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Business Segments | 6 Months Ended
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Jan. 31, 2022
Segment Reporting [Abstract] |
Business Segments | Business Segments The Company has three reportable segments, all related to recreational vehicles: (1) North American Towables, (2) North American Motorized and (3) European. The operations of the Company’s Postle, Roadpass Digital (formerly Togo Group rebranded as Roadpass Digital in November 2021) and Airxcel subsidiaries are included in Other. Net sales included in Other related primarily to the sale of component parts and aluminum extrusions. Intercompany eliminations adjust for Postle and Airxcel sales primarily to the Company’s North American Towables and North American Motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of products to third parties. The following tables reflect certain financial information by reportable segment:
| Three Months Ended January 31, |  | Six Months Ended January 31,
NET SALES: | 2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 1,985,088 |  | $ | 1,373,181 |  | $ | 4,225,922 |  | $ | 2,765,225
North American Motorized | 976,806 |  | 576,995 |  | 1,901,834 |  | 1,070,850
Total North America | 2,961,894 |  | 1,950,176 |  | 6,127,756 |  | 3,836,075
European | 723,730 |  | 733,463 |  | 1,356,727 |  | 1,335,951
Total recreational vehicles | 3,685,624 |  | 2,683,639 |  | 7,484,483 |  | 5,172,026
Other | 294,146 |  | 74,714 |  | 551,976 |  | 155,421
Intercompany eliminations | (104,752) |  | (30,565) |  | (203,217) |  | (62,299)
Total | $ | 3,875,018 |  | $ | 2,727,788 |  | $ | 7,833,242 |  | $ | 5,265,148
| Three Months Ended January 31, |  | Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES: | 2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 275,895 |  | $ | 147,880 |  | $ | 542,177 |  | $ | 289,059
North American Motorized | 104,037 |  | 43,421 |  | 192,935 |  | 84,988
Total North America | 379,932 |  | 191,301 |  | 735,112 |  | 374,047
European | 9,665 |  | 10,216 |  | (8,311) |  | 4,710
Total recreational vehicles | 389,597 |  | 201,517 |  | 726,801 |  | 378,757
Other, net | 23,092 |  | 9,644 |  | 46,621 |  | 21,134
Corporate | (66,436) |  | (47,202) |  | (114,327) |  | (89,613)
Total | $ | 346,253 |  | $ | 163,959 |  | $ | 659,095 |  | $ | 310,278
TOTAL ASSETS: | January 31, 2022 |  | July 31, 2021 |  |  |  |
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 2,172,879 |  | $ | 1,870,577 |  |  |  |
North American Motorized | 1,227,559 |  | 1,073,506 |  |  |  |
Total North America | 3,400,438 |  | 2,944,083 |  |  |  |
European | 2,670,572 |  | 2,975,821 |  |  |  |
Total recreational vehicles | 6,071,010 |  | 5,919,904 |  |  |  |
Other | 1,244,227 |  | 272,350 |  |  |  |
Corporate | 349,908 |  | 461,834 |  |  |  |
Total | $ | 7,665,145 |  | $ | 6,654,088 |  |  |  |
DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE: | Three Months Ended January 31, |  | Six Months Ended January 31,
2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 16,313 |  | $ | 16,318 |  | $ | 32,615 |  | $ | 32,125
North American Motorized | 7,107 |  | 5,334 |  | 14,129 |  | 9,104
Total North America | 23,420 |  | 21,652 |  | 46,744 |  | 41,229
European | 33,696 |  | 31,608 |  | 68,409 |  | 62,931
Total recreational vehicles | 57,116 |  | 53,260 |  | 115,153 |  | 104,160
Other | 18,357 |  | 3,039 |  | 24,837 |  | 5,950
Corporate | 422 |  | 416 |  | 858 |  | 844
Total | $ | 75,895 |  | $ | 56,715 |  | $ | 140,848 |  | $ | 110,954
| Three Months Ended January 31, |  | Six Months Ended January 31,
CAPITAL ACQUISITIONS: | 2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 21,479 |  | $ | 6,913 |  | $ | 34,613 |  | $ | 16,321
North American Motorized | 6,691 |  | 3,730 |  | 15,320 |  | 5,475
Total North America | 28,170 |  | 10,643 |  | 49,933 |  | 21,796
European | 39,425 |  | 13,322 |  | 54,227 |  | 23,216
Total recreational vehicles | 67,595 |  | 23,965 |  | 104,160 |  | 45,012
Other | 7,763 |  | 1,216 |  | 12,180 |  | 2,660
Corporate | 49 |  | 28 |  | 83 |  | 389
Total | $ | 75,407 |  | $ | 25,209 |  | $ | 116,423 |  | $ | 48,061

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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