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INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
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Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL The components of amortizable intangible assets are as follows:
|  |  | July 31, 2023 |  | July 31, 2022
|  |  | Cost |  | Accumulated Amortization |  | Cost |  | Accumulated Amortization
Dealer networks/customer relationships |  |  | $ | 1,112,273 |  |  | $ | 526,327 |  |  | $ | 1,090,528 |  |  | $ | 420,623 |
Trademarks |  |  | 355,560 |  |  | 96,087 |  |  | 351,152 |  |  | 77,660 |
Design technology and other intangibles |  |  | 258,868 |  |  | 107,483 |  |  | 253,918 |  |  | 80,465 |
Non-compete agreements |  |  | 1,400 |  |  | 1,225 |  |  | 1,400 |  |  | 758 |
Total amortizable intangible assets |  |  | $ | 1,728,101 |  |  | $ | 731,122 |  |  | $ | 1,696,998 |  |  | $ | 579,506 |
Estimated annual amortization expense is as follows:
For the fiscal year ending July 31, 2024 | $ | 130,081 |
For the fiscal year ending July 31, 2025 | 118,128 |
For the fiscal year ending July 31, 2026 | 106,812 |
For the fiscal year ending July 31, 2027 | 98,054 |
For the fiscal year ending July 31, 2028 | 90,640 |
For the fiscal year ending July 31, 2029 and thereafter | 453,264 |
| $ | 996,979 |
The Company completed its annual goodwill impairment test for fiscal 2023 as of May 31, 2023, and no impairment was identified. There were no impairments of goodwill during fiscal 2022 or 2021. Changes in the carrying amount of goodwill by reportable segment as of July 31, 2023 and July 31, 2022 are summarized as follows:
|  | North American Towable |  | North American Motorized |  | European |  | Other |  | Total
Net balance as of July 31, 2021 |  | $ | 344,975 |  |  | $ | 53,875 |  |  | $ | 1,041,697 |  |  | $ | 122,708 |  |  | $ | 1,563,255 |
Fiscal year 2022 activity: |  |  |  |  |  |  |  |  |  |
Goodwill acquired |  | — |  |  | — |  |  | — |  |  | 389,838 |  |  | 389,838 |
Measurement period adjustments |  | — |  |  | — |  |  | — |  |  | (628) |  |  | (628) |
Foreign currency translation and other |  | — |  |  | — |  |  | (148,314) |  |  | — |  |  | (148,314) |
Net balance as of July 31, 2022 |  | $ | 344,975 |  |  | $ | 53,875 |  |  | $ | 893,383 |  |  | $ | 511,918 |  |  | $ | 1,804,151 |
Fiscal year 2023 activity: |  |  |  |  |  |  |  |  |  |
Goodwill acquired |  | 4,097 |  |  | — |  |  | — |  |  | — |  |  | 4,097 |
Measurement period adjustments |  | — |  |  | — |  |  | — |  |  | 4,682 |  |  | 4,682 |
Foreign currency translation and other |  | (11,189) |  |  | 11,189 |  |  | 72,375 |  |  | — |  |  | 72,375 |
Deconsolidation of Roadpass Digital |  | — |  |  | — |  |  | — |  |  | (84,883) |  |  | (84,883) |
Net balance as of July 31, 2023 |  | $ | 337,883 |  |  | $ | 65,064 |  |  | $ | 965,758 |  |  | $ | 431,717 |  |  | $ | 1,800,422 |
The components of the goodwill balances as of July 31, 2023 and July 31, 2022 are summarized as follows:
|  | North American Towable |  | North American Motorized |  | European |  | Other |  | Total
Goodwill |  | $ | 348,032 |  |  | $ | 82,316 |  |  | $ | 965,758 |  |  | $ | 431,717 |  |  | $ | 1,827,823 |
Accumulated impairment charges |  | (10,149) |  |  | (17,252) |  |  | — |  |  | — |  |  | (27,401) |
Net balance as of July 31, 2023 |  | $ | 337,883 |  |  | $ | 65,064 |  |  | $ | 965,758 |  |  | $ | 431,717 |  |  | $ | 1,800,422 |
|  | North American Towable |  | North American Motorized |  | European |  | Other |  | Total
Goodwill |  | $ | 355,124 |  |  | $ | 71,127 |  |  | $ | 893,383 |  |  | $ | 511,918 |  |  | $ | 1,831,552 |
Accumulated impairment charges |  | (10,149) |  |  | (17,252) |  |  | — |  |  | — |  |  | (27,401) |
Net balance as of July 31, 2022 |  | $ | 344,975 |  |  | $ | 53,875 |  |  | $ | 893,383 |  |  | $ | 511,918 |  |  | $ | 1,804,151 |

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