Intangible Assets and Goodwill

9 Months Ended

Apr. 30, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

The components of Amortizable intangible assets, net are as follows:



	April 30, 2026				July 31, 2025
			Accumulated				Accumulated
	Cost		Amortization		Cost		Amortization
Dealer networks/customer relationships	$	1,134,782	$	750,486	$	1,126,554	$	696,064
Trademarks	363,135		150,682		360,291		135,063
Design technology and other intangibles	272,244		186,886		268,148		165,108


Total amortizable intangible assets	$	1,770,161	$	1,088,054	$	1,754,993	$	996,235

Estimated future amortization expense is as follows:


For the remainder of the fiscal year ending July 31, 2026	$	27,802
For the fiscal year ending July 31, 2027	102,488
For the fiscal year ending July 31, 2028	93,456
For the fiscal year ending July 31, 2029	77,272
For the fiscal year ending July 31, 2030	61,412
For the fiscal year ending July 31, 2031 and thereafter	319,677
	$	682,107

Changes in the carrying amount of Goodwill by reportable segment for the nine months ended April 30, 2026 are summarized as follows:


	North American Towable		North American Motorized		European		Other		Total
Net balance as of August 1, 2025	$	337,883	$	65,064	$	1,002,819	$	435,352	$	1,841,118
Fiscal 2026 activity:
Goodwill acquired	—		—		—		10,568		10,568

Foreign currency translation	—		—		22,428		—		22,428

Net balance as of April 30, 2026	$	337,883	$	65,064	$	1,025,247	$	445,920	$	1,874,114

Changes in the carrying amount of Goodwill by reportable segment for the nine months ended April 30, 2025 are summarized as follows:


	North American Towable		North American Motorized		European		Other		Total
Net balance as of August 1, 2024	$	337,883	$	65,064	$	948,674	$	435,352	$	1,786,973
Fiscal 2025 activity:


Foreign currency translation	—		—		47,749		—		47,749

Net balance as of April 30, 2025	$	337,883	$	65,064	$	996,423	$	435,352	$	1,834,722

Since the date of the last annual impairment test performed as of May 31, 2025, the Company’s stock price has fluctuated and continues to trade at moderately lower prices compared to recent periods. We considered the fluctuation in share price in conjunction with other factors and do not believe that the current events and circumstances indicate that it is more likely than not that the fair value of any reporting unit is less than its respective carrying value. Since our last annual impairment test, the financial performance of certain reporting units with a smaller amount of excess fair value exceeding carrying value has generally tracked to expectations. Long-term expected financial performance has not changed for these reporting units. Additionally, cost saving measures have been implemented or are planned.