XML 62 R30.htm IDEA: XBRL DOCUMENT v3.24.3

Business Segments (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration