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Business Segments | 3 Months Ended
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Oct. 31, 2023
Segment Reporting [Abstract] |
Business Segments | Business Segments The Company has three reportable segments, all related to recreational vehicles: (1) North American Towable Recreational Vehicles, (2) North American Motorized Recreational Vehicles and (3) European Recreational Vehicles. The operations of the Company's Airxcel and Postle subsidiaries are included in “Other”. Net sales included in Other relate primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Airxcel and Postle sales to the Company’s North American Towable 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 October 31,
NET SALES: |  |  |  |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towable |  |  |  |  | $ | 945,454 |  | $ | 1,317,806
North American Motorized |  |  |  |  | 711,159 |  | 1,123,519
Total North America |  |  |  |  | 1,656,613 |  | 2,441,325
European |  |  |  |  | 708,201 |  | 504,302
Total recreational vehicles |  |  |  |  | 2,364,814 |  | 2,945,627
Other |  |  |  |  | 198,921 |  | 232,648
Intercompany eliminations |  |  |  |  | (62,976) |  | (70,191)
Total |  |  |  |  | $ | 2,500,759 |  | $ | 3,108,084
|  |  | Three Months Ended October 31,
INCOME (LOSS) BEFORE INCOME TAXES: |  |  |  |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towable |  |  |  |  | $ | 49,249 |  | $ | 111,007
North American Motorized |  |  |  |  | 37,052 |  | 124,433
Total North America |  |  |  |  | 86,301 |  | 235,440
European |  |  |  |  | 28,767 |  | (6,468)
Total recreational vehicles |  |  |  |  | 115,068 |  | 228,972
Other, net |  |  |  |  | 9,476 |  | 4,745
Corporate |  |  |  |  | (51,962) |  | (54,446)
Total |  |  |  |  | $ | 72,582 |  | $ | 179,271
TOTAL ASSETS: | October 31, 2023 |  | July 31, 2023 |  |  |  |
Recreational vehicles |  |  |  |  |  |  |
North American Towable | $ | 1,442,405 |  | $ | 1,429,899 |  |  |  |
North American Motorized | 1,269,984 |  | 1,268,109 |  |  |  |
Total North America | 2,712,389 |  | 2,698,008 |  |  |  |
European | 2,787,150 |  | 2,898,175 |  |  |  |
Total recreational vehicles | 5,499,539 |  | 5,596,183 |  |  |  |
Other | 1,032,989 |  | 1,048,076 |  |  |  |
Corporate | 639,945 |  | 616,571 |  |  |  |
Total | $ | 7,172,473 |  | $ | 7,260,830 |  |  |  |
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE: |  |  | Three Months Ended October 31,
|  |  |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towable |  |  |  |  | $ | 13,764 |  | $ | 15,437
North American Motorized |  |  |  |  | 8,942 |  | 8,161
Total North America |  |  |  |  | 22,706 |  | 23,598
European |  |  |  |  | 30,397 |  | 27,302
Total recreational vehicles |  |  |  |  | 53,103 |  | 50,900
Other |  |  |  |  | 13,626 |  | 15,648
Corporate |  |  |  |  | 549 |  | 445
Total |  |  |  |  | $ | 67,278 |  | $ | 66,993
|  |  | Three Months Ended October 31,
CAPITAL ACQUISITIONS: |  |  |  |  | 2023 |  | 2022
Recreational vehicles |  |  |  |  |  |  |
North American Towable |  |  |  |  | $ | 6,930 |  | $ | 21,174
North American Motorized |  |  |  |  | 7,475 |  | 19,064
Total North America |  |  |  |  | 14,405 |  | 40,238
European |  |  |  |  | 14,760 |  | 8,920
Total recreational vehicles |  |  |  |  | 29,165 |  | 49,158
Other |  |  |  |  | 8,291 |  | 4,812
Corporate |  |  |  |  | 2,735 |  | 120
Total |  |  |  |  | $ | 40,191 |  | $ | 54,090

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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