ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Jul. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The components of other comprehensive income (loss) (“OCI”) and the changes in the Company’s accumulated OCI (“AOCI”) by component for the fiscal year ended July 31, 2019 were as follows (The Company did not have any OCI or AOCI prior to fiscal 2019):

	2019
	Foreign Currency			Unrealized
	Translation			Gain (Loss) on
	Adjustment			Derivatives			Other			Total
Balance at beginning of period	$	–		$	–		$	–		$	–
OCI before reclassifications		(44,684	)		(12,184	)		(1,048	)		(57,916	)
Income taxes associated with OCI before reclassifications (1)		(2,394	)		2,917			–			523
Amounts reclassified from AOCI		–			(279	)		–			(279	)
Income taxes associated with amounts reclassified from AOCI		–			74			–			74
AOCI, net of tax		(47,078	)		(9,472	)		(1,048	)		(57,598	)
Less: OCI attributable to non-controlling interest		(594	)		–			–			(594	)
AOCI, net of tax attributable to Thor Industries, Inc.	$	(46,484	)	$	(9,472	)	$	(1,048	)	$	(57,004	)

(1) We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.