XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.23.3

Supplementary Balance Sheet Information | 12 Months Ended
--- | ---
Jul. 31, 2023
Balance Sheet Related Disclosures [Abstract] |
Supplementary Balance Sheet Information | Supplementary Balance Sheet Information The composition of property, plant and equipment, including finance lease assets, follows (in thousands):
| July 31,
| 2023 | 2022
Land and land improvements | $ | 796,730 |  | $ | 763,432 |
Buildings and building improvements | 1,643,517 |  | 1,545,571 |
Machinery and equipment | 1,792,378 |  | 1,505,236 |
Furniture and fixtures | 298,725 |  | 307,867 |
Software | 152,033 |  | 138,058 |
Vehicles | 87,298 |  | 81,927 |
Construction in progress | 134,113 |  | 127,282 |
Gross property, plant and equipment | 4,904,794 |  | 4,469,373 |
Accumulated depreciation | (2,533,237) |  | (2,351,321) |
Property, plant and equipment, net | $ | 2,371,557 |  | $ | 2,118,052 |
Depreciation expense, which included depreciation of assets recorded under finance leases, for the years ended July 31, 2023, 2022 and 2021 totaled $263.4 million, $247.2 million and $247.2 million, respectively. The following table summarizes the composition of property, plant and equipment recorded under finance leases as of July 31, 2023 and 2022 (in thousands):
| July 31,
| 2023 | 2022
Land | $ | 31,818 |  | $ | 31,818 |
Land improvements | 49,228 |  | 49,228 |
Buildings and building improvements | 70,917 |  | 42,160 |
Machinery and equipment | 71,527 |  | 60,384 |
Gross property, plant and equipment | 223,490 |  | 183,590 |
Accumulated depreciation | (96,257) |  | (84,556) |
Property, plant and equipment, net | $ | 127,233 |  | $ | 99,034 |
The composition of goodwill and intangible assets follows (in thousands):
| July 31,
| 2023 | 2022
Goodwill |  |
Goodwill | $ | 1,763,386 |  | $ | 1,797,970 |
Accumulated impairments | (25,688) |  | (25,688) |
Accumulated amortization | (17,354) |  | (17,354) |
Goodwill, net | $ | 1,720,344 |  | $ | 1,754,928 |
Indefinite-lived intangible assets |  |
Trademarks | $ | 237,921 |  | $ | 237,483 |
Other | 41,224 |  | 41,400 |
Total gross indefinite-lived intangible assets | 279,145 |  | 278,883 |
Accumulated amortization | (24,713) |  | (24,713) |
Indefinite-lived intangible assets, net | $ | 254,432 |  | $ | 254,170 |
Amortizable intangible assets |  |
Trademarks | $ | 38,008 |  | $ | 38,008 |
Other | 71,570 |  | 71,767 |
Total gross amortizable intangible assets | 109,578 |  | 109,775 |
Accumulated amortization | (54,665) |  | (49,887) |
Amortizable intangible assets, net | 54,913 |  | 59,888 |
Total gross intangible assets | 388,723 |  | 388,658 |
Total accumulated amortization | (79,378) |  | (74,600) |
Total intangible assets, net | $ | 309,345 |  | $ | 314,058 |
Amortization expense for intangible assets subject to amortization for the years ended July 31, 2023, 2022 and 2021 totaled $5.1 million, $5.2 million and $5.4 million, respectively, and is estimated to be approximately $3.2 million annually, on average, for the next five fiscal years. The changes in the net carrying amount of goodwill allocated between the Company’s segments for the years ended July 31, 2023 and 2022 are as follows (in thousands):
| Mountain | Lodging | Goodwill, net
Balance at July 31, 2021 | $ | 1,738,836 |  | $ | 42,211 |  | $ | 1,781,047 |
Acquisitions (including measurement period adjustments) | 2,196 |  | 2,795 |  | 4,991 |
Effects of changes in foreign currency exchange rates | (31,110) |  | — |  | (31,110) |
Balance at July 31, 2022 | 1,709,922 |  | 45,006 |  | 1,754,928 |
Acquisition (including measurement period adjustments) | 3,368 |  | — |  | 3,368 |
Disposal of retail and rental stores (1) | (5,975) |  | — |  | (5,975) |
Effects of changes in foreign currency exchange rates | (31,977) |  | — |  | (31,977) |
Balance at July 31, 2023 | $ | 1,675,338 |  | $ | 45,006 |  | $ | 1,720,344 |
(1) During the year ended July 31, 2023, the Company completed a sale of five retail and rental stores in Telluride, Colorado (the “Disposal Group”) to an unrelated party for cash, which the Company determined constituted the sale of a business. As of April 30, 2023, the Company allocated a proportionate share of the applicable reporting unit’s goodwill to the Disposal Group, and reduced the carrying value of the Disposal Group to its net realizable value. The composition of accounts payable and accrued liabilities follows (in thousands):
| July 31,
| 2023 | 2022
Trade payables | $ | 148,521 |  | $ | 151,263 |
Deferred revenue | 572,602 |  | 511,306 |
Accrued salaries, wages and deferred compensation | 38,908 |  | 64,570 |
Accrued benefits | 60,466 |  | 45,202 |
Deposits | 37,798 |  | 37,731 |
Operating lease liabilities | 36,904 |  | 34,218 |
Other accruals | 82,822 |  | 98,540 |
Total accounts payable and accrued liabilities | $ | 978,021 |  | $ | 942,830 |

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration