BUSINESS SEGMENTS

12 Months Ended

Jul. 31, 2018

Segment Reporting [Abstract]

BUSINESS SEGMENTS

4.  BUSINESS SEGMENTS

The Company has two reportable segments: (1) towable recreational vehicles and (2) motorized recreational vehicles. The towables 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 Venture RV). 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 towables and motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of extrusion components to third party customers.

All manufacturing is conducted in 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.

	2018			2017			2016
Net sales:
Recreational vehicles
Towables	$	6,008,700		$	5,127,491		$	3,338,659
Motorized		2,146,315			1,971,466			1,094,250
Total recreational vehicles		8,155,015			7,098,957			4,432,909
Other		305,947			253,557			218,673
Intercompany eliminations		(132,053	)		(105,562	)		(69,470	)
Total	$	8,328,909		$	7,246,952		$	4,582,112
Income (loss) from continuing operations before income taxes:
Recreational vehicles
Towables	$	532,657		$	458,915		$	321,874
Motorized		134,785			125,323			88,523
Total recreational vehicles		667,442			584,238			410,397
Other		32,973			28,909			18,547
Intercompany eliminations		(306	)		(195	)		(23	)
Corporate		(67,080	)		(56,566	)		(45,608	)
Total	$	633,029		$	556,386		$	383,313
Total assets:
Recreational vehicles
Towables	$	1,654,361		$	1,535,029		$	1,425,168
Motorized		492,830			500,761			476,973
Total recreational vehicles		2,147,191			2,035,790			1,902,141
Other, net		167,965			156,996			156,822
Corporate		463,509			365,145			266,501
Total	$	2,778,665		$	2,557,931		$	2,325,464
Depreciation and amortization expense:
Recreational vehicles
Towables	$	68,964		$	75,568		$	36,054
Motorized		11,800			9,393			2,994
Total recreational vehicles		80,764			84,961			39,048
Other		10,861			11,967			12,352
Corporate		1,598			1,330			1,175
Total	$	93,223		$	98,258		$	52,575
Capital acquisitions:
Recreational vehicles
Towables	$	85,304		$	72,801		$	37,489
Motorized		34,660			41,677			11,191
Total recreational vehicles		119,964			114,478			48,680
Other		8,440			1,157			2,799
Corporate		8,902			2,120			2,495
Total	$	137,306		$	117,755		$	53,974

Export sales, predominantly to Canada, were $788,894, $628,176 and $368,426 in fiscal 2018, 2017 and 2016, respectively, and accounted for 9.5%, 8.7% and 8.0% of the Company’s consolidated net sales for those respective years.