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Business Segments (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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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
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