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Business Segments | 12 Months Ended
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Aug. 26, 2017
Segment Reporting [Abstract] |
Business Segments | Business Segments We report segment information based on the "management" approach defined in ASC 280, Segment Reporting. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of our reportable segments. In the first quarter of Fiscal 2017, we revised our reporting segments. Previously we had one reporting segment which included all recreational vehicle products and services. With the acquisition of Grand Design in the first quarter of Fiscal 2017, we expanded the number of reporting segments to two: (1) Motorized products and services and (2) Towable products and services. The Towable segment includes all products which are not motorized and are generally towed by another vehicle. The Motorized segment includes all products that include a motorized chassis as well as other related manufactured products. Prior year segment information has been restated to conform to the current reporting segment presentation. We organize our business reporting on a product basis. Each reportable segment is managed separately to better align to our customers, distribution partners and the unique market dynamics of the product groups. The accounting policies of both reportable segments are the same and described in Note 1, "Summary of Significant Accounting Policies". We evaluate the performance of our reportable segments based on Adjusted EBITDA. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization and other adjustments made in order to present comparable results from period to period. Examples of items excluded from Adjusted EBITDA include the postretirement health care benefit income resulting from the plan amendments over the past several years, favorable legal settlements including our Fiscal 2016 Australia trademark settlement, and transaction costs related to our pending acquisition of Grand Design RV. The following table shows information by reporting segment for Fiscal 2017, Fiscal 2016 and Fiscal 2015:
| Year Ended
(In thousands) | August 26, 2017 |  | August 27, 2016 |  | August 29, 2015
Net revenues |  |  |  |  |
Motorized | $ | 861,922 |  |  | $ | 885,814 |  |  | $ | 904,821 |
Towable | 685,197 |  |  | 89,412 |  |  | 71,684 |
Consolidated | $ | 1,547,119 |  |  | $ | 975,226 |  |  | $ | 976,505 |
Adjusted EBITDA |  |  |  |  |
Motorized | $ | 43,948 |  |  | $ | 57,365 |  |  | $ | 57,102 |
Towable | 94,929 |  |  | 4,952 |  |  | 2,767 |
Consolidated | $ | 138,877 |  |  | $ | 62,317 |  |  | $ | 59,869 |
Capital Expenditures |  |  |  |  |
Motorized | $ | 9,587 |  |  | $ | 23,920 |  |  | $ | 10,923 |
Towable | 4,406 |  |  | 631 |  |  | 5,650 |
Consolidated | $ | 13,993 |  |  | $ | 24,551 |  |  | $ | 16,573 |
| Year Ended
(In thousands) | August 26, 2017 |  | August 27, 2016
Total Assets |  |  |
Motorized | $ | 333,600 |  |  | $ | 368,941 |
Towable | 568,912 |  |  | 21,777 |
Consolidated | $ | 902,512 |  |  | $ | 390,718 |
Reconciliation of net income to consolidated Adjusted EBITDA:
| Year Ended
(In thousands) | August 26, 2017 |  | August 27, 2016 |  | August 29, 2015
Net income | $ | 71,330 |  |  | $ | 45,496 |  |  | $ | 41,210 |
Interest expense | 16,837 |  |  | — |  |  | 10 |
Provision for income taxes | 37,269 |  |  | 20,702 |  |  | 18,324 |
Depreciation | 7,315 |  |  | 5,745 |  |  | 4,513 |
Amortization | 24,660 |  |  | — |  |  | — |
EBITDA | 157,411 |  |  | 71,943 |  |  | 64,057 |
Postretirement health care benefit income | (24,796 | ) |  | (6,124 | ) |  | (4,073 | )
Legal settlement | — |  |  | (3,400 | ) |  | — |
Transaction costs | 6,592 |  |  | 355 |  |  | — |
Non-operating income | (330 | ) |  | (457 | ) |  | (115 | )
Adjusted EBITDA | $ | 138,877 |  |  | $ | 62,317 |  |  | $ | 59,869 |
Net revenue by geographic area:
| Year Ended
(In thousands) | August 26, 2017 |  | August 27, 2016 |  | August 29, 2015
United States | $ | 1,445,401 |  | 93.4 | % |  | $ | 940,230 |  | 96.4 | % |  | $ | 920,315 |  | 94.2 | %
International | 101,718 |  | 6.6 | % |  | 34,996 |  | 3.6 | % |  | 56,190 |  | 5.8 | %
Total net revenues | $ | 1,547,119 |  | 100.0 | % |  | $ | 975,226 |  | 100.0 | % |  | $ | 976,505 |  | 100.0 | %

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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