XML 39 R31.htm IDEA: XBRL DOCUMENT

Business Segment Information (Tables)

3 Months Ended

Jan. 31, 2024

Segment Reporting [Abstract]

Selected Financial Information of Segments

Selected financial information of the Company’s segments is as follows:


		Three Months Ended January 31, 2024
		Specialty Vehicles				Recreational Vehicles				Corporate, Other & Elims				Consolidated
Net sales		$	417.2			$	169.4			$	(0.6	)		$	586.0
Depreciation and amortization		$	4.3			$	1.6			$	0.6			$	6.5
Capital expenditures		$	3.9			$	5.6			$	1.0			$	10.5
Total assets		$	911.6			$	394.1			$	115.4			$	1,421.1
Adjusted EBITDA		$	26.2			$	11.6			$	(7.3	)


		Three Months Ended January 31, 2023
		Specialty Vehicles				Recreational Vehicles				Corporate, Other & Elims				Consolidated
Net sales		$	358.0			$	226.0			$	(0.5	)		$	583.5
Depreciation and amortization		$	3.8			$	2.6			$	0.5			$	6.9
Capital expenditures		$	3.0			$	0.8			$	—			$	3.8
Total assets		$	974.8			$	366.2			$	60.6			$	1,401.6
Adjusted EBITDA		$	5.3			$	24.3			$	(8.3	)

Reconciliation of Segment Adjusted EBITDA to Net Income (Loss)

Provided below is a reconciliation of segment Adjusted EBITDA to Net income (loss):


		Three Months Ended January 31,
		2024				2023
Specialty Vehicles Adjusted EBITDA		$	26.2			$	5.3
Recreational Vehicles Adjusted EBITDA			11.6				24.3
Corporate and Other Adjusted EBITDA			(7.3	)			(8.3	)
Depreciation and amortization			(6.5	)			(6.9	)
Interest expense, net			(6.8	)			(7.1	)
(Provision) benefit for income taxes			(61.5	)			5.1
Transaction expenses			(5.0	)			(0.2	)
Sponsor expense reimbursement			(0.2	)			(0.2	)
Restructuring			(0.8	)			—
Restructuring related charges			(6.1	)			(5.6	)
Impairment charges			(12.6	)			—
Stock-based compensation expense			(2.9	)			(5.9	)
Legal matters			(2.9	)			(13.8	)
Gain on sale of business			257.5				—
Other items			—				(0.2	)
Net income (loss)		$	182.7			$	(13.5	)