Thor Industries (THO) 10-Q7 Mar 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jan. 31, 2023	Feb. 28, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2023
Document Transition Report	false
Entity File Number	001-09235
Entity Registrant Name	THOR INDUSTRIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-0768752
Entity Address, Address Line One	601 E. Beardsley Ave.
Entity Address, City or Town	Elkhart
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46514
City Area Code	(574)
Local Phone Number	970-7460
Title of 12(b) Security	Common stock (Par value $0.10 Per Share)
Trading Symbol	THO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		53,518,973
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000730263
Current Fiscal Year End Date	--07-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Current assets:
Cash and cash equivalents	$ 281,556	$ 311,553
Accounts receivable, trade, net	572,301	848,814
Accounts receivable, other, net	78,659	95,367
Inventories, net	1,864,647	1,754,773
Prepaid income taxes, expenses and other	65,864	51,972
Total current assets	2,863,027	3,062,479
Property, plant and equipment, net	1,325,032	1,258,159
Other assets:
Goodwill	1,783,776	1,804,151
Amortizable intangible assets, net	1,060,563	1,117,492
Deferred income tax assets, net	8,381	7,950
Equity investments	124,290	10,811
Other	146,891	147,090
Total other assets	3,123,901	3,087,494
TOTAL ASSETS	7,311,960	7,408,132
Current liabilities:
Accounts payable	639,440	822,449
Current portion of long-term debt	11,116	13,190
Short-term financial obligations	36,427	21,403
Accrued liabilities:
Compensation and related items	157,283	254,772
Product warranties	326,665	317,908
Income and other taxes	41,871	57,391
Promotions and rebates	127,571	134,298
Product, property and related liabilities	60,897	61,700
Other	65,219	72,805
Total current liabilities	1,466,489	1,755,916
Long-term debt, net	1,758,506	1,754,239
Deferred income tax liabilities, net	107,218	115,931
Unrecognized tax benefits	18,375	17,243
Other liabilities	173,242	164,149
Total long-term liabilities	2,057,341	2,051,562
Contingent liabilities and commitments
Stockholders’ equity:
Preferred stock – authorized 1,000,000 shares; none outstanding	0	0
Common stock – par value of $.10 per share; authorized 250,000,000 shares; issued 66,334,072 and 66,059,403 shares, respectively	6,633	6,606
Additional paid-in capital	517,510	497,946
Retained earnings	3,928,361	3,813,261
Accumulated other comprehensive loss, net of tax	(96,046)	(181,607)
Less treasury shares of 12,815,099 and 12,382,441, respectively, at cost	(575,675)	(543,344)
Stockholders’ equity attributable to THOR Industries, Inc.	3,780,783	3,592,862
Non-controlling interests	7,347	7,792
Total stockholders’ equity	3,788,130	3,600,654
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,311,960	$ 7,408,132

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jan. 31, 2023	Jul. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	66,334,072	66,059,403
Treasury, shares (in shares)	12,815,099	12,382,441

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Income Statement [Abstract]
Net sales	$ 2,346,635	$ 3,875,018	$ 5,454,719	$ 7,833,242
Cost of products sold	2,063,700	3,199,744	4,685,308	6,502,544
Gross profit	282,935	675,274	769,411	1,330,698
Selling, general and administrative expenses	208,743	267,450	450,367	563,333
Amortization of intangible assets	35,199	43,349	70,418	76,563
Interest expense, net	25,633	24,507	48,440	45,227
Other income, net	19,358	6,285	11,803	13,520
Income before income taxes	32,718	346,253	211,989	659,095
Income tax provision	6,912	80,618	48,760	148,657
Net income	25,806	265,635	163,229	510,438
Less: Net income (loss) attributable to non-controlling interests	(1,274)	(933)	(36)	1,628
Net income attributable to THOR Industries, Inc.	$ 27,080	$ 266,568	$ 163,265	$ 508,810
Weighted-average common shares outstanding:
Basic (in shares)	53,518,878	55,493,622	53,587,646	55,458,238
Diluted (in shares)	53,810,910	55,649,445	53,869,830	55,720,079
Earnings per common share:
Basic (in dollars per share)	$ 0.51	$ 4.80	$ 3.05	$ 9.17
Diluted (in dollars per share)	$ 0.50	$ 4.79	$ 3.03	$ 9.13
Comprehensive income:
Net income	$ 25,806	$ 265,635	$ 163,229	$ 510,438
Other comprehensive income (loss), net of tax
Foreign currency translation adjustment	128,377	(69,974)	85,048	(105,141)
Unrealized gain (loss) on derivatives, net of tax	(661)	2,129	143	4,484
Other (loss), net of tax	(39)	(372)	(39)	(372)
Total other comprehensive income (loss), net of tax	127,677	(68,217)	85,152	(101,029)
Total Comprehensive income	153,483	197,418	248,381	409,409
Less: Comprehensive income (loss) attributable to non-controlling interests	(1,249)	(1,478)	(445)	923
Comprehensive income attributable to THOR Industries, Inc.	$ 154,732	$ 198,896	$ 248,826	$ 408,486

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Cash flows from operating activities:
Net income	$ 163,229	$ 510,438
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	64,257	64,285
Amortization of intangible assets	70,418	76,563
Amortization of debt issuance costs	5,697	5,568
Deferred income tax benefit	(6,149)	(13,317)
(Gain) loss on disposition of property, plant and equipment	(371)	701
Stock-based compensation expense	16,935	12,986
Changes in assets and liabilities:
Accounts receivable	301,269	(165,085)
Inventories, net	(83,564)	(236,002)
Prepaid income taxes, expenses and other	(14,572)	15,014
Accounts payable	(209,557)	32,848
Accrued liabilities	(125,590)	8,204
Long-term liabilities and other	3,319	(14,151)
Net cash provided by operating activities	185,321	298,052
Cash flows from investing activities:
Purchases of property, plant and equipment	(100,985)	(117,804)
Proceeds from dispositions of property, plant and equipment	3,832	652
Business acquisitions, net of cash acquired	(6,184)	(781,818)
Other	(10,411)	0
Net cash used in investing activities	(113,748)	(898,970)
Cash flows from financing activities:
Borrowings on revolving asset-based credit facilities	0	660,088
Payments on revolving asset-based credit facilities	(15,000)	(534,035)
Proceeds from issuance of senior unsecured notes	0	500,000
Payments on term-loan credit facilities	(12,355)	0
Payments on other debt	(6,383)	(5,965)
Payments of debt issuance costs	0	(8,445)
Regular cash dividends paid	(48,165)	(47,833)
Payments on finance lease obligations	(604)	(529)
Purchases of treasury shares	(25,407)	(58,331)
Payments related to vesting of stock-based awards	(6,765)	(18,011)
Short-term financial obligations and other, net	12,937	3,821
Net cash provided by (used in) financing activities	(101,742)	490,760
Effect of exchange rate changes on cash and cash equivalents and restricted cash	172	(8,225)
Net decrease in cash and cash equivalents and restricted cash	(29,997)	(118,383)
Cash and cash equivalents and restricted cash, beginning of period	311,553	448,706
Cash and cash equivalents and restricted cash, end of period	281,556	330,323
Cash and cash equivalents and restricted cash, total	281,556	330,323
Less: restricted cash	0	25,080
Cash and cash equivalents	281,556	305,243
Supplemental cash flow information:
Income taxes paid	110,662	151,307
Interest paid	44,981	33,529
Non-cash investing and financing transactions:
Capital expenditures in accounts payable	$ 5,183	$ 5,147

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury Stock	Stockholders' equity attributable to THOR	Non-controlling interests
Beginning balance (in shares) at Jul. 31, 2021		65,651,570				10,285,329
Beginning balance at Jul. 31, 2021	$ 2,948,106	$ 6,565	$ 460,482	$ 2,770,401	$ 44,621	$ (360,226)	$ 2,921,843	$ 26,263
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	510,438			508,810			508,810	1,628
Purchase of treasury shares (in shares)						590,961
Purchases of treasury shares	(58,331)					$ (58,331)	(58,331)
Restricted stock unit activity (in shares)		407,833				152,869
Restricted stock unit activity	(11,492)	$ 41	6,478			$ (18,011)	(11,492)
Dividends per common share	(47,833)			(47,833)			(47,833)
Stock-based compensation expense	12,986		12,986				12,986
Other comprehensive income (loss)	(101,029)				(100,324)		(100,324)	(705)
Acquisitions	739							739
Ending balance (in shares) at Jan. 31, 2022		66,059,403				11,029,159
Ending balance at Jan. 31, 2022	3,253,584	$ 6,606	479,946	3,231,378	(55,703)	$ (436,568)	3,225,659	27,925
Beginning balance (in shares) at Oct. 31, 2021		66,058,290				10,438,198
Beginning balance at Oct. 31, 2021	3,132,242	$ 6,606	473,775	2,988,726	11,969	$ (378,237)	3,102,839	29,403
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	265,635			266,568			266,568	(933)
Purchase of treasury shares (in shares)						590,961
Purchases of treasury shares	(58,331)					$ (58,331)	(58,331)
Restricted stock unit activity (in shares)		1,113
Restricted stock unit activity	(788)		(788)				(788)
Dividends per common share	(23,916)			(23,916)			(23,916)
Stock-based compensation expense	6,959		6,959				6,959
Other comprehensive income (loss)	(68,217)				(67,672)		(67,672)	(545)
Ending balance (in shares) at Jan. 31, 2022		66,059,403				11,029,159
Ending balance at Jan. 31, 2022	3,253,584	$ 6,606	479,946	3,231,378	(55,703)	$ (436,568)	3,225,659	27,925
Beginning balance (in shares) at Jul. 31, 2022		66,059,403				12,382,441
Beginning balance at Jul. 31, 2022	3,600,654	$ 6,606	497,946	3,813,261	(181,607)	$ (543,344)	3,592,862	7,792
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 163,229			163,265			163,265	(36)
Purchase of treasury shares (in shares)	338,733					338,733
Purchases of treasury shares	$ (25,407)					$ (25,407)	(25,407)
Restricted stock unit activity (in shares)		274,669				93,925
Restricted stock unit activity	(4,268)	$ 27	2,629			$ (6,924)	(4,268)
Dividends per common share	(48,165)			(48,165)			(48,165)
Stock-based compensation expense	16,935		16,935				16,935
Other comprehensive income (loss)	85,152				85,561		85,561	(409)
Ending balance (in shares) at Jan. 31, 2023		66,334,072				12,815,099
Ending balance at Jan. 31, 2023	3,788,130	$ 6,633	517,510	3,928,361	(96,046)	$ (575,675)	3,780,783	7,347
Beginning balance (in shares) at Oct. 31, 2022		66,326,135				12,813,019
Beginning balance at Oct. 31, 2022	3,650,959	$ 6,633	509,579	3,925,365	(223,698)	$ (575,516)	3,642,363	8,596
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 25,806			27,080			27,080	(1,274)
Purchase of treasury shares (in shares)	0
Restricted stock unit activity (in shares)		7,937				2,080
Restricted stock unit activity	$ (771)		(612)			$ (159)	(771)
Dividends per common share	(24,084)			(24,084)			(24,084)
Stock-based compensation expense	8,543		8,543				8,543
Other comprehensive income (loss)	127,677				127,652		127,652	25
Ending balance (in shares) at Jan. 31, 2023		66,334,072				12,815,099
Ending balance at Jan. 31, 2023	$ 3,788,130	$ 6,633	$ 517,510	$ 3,928,361	$ (96,046)	$ (575,675)	$ 3,780,783	$ 7,347

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Equity [Abstract]
Cash dividends, per common share (in dollars per share)	$ 0.45	$ 0.43	$ 0.90	$ 0.86

Nature of Operations and Accoun

Nature of Operations and Accounting Policies	6 Months Ended
Nature of Operations and Accounting Policies	Jan. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Accounting Policies	Nature of Operations and Accounting Policies Nature of Operations THOR Industries, Inc. was founded in 1980 and is the sole owner of operating subsidiaries (collectively, the “Company” or “THOR”), that, combined, represent the world's largest manufacturer of recreational vehicles (“RVs”). The Company manufactures a wide variety of RVs in the United States and Europe and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. Unless the context requires or indicates otherwise, all references to “THOR,” the “Company,” “we,” “our” and “us” refer to THOR Industries, Inc. and its subsidiaries. The July 31, 2022 amounts are derived from the annual audited financial statements of THOR. The interim financial statements are unaudited. In the opinion of management, all adjustments (which consist of normal, recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented have been made. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2022. Due to seasonality within the recreational vehicle industry, and the impact of the ongoing supply chain disruptions, inflation and shifting consumer demand on our industry, among other factors, annualizing the results of operations for the six months ended January 31, 2023 would not necessarily be indicative of the results expected for the full fiscal year. During the quarter ended January 31, 2023, the Company reclassified certain immaterial investments accounted for under the equity method, which had previously been shown as a component of Other long-term assets in the Condensed Consolidated Balance Sheets, to a separate line called Equity investments. In addition, certain other immaterial amounts from the prior year have been reclassified to conform with current-year presentation.

Acquisitions

Acquisitions	6 Months Ended
Acquisitions	Jan. 31, 2023
Business Combinations [Abstract]
Acquisitions	Acquisitions Airxcel On September 1, 2021, the Company acquired Wichita, Kansas-based AirX Intermediate, Inc. (“Airxcel”). Airxcel manufactures a comprehensive line of high-quality component products which are sold primarily to original equipment RV manufacturers as well as consumers via aftermarket sales through dealers and retailers. Airxcel provides industry-leading products in recreational vehicle heating, cooling, ventilation, cooking, window coverings, sidewalls and roofing materials, among others. The total cash consideration paid was subject to the final determination of the actual acquired net working capital as of the close of business on September 1, 2021, which was finalized in the second quarter of fiscal 2022. The final cash consideration was $745,279, net of cash acquired. In conjunction with the Airxcel acquisition, the Company expanded its existing asset-based credit facility (“ABL”) from $750,000 to $1,000,000, favorably amended certain terms of the agreement and extended the term of the ABL. The Company acquired Airxcel as part of its long-term, strategic growth plan and the acquisition is expected to provide numerous benefits, including strengthening the RV supply chain, diversifying its revenue sources and expanding Airxcel's supply chain business in North America and Europe. Airxcel operates as an independent operation in the same manner as the Company's other subsidiaries. Subsequent to the acquisition date, the Company made immaterial measurement period adjustments to better reflect the facts and circumstances that existed at the acquisition date. The following table summarizes the final fair values of the Airxcel net assets acquired on the acquisition date. Cash $ 23,404 Inventory 71,150 Other assets 62,657 Property, plant and equipment 40,518 Amortizable intangible assets: Customer relationships 284,000 Trademarks 56,900 Design technology assets 60,600 Backlog 700 Goodwill 372,608 Current liabilities (115,535) Deferred income tax liabilities (77,086) Other liabilities (10,494) Non-controlling interest (739) Total fair value of net assets acquired 768,683 Less cash acquired (23,404) Total cash consideration for acquisition, less cash acquired $ 745,279 On the acquisition date, amortizable intangible assets had a weighted-average useful life of 18.3 years. The customer relationships were valued based on the Discounted Cash Flow Method and are being amortized on an accelerated basis over 20 years. The trademarks were valued on the Relief from Royalty Method and are being amortized on a straight-line basis over 20 years. The design technology assets were valued on the Relief from Royalty Method and are being amortized on a straight-line basis over 10 years. Backlog was valued based on the Discounted Cash Flow Method and was amortized on a straight-line basis over 2 months. The majority of the goodwill recognized as a result of this transaction is not deductible for tax purposes. The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2022 acquisition of Airxcel had occurred at the beginning of fiscal 2021. These pro forma results may not be indicative of the actual results that would have occurred under the ownership and management of the Company. Three Months Ended January 31, 2022 Net sales $ 3,875,018 Net income attributable to THOR Industries, Inc. $ 266,568 Basic earnings per common share $ 4.80 Diluted earnings per common share $ 4.79 Six Months Ended January 31, 2022 Net sales $ 7,880,700 Net income attributable to THOR Industries, Inc. $ 515,623 Basic earnings per common share $ 9.30 Diluted earnings per common share $ 9.25

Business Segments

Business Segments	6 Months Ended
Business Segments	Jan. 31, 2023
Segment Reporting [Abstract]
Business Segments	Business Segments The Company has three reportable segments, all related to recreational vehicles: (1) North American towables, (2) North American motorized and (3) European. The operations of the Company's Postle and Airxcel subsidiaries are included in “Other”, along with the operations of Roadpass Digital through December 30, 2022 as discussed in Note 9 to the Condensed Consolidated Financial Statements. Net sales included in Other related primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Postle and Airxcel sales to the Company’s North American towables and North American motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of products to third parties. The following tables reflect certain financial information by reportable segment: Three Months Ended January 31, Six Months Ended January 31, NET SALES: 2023 2022 2023 2022 Recreational vehicles North American Towables $ 829,751 $ 1,985,088 $ 2,147,557 $ 4,225,922 North American Motorized 738,583 976,806 1,862,102 1,901,834 Total North America 1,568,334 2,961,894 4,009,659 6,127,756 European 646,938 723,730 1,151,240 1,356,727 Total recreational vehicles 2,215,272 3,685,624 5,160,899 7,484,483 Other 164,859 294,146 397,507 551,976 Intercompany eliminations (33,496) (104,752) (103,687) (203,217) Total $ 2,346,635 $ 3,875,018 $ 5,454,719 $ 7,833,242 Three Months Ended January 31, Six Months Ended January 31, INCOME (LOSS) BEFORE INCOME TAXES: 2023 2022 2023 2022 Recreational vehicles North American Towables $ (7,119) $ 275,895 $ 103,888 $ 542,177 North American Motorized 61,544 104,037 185,977 192,935 Total North America 54,425 379,932 289,865 735,112 European 12,015 9,665 5,547 (8,311) Total recreational vehicles 66,440 389,597 295,412 726,801 Other, net 8,289 23,092 13,034 46,621 Corporate (42,011) (66,436) (96,457) (114,327) Total $ 32,718 $ 346,253 $ 211,989 $ 659,095 TOTAL ASSETS: January 31, 2023 July 31, 2022 Recreational vehicles North American Towables $ 1,573,865 $ 2,040,841 North American Motorized 1,417,512 1,239,476 Total North America 2,991,377 3,280,317 European 2,702,873 2,449,270 Total recreational vehicles 5,694,250 5,729,587 Other 1,109,967 1,272,829 Corporate 507,743 405,716 Total $ 7,311,960 $ 7,408,132 DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Recreational vehicles North American Towables $ 15,028 $ 16,313 $ 30,465 $ 32,615 North American Motorized 8,172 7,107 16,333 14,129 Total North America 23,200 23,420 46,798 46,744 European 28,713 33,696 56,015 68,409 Total recreational vehicles 51,913 57,116 102,813 115,153 Other 15,338 18,357 30,986 24,837 Corporate 431 422 876 858 Total $ 67,682 $ 75,895 $ 134,675 $ 140,848 Three Months Ended January 31, Six Months Ended January 31, CAPITAL ACQUISITIONS: 2023 2022 2023 2022 Recreational vehicles North American Towables $ 16,820 $ 21,479 $ 37,994 $ 34,613 North American Motorized 10,266 6,691 29,330 15,320 Total North America 27,086 28,170 67,324 49,933 European 12,151 39,425 21,071 54,227 Total recreational vehicles 39,237 67,595 88,395 104,160 Other 7,957 7,763 12,769 12,180 Corporate 151 49 271 83 Total $ 47,345 $ 75,407 $ 101,435 $ 116,423

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
Earnings Per Common Share	Jan. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The following table reflects the weighted-average common shares used to compute basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Weighted-average common shares outstanding for basic earnings per share 53,518,878 55,493,622 53,587,646 55,458,238 Unvested restricted and performance stock units 292,032 155,823 282,184 261,841 Weighted-average common shares outstanding assuming dilution 53,810,910 55,649,445 53,869,830 55,720,079 For the three months ended January 31, 2023 and 2022, the Company had 169,350 and 235,552 unvested restricted stock units and performance stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For the six months ended January 31, 2023 and 2022, the Company had 186,895 and 132,942 unvested restricted stock units and performance stock units outstanding, respectively, which were excluded from this calculation as their effect would have been antidilutive.

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
Derivatives and Hedging	Jan. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging The fair value of our derivative instruments designated as cash flow hedges, and the associated notional amounts, presented on a pre-tax basis, were as follows: January 31, 2023 July 31, 2022 Fair Value in Fair Value in Fair Value in Fair Value in Other Current Other Current Other Current Other Current Cash Flow Hedges Notional Assets Liabilities Notional Assets Liabilities Foreign currency forward contracts $ — $ — $ — $ 33,997 $ — $ 80 Interest rate swap agreements 165,263 961 — 273,325 850 — Total derivative financial instruments $ 165,263 $ 961 $ — $ 307,322 $ 850 $ 80 The Company previously entered into interest rate swaps to convert a portion of the Company’s long-term debt from floating rate to fixed rate debt to partially hedge the interest rate risk related to the Company’s U.S. dollar term loan tranche that matures in February 2026. The notional amounts hedged will decrease on a quarterly basis to zero by August 1, 2023. Effective August 1, 2022, the Company's foreign currency forward contracts used to exchange British Pounds Sterling ("GBP") for Euro were no longer designated as cash flow hedges and therefore excluded from the table above as of January 31, 2023. Net Investment Hedges The foreign currency transaction gains and losses on the Euro-denominated portion of the term loan, which is designated and effective as a hedge of the Company’s net investment in its Euro-denominated functional currency subsidiaries, are included as a component of the foreign currency translation adjustment. Losses, net of tax, included in the foreign currency translation adjustments were $30,297 for the three months ended January 31, 2023 and $20,912 for the six months ended January 31, 2023. Gains, net of tax, included in the foreign currency translation adjustments were $18,388 for the three months ended January 31, 2022 and $27,628 for the six months ended January 31, 2022. There were no amounts reclassified out of accumulated other comprehensive income (“AOCI”) pertaining to the net investment hedge during the three and six-month periods ended January 31, 2023 and January 31, 2022, respectively. Derivatives Not Designated as Hedging Instruments The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $49,396 and a fair value asset value of $118, net, as of January 31, 2023. These other derivative instruments had a notional amount totaling approximately $25,628 and a fair value liability of $1,077, as of July 31, 2022. For these derivative instruments, changes in fair value are recognized in earnings. The total amounts presented in the Condensed Consolidated Statements of Income and Comprehensive Income due to changes in the fair value of the derivative instruments are as follows: Three Months Ended January 31, 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (Loss) recognized in Other Comprehensive Income, net of tax Foreign currency forward contracts $ — $ (479) Interest rate swap agreements (1) (661) 2,608 Total gain (loss) $ (661) $ 2,129 (1) Other comprehensive income (loss), net of tax, before reclassification from AOCI was $(136) and $795 for the three months ended January 31, 2023 and 2022, respectively. Six Months Ended January 31, 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (Loss) recognized in Other Comprehensive Income, net of tax Foreign currency forward contracts $ — $ (620) Interest rate swap agreements (2) 85 5,104 Total gain (loss) $ 85 $ 4,484 (2) Other comprehensive income (loss), net of tax, before reclassification from AOCI was $718 and $1,402 for the six months ended January 31, 2023 and 2022, respectively. Three Months Ended January 31, 2023 2022 Interest Interest Sales Expense Sales Expense Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ — $ — $ (271) $ — Interest rate swap agreements — 525 — (1,813) Gain (Loss) on Derivatives Not Designated as Hedging Instruments Gain (loss) recognized in income, net of tax Foreign currency forward contracts $ 1,118 $ — $ — $ — Commodities swap agreements (1,567) — — — Interest rate swap agreements — (83) — 2 Total gain (loss) $ (449) $ 442 $ (271) $ (1,811) Six Months Ended January 31, 2023 2022 Interest Interest Sales Expense Sales Expense Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ (58) $ — $ (284) $ — Interest rate swap agreements — 633 — (3,702) Gain (Loss) on Derivatives Not Designated as Hedging Instruments Gain (loss) recognized in income, net of tax Foreign currency forward contracts $ 1,946 $ — $ — $ — Commodities swap agreements (2,229) — — — Interest rate swap agreements — 171 — 89 Total gain (loss) $ (341) $ 804 $ (284) $ (3,613)

Inventories

Inventories	6 Months Ended
Inventories	Jan. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Major classifications of inventories are as follows: January 31, 2023 July 31, 2022 Finished goods – RV $ 221,577 $ 236,311 Finished goods – other 119,308 126,570 Work in process 347,744 397,495 Raw materials 705,853 838,474 Chassis 620,917 293,375 Subtotal 2,015,399 1,892,225 Excess of FIFO costs over LIFO costs (150,752) (137,452) Total inventories, net $ 1,864,647 $ 1,754,773 Of the $2,015,399 and $1,892,225 of inventories at January 31, 2023 and July 31, 2022, $1,258,273 and $1,170,554, respectively, were valued on the first-in, first-out (“FIFO”) method, and $757,126 and $721,671, respectively, were valued on the last-in, first-out (“LIFO”) method.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
Property, Plant and Equipment	Jan. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consists of the following: January 31, 2023 July 31, 2022 Land $ 144,956 $ 142,221 Buildings and improvements 1,003,384 926,485 Machinery and equipment 633,386 601,480 Rental vehicles 73,679 67,414 Lease right-of-use assets – operating 52,287 44,407 Lease right-of-use assets – finance 5,891 6,264 Total cost 1,913,583 1,788,271 Less accumulated depreciation (588,551) (530,112) Property, plant and equipment, net $ 1,325,032 $ 1,258,159 See Note 16 to the Condensed Consolidated Financial Statements for further information regarding the lease right-of-use assets.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
Intangible Assets and Goodwill	Jan. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill The components of amortizable intangible assets are as follows: January 31, 2023 July 31, 2022 Accumulated Accumulated Cost Amortization Cost Amortization Dealer networks/customer relationships $ 1,106,383 $ 475,126 $ 1,090,528 $ 420,623 Trademarks 353,456 86,839 351,152 77,660 Design technology and other intangibles 255,828 93,547 253,918 80,465 Non-compete agreements 1,400 992 1,400 758 Total amortizable intangible assets $ 1,717,067 $ 656,504 $ 1,696,998 $ 579,506 Estimated future amortization expense is as follows: For the remainder of the fiscal year ending July 31, 2023 $ 70,373 For the fiscal year ending July 31, 2024 129,167 For the fiscal year ending July 31, 2025 117,280 For the fiscal year ending July 31, 2026 106,021 For the fiscal year ending July 31, 2027 97,312 For the fiscal year ending July 31, 2028 and thereafter 540,410 $ 1,060,563 Changes in the carrying amount of goodwill by reportable segment for the six months ended January 31, 2023 are summarized as follows: North American Towables North American Motorized European Other Total Net balance as of August 1, 2022 $ 344,975 $ 53,875 $ 893,383 $ 511,918 $ 1,804,151 Fiscal 2023 activity: Goodwill acquired 4,097 — — — 4,097 Measurement period adjustments — — — 4,682 4,682 Foreign currency translation — — 55,729 — 55,729 Deconsolidation of Roadpass Digital — — — (84,883) (84,883) Net balance as of January 31, 2023 $ 349,072 $ 53,875 $ 949,112 $ 431,717 $ 1,783,776 Changes in the carrying amount of goodwill by reportable segment for the six months ended January 31, 2022 are summarized as follows: North American Towables North American Motorized European Other Total Net balance as of August 1, 2021 $ 344,975 $ 53,875 $ 1,041,697 $ 122,708 $ 1,563,255 Fiscal 2022 activity: Goodwill acquired — — — 389,838 389,838 Measurement period adjustments — — — 49 49 Foreign currency translation — — (64,390) — (64,390) Net balance as of January 31, 2022 $ 344,975 $ 53,875 $ 977,307 $ 512,595 $ 1,888,752

Equity Investments

Equity Investments	6 Months Ended
Equity Investments	Jan. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	Equity Investments Effective December 30, 2022, the Company entered into a Subscription and Contribution Agreement with TechNexus Holdings LLC (“TechNexus”), whereby the Company transferred TH2Connect, LLC d/b/a Roadpass Digital (“Roadpass Digital”) and its associated legal entities to TN-RP Holdings, LLC (“TN-RP”), a new legal entity formed by TechNexus, in a non-cash transaction following which the Company and TechNexus own 100% of the Class A-RP units and Class C-RP units, respectively, issued by TN-RP. The Company also simultaneously entered into an Operating Agreement with TechNexus related to TN-RP whereby TechNexus will manage the day-to-day operations of TN-RP subject to certain protective rights maintained by the Company. The rights and privileges of the Company and TechNexus as unit holders of TN-RP are governed by the terms of the Operating Agreement, which includes provisions for distributions during its existence and at dissolution. TN-RP is a variable interest entity (“VIE”), in which both the Company and TechNexus each have a variable interest. The Company’s equity interest, which entitles the Company to a share of future distributions from TN-RP, represents a variable interest. TechNexus’s compensation in exchange for its services as manager of TN-RP includes ongoing cash payments and a share of future distributions, both as defined in the Operating Agreement. This compensation represents a variable interest for TechNexus as the Company believes that the total compensation is above market for the effort required to provide the requisite management services. TN-RP is a VIE because it is reliant on the Company for financing cash needs and would not otherwise be able to secure such financing at market terms. The formation of TN-RP and the agreements are intended to allow TN-RP to maximize its efficiency and operating effectiveness under the direct day-to-day management and oversight of TechNexus. TechNexus will manage the operations and have control over key decisions in accordance with the Operating Agreement which provides TechNexus with the authority and power to direct the activities that most significantly affect the economic performance of TN-RP. As such, the Company is not the primary beneficiary of TN-RP. As a result of the December 30, 2022 agreements and the factors noted above, the Company no longer had a controlling financial interest in Roadpass Digital which resulted in the deconsolidation of Roadpass Digital subsequent to December 30, 2022. The Company’s investment in TN-RP was valued at approximately $105,600 as of the agreement date based on the Discounted Cash Flow Method and Option Pricing Model. This fair value measurement includes significant management judgment, particularly estimates of future cash flows based on revenues and margins that TN-RP are forecasted to generate in the future, terminal value assumptions and discount rates developed using market observable inputs and consideration of risks regarding future performance. Additionally, the Option Pricing Model further utilized estimates related to volatility, incorporating a selection of guideline public companies, and expected time to exit. The Discounted Cash Flow Method and Option Pricing Model both used level 3 inputs as defined by ASC 820. The derecognition of the Roadpass Digital net assets and recognition of the Company’s investment in TN-RP resulted in an immaterial gain that is included in Other income, net, in the Condensed Consolidated Statements of Income and Comprehensive Income. As of January 31, 2023, the Company had the following investment and maximum exposure to loss: Carrying amount of investment in TN-RP $ 106,569 Maximum exposure to loss $ 129,069 The maximum exposure above includes the carrying amount of the Company’s investment in TN-RP as of January 31, 2023 plus the Company’s maximum remaining commitment to fund operating cash needs upon request from TechNexus, as operating manager of TN-RP. The Company has significant influence due to its Class A-RP unit ownership interest, non-majority seats on the TN-RP advisory board and certain protective rights, therefore the Company’s investment in TN-RP is accounted for under the equity method of accounting and reported as a component of Equity investments in the Condensed Consolidated Balance Sheets beginning after December 30, 2022. In applying the equity method of accounting, the Company will allocate its share of earnings and losses using a hypothetical liquidation at book value method, as the Operating Agreement specifies how earnings and losses are to be allocated amongst the unit holders. The Company’s share of gains and losses accounted for under the equity method of accounting are included in Other income, net in the Condensed Consolidated Statements of Income and Comprehensive Income. The losses recognized in the three and six months ended January 31, 2023 were not material.

Concentration of Risk

Concentration of Risk	6 Months Ended
Concentration of Risk	Jan. 31, 2023
Risks and Uncertainties [Abstract]
Concentration of Risk	Concentration of RiskOne dealer, FreedomRoads, LLC, accounted for 14% of the Company’s consolidated net sales for both the three-month periods ended January 31, 2023 and January 31, 2022, and accounted for 14% of the Company’s consolidated net sales for both the six-month periods ended January 31, 2023 and January 31, 2022. The majority of the sales to this dealer are reported within the North American Towables and North American Motorized segments. This dealer also accounted for 10% of the Company’s consolidated trade accounts receivable at both January 31, 2023 and July 31, 2022. The loss of this dealer could have a material effect on the Company’s business.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jan. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The financial assets and liabilities that are accounted for at fair value on a recurring basis at January 31, 2023 and July 31, 2022 are as follows: Input Level January 31, 2023 July 31, 2022 Cash equivalents Level 1 $ 128,127 $ — Deferred compensation plan mutual fund assets Level 1 $ 50,244 $ 42,312 Equity investments Level 1 $ 10,263 $ — Foreign currency forward contract asset Level 2 $ 1,025 $ — Foreign currency forward contract liability Level 2 $ — $ 80 Interest rate swap asset, net Level 2 $ 54 $ — Interest rate swap liability, net Level 2 $ — $ 227 Cash equivalents represent investments in short-term money market instruments that are direct obligations of the U.S. Treasury and/or repurchase agreements backed by U.S. Treasury obligations. These investments are reported as a component of Cash and cash equivalents in the Condensed Consolidated Balance Sheets. Deferred compensation plan assets accounted for at fair value are investments in securities (primarily mutual funds) traded in an active market held for the benefit of certain employees of the Company as part of a deferred compensation plan. Additional plan investments in corporate-owned life insurance are recorded at their cash surrender value, not fair value, and therefore are not included above. Equity investments represent certain stock investments that are publicly traded in an active market. The fair value of foreign currency forward contracts is estimated by discounting the difference between the contractual forward price and the current available forward price for the residual maturity of the contract using observable market rates. The fair value of interest rate swaps is determined by discounting the estimated future cash flows based on the applicable observable yield curves.

Product Warranties

Product Warranties	6 Months Ended
Product Warranties	Jan. 31, 2023
Guarantees and Product Warranties [Abstract]
Product Warranties	Product Warranties The Company generally provides retail customers of its products with a one-year or two-year warranty covering defects in material or workmanship, with longer warranties on certain structural components. Changes in our product warranty liability during the indicated periods are as follows: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Beginning balance $ 325,713 $ 290,617 $ 317,908 $ 267,620 Provision 72,356 75,585 161,781 160,123 Payments (75,503) (67,784) (155,644) (138,036) Acquisition — — — 9,828 Foreign currency translation 4,099 (2,260) 2,620 (3,377) Ending balance $ 326,665 $ 296,158 $ 326,665 $ 296,158

Long-Term Debt

Long-Term Debt	6 Months Ended
Long-Term Debt	Jan. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The components of long-term debt are as follows: January 31, 2023 July 31, 2022 Term loan $ 1,139,714 $ 1,124,209 Asset-based credit facility 85,000 100,000 Senior unsecured notes 500,000 500,000 Unsecured notes 27,083 25,495 Other debt 46,600 50,207 Gross long-term debt 1,798,397 1,799,911 Debt issuance costs, net of amortization (28,775) (32,482) Total long-term debt, net of debt issuance costs 1,769,622 1,767,429 Less: current portion of long-term debt (11,116) (13,190) Total long-term debt, net, less current portion $ 1,758,506 $ 1,754,239 As discussed in Note 12 to the Company’s Consolidated Financial Statements included in the Fiscal 2022 Form 10-K, the Company is a party to a seven-year term loan (“term loan”) agreement, which consists of both a U.S. Dollar-denominated term loan tranche and a Euro-denominated term loan tranche, and a $1,000,000 revolving asset-based credit facility (“ABL”). Subject to earlier termination, the term loan matures on February 1, 2026 and the ABL matures on September 1, 2026, subject to a springing maturity at an earlier date if the maturity date of the Company's term loan has not been extended or refinanced. As of January 31, 2023, the entire outstanding U.S. term loan tranche balance of $661,900 was subject to a LIBOR-based rate totaling 7.563%. The interest rate on $165,263 of that balance, however, was fixed at 5.466% through an interest rate swap, dated March 18, 2019, by swapping the underlying 1-month LIBOR rate for a fixed rate of 2.466% plus a 3.000% interest rate spread. As of July 31, 2022, the entire outstanding U.S. term loan tranche balance of $671,900 was subject to a LIBOR-based rate totaling 5.375%, but the interest rate on $273,325 of that balance was fixed at 5.466% through an interest rate swap, dated March 18, 2019. The total interest rate on the January 31, 2023 outstanding Euro term loan tranche balance of $477,814 was 5.125%, and the total interest rate on the July 31, 2022 outstanding Euro term loan tranche of $452,309 was 3.000%. The Company must make mandatory prepayments of principal under the term loan agreement upon the occurrence of certain specified events, including certain asset sales, debt issuances and receipt of annual cash flows in excess of certain amounts. No such specified events occurred during the three or six months ended January 31, 2023 or 2022. As of January 31, 2023, the total weighted-average interest rate on the outstanding ABL borrowings of $85,000 was 5.634%. As of July 31, 2022, the total weighted-average interest rate on the outstanding ABL borrowings of $100,000 was 3.048%. The Company may, generally at its option, pay any borrowings under the ABL, in whole or in part, at any time and from time to time, without penalty or premium. Availability under the ABL agreement is subject to a borrowing base based on a percentage of applicable eligible receivables and eligible inventory. The ABL carries interest at an annual base rate plus 0.25% to 0.50%, or LIBOR plus 1.25% to 1.50%, based on adjusted excess availability as defined in the ABL agreement. This agreement also includes a 0.20% unused facility fee. The unused availability under the ABL is generally available to the Company for general operating purposes and, based on January 31, 2023 eligible accounts receivable and inventory balances, net of amounts drawn, totaled approximately $915,000. As discussed in Note 12 to the Company’s Consolidated Financial Statements included in the Fiscal 2022 Form 10-K, on October 14, 2021, the Company issued an aggregate principal amount of $500,000 of 4.000% Senior Unsecured Notes due 2029 (“Senior Unsecured Notes”) that will mature on October 15, 2029 unless redeemed or repurchased earlier. Interest on the Senior Unsecured Notes is payable in semi-annual installments on April 15 and October 15 of each year. The unsecured notes of 25,000 Euro ($27,083) relate to long-term debt of our European segment. There are two series, 20,000 Euro ($21,666) with an interest rate of 1.945% maturing in March 2025, and 5,000 Euro ($5,417) with an interest rate of 2.534% maturing March 2028. Other debt relates primarily to real estate loans with varying maturity dates through September 2032 and interest rates ranging from 2.380% to 2.870%. Total contractual gross debt maturities are as follows: For the remainder of the fiscal year ending July 31, 2023 $ 5,451 For the fiscal year ending July 31, 2024 10,991 For the fiscal year ending July 31, 2025 32,538 For the fiscal year ending July 31, 2026 1,227,838 For the fiscal year ending July 31, 2027 2,654 For the fiscal year ending July 31, 2028 and thereafter 518,925 $ 1,798,397 For the three and six months ended January 31, 2023, interest expense on the term loan, ABL, Senior Unsecured Notes and other debt facilities was $24,064 and $44,243, respectively, and also included the amortization of capitalized fees to secure the term loan, ABL and Senior Unsecured Notes, which are being amortized over the respective terms of those arrangements, of $2,862 and $5,697, respectively. For the three and six months ended January 31, 2022, interest expense on the term loan, ABL and other debt facilities was $20,812 and $38,455, respectively, and also included the amortization of capitalized fees to secure the term loan, ABL and Senior Unsecured Notes, which are being amortized over the respective terms of those arrangements, of $3,144 and $5,568, respectively. The fair value of the Company’s term-loan debt at January 31, 2023 and July 31, 2022 was $1,139,777 and $1,097,136, respectively, and the fair value of the Company’s Senior Unsecured Notes at January 31, 2023 and July 31, 2022 was $415,700 and $405,000, respectively. The fair values of the Company’s term-loan debt and Senior Unsecured Notes are primarily estimated using Level 2 inputs as defined by ASC 820, based on quoted prices in markets that are not active. The fair value of other debt held by the Company approximates carrying value. Subsequent to January 31, 2023, we made principal payments of $15,000 on our ABL and $15,000 on our U.S. term loan.

Provision for Income Taxes

Provision for Income Taxes	6 Months Ended
Provision for Income Taxes	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Provision for Income Taxes	Provision for Income Taxes The overall effective income tax rate for the three months ended January 31, 2023 was 21.1%, and the effective income tax rate for the six months ended January 31, 2023 was 23.0%. These rates were both favorably impacted by certain foreign rate differences and mix of earnings between foreign and domestic operations which include certain interest income not subject to corporate income tax. The tax rate for the six-month period includes an unfavorable impact from the vesting of share-based compensation awards. The overall effective income tax rate for the three months ended January 31, 2022 was 23.3%, and the effective income tax rate for the six months ended January 31, 2022 was 22.6%. These rates were both favorably impacted by certain foreign rate differences which include certain interest income not subject to corporate income tax and for the six-month period, the tax rate was favorably impacted from the vesting of share-based compensation awards. Within the next 12 months, the Company anticipates a decrease of approximately $1,700 in unrecognized tax benefits, and $300 in accrued interest related to unrecognized tax benefits recorded as of January 31, 2023, from expected settlements or payments of uncertain tax positions and lapses of the applicable statutes of limitations. Actual results may differ from these estimates.

Contingent Liabilities, Commitm

Contingent Liabilities, Commitments and Legal Matters	6 Months Ended
Contingent Liabilities, Commitments and Legal Matters	Jan. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities, Commitments and Legal Matters	Contingent Liabilities, Commitments and Legal Matters The Company’s total commercial commitments under standby repurchase obligations on global dealer inventory financing were $4,646,159 and $4,308,524 as of January 31, 2023 and July 31, 2022, respectively. The commitment term is generally up to 18 months. The Company accounts for the guarantee under repurchase agreements of dealers’ financing by deferring a portion of the related product sale that represents the estimated fair value of the guarantee at inception. This deferred amount is included in the repurchase and guarantee reserve balances of $12,840 and $11,346 as of January 31, 2023 and July 31, 2022, respectively, which is included in Other current liabilities in the Condensed Consolidated Balance Sheets. Losses incurred related to repurchase agreements that were settled during the three and six months ended January 31, 2023 and January 31, 2022 were not material. Based on current market conditions, the Company believes that any future losses under these agreements will not have a material effect on the Company’s consolidated financial position, results of operations or cash flows. The Company is also involved in certain litigation arising out of its operations in the normal course of its business, most of which is based upon state “lemon laws,” warranty claims and vehicle accidents (for which the Company carries insurance above a specified self-insured retention or deductible amount). The outcomes of legal proceedings and claims brought against the Company are subject to significant uncertainty. There is significant judgment required in assessing both the probability of an adverse outcome and the determination as to whether an exposure can be reasonably estimated. Based on current conditions, management does not believe the ultimate disposition of any current legal proceedings or claims against the Company will have a material effect on the Company’s financial condition, operating results or cash flows. Litigation is, however, inherently uncertain and an adverse outcome from such litigation could have a material effect on the operating results of a particular reporting period.

Leases

Leases	6 Months Ended
Leases	Jan. 31, 2023
Leases [Abstract]
Leases	Leases The Company has operating leases principally for land, buildings and equipment, and has various finance leases for certain land and buildings expiring through 2035. Certain of the Company’s leases include options to extend or terminate the leases, and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised. The Company does not include significant restrictions or covenants in our lease agreements, and residual value guarantees are not generally included within our operating leases. The components of lease costs for the three and six-month periods ended January 31, 2023 and January 31, 2022 were as follows: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Operating lease cost $ 7,584 $ 6,908 $ 14,463 $ 13,216 Finance lease cost Amortization of right-of-use assets 187 187 373 373 Interest on lease liabilities 100 120 205 245 Total lease cost $ 7,871 $ 7,215 $ 15,041 $ 13,834 Other information related to leases was as follows: Six Months Ended January 31, Supplemental Cash Flows Information 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 14,405 $ 13,193 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 12,464 $ 11,598 Supplemental Balance Sheet Information January 31, 2023 July 31, 2022 Operating leases: Operating lease right-of-use assets $ 52,287 $ 44,407 Operating lease liabilities: Other current liabilities $ 11,490 $ 9,406 Other long-term liabilities 40,716 34,830 Total operating lease liabilities $ 52,206 $ 44,236 Finance leases: Finance lease right-of-use assets $ 5,891 $ 6,264 Finance lease liabilities: Other current liabilities $ 976 $ 1,215 Other long-term liabilities 3,111 3,476 Total finance lease liabilities $ 4,087 $ 4,691 January 31, 2023 July 31, 2022 Weighted-average remaining lease term: Operating leases 9.3 years 10.2 years Finance leases 4.1 years 4.4 years Weighted-average discount rate: Operating leases 4.6 % 3.6 % Finance leases 9.4 % 9.2 % Future minimum rental payments required under operating and finance leases as of January 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2023 $ 9,341 $ 792 For the fiscal year ending July 31, 2024 15,697 1,059 For the fiscal year ending July 31, 2025 12,026 1,083 For the fiscal year ending July 31, 2026 8,301 1,107 For the fiscal year ending July 31, 2027 6,093 896 For the fiscal year ending July 31, 2028 and thereafter 20,155 58 Total future lease payments 71,613 4,995 Less: amount representing interest (19,407) (908) Total reported lease liability $ 52,206 $ 4,087
Leases	Leases The Company has operating leases principally for land, buildings and equipment, and has various finance leases for certain land and buildings expiring through 2035. Certain of the Company’s leases include options to extend or terminate the leases, and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised. The Company does not include significant restrictions or covenants in our lease agreements, and residual value guarantees are not generally included within our operating leases. The components of lease costs for the three and six-month periods ended January 31, 2023 and January 31, 2022 were as follows: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Operating lease cost $ 7,584 $ 6,908 $ 14,463 $ 13,216 Finance lease cost Amortization of right-of-use assets 187 187 373 373 Interest on lease liabilities 100 120 205 245 Total lease cost $ 7,871 $ 7,215 $ 15,041 $ 13,834 Other information related to leases was as follows: Six Months Ended January 31, Supplemental Cash Flows Information 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 14,405 $ 13,193 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 12,464 $ 11,598 Supplemental Balance Sheet Information January 31, 2023 July 31, 2022 Operating leases: Operating lease right-of-use assets $ 52,287 $ 44,407 Operating lease liabilities: Other current liabilities $ 11,490 $ 9,406 Other long-term liabilities 40,716 34,830 Total operating lease liabilities $ 52,206 $ 44,236 Finance leases: Finance lease right-of-use assets $ 5,891 $ 6,264 Finance lease liabilities: Other current liabilities $ 976 $ 1,215 Other long-term liabilities 3,111 3,476 Total finance lease liabilities $ 4,087 $ 4,691 January 31, 2023 July 31, 2022 Weighted-average remaining lease term: Operating leases 9.3 years 10.2 years Finance leases 4.1 years 4.4 years Weighted-average discount rate: Operating leases 4.6 % 3.6 % Finance leases 9.4 % 9.2 % Future minimum rental payments required under operating and finance leases as of January 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2023 $ 9,341 $ 792 For the fiscal year ending July 31, 2024 15,697 1,059 For the fiscal year ending July 31, 2025 12,026 1,083 For the fiscal year ending July 31, 2026 8,301 1,107 For the fiscal year ending July 31, 2027 6,093 896 For the fiscal year ending July 31, 2028 and thereafter 20,155 58 Total future lease payments 71,613 4,995 Less: amount representing interest (19,407) (908) Total reported lease liability $ 52,206 $ 4,087

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jan. 31, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Stock-based Compensation Total stock-based compensation expense recognized in the three-month periods ended January 31, 2023 and January 31, 2022 for stock-based awards totaled $8,543 and $6,959, respectively. Total stock-based compensation expense recognized in the six-month periods ended January 31, 2023 and January 31, 2022 for stock-based awards totaled $16,935 and $12,986, respectively. Share Repurchase Program On December 21, 2021, the Company’s Board of Directors (“Board”) authorized Company management to utilize up to $250,000 to repurchase shares of the Company’s common stock through December 21, 2024. On June 24, 2022, the Board authorized Company management to utilize up to an additional $448,321 to repurchase shares of the Company’s common stock through July 31, 2025. Under the share repurchase program, the Company is authorized to repurchase, on a discretionary basis and from time-to-time, outstanding shares of its common stock in the open market, in privately negotiated transactions or by other means. The timing and amount of share repurchases will be determined at the discretion of the Company’s management team based upon the market price of the stock, management's evaluation of general market and economic conditions, cash availability and other factors. The share repurchase program may be suspended, modified or discontinued at any time, and the Company has no obligation to repurchase any amount of its common stock under the program. During the three months ended January 31, 2023, the Company did not repurchase any shares of its common stock. During the six months ended January 31, 2023, the Company repurchased 338,733 shares of its common stock, at various times in the open market, at a weighted-average price of $75.01 and held them as treasury shares at an aggregate purchase price of $25,407, all from the December 21, 2021 authorization. Since the inception of the initial December 21, 2021 authorization, the Company has repurchased 2,282,976 shares of its common stock, at various times in the open market, at a weighted-average price of $83.45 and held them as treasury shares at an aggregate purchase price of $190,514. As of January 31, 2023, the remaining amount of the Company's common stock that may be repurchased under the December 21, 2021 $250,000 authorization expiring on December 21, 2024 is $59,486. As of January 31, 2023 , the remaining amount of the Company’s common stock that may be repurchased under the June 24, 2022 authorization expiring on July 31, 2025 is $448,321. As of January 31, 2023, the total remaining amount of the Company’s common stock that may be repurchased under these two authorizations is $507,807.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The table below disaggregates revenue to the level that the Company believes best depicts how the nature, amount, timing and uncertainty of the Company’s revenue and cash flows are affected by economic factors. Other RV-related revenues shown below in the European segment include sales related to accessories and services, new and used vehicle sales at owned dealerships and RV rentals. Performance obligations for all material revenue streams are recognized at a point-in-time. Other sales relate primarily to component part sales to RV original equipment manufacturers and aftermarket sales through dealers and retailers, as well as aluminum extruded components. Three Months Ended January 31, Six Months Ended January 31, NET SALES: 2023 2022 2023 2022 Recreational vehicles North American Towables Travel Trailers $ 527,829 $ 1,250,579 $ 1,350,698 $ 2,660,203 Fifth Wheels 301,922 734,509 796,859 1,565,719 Total North American Towables 829,751 1,985,088 2,147,557 4,225,922 North American Motorized Class A 244,128 429,894 648,706 839,393 Class C 334,911 361,565 825,698 721,571 Class B 159,544 185,347 387,698 340,870 Total North American Motorized 738,583 976,806 1,862,102 1,901,834 Total North America 1,568,334 2,961,894 4,009,659 6,127,756 European Motorcaravan 267,782 350,861 507,567 667,125 Campervan 227,136 192,838 366,302 370,621 Caravan 94,494 91,153 156,109 151,833 Other RV-related 57,526 88,878 121,262 167,148 Total European 646,938 723,730 1,151,240 1,356,727 Total recreational vehicles 2,215,272 3,685,624 5,160,899 7,484,483 Other 164,859 294,146 397,507 551,976 Intercompany eliminations (33,496) (104,752) (103,687) (203,217) Total $ 2,346,635 $ 3,875,018 $ 5,454,719 $ 7,833,242

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
Accumulated Other Comprehensive Income (Loss)	Jan. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of other comprehensive income (loss) (“OCI”) and the changes in the Company’s accumulated other comprehensive income (loss) (“AOCI”) by component were as follows: Three Months Ended January 31, 2023 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ (226,348) $ 1,479 $ 1,171 $ (223,698) $ (2,639) $ (226,337) OCI before reclassifications 128,352 (178) (39) 128,135 25 128,160 Income taxes associated with OCI before reclassifications (1) — 42 — 42 — 42 Amounts reclassified from AOCI — (691) — (691) — (691) Income taxes associated with amounts reclassified from AOCI — 166 — 166 — 166 OCI, net of tax for the fiscal period 128,352 (661) (39) 127,652 25 127,677 Balance at end of period, net of tax $ (97,996) $ 818 $ 1,132 $ (96,046) $ (2,614) $ (98,660) Three Months Ended January 31, 2022 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ 19,145 $ (6,300) $ (876) $ 11,969 $ (932) $ 11,037 OCI before reclassifications (69,429) 4 (372) (69,797) (545) (70,342) Income taxes associated with OCI before reclassifications (1) — 41 — 41 — 41 Amounts reclassified from AOCI — 2,736 — 2,736 — 2,736 Income taxes associated with amounts reclassified from AOCI — (652) — (652) — (652) OCI, net of tax for the fiscal period (69,429) 2,129 (372) (67,672) (545) (68,217) Balance at end of period, net of tax $ (50,284) $ (4,171) $ (1,248) $ (55,703) $ (1,477) $ (57,180) Six Months Ended January 31, 2023 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) OCI before reclassifications 85,457 945 (39) 86,363 (409) 85,954 Income taxes associated with OCI before reclassifications (1) — (227) — (227) — (227) Amounts reclassified from AOCI — (753) — (753) — (753) Income taxes associated with amounts reclassified from AOCI — 178 — 178 — 178 OCI, net of tax for the fiscal period 85,457 143 (39) 85,561 (409) 85,152 Balance at end of period, net of tax $ (97,996) $ 818 $ 1,132 $ (96,046) $ (2,614) $ (98,660) Six Months Ended January 31, 2022 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ 54,152 $ (8,655) $ (876) $ 44,621 $ (772) $ 43,849 OCI before reclassifications (104,436) 589 (372) (104,219) (705) (104,924) Income taxes associated with OCI before reclassifications (1) — (91) — (91) — (91) Amounts reclassified from AOCI — 5,264 — 5,264 — 5,264 Income taxes associated with amounts reclassified from AOCI — (1,278) — (1,278) — (1,278) OCI, net of tax for the fiscal period (104,436) 4,484 (372) (100,324) (705) (101,029) Balance at end of period, net of tax $ (50,284) $ (4,171) $ (1,248) $ (55,703) $ (1,477) $ (57,180) (1) We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.

Nature of Operations and Acco_2

Nature of Operations and Accounting Policies (Policies)	6 Months Ended
Nature of Operations and Accounting Policies (Policies)	Jan. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations THOR Industries, Inc. was founded in 1980 and is the sole owner of operating subsidiaries (collectively, the “Company” or “THOR”), that, combined, represent the world's largest manufacturer of recreational vehicles (“RVs”). The Company manufactures a wide variety of RVs in the United States and Europe and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. Unless the context requires or indicates otherwise, all references to “THOR,” the “Company,” “we,” “our” and “us” refer to THOR Industries, Inc. and its subsidiaries. The July 31, 2022 amounts are derived from the annual audited financial statements of THOR. The interim financial statements are unaudited. In the opinion of management, all adjustments (which consist of normal, recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented have been made. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2022. Due to seasonality within the recreational vehicle industry, and the impact of the ongoing supply chain disruptions, inflation and shifting consumer demand on our industry, among other factors, annualizing the results of operations for the six months ended January 31, 2023 would not necessarily be indicative of the results expected for the full fiscal year. During the quarter ended January 31, 2023, the Company reclassified certain immaterial investments accounted for under the equity method, which had previously been shown as a component of Other long-term assets in the Condensed Consolidated Balance Sheets, to a separate line called Equity investments. In addition, certain other immaterial amounts from the prior year have been reclassified to conform with current-year presentation.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
Acquisitions (Tables)	Jan. 31, 2023
Business Combinations [Abstract]
Schedule of recognized identified assets acquired and liabilities assumed	The following table summarizes the final fair values of the Airxcel net assets acquired on the acquisition date. Cash $ 23,404 Inventory 71,150 Other assets 62,657 Property, plant and equipment 40,518 Amortizable intangible assets: Customer relationships 284,000 Trademarks 56,900 Design technology assets 60,600 Backlog 700 Goodwill 372,608 Current liabilities (115,535) Deferred income tax liabilities (77,086) Other liabilities (10,494) Non-controlling interest (739) Total fair value of net assets acquired 768,683 Less cash acquired (23,404) Total cash consideration for acquisition, less cash acquired $ 745,279
Business Acquisition, Pro Forma Information	The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2022 acquisition of Airxcel had occurred at the beginning of fiscal 2021. These pro forma results may not be indicative of the actual results that would have occurred under the ownership and management of the Company. Three Months Ended January 31, 2022 Net sales $ 3,875,018 Net income attributable to THOR Industries, Inc. $ 266,568 Basic earnings per common share $ 4.80 Diluted earnings per common share $ 4.79 Six Months Ended January 31, 2022 Net sales $ 7,880,700 Net income attributable to THOR Industries, Inc. $ 515,623 Basic earnings per common share $ 9.30 Diluted earnings per common share $ 9.25

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
Business Segments (Tables)	Jan. 31, 2023
Segment Reporting [Abstract]
Schedule of segment reporting information by segment	The following tables reflect certain financial information by reportable segment: Three Months Ended January 31, Six Months Ended January 31, NET SALES: 2023 2022 2023 2022 Recreational vehicles North American Towables $ 829,751 $ 1,985,088 $ 2,147,557 $ 4,225,922 North American Motorized 738,583 976,806 1,862,102 1,901,834 Total North America 1,568,334 2,961,894 4,009,659 6,127,756 European 646,938 723,730 1,151,240 1,356,727 Total recreational vehicles 2,215,272 3,685,624 5,160,899 7,484,483 Other 164,859 294,146 397,507 551,976 Intercompany eliminations (33,496) (104,752) (103,687) (203,217) Total $ 2,346,635 $ 3,875,018 $ 5,454,719 $ 7,833,242 Three Months Ended January 31, Six Months Ended January 31, INCOME (LOSS) BEFORE INCOME TAXES: 2023 2022 2023 2022 Recreational vehicles North American Towables $ (7,119) $ 275,895 $ 103,888 $ 542,177 North American Motorized 61,544 104,037 185,977 192,935 Total North America 54,425 379,932 289,865 735,112 European 12,015 9,665 5,547 (8,311) Total recreational vehicles 66,440 389,597 295,412 726,801 Other, net 8,289 23,092 13,034 46,621 Corporate (42,011) (66,436) (96,457) (114,327) Total $ 32,718 $ 346,253 $ 211,989 $ 659,095 TOTAL ASSETS: January 31, 2023 July 31, 2022 Recreational vehicles North American Towables $ 1,573,865 $ 2,040,841 North American Motorized 1,417,512 1,239,476 Total North America 2,991,377 3,280,317 European 2,702,873 2,449,270 Total recreational vehicles 5,694,250 5,729,587 Other 1,109,967 1,272,829 Corporate 507,743 405,716 Total $ 7,311,960 $ 7,408,132 DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Recreational vehicles North American Towables $ 15,028 $ 16,313 $ 30,465 $ 32,615 North American Motorized 8,172 7,107 16,333 14,129 Total North America 23,200 23,420 46,798 46,744 European 28,713 33,696 56,015 68,409 Total recreational vehicles 51,913 57,116 102,813 115,153 Other 15,338 18,357 30,986 24,837 Corporate 431 422 876 858 Total $ 67,682 $ 75,895 $ 134,675 $ 140,848 Three Months Ended January 31, Six Months Ended January 31, CAPITAL ACQUISITIONS: 2023 2022 2023 2022 Recreational vehicles North American Towables $ 16,820 $ 21,479 $ 37,994 $ 34,613 North American Motorized 10,266 6,691 29,330 15,320 Total North America 27,086 28,170 67,324 49,933 European 12,151 39,425 21,071 54,227 Total recreational vehicles 39,237 67,595 88,395 104,160 Other 7,957 7,763 12,769 12,180 Corporate 151 49 271 83 Total $ 47,345 $ 75,407 $ 101,435 $ 116,423

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
Earnings Per Common Share (Tables)	Jan. 31, 2023
Earnings Per Share [Abstract]
Schedule of earnings per common share	The following table reflects the weighted-average common shares used to compute basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Weighted-average common shares outstanding for basic earnings per share 53,518,878 55,493,622 53,587,646 55,458,238 Unvested restricted and performance stock units 292,032 155,823 282,184 261,841 Weighted-average common shares outstanding assuming dilution 53,810,910 55,649,445 53,869,830 55,720,079

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	6 Months Ended
Derivatives and Hedging (Tables)	Jan. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The fair value of our derivative instruments designated as cash flow hedges, and the associated notional amounts, presented on a pre-tax basis, were as follows: January 31, 2023 July 31, 2022 Fair Value in Fair Value in Fair Value in Fair Value in Other Current Other Current Other Current Other Current Cash Flow Hedges Notional Assets Liabilities Notional Assets Liabilities Foreign currency forward contracts $ — $ — $ — $ 33,997 $ — $ 80 Interest rate swap agreements 165,263 961 — 273,325 850 — Total derivative financial instruments $ 165,263 $ 961 $ — $ 307,322 $ 850 $ 80
Derivative instruments, gain (loss)	The total amounts presented in the Condensed Consolidated Statements of Income and Comprehensive Income due to changes in the fair value of the derivative instruments are as follows: Three Months Ended January 31, 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (Loss) recognized in Other Comprehensive Income, net of tax Foreign currency forward contracts $ — $ (479) Interest rate swap agreements (1) (661) 2,608 Total gain (loss) $ (661) $ 2,129 (1) Other comprehensive income (loss), net of tax, before reclassification from AOCI was $(136) and $795 for the three months ended January 31, 2023 and 2022, respectively. Six Months Ended January 31, 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (Loss) recognized in Other Comprehensive Income, net of tax Foreign currency forward contracts $ — $ (620) Interest rate swap agreements (2) 85 5,104 Total gain (loss) $ 85 $ 4,484 (2) Other comprehensive income (loss), net of tax, before reclassification from AOCI was $718 and $1,402 for the six months ended January 31, 2023 and 2022, respectively. Three Months Ended January 31, 2023 2022 Interest Interest Sales Expense Sales Expense Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ — $ — $ (271) $ — Interest rate swap agreements — 525 — (1,813) Gain (Loss) on Derivatives Not Designated as Hedging Instruments Gain (loss) recognized in income, net of tax Foreign currency forward contracts $ 1,118 $ — $ — $ — Commodities swap agreements (1,567) — — — Interest rate swap agreements — (83) — 2 Total gain (loss) $ (449) $ 442 $ (271) $ (1,811) Six Months Ended January 31, 2023 2022 Interest Interest Sales Expense Sales Expense Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ (58) $ — $ (284) $ — Interest rate swap agreements — 633 — (3,702) Gain (Loss) on Derivatives Not Designated as Hedging Instruments Gain (loss) recognized in income, net of tax Foreign currency forward contracts $ 1,946 $ — $ — $ — Commodities swap agreements (2,229) — — — Interest rate swap agreements — 171 — 89 Total gain (loss) $ (341) $ 804 $ (284) $ (3,613)

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jan. 31, 2023
Inventory Disclosure [Abstract]
Schedule of major classifications of inventories	Major classifications of inventories are as follows: January 31, 2023 July 31, 2022 Finished goods – RV $ 221,577 $ 236,311 Finished goods – other 119,308 126,570 Work in process 347,744 397,495 Raw materials 705,853 838,474 Chassis 620,917 293,375 Subtotal 2,015,399 1,892,225 Excess of FIFO costs over LIFO costs (150,752) (137,452) Total inventories, net $ 1,864,647 $ 1,754,773

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
Property, Plant and Equipment (Tables)	Jan. 31, 2023
Property, Plant and Equipment [Abstract]
Property, plant and equipment	Property, plant and equipment consists of the following: January 31, 2023 July 31, 2022 Land $ 144,956 $ 142,221 Buildings and improvements 1,003,384 926,485 Machinery and equipment 633,386 601,480 Rental vehicles 73,679 67,414 Lease right-of-use assets – operating 52,287 44,407 Lease right-of-use assets – finance 5,891 6,264 Total cost 1,913,583 1,788,271 Less accumulated depreciation (588,551) (530,112) Property, plant and equipment, net $ 1,325,032 $ 1,258,159

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
Intangible Assets and Goodwill (Tables)	Jan. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Components of amortizable intangible assets	The components of amortizable intangible assets are as follows: January 31, 2023 July 31, 2022 Accumulated Accumulated Cost Amortization Cost Amortization Dealer networks/customer relationships $ 1,106,383 $ 475,126 $ 1,090,528 $ 420,623 Trademarks 353,456 86,839 351,152 77,660 Design technology and other intangibles 255,828 93,547 253,918 80,465 Non-compete agreements 1,400 992 1,400 758 Total amortizable intangible assets $ 1,717,067 $ 656,504 $ 1,696,998 $ 579,506
Estimated amortization expense	Estimated future amortization expense is as follows: For the remainder of the fiscal year ending July 31, 2023 $ 70,373 For the fiscal year ending July 31, 2024 129,167 For the fiscal year ending July 31, 2025 117,280 For the fiscal year ending July 31, 2026 106,021 For the fiscal year ending July 31, 2027 97,312 For the fiscal year ending July 31, 2028 and thereafter 540,410 $ 1,060,563
Schedule of goodwill	Changes in the carrying amount of goodwill by reportable segment for the six months ended January 31, 2023 are summarized as follows: North American Towables North American Motorized European Other Total Net balance as of August 1, 2022 $ 344,975 $ 53,875 $ 893,383 $ 511,918 $ 1,804,151 Fiscal 2023 activity: Goodwill acquired 4,097 — — — 4,097 Measurement period adjustments — — — 4,682 4,682 Foreign currency translation — — 55,729 — 55,729 Deconsolidation of Roadpass Digital — — — (84,883) (84,883) Net balance as of January 31, 2023 $ 349,072 $ 53,875 $ 949,112 $ 431,717 $ 1,783,776 Changes in the carrying amount of goodwill by reportable segment for the six months ended January 31, 2022 are summarized as follows: North American Towables North American Motorized European Other Total Net balance as of August 1, 2021 $ 344,975 $ 53,875 $ 1,041,697 $ 122,708 $ 1,563,255 Fiscal 2022 activity: Goodwill acquired — — — 389,838 389,838 Measurement period adjustments — — — 49 49 Foreign currency translation — — (64,390) — (64,390) Net balance as of January 31, 2022 $ 344,975 $ 53,875 $ 977,307 $ 512,595 $ 1,888,752

Equity Investments (Tables)

Equity Investments (Tables)	6 Months Ended
Equity Investments (Tables)	Jan. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	As of January 31, 2023, the Company had the following investment and maximum exposure to loss: Carrying amount of investment in TN-RP $ 106,569 Maximum exposure to loss $ 129,069

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jan. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of fair value, assets measured on recurring basis	The financial assets and liabilities that are accounted for at fair value on a recurring basis at January 31, 2023 and July 31, 2022 are as follows: Input Level January 31, 2023 July 31, 2022 Cash equivalents Level 1 $ 128,127 $ — Deferred compensation plan mutual fund assets Level 1 $ 50,244 $ 42,312 Equity investments Level 1 $ 10,263 $ — Foreign currency forward contract asset Level 2 $ 1,025 $ — Foreign currency forward contract liability Level 2 $ — $ 80 Interest rate swap asset, net Level 2 $ 54 $ — Interest rate swap liability, net Level 2 $ — $ 227

Product Warranties (Tables)

Product Warranties (Tables)	6 Months Ended
Product Warranties (Tables)	Jan. 31, 2023
Guarantees and Product Warranties [Abstract]
Schedule of changes in product warranty liabilities	Changes in our product warranty liability during the indicated periods are as follows: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Beginning balance $ 325,713 $ 290,617 $ 317,908 $ 267,620 Provision 72,356 75,585 161,781 160,123 Payments (75,503) (67,784) (155,644) (138,036) Acquisition — — — 9,828 Foreign currency translation 4,099 (2,260) 2,620 (3,377) Ending balance $ 326,665 $ 296,158 $ 326,665 $ 296,158

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
Long-Term Debt (Tables)	Jan. 31, 2023
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	The components of long-term debt are as follows: January 31, 2023 July 31, 2022 Term loan $ 1,139,714 $ 1,124,209 Asset-based credit facility 85,000 100,000 Senior unsecured notes 500,000 500,000 Unsecured notes 27,083 25,495 Other debt 46,600 50,207 Gross long-term debt 1,798,397 1,799,911 Debt issuance costs, net of amortization (28,775) (32,482) Total long-term debt, net of debt issuance costs 1,769,622 1,767,429 Less: current portion of long-term debt (11,116) (13,190) Total long-term debt, net, less current portion $ 1,758,506 $ 1,754,239
Schedule of maturities of long-term debt	Total contractual gross debt maturities are as follows: For the remainder of the fiscal year ending July 31, 2023 $ 5,451 For the fiscal year ending July 31, 2024 10,991 For the fiscal year ending July 31, 2025 32,538 For the fiscal year ending July 31, 2026 1,227,838 For the fiscal year ending July 31, 2027 2,654 For the fiscal year ending July 31, 2028 and thereafter 518,925 $ 1,798,397

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jan. 31, 2023
Leases [Abstract]
Components of lease costs	The components of lease costs for the three and six-month periods ended January 31, 2023 and January 31, 2022 were as follows: Three Months Ended January 31, Six Months Ended January 31, 2023 2022 2023 2022 Operating lease cost $ 7,584 $ 6,908 $ 14,463 $ 13,216 Finance lease cost Amortization of right-of-use assets 187 187 373 373 Interest on lease liabilities 100 120 205 245 Total lease cost $ 7,871 $ 7,215 $ 15,041 $ 13,834 Other information related to leases was as follows: Six Months Ended January 31, Supplemental Cash Flows Information 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 14,405 $ 13,193 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 12,464 $ 11,598 Supplemental Balance Sheet Information January 31, 2023 July 31, 2022 Operating leases: Operating lease right-of-use assets $ 52,287 $ 44,407 Operating lease liabilities: Other current liabilities $ 11,490 $ 9,406 Other long-term liabilities 40,716 34,830 Total operating lease liabilities $ 52,206 $ 44,236 Finance leases: Finance lease right-of-use assets $ 5,891 $ 6,264 Finance lease liabilities: Other current liabilities $ 976 $ 1,215 Other long-term liabilities 3,111 3,476 Total finance lease liabilities $ 4,087 $ 4,691 January 31, 2023 July 31, 2022 Weighted-average remaining lease term: Operating leases 9.3 years 10.2 years Finance leases 4.1 years 4.4 years Weighted-average discount rate: Operating leases 4.6 % 3.6 % Finance leases 9.4 % 9.2 %
Operating lease liability maturities	Future minimum rental payments required under operating and finance leases as of January 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2023 $ 9,341 $ 792 For the fiscal year ending July 31, 2024 15,697 1,059 For the fiscal year ending July 31, 2025 12,026 1,083 For the fiscal year ending July 31, 2026 8,301 1,107 For the fiscal year ending July 31, 2027 6,093 896 For the fiscal year ending July 31, 2028 and thereafter 20,155 58 Total future lease payments 71,613 4,995 Less: amount representing interest (19,407) (908) Total reported lease liability $ 52,206 $ 4,087
Finance lease liability maturities	Future minimum rental payments required under operating and finance leases as of January 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2023 $ 9,341 $ 792 For the fiscal year ending July 31, 2024 15,697 1,059 For the fiscal year ending July 31, 2025 12,026 1,083 For the fiscal year ending July 31, 2026 8,301 1,107 For the fiscal year ending July 31, 2027 6,093 896 For the fiscal year ending July 31, 2028 and thereafter 20,155 58 Total future lease payments 71,613 4,995 Less: amount representing interest (19,407) (908) Total reported lease liability $ 52,206 $ 4,087

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of revenue	Three Months Ended January 31, Six Months Ended January 31, NET SALES: 2023 2022 2023 2022 Recreational vehicles North American Towables Travel Trailers $ 527,829 $ 1,250,579 $ 1,350,698 $ 2,660,203 Fifth Wheels 301,922 734,509 796,859 1,565,719 Total North American Towables 829,751 1,985,088 2,147,557 4,225,922 North American Motorized Class A 244,128 429,894 648,706 839,393 Class C 334,911 361,565 825,698 721,571 Class B 159,544 185,347 387,698 340,870 Total North American Motorized 738,583 976,806 1,862,102 1,901,834 Total North America 1,568,334 2,961,894 4,009,659 6,127,756 European Motorcaravan 267,782 350,861 507,567 667,125 Campervan 227,136 192,838 366,302 370,621 Caravan 94,494 91,153 156,109 151,833 Other RV-related 57,526 88,878 121,262 167,148 Total European 646,938 723,730 1,151,240 1,356,727 Total recreational vehicles 2,215,272 3,685,624 5,160,899 7,484,483 Other 164,859 294,146 397,507 551,976 Intercompany eliminations (33,496) (104,752) (103,687) (203,217) Total $ 2,346,635 $ 3,875,018 $ 5,454,719 $ 7,833,242

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Jan. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	The components of other comprehensive income (loss) (“OCI”) and the changes in the Company’s accumulated other comprehensive income (loss) (“AOCI”) by component were as follows: Three Months Ended January 31, 2023 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ (226,348) $ 1,479 $ 1,171 $ (223,698) $ (2,639) $ (226,337) OCI before reclassifications 128,352 (178) (39) 128,135 25 128,160 Income taxes associated with OCI before reclassifications (1) — 42 — 42 — 42 Amounts reclassified from AOCI — (691) — (691) — (691) Income taxes associated with amounts reclassified from AOCI — 166 — 166 — 166 OCI, net of tax for the fiscal period 128,352 (661) (39) 127,652 25 127,677 Balance at end of period, net of tax $ (97,996) $ 818 $ 1,132 $ (96,046) $ (2,614) $ (98,660) Three Months Ended January 31, 2022 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ 19,145 $ (6,300) $ (876) $ 11,969 $ (932) $ 11,037 OCI before reclassifications (69,429) 4 (372) (69,797) (545) (70,342) Income taxes associated with OCI before reclassifications (1) — 41 — 41 — 41 Amounts reclassified from AOCI — 2,736 — 2,736 — 2,736 Income taxes associated with amounts reclassified from AOCI — (652) — (652) — (652) OCI, net of tax for the fiscal period (69,429) 2,129 (372) (67,672) (545) (68,217) Balance at end of period, net of tax $ (50,284) $ (4,171) $ (1,248) $ (55,703) $ (1,477) $ (57,180) Six Months Ended January 31, 2023 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) OCI before reclassifications 85,457 945 (39) 86,363 (409) 85,954 Income taxes associated with OCI before reclassifications (1) — (227) — (227) — (227) Amounts reclassified from AOCI — (753) — (753) — (753) Income taxes associated with amounts reclassified from AOCI — 178 — 178 — 178 OCI, net of tax for the fiscal period 85,457 143 (39) 85,561 (409) 85,152 Balance at end of period, net of tax $ (97,996) $ 818 $ 1,132 $ (96,046) $ (2,614) $ (98,660) Six Months Ended January 31, 2022 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ 54,152 $ (8,655) $ (876) $ 44,621 $ (772) $ 43,849 OCI before reclassifications (104,436) 589 (372) (104,219) (705) (104,924) Income taxes associated with OCI before reclassifications (1) — (91) — (91) — (91) Amounts reclassified from AOCI — 5,264 — 5,264 — 5,264 Income taxes associated with amounts reclassified from AOCI — (1,278) — (1,278) — (1,278) OCI, net of tax for the fiscal period (104,436) 4,484 (372) (100,324) (705) (101,029) Balance at end of period, net of tax $ (50,284) $ (4,171) $ (1,248) $ (55,703) $ (1,477) $ (57,180) (1) We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.

Acquisitions - AirXcel Narrativ

Acquisitions - AirXcel Narrative (Details) - USD ($)		3 Months Ended	6 Months Ended
Acquisitions - AirXcel Narrative (Details) - USD ($)	Sep. 01, 2021	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Feb. 01, 2019
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired			$ 6,184,000	$ 781,818,000
Asset-based credit facility
Business Acquisition [Line Items]
Line of credit, maximum borrowing capacity	$ 1,000,000,000
AirX Intermediate Inc.
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired	$ 745,279,000	$ 745,279,000
Acquired finite-lived intangible assets, weighted average useful life	18 years 3 months 18 days
AirX Intermediate Inc. \| Customer relationships
Business Acquisition [Line Items]
Remaining amortization period	20 years
AirX Intermediate Inc. \| Trademarks
Business Acquisition [Line Items]
Remaining amortization period	20 years
AirX Intermediate Inc. \| Design technology and other intangibles
Business Acquisition [Line Items]
Remaining amortization period	10 years
AirX Intermediate Inc. \| Backlog
Business Acquisition [Line Items]
Remaining amortization period	2 months
AirX Intermediate Inc. \| Asset-based credit facility
Business Acquisition [Line Items]
Line of credit, maximum borrowing capacity	$ 1,000,000,000				$ 750,000,000

Acquisitions - AirXcel Schedule

Acquisitions - AirXcel Schedule of Net Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Sep. 01, 2021	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Jul. 31, 2022	Jul. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 1,888,752	$ 1,783,776	$ 1,888,752	$ 1,804,151	$ 1,563,255
Payments to acquire businesses, net of cash acquired			$ 6,184	$ 781,818
AirX Intermediate Inc.
Business Acquisition [Line Items]
Cash	$ 23,404
Inventory	71,150
Other assets	62,657
Property, plant and equipment	40,518
Goodwill	372,608
Current liabilities	(115,535)
Deferred income tax liabilities	(77,086)
Other liabilities	(10,494)
Non-controlling interest	(739)
Total fair value of net assets acquired	768,683
Less cash acquired	(23,404)
Payments to acquire businesses, net of cash acquired	745,279	$ 745,279
AirX Intermediate Inc. \| Customer relationships
Business Acquisition [Line Items]
Amortizable intangible assets:	284,000
AirX Intermediate Inc. \| Trademarks
Business Acquisition [Line Items]
Amortizable intangible assets:	56,900
AirX Intermediate Inc. \| Design technology assets
Business Acquisition [Line Items]
Amortizable intangible assets:	60,600
AirX Intermediate Inc. \| Backlog
Business Acquisition [Line Items]
Amortizable intangible assets:	$ 700

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2022
Business Combinations [Abstract]
Net sales	$ 3,875,018	$ 7,880,700
Net income attributable to THOR Industries, Inc.	$ 266,568	$ 515,623
Basic earnings per common share (in dollars per share)	$ 4.80	$ 9.30
Diluted earnings per common share (in dollars per share)	$ 4.79	$ 9.25

Business Segments - Narrative (

Business Segments - Narrative (Details)	6 Months Ended
Business Segments - Narrative (Details)	Jan. 31, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segments - Schedule of

Business Segments - Schedule of Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Jul. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 2,346,635	$ 3,875,018	$ 5,454,719	$ 7,833,242
Income (loss) from continuing operations before income taxes	32,718	346,253	211,989	659,095
Total assets	7,311,960		7,311,960		$ 7,408,132
Depreciation and amortization expense, total	67,682	75,895	134,675	140,848
Capital acquisitions	47,345	75,407	101,435	116,423
Operating segments \| Recreational vehicles
Segment Reporting Information [Line Items]
Net sales	2,215,272	3,685,624	5,160,899	7,484,483
Income (loss) from continuing operations before income taxes	66,440	389,597	295,412	726,801
Total assets	5,694,250		5,694,250		5,729,587
Depreciation and amortization expense, total	51,913	57,116	102,813	115,153
Capital acquisitions	39,237	67,595	88,395	104,160
Operating segments \| Recreational vehicles \| North America
Segment Reporting Information [Line Items]
Net sales	1,568,334	2,961,894	4,009,659	6,127,756
Income (loss) from continuing operations before income taxes	54,425	379,932	289,865	735,112
Total assets	2,991,377		2,991,377		3,280,317
Depreciation and amortization expense, total	23,200	23,420	46,798	46,744
Capital acquisitions	27,086	28,170	67,324	49,933
Operating segments \| Recreational vehicles \| North America \| North American Towables
Segment Reporting Information [Line Items]
Net sales	829,751	1,985,088	2,147,557	4,225,922
Income (loss) from continuing operations before income taxes	(7,119)	275,895	103,888	542,177
Total assets	1,573,865		1,573,865		2,040,841
Depreciation and amortization expense, total	15,028	16,313	30,465	32,615
Capital acquisitions	16,820	21,479	37,994	34,613
Operating segments \| Recreational vehicles \| North America \| North American Motorized
Segment Reporting Information [Line Items]
Net sales	738,583	976,806	1,862,102	1,901,834
Income (loss) from continuing operations before income taxes	61,544	104,037	185,977	192,935
Total assets	1,417,512		1,417,512		1,239,476
Depreciation and amortization expense, total	8,172	7,107	16,333	14,129
Capital acquisitions	10,266	6,691	29,330	15,320
Operating segments \| Recreational vehicles \| Europe
Segment Reporting Information [Line Items]
Net sales	646,938	723,730	1,151,240	1,356,727
Income (loss) from continuing operations before income taxes	12,015	9,665	5,547	(8,311)
Total assets	2,702,873		2,702,873		2,449,270
Depreciation and amortization expense, total	28,713	33,696	56,015	68,409
Capital acquisitions	12,151	39,425	21,071	54,227
Other, net
Segment Reporting Information [Line Items]
Net sales	164,859	294,146	397,507	551,976
Income (loss) from continuing operations before income taxes	8,289	23,092	13,034	46,621
Total assets	1,109,967		1,109,967		1,272,829
Depreciation and amortization expense, total	15,338	18,357	30,986	24,837
Capital acquisitions	7,957	7,763	12,769	12,180
Corporate
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	(42,011)	(66,436)	(96,457)	(114,327)
Total assets	507,743		507,743		$ 405,716
Depreciation and amortization expense, total	431	422	876	858
Capital acquisitions	151	49	271	83
Intercompany eliminations
Segment Reporting Information [Line Items]
Net sales	$ (33,496)	$ (104,752)	$ (103,687)	$ (203,217)

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - shares	3 Months Ended		6 Months Ended
Earnings Per Common Share (Details) - shares	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Earnings Per Share [Abstract]
Weighted-average common shares outstanding for basic earnings per share (in shares)	53,518,878	55,493,622	53,587,646	55,458,238
Unvested restricted stock units (in shares)	292,032	155,823	282,184	261,841
Weighted-average common shares outstanding assuming dilution (in shares)	53,810,910	55,649,445	53,869,830	55,720,079
Antidilutive stock options, unvested restricted stock units outstanding (in shares)	169,350	235,552	186,895	132,942

Derivatives and Hedging - Fair

Derivatives and Hedging - Fair Value and Associated Notional Amounts (Details) - Cash Flow Hedges - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Derivative [Line Items]
Notional	$ 165,263	$ 307,322
Fair value in other current assets	961	850
Fair value in other current liabilities	0	80
Foreign currency forward contracts
Derivative [Line Items]
Notional	0	33,997
Fair value in other current assets	0	0
Fair value in other current liabilities	0	80
Interest rate swap agreements
Derivative [Line Items]
Notional	165,263	273,325
Fair value in other current assets	961	850
Fair value in other current liabilities	$ 0	$ 0

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
Derivatives and Hedging - Narrative (Details) - USD ($)	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Jul. 31, 2022
Derivative [Line Items]
Foreign currency transaction gain (loss)	$ (30,297,000)	$ 18,388,000	$ (20,912,000)	$ 27,628,000
Amount reclassified	0	$ 0	0	$ 0
Not designated as hedging instrument
Derivative [Line Items]
Notional amount	49,396,000		49,396,000		$ 25,628,000
Fair value asset, net	$ 118,000		$ 118,000
Derivative liability					$ 1,077,000

Derivatives and Hedging - Finan

Derivatives and Hedging - Financial Statement Impact of Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Total gain (loss)	$ (661)	$ 2,129	$ 85	$ 4,484
Foreign currency forward contracts
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Total gain (loss)	0	(479)	0	(620)
Interest rate swap agreements
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Total gain (loss)	(661)	2,608	85	5,104
Other comprehensive income (loss), before reclassification	136	795	718	1,402
Sales
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Total gain (loss)	(449)	(271)	(341)	(284)
Sales \| Foreign currency forward contracts
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (loss) recognized in income, net of tax	1,118	0	1,946	0
Sales \| Foreign currency forward contracts \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	0	(271)	(58)	(284)
Sales \| Interest rate swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (loss) recognized in income, net of tax	0	0	0	0
Sales \| Interest rate swap agreements \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	0	0	0	0
Sales \| Commodities swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (loss) recognized in income, net of tax	(1,567)	0	(2,229)	0
Interest expense
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Total gain (loss)	442	(1,811)	804	(3,613)
Interest expense \| Foreign currency forward contracts
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (loss) recognized in income, net of tax	0	0	0	0
Interest expense \| Foreign currency forward contracts \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	0	0	0	0
Interest expense \| Interest rate swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (loss) recognized in income, net of tax	(83)	2	171	89
Interest expense \| Interest rate swap agreements \| Cash Flow Hedges
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	525	(1,813)	633	(3,702)
Interest expense \| Commodities swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (loss) recognized in income, net of tax	$ 0	$ 0	$ 0	$ 0

Inventories - Schedule of Major

Inventories - Schedule of Major Classifications of Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Inventory [Line Items]
Work in process	$ 347,744	$ 397,495
Raw materials	705,853	838,474
Chassis	620,917	293,375
Subtotal	2,015,399	1,892,225
Excess of FIFO costs over LIFO costs	(150,752)	(137,452)
Total inventories, net	1,864,647	1,754,773
Recreational vehicles
Inventory [Line Items]
Finished products	221,577	236,311
Other
Inventory [Line Items]
Finished products	$ 119,308	$ 126,570

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Inventory Disclosure [Abstract]
Inventories	$ 2,015,399	$ 1,892,225
Subsidiaries valued inventory in first-in, first-out method	1,258,273	1,170,554
Subsidiaries valued inventory in last-in, first-out method	$ 757,126	$ 721,671

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Property, Plant, Equipment, and ROU Assets [Line Items]
Lease right-of-use assets – operating	$ 52,287	$ 44,407
Lease right-of-use assets – finance	5,891	6,264
Total cost	1,913,583	1,788,271
Less accumulated depreciation	(588,551)	(530,112)
Property, plant and equipment, net	1,325,032	1,258,159
Land
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	144,956	142,221
Buildings and improvements
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	1,003,384	926,485
Machinery and equipment
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	633,386	601,480
Rental vehicles
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	$ 73,679	$ 67,414

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Components of Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Cost	$ 1,717,067	$ 1,696,998
Accumulated amortization	656,504	579,506
Dealer networks/customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	1,106,383	1,090,528
Accumulated amortization	475,126	420,623
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	353,456	351,152
Accumulated amortization	86,839	77,660
Design technology and other intangibles
Finite-Lived Intangible Assets [Line Items]
Cost	255,828	253,918
Accumulated amortization	93,547	80,465
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Cost	1,400	1,400
Accumulated amortization	$ 992	$ 758

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
For the remainder of the fiscal year ending July 31, 2023	$ 70,373
For the fiscal year ending July 31, 2024	129,167
For the fiscal year ending July 31, 2025	117,280
For the fiscal year ending July 31, 2026	106,021
For the fiscal year ending July 31, 2027	97,312
For the fiscal year ending July 31, 2028 and thereafter	540,410
Estimated annual amortization expense, total	$ 1,060,563	$ 1,117,492

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jul. 31, 2022	Jul. 31, 2021
Goodwill [Line Items]
Goodwill	$ 1,783,776	$ 1,888,752	$ 1,804,151	$ 1,563,255
Goodwill acquired	4,097	389,838
Measurement period adjustments	4,682	49
Foreign currency translation	55,729	(64,390)
Deconsolidation of Roadpass Digital	(84,883)
Other
Goodwill [Line Items]
Goodwill	431,717	512,595	511,918	122,708
Goodwill acquired	0	389,838
Measurement period adjustments	4,682	49
Foreign currency translation	0	0
Deconsolidation of Roadpass Digital	(84,883)
Europe \| Recreational vehicles
Goodwill [Line Items]
Goodwill	949,112	977,307	893,383	1,041,697
Goodwill acquired	0	0
Measurement period adjustments	0	0
Foreign currency translation	55,729	(64,390)
Deconsolidation of Roadpass Digital	0
North American Towables \| North America \| Recreational vehicles
Goodwill [Line Items]
Goodwill	349,072	344,975	344,975	344,975
Goodwill acquired	4,097	0
Measurement period adjustments	0	0
Foreign currency translation	0	0
Deconsolidation of Roadpass Digital	0
North American Motorized \| North America \| Recreational vehicles
Goodwill [Line Items]
Goodwill	53,875	53,875	$ 53,875	$ 53,875
Goodwill acquired	0	0
Measurement period adjustments	0	0
Foreign currency translation	0	$ 0
Deconsolidation of Roadpass Digital	$ 0

Equity Investments - Narrative

Equity Investments - Narrative (Detail) - USD ($) $ in Thousands	Jan. 31, 2023	Dec. 30, 2022	Jul. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity investments	$ 124,290		$ 10,811
TN-RP Holding LLC
Schedule of Equity Method Investments [Line Items]
Equity investments	$ 106,569	$ 105,600
TN-RP Holding LLC \| Class A-RP Units
Schedule of Equity Method Investments [Line Items]
Ownership percentage		100%
TN-RP Holding LLC \| Class C-RP Units \| TechNexus
Schedule of Equity Method Investments [Line Items]
Ownership percentage		100%

Equity Investments - Investment

Equity Investments - Investment and Maximum Loss Exposure (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Dec. 30, 2022	Jul. 31, 2022
Schedule of Equity Method Investments [Line Items]
Carrying amount of investment in TN-RP	$ 124,290		$ 10,811
TN-RP Holding LLC
Schedule of Equity Method Investments [Line Items]
Carrying amount of investment in TN-RP	106,569	$ 105,600
Maximum exposure to loss	$ 129,069

Concentration of Risk (Details)

Concentration of Risk (Details) - Customer concentration risk - Freedom Roads, LLC	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Jul. 31, 2022
Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage	14%	14%	14%	14%
Accounts receivable
Concentration Risk [Line Items]
Concentration risk percentage			10%		10%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 128,127	$ 0
Deferred compensation plan mutual fund assets	50,244	42,312
Equity investments	10,263	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contract asset	1,025	0
Foreign currency forward contract liability	0	80
Interest rate swap asset, net	54	0
Interest rate swap liability, net	$ 0	$ 227

Product Warranties - Narrative

Product Warranties - Narrative (Details)	6 Months Ended
Product Warranties - Narrative (Details)	Jan. 31, 2023
Product Warranty One
Product Warranty Liability [Line Items]
Warranty period for retail customers, years	1 year
Product Warranty Two
Product Warranty Liability [Line Items]
Warranty period for retail customers, years	2 years

Product Warranties - Changes in

Product Warranties - Changes in Warranty Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Product Warranty
Beginning balance	$ 325,713	$ 290,617	$ 317,908	$ 267,620
Provision	72,356	75,585	161,781	160,123
Payments	(75,503)	(67,784)	(155,644)	(138,036)
Acquisition	0	0	0	9,828
Foreign currency translation	4,099	(2,260)	2,620	(3,377)
Ending balance	$ 326,665	$ 296,158	$ 326,665	$ 296,158

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt (Details) € in Thousands, $ in Thousands	Jan. 31, 2023 USD ($)	Jan. 31, 2023 EUR (€)	Jul. 31, 2022 USD ($)
Debt Instrument [Line Items]
Gross long-term debt	$ 1,798,397		$ 1,799,911
Unsecured notes	27,083	€ 25,000	25,495
Other debt	46,600		50,207
Debt issuance costs, net of amortization	(28,775)		(32,482)
Total long-term debt, net of debt issuance costs	1,769,622		1,767,429
Less: current portion of long-term debt	(11,116)		(13,190)
Total long-term debt, net, less current portion	1,758,506		1,754,239
Term loan
Debt Instrument [Line Items]
Term loan	1,139,714		1,124,209
Unsecured Debt \| Senior Unsecured Notes Due 2029
Debt Instrument [Line Items]
Gross long-term debt	500,000		500,000
Asset-based credit facility
Debt Instrument [Line Items]
Term loan	$ 85,000		$ 100,000

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) € in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
Long-Term Debt - Narrative (Details) € in Thousands	Feb. 01, 2019	Mar. 07, 2023 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)	Jan. 31, 2023 EUR (€)	Jul. 31, 2022 USD ($)	Oct. 14, 2021 USD ($)	Sep. 01, 2021 USD ($)
Line of Credit Facility [Line Items]
Unsecured debt			$ 27,083,000		$ 27,083,000		€ 25,000	$ 25,495,000
Interest expense			24,064,000	$ 20,812,000	44,243,000	$ 38,455,000
Fees to secure the facility, amortized amount			2,862,000	$ 3,144,000	5,697,000	$ 5,568,000
Term loan
Line of Credit Facility [Line Items]
Debt instrument, term	7 years
Debt, fair value			1,139,777,000		1,139,777,000			1,097,136,000
Term loan \| US Tranche
Line of Credit Facility [Line Items]
Line of credit, outstanding amount			$ 165,263,000		$ 165,263,000			$ 273,325,000
Long-term debt, percentage bearing fixed interest			5.466%		5.466%		5.466%	5.466%
Term loan \| US Tranche \| LIBOR
Line of Credit Facility [Line Items]
Line of credit, outstanding amount			$ 661,900,000		$ 661,900,000			$ 671,900,000
Stated interest rate			7.563%		7.563%		7.563%	5.375%
Term loan \| US Tranche \| 1-month LIBOR
Line of Credit Facility [Line Items]
Stated interest rate			2.466%		2.466%		2.466%
Basis spread on variable rate					3%
Term loan \| Euro Tranche
Line of Credit Facility [Line Items]
Line of credit, outstanding amount			$ 477,814,000		$ 477,814,000			$ 452,309,000
Effective interest rate			5.125%		5.125%		5.125%	3%
Unsecured Series One Debt
Line of Credit Facility [Line Items]
Stated interest rate			1.945%		1.945%		1.945%
Unsecured debt			$ 21,666,000		$ 21,666,000		€ 20,000
Unsecured Series Two Debt
Line of Credit Facility [Line Items]
Stated interest rate			2.534%		2.534%		2.534%
Unsecured debt			$ 5,417,000		$ 5,417,000		€ 5,000
Other Long Term Debt \| Minimum
Line of Credit Facility [Line Items]
Stated interest rate			2.38%		2.38%		2.38%
Other Long Term Debt \| Maximum
Line of Credit Facility [Line Items]
Stated interest rate			2.87%		2.87%		2.87%
Unsecured Debt \| Senior Unsecured Notes Due 2029
Line of Credit Facility [Line Items]
Stated interest rate									4%
Debt, fair value			$ 415,700,000		$ 415,700,000			$ 405,000,000
Debt instrument, face amount									$ 500,000,000
Long-Term Debt \| Term loan \| Subsequent Event
Line of Credit Facility [Line Items]
Principal payments		$ 15,000,000
Asset-based credit facility
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing capacity										$ 1,000,000,000
Line of credit, outstanding amount			$ 85,000,000		$ 85,000,000			$ 100,000,000
Effective interest rate			5.634%		5.634%		5.634%	3.048%
Line of credit, unused capacity commitment fee percentage					0.20%
Accounts receivable and inventory, net of amounts drawn			$ 915,000,000		$ 915,000,000
Asset-based credit facility \| LIBOR \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate					1.25%
Asset-based credit facility \| LIBOR \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate					1.50%
Asset-based credit facility \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate					0.25%
Asset-based credit facility \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate					0.50%
Revolving Credit Facility \| Asset-based credit facility \| Subsequent Event
Line of Credit Facility [Line Items]
Principal payments		$ 15,000,000

Long-Term Debt - Schedule of Ma

Long-Term Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Debt Disclosure [Abstract]
For the remainder of the fiscal year ending July 31, 2023	$ 5,451
For the fiscal year ending July 31, 2024	10,991
For the fiscal year ending July 31, 2025	32,538
For the fiscal year ending July 31, 2026	1,227,838
For the fiscal year ending July 31, 2027	2,654
For the fiscal year ending July 31, 2028 and thereafter	518,925
Gross long-term debt	$ 1,798,397	$ 1,799,911

Provision for Income Taxes (Det

Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	21.10%	23.30%	23%	22.60%
Expected decrease in unrecognized tax benefits due to resolution of uncertain tax positions	$ 1,700		$ 1,700
Accrued interest	$ 300		$ 300

Contingent Liabilities, Commi_2

Contingent Liabilities, Commitments and Legal Matters (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Jul. 31, 2022
Loss Contingencies [Line Items]
Standby repurchase obligations amount	$ 4,646,159		$ 4,646,159		$ 4,308,524
Term of commitments			18 months
Repurchase and guarantee reserve balances	12,840		$ 12,840		$ 11,346
Selling, General and Administrative Expenses
Loss Contingencies [Line Items]
Expense recorded related to product recall costs	$ 0	$ 13,000	$ 0	$ 35,000

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Leases [Abstract]
Operating lease cost	$ 7,584	$ 6,908	$ 14,463	$ 13,216
Amortization of right-of-use assets	187	187	373	373
Interest on lease liabilities	100	120	205	245
Total lease cost	$ 7,871	$ 7,215	$ 15,041	$ 13,834

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 14,405	$ 13,193
Operating leases	$ 12,464	$ 11,598

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 52,287	$ 44,407
Operating lease liabilities:
Other current liabilities	11,490	9,406
Other long-term liabilities	40,716	34,830
Total operating lease liabilities	52,206	44,236
Finance lease right-of-use assets	5,891	6,264
Finance lease liabilities:
Other current liabilities	976	1,215
Other long-term liabilities	3,111	3,476
Total finance lease liabilities	$ 4,087	$ 4,691
Weighted-aver remaining lease term - operating leases	9 years 3 months 18 days	10 years 2 months 12 days
Weighted-aver remaining lease term - finance leases	4 years 1 month 6 days	4 years 4 months 24 days
Weighted-average discount rate - operating leases	4.60%	3.60%
Weighted-average discount rate - finance leases	9.40%	9.20%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Company's Operating and Finance Leases (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Operating Leases
For the remainder of the fiscal year ending July 31, 2023	$ 9,341
For the fiscal year ending July 31, 2024	15,697
For the fiscal year ending July 31, 2025	12,026
For the fiscal year ending July 31, 2026	8,301
For the fiscal year ending July 31, 2027	6,093
For the fiscal year ending July 31, 2028 and thereafter	20,155
Total future lease payments	71,613
Less: amount representing interest	(19,407)
Total operating lease liabilities	52,206	$ 44,236
Finance Leases
For the remainder of the fiscal year ending July 31, 2023	792
For the fiscal year ending July 31, 2024	1,059
For the fiscal year ending July 31, 2025	1,083
For the fiscal year ending July 31, 2026	1,107
For the fiscal year ending July 31, 2027	896
For the fiscal year ending July 31, 2028 and thereafter	58
Total future lease payments	4,995
Less: amount representing interest	(908)
Total reported lease liability	$ 4,087	$ 4,691

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	3 Months Ended		6 Months Ended		13 Months Ended
Stockholders' Equity (Details) - USD ($)	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jun. 24, 2022	Dec. 21, 2021
Equity, Class of Treasury Stock [Line Items]
Stock-based compensation	$ 8,543,000	$ 6,959,000	$ 16,935,000	$ 12,986,000
Stock repurchase program authorized amount							$ 250,000,000
Purchase of treasury shares (in shares)	0		338,733		2,282,976
Average price of treasury shares acquired (in dollars per share)			$ 75.01		$ 83.45
Purchases of treasury shares		$ 58,331,000	$ 25,407,000	$ 58,331,000	$ 190,514,000
Remaining authorized repurchase amount	$ 507,807,000		507,807,000		507,807,000
June Twenty Twenty Two Share Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount						$ 448,321,000
Remaining authorized repurchase amount	448,321,000		448,321,000		448,321,000
December Twenty Twenty One Share Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Remaining authorized repurchase amount	$ 59,486,000		$ 59,486,000		$ 59,486,000

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 2,346,635	$ 3,875,018	$ 5,454,719	$ 7,833,242
Operating segments \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	2,215,272	3,685,624	5,160,899	7,484,483
Operating segments \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	1,568,334	2,961,894	4,009,659	6,127,756
Operating segments \| Europe \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	646,938	723,730	1,151,240	1,356,727
Operating segments \| North American Towables \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	829,751	1,985,088	2,147,557	4,225,922
Operating segments \| Travel Trailers \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	527,829	1,250,579	1,350,698	2,660,203
Operating segments \| Fifth Wheels \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	301,922	734,509	796,859	1,565,719
Operating segments \| North American Motorized \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	738,583	976,806	1,862,102	1,901,834
Operating segments \| Class A \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	244,128	429,894	648,706	839,393
Operating segments \| Class C \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	334,911	361,565	825,698	721,571
Operating segments \| Class B \| North America \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	159,544	185,347	387,698	340,870
Operating segments \| Motorcaravan \| Europe \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	267,782	350,861	507,567	667,125
Operating segments \| Campervan \| Europe \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	227,136	192,838	366,302	370,621
Operating segments \| Caravan \| Europe \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	94,494	91,153	156,109	151,833
Operating segments \| Other RV-related \| Europe \| Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	57,526	88,878	121,262	167,148
Other, net
Disaggregation of Revenue [Line Items]
Net sales	164,859	294,146	397,507	551,976
Intercompany eliminations
Disaggregation of Revenue [Line Items]
Net sales	$ (33,496)	$ (104,752)	$ (103,687)	$ (203,217)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 3,650,959	$ 3,132,242	$ 3,600,654	$ 2,948,106
Total other comprehensive income (loss), net of tax	127,677	(68,217)	85,152	(101,029)
Ending balance	3,788,130	3,253,584	3,788,130	3,253,584
Foreign currency translation adjustment, attributable to parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(226,348)	19,145	(183,453)	54,152
OCI before reclassifications	128,352	(69,429)	85,457	(104,436)
Income taxes associated with OCI before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Income taxes associated with amounts reclassified from AOCI	0	0	0	0
Total other comprehensive income (loss), net of tax	128,352	(69,429)	85,457	(104,436)
Ending balance	(97,996)	(50,284)	(97,996)	(50,284)
Unrealized gain (loss) on derivative, attributable to parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,479	(6,300)	675	(8,655)
OCI before reclassifications	(178)	4	945	589
Income taxes associated with OCI before reclassifications	42	41	(227)	(91)
Amounts reclassified from AOCI	(691)	2,736	(753)	5,264
Income taxes associated with amounts reclassified from AOCI	166	(652)	178	(1,278)
Total other comprehensive income (loss), net of tax	(661)	2,129	143	4,484
Ending balance	818	(4,171)	818	(4,171)
Other, attributable to parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,171	(876)	1,171	(876)
OCI before reclassifications	(39)	(372)	(39)	(372)
Income taxes associated with OCI before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Income taxes associated with amounts reclassified from AOCI	0	0	0	0
Total other comprehensive income (loss), net of tax	(39)	(372)	(39)	(372)
Ending balance	1,132	(1,248)	1,132	(1,248)
AOCI, attributable to parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(223,698)	11,969	(181,607)	44,621
OCI before reclassifications	128,135	(69,797)	86,363	(104,219)
Income taxes associated with OCI before reclassifications	42	41	(227)	(91)
Amounts reclassified from AOCI	(691)	2,736	(753)	5,264
Income taxes associated with amounts reclassified from AOCI	166	(652)	178	(1,278)
Total other comprehensive income (loss), net of tax	127,652	(67,672)	85,561	(100,324)
Ending balance	(96,046)	(55,703)	(96,046)	(55,703)
AOCI, attributable to noncontrolling interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(2,639)	(932)	(2,205)	(772)
OCI before reclassifications	25	(545)	(409)	(705)
Income taxes associated with OCI before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Income taxes associated with amounts reclassified from AOCI	0	0	0	0
Total other comprehensive income (loss), net of tax	25	(545)	(409)	(705)
Ending balance	(2,614)	(1,477)	(2,614)	(1,477)
AOCI including portion attributable to noncontrolling interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(226,337)	11,037	(183,812)	43,849
OCI before reclassifications	128,160	(70,342)	85,954	(104,924)
Income taxes associated with OCI before reclassifications	42	41	(227)	(91)
Amounts reclassified from AOCI	(691)	2,736	(753)	5,264
Income taxes associated with amounts reclassified from AOCI	166	(652)	178	(1,278)
Total other comprehensive income (loss), net of tax	127,677	(68,217)	85,152	(101,029)
Ending balance	$ (98,660)	$ (57,180)	$ (98,660)	$ (57,180)