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Business Segments (Tables)

6 Months Ended

Feb. 26, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment is as follows:

			Three Months Ended												Six Months Ended
(in thousands)			February 26, 2022						February 27, 2021						February 26, 2022						February 27, 2021
Net Revenues
Towable			$	646,601					$	439,284					$	1,297,625					$	894,185
Motorhome			417,565						382,575						839,044						704,964
Marine			97,309						14,463						176,627						26,357
Corporate / All Other			3,256						3,564						7,175						7,511
Consolidated			$	1,164,731					$	839,886					$	2,320,471					$	1,633,017
Adjusted EBITDA
Towable			$	100,573					$	62,366					$	212,650					$	125,509
Motorhome			46,095						50,969						96,248						81,312
Marine			12,953						1,024						23,523						1,878
Corporate / All Other			(8,892)						(6,394)						(14,460)						(11,441)
Consolidated			$	150,729					$	107,965					$	317,961					$	197,258
Capital Expenditures
Towable			$	10,181					$	2,714					$	21,339					$	6,851
Motorhome			7,875						3,268						15,626						7,271
Marine			1,912						249						2,540						798
Corporate / All Other			243						—						3,921						—
Consolidated			$	20,211					$	6,231					$	43,426					$	14,920

(in thousands)			February 26, 2022						August 28, 2021
Assets
Towable			$	850,244					$	790,257
Motorhome			910,496						728,060
Marine			402,395						102,901
Corporate / All Other			146,298						441,349
Consolidated			$	2,309,433					$	2,062,567

Reconciliation of net income to consolidated Adjusted EBITDA is as follows:

			Three Months Ended												Six Months Ended
(in thousands)			February 26, 2022						February 27, 2021						February 26, 2022						February 27, 2021
Net income			$	91,175					$	69,068					$	190,805					$	126,491
Interest expense, net			10,325						10,052						20,567						19,993
Provision for income taxes			28,760						21,166						58,901						38,723
Depreciation			5,461						4,399						10,767						8,559
Amortization			8,015						3,591						16,187						7,181
EBITDA			143,736						108,276						297,227						200,947
Acquisition-related costs			486						—						3,870						—
Litigation reserves			—						—						4,000						—
Restructuring expenses			—						—						—						93
Gain on sale of property, plant and equipment			—						—						—						(3,565)
Contingent consideration fair value adjustment			6,517						—						12,887						—
Non-operating income			(10)						(311)						(23)						(217)
Adjusted EBITDA			$	150,729					$	107,965					$	317,961					$	197,258

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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=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

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