Supplementary Balance Sheet Information

The composition of property, plant and equipment follows (in thousands):



	April 30, 2015			July 31, 2014			April 30, 2014
Land and land improvements	$	413,775		$	348,328		$	350,674
Buildings and building improvements	957,594			907,280			908,829
Machinery and equipment	777,011			700,745			701,825
Furniture and fixtures	284,403			269,209			273,202
Software	105,482			98,653			99,958
Vehicles	59,708			55,724			55,324
Construction in progress	20,245			31,487			19,453
Gross property, plant and equipment	2,618,218			2,411,426			2,409,265
Accumulated depreciation	(1,359,125		)	(1,263,436		)	(1,244,878		)
Property, plant and equipment, net	$	1,259,093		$	1,147,990		$	1,164,387

The composition of accounts payable and accrued liabilities follows (in thousands):



	April 30, 2015		July 31, 2014		April 30, 2014
Trade payables	$	52,371	$	71,823	$	48,406
Deferred revenue	115,300		110,566		93,135
Accrued salaries, wages and deferred compensation	38,594		29,833		35,221
Accrued benefits	26,459		21,351		25,468
Deposits	18,199		15,272		17,772
Accrued interest	7,865		5,429		13,549
Other accruals	34,268		34,944		31,226
Total accounts payable and accrued liabilities	$	293,056	$	289,218	$	264,777

The composition of other long-term liabilities follows (in thousands):



	April 30, 2015		July 31, 2014		April 30, 2014
Private club deferred initiation fee revenue	$	128,295	$	128,824	$	130,543
Unfavorable lease obligation, net	29,325		31,338		32,034
Other long-term liabilities	78,312		100,519		77,357
Total other long-term liabilities	$	235,932	$	260,681	$	239,934

The changes in the net carrying amount of goodwill allocated between the Company's segments for the nine months ended April 30, 2015 are as follows (in thousands):



	Mountain			Lodging		Goodwill, net
Balance at July 31, 2014	$	310,249		$	67,899	$	378,148
Acquisition	92,431			—		92,431
Effects of changes in foreign currency exchange rates	(293		)	—		(293		)
Balance at April 30, 2015	$	402,387		$	67,899	$	470,286