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v3.23.3

Business Segments (Tables) | 12 Months Ended
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Aug. 26, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is as follows:
(in millions) | 2023 |  | 2022 |  | 2021
Net Revenues |  |  |  |  |
Towable RV | $ | 1,415.3 |  |  | $ | 2,597.4 |  |  | $ | 2,010.0 |
Motorhome RV | 1,560.1 |  |  | 1,911.2 |  |  | 1,539.1 |
Marine | 469.7 |  |  | 425.3 |  |  | 60.2 |
Corporate / All Other | 45.6 |  |  | 23.8 |  |  | 20.5 |
Consolidated | $ | 3,490.7 |  |  | $ | 4,957.7 |  |  | $ | 3,629.8 |
Adjusted EBITDA |  |  |  |  |
Towable RV | $ | 172.1 |  |  | $ | 383.6 |  |  | $ | 289.0 |
Motorhome RV | 142.0 |  |  | 238.0 |  |  | 169.2 |
Marine | 60.5 |  |  | 60.8 |  |  | 5.2 |
Corporate / All Other | (19.9) |  |  | (33.5) |  |  | (27.3) |
Consolidated | $ | 354.7 |  |  | $ | 648.9 |  |  | $ | 436.1 |
Capital Expenditures |  |  |  |  |
Towable RV | $ | 25.6 |  |  | $ | 45.7 |  |  | $ | 25.1 |
Motorhome RV | 31.1 |  |  | 22.3 |  |  | 17.6 |
Marine | 19.1 |  |  | 16.4 |  |  | 2.2 |
Corporate / All Other | 7.4 |  |  | 3.6 |  |  | — |
Consolidated | $ | 83.2 |  |  | $ | 88.0 |  |  | $ | 44.9 |
(in millions) | August 26, 2023 |  | August 27, 2022
Total Assets |  |  |
Towable RV | $ | 751.2 |  |  | $ | 874.9 |
Motorhome RV | 802.2 |  |  | 823.4 |
Marine | 426.9 |  |  | 416.1 |
Corporate / All Other | 452.1 |  |  | 302.3 |
Consolidated | $ | 2,432.4 |  |  | $ | 2,416.7 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
(in millions) | 2023 |  | 2022 |  | 2021
Net income | $ | 215.9 |  |  | $ | 390.6 |  |  | $ | 281.9 |
Interest expense, net | 20.5 |  |  | 41.3 |  |  | 40.4 |
Provision for income taxes | 63.3 |  |  | 124.1 |  |  | 85.6 |
Depreciation | 29.2 |  |  | 24.2 |  |  | 18.2 |
Amortization | 17.7 |  |  | 29.4 |  |  | 14.4 |
EBITDA | 346.6 |  |  | 609.6 |  |  | 440.5 |
Acquisition-related costs | 7.5 |  |  | 5.2 |  |  | 0.7 |
Litigation reserves | (0.4) |  |  | 6.6 |  |  | — |
Restructuring expenses | — |  |  | — |  |  | 0.1 |
Gain on sale of property, plant and equipment | — |  |  | — |  |  | (4.8) |
Contingent consideration fair value adjustment | 0.6 |  |  | 29.4 |  |  | — |
Non-operating loss (income) | 0.4 |  |  | (1.9) |  |  | (0.4) |
Adjusted EBITDA | $ | 354.7 |  |  | $ | 648.9 |  |  | $ | 436.1 |
Schedule of Revenue by Geographic Area | Net revenues by geography are as follows:
(in millions) | 2023 |  | 2022 |  | 2021
United States | $ | 3,346.6 |  |  | $ | 4,618.1 |  |  | $ | 3,410.6 |
International | 144.1 |  |  | 339.6 |  |  | 219.2 |
Net revenues | $ | 3,490.7 |  |  | $ | 4,957.7 |  |  | $ | 3,629.8 |

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