Business Segments

9 Months Ended

Apr. 30, 2017

Segment Reporting [Abstract]

Business Segments

3. Business Segments

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

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

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

	Three Months Ended 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