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Business Segments | 6 Months Ended
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Jan. 31, 2023
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 and Airxcel subsidiaries are included in “Other”, along with the operations of Roadpass Digital through December 30, 2022 as discussed in Note 9 to the Condensed Consolidated Financial Statements. Net sales included in Other related primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Postle and Airxcel sales 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: | 2023 |  | 2022 |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 829,751 |  | $ | 1,985,088 |  | $ | 2,147,557 |  | $ | 4,225,922
North American Motorized | 738,583 |  | 976,806 |  | 1,862,102 |  | 1,901,834
Total North America | 1,568,334 |  | 2,961,894 |  | 4,009,659 |  | 6,127,756
European | 646,938 |  | 723,730 |  | 1,151,240 |  | 1,356,727
Total recreational vehicles | 2,215,272 |  | 3,685,624 |  | 5,160,899 |  | 7,484,483
Other | 164,859 |  | 294,146 |  | 397,507 |  | 551,976
Intercompany eliminations | (33,496) |  | (104,752) |  | (103,687) |  | (203,217)
Total | $ | 2,346,635 |  | $ | 3,875,018 |  | $ | 5,454,719 |  | $ | 7,833,242
| Three Months Ended January 31, |  | Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES: | 2023 |  | 2022 |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | (7,119) |  | $ | 275,895 |  | $ | 103,888 |  | $ | 542,177
North American Motorized | 61,544 |  | 104,037 |  | 185,977 |  | 192,935
Total North America | 54,425 |  | 379,932 |  | 289,865 |  | 735,112
European | 12,015 |  | 9,665 |  | 5,547 |  | (8,311)
Total recreational vehicles | 66,440 |  | 389,597 |  | 295,412 |  | 726,801
Other, net | 8,289 |  | 23,092 |  | 13,034 |  | 46,621
Corporate | (42,011) |  | (66,436) |  | (96,457) |  | (114,327)
Total | $ | 32,718 |  | $ | 346,253 |  | $ | 211,989 |  | $ | 659,095
TOTAL ASSETS: | January 31, 2023 |  | July 31, 2022 |  |  |  |
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 1,573,865 |  | $ | 2,040,841 |  |  |  |
North American Motorized | 1,417,512 |  | 1,239,476 |  |  |  |
Total North America | 2,991,377 |  | 3,280,317 |  |  |  |
European | 2,702,873 |  | 2,449,270 |  |  |  |
Total recreational vehicles | 5,694,250 |  | 5,729,587 |  |  |  |
Other | 1,109,967 |  | 1,272,829 |  |  |  |
Corporate | 507,743 |  | 405,716 |  |  |  |
Total | $ | 7,311,960 |  | $ | 7,408,132 |  |  |  |
DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE: | Three Months Ended January 31, |  | Six Months Ended January 31,
2023 |  | 2022 |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 15,028 |  | $ | 16,313 |  | $ | 30,465 |  | $ | 32,615
North American Motorized | 8,172 |  | 7,107 |  | 16,333 |  | 14,129
Total North America | 23,200 |  | 23,420 |  | 46,798 |  | 46,744
European | 28,713 |  | 33,696 |  | 56,015 |  | 68,409
Total recreational vehicles | 51,913 |  | 57,116 |  | 102,813 |  | 115,153
Other | 15,338 |  | 18,357 |  | 30,986 |  | 24,837
Corporate | 431 |  | 422 |  | 876 |  | 858
Total | $ | 67,682 |  | $ | 75,895 |  | $ | 134,675 |  | $ | 140,848
| Three Months Ended January 31, |  | Six Months Ended January 31,
CAPITAL ACQUISITIONS: | 2023 |  | 2022 |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towables | $ | 16,820 |  | $ | 21,479 |  | $ | 37,994 |  | $ | 34,613
North American Motorized | 10,266 |  | 6,691 |  | 29,330 |  | 15,320
Total North America | 27,086 |  | 28,170 |  | 67,324 |  | 49,933
European | 12,151 |  | 39,425 |  | 21,071 |  | 54,227
Total recreational vehicles | 39,237 |  | 67,595 |  | 88,395 |  | 104,160
Other | 7,957 |  | 7,763 |  | 12,769 |  | 12,180
Corporate | 151 |  | 49 |  | 271 |  | 83
Total | $ | 47,345 |  | $ | 75,407 |  | $ | 101,435 |  | $ | 116,423

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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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