 2017 Compared to the Nine Months Ended April 30, 2016


	Nine Months Ended April 30, 2017					Nine Months Ended April 30, 2016					Change Amount			% Change
NET SALES:
Recreational vehicles
Towables	$	3,719,314				$	2,377,571				$	1,341,743			56.4
Motorized		1,486,309					801,596					684,713			85.4

Total recreational vehicles		5,205,623					3,179,167					2,026,456			63.7
Other		182,906					159,965					22,941			14.3
Intercompany eliminations		(76,249	)				(49,656	)				(26,593	)		(53.6	)

Total	$	5,312,280				$	3,289,476				$	2,022,804			61.5


# OF UNITS:
Recreational vehicles
Towables		155,409					91,490					63,919			69.9
Motorized		18,177					10,018					8,159			81.4

Total		173,586					101,508					72,078			71.0


GROSS PROFIT:				% of Segment Net Sales					% of Segment Net Sales		Change Amount			% Change
Recreational vehicles
Towables	$	546,431			14.7	$	371,914			15.6	$	174,517			46.9
Motorized		162,806			11.0		107,463			13.4		55,343			51.5

Total recreational vehicles		709,237			13.6		479,377			15.1		229,860			47.9
Other, net		33,058			18.1		23,598			14.8		9,460			40.1

Total	$	742,295			14.0	$	502,975			15.3	$	239,320			47.6


SELLING, GENERAL AND ADMINISTRATIVE EXPENSES:
Recreational vehicles
Towables	$	201,158			5.4	$	137,435			5.8	$	63,723			46.4
Motorized		64,978			4.4		41,168			5.1		23,810			57.8

Total recreational vehicles		266,136			5.1		178,603			5.6		87,533			49.0
Other		7,089			3.9		6,022			3.8		1,067			17.7
Corporate		37,176			—		32,028			—		5,148			16.1

Total	$	310,401			5.8	$	216,653			6.6	$	93,748			43.3


INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES:
Recreational vehicles
Towables	$	306,677			8.2	$	213,186			9.0	$	93,491			43.9
Motorized		94,767			6.4		66,287			8.3		28,480			43.0

Total recreational vehicles		401,444			7.7		279,473			8.8		121,971			43.6
Other, net		20,787			11.4		12,107			7.6		8,680			71.7
Corporate		(41,835	)		—		(31,718	)		—		(10,117	)		(31.9	)

Total	$	380,396			7.2	$	259,862			7.9	$	120,534			46.4

CONSOLIDATED

Consolidated net sales for the nine months ended April 30, 2017 increased $2,022,804 or 61.5%, compared to the nine months ended April 30, 2016. The addition of Jayco accounted for $1,414,956 of the $2,022,804 increase and 43.0% of the 61.5% increase in consolidated net sales. Consolidated gross profit for the nine months ended April 30, 2017 increased $239,320, or 47.6%, compared to the nine months ended April 30, 2016, with Jayco accounting for $148,837 of the $239,320 increase and 29.6% of the 47.6% increase. Consolidated gross profit was 14.0% of consolidated net sales for the nine months ended April 30, 2017 and 15.3% for the nine months ended April 30, 2016. The decrease in gross profit percentage is primarily due to the dilutive impacts of Jayco’s gross profit percentage of 10.5% and the market-driven changes in product mix toward generally smaller and lower-priced units, which typically have lower gross margins.

Selling, general and administrative expenses for the nine months ended April 30, 2017 increased $93,748 or 43.3% compared to the nine months ended April 30, 2016. Amortization of intangible assets expense for the nine months ended April 30, 2017 increased $31,048 compared to the nine months ended April 30, 2016, primarily due to Jayco’s total amortization expense of $32,899. Income from continuing operations before income taxes for the nine months ended April 30, 2017 was $380,396, as compared to $259,862 for the nine months ended April 30, 2016, an increase of $120,534 or 46.4%.

Corporate costs included in selling, general and administrative expenses increased $5,148 to $37,176 for the nine months ended April 30, 2017 compared to $32,028 for the nine months ended April 30, 2016. The increase is primarily due to an increase in compensation costs, as incentive compensation increased $2,568 in correlation with the increase in income from continuing operations before income taxes compared to the prior year, and stock-based compensation increased $2,067. The stock-based compensation increase is due to increasing income from continuing operations before income taxes over the past three years, as most stock awards vest ratably over a three-year period. Deferred compensation expense also increased $1,952, which relates to the equal and offsetting increase in other income noted below due to the market value change in the related deferred compensation plan assets. Costs related to sales and marketing initiatives also increased $1,049. In addition, costs related to our vehicle repurchase commitments increased $600, primarily due to increased dealer inventory levels. These increases were partially offset by a decrease of $2,796 in legal and professional fees, primarily due to non-recurring fees incurred in the prior-year period related to the development of long-term strategic growth initiatives as well as initial professional fees related to the acquisition of Jayco. There was also a decrease of $1,075 in costs related to the actuarially determined workers’ compensation and product liability reserves recorded at Corporate.

Corporate interest and other income and expense was $4,659 of net expense for the nine months ended April 30, 2017 compared to $310 of net income for the nine months ended April 30, 2016. This increase in net expense of $4,969 is primarily due to interest expense and fees of $7,112 incurred in the current-year period related to the revolving credit facility, as there were no such charges in the prior-year period, partially offset by the market value of the Company’s deferred compensation plan assets appreciating $1,828 in the current-year period as compared to depreciating $124 in the prior-year period, an increase in income of $1,952.

The overall effective income tax rate for the nine months ended April 30, 2017 was 33.0% compared with 32.6% for the nine months ended April 30, 2016. The effective income tax rate for the fiscal 2017 nine month period includes a benefit of $1,843 related to the adoption of ASU 2016-09 as discussed in Note 1 to the Condensed Consolidated Financial Statements. The effective income tax rate for the fiscal 2016 nine month period was favorably impacted by the retroactive reinstatement of the federal research and development credit and other credits that were enacted on December 18, 2015. The effective income tax rates for the fiscal 2017 and fiscal 2016 periods were both favorably impacted by various uncertain tax benefit settlements and expirations.

Segment Reporting

TOWABLE RECREATIONAL VEHICLES

Analysis of the change in net sales for the nine months ended April 30, 2017 compared to the nine months ended April 30, 2016:


	Nine Months Ended April 30, 2017		% of Segment Net Sales		Nine Months Ended April 30, 2016		% of Segment Net Sales		Change Amount		% Change
NET SALES:
Towables
Travel Trailers and Other	$	2,236,445		60.1	$	1,315,750		55.3	$	920,695		70.0
Fifth Wheels		1,482,869		39.9		1,061,821		44.7		421,048		39.7

Total Towables	$	3,719,314		100.0	$	2,377,571		100.0	$	1,341,743		56.4


	Nine Months Ended April 30, 2017		% of Segment Shipments		Nine Months Ended April 30, 2016		% of Segment Shipments		Change Amount		% Change
# OF UNITS:
Towables
Travel Trailers and Other		120,813		77.7		67,157		73.4		53,656		79.9
Fifth Wheels		34,596		22.3		24,333		26.6		10,263		42.2

Total Towables		155,409		100.0		91,490		100.0		63,919		69.9


Impact of Change in Mix and Price on Net Sales:	% Decrease
Towables
Travel Trailers and Other		(9.9	)
Fifth Wheels		(2.5	)
Total Towables		(13.5	)

The increase in total towables net sales of 56.4% compared to the prior-year period resulted from a 69.9% increase in unit shipments partially offset by a 13.5% decrease in the impact of the change in the overall net price per unit. The addition of Jayco accounted for 41.3% of the 56.4% increase in total towable net sales and for $981,273 of the $1,341,743 increase. Jayco also accounted for 51.1% of the 69.9% increase in total towable unit shipments and for 46,774 of the 63,919 unit increase. The 13.5% decrease in the overall towables net price per unit is greater than the percentage decreases within the travel trailer and fifth wheel product lines due to a higher concentration of more moderately priced travel trailers and other units, as compared to fifth wheels, in the current-year period as compared to the prior-year period. The overall industry increase in combined travel trailer and fifth wheel wholesale unit shipments for the nine months ended April 30, 2017 was 16.8% compared to the same period last year according to statistics published by RVIA.

The decreases in the overall net price per unit within the travel trailer and other product lines of 9.9% and the fifth wheel product lines of 2.5% were both primarily due to a change in product mix attributable to the acquisition of Jayco and market-driven changes in product mix toward generally smaller and lower-priced units.

Cost of products sold increased $1,167,226 to $3,172,883, or 85.3% of towables net sales, for the nine months ended April 30, 2017 compared to $2,005,657, or 84.4% of towables net sales, for the nine months ended April 30, 2016. The change in material, labor, freight-out and warranty comprised $1,086,645 of the $1,167,226 increase in cost of products sold. Material, labor, freight-out and warranty as a combined percentage of towables net sales increased to 79.4% for the nine months ended April 30, 2017 compared to 78.5% for the nine months ended April 30, 2016. This increase in percentage was primarily the result of increases in both the material and freight-out percentages to sales, which are primarily attributable to the acquisition of Jayco. Total manufacturing overhead increased $80,581 with the increase in sales, but remained the same as a percentage of towables net sales at 5.9% for both periods.

Towables gross profit increased $174,517 to $546,431, or 14.7% of towables net sales, for the nine months ended April 30, 2017 compared to $371,914, or 15.6% of towables net sales, for the nine months ended April 30, 2016. The increase in gross profit is primarily due to the 69.9% increase in unit sales volume noted above, while the decrease in gross profit percentage is primarily due to the increase in the cost of products sold percentage noted above.

Selling, general and administrative expenses were $201,158, or 5.4% of towables net sales, for the nine months ended April 30, 2017 compared to $137,435, or 5.8% of towables net sales, for the nine months ended April 30, 2016. The primary reason for the $63,723 increase was increased towables net sales and towables income before income taxes, which caused related commissions, bonuses and other compensation to increase by $44,055. These costs, however, decreased as a percentage of towables net sales by 0.3% compared to the prior-year period, primarily attributable to the impact of the Jayco acquisition. Sales-related travel, advertising and promotional costs also increased $9,712 in correlation with the sales increase and legal, professional and related settlement costs also increased $3,784.

Towables income before income taxes was $306,677, or 8.2% of towables net sales, for the nine months ended April 30, 2017 compared to $213,186, or 9.0% of towables net sales, for the nine months ended April 30, 2016. The primary reason for the decrease in percentage was the impact of the increase in the cost of products sold percentage as noted above. In addition, amortization costs as a percentage of towables net sales also increased 0.6% due to the addition of $29,836 in amortization costs as a result of the Jayco acquisition. These increases in cost percentages were partially offset by the one-time goodwill impairment charge of $9,113 included in the results for the nine months ended April 30, 2016 as discussed in Note 8 to the Condensed Consolidated Financial Statements, and the decrease in the selling, general and administrative expense percentage noted above.

MOTORIZED RECREATIONAL VEHICLES

Analysis of the change in net sales for the nine months ended April 30, 2017 compared to the nine months ended April 30, 2016:


	Nine Months Ended April 30, 2017		% of Segment Net Sales		Nine Months Ended April 30, 2016		% of Segment Net Sales		Change Amount			% Change
NET SALES:
Motorized
Class A	$	706,702		47.5	$	441,684		55.1	$	265,018			60.0
Class C		715,795		48.2		294,104		36.7		421,691			143.4
Class B		63,812		4.3		65,808		8.2		(1,996	)		(3.0	)

Total Motorized	$	1,486,309		100.0	$	801,596		100.0	$	684,713			85.4


	Nine Months Ended April 30, 2017		% of Segment Shipments		Nine Months Ended April 30, 2016		% of Segment Shipments		Change Amount			% Change
# OF UNITS:
Motorized
Class A		6,399		35.2		4,626		46.2		1,773			38.3
Class C		11,274		62.0		4,852		48.4		6,422			132.4
Class B		504		2.8		540		5.4		(36	)		(6.7	)

Total Motorized		18,177		100.0		10,018		100.0		8,159			81.4


Impact of Change in Mix and Price on Net Sales:	% Increase
Motorized
Class A		21.7
Class C		11.0
Class B		3.7
Total Motorized		4.0

The increase in total motorized net sales of 85.4% compared to the prior-year period resulted from an 81.4% increase in unit shipments and a 4.0% increase in the impact of the change in the overall net price per unit. The addition of Jayco accounted for 54.1% of the 85.4% increase in total motorized net sales and for $433,683 of the $684,713 increase. Jayco accounted for 42.4% of the 81.4% increase in total motorized unit shipments and for 4,243 of the 8,159 unit increase. The 4.0% increase in the overall motorized net price per unit, in spite of much larger percentage increases within the Class A and Class C product lines, is primarily due to a significantly higher concentration of the more moderately priced Class C units, as compared to Class A units, in the current-year period as compared to the prior-year period. The overall industry increase in wholesale unit shipments of motorhomes for the nine months ended April 30, 2017 was 14.0% compared to the same period last year according to statistics published by RVIA.

The increase in the overall net price per unit within the Class A product line of 21.7% was primarily due to a higher concentration of sales of larger and generally more expensive diesel units compared to the more moderately priced gas units in the current-year period compared to the prior-year period. This increase was primarily due to the change in product mix attributable to the acquisition of Jayco’s high-end Class A diesel products. The increase in the overall net price per unit within the Class C product line of 11.0% is primarily due to a higher concentration of sales of the generally more expensive high-end Class C diesel units in the current period compared to a year ago, also due to the change in product mix attributable to the acquisition of Jayco. The increase in the overall net price per unit within the Class B product line of 3.7% is primarily due to changes in product mix.

Cost of products sold increased $629,370 to $1,323,503, or 89.0% of motorized net sales, for the nine months ended April 30, 2017 compared to $694,133, or 86.6% of motorized net sales, for the nine months ended April 30, 2016. The change in material, labor, freight-out and warranty comprised $600,688 of the $629,370 increase due to increased sales volume. Material, labor, freight-out and warranty as a combined percentage of motorized net sales increased to 84.8% for the nine months ended April 30, 2017 as compared to 82.3% for the prior year period. This increase in percentage was primarily due to an increase in the material cost percentage to sales due to changes in product mix, which is primarily attributable to the acquisition of Jayco, and an increase in labor costs associated with increasing employment levels and the current competitive RV labor market. The warranty cost percentage also increased, partially due to the acquisition of Jayco. Total manufacturing overhead increased $28,682 with the volume increase, but decreased slightly as a percentage of motorized net sales from 4.3% to 4.2%.

Motorized gross profit increased $55,343 to $162,806, or 11.0% of motorized net sales, for the nine months ended April 30, 2017 compared to $107,463, or 13.4% of motorized net sales, for the nine months ended April 30, 2016. The $55,343 increase in gross profit was due primarily to the 81.4% increase in unit sales volume noted above, and the decrease as a percentage of motorized net sales is due to the increase in the cost of products sold percentage noted above.

Selling, general and administrative expenses were $64,978, or 4.4% of motorized net sales, for the nine months ended April 30, 2017 compared to $41,168, or 5.1% of motorized net sales, for the nine months ended April 30, 2016. The primary reason for the $23,810 increase was increased motorized net sales and motorized income before income taxes, which caused related commissions, bonuses and other compensation to increase by $17,284. These costs, however, decreased as a percentage of motorized net sales by 0.7% compared to the prior-year period, primarily attributable to the impact of the Jayco acquisition. Sales related travel, advertising and promotional costs also increased $4,099 in correlation with the sales increase.

Motorized income before income taxes was $94,767, or 6.4% of motorized net sales, for the nine months ended April 30, 2017 compared to $66,287, or 8.3% of motorized net sales, for the nine months ended April 30, 2016. The primary reasons for this decrease in percentage were the impact of the increase in the cost of products sold percentage noted above and an increase in amortization costs as a percentage of motorized net sales of 0.2% due to the addition of $3,063 in amortization costs as a result of the Jayco acquisition, partially offset by the decrease in the selling, general and administrative expense percentage to sales noted above.

Financial Condition and Liquidity

As of April 30, 2017, we had $189,411 in cash and cash equivalents compared to $209,902 on July 31, 2016. The components of this $20,491 decrease in cash and cash equivalents are described in more detail below, but the decrease is primarily attributable to cash provided by operations of $182,834 being more than offset by $79,456 paid for capital expenditures, $65,000 in principal payments on long-term debt and $52,057 paid for dividends.

Working capital at April 30, 2017 was $492,918 compared to $365,206 at July 31, 2016, with the increase primarily attributable to increases in accounts receivable and inventory in correlation with the increases in sales, backlog and production lines. Capital expenditures of $79,456 for the nine months ended April 30, 2017 were made primarily for land and production building additions and improvements, as well as replacing machinery and equipment used in the ordinary course of business.

We strive to maintain adequate cash balances to ensure we have sufficient resources to respond to opportunities and changing business conditions. We believe our on-hand cash and cash equivalents, and funds generated from continuing operations, along with funds available under the revolving asset-based credit facility, will be sufficient to fund expected future operational requirements. We have historically relied on internally generated cash flows from operations to finance substantially all our growth, however, we obtained a revolving asset-based credit facility to partially fund the fiscal 2016 acquisition of Jayco as discussed in Notes 2 and 11 to the Condensed Consolidated Financial Statements.

Our main priorities for the use of current and future available cash generated from operations include supporting and growing our core businesses, both organically and through acquisitions, maintaining and growing our regular dividends over time, and reducing indebtedness. Strategic share repurchases or special dividends as determined by the Company’s Board will also continue to be considered.

In regard to supporting and growing our business, we anticipate capital expenditures during the remainder of fiscal 2017 of approximately $50,000, primarily for the continued expansion of our facilities and replacing and upgrading machinery, equipment and other assets to be used in the ordinary course of business. In regard to reducing indebtedness, in May 2017 we made additional debt payments of $50,000, which brings the remaining indebtedness to $245,000 as of May 31, 2017. We may also consider additional strategic growth acquisitions that complement or expand our ongoing operations.

The Company’s Board currently intends to continue regular quarterly cash dividend payments in the future. As is customary under asset-based lines of credit, certain actions, including our ability to pay dividends, are subject to the satisfaction of certain payment conditions prior to payment. The conditions for the payments of dividends include a minimum level of adjusted excess cash availability and a fixed charge coverage ratio test, both as defined in the credit agreement. The declaration of future dividends and the establishment of the per share amounts, record dates and payment dates for any such future dividends are subject to the determination of the Board, and will be dependent upon future earnings, cash flows and other factors.

Future purchases of the Company’s common stock or special cash dividends may occur based upon market and business conditions and excess cash availability, subject to potential customary limits and restrictions pursuant to the credit facility, applicable legal limitations and determination by the Board.

Operating Activities

Net cash provided by operating activities for the nine months ended April 30, 2017 was $182,834 as compared to net cash provided by operating activities of $144,908 for the nine months ended April 30, 2016.

For the nine months ended April 30, 2017, net income adjusted for non-cash items (primarily depreciation, amortization of intangibles, deferred income tax provision and stock-based compensation) provided $327,816 of operating cash. The changes in working capital used $144,982 of operating cash during that period, primarily due to larger than usual seasonal increases in accounts receivable and inventory in correlation with the increases in sales, backlog and production lines, partially offset by an increase in accounts payable.

For the nine months ended April 30, 2016, net income adjusted for non-cash items (primarily depreciation, amortization of intangibles, impairment charges, deferred income tax provision and stock-based compensation) provided $223,314 of operating cash. The changes in working capital used $78,406 of operating cash during that period, primarily due to a seasonal increase in accounts receivable and inventory in correlation with the increase in current sales, production levels and backlog, partially offset by an increase in accounts payable.

Investing Activities

Net cash used in investing activities for the nine months ended April 30, 2017 was $81,446, primarily due to capital expenditures of $79,456 and a final purchase price adjustment payment of $5,039 related to the fiscal 2016 acquisition of Jayco, partially offset by proceeds received on the dispositions of property, plant and equipment of $4,630.

Net cash used in investing activities for the nine months ended April 30, 2016 was $31,421, primarily due to capital expenditures of $39,411, partially offset by proceeds received on notes receivable of $8,367.

Financing Activities

Net cash used in financing activities for the nine months ended April 30, 2017 was $121,879, primarily for principal payments on the revolving credit facility totaling $65,000 and regular quarterly cash dividend payments of $0.33 per share for each of the first three quarters of fiscal 2017 totaling $52,057.

Net cash used in financing activities for the nine months ended April 30, 2016 was $49,668, primarily for the regular quarterly cash dividend payments of $0.30 per share for each of the first three quarters of fiscal 2016 totaling $47,227.

The Company increased its previous regular quarterly dividend of $0.30 per share to $0.33 per share in October 2016. In October 2015, the Company increased its previous regular quarterly dividend of $0.27 per share to $0.30 per share.

Accounting Pronouncements

Reference is made to Note 1 of our Condensed Consolidated Financial Statements contained in this report for a summary of recently issued accounting pronouncements, which summary is hereby incorporated by reference.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We have exposure to market risk from changes in short-term interest rates on our variable-rate debt. Depending upon the borrowing option chosen, the interest charged is based upon either the Base Rate or LIBOR of a selected time period, plus an applicable margin. If interest rates increased by 0.25% (which approximates a 10% increase of the weighted-average interest rate on our borrowings as of April 30, 2017), our results of operations and cash flows for the nine months ended April 30, 2017 would not have been materially affected.

ITEM 4. CONTROLS AND PROCEDURES

The Company maintains “disclosure controls and procedures”, as such term is defined under Exchange Act Rule 13a-15(e), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures. In designing and evaluating the disclosure controls and procedures, our management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives and our management necessarily is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. The Company has carried out an evaluation, as of the end of the period covered by this report, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective at attaining the level of reasonable assurance noted above.

During the quarter ended April 30, 2017, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is involved in certain litigation arising out of its operations in the normal course of its business, most of which is based upon state “lemon laws”, warranty claims and vehicle accidents (for which the Company carries insurance above a specified self-insured retention or deductible amount). The outcomes of legal proceedings and claims brought against the Company are subject to significant uncertainty. There is significant judgment required in assessing both the probability of an adverse outcome and the determination as to whether an exposure can be reasonably estimated. In management’s opinion, the ultimate disposition of any current legal proceedings or claims against the Company will not have a material effect on the Company’s financial condition, operating results or cash flows. Litigation is, however, inherently uncertain and an adverse outcome from such litigation could have a material effect on the operating results of a particular reporting period.

ITEM 1A. RISK FACTORS

There have been no material changes from the risk factors previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended July 31, 2016.

ITEM 6. EXHIBITS


Exhibit		Description

3.1		Amended and Restated Bylaws of the registrant (Incorporated by reference to Exhibit 3.21 to Form 8-K filed March 20, 2017)

10.1		Form of Restricted Stock Unit Award Agreement (Employees) (Incorporated by reference to Exhibit 99.1 to Form 8-K filed march 20, 2017

10.2		Form of Restricted Stock Unit Award Agreement (Directors) (Incorporated by reference to Exhibit 99.2 to Form 8-K filed march 20, 2017

31.1		Chief Executive Officer’s Rule 13a-14(a) Certification

31.2		Chief Financial Officer’s Rule 13a-14(a) Certification

32.1		Chief Executive Officer’s Section 1350 Certification

32.2		Chief Financial Officer’s Section 1350 Certification

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Extension Schema Document

101.CAL		XBRL Taxonomy Calculation Linkbase Document

101.PRE		XBRL Taxonomy Presentation Linkbase Document

101.LAB		XBRL Taxonomy Label Linkbase Document

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

Attached as Exhibits 101 to this report are the following financial statements from the Company’s Quarterly report on Form 10-Q for the quarter ended April 30, 2017 formatted in XBRL (“eXtensible Business Reporting Language”): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Income and Comprehensive Income, (iii) the Condensed Consolidated Statements of Cash Flows, and (iv) related notes to these financial statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


		THOR INDUSTRIES, INC.
		(Registrant)

DATE: June 5, 2017		/s/ Robert W. Martin
		Robert W. Martin
		President and Chief Executive Officer

DATE: June 5, 2017		/s/ Colleen Zuhl
		Colleen Zuhl
		Senior Vice President and Chief Financial Officer

EX-31.1 2 d380672dex311.htm EX-31.1 EX-31.1

EXHIBIT 31.1

RULE 13a-14(a) CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

I, Robert W. Martin, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Thor Industries, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.


DATE: June 5, 2017				/s/ Robert W. Martin
				Robert W. Martin
				President and Chief Executive Officer
				(Principal executive officer)

EX-31.2 3 d380672dex312.htm EX-31.2 EX-31.2

EXHIBIT 31.2

RULE 13a-14(a) CERTIFICATION OF THE CHIEF FINANCIAL OFFICER

I, Colleen Zuhl, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Thor Industries, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.


DATE: June 5, 2017				/s/ Colleen Zuhl
				Colleen Zuhl
				Senior Vice President and Chief Financial Officer
				(Principal financial and accounting officer)

EX-32.1 4 d380672dex321.htm EX-32.1 EX-32.1

EXHIBIT 32.1

SECTION 1350 CERTIFICATION

OF CHIEF EXECUTIVE OFFICER

In connection with this quarterly report on Form 10-Q of Thor Industries, Inc. for the period ended April 30, 2017, I, Robert W. Martin, President and Chief Executive Officer of Thor Industries, Inc., hereby certify pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

this Form 10-Q for the period ended April 30, 2017 fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

the information contained in this Form 10-Q for the period ended April 30, 2017 fairly presents, in all material respects, the financial condition and results of operations of Thor Industries, Inc.


DATE: June 5, 2017				/s/ Robert W. Martin
				Robert W. Martin
				President and Chief Executive Officer
				(Principal executive officer)

EX-32.2 5 d380672dex322.htm EX-32.2 EX-32.2

EXHIBIT 32.2

SECTION 1350 CERTIFICATION

OF CHIEF FINANCIAL OFFICER

In connection with this quarterly report on Form 10-Q of Thor Industries, Inc. for the period ended April 30, 2017, I, Colleen Zuhl, Senior Vice President and Chief Financial Officer of Thor Industries, Inc., hereby certify pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

this Form 10-Q for the period ended April 30, 2017 fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

the information contained in this Form 10-Q for the period ended April 30, 2017 fairly presents, in all material respects, the financial condition and results of operations of Thor Industries, Inc.


DATE: June 5, 2017				/s/ Colleen Zuhl
				Colleen Zuhl
				Senior Vice President and Chief Financial Officer
				(Principal financial and accounting officer)

EX-101.INS 6 tho-20170430.xml XBRL INSTANCE DOCUMENT

92800000

261100000

12400000

216776000

80824000

18409000

258158000

581099000

74184000

52586041

106260000

209173000

112621000

247297000

10011069

250000000

0.10

62597110

1000000

34816000

1568714000

45683000

2600076000

96315000

46897000

343453000

1471958000

295000000

349671000

6260000

233055000

158222000

214918000

26541000

114146000

659000

778447000

1271365000

5036000

200755000

209501000

491678000

34841000

394818000

189411000

62678000

63925000

46480000

459668000

579419000

36906000

290923000

553040000

2600076000

32010000

458681000

572827000

249025000

43131000

50367000

54463000

377693000

128493000

933893000

5961000

336071000

2443451000 15507000 7175000 8988000 101389000 507391000

295000000

202825000

6542000

138904000

24970000

1589720000

559725000

295666000

154965000

2149445000

270000

450000

16187000

148117000

8845000

19300000

88844000

404960000

24901000

42871000

334822000

27394000

155152000

1088000

6527000

349335000

48553000

108206000

183478000

9957180

250000000

0.10

62439795

1000000

25531000

1365981000

38615000

2325464000

81159000

40452000

263774000

1265222000

360000000

408590000

6244000

224496000

136169000

201840000

22927000

80936000

625000

651652000

1016858000

214954000

173362000

434004000

25838000

344267000

209902000

53417000

403869000

370085000

22454000

219050000

480436000

2325464000

30135000

507391000

588327000

377693000

97872000

964339000

10548000

331499000

1898307000 15969000 6068000 9975000 102686000

360000000

143282000

15529000

1425168000

476973000

266501000

156822000

1902141000

203000

450000

10539000

148117000

10870000

22400000

55191000

404960000

4133000

12400000

20141000

42871000

334822000

39943000

133112000

680000

6527000

300902000

46422000

360000000

P20Y

P3M

2016-06-30

P19Y3M18D

2016-06-30

562690000

576060000

18409000

5039000

9113000

57253

0.99

Q3 2017 10-Q

4.83

0000730263

4.83

<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%" valign="top" align="left">6.</td> <td align="left" valign="top">Inventories</td> </tr> </table> Major classifications of inventories are as follows:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="76%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Finished goods – RV </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,394</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">39,943</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Finished goods – other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,901</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">20,141</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Work in process </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">128,493</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">97,872</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Raw materials </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">209,501</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">173,362</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Chassis </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">101,389</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">102,686</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">491,678</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">434,004</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Excess of FIFO costs over LIFO costs </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(32,010</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(30,135</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Total inventories, net </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">459,668</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">403,869</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> Of the $491,678 and $434,004 of inventories at April 30, 2017 and July 31, 2016, $290,923 and $219,050, respectively, was valued on the last-in, first-out (LIFO) basis, and $200,755 and $214,954, respectively, was valued on the first-in, first-out (FIFO) method. </div>

<div> Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge (referred to as Step 2 in the goodwill impairment test). Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment charge equal to that excess shall be recognized, not to exceed the amount of goodwill allocated to the reporting unit. The standard is effective for annual and any interim impairment tests for periods beginning after December 15, 2019, with early adoption permitted after January 1, 2017. The standard is effective for the Company in its fiscal year 2021 beginning on August 1, 2020. The Company is currently evaluating the impact of this standard on its consolidated financial statements, which will depend on the outcomes of future goodwill impairment tests. In March 2016, the FASB issued Accounting Standards Update No. 2016-09 (“ASU 2016-09”) “Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for the related income taxes, forfeitures, statutory tax withholding requirements and classification in the statement of cash flows. ASU 2016-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods. Early adoption is permitted and the Company adopted the provisions of ASU 2016-09 as of August 1, 2016. Applicable provisions of the standard have been adopted prospectively as allowed under the standard. The provisions related to income taxes resulted in a tax benefit of $0 and $1,843 for the three and nine months ended April 30, 2017, respectively. The Company did not change its policy related to forfeitures, which is estimated based on historical forfeiture rates over the vesting period of employee awards. Provisions related to the statement of cash flows have been adopted prospectively and result in the recognition of the excess tax benefits from share-based awards being reflected in cash provided by operating activities. In September 2015, the FASB issued Accounting Standards Update No. 2015-16 (“ASU 2015-16”) “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments,” to simplify the accounting for measurement-period adjustments in a business combination. Under the new standard, an acquirer must recognize adjustments to provisional amounts in a business combination in the reporting period in which the adjustment amounts are determined, rather than retrospectively adjusting the provisional amounts recognized at the acquisition date with a corresponding adjustment to goodwill as under current guidance. ASU 2015-16 is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2015. The Company adopted ASU 2015-16 on August 1, 2016 and there was no impact upon adoption of this standard. In July 2015, the FASB issued Accounting Standards Update No. 2015-11 (“ASU 2015-11”) “Inventory (Topic 330): Simplifying the Measurement of Inventory.” ASU 2015-11 requires inventory measured using any method other than last-in, first-out (“LIFO”) or the retail inventory method to be subsequently measured at the lower of cost or net realizable value, rather than at the lower of cost or market. Under this ASU, subsequent measurement of inventory using the LIFO and retail inventory method is unchanged. ASU 2015-11 is effective prospectively for fiscal years, and for interim periods within those years, beginning after December 15, 2016. The standard is effective for the Company in its fiscal year 2018 beginning on August 1, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements.   In May 2014, the FASB issued Accounting Standards Update No. 2014-09 “Revenue from Contracts with Customers (Topic 606),” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This standard will supersede most current revenue recognition guidance. Under the new standard, entities are required to identify the contract with a customer, identify the separate performance obligations in the contract, determine the transaction price, allocate the transaction price to the separate performance obligations in the contract and recognize the appropriate amount of revenue when (or as) the entity satisfies each performance obligation. The standard is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2017. The standard is effective for the Company in its fiscal year 2019 beginning on August 1, 2018. Entities have the option of using either retrospective transition or a modified approach in applying the new standard. The Company is currently evaluating the approach it will use to apply the new standard and the impact that the adoption of the new standard will have on the Company’s consolidated financial statements. </div>

<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%" valign="top" align="left">10.</td> <td align="left" valign="top">Product Warranties</td> </tr> </table> The Company generally provides retail customers of its products with a one-year or two-year warranty covering defects in material or workmanship, with longer warranties on certain structural components. The Company records a liability based on its best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors used in estimating the warranty liability include a history of units sold, existing dealer inventory, average cost incurred and a profile of the distribution of warranty expenditures over the warranty period. Management believes that the warranty reserves are adequate, however, actual claims incurred could differ from estimates, requiring adjustments to the reserves. Warranty reserves are reviewed and adjusted as necessary on at least a quarterly basis.   Changes in our product warranty reserves are as follows:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="60%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2016</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Beginning balance </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">209,173</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">106,260</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">201,840</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">108,206</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Provision </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">50,358</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">33,853</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">146,454</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">85,369</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Payments </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(44,613</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(27,492</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(133,376</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(80,954</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Ending balance </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">214,918</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">112,621</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">214,918</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">112,621</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

<div> Changes in our product warranty reserves are as follows:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="60%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2016</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Beginning balance </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">209,173</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">106,260</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">201,840</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">108,206</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Provision </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">50,358</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">33,853</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">146,454</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">85,369</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Payments </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(44,613</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(27,492</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(133,376</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(80,954</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Ending balance </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">214,918</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">112,621</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">214,918</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">112,621</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

THO

52739716

52555792

false

<div> The financial assets that were accounted for at fair value on a recurring basis at April 30, 2017 and July 31, 2016, all using Level 1 inputs, are as follows:   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="76%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Cash equivalents </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">138,904</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">143,282</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Deferred compensation plan assets </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">24,970</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,529</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> </table> </div>

4.85

<div> Property, plant and equipment is stated at cost, net of accumulated depreciation, and consists of the following:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="76%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Land </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">48,553</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">46,422</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Buildings and improvements </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">349,335</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">300,902</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Machinery and equipment </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">155,152</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">133,112</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Total cost </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">553,040</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">480,436</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Less accumulated depreciation </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(158,222</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(136,169</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Property, plant and equipment, net </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">394,818</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">344,267</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

<div> The following table reflects the weighted-average common shares used to compute the basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income:   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="52%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Weighted-average common shares outstanding for basic earnings per common share </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,582,134</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,474,801</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,555,792</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,453,025</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Unvested restricted stock and restricted stock units </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">190,972</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">126,872</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">183,924</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">116,269</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Weighted-average common shares outstanding for diluted earnings per common share </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,773,106</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,601,673</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,739,716</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52,569,294</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

<div> Major classifications of inventories are as follows:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="76%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Finished goods – RV </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,394</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">39,943</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Finished goods – other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,901</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">20,141</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Work in process </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">128,493</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">97,872</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Raw materials </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">209,501</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">173,362</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Chassis </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">101,389</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">102,686</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">491,678</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">434,004</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Excess of FIFO costs over LIFO costs </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(32,010</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(30,135</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Total inventories, net </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">459,668</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">403,869</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

<div> Estimated annual amortization expense is as follows:   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="89%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> For the fiscal year ending July 31, 2017 </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">63,925</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> For the fiscal year ending July 31, 2018 </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">54,463</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> For the fiscal year ending July 31, 2019 </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">50,367</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> For the fiscal year ending July 31, 2020 </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">46,480</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> For the fiscal year ending July 31, 2021 </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">43,131</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> For the fiscal year ending July 31, 2022 and thereafter </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">249,025</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"></td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">507,391</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

--07-31 2017-04-30

4.85

Large Accelerated Filer

183924

182834000

<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%" valign="top" align="left">7.</td> <td align="left" valign="top">Property, Plant and Equipment</td> </tr> </table> Property, plant and equipment is stated at cost, net of accumulated depreciation, and consists of the following:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="BORDER-COLLAPSE:COLLAPSE" align="center"> <tr> <td width="76%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="page-break-inside:avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Land </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">48,553</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">46,422</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Buildings and improvements </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">349,335</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">300,902</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Machinery and equipment </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">155,152</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">133,112</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Total cost </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">553,040</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">480,436</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF" style="page-break-inside:avoid"> <td valign="top"> Less accumulated depreciation </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(158,222</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(136,169</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="page-break-inside:avoid"> <td valign="top"> Property, plant and equipment, net </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">394,818</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">344,267</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> Property, plant and equipment at both April 30, 2017 and July 31, 2016 includes buildings and improvements under capital leases of $6,527 and related amortization included in accumulated depreciation of $1,088 and $680 at April 30, 2017 and July 31, 2016, respectively. </div>

<div> <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="52%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Net sales:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles: </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,426,192</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">934,574</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,719,314</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,377,571</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">549,883</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">307,630</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,486,309</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">801,596</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,976,075</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,242,204</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">5,205,623</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,179,167</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">70,019</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">61,572</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">182,906</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">159,965</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Intercompany eliminations </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(30,870</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(19,722</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(76,249</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(49,656</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,015,224</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,284,054</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">5,312,280</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,289,476</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="8"></td> <td height="16" colspan="8"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Income (loss) from continuing operations before income taxes:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles: </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">134,504</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">96,893</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">306,677</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">213,186</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">37,356</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,115</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">94,767</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">66,287</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">171,860</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">121,008</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">401,444</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">279,473</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other, net </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,713</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,441</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">20,787</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12,107</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(14,342</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(11,166</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(41,835</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(31,718</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">166,231</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">116,283</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">380,396</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">259,862</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Total assets:</td> <td valign="bottom">  </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,589,720</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,425,168</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">559,725</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">476,973</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,149,445</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,902,141</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other, net </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">154,965</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">156,822</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">295,666</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">266,501</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,600,076</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,325,464</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table>   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="64%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Depreciation and intangible amortization expense:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">18,213</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">8,212</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">57,377</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">23,066</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,316</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">670</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,905</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,960</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">20,529</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,882</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">64,282</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25,026</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,021</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,105</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,037</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,234</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">343</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">286</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">979</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">853</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">23,893</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">12,273</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">74,298</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">35,113</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="8"></td> <td height="16" colspan="8"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Capital acquisitions:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,559</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">9,480</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">51,877</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,768</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12,134</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,569</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,179</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,885</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">27,693</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">14,049</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">76,056</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">34,653</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">163</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">340</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">773</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,519</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">377</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">861</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,694</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,662</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">28,233</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,250</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">78,523</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">38,834</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

<div> The following unaudited pro forma information represents Thor’s results of operations for the periods presented as if the fiscal 2016 acquisition of Jayco had occurred at the beginning of fiscal 2015. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of Thor.   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="66%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Three Months Ended April 30, 2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Nine Months Ended April 30, 2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Net sales </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,756,991</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">4,553,747</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Net income </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">89,847</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">195,337</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Basic earnings per common share </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1.71</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3.72</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Diluted earnings per common share </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1.71</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3.72</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> </table> </div>

0.330

THOR INDUSTRIES INC

<div> The components of amortizable intangible assets, net, are as follows:   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="40%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Weighted-Average</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="6"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="6"> </td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Remaining</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" rowspan="2"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Life in Years at</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" rowspan="2" colspan="2" align="center">Cost</td> <td valign="bottom" rowspan="2"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Accumulated</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" rowspan="2" colspan="2" align="center">Cost</td> <td valign="bottom" rowspan="2"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Accumulated</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Amortization</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Amortization</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Dealer networks/customer relationships </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center">16</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">404,960</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">88,844</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">404,960</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">55,191</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Trademarks </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center">19</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">148,117</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">16,187</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">148,117</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">10,539</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Design technology and other intangibles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center">8</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">19,300</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,845</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">22,400</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">10,870</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Non-compete agreements </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center">2</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">450</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">270</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">450</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">203</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Backlog </td> <td valign="bottom">  </td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom" nowrap="nowrap" align="center">—  </td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom" nowrap="nowrap" align="right">—  </td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom" nowrap="nowrap" align="right">—  </td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12,400</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,133</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total amortizable intangible assets </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">572,827</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">114,146</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">588,327</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">80,936</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

<div> <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top" width="4%" align="left">3.</td> <td valign="top" align="left">Business Segments</td> </tr> </table> 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.   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="52%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Net sales:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles: </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,426,192</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">934,574</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,719,314</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,377,571</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">549,883</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">307,630</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,486,309</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">801,596</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,976,075</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,242,204</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">5,205,623</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,179,167</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">70,019</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">61,572</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">182,906</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">159,965</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Intercompany eliminations </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(30,870</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(19,722</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(76,249</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(49,656</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,015,224</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,284,054</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">5,312,280</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,289,476</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="8"></td> <td height="16" colspan="8"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Income (loss) from continuing operations before income taxes:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles: </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">134,504</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">96,893</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">306,677</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">213,186</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">37,356</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,115</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">94,767</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">66,287</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">171,860</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">121,008</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">401,444</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">279,473</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other, net </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,713</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,441</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">20,787</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12,107</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(14,342</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(11,166</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(41,835</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(31,718</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">166,231</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">116,283</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">380,396</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">259,862</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> <td height="16" colspan="4"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Total assets:</td> <td valign="bottom">  </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">April 30, 2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">July 31, 2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,589,720</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,425,168</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">559,725</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">476,973</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,149,445</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,902,141</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other, net </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">154,965</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">156,822</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">295,666</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">266,501</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,600,076</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,325,464</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table>   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="64%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Depreciation and intangible amortization expense:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">18,213</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">8,212</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">57,377</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">23,066</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,316</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">670</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,905</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,960</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">20,529</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,882</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">64,282</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25,026</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,021</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,105</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,037</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,234</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">343</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">286</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">979</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">853</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">23,893</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">12,273</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">74,298</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">35,113</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="FONT-SIZE: 1pt"> <td height="16"></td> <td height="16" colspan="8"></td> <td height="16" colspan="8"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap">Capital acquisitions:</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2017</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">2016</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Towables </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,559</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">9,480</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">51,877</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,768</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Motorized </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12,134</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,569</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,179</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,885</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Total recreational vehicles </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">27,693</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">14,049</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">76,056</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">34,653</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Other </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">163</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">340</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">773</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,519</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Corporate </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">377</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">861</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,694</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,662</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">28,233</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">15,250</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">78,523</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">38,834</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

146454000

250000

79456000

5039000

2246000

5312280000

78523000

1581000

254790000

6652000

55799000

223186000

254790000

4572000

52057000

1843000

535000

9261000

130802000

742295000

65000000

4270000

4612000

380396000

2605000

25588000

74298000

125606000

85651000

7593000

4630000

9058000

-81446000

310401000

133376000

4569985000

46604000

-734000

6360000

1177000

48710000

-20491000

-121879000

3835000 Up to eighteen months <div> Nature of Operations Thor Industries, Inc. was founded in 1980 and, through its subsidiaries (collectively, the “Company”), manufactures a wide range of recreational vehicles (“RVs”) in the United States at various manufacturing facilities located primarily in Indiana and Ohio, with additional facilities in Oregon and Idaho. These products are sold to independent, non-franchise dealers primarily throughout the United States and Canada. Unless the context requires or indicates otherwise, all references to “Thor”, the “Company”, “we”, “our” and “us” refer to Thor Industries, Inc. and its subsidiaries. The July 31, 2016 amounts are derived from the annual audited financial statements. The interim financial statements are unaudited. In the opinion of management, all adjustments (which consist of normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented have been made. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2016. Due to seasonality within the recreational vehicle industry, annualizing the results of operations for the nine months ended April 30, 2017 would not necessarily be indicative of the results for a full fiscal year. </div> 3592000 243000 <div> The following table reflects losses incurred related to repurchase agreements that were settled in the periods noted. The Company believes that any future losses under these agreements will not have a significant effect on the Company’s consolidated financial position, results of operations or cash flows:   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="61%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Three Months Ended April 30,</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">Nine Months Ended April 30,</td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">    2017    </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">    2016    </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">    2017    </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">    2016    </td> <td valign="bottom"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Cost of units repurchased </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  977</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">     1,961</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  3,835</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  2,969</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Realization of units resold </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">930</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,524</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,592</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,400</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Losses due to repurchase </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">47</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">437</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">243</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">569</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

4572000

P5Y

2021-06-30

2016-06-30

0.0225

5583000

1177000

P5Y P2Y P1Y

3719314000

51877000

57377000

306677000

1486309000

24179000

6905000

94767000

5312280000

-76249000

1694000

979000

182906000

773000

9037000

5205623000

76056000

64282000

-41835000

20787000

401444000

P2Y

P19Y

Straight-line basis

P8Y

Accelerated cash flow basis

P16Y

Straight-line basis

<div> The following table summarizes the preliminary fair values assigned to the Jayco net assets acquired, which are based on internal and independent external valuations, and subject to the finalization of certain current liabilities:   <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" align="center" border="0"> <tr> <td width="89%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Cash </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">18,409</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Other current assets </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">258,158</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Property, plant and equipment </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">80,824</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Dealer network </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">261,100</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Trademarks </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">92,800</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Backlog </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">12,400</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Goodwill </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">74,184</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Current liabilities </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(216,776</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total fair value of net assets acquired </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">581,099</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top"> Less cash acquired </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(18,409</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr style="PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> Total cash consideration for acquisition, less cash acquired </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">562,690</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> </table> </div>

0.18

0.23

43782

3.72

0.90

3.31

3.33

52569294

52453025

3.34

3.72

3.31

116269

144908000

0.326

85369000

248000

39411000

-20000

291000

3289476000

38834000

613000

173747000

508000

29137000

112112000

-1429000

175176000

173747000

2484000

47227000

473000

1379000

85702000

502975000

195337000

350000

2010000

259862000

963000

4553747000

17451000

35113000

84686000

35084000

508000

236000

6991000

291000

-31421000

8367000

216653000

80954000

2786501000

9113000

28523000

1246000

17662000

63819000

-49668000

2969000 2400000 569000

2484000

2377571000

27768000

23066000

213186000

801596000

6885000

1960000

66287000

3289476000

-49656000

1662000

853000

159965000

2519000

9234000

3179167000

34653000

25026000

-31718000

12107000

279473000

0.20

7850000

0.18

0.33

2.11

52773106

52582134

2.12

190972

0.331

50358000

2015224000

28233000

111263000

205000

293841000

1070000

166231000

23893000

54968000

2547000

3166000

111122000

44613000

1721383000

15216000

977000 930000 47000 0.0238

1879000

392000

1426192000

15559000

18213000

134504000

549883000

12134000

2316000

37356000

2015224000

-30870000

377000

343000

70019000

163000

3021000

1976075000

27693000

20529000

-14342000

8713000

171860000

1.71

0.30

1.49

1.51

52601673

52474801

1.51

1.71

1.50

126872

0.319

33853000

1284054000

15250000

-611000

79193000

78582000

230000

201937000

89847000

895000

116283000

1756991000

12273000

37090000

166000

2312000

80833000

27492000

1082117000

5780000

1961000 1524000 437000

934574000

9480000

8212000

96893000

307630000

4569000

670000

24115000

1284054000

-19722000

861000

286000

61572000

340000

3105000

1242204000

14049000

8882000

-11166000

6441000

121008000

0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberus-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMemberus-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 us-gaap:IntersegmentEliminationMemberus-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 us-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMember 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-02-01 2016-04-30 0000730263 2016-02-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberus-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMemberus-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:IntersegmentEliminationMemberus-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMember 2017-02-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2017-02-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMemberus-gaap:InterestExpenseMember 2017-02-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMembertho:BaseRateAndLiborMember 2017-02-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMember 2017-02-01 2017-04-30 0000730263 2017-02-01 2017-04-30 0000730263 us-gaap:AccountsReceivableMembertho:FreedomRoadsMember 2015-08-01 2016-07-31 0000730263 us-gaap:RevolvingCreditFacilityMember 2015-08-01 2016-07-31 0000730263 us-gaap:SalesRevenueGoodsNetMembertho:FreedomRoadsMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberus-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMemberus-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:IntersegmentEliminationMemberus-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMember 2015-08-01 2016-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2015-08-01 2016-04-30 0000730263 us-gaap:RestrictedStockUnitsRSUMember 2015-08-01 2016-04-30 0000730263 2015-08-01 2016-04-30 0000730263 us-gaap:AccountsReceivableMembertho:FreedomRoadsMember 2016-08-01 2017-04-30 0000730263 us-gaap:SalesRevenueGoodsNetMembertho:FreedomRoadsMember 2016-08-01 2017-04-30 0000730263 tho:JaycoCorpMember 2016-08-01 2017-04-30 0000730263 tho:JaycoCorpMembertho:BacklogMember 2016-08-01 2017-04-30 0000730263 tho:DealerNetworkAndCustomerRelationshipsMember 2016-08-01 2017-04-30 0000730263 tho:JaycoCorpMembertho:DealerNetworkMember 2016-08-01 2017-04-30 0000730263 tho:DesignTechnologyAndOtherIntangiblesMember 2016-08-01 2017-04-30 0000730263 tho:JaycoCorpMemberus-gaap:TrademarksMember 2016-08-01 2017-04-30 0000730263 us-gaap:TrademarksMember 2016-08-01 2017-04-30 0000730263 us-gaap:NoncompeteAgreementsMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberus-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMemberus-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 us-gaap:IntersegmentEliminationMemberus-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 us-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMember 2016-08-01 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-08-01 2017-04-30 0000730263 tho:TermOfProductWarrantyOneMember 2016-08-01 2017-04-30 0000730263 tho:TermOfProductWarrantyTwoMember 2016-08-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMemberus-gaap:MaximumMember 2016-08-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMemberus-gaap:InterestExpenseMember 2016-08-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMembertho:BaseRateAndLiborMember 2016-08-01 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMember 2016-08-01 2017-04-30 0000730263 us-gaap:RestrictedStockUnitsRSUMember 2016-08-01 2017-04-30 0000730263 2016-08-01 2017-04-30 0000730263 2015-08-01 2016-01-31 0000730263 tho:JaycoCorpMember 2016-06-30 2016-06-30 0000730263 tho:JaycoCorpMembertho:BacklogMember 2016-06-30 2016-06-30 0000730263 tho:JaycoCorpMembertho:DealerNetworkMember 2016-06-30 2016-06-30 0000730263 tho:JaycoCorpMemberus-gaap:TrademarksMember 2016-06-30 2016-06-30 0000730263 tho:JaycoCorpMembertho:ConsiderationFundedByCreditFacilityMember 2016-06-30 2016-06-30 0000730263 us-gaap:LandMember 2016-07-31 0000730263 us-gaap:BuildingAndBuildingImprovementsMember 2016-07-31 0000730263 us-gaap:AssetsHeldUnderCapitalLeasesMember 2016-07-31 0000730263 us-gaap:MachineryAndEquipmentMember 2016-07-31 0000730263 tho:RecreationVehiclesMember 2016-07-31 0000730263 tho:TowablesMember 2016-07-31 0000730263 us-gaap:AllOtherSegmentsMember 2016-07-31 0000730263 tho:BacklogMember 2016-07-31 0000730263 tho:DealerNetworkAndCustomerRelationshipsMember 2016-07-31 0000730263 tho:DesignTechnologyAndOtherIntangiblesMember 2016-07-31 0000730263 us-gaap:TrademarksMember 2016-07-31 0000730263 us-gaap:NoncompeteAgreementsMember 2016-07-31 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-07-31 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberus-gaap:SegmentContinuingOperationsMember 2016-07-31 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMemberus-gaap:SegmentContinuingOperationsMember 2016-07-31 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-07-31 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2016-07-31 0000730263 us-gaap:FairValueInputsLevel1Member 2016-07-31 0000730263 us-gaap:RevolvingCreditFacilityMember 2016-07-31 0000730263 2016-07-31 0000730263 2015-07-31 0000730263 us-gaap:LandMember 2017-04-30 0000730263 us-gaap:BuildingAndBuildingImprovementsMember 2017-04-30 0000730263 us-gaap:AssetsHeldUnderCapitalLeasesMember 2017-04-30 0000730263 us-gaap:MachineryAndEquipmentMember 2017-04-30 0000730263 tho:RecreationVehiclesMember 2017-04-30 0000730263 tho:TowablesMember 2017-04-30 0000730263 us-gaap:AllOtherSegmentsMember 2017-04-30 0000730263 tho:DealerNetworkAndCustomerRelationshipsMember 2017-04-30 0000730263 tho:DesignTechnologyAndOtherIntangiblesMember 2017-04-30 0000730263 us-gaap:TrademarksMember 2017-04-30 0000730263 us-gaap:NoncompeteAgreementsMember 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberus-gaap:SegmentContinuingOperationsMember 2017-04-30 0000730263 us-gaap:OperatingSegmentsMemberus-gaap:CorporateMemberus-gaap:SegmentContinuingOperationsMember 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:MotorizedMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2017-04-30 0000730263 us-gaap:OperatingSegmentsMembertho:TowablesMembertho:RecreationVehiclesMemberus-gaap:SegmentContinuingOperationsMember 2017-04-30 0000730263 us-gaap:FairValueInputsLevel1Member 2017-04-30 0000730263 us-gaap:RevolvingCreditFacilityMember 2017-04-30 0000730263 2017-04-30 0000730263 2016-04-30 0000730263 2017-01-31 0000730263 2016-01-31 0000730263 2017-05-31 0000730263 tho:JaycoCorpMember 2016-06-30 0000730263 tho:JaycoCorpMembertho:BacklogMember 2016-06-30 0000730263 tho:JaycoCorpMembertho:DealerNetworkMember 2016-06-30 0000730263 tho:JaycoCorpMemberus-gaap:TrademarksMember 2016-06-30 iso4217:USD shares iso4217:USD shares pure tho:Segment

EX-101.SCH 7 tho-20170430.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 103 - Statement - Condensed Consolidated Balance Sheets link:calculationLink link:presentationLink link:definitionLink 104 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 105 - Statement - Condensed Consolidated Statements of Income and Comprehensive Income link:calculationLink link:presentationLink link:definitionLink 106 - Statement - Condensed Consolidated Statements of Cash Flows link:calculationLink link:presentationLink link:definitionLink 107 - Disclosure - Nature of Operations and Accounting Policies link:calculationLink link:presentationLink link:definitionLink 108 - Disclosure - Acquisition link:calculationLink link:presentationLink link:definitionLink 109 - Disclosure - Business Segments link:calculationLink link:presentationLink link:definitionLink 110 - Disclosure - Earnings Per Common Share link:calculationLink link:presentationLink link:definitionLink 111 - Disclosure - Fair Value Measurements link:calculationLink link:presentationLink link:definitionLink 112 - Disclosure - Inventories link:calculationLink link:presentationLink link:definitionLink 113 - Disclosure - Property, Plant and Equipment link:calculationLink link:presentationLink link:definitionLink 114 - Disclosure - Intangible Assets and Goodwill link:calculationLink link:presentationLink link:definitionLink 115 - Disclosure - Concentration of Risk link:calculationLink link:presentationLink link:definitionLink 116 - Disclosure - Product Warranties link:calculationLink link:presentationLink link:definitionLink 117 - Disclosure - Long-Term Debt link:calculationLink link:presentationLink link:definitionLink 118 - Disclosure - Provision for Income Taxes link:calculationLink link:presentationLink link:definitionLink 119 - Disclosure - Contingent Liabilities, Commitments and Legal Matters link:calculationLink link:presentationLink link:definitionLink 120 - Disclosure - Stockholders' Equity link:calculationLink link:presentationLink link:definitionLink 121 - Disclosure - Nature of Operations and Accounting Policies (Policies) link:calculationLink link:presentationLink link:definitionLink 122 - Disclosure - Acquisition (Tables) link:calculationLink link:presentationLink link:definitionLink 123 - Disclosure - Business Segments (Tables) link:calculationLink link:presentationLink link:definitionLink 124 - Disclosure - Earnings Per Common Share (Tables) link:calculationLink link:presentationLink link:definitionLink 125 - Disclosure - Fair Value Measurements (Tables) link:calculationLink link:presentationLink link:definitionLink 126 - Disclosure - Inventories (Tables) link:calculationLink link:presentationLink link:definitionLink 127 - Disclosure - Property, Plant and Equipment (Tables) link:calculationLink link:presentationLink link:definitionLink 128 - Disclosure - Intangible Assets and Goodwill (Tables) link:calculationLink link:presentationLink link:definitionLink 129 - Disclosure - Product Warranties (Tables) link:calculationLink link:presentationLink link:definitionLink 130 - Disclosure - Contingent Liabilities, Commitments and Legal Matters (Tables) link:calculationLink link:presentationLink link:definitionLink 131 - Disclosure - Nature of Operations and Accounting Policies - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 132 - Disclosure - Acquisition - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 133 - Disclosure - Summary of Preliminary Fair Value Assigned to Net Assets Acquired (Detail) link:calculationLink link:presentationLink link:definitionLink 134 - Disclosure - Unaudited Pro Forma Information (Detail) link:calculationLink link:presentationLink link:definitionLink 135 - Disclosure - Business Segments - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 136 - Disclosure - Schedule of Segment Reporting Information by Segment (Detail) link:calculationLink link:presentationLink link:definitionLink 137 - Disclosure - Schedule of Segment Reporting Information, by Segment Balance Sheet Item (Detail) link:calculationLink link:presentationLink link:definitionLink 138 - Disclosure - Earnings Per Common Share (Detail) link:calculationLink link:presentationLink link:definitionLink 139 - Disclosure - Earnings Per Common Share - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 140 - Disclosure - Schedule of Fair Value, Assets Measured on Recurring Basis (Detail) link:calculationLink link:presentationLink link:definitionLink 141 - Disclosure - Schedule of Major Classifications of Inventories (Detail) link:calculationLink link:presentationLink link:definitionLink 142 - Disclosure - Inventories - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 143 - Disclosure - Property, Plant and Equipment (Detail) link:calculationLink link:presentationLink link:definitionLink 144 - Disclosure - Property, Plant and Equipment - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 145 - Disclosure - Components of Amortizable Intangible Assets, Net (Detail) link:calculationLink link:presentationLink link:definitionLink 146 - Disclosure - Estimated Amortization Expense (Detail) link:calculationLink link:presentationLink link:definitionLink 147 - Disclosure - Intangible Assets and Goodwill - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 148 - Disclosure - Concentration of Risk - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 149 - Disclosure - Product Warranties - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 150 - Disclosure - Schedule of Changes in Product Warranty Liabilities for Continuing Operations (Detail) link:calculationLink link:presentationLink link:definitionLink 151 - Disclosure - Long - Term Debt - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 152 - Disclosure - Provision for Income Taxes - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 153 - Disclosure - Contingent Liabilities, Commitments and Legal Matters - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 154 - Disclosure - Losses Due to Repurchases Related to Repurchase Agreements (Detail) link:calculationLink link:presentationLink link:definitionLink 155 - Disclosure - Stockholders' Equity - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 8 tho-20170430_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 tho-20170430_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 tho-20170430_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Accounting Policies [Abstract] Accounting Policies [Abstract] Accounts and Other Receivables, Net, Current Accounts receivable, other, net Accounts Payable, Current Accounts payable Accounts Receivable [Member] Accounts Receivable Accounts Receivable, Net, Current Accounts receivable, trade, less allowance for doubtful accounts of $659 and $625, respectively Accrued Liabilities, Current [Abstract] Accrued liabilities: Accrued Marketing Costs, Current Promotions and rebates Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Accumulated depreciation Less accumulated depreciation Acquired Finite-lived Intangible Assets, Weighted Average Useful Life Amortizable intangible assets, weighted average useful life Additional Paid in Capital, Common Stock Additional paid-in capital Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by operating activities: Other Segments [Member] Other Allowance for Doubtful Accounts Receivable, Current Allowance for doubtful accounts Amendment Flag Amendment Flag Amortization of Debt Issuance Costs Amortization of debt issuance costs Fees to secure the facility, amortized amount Amortization of Intangible Assets Amortization of intangible assets Amortization Period For Collateral Fees Amortization Period For Collateral Fees Fees to secure the facility, amortization period Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Antidilutive stock options, unvested restricted stock and restricted stock units outstanding Assets Total assets TOTAL ASSETS Assets [Abstract] ASSETS Assets, Current Total current assets Assets, Current [Abstract] Current assets: Assets Held under Capital Leases [Member] Assets Held under Capital Leases Award Type [Axis] Award Type [Axis] Backlog [Member] Backlog [Member] Backlog Base Rate And Libor Member Base Rate And Libor Member LIBOR and base rate Building and Building Improvements [Member] Building and Building Improvements Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Date of Acquisition Agreement Asset purchase agreement date Business Acquisition, Effective Date of Acquisition Asset purchase effective date Business Acquisition [Line Items] Business Acquisition [Line Items] Business Acquisition, Pro Forma Earnings Per Share, Basic Basic earnings per common share Business Acquisition, Pro Forma Earnings Per Share, Diluted Diluted earnings per common share Business Acquisition, Pro Forma Information [Table Text Block] Unaudited Pro Forma Information Business Acquisition Purchase Price Adjustments Business Acquisition Purchase Price Adjustments Purchase price adjustment Business Acquisition, Pro Forma Net Income (Loss) Net income Business Acquisition, Pro Forma Revenue Net sales Business Combination Disclosure [Text Block] Acquisition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents Cash Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other Other current assets Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities Current liabilities Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill Business acquisition allocated to amortizing intangible asset Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment Property, plant and equipment Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net Total fair value of net assets acquired Business Combinations [Abstract] Business Combinations [Abstract] Business Combination, Separately Recognized Transactions [Axis] Business Combination, Separately Recognized Transactions [Axis] Business Combination, Separately Recognized Transactions [Domain] Business Combination, Separately Recognized Transactions [Domain] Capital Expenditures Incurred but Not yet Paid Capital expenditures in accounts payable Cash Acquired from Acquisition Less cash acquired Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents, end of period Cash and cash equivalents, beginning of period Cash and cash equivalents Cash and Cash Equivalents, Fair Value Disclosure Cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Net increase (decrease) in cash and cash equivalents Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Non-cash transactions: Commitments and Contingencies Contingent liabilities and commitments Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Disclosure [Text Block] Contingent Liabilities, Commitments and Legal Matters Common Stock, Dividends, Per Share, Cash Paid Regular dividends declared and paid per common share Common Stock, Par or Stated Value Per Share Common stock, par value Common Stock, Shares Authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock, shares issued Common Stock, Value, Issued Common stock - par value of $.10 per share; authorized 250,000,000 shares; issued 62,597,110 and 62,439,795 shares, respectively Comprehensive Income (Loss), Net of Tax, Attributable to Parent Net income and comprehensive income Concentration Risk Benchmark [Domain] Concentration Risk Benchmark [Domain] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Axis] Concentration Risk Type [Axis] Concentration Risk Type [Axis] Concentration Risk Disclosure [Text Block] Concentration of Risk Concentration Risk [Line Items] Concentration Risk [Line Items] Concentration Risk, Percentage Concentration risk percentage Concentration Risk [Table] Concentration Risk [Table] Concentration Risk Type [Domain] Concentration Risk Type [Domain] Consideration Funded By Credit Facility [Member] Consideration Funded By Credit Facility [Member] Consideration Funded By Credit Facility Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Corporate Segment [Member] Corporate Cost of Goods and Services Sold Cost of products sold Cost of units repurchased Cost of Units Repurchased Cost of units repurchased Credit Facility [Axis] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Current Fiscal Year End Date Current Fiscal Year End Date Dealer Network and Customer Relationships [Member] Dealer Network and Customer Relationships [Member] Dealer Network/Customer Relationships Dealer Network [Member] Dealer Network [Member] Dealer Networks Debt Disclosure [Abstract] Debt Disclosure [Abstract] Decrease in Unrecognized Tax Benefits is Reasonably Possible Expected decrease in unrecognized tax benefits due to resolution of uncertain tax positions Debt Issuance Costs, Net Fees to secure the facility, unamortized amount Deferred Tax Assets, Net of Valuation Allowance, Noncurrent Deferred income taxes, net Defined Benefit Plan, Fair Value of Plan Assets Deferred compensation plan assets Depreciation Depreciation Depreciation, Depletion and Amortization Depreciation and amortization expense, total Design Technology And Other Intangibles [Member] Design Technology And Other Intangibles [Member] Design Technology and Other Intangibles Document And Entity Information [Abstract] Document And Entity Information [Abstract] Document And Entity Information [Abstract] Document Fiscal Period Focus Document Fiscal Period Focus Document Fiscal Year Focus Document Fiscal Year Focus Document Period End Date Document Period End Date Document Type Document Type Earnings Per Share [Abstract] Earnings per common share: Earnings Per Share, Basic Basic Earnings Per Share, Diluted Diluted Earnings per share from continuing operations [Abstract] Earnings per share from continuing operations [Abstract] Earnings per common share from continuing operations: Earnings Per Share [Text Block] Earnings Per Common Share Effective Income Tax Rate Reconciliation, Percent Effective income tax rate Employee-related Liabilities, Current Compensation and related items Entity Central Index Key Entity Central Index Key Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Entity Filer Category Entity Filer Category Entity Registrant Name Entity Registrant Name Equity [Abstract] Equity [Abstract] Excess of Replacement or Current Costs over Stated LIFO Value Excess of FIFO costs over LIFO costs Excess Tax Benefit from Share-based Compensation, Financing Activities Excess tax benefits from stock-based awards Excess Tax Benefit from Share-based Compensation, Operating Activities Excess tax benefits from stock-based awards Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value, Assets Measured on Recurring Basis [Table Text Block] Schedule of Fair Value, Assets Measured on Recurring Basis Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value Disclosures [Abstract] Fair Value Disclosures [Abstract] Fair Value Disclosures [Text Block] Fair Value Measurements Fair Value, Inputs, Level 1 [Member] Level 1 Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] FIFO Inventory Amount Subsidiaries valued inventory in first-in, first-out method Finite-Lived Intangible Assets, Accumulated Amortization Accumulated Amortization Finite-Lived Intangible Assets, Amortization Expense, after Year Five Estimated annual amortization expense, For the fiscal year ending July 31, 2022 and thereafter Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months Estimated annual amortization expense, For the fiscal year ending July 31, 2017 Finite-Lived Intangible Assets, Amortization Expense, Year Five Estimated annual amortization expense, For the fiscal year ending July 31, 2021 Finite-Lived Intangible Assets, Amortization Expense, Year Four Estimated annual amortization expense, For the fiscal year ending July 31, 2020 Finite-Lived Intangible Assets, Amortization Expense, Year Three Estimated annual amortization expense, For the fiscal year ending July 31, 2019 Finite-Lived Intangible Assets, Amortization Expense, Year Two Estimated annual amortization expense, For the fiscal year ending July 31, 2018 Finite-Lived Intangible Assets, Amortization Method Amortizable intangible assets, amortization method Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Gross Cost Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Net Amortizable intangible assets, net Finite Lived Intangible Assets Net Including Immaterial Business Acquisition Intangibles Finite Lived Intangible Assets Net Including Immaterial Business Acquisition Intangibles Estimated annual amortization expense, Total Finite-Lived Intangible Asset, Useful Life Intangible assets amortization period Weighted Average Remaining Life Freedom Roads [Member] Freedom Roads [Member] Freedom Roads, LLC Gain (Loss) on Disposition of Property Plant Equipment (Gain) loss on disposition of property, plant and equipment Goodwill Goodwill Goodwill and Intangible Assets Disclosure [Abstract] Goodwill and Intangible Assets Disclosure [Abstract] Goodwill and Intangible Assets Disclosure [Text Block] Intangible Assets and Goodwill Goodwill, Impairment Loss Pre-tax, non-cash goodwill impairment charge Gross Profit Gross profit Guarantor Obligations, Nature [Axis] Guarantor Obligations, Nature [Axis] Guarantor Obligations, Nature [Domain] Guarantor Obligations, Nature [Domain] Guarantees [Abstract] Guarantees [Abstract] Impairment of Long-Lived Assets to be Disposed of Impairment charges Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent Net income from continuing operations Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income (loss) from continuing operations before income taxes Income from continuing operations before income taxes Income (Loss) from Continuing Operations, Per Basic Share Basic Income (Loss) from Continuing Operations, Per Diluted Share Diluted Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest Loss from discontinued operations, net of income taxes Income Statement [Abstract] Income Statement [Abstract] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Income Tax Disclosure [Abstract] Income Tax Disclosure [Abstract] Income Tax Disclosure [Text Block] Provision for Income Taxes Income Taxes Paid Income taxes paid Income Tax Expense (Benefit) Income taxes Increase (Decrease) in Accounts Payable Accounts payable Increase (Decrease) in Accounts Receivable Accounts receivable Increase (Decrease) in Accrued Liabilities Accrued liabilities Increase (Decrease) in Deferred Income Taxes Deferred income tax benefit Increase (Decrease) in Interest Payable, Net Expected decrease in interest due to resolution of uncertain tax positions Increase (Decrease) in Inventories Inventories Increase (Decrease) in Operating Capital [Abstract] Changes in assets and liabilities (excluding acquisitions): Increase (Decrease) in Other Operating Liabilities Other liabilities Increase (Decrease) in Prepaid Expense and Other Assets Prepaid income taxes, expenses and other Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements Unvested restricted stock and restricted stock units Intangible Assets And Goodwill [Line Items] Intangible Assets And Goodwill [Line Items] Intangible Assets And Goodwill [Line Items] Interest Expense Interest expense Interest Expense [Member] Interest expense Interest Paid Interest paid Intersegment Eliminations [Member] Intercompany Eliminations Carrying amount as of balance sheet date of major components of certain assembled products. Inventory Chassis Chassis Inventory, Current [Table] Inventory, Current [Table] Inventory Disclosure [Abstract] Inventory Disclosure [Abstract] Inventory Disclosure [Text Block] Inventories Inventory, Finished Goods, Gross Finished goods Inventory, Gross Inventories Total Inventory [Line Items] Inventory [Line Items] Inventory, Net Inventories, net Total inventories, net Inventory, Raw Materials, Gross Raw materials Inventory, Work in Process, Gross Work in process Investment Income, Interest Interest income Jayco Corp [Member] Jayco Corp [Member] Jayco, Corp. Land [Member] Land Liabilities and Equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities and Equity [Abstract] LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities, Current Total current liabilities Liabilities, Current [Abstract] Current liabilities: Liabilities, Noncurrent Total long-term liabilities LIFO Inventory Amount Subsidiaries valued inventory in last-in, first-out method Line of Credit Facility, Collateral Fees, Amount Fees to secure the facility, amount incurred Line of Credit Facility, Expiration Date Line of credit, maturity date Line of Credit Facility, Expiration Period Line of credit, maturity period EX-101.PRE 11 tho-20170430_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 12 g380672tx001.jpg GRAPHIC begin 644 g380672tx001.jpg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end XML 13 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Apr. 30, 2017	May 31, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Trading Symbol	THO
Entity Registrant Name	THOR INDUSTRIES INC
Entity Central Index Key	0000730263
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		52,586,041

XML 14 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 189,411	$ 209,902
Accounts receivable, trade, less allowance for doubtful accounts of $659 and $625, respectively	579,419	370,085
Accounts receivable, other, net	36,906	22,454
Inventories, net	459,668	403,869
Prepaid income taxes, expenses and other	5,961	10,548
Total current assets	1,271,365	1,016,858
Property, plant and equipment, net	394,818	344,267
Other assets:
Goodwill	377,693	377,693
Amortizable intangible assets, net	458,681	507,391
Deferred income taxes, net	62,678	53,417
Other	34,841	25,838
Total other assets	933,893	964,339
TOTAL ASSETS	2,600,076	2,325,464
Current liabilities:
Accounts payable	343,453	263,774
Accrued liabilities:
Compensation and related items	96,315	81,159
Product warranties	214,918	201,840
Income and other taxes	34,816	25,531
Promotions and rebates	46,897	40,452
Product, property and related liabilities	15,507	15,969
Other	26,541	22,927
Total current liabilities	778,447	651,652
Long-term debt	295,000	360,000
Unrecognized tax benefits	8,988	9,975
Other liabilities	45,683	38,615
Total long-term liabilities	349,671	408,590
Contingent liabilities and commitments
Stockholders' equity:
Preferred stock - authorized 1,000,000 shares; none outstanding
Common stock - par value of $.10 per share; authorized 250,000,000 shares; issued 62,597,110 and 62,439,795 shares, respectively	6,260	6,244
Additional paid-in capital	233,055	224,496
Retained earnings	1,568,714	1,365,981
Less treasury shares of 10,011,069 and 9,957,180, respectively, at cost	(336,071)	(331,499)
Total stockholders' equity	1,471,958	1,265,222
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,600,076	$ 2,325,464

XML 15 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 659	$ 625
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	62,597,110	62,439,795
Treasury, shares	10,011,069	9,957,180

XML 16 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Income Statement [Abstract]
Net sales	$ 2,015,224	$ 1,284,054	$ 5,312,280	$ 3,289,476
Cost of products sold	1,721,383	1,082,117	4,569,985	2,786,501
Gross profit	293,841	201,937	742,295	502,975
Selling, general and administrative expenses	111,122	80,833	310,401	216,653
Amortization of intangible assets	15,216	5,780	48,710	17,662
Impairment charges				9,113
Interest income	205	230	535	473
Interest expense	2,547	166	7,593	508
Other income, net	1,070	895	4,270	350
Income from continuing operations before income taxes	166,231	116,283	380,396	259,862
Income taxes	54,968	37,090	125,606	84,686
Net income from continuing operations	111,263	79,193	254,790	175,176
Loss from discontinued operations, net of income taxes		(611)		(1,429)
Net income and comprehensive income	$ 111,263	$ 78,582	$ 254,790	$ 173,747
Weighted-average common shares outstanding:
Basic	52,582,134	52,474,801	52,555,792	52,453,025
Diluted	52,773,106	52,601,673	52,739,716	52,569,294
Earnings per common share from continuing operations:
Basic	$ 2.12	$ 1.51	$ 4.85	$ 3.34
Diluted	2.11	1.51	4.83	3.33
Earnings per common share:
Basic	2.12	1.50	4.85	3.31
Diluted	2.11	1.49	4.83	3.31
Regular dividends declared and paid per common share	$ 0.33	$ 0.30	$ 0.99	$ 0.90

XML 17 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net income	$ 254,790	$ 173,747
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	25,588	17,451
Amortization of intangible assets	48,710	17,662
Amortization of debt issuance costs	1,177
Impairment charges		9,113
Deferred income tax benefit	(9,261)	(1,379)
(Gain) loss on disposition of property, plant and equipment	(2,246)	20
Stock-based compensation expense	9,058	6,991
Excess tax benefits from stock-based awards		(291)
Changes in assets and liabilities (excluding acquisitions):
Accounts receivable	(223,186)	(112,112)
Inventories	(55,799)	(29,137)
Prepaid income taxes, expenses and other	(4,612)	(2,010)
Accounts payable	85,651	35,084
Accrued liabilities	46,604	28,523
Other liabilities	6,360	1,246
Net cash provided by operating activities	182,834	144,908
Cash flows from investing activities:
Purchases of property, plant and equipment	(79,456)	(39,411)
Proceeds from dispositions of property, plant and equipment	4,630	236
Proceeds from notes receivable		8,367
Acquisitions	(5,039)
Other	(1,581)	(613)
Net cash used in investing activities	(81,446)	(31,421)
Cash flows from financing activities:
Principal payments on revolving credit facility	(65,000)
Regular cash dividends paid	(52,057)	(47,227)
Principal payments on capital lease obligations	(250)	(248)
Excess tax benefits from stock-based awards		291
Payments related to vesting of stock-based awards	(4,572)	(2,484)
Net cash used in financing activities	(121,879)	(49,668)
Net increase (decrease) in cash and cash equivalents	(20,491)	63,819
Cash and cash equivalents, beginning of period	209,902	183,478
Cash and cash equivalents, end of period	189,411	247,297
Supplemental cash flow information:
Income taxes paid	130,802	85,702
Interest paid	6,652	508
Non-cash transactions:
Capital expenditures in accounts payable	$ 2,605	$ 963

XML 18 R6.htm IDEA: XBRL DOCUMENT

Nature of Operations and Accounting Policies

9 Months Ended

Apr. 30, 2017

Accounting Policies [Abstract]

Nature of Operations and Accounting Policies

1.	Nature of Operations and Accounting Policies

Nature of Operations

Accounting Pronouncements

XML 19 R7.htm IDEA: XBRL DOCUMENT

Acquisition

9 Months Ended

Apr. 30, 2017

Business Combinations [Abstract]

Acquisition

2.	Acquisition

Jayco, Corp.


Cash	$	18,409
Other current assets		258,158
Property, plant and equipment		80,824
Dealer network		261,100
Trademarks		92,800
Backlog		12,400
Goodwill		74,184
Current liabilities		(216,776	)

Total fair value of net assets acquired		581,099
Less cash acquired		(18,409	)

Total cash consideration for acquisition, less cash acquired	$	562,690


	Three Months Ended April 30, 2016		Nine Months Ended April 30, 2016
Net sales	$	1,756,991	$	4,553,747
Net income	$	89,847	$	195,337
Basic earnings per common share	$	1.71	$	3.72
Diluted earnings per common share	$	1.71	$	3.72

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1524-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4922-128472

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4934-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4926-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=73530397&loc=SL65897772-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

XML 20 R8.htm IDEA: XBRL DOCUMENT

Business Segments

9 Months Ended

Apr. 30, 2017

Segment Reporting [Abstract]

Business Segments

3.	Business Segments


	Three Months Ended April 30,						Nine Months Ended April 30,
Net sales:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	1,426,192		$	934,574		$	3,719,314		$	2,377,571
Motorized		549,883			307,630			1,486,309			801,596

Total recreational vehicles		1,976,075			1,242,204			5,205,623			3,179,167
Other		70,019			61,572			182,906			159,965
Intercompany eliminations		(30,870	)		(19,722	)		(76,249	)		(49,656	)

Total	$	2,015,224		$	1,284,054		$	5,312,280		$	3,289,476


	Three Months Ended April 30,						Nine Months Ended April 30,
Income (loss) from continuing operations before income taxes:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	134,504		$	96,893		$	306,677		$	213,186
Motorized		37,356			24,115			94,767			66,287

Total recreational vehicles		171,860			121,008			401,444			279,473
Other, net		8,713			6,441			20,787			12,107
Corporate		(14,342	)		(11,166	)		(41,835	)		(31,718	)

Total	$	166,231		$	116,283		$	380,396		$	259,862


Total assets:							April 30, 2017			July 31, 2016
Recreational vehicles
Towables							$	1,589,720		$	1,425,168
Motorized								559,725			476,973

Total recreational vehicles								2,149,445			1,902,141
Other, net								154,965			156,822
Corporate								295,666			266,501

Total							$	2,600,076		$	2,325,464


	Three Months Ended April 30,				Nine Months Ended April 30,
Depreciation and intangible amortization expense:	2017		2016		2017		2016
Recreational vehicles
Towables	$	18,213	$	8,212	$	57,377	$	23,066
Motorized		2,316		670		6,905		1,960

Total recreational vehicles		20,529		8,882		64,282		25,026
Other		3,021		3,105		9,037		9,234
Corporate		343		286		979		853

Total	$	23,893	$	12,273	$	74,298	$	35,113


	Three Months Ended April 30,				Nine Months Ended April 30,
Capital acquisitions:	2017		2016		2017		2016
Recreational vehicles
Towables	$	15,559	$	9,480	$	51,877	$	27,768
Motorized		12,134		4,569		24,179		6,885

Total recreational vehicles		27,693		14,049		76,056		34,653
Other		163		340		773		2,519
Corporate		377		861		1,694		1,662

Total	$	28,233	$	15,250	$	78,523	$	38,834

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

XML 21 R9.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share

9 Months Ended

Apr. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Common Share

4.	Earnings Per Common Share


	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Weighted-average common shares outstanding for basic earnings per common share		52,582,134		52,474,801		52,555,792		52,453,025
Unvested restricted stock and restricted stock units		190,972		126,872		183,924		116,269

Weighted-average common shares outstanding for diluted earnings per common share		52,773,106		52,601,673		52,739,716		52,569,294

XML 22 R10.htm IDEA: XBRL DOCUMENT

Fair Value Measurements

9 Months Ended

Apr. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

5.	Fair Value Measurements

The financial assets that were accounted for at fair value on a recurring basis at April 30, 2017 and July 31, 2016, all using Level 1 inputs, are as follows:


	April 30, 2017		July 31, 2016
Cash equivalents	$	138,904	$	143,282
Deferred compensation plan assets	$	24,970	$	15,529

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

XML 23 R11.htm IDEA: XBRL DOCUMENT

Inventories

9 Months Ended

Apr. 30, 2017

Inventory Disclosure [Abstract]

Inventories

6.	Inventories

Major classifications of inventories are as follows:


	April 30, 2017			July 31, 2016
Finished goods – RV	$	27,394		$	39,943
Finished goods – other		24,901			20,141
Work in process		128,493			97,872
Raw materials		209,501			173,362
Chassis		101,389			102,686

Total		491,678			434,004
Excess of FIFO costs over LIFO costs		(32,010	)		(30,135	)

Total inventories, net	$	459,668		$	403,869

XML 24 R12.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment

9 Months Ended

Apr. 30, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

7.	Property, Plant and Equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation, and consists of the following:


	April 30, 2017			July 31, 2016
Land	$	48,553		$	46,422
Buildings and improvements		349,335			300,902
Machinery and equipment		155,152			133,112

Total cost		553,040			480,436
Less accumulated depreciation		(158,222	)		(136,169	)

Property, plant and equipment, net	$	394,818		$	344,267

XML 25 R13.htm IDEA: XBRL DOCUMENT

Intangible Assets and Goodwill

9 Months Ended

Apr. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

8.	Intangible Assets and Goodwill

The components of amortizable intangible assets, net, are as follows:


	Weighted-Average
	Remaining		April 30, 2017				July 31, 2016
	Life in Years at		Cost		Accumulated		Cost		Accumulated
	April 30, 2017		Cost		Amortization		Cost		Amortization
Dealer networks/customer relationships		16	$	404,960	$	88,844	$	404,960	$	55,191
Trademarks		19		148,117		16,187		148,117		10,539
Design technology and other intangibles		8		19,300		8,845		22,400		10,870
Non-compete agreements		2		450		270		450		203
Backlog		—		—		—		12,400		4,133

Total amortizable intangible assets			$	572,827	$	114,146	$	588,327	$	80,936

Estimated annual amortization expense is as follows:


For the fiscal year ending July 31, 2017	$	63,925
For the fiscal year ending July 31, 2018		54,463
For the fiscal year ending July 31, 2019		50,367
For the fiscal year ending July 31, 2020		46,480
For the fiscal year ending July 31, 2021		43,131
For the fiscal year ending July 31, 2022 and thereafter		249,025

	$	507,391

Of the recorded goodwill of $377,693 at both April 30, 2017 and July 31, 2016, $334,822 resides in the towable recreational vehicle segment and $42,871 resides in the other non-reportable segment.

The Company completed its annual goodwill impairment test as of April 30, 2017 and no impairment of goodwill was identified.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

XML 26 R14.htm IDEA: XBRL DOCUMENT

Concentration of Risk

9 Months Ended

Apr. 30, 2017

Risks and Uncertainties [Abstract]

Concentration of Risk

9.	Concentration of Risk

XML 27 R15.htm IDEA: XBRL DOCUMENT

Product Warranties

9 Months Ended

Apr. 30, 2017

Guarantees [Abstract]

Product Warranties

10.

Product Warranties

Changes in our product warranty reserves are as follows:


	Three Months Ended April 30,						Nine Months Ended April 30,
	2017			2016			2017			2016
Beginning balance	$	209,173		$	106,260		$	201,840		$	108,206
Provision		50,358			33,853			146,454			85,369
Payments		(44,613	)		(27,492	)		(133,376	)		(80,954	)

Ending balance	$	214,918		$	112,621		$	214,918		$	112,621

XML 28 R16.htm IDEA: XBRL DOCUMENT

Long-Term Debt

9 Months Ended

Apr. 30, 2017

Debt Disclosure [Abstract]

Long-Term Debt

11.

Long-Term Debt

XML 29 R17.htm IDEA: XBRL DOCUMENT

Provision for Income Taxes

9 Months Ended

Apr. 30, 2017

Income Tax Disclosure [Abstract]

Provision for Income Taxes

12.

Provision for Income Taxes

XML 30 R18.htm IDEA: XBRL DOCUMENT

Contingent Liabilities, Commitments and Legal Matters

9 Months Ended

Apr. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Contingent Liabilities, Commitments and Legal Matters

13.

Contingent Liabilities, Commitments and Legal Matters


	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Cost of units repurchased	$	977	$	1,961	$	3,835	$	2,969
Realization of units resold		930		1,524		3,592		2,400

Losses due to repurchase	$	47	$	437	$	243	$	569

XML 31 R19.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

9 Months Ended

Apr. 30, 2017

Equity [Abstract]

Stockholders' Equity

14.

Stockholders’ Equity

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

XML 32 R20.htm IDEA: XBRL DOCUMENT

Nature of Operations and Accounting Policies (Policies)	9 Months Ended
Nature of Operations and Accounting Policies (Policies)	Apr. 30, 2017
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Thor Industries, Inc. was founded in 1980 and, through its subsidiaries (collectively, the “Company”), manufactures a wide range of recreational vehicles (“RVs”) in the United States at various manufacturing facilities located primarily in Indiana and Ohio, with additional facilities in Oregon and Idaho. These products are sold to independent, non-franchise dealers primarily throughout the United States and Canada. Unless the context requires or indicates otherwise, all references to “Thor”, the “Company”, “we”, “our” and “us” refer to Thor Industries, Inc. and its subsidiaries. The July 31, 2016 amounts are derived from the annual audited financial statements. The interim financial statements are unaudited. In the opinion of management, all adjustments (which consist of normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented have been made. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2016. Due to seasonality within the recreational vehicle industry, annualizing the results of operations for the nine months ended April 30, 2017 would not necessarily be indicative of the results for a full fiscal year.
Accounting Pronouncements	Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge (referred to as Step 2 in the goodwill impairment test). Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment charge equal to that excess shall be recognized, not to exceed the amount of goodwill allocated to the reporting unit. The standard is effective for annual and any interim impairment tests for periods beginning after December 15, 2019, with early adoption permitted after January 1, 2017. The standard is effective for the Company in its fiscal year 2021 beginning on August 1, 2020. The Company is currently evaluating the impact of this standard on its consolidated financial statements, which will depend on the outcomes of future goodwill impairment tests. In March 2016, the FASB issued Accounting Standards Update No. 2016-09 (“ASU 2016-09”) “Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for the related income taxes, forfeitures, statutory tax withholding requirements and classification in the statement of cash flows. ASU 2016-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods. Early adoption is permitted and the Company adopted the provisions of ASU 2016-09 as of August 1, 2016. Applicable provisions of the standard have been adopted prospectively as allowed under the standard. The provisions related to income taxes resulted in a tax benefit of $0 and $1,843 for the three and nine months ended April 30, 2017, respectively. The Company did not change its policy related to forfeitures, which is estimated based on historical forfeiture rates over the vesting period of employee awards. Provisions related to the statement of cash flows have been adopted prospectively and result in the recognition of the excess tax benefits from share-based awards being reflected in cash provided by operating activities. In September 2015, the FASB issued Accounting Standards Update No. 2015-16 (“ASU 2015-16”) “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments,” to simplify the accounting for measurement-period adjustments in a business combination. Under the new standard, an acquirer must recognize adjustments to provisional amounts in a business combination in the reporting period in which the adjustment amounts are determined, rather than retrospectively adjusting the provisional amounts recognized at the acquisition date with a corresponding adjustment to goodwill as under current guidance. ASU 2015-16 is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2015. The Company adopted ASU 2015-16 on August 1, 2016 and there was no impact upon adoption of this standard. In July 2015, the FASB issued Accounting Standards Update No. 2015-11 (“ASU 2015-11”) “Inventory (Topic 330): Simplifying the Measurement of Inventory.” ASU 2015-11 requires inventory measured using any method other than last-in, first-out (“LIFO”) or the retail inventory method to be subsequently measured at the lower of cost or net realizable value, rather than at the lower of cost or market. Under this ASU, subsequent measurement of inventory using the LIFO and retail inventory method is unchanged. ASU 2015-11 is effective prospectively for fiscal years, and for interim periods within those years, beginning after December 15, 2016. The standard is effective for the Company in its fiscal year 2018 beginning on August 1, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update No. 2014-09 “Revenue from Contracts with Customers (Topic 606),” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This standard will supersede most current revenue recognition guidance. Under the new standard, entities are required to identify the contract with a customer, identify the separate performance obligations in the contract, determine the transaction price, allocate the transaction price to the separate performance obligations in the contract and recognize the appropriate amount of revenue when (or as) the entity satisfies each performance obligation. The standard is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2017. The standard is effective for the Company in its fiscal year 2019 beginning on August 1, 2018. Entities have the option of using either retrospective transition or a modified approach in applying the new standard. The Company is currently evaluating the approach it will use to apply the new standard and the impact that the adoption of the new standard will have on the Company’s consolidated financial statements.

XML 33 R21.htm IDEA: XBRL DOCUMENT

Acquisition (Tables)

9 Months Ended

Apr. 30, 2017

Unaudited Pro Forma Information


	Three Months Ended April 30, 2016		Nine Months Ended April 30, 2016
Net sales	$	1,756,991	$	4,553,747
Net income	$	89,847	$	195,337
Basic earnings per common share	$	1.71	$	3.72
Diluted earnings per common share	$	1.71	$	3.72

Jayco, Corp.

Summary of Preliminary Fair Value Assigned to Assets Acquired


Cash	$	18,409
Other current assets		258,158
Property, plant and equipment		80,824
Dealer network		261,100
Trademarks		92,800
Backlog		12,400
Goodwill		74,184
Current liabilities		(216,776	)

Total fair value of net assets acquired		581,099
Less cash acquired		(18,409	)

Total cash consideration for acquisition, less cash acquired	$	562,690

XML 34 R22.htm IDEA: XBRL DOCUMENT

Business Segments (Tables)

9 Months Ended

Apr. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment


	Three Months Ended April 30,						Nine Months Ended April 30,
Net sales:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	1,426,192		$	934,574		$	3,719,314		$	2,377,571
Motorized		549,883			307,630			1,486,309			801,596

Total recreational vehicles		1,976,075			1,242,204			5,205,623			3,179,167
Other		70,019			61,572			182,906			159,965
Intercompany eliminations		(30,870	)		(19,722	)		(76,249	)		(49,656	)

Total	$	2,015,224		$	1,284,054		$	5,312,280		$	3,289,476


	Three Months Ended April 30,						Nine Months Ended April 30,
Income (loss) from continuing operations before income taxes:	2017			2016			2017			2016
Recreational vehicles:
Towables	$	134,504		$	96,893		$	306,677		$	213,186
Motorized		37,356			24,115			94,767			66,287

Total recreational vehicles		171,860			121,008			401,444			279,473
Other, net		8,713			6,441			20,787			12,107
Corporate		(14,342	)		(11,166	)		(41,835	)		(31,718	)

Total	$	166,231		$	116,283		$	380,396		$	259,862


Total assets:							April 30, 2017			July 31, 2016
Recreational vehicles
Towables							$	1,589,720		$	1,425,168
Motorized								559,725			476,973

Total recreational vehicles								2,149,445			1,902,141
Other, net								154,965			156,822
Corporate								295,666			266,501

Total							$	2,600,076		$	2,325,464


	Three Months Ended April 30,				Nine Months Ended April 30,
Depreciation and intangible amortization expense:	2017		2016		2017		2016
Recreational vehicles
Towables	$	18,213	$	8,212	$	57,377	$	23,066
Motorized		2,316		670		6,905		1,960

Total recreational vehicles		20,529		8,882		64,282		25,026
Other		3,021		3,105		9,037		9,234
Corporate		343		286		979		853

Total	$	23,893	$	12,273	$	74,298	$	35,113


	Three Months Ended April 30,				Nine Months Ended April 30,
Capital acquisitions:	2017		2016		2017		2016
Recreational vehicles
Towables	$	15,559	$	9,480	$	51,877	$	27,768
Motorized		12,134		4,569		24,179		6,885

Total recreational vehicles		27,693		14,049		76,056		34,653
Other		163		340		773		2,519
Corporate		377		861		1,694		1,662

Total	$	28,233	$	15,250	$	78,523	$	38,834

XML 35 R23.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share (Tables)

9 Months Ended

Apr. 30, 2017

Earnings Per Share [Abstract]

Schedule of Earnings Per Common Share


	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Weighted-average common shares outstanding for basic earnings per common share		52,582,134		52,474,801		52,555,792		52,453,025
Unvested restricted stock and restricted stock units		190,972		126,872		183,924		116,269

Weighted-average common shares outstanding for diluted earnings per common share		52,773,106		52,601,673		52,739,716		52,569,294

XML 36 R24.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The financial assets that were accounted for at fair value on a recurring basis at April 30, 2017 and July 31, 2016, all using Level 1 inputs, are as follows:


	April 30, 2017		July 31, 2016
Cash equivalents	$	138,904	$	143,282
Deferred compensation plan assets	$	24,970	$	15,529

XML 37 R25.htm IDEA: XBRL DOCUMENT

Inventories (Tables)

9 Months Ended

Apr. 30, 2017

Inventory Disclosure [Abstract]

Schedule of Major Classifications of Inventories

Major classifications of inventories are as follows:


	April 30, 2017			July 31, 2016
Finished goods – RV	$	27,394		$	39,943
Finished goods – other		24,901			20,141
Work in process		128,493			97,872
Raw materials		209,501			173,362
Chassis		101,389			102,686

Total		491,678			434,004
Excess of FIFO costs over LIFO costs		(32,010	)		(30,135	)

Total inventories, net	$	459,668		$	403,869

XML 38 R26.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment (Tables)

9 Months Ended

Apr. 30, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation, and consists of the following:


	April 30, 2017			July 31, 2016
Land	$	48,553		$	46,422
Buildings and improvements		349,335			300,902
Machinery and equipment		155,152			133,112

Total cost		553,040			480,436
Less accumulated depreciation		(158,222	)		(136,169	)

Property, plant and equipment, net	$	394,818		$	344,267

XML 39 R27.htm IDEA: XBRL DOCUMENT

Intangible Assets and Goodwill (Tables)

9 Months Ended

Apr. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Amortizable Intangible Assets, Net

The components of amortizable intangible assets, net, are as follows:


	Weighted-Average
	Remaining		April 30, 2017				July 31, 2016
	Life in Years at		Cost		Accumulated		Cost		Accumulated
	April 30, 2017		Cost		Amortization		Cost		Amortization
Dealer networks/customer relationships		16	$	404,960	$	88,844	$	404,960	$	55,191
Trademarks		19		148,117		16,187		148,117		10,539
Design technology and other intangibles		8		19,300		8,845		22,400		10,870
Non-compete agreements		2		450		270		450		203
Backlog		—		—		—		12,400		4,133

Total amortizable intangible assets			$	572,827	$	114,146	$	588,327	$	80,936

Estimated Amortization Expense

Estimated annual amortization expense is as follows:


For the fiscal year ending July 31, 2017	$	63,925
For the fiscal year ending July 31, 2018		54,463
For the fiscal year ending July 31, 2019		50,367
For the fiscal year ending July 31, 2020		46,480
For the fiscal year ending July 31, 2021		43,131
For the fiscal year ending July 31, 2022 and thereafter		249,025

	$	507,391

XML 40 R28.htm IDEA: XBRL DOCUMENT

Product Warranties (Tables)

9 Months Ended

Apr. 30, 2017

Guarantees [Abstract]

Schedule of Changes in Product Warranty Liabilities

Changes in our product warranty reserves are as follows:


	Three Months Ended April 30,						Nine Months Ended April 30,
	2017			2016			2017			2016
Beginning balance	$	209,173		$	106,260		$	201,840		$	108,206
Provision		50,358			33,853			146,454			85,369
Payments		(44,613	)		(27,492	)		(133,376	)		(80,954	)

Ending balance	$	214,918		$	112,621		$	214,918		$	112,621

XML 41 R29.htm IDEA: XBRL DOCUMENT

Contingent Liabilities, Commitments and Legal Matters (Tables)

9 Months Ended

Apr. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Losses Due to Repurchases Related to Repurchase Agreements


	Three Months Ended April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Cost of units repurchased	$	977	$	1,961	$	3,835	$	2,969
Realization of units resold		930		1,524		3,592		2,400

Losses due to repurchase	$	47	$	437	$	243	$	569

XML 42 R30.htm IDEA: XBRL DOCUMENT

Nature of Operations and Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Apr. 30, 2017	Apr. 30, 2017
Accounting Policies [Abstract]
New accounting pronouncement or change in accounting principle, effect of change on net income	$ 0	$ 1,843

XML 43 R31.htm IDEA: XBRL DOCUMENT

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands		9 Months Ended
	Jun. 30, 2016	Apr. 30, 2017
Trademarks
Business Acquisition [Line Items]
Intangible assets amortization period		19 years
Jayco, Corp.
Business Acquisition [Line Items]
Payment to acquire business	$ 576,060
Asset purchase agreement date	Jun. 30, 2016
Asset purchase effective date	Jun. 30, 2016
Purchase price adjustment	$ 5,039
Amortizable intangible assets, weighted average useful life	19 years 3 months 18 days
Jayco, Corp. \| Consideration Funded By Credit Facility
Business Acquisition [Line Items]
Borrowings on revolving credit facility	$ 360,000
Jayco, Corp. \| Trademarks
Business Acquisition [Line Items]
Intangible assets amortization period	20 years
Amortizable intangible assets, amortization method		Straight-line basis
Jayco, Corp. \| Backlog
Business Acquisition [Line Items]
Intangible assets amortization period	3 months
Amortizable intangible assets, amortization method		Straight-line basis
Jayco, Corp. \| Dealer Networks
Business Acquisition [Line Items]
Intangible assets amortization period	20 years
Amortizable intangible assets, amortization method		Accelerated cash flow basis

XML 44 R32.htm IDEA: XBRL DOCUMENT

Summary of Preliminary Fair Value Assigned to Net Assets Acquired (Detail) - USD ($) $ in Thousands		9 Months Ended
	Jun. 30, 2016	Apr. 30, 2017	Jul. 31, 2016
Business Acquisition [Line Items]
Goodwill		$ 377,693	$ 377,693
Total cash consideration for acquisition, less cash acquired		$ 5,039
Jayco, Corp.
Business Acquisition [Line Items]
Cash	$ 18,409
Other current assets	258,158
Property, plant and equipment	80,824
Goodwill	74,184
Current liabilities	(216,776)
Total fair value of net assets acquired	581,099
Less cash acquired	(18,409)
Total cash consideration for acquisition, less cash acquired	562,690
Jayco, Corp. \| Dealer Networks
Business Acquisition [Line Items]
Business acquisition allocated to amortizing intangible asset	261,100
Jayco, Corp. \| Trademarks
Business Acquisition [Line Items]
Business acquisition allocated to amortizing intangible asset	92,800
Jayco, Corp. \| Backlog
Business Acquisition [Line Items]
Business acquisition allocated to amortizing intangible asset	$ 12,400

XML 45 R33.htm IDEA: XBRL DOCUMENT

Unaudited Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2016
Business Combinations [Abstract]
Net sales	$ 1,756,991	$ 4,553,747
Net income	$ 89,847	$ 195,337
Basic earnings per common share	$ 1.71	$ 3.72
Diluted earnings per common share	$ 1.71	$ 3.72

XML 46 R34.htm IDEA: XBRL DOCUMENT

Business Segments - Additional Information (Detail)	9 Months Ended
Business Segments - Additional Information (Detail)	Apr. 30, 2017 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

XML 47 R35.htm IDEA: XBRL DOCUMENT

Schedule of Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Net sales	$ 2,015,224	$ 1,284,054	$ 5,312,280	$ 3,289,476
Income (loss) from continuing operations before income taxes	166,231	116,283	380,396	259,862
Operating Segments \| Recreational vehicles
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	171,860	121,008	401,444	279,473
Operating Segments \| Recreational vehicles \| Towables
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	134,504	96,893	306,677	213,186
Operating Segments \| Recreational vehicles \| Motorized
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	37,356	24,115	94,767	66,287
Operating Segments \| Other
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	8,713	6,441	20,787	12,107
Operating Segments \| Corporate
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	(14,342)	(11,166)	(41,835)	(31,718)
Continuing Operations
Segment Reporting Information [Line Items]
Net sales	2,015,224	1,284,054	5,312,280	3,289,476
Continuing Operations \| Operating Segments \| Recreational vehicles
Segment Reporting Information [Line Items]
Net sales	1,976,075	1,242,204	5,205,623	3,179,167
Continuing Operations \| Operating Segments \| Recreational vehicles \| Towables
Segment Reporting Information [Line Items]
Net sales	1,426,192	934,574	3,719,314	2,377,571
Continuing Operations \| Operating Segments \| Recreational vehicles \| Motorized
Segment Reporting Information [Line Items]
Net sales	549,883	307,630	1,486,309	801,596
Continuing Operations \| Operating Segments \| Other
Segment Reporting Information [Line Items]
Net sales	70,019	61,572	182,906	159,965
Continuing Operations \| Intercompany Eliminations
Segment Reporting Information [Line Items]
Net sales	$ (30,870)	$ (19,722)	$ (76,249)	$ (49,656)

XML 48 R36.htm IDEA: XBRL DOCUMENT

Schedule of Segment Reporting Information, by Segment Balance Sheet Item (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Jul. 31, 2016
Segment Reporting Information [Line Items]
Total assets	$ 2,600,076		$ 2,600,076		$ 2,325,464
Depreciation and amortization expense, total	23,893	$ 12,273	74,298	$ 35,113
Capital acquisitions	28,233	15,250	78,523	38,834
Continuing Operations \| Operating Segments \| Recreational vehicles
Segment Reporting Information [Line Items]
Total assets	2,149,445		2,149,445		1,902,141
Depreciation and amortization expense, total	20,529	8,882	64,282	25,026
Capital acquisitions	27,693	14,049	76,056	34,653
Continuing Operations \| Operating Segments \| Recreational vehicles \| Towables
Segment Reporting Information [Line Items]
Total assets	1,589,720		1,589,720		1,425,168
Depreciation and amortization expense, total	18,213	8,212	57,377	23,066
Capital acquisitions	15,559	9,480	51,877	27,768
Continuing Operations \| Operating Segments \| Recreational vehicles \| Motorized
Segment Reporting Information [Line Items]
Total assets	559,725		559,725		476,973
Depreciation and amortization expense, total	2,316	670	6,905	1,960
Capital acquisitions	12,134	4,569	24,179	6,885
Continuing Operations \| Operating Segments \| Other
Segment Reporting Information [Line Items]
Total assets	154,965		154,965		156,822
Depreciation and amortization expense, total	3,021	3,105	9,037	9,234
Capital acquisitions	163	340	773	2,519
Continuing Operations \| Operating Segments \| Corporate
Segment Reporting Information [Line Items]
Total assets	295,666		295,666		$ 266,501
Depreciation and amortization expense, total	343	286	979	853
Capital acquisitions	$ 377	$ 861	$ 1,694	$ 1,662

XML 49 R37.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share (Detail) - shares	3 Months Ended		9 Months Ended
Earnings Per Common Share (Detail) - shares	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Earnings Per Share [Abstract]
Weighted-average common shares outstanding for basic earnings per common share	52,582,134	52,474,801	52,555,792	52,453,025
Unvested restricted stock and restricted stock units	190,972	126,872	183,924	116,269
Weighted-average common shares outstanding for diluted earnings per common share	52,773,106	52,601,673	52,739,716	52,569,294

XML 50 R38.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share - Additional Information (Detail) - shares	9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Earnings Per Share [Abstract]
Antidilutive stock options, unvested restricted stock and restricted stock units outstanding	57,253	43,782

XML 51 R39.htm IDEA: XBRL DOCUMENT

Schedule of Fair Value, Assets Measured on Recurring Basis (Detail) - Level 1 - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 138,904	$ 143,282
Deferred compensation plan assets	$ 24,970	$ 15,529

XML 52 R40.htm IDEA: XBRL DOCUMENT

Schedule of Major Classifications of Inventories (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Inventory [Line Items]
Work in process	$ 128,493	$ 97,872
Raw materials	209,501	173,362
Chassis	101,389	102,686
Total	491,678	434,004
Excess of FIFO costs over LIFO costs	(32,010)	(30,135)
Total inventories, net	459,668	403,869
Recreational vehicles
Inventory [Line Items]
Finished goods	27,394	39,943
Other
Inventory [Line Items]
Finished goods	$ 24,901	$ 20,141

XML 53 R41.htm IDEA: XBRL DOCUMENT

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Inventory Disclosure [Abstract]
Inventories	$ 491,678	$ 434,004
Subsidiaries valued inventory in last-in, first-out method	290,923	219,050
Subsidiaries valued inventory in first-in, first-out method	$ 200,755	$ 214,954

XML 54 R42.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Property, Plant and Equipment [Line Items]
Total cost	$ 553,040	$ 480,436
Less accumulated depreciation	(158,222)	(136,169)
Property, plant and equipment, net	394,818	344,267
Land
Property, Plant and Equipment [Line Items]
Total cost	48,553	46,422
Building and Building Improvements
Property, Plant and Equipment [Line Items]
Total cost	349,335	300,902
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Total cost	$ 155,152	$ 133,112

XML 55 R43.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2017	Jul. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 553,040	$ 480,436
Accumulated depreciation	158,222	136,169
Assets Held under Capital Leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment	6,527	6,527
Accumulated depreciation	$ 1,088	$ 680

XML 56 R44.htm IDEA: XBRL DOCUMENT

Components of Amortizable Intangible Assets, Net (Detail) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2017	Jul. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Cost	$ 572,827	$ 588,327
Accumulated Amortization	$ 114,146	80,936
Dealer Network/Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life	16 years
Cost	$ 404,960	404,960
Accumulated Amortization	$ 88,844	55,191
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life	19 years
Cost	$ 148,117	148,117
Accumulated Amortization	$ 16,187	10,539
Design Technology and Other Intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life	8 years
Cost	$ 19,300	22,400
Accumulated Amortization	$ 8,845	10,870
Non-Compete Agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life	2 years
Cost	$ 450	450
Accumulated Amortization	$ 270	203
Backlog
Finite-Lived Intangible Assets [Line Items]
Cost		12,400
Accumulated Amortization		$ 4,133

XML 57 R45.htm IDEA: XBRL DOCUMENT

Estimated Amortization Expense (Detail) $ in Thousands	Apr. 30, 2017 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated annual amortization expense, For the fiscal year ending July 31, 2017	$ 63,925
Estimated annual amortization expense, For the fiscal year ending July 31, 2018	54,463
Estimated annual amortization expense, For the fiscal year ending July 31, 2019	50,367
Estimated annual amortization expense, For the fiscal year ending July 31, 2020	46,480
Estimated annual amortization expense, For the fiscal year ending July 31, 2021	43,131
Estimated annual amortization expense, For the fiscal year ending July 31, 2022 and thereafter	249,025
Estimated annual amortization expense, Total	$ 507,391

XML 58 R46.htm IDEA: XBRL DOCUMENT

Intangible Assets and Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jan. 31, 2016	Apr. 30, 2017	Jul. 31, 2016
Intangible Assets And Goodwill [Line Items]
Goodwill		$ 377,693	$ 377,693
Pre-tax, non-cash goodwill impairment charge	$ 9,113	0
Towables
Intangible Assets And Goodwill [Line Items]
Goodwill		334,822	334,822
Other
Intangible Assets And Goodwill [Line Items]
Goodwill		$ 42,871	$ 42,871

XML 59 R47.htm IDEA: XBRL DOCUMENT

Concentration of Risk - Additional Information (Detail) - Freedom Roads, LLC	9 Months Ended		12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Jul. 31, 2016
Net Sales
Concentration Risk [Line Items]
Concentration risk percentage	18.00%	20.00%
Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage	23.00%		18.00%

XML 60 R48.htm IDEA: XBRL DOCUMENT

Product Warranties - Additional Information (Detail)	9 Months Ended
Product Warranties - Additional Information (Detail)	Apr. 30, 2017
Product Warranty One
Product Warranty Liability [Line Items]
Warranty period for retail customers, years	1 year
Product Warranty Two
Product Warranty Liability [Line Items]
Warranty period for retail customers, years	2 years

XML 61 R49.htm IDEA: XBRL DOCUMENT

Schedule of Changes in Product Warranty Liabilities for Continuing Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Product Warranty
Beginning balance	$ 209,173	$ 106,260	$ 201,840	$ 108,206
Provision	50,358	33,853	146,454	85,369
Payments	(44,613)	(27,492)	(133,376)	(80,954)
Ending balance	$ 214,918	$ 112,621	$ 214,918	$ 112,621

XML 62 R50.htm IDEA: XBRL DOCUMENT

Long - Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Jul. 31, 2016
Line of Credit Facility [Line Items]
Line of credit, outstanding amount	$ 295,000		$ 295,000		$ 360,000
Interest expense	2,547	$ 166	7,593	$ 508
Fees to secure the facility, amortized amount			$ 1,177
Asset-based revolving credit facility
Line of Credit Facility [Line Items]
Line of credit, maturity period			5 years
Line of credit, commencement date			Jun. 30, 2016
Line of credit, maturity date			Jun. 30, 2021
Line of credit, outstanding amount	295,000		$ 295,000		360,000
Line of credit, borrowing availability	$ 202,825		$ 202,825
Weighted-average interest rate on borrowings	2.38%		2.25%
Fees to secure the facility, amount incurred					$ 7,850
Fees to secure the facility, unamortized amount	$ 6,542		$ 6,542
Asset-based revolving credit facility \| Interest expense
Line of Credit Facility [Line Items]
Fees to secure the facility, amortized amount	392		$ 1,177
Asset-based revolving credit facility \| Maximum
Line of Credit Facility [Line Items]
Fees to secure the facility, amortization period			5 years
Asset-based revolving credit facility \| LIBOR and base rate
Line of Credit Facility [Line Items]
Interest expense	$ 1,879		$ 5,583

XML 63 R51.htm IDEA: XBRL DOCUMENT

Provision for Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	33.10%	31.90%	33.00%	32.60%
New accounting pronouncement or change in accounting principle, effect of change on net income	$ 0		$ 1,843
Expected decrease in unrecognized tax benefits due to resolution of uncertain tax positions	$ 5,036		5,036
Expected decrease in interest due to resolution of uncertain tax positions			$ 734

XML 64 R52.htm IDEA: XBRL DOCUMENT

Contingent Liabilities, Commitments and Legal Matters - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2017	Jul. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Standby Repurchase Obligations Amount	$ 2,443,451	$ 1,898,307
Term of Commitments	Up to eighteen months
Repurchase and guarantee reserve balances	$ 7,175	$ 6,068

XML 65 R53.htm IDEA: XBRL DOCUMENT

Losses Due to Repurchases Related to Repurchase Agreements (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Cost of units repurchased	$ 977	$ 1,961	$ 3,835	$ 2,969
Realization of units resold	930	1,524	3,592	2,400
Losses due to repurchase	$ 47	$ 437	$ 243	$ 569

XML 66 R54.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Stock Based Compensation And Stockholders Equity [Line Items]
Stock-based compensation expense	$ 3,166	$ 2,312	$ 9,058	$ 6,991
Withholding taxes payable			4,572	2,484
Restricted Stock Units (RSUs)
Stock Based Compensation And Stockholders Equity [Line Items]
Withholding taxes payable			$ 4,572	$ 2,484

EXCEL 67 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 69 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 71 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 130 197 1 false 32 0 false 5 false false R1.htm 101 - Document - Document and Entity Information Sheet http://www.thorindustries.com/taxonomy/role/DocumentandEntityInformation Document and Entity Information Cover 1 false false R2.htm 103 - Statement - Condensed Consolidated Balance Sheets Sheet http://www.thorindustries.com/taxonomy/role/StatementOfFinancialPositionClassified Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 104 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://www.thorindustries.com/taxonomy/role/StatementOfFinancialPositionClassifiedParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 105 - Statement - Condensed Consolidated Statements of Income and Comprehensive Income Sheet http://www.thorindustries.com/taxonomy/role/StatementOfIncome Condensed Consolidated Statements of Income and Comprehensive Income Statements 4 false false R5.htm 106 - Statement - Condensed Consolidated Statements of Cash Flows Sheet http://www.thorindustries.com/taxonomy/role/StatementOfCashFlowsIndirect Condensed Consolidated Statements of Cash Flows Statements 5 false false R6.htm 107 - Disclosure - Nature of Operations and Accounting Policies Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsOrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock Nature of Operations and Accounting Policies Notes 6 false false R7.htm 108 - Disclosure - Acquisition Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsBusinessCombinationDisclosureTextBlock Acquisition Notes 7 false false R8.htm 109 - Disclosure - Business Segments Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlock Business Segments Notes 8 false false R9.htm 110 - Disclosure - Earnings Per Common Share Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlock Earnings Per Common Share Notes 9 false false R10.htm 111 - Disclosure - Fair Value Measurements Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlock Fair Value Measurements Notes 10 false false R11.htm 112 - Disclosure - Inventories Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsInventoryDisclosureTextBlock Inventories Notes 11 false false R12.htm 113 - Disclosure - Property, Plant and Equipment Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlock Property, Plant and Equipment Notes 12 false false R13.htm 114 - Disclosure - Intangible Assets and Goodwill Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsGoodwillAndIntangibleAssetsDisclosureTextBlock Intangible Assets and Goodwill Notes 13 false false R14.htm 115 - Disclosure - Concentration of Risk Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsConcentrationRiskDisclosureTextBlock Concentration of Risk Notes 14 false false R15.htm 116 - Disclosure - Product Warranties Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsProductWarrantyDisclosureTextBlock Product Warranties Notes 15 false false R16.htm 117 - Disclosure - Long-Term Debt Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsLongTermDebtTextBlock Long-Term Debt Notes 16 false false R17.htm 118 - Disclosure - Provision for Income Taxes Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlock Provision for Income Taxes Notes 17 false false R18.htm 119 - Disclosure - Contingent Liabilities, Commitments and Legal Matters Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock Contingent Liabilities, Commitments and Legal Matters Notes 18 false false R19.htm 120 - Disclosure - Stockholders' Equity Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsStockholdersEquityNoteDisclosureTextBlock Stockholders' Equity Notes 19 false false R20.htm 121 - Disclosure - Nature of Operations and Accounting Policies (Policies) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsOrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlockPolicies Nature of Operations and Accounting Policies (Policies) Policies http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsOrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock 20 false false R21.htm 122 - Disclosure - Acquisition (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsBusinessCombinationDisclosureTextBlockTables Acquisition (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsBusinessCombinationDisclosureTextBlock 21 false false R22.htm 123 - Disclosure - Business Segments (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlockTables Business Segments (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlock 22 false false R23.htm 124 - Disclosure - Earnings Per Common Share (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlockTables Earnings Per Common Share (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlock 23 false false R24.htm 125 - Disclosure - Fair Value Measurements (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlockTables Fair Value Measurements (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlock 24 false false R25.htm 126 - Disclosure - Inventories (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsInventoryDisclosureTextBlockTables Inventories (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsInventoryDisclosureTextBlock 25 false false R26.htm 127 - Disclosure - Property, Plant and Equipment (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlockTables Property, Plant and Equipment (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlock 26 false false R27.htm 128 - Disclosure - Intangible Assets and Goodwill (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsGoodwillAndIntangibleAssetsDisclosureTextBlockTables Intangible Assets and Goodwill (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsGoodwillAndIntangibleAssetsDisclosureTextBlock 27 false false R28.htm 129 - Disclosure - Product Warranties (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsProductWarrantyDisclosureTextBlockTables Product Warranties (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsProductWarrantyDisclosureTextBlock 28 false false R29.htm 130 - Disclosure - Contingent Liabilities, Commitments and Legal Matters (Tables) Sheet http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlockTables Contingent Liabilities, Commitments and Legal Matters (Tables) Tables http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock 29 false false R30.htm 131 - Disclosure - Nature of Operations and Accounting Policies - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureNatureOfOperationsAndAccountingPoliciesAdditionalInformation Nature of Operations and Accounting Policies - Additional Information (Detail) Details 30 false false R31.htm 132 - Disclosure - Acquisition - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureAcquisitionAdditionalInformation Acquisition - Additional Information (Detail) Details 31 false false R32.htm 133 - Disclosure - Summary of Preliminary Fair Value Assigned to Net Assets Acquired (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureSummaryOfPreliminaryFairValueAssignedToNetAssetsAcquired Summary of Preliminary Fair Value Assigned to Net Assets Acquired (Detail) Details 32 false false R33.htm 134 - Disclosure - Unaudited Pro Forma Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureUnauditedProFormaInformation Unaudited Pro Forma Information (Detail) Details 33 false false R34.htm 135 - Disclosure - Business Segments - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureBusinessSegmentsAdditionalInformation Business Segments - Additional Information (Detail) Details 34 false false R35.htm 136 - Disclosure - Schedule of Segment Reporting Information by Segment (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureScheduleOfSegmentReportingInformationBySegment Schedule of Segment Reporting Information by Segment (Detail) Details 35 false false R36.htm 137 - Disclosure - Schedule of Segment Reporting Information, by Segment Balance Sheet Item (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureScheduleOfSegmentReportingInformationBySegmentBalanceSheetItem Schedule of Segment Reporting Information, by Segment Balance Sheet Item (Detail) Details 36 false false R37.htm 138 - Disclosure - Earnings Per Common Share (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureEarningsPerCommonShare Earnings Per Common Share (Detail) Details http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlockTables 37 false false R38.htm 139 - Disclosure - Earnings Per Common Share - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureEarningsPerCommonShareAdditionalInformation Earnings Per Common Share - Additional Information (Detail) Details 38 false false R39.htm 140 - Disclosure - Schedule of Fair Value, Assets Measured on Recurring Basis (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureScheduleOfFairValueAssetsMeasuredOnRecurringBasis Schedule of Fair Value, Assets Measured on Recurring Basis (Detail) Details 39 false false R40.htm 141 - Disclosure - Schedule of Major Classifications of Inventories (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureScheduleOfMajorClassificationsOfInventories Schedule of Major Classifications of Inventories (Detail) Details 40 false false R41.htm 142 - Disclosure - Inventories - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureInventoriesAdditionalInformation Inventories - Additional Information (Detail) Details 41 false false R42.htm 143 - Disclosure - Property, Plant and Equipment (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosurePropertyPlantAndEquipment Property, Plant and Equipment (Detail) Details http://www.thorindustries.com/taxonomy/role/NotesToFinancialStatementsPropertyPlantAndEquipmentDisclosureTextBlockTables 42 false false R43.htm 144 - Disclosure - Property, Plant and Equipment - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosurePropertyPlantAndEquipmentAdditionalInformation Property, Plant and Equipment - Additional Information (Detail) Details 43 false false R44.htm 145 - Disclosure - Components of Amortizable Intangible Assets, Net (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureComponentsOfAmortizableIntangibleAssetsNet Components of Amortizable Intangible Assets, Net (Detail) Details 44 false false R45.htm 146 - Disclosure - Estimated Amortization Expense (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureEstimatedAmortizationExpense Estimated Amortization Expense (Detail) Details 45 false false R46.htm 147 - Disclosure - Intangible Assets and Goodwill - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureIntangibleAssetsAndGoodwillAdditionalInformation Intangible Assets and Goodwill - Additional Information (Detail) Details 46 false false R47.htm 148 - Disclosure - Concentration of Risk - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureConcentrationOfRiskAdditionalInformation Concentration of Risk - Additional Information (Detail) Details 47 false false R48.htm 149 - Disclosure - Product Warranties - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureProductWarrantiesAdditionalInformation Product Warranties - Additional Information (Detail) Details 48 false false R49.htm 150 - Disclosure - Schedule of Changes in Product Warranty Liabilities for Continuing Operations (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureScheduleOfChangesInProductWarrantyLiabilitiesForContinuingOperations Schedule of Changes in Product Warranty Liabilities for Continuing Operations (Detail) Details 49 false false R50.htm 151 - Disclosure - Long - Term Debt - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureLongTermDebtAdditionalInformation Long - Term Debt - Additional Information (Detail) Details 50 false false R51.htm 152 - Disclosure - Provision for Income Taxes - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureProvisionForIncomeTaxesAdditionalInformation Provision for Income Taxes - Additional Information (Detail) Details 51 false false R52.htm 153 - Disclosure - Contingent Liabilities, Commitments and Legal Matters - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureContingentLiabilitiesCommitmentsAndLegalMattersAdditionalInformation Contingent Liabilities, Commitments and Legal Matters - Additional Information (Detail) Details 52 false false R53.htm 154 - Disclosure - Losses Due to Repurchases Related to Repurchase Agreements (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureLossesDueToRepurchasesRelatedToRepurchaseAgreements Losses Due to Repurchases Related to Repurchase Agreements (Detail) Details 53 false false R54.htm 155 - Disclosure - Stockholders' Equity - Additional Information (Detail) Sheet http://www.thorindustries.com/taxonomy/role/DisclosureStockholdersEquityAdditionalInformation Stockholders' Equity - Additional Information (Detail) Details 54 false false All Reports Book All Reports tho-20170430.xml tho-20170430.xsd tho-20170430_cal.xml tho-20170430_def.xml tho-20170430_lab.xml tho-20170430_pre.xml true true ZIP 73 0001193125-17-194610-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-17-194610-xbrl.zip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