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Business Segments (Tables) | 9 Months Ended
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May 31, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information by Reportable Segment | Financial information by reportable segment is as follows:
| Three Months Ended |  | Nine Months Ended
(in millions) | May 31, 2025 |  | May 25, 2024 |  | May 31, 2025 |  | May 25, 2024
Net Revenues |  |  |  |  |  |  |
Towable RV | $ | 371.7 |  |  | $ | 386.3 |  |  | $ | 913.9 |  |  | $ | 1,001.8 |
Motorhome RV | 291.2 |  |  | 299.0 |  |  | 798.5 |  |  | 971.8 |
Marine | 100.7 |  |  | 87.9 |  |  | 272.9 |  |  | 245.0 |
Reportable segment net revenues | 763.6 |  |  | 773.2 |  |  | 1,985.3 |  |  | 2,218.6 |
Corporate / All Other | 11.5 |  |  | 12.8 |  |  | 35.6 |  |  | 34.0 |
Consolidated net revenues | $ | 775.1 |  |  | $ | 786.0 |  |  | $ | 2,020.9 |  |  | $ | 2,252.6 |
Adjusted EBITDA |  |  |  |  |  |  |
Towable RV | $ | 35.4 |  |  | $ | 41.9 |  |  | $ | 66.0 |  |  | $ | 101.8 |
Motorhome RV | 3.0 |  |  | 13.4 |  |  | 10.9 |  |  | 60.7 |
Marine | 11.6 |  |  | 8.5 |  |  | 27.7 |  |  | 20.1 |
Reportable segment Adjusted EBITDA | 50.0 |  |  | 63.8 |  |  | 104.6 |  |  | 182.6 |
Corporate / All Other | (3.5) |  |  | (5.8) |  |  | (20.9) |  |  | (20.7) |
Consolidated Adjusted EBITDA | $ | 46.5 |  |  | $ | 58.0 |  |  | $ | 83.7 |  |  | $ | 161.9 |
Capital Expenditures |  |  |  |  |  |  |
Towable RV | $ | 1.4 |  |  | $ | 2.9 |  |  | $ | 3.4 |  |  | $ | 5.5 |
Motorhome RV | 8.4 |  |  | 2.8 |  |  | 22.3 |  |  | 16.8 |
Marine | 0.8 |  |  | 1.2 |  |  | 2.8 |  |  | 4.1 |
Reportable segment capital expenditures | 10.6 |  |  | 6.9 |  |  | 28.5 |  |  | 26.4 |
Corporate / All Other | 0.2 |  |  | 4.1 |  |  | 0.7 |  |  | 7.4 |
Consolidated capital expenditures | $ | 10.8 |  |  | $ | 11.0 |  |  | $ | 29.2 |  |  | $ | 33.8 |
(in millions) | May 31, 2025 |  | August 31, 2024
Assets |  |  |
Towable RV | $ | 747.3 |  |  | $ | 719.0 |
Motorhome RV | 888.1 |  |  | 788.0 |
Marine | 369.1 |  |  | 377.8 |
Reportable segment assets | 2,004.5 |  |  | 1,884.8 |
Corporate / All Other | 128.2 |  |  | 499.4 |
Consolidated assets | $ | 2,132.7 |  |  | $ | 2,384.2 |
Reconciliation of net income to consolidated Adjusted EBITDA is as follows:
| Three Months Ended |  | Nine Months Ended
(in millions) | May 31, 2025 |  | May 25, 2024 |  | May 31, 2025 |  | May 25, 2024
Net income | $ | 17.6 |  |  | $ | 29.0 |  |  | $ | 12.0 |  |  | $ | 42.1 |
Interest expense, net | 6.7 |  |  | 5.8 |  |  | 19.3 |  |  | 15.2 |
Income tax provision | 6.3 |  |  | 6.5 |  |  | 4.8 |  |  | 22.2 |
Depreciation | 9.6 |  |  | 8.9 |  |  | 28.7 |  |  | 25.5 |
Amortization | 5.5 |  |  | 5.6 |  |  | 16.7 |  |  | 16.9 |
EBITDA | 45.7 |  |  | 55.8 |  |  | 81.5 |  |  | 121.9 |
Acquisition-related costs | — |  |  | — |  |  | — |  |  | 1.5 |
Change in fair value of note receivable | — |  |  | — |  |  | — |  |  | 3.0 |
Contingent consideration fair value adjustment | — |  |  | — |  |  | — |  |  | 1.1 |
Loss on note repurchase | — |  |  | — |  |  | 2.0 |  |  | 32.7 |
Asset impairment | 1.2 |  |  | — |  |  | 1.2 |  |  | — |
Non-operating (income) loss | (0.4) |  |  | 2.2 |  |  | (1.0) |  |  | 1.7 |
Adjusted EBITDA | $ | 46.5 |  |  | $ | 58.0 |  |  | $ | 83.7 |  |  | $ | 161.9 |

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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 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
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