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v3.20.1

Business Segments (Tables) | 6 Months Ended
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Feb. 29, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table shows information by reportable segment:
| Three Months Ended |  |  |  | Six Months Ended |  |
(in thousands) | February 29, 2020 |  | February 23, 2019 |  | February 29, 2020 |  | February 23, 2019
Net Revenues |  |  |  |  |  |  |
Towable | $ | 283,463 |  |  | $ | 250,691 |  |  | $ | 624,713 |  |  | $ | 543,524 |
Motorhome | 325,542 |  |  | 164,662 |  |  | 551,433 |  |  | 345,990 |
Corporate / All Other | 17,805 |  |  | 17,337 |  |  | 39,122 |  |  | 36,824 |
Consolidated | $ | 626,810 |  |  | $ | 432,690 |  |  | $ | 1,215,268 |  |  | $ | 926,338 |
Adjusted EBITDA |  |  |  |  |  |  |
Towable | $ | 34,746 |  |  | $ | 33,638 |  |  | $ | 70,531 |  |  | $ | 64,466 |
Motorhome | 14,946 |  |  | 4,359 |  |  | 24,277 |  |  | 16,335 |
Corporate / All Other | (4,263) |  |  | (3,509) |  |  | (7,331) |  |  | (7,860) |
Consolidated | $ | 45,429 |  |  | $ | 34,488 |  |  | $ | 87,477 |  |  | $ | 72,941 |
Capital Expenditures |  |  |  |  |  |  |
Towable | $ | 5,640 |  |  | $ | 7,648 |  |  | $ | 9,666 |  |  | $ | 16,525 |
Motorhome | 5,372 |  |  | 2,198 |  |  | 7,612 |  |  | 5,390 |
Corporate / All Other | 1,421 |  |  | 749 |  |  | 1,779 |  |  | 1,451 |
Consolidated | $ | 12,433 |  |  | $ | 10,595 |  |  | $ | 19,057 |  |  | $ | 23,366 |
(in thousands) |  |  |  |  | February 29, 2020 |  | August 31, 2019
Total Assets |  |  |  |  |  |  |
Towable |  |  |  |  | $ | 687,718 |  |  | $ | 628,994 |
Motorhome |  |  |  |  | 653,014 |  |  | 332,157 |
Corporate / All Other |  |  |  |  | 231,195 |  |  | 143,080 |
Consolidated |  |  |  |  | $ | 1,571,927 |  |  | $ | 1,104,231 |
Reconciliation of net income to consolidated Adjusted EBITDA:
| Three Months Ended |  |  |  | Six Months Ended |  |
(in thousands) | February 29, 2020 |  | February 23, 2019 |  | February 29, 2020 |  | February 23, 2019
Net income | $ | 17,268 |  |  | $ | 21,598 |  |  | $ | 31,336 |  |  | $ | 43,759 |
Interest expense | 8,651 |  |  | 4,346 |  |  | 14,700 |  |  | 8,847 |
Provision for income taxes | 3,995 |  |  | 3,166 |  |  | 7,888 |  |  | 9,892 |
Depreciation | 4,134 |  |  | 3,099 |  |  | 7,720 |  |  | 6,268 |
Amortization of intangible assets | 7,974 |  |  | 2,267 |  |  | 11,588 |  |  | 4,926 |
EBITDA | 42,022 |  |  | 34,476 |  |  | 73,232 |  |  | 73,692 |
Acquisition-related fair-value inventory step-up | 3,634 |  |  |  |  | 4,810 |  |  | — |
Acquisition-related costs | — |  |  | — |  |  | 9,950 |  |  | — |
Restructuring expenses | 43 |  |  | 219 |  |  | (129) |  |  | 219 |
Non-operating income | (270) |  |  | (207) |  |  | (386) |  |  | (970) |
Adjusted EBITDA | $ | 45,429 |  |  | $ | 34,488 |  |  | $ | 87,477 |  |  | $ | 72,941 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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