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INTANGIBLE ASSETS, GOODWILL AND LONG-LIVED ASSETS (Tables) | 12 Months Ended
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Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Amortizable Intangible Assets | The components of amortizable intangible assets are as follows:
|  |  |  |  | July 31, 2019 |  |  | July 31, 2018 |
|  | Weighted-Average |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining |  |  |  |  |  |  |
|  | Life in Years |  |  |  |  |  | Accumulated |  |  |  |  |  | Accumulated |
|  | at July 31, 2019 |  |  | Cost |  |  | Amortization |  |  | Cost |  |  | Amortization |
Dealer networks/customer relationships |  | 18 |  |  | $ | 750,641 |  |  | $ | 191,017 |  |  | $ | 404,960 |  |  | $ | 147,077 |
Trademarks |  | 18 |  |  |  | 268,778 |  |  |  | 34,518 |  |  |  | 146,117 |  |  |  | 24,364 |
Design technology and other intangibles |  | 9 |  |  |  | 196,616 |  |  |  | 19,689 |  |  |  | 18,200 |  |  |  | 9,555 |
Non-compete agreements |  | – |  |  |  | 450 |  |  |  | 450 |  |  |  | 450 |  |  |  | 383 |
Total amortizable intangible assets |  |  |  |  | $ | 1,216,485 |  |  | $ | 245,674 |  |  | $ | 569,727 |  |  | $ | 181,379 |
Estimated Amortization Expense | Estimated annual amortization expense is as follows:
For the fiscal year ending July 31, 2020 |  | $ | 97,337 |
For the fiscal year ending July 31, 2021 |  |  | 103,968 |
For the fiscal year ending July 31, 2022 |  |  | 107,530 |
For the fiscal year ending July 31, 2023 |  |  | 88,051 |
For the fiscal year ending July 31, 2024 |  |  | 79,588 |
For the fiscal year ending July 31, 2025 and thereafter |  |  | 494,337 |
|  | $ | 970,811 |
Changes in Carrying Amount of Goodwill by Reportable Segment | Changes in the carrying amount of goodwill by reportable segment as of July 31, 2019 and 2018 are summarized as follows:
|  | North American |  |  | North American |  |  |  |  |  |  |  |  |  |
|  | Towables |  |  | Motorized |  |  | European |  |  | Other |  |  | Total |
Net balance as of July 31, 2017 |  | $ | 334,822 |  |  | $ | – |  |  | $ | – |  |  | $ | 42,871 |  |  | $ | 377,693 |
Fiscal year 2018 activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
No activity |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Net balance as of July 31, 2018 |  | $ | 334,822 |  |  | $ | – |  |  | $ | – |  |  | $ | 42,871 |  |  | $ | 377,693 |
Goodwill acquired |  |  | – |  |  |  | – |  |  |  | 1,008,472 |  |  |  | – |  |  |  | 1,008,472 |
Foreign currency translation |  |  | – |  |  |  | – |  |  |  | (28,133 | ) |  |  | – |  |  |  | (28,133 | )
Net balance as of July 31, 2019 |  | $ | 334,822 |  |  | $ | – |  |  | $ | 980,339 |  |  | $ | 42,871 |  |  | $ | 1,358,032 |
The components of the goodwill balances as of July 31, 2019 and July 31, 2018 are summarized as follows:
|  | North American |  |  | North American |  |  |  |  |  |  |  |  |  |
|  | Towables |  |  | Motorized |  |  | European |  |  | Other |  |  | Total |
Goodwill |  | $ | 343,935 |  |  | $ | 17,252 |  |  | $ | 980,339 |  |  | $ | 42,871 |  |  | $ | 1,384,397 |
Accumulated impairment charges |  |  | (9,113 | ) |  |  | (17,252 | ) |  |  | – |  |  |  | – |  |  |  | (26,365 | )
Net balance as of July 31, 2019 |  | $ | 334,822 |  |  | $ | – |  |  | $ | 980,339 |  |  | $ | 42,871 |  |  | $ | 1,358,032 |
|  | North American |  |  | North American |  |  |  |  |  |  |  |  |  |
|  | Towables |  |  | Motorized |  |  | European |  |  | Other |  |  | Total |
Goodwill |  | $ | 343,935 |  |  | $ | 17,252 |  |  | $ | – |  |  | $ | 42,871 |  |  | $ | 404,058 |
Accumulated impairment charges |  |  | (9,113 | ) |  |  | (17,252 | ) |  |  | – |  |  |  | – |  |  |  | (26,365 | )
Net balance as of July 31, 2018 |  | $ | 334,822 |  |  | $ | – |  |  | $ | – |  |  | $ | 42,871 |  |  | $ | 377,693 |

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