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Business Segments (Tables)

9 Months Ended

May 27, 2023

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 millions)			May 27, 2023						May 28, 2022						May 27, 2023						May 28, 2022
Net Revenues
Towable RV			$	384.1					$	805.6					$	1,073.9					$	2,103.2
Motorhome RV			374.4						516.3						1,242.4						1,355.4
Marine			129.0						126.5						373.3						303.2
Corporate / All Other			13.3						9.7						30.1						16.8
Consolidated			$	900.8					$	1,458.1					$	2,719.7					$	3,778.6
Adjusted EBITDA
Towable RV			$	53.8					$	117.8					$	129.4					$	330.4
Motorhome RV			26.8						64.4						119.6						160.6
Marine			17.3						19.8						50.2						43.3
Corporate / All Other			(1.5)						(10.3)						(17.4)						(24.6)
Consolidated			$	96.4					$	191.7					$	281.8					$	509.7
Capital Expenditures
Towable RV			$	3.4					$	12.6					$	23.9					$	34.0
Motorhome RV			8.9						0.6						23.7						16.2
Marine			4.4						6.0						17.0						8.6
Corporate / All Other			1.9						0.6						3.4						4.4
Consolidated			$	18.6					$	19.8					$	68.0					$	63.2

(in millions)			May 27, 2023						August 27, 2022
Assets
Towable RV			$	818.4					$	874.9
Motorhome RV			802.2						823.4
Marine			434.4						416.1
Corporate / All Other			357.8						302.3
Consolidated			$	2,412.8					$	2,416.7

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

			Three Months Ended												Nine Months Ended
(in millions)			May 27, 2023						May 28, 2022						May 27, 2023						May 28, 2022
Net income			$	59.1					$	117.2					$	172.1					$	308.0
Interest expense, net			5.2						10.5						16.4						31.1
Provision for income taxes			16.0						37.3						52.4						96.2
Depreciation			7.6						6.3						20.9						17.0
Amortization			4.4						8.0						12.0						24.2
EBITDA			92.3						179.3						273.8						476.5
Acquisition-related costs			3.9						0.7						5.6						4.6
Litigation reserves			—						—						—						4.0
Contingent consideration fair value adjustment			—						11.8						2.0						24.7
Non-operating loss (income)			0.2						(0.1)						0.4						(0.1)
Adjusted EBITDA			$	96.4					$	191.7					$	281.8					$	509.7

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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