XML 145 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8

Income Taxes (Tables)

12 Months Ended

Jul. 31, 2013

Schedule of Components of Provision (Benefit) for Income Taxes from Continuing Operations

The components of the provision (benefit) for income taxes from continuing operations are as follows:

Income Taxes:		July 31, 2013				July 31, 2012				July 31, 2011
Federal		$	74,610			$	52,665			$	43,787
State and local			4,187				4,250				(151)
Total current expense (benefit)			78,797				56,915				43,636
Federal			(7,712)				(2,888)				(3,049)
State and local			(789)				(74)				103
Total deferred expense (benefit)			(8,501)				(2,962)				(2,946)
Total income tax expense		$	70,296			$	53,953			$	40,690

Schedule of Differences between Income Taxes at Federal Statutory Rate and Actual Income Taxes

The differences between income taxes at the federal statutory rate and the actual income taxes are as follows:

		July 31, 2013				July 31, 2012				July 31, 2011
Provision at federal statutory rate		$	77,691			$	57,886			$	46,318
State and local income taxes, net of federal benefit			2,815				846				590
Federal income tax credits and incentives			(2,468)				(831)				(1,697)
Domestic production activities deduction			(7,303)				(5,145)				(4,574)
Change in uncertain tax positions			(718)				1,879				(1,107)
Executive compensation limitation			–				38				–
Reduction of excess current tax payable and deferred tax liabilities			13				(1,018)				(48)
Other permanent items			266				298				1,208
Total income tax expense		$	70,296			$	53,953			$	40,690

Schedule of Deferred Income Taxes

A summary of deferred income taxes is as follows:		July 31,				July 31,
		2013				2012
Current deferred tax asset (liability):
Inventory basis		$	(314)			$	(589)
Employee benefits			2,215				2,026
Self-insurance reserves			8,333				8,556
Accrued product warranties			30,802				26,690
Accrued incentives			2,672				2,369
Sales returns and allowances			1,381				1,145
Accrued expenses			2,145				1,399
Unrecognized tax benefits			984				963
Other			(1,700)				(1,662)
Total current net deferred tax asset		$	46,518			$	40,897
Long-term deferred tax asset (liability):
Property basis			(2,007)				(4,482)
Investments			(121)				(433)
Deferred compensation			3,349				5,069
Tax credit carryforwards			547				–
Intangibles			(33,464)				(35,524)
Unrecognized tax benefits			13,136				14,436
Total net long-term deferred tax asset (liability)			(18,560)				(20,934)
Net deferred tax asset		$	27,958			$	19,963

Schedule of Changes in Unrecognized Tax Benefit

Changes in the unrecognized tax benefit during fiscal year 2013, 2012 and 2011 were as follows:

		2013 Unrecognized Tax Benefit						2012 Unrecognized Tax Benefit						2011 Unrecognized Tax Benefit
Beginning balance				$	33,900					$	32,174					$	31,039
Tax positions related to prior years:
Additions					436						562						1,817
Reductions					(113)						(284)						(1,062)
Tax positions related to current year:
Additions					5,348						3,995						3,713
Settlements					(5,593)						(1,364)						(2,642)
Lapses in statute of limitations					(1,245)						(1,183)						(691)
Ending balance				$	32,733					$	33,900					$	32,174

Components of Total Unrecognized Tax Benefits

The components of total unrecognized tax benefits are summarized as follows:

		2013						2012						2011
Unrecognized tax benefits				$	32,733					$	33,900					$	32,174
Reduction to unrecognized tax benefits for tax credit carry forward					(440)						–						–
Accrued interest and penalties					11,671						13,265						12,533
Total unrecognized tax benefits				$	43,964					$	47,165					$	44,707
Short term, included in “Income and other taxes”				$	2,745					$	2,649					$	1,683
Long term					41,219						44,516						43,024
Total unrecognized tax benefits				$	43,964					$	47,165					$	44,707

X

- Definition

Components of Total Unrecognized Tax Benefits [Table Text Block]

+ References

No definition available.

+ Details

Name:	tho_ComponentsOfTotalUnrecognizedTaxBenefitsTableTextBlock
Namespace Prefix:	tho_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Changes In Unrecognized Tax Benefit [Table Text Block]

+ References

No definition available.

+ Details

Name:	tho_ScheduleOfChangesInUnrecognizedTaxBenefitTableTextBlock
Namespace Prefix:	tho_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Deferred Income Taxes [Table Text Block]

+ References

No definition available.

+ Details

Name:	tho_ScheduleOfDeferredIncomeTaxesTableTextBlock
Namespace Prefix:	tho_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Differences Between Income Taxes At Federal Statutory Rate And Actual Income Taxes [Table Text Block]

+ References

No definition available.

+ Details

Name:	tho_ScheduleOfDifferencesBetweenIncomeTaxesAtFederalStatutoryRateAndActualIncomeTaxesTableTextBlock
Namespace Prefix:	tho_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration