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Business Segments
 9 Months Ended
May 30, 2020
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company has six operating segments: 1) Grand Design towables, 2) Winnebago towables, 3) Winnebago motorhomes, 4) Newmar motorhomes, 5) Chris-Craft marine, and 6) Winnebago specialty vehicles. The Company evaluates performance based on each operating segment's Adjusted EBITDA, as defined below, which excludes certain corporate administration expenses and non-operating income and expense.

The Company's two reportable segments include: 1) Towable (comprised of products which are not motorized and are generally towed by another vehicle as well as other related manufactured products and services), which is an aggregation of the Grand Design towables and the Winnebago towables operating segments and 2) Motorhome (comprised of products that include a motorized chassis as well as other related manufactured products and services), which is an aggregation of the Winnebago motorhomes and Newmar motorhomes operating segments.

The Corporate / All Other category includes the Chris-Craft marine and Winnebago specialty vehicles operating segments as well as expenses related to certain corporate administration expenses for the oversight of the enterprise. These expenses include items such as corporate leadership and administration costs.

Identifiable assets of the reportable segments exclude general corporate assets, which principally consist of cash and cash equivalents and certain deferred tax balances. The general corporate assets are included in the Corporate / All Other category.

The Company's chief operating decision maker ("CODM") is its Chief Executive Officer. The Company's CODM relies on internal management reporting that analyzes consolidated results to the net earnings level and operating segment's Adjusted EBITDA. The Company's CODM has ultimate responsibility for enterprise decisions. The Company's CODM determines, in particular, resource allocation for, and monitors the performance of, the consolidated enterprise, the Towable segment, and the Motorhome segment. The operating segments' management have responsibility for operating decisions, allocating resources, and assessing performance within their respective segments. The accounting policies of both reportable segments are the same and are described in Note 1, Summary of Significant Accounting Policies, of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the fiscal year ended August 31, 2019.

The Company evaluates the performance of its reportable segments based on Adjusted EBITDA. EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization expense. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation and amortization expense, and other adjustments made in order to present comparable results from period to period. Examples of items excluded from Adjusted EBITDA include acquisition-related fair-value inventory step-up, acquisition-related costs, restructuring expenses, and non-operating income.
The following table shows information by reportable segment:

Three Months EndedNine 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  
Motorhome203,590  160,239  755,023  506,229  
Corporate / All Other9,970  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  
Motorhome5,768  2,543  13,348  7,933  
Corporate / All Other1,492  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  
Motorhome620,425  332,157  
Corporate / All Other260,264  143,080  
Consolidated$1,533,040  $1,104,231  

Reconciliation of net income to consolidated Adjusted EBITDA:
Three Months EndedNine Months Ended
(in thousands)May 30, 2020May 25, 2019May 30, 2020May 25, 2019
Net (loss) income$(12,353) $36,171  $18,983  $79,930  
Interest expense8,440  4,446  23,140  13,293  
(Benefit) provision for income taxes(4,186) 8,717  3,702  18,609  
Depreciation4,134  3,520  11,854  9,788  
Amortization of intangible assets6,926  2,278  18,514  7,204  
EBITDA2,961  55,132  76,193  128,824  
Acquisition-related fair-value inventory step-up—  —  4,810  —  
Acquisition-related costs(189) —  9,761  —  
Restructuring expenses1,376  1,102  1,247  1,321  
Non-operating income(74) (360) (460) (1,330) 
Adjusted EBITDA$4,074  $55,874  $91,551  $128,815