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Business Segments (Tables)

9 Months Ended

May 28, 2022

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 28, 2022						May 29, 2021						May 28, 2022						May 29, 2021
Net Revenues
Towable			$	805,567					$	555,749					$	2,103,192					$	1,449,934
Motorhome			516,345						385,257						1,355,389						1,090,221
Marine			126,548						17,170						303,175						43,527
Corporate / All Other			9,678						2,561						16,853						10,072
Consolidated			$	1,458,138					$	960,737					$	3,778,609					$	2,593,754
Adjusted EBITDA
Towable			$	117,767					$	80,130					$	330,417					$	205,639
Motorhome			64,388						37,467						160,636						118,779
Marine			19,813						1,624						43,336						3,502
Corporate / All Other			(10,247)						(9,447)						(24,707)						(20,888)
Consolidated			$	191,721					$	109,774					$	509,682					$	307,032
Capital Expenditures
Towable			$	12,621					$	4,639					$	33,960					$	11,490
Motorhome			570						2,976						16,196						10,247
Marine			6,041						1,061						8,581						1,859
Corporate / All Other			570						—						4,491						—
Consolidated			$	19,802					$	8,676					$	63,228					$	23,596

(in thousands)			May 28, 2022						August 28, 2021
Assets
Towable			$	913,892					$	790,257
Motorhome			857,636						728,060
Marine			404,137						102,901
Corporate / All Other			251,469						441,349
Consolidated			$	2,427,134					$	2,062,567

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

			Three Months Ended												Nine Months Ended
(in thousands)			May 28, 2022						May 29, 2021						May 28, 2022						May 29, 2021
Net income			$	117,222					$	71,295					$	308,027					$	197,786
Interest expense, net			10,511						10,229						31,078						30,222
Provision for income taxes			37,326						21,005						96,227						59,728
Depreciation			6,264						4,917						17,031						13,476
Amortization			8,016						3,590						24,203						10,771
EBITDA			179,339						111,036						476,566						311,983
Acquisition-related costs			724						—						4,594						—
Litigation reserves			—						—						4,000						—
Restructuring expenses			—						19						—						112
Gain on sale of property, plant and equipment			—						(1,188)						—						(4,753)
Contingent consideration fair value adjustment			11,830						—						24,717						—
Non-operating income			(172)						(93)						(195)						(310)
Adjusted EBITDA			$	191,721					$	109,774					$	509,682					$	307,032

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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
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-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
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-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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