v3.26.3
INTANGIBLE ASSETS AND GOODWILL
12 Months Ended
Jul. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
The components of Amortizable intangible assets are as follows:
 
July 31, 2026July 31, 2025
CostAccumulated
Amortization
CostAccumulated
Amortization
Dealer networks/customer relationships$1,143,650 $763,346 $1,126,554 $696,064 
Trademarks364,127 155,258 360,291 135,063 
Design/developed technology and other intangibles286,272 190,951 268,148 165,108 
Total amortizable intangible assets$1,794,049 $1,109,555 $1,754,993 $996,235 

Estimated annual amortization expense is as follows:

For the fiscal year ending July 31, 2027$112,394 
For the fiscal year ending July 31, 2028102,839 
For the fiscal year ending July 31, 202979,721 
For the fiscal year ending July 31, 203064,072 
For the fiscal year ending July 31, 203158,963 
For the fiscal year ending July 31, 2032 and thereafter266,505 
$684,494 

The Company completed its annual Goodwill impairment test for fiscal 2026 as of May 31, 2026, and no impairment was identified. There were no impairments of goodwill during fiscal 2025 or 2024.

Changes in the carrying amount of Goodwill by reportable segment as of July 31, 2026 and July 31, 2025 are summarized as follows:

North
American
Towable
North 
American
Motorized
EuropeanOtherTotal
Net balance as of July 31, 2024
$337,883 $65,064 $948,674 $435,352 $1,786,973 
Fiscal year 2025 activity:
Foreign currency translation and other— — 54,145 — 54,145 
Net balance as of July 31, 2025
$337,883 $65,064 $1,002,819 $435,352 $1,841,118 
Fiscal year 2026 activity:
Goodwill acquired— — — 71,490 71,490 
Measurement period adjustments— — — 306 306 
Foreign currency translation and other— — 3,416 — 3,416 
Net balance as of July 31, 2026
$337,883 $65,064 $1,006,235 $507,148 $1,916,330 

The goodwill acquired in fiscal year 2026 primarily related to the equity investment transaction described in Note 7 to the Consolidated Financial Statements.
The components of the goodwill balances by reportable segment as of July 31, 2026 and July 31, 2025 are summarized as follows:
 
North
American
Towable
North 
American
Motorized
EuropeanOtherTotal
Goodwill$348,032 $82,316 $1,006,235 $507,148 $1,943,731 
Accumulated impairment charges(10,149)(17,252)— — (27,401)
Net balance as of July 31, 2026
$337,883 $65,064 $1,006,235 $507,148 $1,916,330 
 
North
American
Towable
North 
American
Motorized
EuropeanOtherTotal
Goodwill$348,032 $82,316 $1,002,819 $435,352 $1,868,519 
Accumulated impairment charges(10,149)(17,252)— — (27,401)
Net balance as of July 31, 2025
$337,883 $65,064 $1,002,819 $435,352 $1,841,118