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Business Segments (Tables) | 12 Months Ended
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Aug. 27, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is as follows:
| 2022 |  | 2021 |  | 2020
Net Revenues |  |  |  |  |
Towable | $ | 2,597,358 |  |  | $ | 2,009,959 |  |  | $ | 1,227,567 |
Motorhome | 1,911,196 |  |  | 1,539,084 |  |  | 1,056,794 |
Marine | 425,269 |  |  | 60,209 |  |  | 51,812 |
Corporate / All Other | 23,907 |  |  | 20,595 |  |  | 19,360 |
Consolidated | $ | 4,957,730 |  |  | $ | 3,629,847 |  |  | $ | 2,355,533 |
Adjusted EBITDA |  |  |  |  |
Towable | $ | 383,622 |  |  | $ | 289,007 |  |  | $ | 148,276 |
Motorhome | 237,992 |  |  | 169,205 |  |  | 32,949 |
Marine | 60,831 |  |  | 5,177 |  |  | (348) |
Corporate / All Other | (33,517) |  |  | (27,322) |  |  | (12,802) |
Consolidated | $ | 648,928 |  |  | $ | 436,067 |  |  | $ | 168,075 |
Capital Expenditures |  |  |  |  |
Towable | $ | 45,703 |  |  | $ | 25,121 |  |  | $ | 13,389 |
Motorhome | 22,260 |  |  | 17,604 |  |  | 15,061 |
Marine | 16,367 |  |  | 2,166 |  |  | 3,927 |
Corporate / All Other | 3,639 |  |  | — |  |  | — |
Consolidated | $ | 87,969 |  |  | $ | 44,891 |  |  | $ | 32,377 |
| August 27, 2022 |  | August 28, 2021
Total Assets |  |  |
Towable | $ | 874,879 |  |  | $ | 790,257 |
Motorhome | 823,390 |  |  | 728,060 |
Marine | 416,146 |  |  | 102,901 |
Corporate / All Other | 302,242 |  |  | 441,349 |
Consolidated | $ | 2,416,657 |  |  | $ | 2,062,567 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
| 2022 |  | 2021 |  | 2020
Net income | $ | 390,636 |  |  | $ | 281,871 |  |  | $ | 61,442 |
Interest expense, net | 41,313 |  |  | 40,365 |  |  | 37,461 |
Provision for income taxes | 124,086 |  |  | 85,579 |  |  | 15,834 |
Depreciation | 24,238 |  |  | 18,201 |  |  | 15,997 |
Amortization | 29,419 |  |  | 14,361 |  |  | 22,104 |
EBITDA | 609,692 |  |  | 440,377 |  |  | 152,838 |
Acquisition-related fair-value inventory step-up | — |  |  | — |  |  | 4,810 |
Acquisition-related costs | 5,222 |  |  | 725 |  |  | 9,761 |
Litigation reserves | 6,551 |  |  | — |  |  | — |
Restructuring expenses (1) | — |  |  | 112 |  |  | 1,640 |
Gain on sale of property, plant and equipment | — |  |  | (4,753) |  |  | — |
Contingent consideration fair value adjustment | 29,382 |  |  | — |  |  | — |
Non-operating income | (1,919) |  |  | (394) |  |  | (974) |
Adjusted EBITDA | $ | 648,928 |  |  | $ | 436,067 |  |  | $ | 168,075 |
(1) Balance excludes depreciation expense classified as restructuring as the balance is already included in the EBITDA calculation.
Schedule of Revenue by Geographic Area | Net revenues by geography are as follows:
| 2022 |  | 2021 |  | 2020
United States | $ | 4,618,130 |  |  | $ | 3,410,588 |  |  | $ | 2,225,028 |
International | 339,600 |  |  | 219,259 |  |  | 130,505 |
Net revenues | $ | 4,957,730 |  |  | $ | 3,629,847 |  |  | $ | 2,355,533 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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