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Joint Ventures | 12 Months Ended
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Jul. 31, 2011
Joint Ventures |
Joint Ventures | K. JOINT VENTURES In March 1996, the Company and Cruise America, Inc., an unrelated third party, formed a joint venture, CAT Joint Venture LLC ("CAT"), to make short-term rentals of motorized recreation vehicles to the public. As of July 31, 2011, the Company was contingently liable for repurchase obligations of CAT inventory in the amount of $1,017. Any losses related to these obligations would be shared equally by the Company and Cruise America. The Company's total investment in this joint venture at July 31, 2011 is $2,741. This investment is 50% owned and is accounted for using the equity method. The Company's share of the earnings for this investment was $267, $217 and $566 in fiscal 2011, 2010 and 2009, respectively, and is included in the other income caption of the Consolidated Statements of Income. During fiscal 2011, the Company's Thor Motor Coach subsidiary had sales to Cruise America of $26,872 and Cruise America had sales to CAT of $0. During fiscal 2010, the Company's Thor Motor Coach subsidiary had sales to Cruise America of $27,859 and Cruise America did not have any sales to CAT. During fiscal 2009, the Company's Four Winds subsidiary had sales to Cruise America of $13,623 and Cruise America did not have any sales to CAT.

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