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INTANGIBLE ASSETS AND GOODWILL (Tables) | 12 Months Ended
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Jul. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Amortizable Intangible Assets | The components of amortizable intangible assets are as follows:
|  |  | July 31, 2021 |  | July 31, 2020
|  |  | Cost |  | Accumulated Amortization |  | Cost |  | Accumulated Amortization
Dealer networks/customer relationships |  |  | $ | 861,562 |  |  | $ | 327,751 |  |  | $ | 766,198 |  |  | $ | 252,320 |
Trademarks |  |  | 311,208 |  |  | 62,675 |  |  | 275,775 |  |  | 47,743 |
Design technology and other intangibles |  |  | 215,956 |  |  | 62,237 |  |  | 213,468 |  |  | 40,654 |
Non-compete agreements |  |  | 1,400 |  |  | 292 |  |  | — |  |  | — |
Total amortizable intangible assets |  |  | $ | 1,390,126 |  |  | $ | 452,955 |  |  | $ | 1,255,441 |  |  | $ | 340,717 |
Estimated Amortization Expense | Estimated annual amortization expense is as follows:
For the fiscal year ending July 31, 2022 | $ | 124,151 |
For the fiscal year ending July 31, 2023 | 105,779 |
For the fiscal year ending July 31, 2024 | 95,960 |
For the fiscal year ending July 31, 2025 | 87,817 |
For the fiscal year ending July 31, 2026 | 79,049 |
For the fiscal year ending July 31, 2027 and thereafter | 444,415 |
| $ | 937,171 |
Changes in Carrying Amount of Goodwill by Reportable Segment | Changes in the carrying amount of goodwill by reportable segment as of July 31, 2021 and July 31, 2020 are summarized as follows:
|  | North American Towables |  | North American Motorized |  | European |  | Other |  | Total
Net balance as of July 31, 2019 |  | $ | 334,822 |  |  | $ | — |  |  | $ | 980,339 |  |  | $ | 42,871 |  |  | $ | 1,358,032 |
Fiscal year 2020 activity: |  |  |  |  |  |  |  |  |  |
Goodwill acquired |  | — |  |  | — |  |  | — |  |  | 62,366 |  |  | 62,366 |
Measurement period adjustment |  | — |  |  | — |  |  | 1,282 |  |  | (411) |  |  | 871 |
Foreign currency translation and other |  | — |  |  | — |  |  | 56,308 |  |  | — |  |  | 56,308 |
Impairment charge |  | (1,036) |  |  |  |  |  |  |  |  | (1,036) |
Net balance as of July 31, 2020 |  | $ | 333,786 |  |  | $ | — |  |  | $ | 1,037,929 |  |  | $ | 104,826 |  |  | $ | 1,476,541 |
Fiscal year 2021 activity: |  |  |  |  |  |  |  |  |  |
Goodwill acquired |  | 18,845 |  |  | 43,491 |  |  | — |  |  | 17,882 |  |  | 80,218 |
Measurement period adjustment |  | (7,656) |  |  | 10,384 |  |  | — |  |  | — |  |  | 2,728 |
Foreign currency translation and other |  | — |  |  | — |  |  | 3,768 |  |  | — |  |  | 3,768 |
Net balance as of July 31, 2021 |  | $ | 344,975 |  |  | $ | 53,875 |  |  | $ | 1,041,697 |  |  | $ | 122,708 |  |  | $ | 1,563,255 |
The components of the goodwill balances as of July 31, 2021 and July 31, 2020 are summarized as follows:
|  | North American Towables |  | North American Motorized |  | European |  | Other |  | Total
Goodwill |  | $ | 355,124 |  |  | $ | 71,127 |  |  | $ | 1,041,697 |  |  | $ | 122,708 |  |  | $ | 1,590,656 |
Accumulated impairment charges |  | (10,149) |  |  | (17,252) |  |  | — |  |  | — |  |  | (27,401) |
Net balance as of July 31, 2021 |  | $ | 344,975 |  |  | $ | 53,875 |  |  | $ | 1,041,697 |  |  | $ | 122,708 |  |  | $ | 1,563,255 |
|  | North American Towables |  | North American Motorized |  | European |  | Other |  | Total
Goodwill |  | $ | 343,935 |  |  | $ | 17,252 |  |  | $ | 1,037,929 |  |  | $ | 104,826 |  |  | $ | 1,503,942 |
Accumulated impairment charges |  | (10,149) |  |  | (17,252) |  |  | — |  |  | — |  |  | (27,401) |
Net balance as of July 31, 2020 |  | $ | 333,786 |  |  | $ | — |  |  | $ | 1,037,929 |  |  | $ | 104,826 |  |  | $ | 1,476,541 |

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