XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Business Segments (Tables) | 9 Months Ended
--- | ---
May 29, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands) | May 29, 2021 |  | May 30, 2020 |  | May 29, 2021 |  | May 30, 2020
Net Revenues |  |  |  |  |  |  |
Towable | $ | 555,749 |  |  | $ | 188,898 |  |  | $ | 1,449,934 |  |  | $ | 813,611 |
Motorhome | 385,257 |  |  | 203,590 |  |  | 1,090,221 |  |  | 755,023 |
Corporate / All Other | 19,731 |  |  | 9,970 |  |  | 53,599 |  |  | 49,092 |
Consolidated | $ | 960,737 |  |  | $ | 402,458 |  |  | $ | 2,593,754 |  |  | $ | 1,617,726 |
Adjusted EBITDA |  |  |  |  |  |  |
Towable | $ | 80,130 |  |  | $ | 16,451 |  |  | $ | 205,639 |  |  | $ | 86,982 |
Motorhome | 37,467 |  |  | (10,789) |  |  | 118,779 |  |  | 13,488 |
Corporate / All Other | (7,823) |  |  | (1,588) |  |  | (17,386) |  |  | (8,919) |
Consolidated | $ | 109,774 |  |  | $ | 4,074 |  |  | $ | 307,032 |  |  | $ | 91,551 |
Capital Expenditures |  |  |  |  |  |  |
Towable | $ | 4,639 |  |  | $ | 2,296 |  |  | $ | 11,490 |  |  | $ | 11,962 |
Motorhome | 2,976 |  |  | 5,768 |  |  | 10,247 |  |  | 13,348 |
Corporate / All Other | 1,061 |  |  | 1,492 |  |  | 1,859 |  |  | 3,272 |
Consolidated | $ | 8,676 |  |  | $ | 9,556 |  |  | $ | 23,596 |  |  | $ | 28,582 |
(in thousands) |  |  |  |  | May 29, 2021 |  | August 29, 2020
Assets |  |  |  |  |  |  |
Towable |  |  |  |  | $ | 745,249 |  |  | $ | 718,253 |
Motorhome |  |  |  |  | 721,603 |  |  | 600,304 |
Corporate / All Other |  |  |  |  | 512,918 |  |  | 395,143 |
Consolidated |  |  |  |  | $ | 1,979,770 |  |  | $ | 1,713,700 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands) | May 29, 2021 |  | May 30, 2020 |  | May 29, 2021 |  | May 30, 2020
Net income (loss) | $ | 71,295 |  |  | $ | (12,353) |  |  | $ | 197,786 |  |  | $ | 18,983 |
Interest expense | 10,229 |  |  | 8,440 |  |  | 30,222 |  |  | 23,140 |
Provision (benefit) for income taxes | 21,005 |  |  | (4,186) |  |  | 59,728 |  |  | 3,702 |
Depreciation | 4,917 |  |  | 4,134 |  |  | 13,476 |  |  | 11,854 |
Amortization | 3,590 |  |  | 6,926 |  |  | 10,771 |  |  | 18,514 |
EBITDA | 111,036 |  |  | 2,961 |  |  | 311,983 |  |  | 76,193 |
Acquisition-related fair-value inventory step-up | — |  |  | — |  |  | — |  |  | 4,810 |
Acquisition-related costs | — |  |  | (189) |  |  | — |  |  | 9,761 |
Restructuring expenses | 19 |  |  | 1,376 |  |  | 112 |  |  | 1,247 |
Gain on sale of property, plant and equipment | (1,188) |  |  | — |  |  | (4,753) |  |  | — |
Non-operating income | (93) |  |  | (74) |  |  | (310) |  |  | (460) |
Adjusted EBITDA | $ | 109,774 |  |  | $ | 4,074 |  |  | $ | 307,032 |  |  | $ | 91,551 |

X
- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration