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Business Segments (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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