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Business Segments | 6 Months Ended
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Jan. 31, 2024
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 January 31, |  | Six Months Ended January 31,
NET SALES: | 2024 |  | 2023 |  | 2024 |  | 2023
Recreational vehicles |  |  |  |  |  |  |
North American Towable | $ | 730,968 |  | $ | 829,751 |  | $ | 1,676,422 |  | $ | 2,147,557
North American Motorized | 570,424 |  | 738,583 |  | 1,281,583 |  | 1,862,102
Total North America | 1,301,392 |  | 1,568,334 |  | 2,958,005 |  | 4,009,659
European | 782,294 |  | 646,938 |  | 1,490,495 |  | 1,151,240
Total recreational vehicles | 2,083,686 |  | 2,215,272 |  | 4,448,500 |  | 5,160,899
Other | 166,534 |  | 164,859 |  | 365,455 |  | 397,507
Intercompany eliminations | (42,851) |  | (33,496) |  | (105,827) |  | (103,687)
Total | $ | 2,207,369 |  | $ | 2,346,635 |  | $ | 4,708,128 |  | $ | 5,454,719
| Three Months Ended January 31, |  | Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES: | 2024 |  | 2023 |  | 2024 |  | 2023
Recreational vehicles |  |  |  |  |  |  |
North American Towable | $ | 661 |  | $ | (7,119) |  | $ | 49,910 |  | $ | 103,888
North American Motorized | 26,460 |  | 61,544 |  | 63,512 |  | 185,977
Total North America | 27,121 |  | 54,425 |  | 113,422 |  | 289,865
European | 38,057 |  | 12,015 |  | 66,824 |  | 5,547
Total recreational vehicles | 65,178 |  | 66,440 |  | 180,246 |  | 295,412
Other, net | 7,343 |  | 8,289 |  | 16,819 |  | 13,034
Corporate | (65,627) |  | (42,011) |  | (117,589) |  | (96,457)
Total | $ | 6,894 |  | $ | 32,718 |  | $ | 79,476 |  | $ | 211,989
TOTAL ASSETS: | January 31, 2024 |  | July 31, 2023 |  |  |  |
Recreational vehicles |  |  |  |  |  |  |
North American Towable | $ | 1,375,699 |  | $ | 1,429,899 |  |  |  |
North American Motorized | 1,226,909 |  | 1,268,109 |  |  |  |
Total North America | 2,602,608 |  | 2,698,008 |  |  |  |
European | 2,988,415 |  | 2,898,175 |  |  |  |
Total recreational vehicles | 5,591,023 |  | 5,596,183 |  |  |  |
Other | 1,023,371 |  | 1,048,076 |  |  |  |
Corporate | 611,435 |  | 616,571 |  |  |  |
Total | $ | 7,225,829 |  | $ | 7,260,830 |  |  |  |
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE: | Three Months Ended January 31, |  | Six Months Ended January 31,
2024 |  | 2023 |  | 2024 |  | 2023
Recreational vehicles |  |  |  |  |  |  |
North American Towable | $ | 13,788 |  | $ | 15,028 |  | $ | 27,552 |  | $ | 30,465
North American Motorized | 8,849 |  | 8,172 |  | 17,791 |  | 16,333
Total North America | 22,637 |  | 23,200 |  | 45,343 |  | 46,798
European | 31,136 |  | 28,713 |  | 61,533 |  | 56,015
Total recreational vehicles | 53,773 |  | 51,913 |  | 106,876 |  | 102,813
Other | 13,668 |  | 15,338 |  | 27,294 |  | 30,986
Corporate | 678 |  | 431 |  | 1,227 |  | 876
Total | $ | 68,119 |  | $ | 67,682 |  | $ | 135,397 |  | $ | 134,675
| Three Months Ended January 31, |  | Six Months Ended January 31,
CAPITAL ACQUISITIONS: | 2024 |  | 2023 |  | 2024 |  | 2023
Recreational vehicles |  |  |  |  |  |  |
North American Towable | $ | 4,443 |  | $ | 16,820 |  | $ | 11,373 |  | $ | 37,994
North American Motorized | 5,386 |  | 10,266 |  | 12,861 |  | 29,330
Total North America | 9,829 |  | 27,086 |  | 24,234 |  | 67,324
European | 16,116 |  | 12,151 |  | 30,876 |  | 21,071
Total recreational vehicles | 25,945 |  | 39,237 |  | 55,110 |  | 88,395
Other | 6,244 |  | 7,957 |  | 14,535 |  | 12,769
Corporate | 4,172 |  | 151 |  | 6,907 |  | 271
Total | $ | 36,361 |  | $ | 47,345 |  | $ | 76,552 |  | $ | 101,435

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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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