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v3.20.1

Business Segments (Tables) | 9 Months Ended
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May 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table shows information by reportable segment:
| Three Months Ended |  |  |  | Nine Months Ended |  |
(in thousands) | May 30, 2020 |  | May 25, 2019 |  | May 30, 2020 |  | May 25, 2019
Net Revenues |  |  |  |  |  |  |
Towable | $ | 188,898 |  |  | $ | 346,811 |  |  | $ | 813,611 |  |  | $ | 890,335 |
Motorhome | 203,590 |  |  | 160,239 |  |  | 755,023 |  |  | 506,229 |
Corporate / All Other | 9,970 |  |  | 21,890 |  |  | 49,092 |  |  | 58,714 |
Consolidated | $ | 402,458 |  |  | $ | 528,940 |  |  | $ | 1,617,726 |  |  | $ | 1,455,278 |
Adjusted EBITDA |  |  |  |  |  |  |
Towable | $ | 16,451 |  |  | $ | 57,172 |  |  | $ | 86,982 |  |  | $ | 121,638 |
Motorhome | (10,789) |  |  | 381 |  |  | 13,488 |  |  | 16,716 |
Corporate / All Other | (1,588) |  |  | (1,679) |  |  | (8,919) |  |  | (9,539) |
Consolidated | $ | 4,074 |  |  | $ | 55,874 |  |  | $ | 91,551 |  |  | $ | 128,815 |
Capital Expenditures |  |  |  |  |  |  |
Towable | $ | 2,296 |  |  | $ | 4,810 |  |  | $ | 11,962 |  |  | $ | 21,335 |
Motorhome | 5,768 |  |  | 2,543 |  |  | 13,348 |  |  | 7,933 |
Corporate / All Other | 1,492 |  |  | 962 |  |  | 3,272 |  |  | 2,413 |
Consolidated | $ | 9,556 |  |  | $ | 8,315 |  |  | $ | 28,582 |  |  | $ | 31,681 |
(in thousands) |  |  |  |  | May 30, 2020 |  | August 31, 2019
Total Assets |  |  |  |  |  |  |
Towable |  |  |  |  | $ | 652,351 |  |  | $ | 628,994 |
Motorhome |  |  |  |  | 620,425 |  |  | 332,157 |
Corporate / All Other |  |  |  |  | 260,264 |  |  | 143,080 |
Consolidated |  |  |  |  | $ | 1,533,040 |  |  | $ | 1,104,231 |
Reconciliation of net income to consolidated Adjusted EBITDA:
| Three Months Ended |  |  |  | Nine Months Ended |  |
(in thousands) | May 30, 2020 |  | May 25, 2019 |  | May 30, 2020 |  | May 25, 2019
Net (loss) income | $ | (12,353) |  |  | $ | 36,171 |  |  | $ | 18,983 |  |  | $ | 79,930 |
Interest expense | 8,440 |  |  | 4,446 |  |  | 23,140 |  |  | 13,293 |
(Benefit) provision for income taxes | (4,186) |  |  | 8,717 |  |  | 3,702 |  |  | 18,609 |
Depreciation | 4,134 |  |  | 3,520 |  |  | 11,854 |  |  | 9,788 |
Amortization of intangible assets | 6,926 |  |  | 2,278 |  |  | 18,514 |  |  | 7,204 |
EBITDA | 2,961 |  |  | 55,132 |  |  | 76,193 |  |  | 128,824 |
Acquisition-related fair-value inventory step-up | — |  |  | — |  |  | 4,810 |  |  | — |
Acquisition-related costs | (189) |  |  | — |  |  | 9,761 |  |  | — |
Restructuring expenses | 1,376 |  |  | 1,102 |  |  | 1,247 |  |  | 1,321 |
Non-operating income | (74) |  |  | (360) |  |  | (460) |  |  | (1,330) |
Adjusted EBITDA | $ | 4,074 |  |  | $ | 55,874 |  |  | $ | 91,551 |  |  | $ | 128,815 |

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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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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