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Business Segments | 9 Months Ended
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Apr. 30, 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) 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 April 30, |  | Nine Months Ended April 30,
NET SALES: | 2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 2,640,137 |  | $ | 1,726,102 |  | $ | 6,866,059 |  | $ | 4,491,327
North American Motorized | 1,053,045 |  | 775,393 |  | 2,954,879 |  | 1,846,243
Total North America | 3,693,182 |  | 2,501,495 |  | 9,820,938 |  | 6,337,570
European | 724,002 |  | 894,240 |  | 2,080,729 |  | 2,230,191
Total recreational vehicles | 4,417,184 |  | 3,395,735 |  | 11,901,667 |  | 8,567,761
Other | 383,170 |  | 106,960 |  | 935,146 |  | 262,381
Intercompany eliminations | (142,837) |  | (43,431) |  | (346,054) |  | (105,730)
Total | $ | 4,657,517 |  | $ | 3,459,264 |  | $ | 12,490,759 |  | $ | 8,724,412
| Three Months Ended April 30, |  | Nine Months Ended April 30,
INCOME (LOSS) BEFORE INCOME TAXES: | 2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 326,697 |  | $ | 167,693 |  | $ | 868,874 |  | $ | 456,752
North American Motorized | 116,293 |  | 54,780 |  | 309,228 |  | 139,768
Total North America | 442,990 |  | 222,473 |  | 1,178,102 |  | 596,520
European | 20,559 |  | 43,993 |  | 12,248 |  | 48,703
Total recreational vehicles | 463,549 |  | 266,466 |  | 1,190,350 |  | 645,223
Other, net | 46,910 |  | 16,667 |  | 93,531 |  | 37,801
Corporate | (48,052) |  | (50,454) |  | (162,379) |  | (140,067)
Total | $ | 462,407 |  | $ | 232,679 |  | $ | 1,121,502 |  | $ | 542,957
TOTAL ASSETS: | April 30, 2022 |  | July 31, 2021 |  |  |  |
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 2,268,957 |  | $ | 1,870,577 |  |  |  |
North American Motorized | 1,247,443 |  | 1,073,506 |  |  |  |
Total North America | 3,516,400 |  | 2,944,083 |  |  |  |
European | 2,565,984 |  | 2,975,821 |  |  |  |
Total recreational vehicles | 6,082,384 |  | 5,919,904 |  |  |  |
Other | 1,270,417 |  | 272,350 |  |  |  |
Corporate | 382,699 |  | 461,834 |  |  |  |
Total | $ | 7,735,500 |  | $ | 6,654,088 |  |  |  |
DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE: | Three Months Ended April 30, |  | Nine Months Ended April 30,
2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 16,149 |  | $ | 16,904 |  | $ | 48,764 |  | $ | 49,029
North American Motorized | 7,388 |  | 7,008 |  | 21,517 |  | 16,112
Total North America | 23,537 |  | 23,912 |  | 70,281 |  | 65,141
European | 31,501 |  | 31,251 |  | 99,910 |  | 94,182
Total recreational vehicles | 55,038 |  | 55,163 |  | 170,191 |  | 159,323
Other | 16,177 |  | 3,108 |  | 41,014 |  | 9,058
Corporate | 431 |  | 418 |  | 1,289 |  | 1,262
Total | $ | 71,646 |  | $ | 58,689 |  | $ | 212,494 |  | $ | 169,643
| Three Months Ended April 30, |  | Nine Months Ended April 30,
CAPITAL ACQUISITIONS: | 2022 |  | 2021 |  | 2022 |  | 2021
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 19,833 |  | $ | 9,750 |  | $ | 54,446 |  | $ | 26,071
North American Motorized | 9,885 |  | 6,716 |  | 25,205 |  | 12,191
Total North America | 29,718 |  | 16,466 |  | 79,651 |  | 38,262
European | 16,173 |  | 14,889 |  | 70,400 |  | 38,105
Total recreational vehicles | 45,891 |  | 31,355 |  | 150,051 |  | 76,367
Other | 9,272 |  | 1,427 |  | 21,452 |  | 4,087
Corporate | 501 |  | 358 |  | 584 |  | 747
Total | $ | 55,664 |  | $ | 33,140 |  | $ | 172,087 |  | $ | 81,201

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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