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Business Segments
 12 Months Ended
Jul. 31, 2013
Business Segments

4.  BUSINESS SEGMENTS

The Company has two continuing reportable segments: 1) towable recreational vehicles and 2) motorized recreational vehicles. The towable recreational vehicle reportable segment consists of product lines from the following operating segments that have been aggregated: Airstream, CrossRoads, Dutchmen, Keystone and Heartland. The motorized recreational vehicle reportable segment consists of product lines from the following operating segments that have been aggregated: Airstream and Thor Motor Coach.

 

All manufacturing is conducted in the United States. Identifiable assets are those assets used in the operation of each reportable segment. Corporate assets primarily consist of cash and cash equivalents and deferred income tax assets.

 

           2013                 2012                 2011        

Net sales:

       

Recreational vehicles

       

Towables

     $   2,650,253      $   2,285,863      $   1,977,416   

Motorized

      591,542        353,935        363,026   
  

 

 

    

 

 

    

 

 

  

Total

    $ 3,241,795      $ 2,639,798      $ 2,340,442   
  

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes:

       

Recreational vehicles

       

Towables

    $ 205,724      $ 158,973      $ 146,361   

Motorized

      43,907        18,469        12,777   
  

 

 

    

 

 

    

 

 

  

Total recreational vehicles

      249,631        177,442        159,138   

Corporate

      (27,659 )      (12,054 )      (26,801 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ 221,972      $ 165,388      $ 132,337   
  

 

 

    

 

 

    

 

 

  

Identifiable assets:

       

Recreational vehicles

       

Towables

    $ 759,658      $ 734,439      $ 696,059   

Motorized

      126,123        82,904        93,586   
  

 

 

    

 

 

    

 

 

  

Total recreational vehicles

      885,781        817,343        789,645   

Corporate

      305,981        282,387        282,201   

Bus

      –        143,324        126,224   

Assets of discontinued operations

      136,506        –        –   
  

 

 

    

 

 

    

 

 

  

Total

    $ 1,328,268      $ 1,243,054      $ 1,198,070   
  

 

 

    

 

 

    

 

 

  

Depreciation and amortization expense:

       

Recreational vehicles

       

Towables

    $ 19,888      $ 20,010      $ 18,506   

Motorized

      2,040        2,122        2,474   
  

 

 

    

 

 

    

 

 

  

Total recreational vehicles

      21,928        22,132        20,980   

Corporate

      322        309        313   

Discontinued operations

      2,737        2,537        2,716   
  

 

 

    

 

 

    

 

 

  

Total

    $ 24,987      $ 24,978      $ 24,009   
  

 

 

    

 

 

    

 

 

  

Capital acquisitions:

       

Recreational vehicles

       

Towables

    $ 13,954      $ 8,830      $ 22,835   

Motorized

      1,673        798        1,393   
  

 

 

    

 

 

    

 

 

  

Total recreational vehicles

      15,627        9,628        24,228   

Corporate

      8,143        43        53   

Discontinued operations

      420        771        9,417   
  

 

 

    

 

 

    

 

 

  

Total

    $ 24,190      $ 10,442      $ 33,698   
  

 

 

    

 

 

    

 

 

  

Export sales, primarily to Canada, from the Company’s continuing U.S. operations were $537,374, $456,073 and $428,907 in fiscal 2013, 2012 and 2011, respectively.