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Business Segments (Tables) | 12 Months Ended
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Aug. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is as follows:
(in millions) | 2024 |  | 2023 |  | 2022
Net Revenues |  |  |  |  |
Towable RV | $ | 1,318.8 |  |  | $ | 1,415.3 |  |  | $ | 2,597.4 |
Motorhome RV | 1,279.8 |  |  | 1,560.1 |  |  | 1,911.2 |
Marine | 325.5 |  |  | 469.7 |  |  | 425.3 |
Corporate / All Other | 49.4 |  |  | 45.6 |  |  | 23.8 |
Consolidated | $ | 2,973.5 |  |  | $ | 3,490.7 |  |  | $ | 4,957.7 |
Adjusted EBITDA |  |  |  |  |
Towable RV | $ | 122.4 |  |  | $ | 172.1 |  |  | $ | 383.6 |
Motorhome RV | 73.7 |  |  | 142.0 |  |  | 238.0 |
Marine | 25.6 |  |  | 60.5 |  |  | 60.8 |
Corporate / All Other | (31.1) |  |  | (19.9) |  |  | (33.5) |
Consolidated | $ | 190.6 |  |  | $ | 354.7 |  |  | $ | 648.9 |
Capital Expenditures |  |  |  |  |
Towable RV | $ | 6.3 |  |  | $ | 25.6 |  |  | $ | 45.7 |
Motorhome RV | 22.6 |  |  | 31.1 |  |  | 22.3 |
Marine | 5.7 |  |  | 19.1 |  |  | 16.4 |
Corporate / All Other | 10.4 |  |  | 7.4 |  |  | 3.6 |
Consolidated | $ | 45.0 |  |  | $ | 83.2 |  |  | $ | 88.0 |
(in millions) | August 31, 2024 |  | August 26, 2023
Total Assets |  |  |
Towable RV | $ | 719.0 |  |  | $ | 751.2 |
Motorhome RV | 788.0 |  |  | 802.2 |
Marine | 377.8 |  |  | 426.9 |
Corporate / All Other | 499.4 |  |  | 452.1 |
Consolidated | $ | 2,384.2 |  |  | $ | 2,432.4 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
(in millions) | 2024 |  | 2023 |  | 2022
Net income | $ | 13.0 |  |  | $ | 215.9 |  |  | $ | 390.6 |
Interest expense, net | 21.1 |  |  | 20.5 |  |  | 41.3 |
Provision for income taxes | 25.4 |  |  | 63.3 |  |  | 124.1 |
Depreciation | 35.6 |  |  | 29.2 |  |  | 24.2 |
Amortization | 23.0 |  |  | 17.7 |  |  | 29.4 |
EBITDA | 118.1 |  |  | 346.6 |  |  | 609.6 |
Acquisition-related costs | 1.5 |  |  | 7.5 |  |  | 5.2 |
Litigation reserves | — |  |  | (0.4) |  |  | 6.6 |
Change in fair value of note receivable and other investments | 6.0 |  |  | — |  |  | — |
Contingent consideration fair value adjustment | 1.1 |  |  | 0.6 |  |  | 29.4 |
Goodwill impairment (Note 7) | 30.3 |  |  | — |  |  | — |
Loss on note repurchase (Note 9) | 32.7 |  |  | — |  |  | — |
Non-operating loss (income) | 0.9 |  |  | 0.4 |  |  | (1.9) |
Adjusted EBITDA | $ | 190.6 |  |  | $ | 354.7 |  |  | $ | 648.9 |
Schedule of Revenue by Geographic Area | Net revenues by geography are as follows:
(in millions) | 2024 |  | 2023 |  | 2022
United States | $ | 2,775.1 |  |  | $ | 3,346.6 |  |  | $ | 4,618.1 |
International | 198.4 |  |  | 144.1 |  |  | 339.6 |
Net revenues | $ | 2,973.5 |  |  | $ | 3,490.7 |  |  | $ | 4,957.7 |

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