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Business Segments
 12 Months Ended
Aug. 27, 2016
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 2016, Fiscal 2015 and Fiscal 2014:
 
Year Ended
(In thousands)
August 27,
2016
 
August 29,
2015
 
August 30,
2014
Net revenues
 
 
 
 
 
Motorized
$
885,814

 
$
904,821

 
$
887,040

Towable
89,412

 
71,684

 
58,123

Consolidated
$
975,226

 
$
976,505

 
$
945,163

 
 
 
 
 
 
Adjusted EBITDA
 
 
 
 
 
Motorized
$
57,365

 
$
57,102

 
$
61,974

Towable
4,952

 
2,767

 
1,359

Consolidated
$
62,317

 
$
59,869

 
$
63,333

 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
Motorized
$
23,920

 
$
10,923

 
$
10,383

Towable
631

 
5,650

 
93

   Consolidated
$
24,551

 
$
16,573

 
$
10,476


 
Year Ended
(In thousands)
August 27,
2016
 
August 29,
2015
Total Assets
 
 
 
Motorized
$
368,941

 
$
339,392

Towable
21,777

 
22,782

   Consolidated
$
390,718

 
$
362,174


Reconciliation of net income to consolidated Adjusted EBITDA:
 
Year Ended
(In thousands)
August 27,
2016
 
August 29,
2015
 
August 30,
2014
Net income
$
45,496

 
$
41,210

 
$
45,053

Interest expense
—

 
10

 
—

Provision for income taxes
20,702

 
18,324

 
19,624

Depreciation and amortization
5,745

 
4,513

 
3,997

EBITDA
71,943

 
64,057

 
68,674

Postretirement health care benefit income
(6,124
)
 
(4,073
)
 
(4,573
)
Legal settlement
(3,400
)
 
—

 
—

Transaction costs
355

 
—

 
—

Non-operating income
(457
)
 
(115
)
 
(768
)
Adjusted EBITDA
$
62,317

 
$
59,869

 
$
63,333



Net revenue by geographic area:
 
Year Ended
(In thousands)
August 27, 2016
 
August 29, 2015
 
August 30, 2014
United States
$
940,230

96.4
%
 
$
920,315

94.2
%
 
$
873,910

92.5
%
International
34,996

3.6
%
 
56,190

5.8
%
 
71,253

7.5
%
Total net revenues
$
975,226

100.0
%
 
$
976,505

100.0
%
 
$
945,163

100.0
%