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v3.20.2

Business Segments (Tables) | 12 Months Ended
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Aug. 29, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table shows information by reportable segment:
(in thousands) | 2020 |  | 2019 |  | 2018
Net Revenues |  |  |  |  |
Towable | $ | 1,227,567 |  |  | $ | 1,197,327 |  |  | $ | 1,127,723 |
Motorhome | 1,056,794 |  |  | 706,927 |  |  | 860,675 |
Corporate / All Other | 71,172 |  |  | 81,420 |  |  | 28,431 |
Consolidated | $ | 2,355,533 |  |  | $ | 1,985,674 |  |  | $ | 2,016,829 |
Adjusted EBITDA |  |  |  |  |
Towable | $ | 148,276 |  |  | $ | 163,677 |  |  | $ | 157,010 |
Motorhome | 32,949 |  |  | 27,455 |  |  | 35,508 |
Corporate / All Other | (13,150) |  |  | (11,480) |  |  | (10,772) |
Consolidated | $ | 168,075 |  |  | $ | 179,652 |  |  | $ | 181,746 |
Capital expenditures |  |  |  |  |
Towable | $ | 13,389 |  |  | $ | 27,679 |  |  | $ | 18,460 |
Motorhome | 15,061 |  |  | 9,969 |  |  | 9,302 |
Corporate / All Other | 3,927 |  |  | 3,210 |  |  | 906 |
Consolidated | $ | 32,377 |  |  | $ | 40,858 |  |  | $ | 28,668 |
(in thousands) | August 29, 2020 |  | August 31, 2019
Total Assets |  |  |
Towable | $ | 718,253 |  |  | $ | 628,994 |
Motorhome | 600,304 |  |  | 332,157 |
Corporate / All Other | 395,143 |  |  | 143,080 |
Consolidated | $ | 1,713,700 |  |  | $ | 1,104,231 |
The following table reconciles net income to consolidated Adjusted EBITDA:
(in thousands) | 2020 |  | 2019 |  | 2018
Net income | $ | 61,442 |  |  | $ | 111,798 |  |  | $ | 102,357 |
Interest expense | 37,461 |  |  | 17,939 |  |  | 18,246 |
Provision for income taxes | 15,834 |  |  | 27,111 |  |  | 40,283 |
Depreciation | 15,997 |  |  | 13,682 |  |  | 9,849 |
Amortization of intangible assets | 22,104 |  |  | 9,635 |  |  | 9,328 |
EBITDA | 152,838 |  |  | 180,165 |  |  | 180,063 |
Acquisition-related fair-value inventory step-up | 4,810 |  |  | — |  |  | — |
Acquisition-related costs | 9,761 |  |  | — |  |  | 2,177 |
Restructuring(1) | 1,640 |  |  | 1,068 |  |  | — |
Non-operating income | (974) |  |  | (1,581) |  |  | (494) |
Adjusted EBITDA | $ | 168,075 |  |  | $ | 179,652 |  |  | $ | 181,746 |
(1) Balance excludes depreciation expense classified as restructuring as the balance is already included in the EBITDA calculation.
Schedule of Revenue by Geographic Area | The following table reconciles net revenues by geographic area:
(in thousands) | 2020 |  | 2019 |  | 2018
United States | $ | 2,225,028 |  |  | $ | 1,836,472 |  |  | $ | 1,860,613 |
International | 130,505 |  |  | 149,202 |  |  | 156,216 |
Net Revenues | $ | 2,355,533 |  |  | $ | 1,985,674 |  |  | $ | 2,016,829 |

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