Supplementary Balance Sheet Information (Tables)

12 Months Ended

Jul. 31, 2020

Balance Sheet Related Disclosures [Abstract]

Composition Of Property, Plant And Equipment

The composition of property, plant and equipment, including capital lease assets, follows (in thousands):



	July 31,
	2020			2019
Land and land improvements	$	750,714		$	619,561
Buildings and building improvements	1,475,661			1,284,438
Machinery and equipment	1,361,178			1,160,817
Furniture and fixtures	308,267			309,271
Software	104,223			118,815
Vehicles	80,510			65,556
Construction in progress	81,967			79,282
Gross property, plant and equipment	4,162,520			3,637,740
Accumulated depreciation	(1,969,841		)	(1,795,240		)
Property, plant and equipment, net	$	2,192,679		$	1,842,500

Composition Of Goodwill And Intangible Assets

The composition of goodwill and intangible assets follows (in thousands):



	July 31,
	2020			2019
Goodwill
Goodwill	$	1,752,062		$	1,625,560
Accumulated impairments	(25,688		)	—
Accumulated amortization	(17,354		)	(17,354		)
Goodwill, net	$	1,709,020		$	1,608,206

Indefinite-lived intangible assets
Trademarks	$	230,000		$	215,905
Other	41,667			42,166
Total gross indefinite-lived intangible assets	271,667			258,071
Accumulated amortization	(24,713		)	(24,713		)
Indefinite-lived intangible assets, net	$	246,954		$	233,358
Amortizable intangible assets
Trademarks	$	38,208		$	42,108
Other	70,772			67,538
Total gross amortizable intangible assets	108,980			109,646
Accumulated amortization	(41,158		)	(36,831		)
Amortizable intangible assets, net	67,822			72,815
Total gross intangible assets	380,647			367,717
Total accumulated amortization	(65,871		)	(61,544		)
Total intangible assets, net	$	314,776		$	306,173

Changes In Goodwill Amount

The changes in the net carrying amount of goodwill allocated between the Company’s segments for the years ended July 31, 2020 and 2019 are as follows (in thousands):



	Mountain			Lodging			Goodwill, net
Balance at July 31, 2018	$	1,407,787		$	67,899		$	1,475,686
Acquisitions (including measurement period adjustments)	152,049			—			152,049
Effects of changes in foreign currency exchange rates	(19,529		)	—			(19,529		)
Balance at July 31, 2019	1,540,307			67,899			1,608,206
Acquisitions (including measurement period adjustments)	135,987			—			135,987
Asset impairments	—			(25,688		)	(25,688		)
Effects of changes in foreign currency exchange rates	(9,485		)	—			(9,485		)
Balance at July 31, 2020	$	1,666,809		$	42,211		$	1,709,020

Components Of Accounts Payable And Accrued Liabilities

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



	July 31,
	2020		2019
Trade payables	$	59,692	$	96,377
Deferred revenue	256,402		335,669
Accrued salaries, wages and deferred compensation	25,588		50,318
Accrued benefits	43,704		37,797
Deposits	20,070		32,108
Operating lease liabilities	36,604		—
Other accruals	57,048		55,588
Total accounts payable and accrued liabilities	$	499,108	$	607,857

Components Of Other Long-Term Liabilities

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



	July 31,
	2020		2019
Private club deferred initiation fee revenue	$	105,108	$	109,749
Unfavorable lease obligation, net	1,651		19,017
Other long-term liabilities	163,486		154,835
Total other long-term liabilities	$	270,245	$	283,601