Winnebago Industries (WGO) 10-Q 26 Mar 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Feb. 23, 2019	Mar. 20, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	WINNEBAGO INDUSTRIES INC
Entity Central Index Key	0000107687
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Feb. 23, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		31,873,494
Entity Current Reporting Status	Yes

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Net revenues	$ 432,690	$ 468,359	$ 926,338	$ 918,380
Cost of goods sold	366,261	400,698	788,913	787,888
Gross profit	66,429	67,661	137,425	130,492
Selling, general, and administrative expenses	35,259	30,477	70,971	60,077
Amortization of intangible assets	2,267	1,933	4,926	3,988
Total operating expenses	37,526	32,410	75,897	64,065
Operating income	28,903	35,251	61,528	66,427
Interest expense	4,346	4,918	8,847	9,699
Non-operating income	(207)	11	(970)	(112)
Income before income taxes	24,764	30,322	53,651	56,840
Provision for income taxes	3,166	8,234	9,892	16,794
Net income	$ 21,598	$ 22,088	$ 43,759	$ 40,046
Income per common share:
Basic	$ 0.68	$ 0.70	$ 1.39	$ 1.27
Diluted	$ 0.68	$ 0.69	$ 1.38	$ 1.26
Weighted average common shares outstanding:
Basic (in shares)	31,577	31,654	31,572	31,634
Diluted (in shares)	31,724	31,854	31,755	31,852
Other comprehensive income (loss):
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	$ 8	$ 7	$ 16	$ 13
Change in fair value of interest rate swap (net of tax of $206, $448, $213, and $835)	(634)	1,283	(656)	1,917
Total other comprehensive income (loss)	(626)	1,290	(640)	1,930
Comprehensive income	$ 20,972	$ 23,378	$ 43,119	$ 41,976

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Amortization of net actuarial loss, tax	$ 2	$ 2	$ 5	$ 6
Change in fair value of interest rate swap, tax	$ 206	$ 448	$ 213	$ 835

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Current assets:
Cash and cash equivalents	$ 3,017	$ 2,342
Receivables, less allowance for doubtful accounts ($163 and $197, respectively)	179,940	164,585
Inventories, net	189,611	195,128
Prepaid expenses and other assets	15,217	9,883
Total current assets	387,785	371,938
Property, plant, and equipment, net	117,761	101,193
Other assets:
Goodwill	275,072	274,370
Other intangible assets, net	260,791	265,717
Investment in life insurance	26,963	28,297
Other assets	9,764	10,290
Total assets	1,078,136	1,051,805
Current liabilities:
Accounts payable	92,592	81,039
Income taxes payable	472	15,655
Accrued expenses:
Accrued compensation	25,112	29,350
Product warranties	40,305	40,498
Self-insurance	14,488	12,262
Promotional	21,333	11,017
Accrued interest	3,002	3,095
Other	12,463	11,269
Current maturities of long-term debt	2,750	0
Total current liabilities	212,517	204,185
Non-current liabilities:
Long-term debt, less current maturities	274,168	291,441
Deferred income taxes	4,595	4,457
Unrecognized tax benefits	1,712	1,745
Deferred compensation benefits, net of current portion	14,228	15,282
Other	250	250
Total non-current liabilities	294,953	313,175
Stockholders' equity:
Preferred stock, par value $0.01: Authorized-10,000 shares; Issued-none	0	0
Common stock, par value $0.50: Authorized-60,000 shares; Issued-51,776 shares	25,888	25,888
Additional paid-in capital	89,682	86,223
Retained earnings	805,851	768,816
Accumulated other comprehensive income	252	892
Treasury stock, at cost: 20,292 and 20,243 shares, respectively	(351,007)	(347,374)
Total stockholders' equity	570,666	534,445
Total liabilities and stockholders' equity	$ 1,078,136	$ 1,051,805

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 163	$ 197
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Capital stock common, par value	$ 0.50	$ 0.50
Capital stock common, shares authorized	60,000	60,000
Capital stock common, shares issued	51,776	51,776
Treasury stock, at cost, shares	20,292	20,243

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018
Operating activities:
Net income	$ 43,759	$ 40,046
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	6,268	4,328
Amortization of intangible assets	4,926	3,988
Amortization of debt issuance costs	790	826
Last in, first-out expense	1,029	598
Stock-based compensation	4,605	3,553
Deferred income taxes	346	2,080
Other, net	(170)	80
Change in assets and liabilities:
Receivables	(15,355)	(33,017)
Inventories	4,488	(36,379)
Prepaid expenses and other assets	(4,926)	1,921
Accounts payable	11,992	20,542
Income taxes and unrecognized tax benefits	(15,216)	(4,510)
Accrued expenses and other liabilities	9,402	10,989
Net cash provided by operating activities	51,938	15,045
Investing activities:
Purchases of property and equipment	(23,366)	(11,675)
Acquisition of business, net of cash acquired	(702)	0
Proceeds from the sale of property	32	299
Other, net	1,012	(18)
Net cash used in investing activities	(23,024)	(11,394)
Financing activities:
Borrowings on credit agreement	218,720	19,700
Repayments of credit agreement	(233,922)	(24,000)
Payments of cash dividends	(6,713)	(6,375)
Payments for repurchases of common stock	(6,620)	(1,478)
Other, net	296	0
Net cash used in financing activities	(28,239)	(12,153)
Net increase (decrease) in cash and cash equivalents	675	(8,502)
Cash and cash equivalents at beginning of period	2,342	35,945
Cash and cash equivalents at end of period	3,017	27,443
Supplemental cash flow disclosure:
Income taxes paid, net	30,262	19,290
Interest paid	7,469	8,906
Non-cash transactions:
Capital expenditures in accounts payable	$ 259	$ 1,012

Condensed Consolidated Stockhol

Condensed Consolidated Stockholders' Statement of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Shares	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance at Aug. 26, 2017	$ 441,674	$ 25,888	$ 80,401	$ 679,138	$ (1,023)	$ (342,730)
Beginning balance (in shares) at Aug. 26, 2017		51,776				(20,183)
Stock-based compensation	1,926		1,888			$ 38
Stock-based compensation (in shares)						2
Issuance of restricted stock	86		(1,568)			$ 1,654
Issuance of restricted stock (in shares)						97
Repurchase of common stock	(1,478)					$ (1,478)
Repurchase of common stock (in shares)						(33)
Common stock dividends	(6,375)			(6,375)
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	13				13
Change in fair value of interest rate swap (net of tax of $206, $448, $213, and $835)	1,917				1,917
Net income	40,046			40,046
Ending balance at Feb. 24, 2018	477,809	$ 25,888	80,721	712,809	907	$ (342,516)
Ending balance (in shares) at Feb. 24, 2018		51,776				(20,117)
Beginning balance at Nov. 25, 2017	456,631	$ 25,888	80,040	693,909	(383)	$ (342,823)
Beginning balance (in shares) at Nov. 25, 2017		51,776				(20,140)
Stock-based compensation	1,103		1,084			$ 19
Stock-based compensation (in shares)						1
Issuance of restricted stock	0		(403)			$ 403
Issuance of restricted stock (in shares)						24
Repurchase of common stock	(115)					$ (115)
Repurchase of common stock (in shares)						(2)
Common stock dividends	(3,188)			(3,188)
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	7				7
Change in fair value of interest rate swap (net of tax of $206, $448, $213, and $835)	1,283				1,283
Net income	22,088			22,088
Ending balance at Feb. 24, 2018	477,809	$ 25,888	80,721	712,809	907	$ (342,516)
Ending balance (in shares) at Feb. 24, 2018		51,776				(20,117)
Beginning balance at Aug. 25, 2018	534,445	$ 25,888	86,223	768,816	892	$ (347,374)
Beginning balance (in shares) at Aug. 25, 2018		51,776				(20,243)
Stock-based compensation	4,622		4,565			$ 57
Stock-based compensation (in shares)						3
Issuance of restricted stock	1,528		(1,152)			$ 2,680
Issuance of restricted stock (in shares)						156
Issuance of stock under ESPP	296		46			$ 250
Issuance of stock under ESPP (in shares)						15
Repurchase of common stock	(6,620)					$ (6,620)
Repurchase of common stock (in shares)						(223)
Common stock dividends	(6,724)			(6,724)
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	16				16
Change in fair value of interest rate swap (net of tax of $206, $448, $213, and $835)	(656)				(656)
Net income	43,759			43,759
Ending balance at Feb. 23, 2019	570,666	$ 25,888	89,682	805,851	252	$ (351,007)
Ending balance (in shares) at Feb. 23, 2019		51,776				(20,292)
Beginning balance at Nov. 24, 2018	556,478	$ 25,888	88,288	787,794	878	$ (346,370)
Beginning balance (in shares) at Nov. 24, 2018		51,776				(20,178)
Stock-based compensation	2,133		2,117			$ 16
Stock-based compensation (in shares)						1
Issuance of restricted stock	0		(769)			$ 769
Issuance of restricted stock (in shares)						45
Issuance of stock under ESPP	296		46			$ 250
Issuance of stock under ESPP (in shares)						15
Repurchase of common stock	(5,672)					$ (5,672)
Repurchase of common stock (in shares)						(175)
Common stock dividends	(3,541)			(3,541)
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	8				8
Change in fair value of interest rate swap (net of tax of $206, $448, $213, and $835)	(634)				(634)
Net income	21,598			21,598
Ending balance at Feb. 23, 2019	$ 570,666	$ 25,888	$ 89,682	$ 805,851	$ 252	$ (351,007)
Ending balance (in shares) at Feb. 23, 2019		51,776				(20,292)

Condensed Consolidated Stockh_2

Condensed Consolidated Stockholders' Statement of Equity Condensed Consolidated Stockholders' Statement of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Statement of Stockholders' Equity [Abstract]
Dividends paid per common share	$ 0.11	$ 0.10	$ 0.21	$ 0.20

Basis of Presentation

Basis of Presentation	6 Months Ended
	Feb. 23, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Unless the context otherwise requires, the use of the terms "Winnebago Industries," "WGO," "we," "us," and "our" in these Notes to Condensed Consolidated Financial Statements refers to Winnebago Industries, Inc. and its wholly-owned subsidiaries. In the opinion of management, the accompanying Condensed Consolidated Financial Statements contain all adjustments necessary for a fair presentation as prescribed by accounting principles generally accepted in the United States (“GAAP”). All adjustments were comprised of normal recurring adjustments, except as noted in these Notes to Condensed Consolidated Financial Statements . Interim results are not necessarily indicative of the results to be expected for the full year. The interim Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 . Fiscal Period We follow a 52-/53-week fiscal year, ending the last Saturday in August. Fiscal 2019 is a 53 -week year, while Fiscal 2018 was a 52 -week year. The extra (53rd) week in Fiscal 2019 will be recognized in our fourth quarter. Subsequent Events In preparing the accompanying unaudited Condensed Consolidated Financial Statements , we evaluated subsequent events for potential recognition and disclosure through the date of this filing. There were no material subsequent events. New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update (“ASU”) 2016-02, Leases (Topic 842) , which requires an entity to recognize both assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. This ASU and the related amendments must be adopted on a modified retrospective basis to either each prior reporting period presented or as of the beginning of the period of adoption. Based on the effective dates, we expect to adopt the new guidance in the first quarter of Fiscal 2020 using the modified retrospective basis as of the beginning of the period of adoption. We have established an implementation plan and are in the process of surveying our businesses, assessing our lease population, and compiling information on our active leases. In addition, we are determining needed changes to our policies, business processes, internal controls, and disclosures. While we continue to make progress on our implementation, we are still evaluating the impact of the adoption on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) , which improves the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 (our Fiscal 2020), including interim periods within those annual reporting periods. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements. Recently Adopted Accounting Pronouncements In the first quarter of Fiscal 2019 , we adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which establishes a comprehensive five-step model for the recognition of revenue from contracts with customers. This model is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We elected the modified retrospective method of adoption, which we applied to contracts not completed as of the initial date of adoption. Application of the transition requirements had no material impact on operations or beginning retained earnings. While changes to certain control processes and procedures were updated for this adoption, the changes did not have a material impact to our internal control financial reporting framework. Also in the first quarter of Fiscal 2019 , we retrospectively adopted ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (Topic 230) , which provides guidance for eight specific cash flow issues with the objective of reducing the existing diversity in practice. The adoption of this standard did not materially impact our statements of cash flows, and no cash flow reclassifications were required for the prior period.

Business Segments Business Segm

Business Segments Business Segments (Notes)	6 Months Ended
	Feb. 23, 2019
Segment Reporting [Abstract]
Business Segments	Business Segments In the fourth quarter of Fiscal 2018, we revised our segment presentation. We have five operating segments: 1) Winnebago motorhomes, 2) Winnebago towables, 3) Grand Design towables, 4) Winnebago specialty vehicles, and 5) Chris-Craft marine. We evaluate performance based on each operating segment's Adjusted EBITDA, as defined below, which excludes certain corporate administration expenses and non-operating income and expense. Our two reportable segments include: 1) Motorhome (comprised of products that include a motorized chassis as well as other related manufactured products and services) and 2) Towable (comprised of products which are not motorized and are generally towed by another vehicle as well as other related manufactured products and services), which is an aggregation of the Winnebago towables and Grand Design towables operating segments. The Corporate / All Other category includes the Winnebago specialty vehicles and Chris-Craft marine operating segments as well as expenses related to certain corporate administration expenses for the oversight of the enterprise. These expenses include items such as corporate leadership and administration costs. Previously, these expenses were allocated to each operating segment. Identifiable assets of the reportable segments exclude general corporate assets, which principally consist of cash and cash equivalents and certain deferred tax balances. The general corporate assets are included in the Corporate / All Other category. Prior period segment information has been reclassified to conform to the current reportable segment presentation. The reclassifications included removing the corporate administration expenses from both the Motorhome and Towable reportable segments and removing Winnebago specialty vehicles from the Motorhome reportable segment, as we began to dedicate leadership and focus on these operations separately from our Winnebago motorhomes operations. Our chief operating decision maker ("CODM") is our Chief Executive Officer. Our CODM relies on internal management reporting that analyzes consolidated results to the net earnings level and operating segment's Adjusted EBITDA. Our CODM has ultimate responsibility for enterprise decisions. Our CODM determines, in particular, resource allocation for, and monitors the performance of, the consolidated enterprise, the Motorhome segment, and the Towable segment. The operating segments' management have responsibility for operating decisions, allocating resources, and assessing performance within their respective segments. The accounting policies of both reportable segments are the same and are described in Note 1, Summary of Significant Accounting Policies , of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 . We evaluate the performance of our reportable segments based on Adjusted EBITDA. EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization expense. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation and amortization expense, and other adjustments made in order to present comparable results from period to period. Examples of items excluded from Adjusted EBITDA include acquisition-related costs, restructuring expenses, and non-operating income. The following table shows information by reportable segment: Three Months Ended Six Months Ended (in thousands) February 23, February 24, February 23, February 24, Net Revenues Motorhome $ 164,662 $ 199,081 $ 345,990 $ 387,278 Towable 250,691 266,358 543,524 526,023 Corporate / All Other 17,337 2,920 36,824 5,079 Consolidated $ 432,690 $ 468,359 $ 926,338 $ 918,380 Adjusted EBITDA Motorhome $ 4,359 $ 5,687 $ 16,335 $ 10,587 Towable 33,638 36,296 64,466 69,688 Corporate / All Other (3,509 ) (2,601 ) (7,860 ) (5,482 ) Consolidated $ 34,488 $ 39,382 $ 72,941 $ 74,793 Capital Expenditures Motorhome $ 2,198 $ 1,633 $ 5,390 $ 4,740 Towable 7,648 4,685 16,525 6,935 Corporate / All Other 749 — 1,451 — Consolidated $ 10,595 $ 6,318 $ 23,366 $ 11,675 (in thousands) February 23, August 25, Total Assets Motorhome $ 324,627 $ 322,048 Towable 647,504 626,588 Corporate / All Other 106,005 103,169 Consolidated $ 1,078,136 $ 1,051,805 Reconciliation of net income to consolidated Adjusted EBITDA: Three Months Ended Six Months Ended (in thousands) February 23, 2019 February 24, 2018 February 23, 2019 February 24, 2018 Net income $ 21,598 $ 22,088 $ 43,759 $ 40,046 Interest expense 4,346 4,918 8,847 9,699 Provision for income taxes 3,166 8,234 9,892 16,794 Depreciation 3,099 2,198 6,268 4,328 Amortization of intangible assets 2,267 1,933 4,926 3,988 EBITDA 34,476 39,371 73,692 74,855 Acquisition-related costs — — — 50 Restructuring expenses 219 — 219 — Non-operating (income) expense (207 ) 11 (970 ) (112 ) Adjusted EBITDA $ 34,488 $ 39,382 $ 72,941 $ 74,793

Revenue Revenue (Notes)

Revenue Revenue (Notes)	6 Months Ended
	Feb. 23, 2019
Revenue Recognition [Abstract]
Revenue Recognition	Revenue The following table disaggregates revenue by reportable segment and product category: Three Months Ended Six Months Ended (in thousands) February 23, February 24, February 23, February 24, Net Revenues Motorhome: Class A $ 55,000 $ 87,382 $ 103,678 $ 161,587 Class B 52,260 33,457 120,980 62,577 Class C 52,243 72,685 108,385 149,460 Other (1) 5,159 5,557 12,947 13,654 Total Motorhome 164,662 199,081 345,990 387,278 Towable: Fifth Wheel 154,783 150,915 317,532 295,029 Travel Trailer 92,162 112,670 217,788 225,395 Other (1) 3,746 2,773 8,204 5,599 Total Towable 250,691 266,358 543,524 526,023 Corporate / All Other: Other (2) 17,337 2,920 36,824 5,079 Total Corporate / All Other 17,337 2,920 36,824 5,079 Consolidated $ 432,690 $ 468,359 $ 926,338 $ 918,380 (1) Relates to parts, accessories, and services. (2) Relates to marine and specialty vehicle units, parts, accessories, and services. We generate all of our operating revenue from contracts with customers. Our primary source of revenue is generated through the sale of manufactured motorized units, non-motorized towable units, and marine units to our independent dealer network (our customer). We also generate income through the sale of certain parts and services, acting as the principal in these arrangements. We apply the new revenue standard requirements to a portfolio of contracts (or performance obligations) with similar characteristics for transactions where it is expected that the effects on the financial statements of applying the revenue recognition guidance to the portfolio would not differ materially from applying this guidance to the individual contracts (or performance obligations) within that portfolio. Revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the transaction price consideration that we expect to receive in exchange for those goods or services. Control refers to the ability of the customer to direct the use of, and obtain substantially all of, the remaining benefits from the goods or services. Our transaction price consideration is fixed, unless otherwise disclosed below as variable consideration. We made an accounting policy election so that our revenue excludes sales and usage-based taxes collected. Unit revenue Unit revenue is recognized at a point-in-time when control passes, which generally occurs when the unit is shipped to or picked-up from our manufacturing facilities by the customer, which is consistent with our past practice. Our payment terms are typically before or on delivery, and do not include a significant financing component. The amount of consideration received and recorded to revenue varies with changes in marketing incentives and offers to our customers. These marketing incentives and offers to our customers are considered variable consideration. We adjust the estimate of revenue at the earlier of when the most likely amount of consideration we expect to receive changes or when the consideration becomes fixed. Our contracts include some incidental items that are immaterial in the context of the contract. We have made an accounting policy election to not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer. We have made an accounting policy to account for any shipping and handling costs that occur after the transfer of control as a fulfillment cost that is accrued when control is transferred. Warranty obligations associated with the sale of a unit are assurance-type warranties that are a guarantee of the unit’s intended functionality and, therefore, do not represent a distinct performance obligation within the context of the contract. Contract costs incurred related to the sale of manufactured units are expensed at the point-in-time when the related revenue is recognized. We do not have material contract assets or liabilities. We establish allowances for uncollectible receivables based on historical collection trends and write-off history. Concentration of Risk One of our dealer organizations accounted for more than 10% of our net revenue for the second quarter of Fiscal 2019 and for the second quarter of Fiscal 2018 . However, none of our dealer organizations accounted for more than 10% of our net revenue for the first six months of Fiscal 2019 or the first six months of Fiscal 2018 .

Derivatives, Investments and Fa

Derivatives, Investments and Fair Value Measurements (Notes)	6 Months Ended
	Feb. 23, 2019
Fair Value Disclosures [Abstract]
Derivatives, Investments and Fair Value Measurements	Derivatives, Investments, and Fair Value Measurements Assets and Liabilities that are Measured at Fair Value on a Recurring Basis We account for fair value measurements in accordance with Accounting Standards Codification ("ASC") 820, Fair Value Measurements and Disclosures , which defines fair value, establishes a framework for measurement, and expands disclosure about fair value measurement. The fair value hierarchy requires the use of observable market data when available. In instances in which the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy contains three levels as follows: Level 1 - Unadjusted quoted prices that are available in active markets for the identical assets or liabilities at the measurement date. Level 2 - Other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including: • Quoted prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets in nonactive markets; • Inputs other than quoted prices that are observable for the asset or liability; and • Inputs that are derived principally from or corroborated by other observable market data. Level 3 - Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions. The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis at February 23, 2019 and August 25, 2018 according to the valuation techniques we used to determine their fair values: Fair Value at Fair Value Hierarchy (in thousands) February 23, Level 1 Level 2 Level 3 Assets that fund deferred compensation: Domestic equity funds $ 830 $ 750 $ 80 $ — International equity funds 147 92 55 — Fixed income funds 162 24 138 — Interest rate swap contract 1,090 — 1,090 — Total assets at fair value $ 2,229 $ 866 $ 1,363 $ — Fair Value at Fair Value Hierarchy (in thousands) August 25, Level 1 Level 2 Level 3 Assets that fund deferred compensation: Domestic equity funds $ 1,143 $ 1,114 $ 29 $ — International equity funds 139 120 19 — Fixed income funds 223 132 91 — Interest rate swap contract 1,959 — 1,959 — Total assets at fair value $ 3,464 $ 1,366 $ 2,098 $ — The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Assets that fund deferred compensation Our assets that fund deferred compensation are marketable equity securities measured at fair value using quoted market prices and primarily consist of equity-based mutual funds. These securities are primarily classified as Level 1 as they are traded in an active market for which closing stock prices are readily available. These securities fund the Executive Share Option Plan and the Executive Deferred Compensation Plan. Refer to Note 10, Employee and Retiree Benefits , of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 for additional information regarding these plans. The proportion of the assets that will fund options which expire within a year are included in Prepaid expenses and other assets in the accompanying Condensed Consolidated Balance Sheets . The remaining assets are classified as non-current and are included in Other assets . Interest Rate Swap Contract Under the terms of our Credit Agreement, as defined in Note 9 , Long-Term Debt , we were previously required to hedge a portion of the floating interest rate exposure. In accordance with this requirement, on January 23, 2017, we entered into an interest rate swap contract, which effectively fixed our interest rate on our $300.0 million term loan agreement ("Term Loan") for a notional amount that reduces each December during the swap contract. As of February 23, 2019 , we had $120.0 million of our Term Loan fixed at an interest rate of 5.32% . As of August 25, 2018 , we had $170.0 million of our Term Loan fixed at an interest rate of 5.32% . The swap contract expires on December 8, 2020. The fair value of the interest rate swap is classified as Level 2 as it is determined based on observable market data. The asset is included in Other assets on the Condensed Consolidated Balance Sheets . The change in value was predominately recorded to Accumulated other comprehensive income on the Condensed Consolidated Balance Sheets since the interest rate swap has been designated for hedge accounting. Assets and Liabilities that are measured at Fair Value on a Nonrecurring Basis Our non-financial assets, which include goodwill, intangible assets, and property, plant and equipment, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur, or if an annual impairment test is required, we must evaluate the non-financial asset for impairment. If an impairment has occurred, the asset is required to be recorded at the estimated fair value. No impairments were recorded for non-financial assets in the second quarter of Fiscal 2019 or the second quarter of Fiscal 2018 . Fair Value of Financial Instruments Our financial instruments, other than those presented in the disclosures above, include cash, receivables, accounts payable, other payables, and long-term debt. The fair values of cash, receivables, accounts payable, and other payables approximated carrying values because of the short-term nature of these instruments. If these instruments were measured at fair value in the financial statements, they would be classified as Level 1 in the fair value hierarchy. See Note 9 , Long-Term Debt , for information about the fair value of our long-term debt.

Inventories (Notes)

Inventories (Notes)	6 Months Ended
	Feb. 23, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: (in thousands) February 23, August 25, Finished goods $ 43,453 $ 26,513 Work-in-process 89,904 68,339 Raw materials 96,046 139,039 Total 229,403 233,891 Less last-in, first-out ("LIFO") reserve 39,792 38,763 Inventories, net $ 189,611 $ 195,128 Inventory valuation methods consist of the following: (in thousands) February 23, August 25, LIFO basis $ 174,157 $ 176,215 First-in, first-out basis 55,246 57,676 Total $ 229,403 $ 233,891 The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost at the respective dates.

Property, Plant, and Equipment

Property, Plant, and Equipment (Notes)	6 Months Ended
	Feb. 23, 2019
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment is stated at cost, net of accumulated depreciation and consists of the following: (in thousands) February 23, August 25, Land $ 6,747 $ 6,747 Buildings and building improvements 110,441 94,622 Machinery and equipment 108,529 105,663 Software 26,432 23,388 Transportation 9,102 8,837 Property, plant, and equipment, gross 261,251 239,257 Less accumulated depreciation 143,490 138,064 Property, plant, and equipment, net $ 117,761 $ 101,193 Depreciation expense was $3.1 million and $2.2 million during the second quarters of Fiscal 2019 and 2018 , respectively, and $6.3 million and $4.3 million during the first six months of Fiscal 2019 and 2018 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets Goodwill and Intangible Assets (Notes)	6 Months Ended
	Feb. 23, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The changes in the carrying amount of goodwill by segment were as follows for the first six months of Fiscal 2019 and 2018 , of which there are no accumulated impairment losses: (in thousands) Towable Corporate / All Other Total Balances at August 26, 2017 $ 242,728 $ — $ 242,728 Grand Design purchase price adjustment (1) 1,956 — 1,956 Balances at February 24, 2018 $ 244,684 $ — $ 244,684 Balances at August 25, 2018 $ 244,684 $ 29,686 $ 274,370 Chris-Craft purchase price adjustment (2) — 702 702 Balances at February 23, 2019 $ 244,684 $ 30,388 $ 275,072 (1) Refer to Note 2, Business Combinations , of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 for additional information. (2) Purchase price adjustments made for working capital. For additional information related to the acquisition of Chris-Craft USA, Inc., refer to Note 2, Business Combinations , of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 . Other intangible assets, net of accumulated amortization, consist of the following: February 23, 2019 August 25, 2018 (in thousands) Weighted Average Life-Years Cost Accumulated Amortization Cost Accumulated Amortization Trade names Indefinite $ 177,250 $ 177,250 Dealer networks 12.2 95,581 $ 16,253 95,581 $ 12,328 Backlog 0.5 19,527 19,527 19,527 19,135 Non-compete agreements 4.1 5,347 2,571 5,347 2,084 Leasehold interest-favorable 8.1 2,000 563 2,000 441 Other intangible assets, gross 299,705 38,914 299,705 33,988 Less accumulated amortization 38,914 33,988 Other intangible assets, net $ 260,791 $ 265,717 The weig hted average remaining amortization period for intangible assets as of February 23, 2019 was approximatel y 11 years. Remaining estimated aggregate annual amortization expense by fiscal year is as follows: (in thousands) Amount Fiscal 2019 $ 4,561 Fiscal 2020 9,032 Fiscal 2021 9,032 Fiscal 2022 8,405 Fiscal 2023 8,197 Thereafter 44,314 Total amortization expense remaining $ 83,541

Warranty (Notes)

Warranty (Notes)	6 Months Ended
	Feb. 23, 2019
Product Warranties Disclosures [Abstract]
Warranty	Warranty We provide certain service and warranty on our products. From time to time, we also voluntarily incur costs for certain warranty-type expenses occurring after the normal warranty period to help protect the reputation of our products and the goodwill of our customers. Estimated costs related to product warranty are accrued at the time of sale and are based upon historical warranty and service claims experience. Adjustments are made to accruals as claim data and cost experience becomes available. In addition to the costs associated with the contractual warranty coverage provided on our products, we also occasionally incur costs as a result of additional service actions not covered by our warranties, including product recalls and customer satisfaction actions. Although we estimate and reserve for the cost of these service actions, there can be no assurance that expense levels will remain at current levels or such reserves will continue to be adequate. Changes in our product warranty liability are as follows: Three Months Ended Six Months Ended (in thousands) February 23, February 24, February 23, February 24, Balance at beginning of period $ 41,303 $ 32,500 $ 40,498 $ 30,805 Provision 9,194 10,283 19,951 20,236 Claims paid (10,192 ) (7,795 ) (20,144 ) (16,053 ) Balance at end of period $ 40,305 $ 34,988 $ 40,305 $ 34,988

Long-Term Debt Long-Term Debt (

Long-Term Debt Long-Term Debt (Notes)	6 Months Ended
	Feb. 23, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On November 8, 2016 , we entered into a $125.0 million credit facility ("ABL") and a $300.0 million Term Loan with JPMorgan Chase Bank, N.A. ("Credit Agreement"). On December 8, 2017, we amended our Credit Agreement, which decreased the interest rate spread on the Term Loan and the ABL. As of September 21, 2018 , the amount that may be borrowed under the ABL was increased to $165.0 million . The Credit Agreement contains certain financial covenants. As of February 23, 2019 , we are in compliance with all financial covenants of the Credit Agreement. The components of long-term debt are as follows: (in thousands) February 23, August 25, ABL $ 23,330 $ 38,532 Term Loan 260,000 260,000 Long-term debt, excluding debt issuance costs 283,330 298,532 Debt issuance cost, net (6,412 ) (7,091 ) Long-term debt 276,918 291,441 Less current maturities 2,750 — Long-term debt, less current maturities $ 274,168 $ 291,441 As of February 23, 2019 , the fair value of long-term debt, excluding debt issuance costs, was $278.1 million . As of August 25, 2018 , the fair value of long-term debt, excluding debt issuance costs, approximated the carrying value. Aggregate contractual maturities of debt in future fiscal years are as follows: (in thousands) Amount Fiscal 2019 $ — Fiscal 2020 10,250 Fiscal 2021 15,000 Fiscal 2022 15,000 Fiscal 2023 219,750 Total Term Loan $ 260,000

Employee and Retiree Benefits (

Employee and Retiree Benefits (Notes)	6 Months Ended
	Feb. 23, 2019
Retirement Benefits [Abstract]
Employee and Retiree Benefits	Employee and Retiree Benefits Deferred compensation liabilities are as follows: (in thousands) February 23, August 25, Non-qualified deferred compensation $ 14,292 $ 14,831 Supplemental executive retirement plan 2,339 2,309 Executive share option plan 517 935 Executive deferred compensation plan 580 421 Officer stock-based compensation — 1,528 Deferred compensation benefits 17,728 20,024 Less current portion (1) 3,500 4,742 Deferred compensation benefits, net of current portion $ 14,228 $ 15,282 (1) Included in Accrued compensation on the Condensed Consolidated Balance Sheets .

Contingent Liabilites and Commi

Contingent Liabilites and Commitments (Notes)	6 Months Ended
	Feb. 23, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities and Commitments	Contingent Liabilities and Commitments Repurchase Commitments Generally, manufacturers in our industries enter into repurchase agreements with lending institutions which have provided wholesale floorplan financing to dealers. Most dealers are financed on a "floorplan" basis under which a bank or finance company lends the dealer all, or substantially all, of the purchase price, collateralized by a security interest in the units purchased. Our repurchase agreements generally provide that, in the event of default by the dealer on the agreement to pay the lending institution, we will repurchase the financed merchandise. The terms of these agreements, which generally can last up to 24 months , provide that our liability will be the lesser of remaining principal owed by the dealer to the lending institution, or dealer invoice less periodic reductions based on the time since the date of the original invoice. Our liability cannot exceed 100% of the dealer invoice. In certain instances, we also repurchase inventory from our dealers due to state law or regulatory requirements that govern voluntary or involuntary relationship terminations. Although laws vary from state to state, some states have laws in place that require manufacturers of recreational vehicles or boats to repurchase current inventory if a dealership exits the business. Our total contingent liability on all repurchase agreements was approximately $1.0 billion and $879.0 million at February 23, 2019 and August 25, 2018 , respectively. Repurchased sales are not recorded as a revenue transaction, but the net difference between the original repurchase price and the resale price are recorded against the loss reserve, which is a deduction from gross revenue. Our loss reserve for repurchase commitments contains uncertainties because the calculation requires management to make assumptions and apply judgment regarding a number of factors. Our risk of loss related to these repurchase commitments is significantly reduced by the potential resale value of any products that are subject to repurchase and is spread over numerous dealers and lenders. The aggregate contingent liability related to our repurchase agreements represents all financed dealer inventory at the period reporting date subject to a repurchase agreement, net of the greater of periodic reductions per the agreement or dealer principal payments. Based on these repurchase agreements and our historical loss experience, we establish an associated loss reserve which is included in Accrued expenses: Other on the Condensed Consolidated Balance Sheets . Our accrued losses on repurchases were $0.9 million and $0.9 million at February 23, 2019 and August 25, 2018 , respectively. Repurchase risk is affected by the credit worthiness of our dealer network, and we do not believe there is a reasonable likelihood that there will be a material change in the estimates or assumptions used to establish the loss reserve for repurchase commitments. There was no material activity related to repurchase agreements during the three and six months ended February 23, 2019 and February 24, 2018 . Litigation We are involved in various legal proceedings which are ordinary and routine litigation incidental to our business, some of which are covered in whole or in part by insurance. While we believe the ultimate disposition of litigation will not have a material adverse effect on our financial position, results of operations or liquidity, there exists the possibility that such litigation may have an impact on our results for a particular reporting period in which litigation effects become probable and reasonably estimable. Though we do not believe there is a reasonable likelihood that there will be a material change related to these matters, litigation is subject to inherent uncertainties and management’s view of these matters may change in the future.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Feb. 23, 2019
Stockholders' Equity Note [Abstract]
Stock-Based Compensation	Stock-Based Compensation On December 11, 2018, our shareholders approved the Winnebago Industries, Inc. 2019 Omnibus Incentive Plan ("2019 Plan") as detailed in our Proxy Statement for the 2018 Annual Meeting of Shareholders. The 2019 Plan allows us to grant or issue non-qualified stock options, incentive stock options, share awards, and other equity compensation to key employees and to non-employee directors. The 2019 Plan replaces our 2014 Omnibus Equity, Performance Award, and Incentive Compensation Plan (as amended, the "2014 Plan"). The number of shares of our Common Stock that may be the subject of awards and issued under the 2019 Plan is 4.1 million, plus the shares subject to any awards outstanding under the 2014 Plan and our predecessor plan, the 2004 Incentive Compensation Plan (the “2004 Plan”), on December 11, 2018 that subsequently expire, are forfeited or canceled, or are settled for cash. Until such time, however, awards under the 2014 Plan and the 2004 Plan, respectively, that are outstanding on December 11, 2018 will continue to be subject to the terms of the 2014 Plan or 2004 Plan, as applicable. Shares remaining available for future awards under the 2014 Plan were not carried over into the 2019 Plan. Beginning with our annual grant of restricted stock units in October 2018, we attach dividend equivalents to our restricted stock units equal to dividends payable on the same number of shares of WGO common stock during the applicable period. Dividend equivalents, settled in cash, accrue on restricted stock unit awards during the vesting period. No dividend equivalents are paid on any restricted stock units that are forfeited prior to the vesting date. Stock-based compensation expense was $2.1 million and $2.7 million during the second quarters of Fiscal 2019 and 2018 , respectively, and $4.6 million and $3.6 million during the first six months of Fiscal 2019 and 2018 , respectively. Compensation expense is recognized over the requisite service period of the award.

Restructuring Restructuring (No

Restructuring Restructuring (Notes)	6 Months Ended
	Feb. 23, 2019
Restructuring [Abstract]
Restructuring	Restructuring On February 4, 2019, we announced our intent to move our diesel production from Junction City, OR to Forest City, IA to enable more effective product development and improve our cost structure. These restructuring activities resulted in pretax charges included within Selling, general, and administrative expenses of $0.2 million for the three and six months ended February 23, 2019 . These expenses are included in our Motorhome segment. Included in these restructuring charges are primarily employee-related costs. We expect additional expenses of approximately $2.0 million in Fiscal 2019 and $1.0 million in Fiscal 2020, primarily related to employee and asset-related charges. We expect these expenses to be partially offset by the corresponding savings generated by the project.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Feb. 23, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We account for income taxes under ASC 740, Income Taxes . The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. Our effective tax rate decreased to 18.4% for the six months ended February 23, 2019 from 29.5% for the six months ended February 24, 2018 due to the enactment of the 2017 Tax Cuts and Jobs Act ("Tax Act") on December 22, 2017 and certain favorable discrete items, primarily due to R&D-related tax credits, which totaled $2.5 million . ASU 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 , provided guidance for companies that allowed for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts under ASC 740, Income Taxes . In accordance with this guidance, a company was required to reflect the income tax effect of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company's accounting for certain income tax effects of the Tax Act was incomplete, but it was able to determine a reasonable estimate, the company was required to record a provisional estimate in the financial statements. In accordance with ASC 740, we recorded non-cash provisional estimates to income tax expense in Fiscal 2018 as a result of revaluing all deferred tax assets and liabilities at the newly enacted Federal corporate income tax rate. We have not made any measurement period adjustments related to these items during the first six months of Fiscal 2019 and are complete in analyzing and recording all aspects of the enactment of the Tax Act. We file a U.S. Federal tax return as well as returns in various international and state jurisdictions. Although certain years are no longer subject to examination by the Internal Revenue Service ("IRS") and various state taxing authorities, net operating loss carryforwards generated in those years may still be adjusted upon examination by the IRS or state taxing authorities. As of February 23, 2019 , our Federal returns from Fiscal 2015 to present continue to be subject to review by the IRS. With limited exception, our state returns from Fiscal 2014 to present continue to be subject to review by the state taxing jurisdictions. Several years may lapse before an uncertain tax position is audited and finally resolved, and it is difficult to predict the outcome of such audits. It is our policy to recognize interest and penalties accrued relative to unrecognized tax benefits in income tax expense. Total reserves for uncertain tax positions were not material.

Income Per Share (Notes)

Income Per Share (Notes)	6 Months Ended
	Feb. 23, 2019
Earnings Per Share [Abstract]
Income Per Share	Income Per Share The following table reflects the calculation of basic and diluted income per share: Three Months Ended Six Months Ended (in thousands, except per share data) February 23, February 24, February 23, February 24, Numerator Net income $ 21,598 $ 22,088 $ 43,759 $ 40,046 Denominator Weighted average common shares outstanding 31,577 31,654 31,572 31,634 Dilutive impact of stock compensation awards 147 200 183 218 Weighted average common shares outstanding, assuming dilution 31,724 31,854 31,755 31,852 Anti-dilutive securities excluded from Weighted average common shares outstanding, assuming dilution 243 73 212 73 Basic income per common share $ 0.68 $ 0.70 $ 1.39 $ 1.27 Diluted income per common share $ 0.68 $ 0.69 $ 1.38 $ 1.26 Anti-dilutive securities were not included in the computation of diluted income per common share because they are considered anti-dilutive under the treasury stock method.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Feb. 23, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in Accumulated Other Comprehensive Income ("AOCI") by component, net of tax, were: Three Months Ended February 23, 2019 February 24, 2018 (in thousands) Defined Benefit Pension Items Interest Rate Swap Total Defined Benefit Pension Items Interest Rate Swap Total Balance at beginning of period $ (583 ) $ 1,461 $ 878 $ (503 ) $ 120 $ (383 ) Other comprehensive income ("OCI") before reclassifications — (634 ) (634 ) — 1,283 1,283 Amounts reclassified from AOCI 8 — 8 7 — 7 Net current-period OCI 8 (634 ) (626 ) 7 1,283 1,290 Balance at end of period $ (575 ) $ 827 $ 252 $ (496 ) $ 1,403 $ 907 Six Months Ended February 23, 2019 February 24, 2018 (in thousands) Defined Benefit Pension Items Interest Rate Swap Total Defined Benefit Pension Items Interest Rate Swap Total Balance at beginning of period $ (591 ) $ 1,483 $ 892 $ (509 ) $ (514 ) $ (1,023 ) Other comprehensive income before reclassifications — (656 ) (656 ) — 1,917 1,917 Amounts reclassified from AOCI 16 — 16 13 — 13 Net current-period OCI 16 (656 ) (640 ) 13 1,917 1,930 Balance at end of period $ (575 ) $ 827 $ 252 $ (496 ) $ 1,403 $ 907 Reclassifications out of AOCI in net periodic benefit costs, net of tax, were: Three Months Ended Six Months Ended (in thousands) Location on Consolidated Statements of Income and Comprehensive Income February 23, February 24, February 23, February 24, Amortization of net actuarial loss SG&A $ 8 $ 7 $ 16 $ 13

Basis of Presentation Summary o

Basis of Presentation Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Feb. 23, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Unless the context otherwise requires, the use of the terms "Winnebago Industries," "WGO," "we," "us," and "our" in these Notes to Condensed Consolidated Financial Statements refers to Winnebago Industries, Inc. and its wholly-owned subsidiaries. In the opinion of management, the accompanying Condensed Consolidated Financial Statements contain all adjustments necessary for a fair presentation as prescribed by accounting principles generally accepted in the United States (“GAAP”). All adjustments were comprised of normal recurring adjustments, except as noted in these Notes to Condensed Consolidated Financial Statements . Interim results are not necessarily indicative of the results to be expected for the full year. The interim Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 .
Fiscal Period [Policy Text Block]	Fiscal Period We follow a 52-/53-week fiscal year, ending the last Saturday in August. Fiscal 2019 is a 53 -week year, while Fiscal 2018 was a 52 -week year. The extra (53rd) week in Fiscal 2019 will be recognized in our fourth quarter.
New Accounting Pronouncements [Text Block]	New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update (“ASU”) 2016-02, Leases (Topic 842) , which requires an entity to recognize both assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. This ASU and the related amendments must be adopted on a modified retrospective basis to either each prior reporting period presented or as of the beginning of the period of adoption. Based on the effective dates, we expect to adopt the new guidance in the first quarter of Fiscal 2020 using the modified retrospective basis as of the beginning of the period of adoption. We have established an implementation plan and are in the process of surveying our businesses, assessing our lease population, and compiling information on our active leases. In addition, we are determining needed changes to our policies, business processes, internal controls, and disclosures. While we continue to make progress on our implementation, we are still evaluating the impact of the adoption on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) , which improves the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 (our Fiscal 2020), including interim periods within those annual reporting periods. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements.
Recently Adopted Accounting Pronouncements [Policy Text Block]	Recently Adopted Accounting Pronouncements In the first quarter of Fiscal 2019 , we adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which establishes a comprehensive five-step model for the recognition of revenue from contracts with customers. This model is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We elected the modified retrospective method of adoption, which we applied to contracts not completed as of the initial date of adoption. Application of the transition requirements had no material impact on operations or beginning retained earnings. While changes to certain control processes and procedures were updated for this adoption, the changes did not have a material impact to our internal control financial reporting framework. Also in the first quarter of Fiscal 2019 , we retrospectively adopted ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (Topic 230) , which provides guidance for eight specific cash flow issues with the objective of reducing the existing diversity in practice. The adoption of this standard did not materially impact our statements of cash flows, and no cash flow reclassifications were required for the prior period.

Business Segments Business Se_2

Business Segments Business Segments (Tables)	6 Months Ended
	Feb. 23, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table shows information by reportable segment: Three Months Ended Six Months Ended (in thousands) February 23, February 24, February 23, February 24, Net Revenues Motorhome $ 164,662 $ 199,081 $ 345,990 $ 387,278 Towable 250,691 266,358 543,524 526,023 Corporate / All Other 17,337 2,920 36,824 5,079 Consolidated $ 432,690 $ 468,359 $ 926,338 $ 918,380 Adjusted EBITDA Motorhome $ 4,359 $ 5,687 $ 16,335 $ 10,587 Towable 33,638 36,296 64,466 69,688 Corporate / All Other (3,509 ) (2,601 ) (7,860 ) (5,482 ) Consolidated $ 34,488 $ 39,382 $ 72,941 $ 74,793 Capital Expenditures Motorhome $ 2,198 $ 1,633 $ 5,390 $ 4,740 Towable 7,648 4,685 16,525 6,935 Corporate / All Other 749 — 1,451 — Consolidated $ 10,595 $ 6,318 $ 23,366 $ 11,675 (in thousands) February 23, August 25, Total Assets Motorhome $ 324,627 $ 322,048 Towable 647,504 626,588 Corporate / All Other 106,005 103,169 Consolidated $ 1,078,136 $ 1,051,805 Reconciliation of net income to consolidated Adjusted EBITDA: Three Months Ended Six Months Ended (in thousands) February 23, 2019 February 24, 2018 February 23, 2019 February 24, 2018 Net income $ 21,598 $ 22,088 $ 43,759 $ 40,046 Interest expense 4,346 4,918 8,847 9,699 Provision for income taxes 3,166 8,234 9,892 16,794 Depreciation 3,099 2,198 6,268 4,328 Amortization of intangible assets 2,267 1,933 4,926 3,988 EBITDA 34,476 39,371 73,692 74,855 Acquisition-related costs — — — 50 Restructuring expenses 219 — 219 — Non-operating (income) expense (207 ) 11 (970 ) (112 ) Adjusted EBITDA $ 34,488 $ 39,382 $ 72,941 $ 74,793

Revenue Revenue (Tables)

Revenue Revenue (Tables)	6 Months Ended
	Feb. 23, 2019
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table disaggregates revenue by reportable segment and product category: Three Months Ended Six Months Ended (in thousands) February 23, February 24, February 23, February 24, Net Revenues Motorhome: Class A $ 55,000 $ 87,382 $ 103,678 $ 161,587 Class B 52,260 33,457 120,980 62,577 Class C 52,243 72,685 108,385 149,460 Other (1) 5,159 5,557 12,947 13,654 Total Motorhome 164,662 199,081 345,990 387,278 Towable: Fifth Wheel 154,783 150,915 317,532 295,029 Travel Trailer 92,162 112,670 217,788 225,395 Other (1) 3,746 2,773 8,204 5,599 Total Towable 250,691 266,358 543,524 526,023 Corporate / All Other: Other (2) 17,337 2,920 36,824 5,079 Total Corporate / All Other 17,337 2,920 36,824 5,079 Consolidated $ 432,690 $ 468,359 $ 926,338 $ 918,380 (1) Relates to parts, accessories, and services. (2) Relates to marine and specialty vehicle units, parts, accessories, and services.

Derivatives, Investments and _2

Derivatives, Investments and Fair Value Measurements Derivatives, Investments and Fair Value Measurements (Tables)	6 Months Ended
	Feb. 23, 2019
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis at February 23, 2019 and August 25, 2018 according to the valuation techniques we used to determine their fair values: Fair Value at Fair Value Hierarchy (in thousands) February 23, Level 1 Level 2 Level 3 Assets that fund deferred compensation: Domestic equity funds $ 830 $ 750 $ 80 $ — International equity funds 147 92 55 — Fixed income funds 162 24 138 — Interest rate swap contract 1,090 — 1,090 — Total assets at fair value $ 2,229 $ 866 $ 1,363 $ — Fair Value at Fair Value Hierarchy (in thousands) August 25, Level 1 Level 2 Level 3 Assets that fund deferred compensation: Domestic equity funds $ 1,143 $ 1,114 $ 29 $ — International equity funds 139 120 19 — Fixed income funds 223 132 91 — Interest rate swap contract 1,959 — 1,959 — Total assets at fair value $ 3,464 $ 1,366 $ 2,098 $ —

Inventories Inventories (Tables

Inventories Inventories (Tables)	6 Months Ended
	Feb. 23, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following: (in thousands) February 23, August 25, Finished goods $ 43,453 $ 26,513 Work-in-process 89,904 68,339 Raw materials 96,046 139,039 Total 229,403 233,891 Less last-in, first-out ("LIFO") reserve 39,792 38,763 Inventories, net $ 189,611 $ 195,128 Inventory valuation methods consist of the following: (in thousands) February 23, August 25, LIFO basis $ 174,157 $ 176,215 First-in, first-out basis 55,246 57,676 Total $ 229,403 $ 233,891

Property, Plant, and Equipmen_2

Property, Plant, and Equipment Property, Plant, and Equipment (Tables)	6 Months Ended
	Feb. 23, 2019
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment [Table Text Block]	Property, plant, and equipment is stated at cost, net of accumulated depreciation and consists of the following: (in thousands) February 23, August 25, Land $ 6,747 $ 6,747 Buildings and building improvements 110,441 94,622 Machinery and equipment 108,529 105,663 Software 26,432 23,388 Transportation 9,102 8,837 Property, plant, and equipment, gross 261,251 239,257 Less accumulated depreciation 143,490 138,064 Property, plant, and equipment, net $ 117,761 $ 101,193

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets Goodwill and Intangible Assets (Tables)	6 Months Ended
	Feb. 23, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill by segment were as follows for the first six months of Fiscal 2019 and 2018 , of which there are no accumulated impairment losses: (in thousands) Towable Corporate / All Other Total Balances at August 26, 2017 $ 242,728 $ — $ 242,728 Grand Design purchase price adjustment (1) 1,956 — 1,956 Balances at February 24, 2018 $ 244,684 $ — $ 244,684 Balances at August 25, 2018 $ 244,684 $ 29,686 $ 274,370 Chris-Craft purchase price adjustment (2) — 702 702 Balances at February 23, 2019 $ 244,684 $ 30,388 $ 275,072 (1) Refer to Note 2, Business Combinations , of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 for additional information. (2) Purchase price adjustments made for working capital. For additional information related to the acquisition of Chris-Craft USA, Inc., refer to Note 2, Business Combinations , of the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended August 25, 2018 .
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Other intangible assets, net of accumulated amortization, consist of the following: February 23, 2019 August 25, 2018 (in thousands) Weighted Average Life-Years Cost Accumulated Amortization Cost Accumulated Amortization Trade names Indefinite $ 177,250 $ 177,250 Dealer networks 12.2 95,581 $ 16,253 95,581 $ 12,328 Backlog 0.5 19,527 19,527 19,527 19,135 Non-compete agreements 4.1 5,347 2,571 5,347 2,084 Leasehold interest-favorable 8.1 2,000 563 2,000 441 Other intangible assets, gross 299,705 38,914 299,705 33,988 Less accumulated amortization 38,914 33,988 Other intangible assets, net $ 260,791 $ 265,717
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Remaining estimated aggregate annual amortization expense by fiscal year is as follows: (in thousands) Amount Fiscal 2019 $ 4,561 Fiscal 2020 9,032 Fiscal 2021 9,032 Fiscal 2022 8,405 Fiscal 2023 8,197 Thereafter 44,314 Total amortization expense remaining $ 83,541

Warranty Warranty (Tables)

Warranty Warranty (Tables)	6 Months Ended
	Feb. 23, 2019
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in our product warranty liability are as follows: Three Months Ended Six Months Ended (in thousands) February 23, February 24, February 23, February 24, Balance at beginning of period $ 41,303 $ 32,500 $ 40,498 $ 30,805 Provision 9,194 10,283 19,951 20,236 Claims paid (10,192 ) (7,795 ) (20,144 ) (16,053 ) Balance at end of period $ 40,305 $ 34,988 $ 40,305 $ 34,988

Long-Term Debt Long-Term Debt_2

Long-Term Debt Long-Term Debt (Tables)	6 Months Ended
	Feb. 23, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The components of long-term debt are as follows: (in thousands) February 23, August 25, ABL $ 23,330 $ 38,532 Term Loan 260,000 260,000 Long-term debt, excluding debt issuance costs 283,330 298,532 Debt issuance cost, net (6,412 ) (7,091 ) Long-term debt 276,918 291,441 Less current maturities 2,750 — Long-term debt, less current maturities $ 274,168 $ 291,441
Schedule of Maturities of Long-term Debt	Aggregate contractual maturities of debt in future fiscal years are as follows: (in thousands) Amount Fiscal 2019 $ — Fiscal 2020 10,250 Fiscal 2021 15,000 Fiscal 2022 15,000 Fiscal 2023 219,750 Total Term Loan $ 260,000

Employee and Retiree Benefits E

Employee and Retiree Benefits Employee and Retiree Benefits (Tables)	6 Months Ended
	Feb. 23, 2019
Retirement Benefits [Abstract]
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	Deferred compensation liabilities are as follows: (in thousands) February 23, August 25, Non-qualified deferred compensation $ 14,292 $ 14,831 Supplemental executive retirement plan 2,339 2,309 Executive share option plan 517 935 Executive deferred compensation plan 580 421 Officer stock-based compensation — 1,528 Deferred compensation benefits 17,728 20,024 Less current portion (1) 3,500 4,742 Deferred compensation benefits, net of current portion $ 14,228 $ 15,282 (1) Included in Accrued compensation on the Condensed Consolidated Balance Sheets .

Income Per Share Income Per Sha

Income Per Share Income Per Share (Tables)	6 Months Ended
	Feb. 23, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table reflects the calculation of basic and diluted income per share: Three Months Ended Six Months Ended (in thousands, except per share data) February 23, February 24, February 23, February 24, Numerator Net income $ 21,598 $ 22,088 $ 43,759 $ 40,046 Denominator Weighted average common shares outstanding 31,577 31,654 31,572 31,634 Dilutive impact of stock compensation awards 147 200 183 218 Weighted average common shares outstanding, assuming dilution 31,724 31,854 31,755 31,852 Anti-dilutive securities excluded from Weighted average common shares outstanding, assuming dilution 243 73 212 73 Basic income per common share $ 0.68 $ 0.70 $ 1.39 $ 1.27 Diluted income per common share $ 0.68 $ 0.69 $ 1.38 $ 1.26

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Feb. 23, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in Accumulated Other Comprehensive Income ("AOCI") by component, net of tax, were: Three Months Ended February 23, 2019 February 24, 2018 (in thousands) Defined Benefit Pension Items Interest Rate Swap Total Defined Benefit Pension Items Interest Rate Swap Total Balance at beginning of period $ (583 ) $ 1,461 $ 878 $ (503 ) $ 120 $ (383 ) Other comprehensive income ("OCI") before reclassifications — (634 ) (634 ) — 1,283 1,283 Amounts reclassified from AOCI 8 — 8 7 — 7 Net current-period OCI 8 (634 ) (626 ) 7 1,283 1,290 Balance at end of period $ (575 ) $ 827 $ 252 $ (496 ) $ 1,403 $ 907 Six Months Ended February 23, 2019 February 24, 2018 (in thousands) Defined Benefit Pension Items Interest Rate Swap Total Defined Benefit Pension Items Interest Rate Swap Total Balance at beginning of period $ (591 ) $ 1,483 $ 892 $ (509 ) $ (514 ) $ (1,023 ) Other comprehensive income before reclassifications — (656 ) (656 ) — 1,917 1,917 Amounts reclassified from AOCI 16 — 16 13 — 13 Net current-period OCI 16 (656 ) (640 ) 13 1,917 1,930 Balance at end of period $ (575 ) $ 827 $ 252 $ (496 ) $ 1,403 $ 907
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Reclassifications out of AOCI in net periodic benefit costs, net of tax, were: Three Months Ended Six Months Ended (in thousands) Location on Consolidated Statements of Income and Comprehensive Income February 23, February 24, February 23, February 24, Amortization of net actuarial loss SG&A $ 8 $ 7 $ 16 $ 13

Business Segments Business Se_3

Business Segments Business Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019USD ($)	Feb. 24, 2018USD ($)	Feb. 23, 2019USD ($)reportable_segments	Feb. 24, 2018USD ($)	Aug. 25, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | reportable_segments			2
Net revenues	$ 432,690	$ 468,359	$ 926,338	$ 918,380
Purchases of property and equipment	10,595	6,318	23,366	11,675
Assets	1,078,136		1,078,136		$ 1,051,805
Net income	21,598	22,088	43,759	40,046
Interest expense	4,346	4,918	8,847	9,699
Provision for income taxes	3,166	8,234	9,892	16,794
Depreciation	3,099	2,198	6,268	4,328
Amortization of intangible assets	2,267	1,933	4,926	3,988
EBITDA	34,476	39,371	73,692	74,855
Acquisition-related costs	0	0	0	50
Restructuring expenses	219	0	219	0
Non-operating income	(207)	11	(970)	(112)
Adjusted EBITDA	34,488	39,382	72,941	74,793
Motorhome [Member]
Segment Reporting Information [Line Items]
Net revenues	164,662	199,081	345,990	387,278
Purchases of property and equipment	2,198	1,633	5,390	4,740
Assets	324,627		324,627		322,048
Adjusted EBITDA	4,359	5,687	16,335	10,587
Towable [Member]
Segment Reporting Information [Line Items]
Net revenues	250,691	266,358	543,524	526,023
Purchases of property and equipment	7,648	4,685	16,525	6,935
Assets	647,504		647,504		626,588
Adjusted EBITDA	33,638	36,296	64,466	69,688
Corporate All Other [Member]
Segment Reporting Information [Line Items]
Net revenues	17,337	2,920	36,824	5,079
Purchases of property and equipment	749	0	1,451	0
Assets	106,005		106,005		$ 103,169
Adjusted EBITDA	$ (3,509)	$ (2,601)	$ (7,860)	$ (5,482)

Revenue Revenue Disaggregation

Revenue Revenue Disaggregation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Disaggregation of Revenue [Line Items]
Net revenues	$ 432,690	$ 468,359	$ 926,338	$ 918,380
Motorhome [Member]
Disaggregation of Revenue [Line Items]
Net revenues	164,662	199,081	345,990	387,278
Motorhome [Member] | Class A [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	55,000	87,382	103,678	161,587
Motorhome [Member] | Class B [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	52,260	33,457	120,980	62,577
Motorhome [Member] | Class C [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	52,243	72,685	108,385	149,460
Motorhome [Member] | Other [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	5,159	5,557	12,947	13,654
Towable [Member]
Disaggregation of Revenue [Line Items]
Net revenues	250,691	266,358	543,524	526,023
Towable [Member] | Fifth Wheel [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	154,783	150,915	317,532	295,029
Towable [Member] | Travel Trailer [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	92,162	112,670	217,788	225,395
Towable [Member] | Other [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	3,746	2,773	8,204	5,599
Corporate All Other [Member]
Disaggregation of Revenue [Line Items]
Net revenues	17,337	2,920	36,824	5,079
Corporate All Other [Member] | Other [Domain]
Disaggregation of Revenue [Line Items]
Net revenues	$ 17,337	$ 2,920	$ 36,824	$ 5,079

Derivatives, Investments and _3

Derivatives, Investments and Fair Value Measurements Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Domestic equity funds	$ 830	$ 1,143
International equity funds	147	139
Fixed income funds	162	223
Interest rate swap contract, assets	1,090	1,959
Total assets at fair value	2,229	3,464
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Domestic equity funds	750	1,114
International equity funds	92	120
Fixed income funds	24	132
Interest rate swap contract, assets	0	0
Total assets at fair value	866	1,366
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Domestic equity funds	80	29
International equity funds	55	19
Fixed income funds	138	91
Interest rate swap contract, assets	1,090	1,959
Total assets at fair value	1,363	2,098
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Domestic equity funds	0	0
International equity funds	0	0
Fixed income funds	0	0
Interest rate swap contract, assets	0	0
Total assets at fair value	$ 0	$ 0

Derivatives, Investments and _4

Derivatives, Investments and Fair Value Measurements Derivatives, Investments and Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 23, 2019	Aug. 25, 2018	Nov. 08, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, gross	$ 283,330	$ 298,532
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges	0
Term Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, gross	$ 260,000	$ 260,000	$ 300,000
Interest rate, stated percentage	5.32%	5.32%
Term Loan | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount	$ 120,000	$ 170,000

Inventories Inventories-Balance

Inventories Inventories-Balance (Details) - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 43,453	$ 26,513
Work-in-process	89,904	68,339
Raw materials	96,046	139,039
Total	229,403	233,891
Less last-in, first-out (LIFO) reserve	39,792	38,763
Inventories, net	$ 189,611	$ 195,128

Inventories Inventories-Basis (

Inventories Inventories-Basis (Details) - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Inventory Disclosure [Abstract]
LIFO basis	$ 174,157	$ 176,215
First-in, first-out basis	55,246	57,676
Total	$ 229,403	$ 233,891

Property, Plant, and Equipmen_3

Property, Plant, and Equipment Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018	Aug. 25, 2018
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 261,251		$ 261,251		$ 239,257
Less accumulated depreciation	143,490		143,490		138,064
Property, plant, and equipment, net	117,761		117,761		101,193
Depreciation	3,099	$ 2,198	6,268	$ 4,328
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	6,747		6,747		6,747
Buildings and building improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	110,441		110,441		94,622
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	108,529		108,529		105,663
Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	26,432		26,432		23,388
Transportation [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 9,102		$ 9,102		$ 8,837

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets Schedule of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018
Goodwill [Line Items]
Beginning balance	$ 274,370	$ 242,728
Goodwill, Purchase Accounting Adjustments	702	1,956
Ending balance	275,072	244,684
Towable [Member]
Goodwill [Line Items]
Beginning balance	244,684	242,728
Goodwill, Purchase Accounting Adjustments	0	1,956
Ending balance	244,684	244,684
Corporate All Other [Member]
Goodwill [Line Items]
Beginning balance	29,686	0
Goodwill, Purchase Accounting Adjustments	702	0
Ending balance	$ 30,388	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 23, 2019	Aug. 25, 2018
Schedule of Intangible Assets [Line Items]
Other intangible assets, gross	$ 299,705	$ 299,705
Accumulated amortization	38,914	33,988
Other intangible assets, net	$ 260,791	265,717
Finite-Lived Intangible Assets, Remaining Amortization Period	11 years
Trade names
Schedule of Intangible Assets [Line Items]
Other intangible assets, gross	$ 177,250	177,250
Dealer networks
Schedule of Intangible Assets [Line Items]
Other intangible assets, gross	95,581	95,581
Accumulated amortization	$ 16,253	12,328
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years 2 months
Backlog
Schedule of Intangible Assets [Line Items]
Other intangible assets, gross	$ 19,527	19,527
Accumulated amortization	$ 19,527	19,135
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 months
Non-compete agreements
Schedule of Intangible Assets [Line Items]
Other intangible assets, gross	$ 5,347	5,347
Accumulated amortization	$ 2,571	2,084
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	4 years 1 month
Leasehold interest-favorable
Schedule of Intangible Assets [Line Items]
Other intangible assets, gross	$ 2,000	2,000
Accumulated amortization	$ 563	$ 441
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years 1 month

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets Future Amortization of Intangible Assets (Details) $ in Thousands	Feb. 23, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal 2019	$ 4,561
Fiscal 2020	9,032
Fiscal 2021	9,032
Fiscal 2022	8,405
Fiscal 2023	8,197
Thereafter	44,314
Total amortization expense remaining	$ 83,541

Warranty Schedule of Product Wa

Warranty Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 41,303	$ 32,500	$ 40,498	$ 30,805
Provision	9,194	10,283	19,951	20,236
Claims paid	(10,192)	(7,795)	(20,144)	(16,053)
Balance at end of period	$ 40,305	$ 34,988	$ 40,305	$ 34,988

Long-Term Debt Components of Lo

Long-Term Debt Components of Long-Term Debt (Details) - USD ($) $ in Thousands	Feb. 23, 2019	Sep. 21, 2018	Aug. 25, 2018	Nov. 08, 2016
Debt Instrument [Line Items]
Long-term debt, gross	$ 283,330		$ 298,532
Debt issuance cost, net	(6,412)		(7,091)
Long-term debt	276,918		291,441
Current maturities of long-term debt	2,750		0
Long-term debt, less current maturities	274,168		291,441
ABL
Debt Instrument [Line Items]
Long-term debt, gross	23,330	$ 165,000	38,532	$ 125,000
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 260,000		$ 260,000	$ 300,000

Long-Term Debt Long-Term Debt C

Long-Term Debt Long-Term Debt Contractual Maturities (Details) - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018	Nov. 08, 2016
Debt Instrument [Line Items]
Long-term debt, gross	$ 283,330	$ 298,532
Term Loan
Debt Instrument [Line Items]
Fiscal 2019	0
Fiscal 2020	10,250
Fiscal 2021	15,000
Fiscal 2022	15,000
Fiscal 2023	219,750
Long-term debt, gross	$ 260,000	$ 260,000	$ 300,000

Employee and Retiree Benefits S

Employee and Retiree Benefits Schedule of Deferred Compensation Benefits (Details) - USD ($) $ in Thousands	Feb. 23, 2019	Aug. 25, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Non-qualified deferred compensation	$ 14,292	$ 14,831
Supplemental executive retirement plan	2,339	2,309
Executive share option plan	517	935
Executive deferred compensation plan	580	421
Officer stock-based compensation	0	1,528
Deferred compensation benefits	17,728	20,024
Less current portion	3,500	4,742
Deferred compensation benefits, net of current portion	$ 14,228	$ 15,282

Contingent Liabilites and Com_2

Contingent Liabilites and Commitments Repurchase Commitments Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Feb. 23, 2019	Aug. 25, 2018
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Repurchase agreement term	24 months
Accrued loss on repurchases	$ 0.9	$ 0.9
Obligation to Repurchase from Dealers [Member]
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Contingent liability on repurchase agreements	$ 1,039.1	$ 879

Stock-Based Compensation Stock-

Stock-Based Compensation Stock-Based Compensation Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Stockholders' Equity Note [Abstract]
Stock-based compensation	$ 2,100	$ 2,700	$ 4,605	$ 3,553

Restructuring Restructuring (De

Restructuring Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018	Aug. 29, 2020	Aug. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 219	$ 0	$ 219	$ 0
Junction City, OR Production Site [Domain] | Motorhome [Member] | Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					$ 1,000	$ 2,000
Junction City, OR Production Site [Domain] | Motorhome [Member] | Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 219

Income Taxes Income Taxes Narra

Income Taxes Income Taxes Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate	18.40%	29.50%
Income Tax Credits and Adjustments	$ 2.5

Income Per Share Income Per S_2

Income Per Share Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Income Per Share
Net income	$ 21,598	$ 22,088	$ 43,759	$ 40,046
Weighted average shares outstanding	31,577	31,654	31,572	31,634
Dilutive impact of awards and options outstanding	147	200	183	218
Weighted average shares and potential dilutive shares outstanding	31,724	31,854	31,755	31,852
Net income per share - basic (in dollars per share)	$ 0.68	$ 0.70	$ 1.39	$ 1.27
Net income per share - assuming dilution (in dollars per share)	$ 0.68	$ 0.69	$ 1.38	$ 1.26
Employee Stock Option [Member]
Income Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	243	73	212	73

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) Changes in AOCI by component (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ 878	$ (383)	$ 892	$ (1,023)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other comprehensive income before reclassifications	(634)	1,283	(656)	1,917
Amounts reclassified from AOCI	8	7	16	13
Net current-period OCI	(626)	1,290	(640)	1,930
Balance at end of period	252	907	252	907
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(583)	(503)	(591)	(509)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Amounts reclassified from AOCI	8	7	16	13
Net current-period OCI	8	7	16	13
Balance at end of period	(575)	(496)	(575)	(496)
Accumulated Net Gain (Loss) from Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	1,461	120	1,483	(514)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other comprehensive income before reclassifications	(634)	1,283	(656)	1,917
Net current-period OCI	(634)	1,283	(656)	1,917
Balance at end of period	$ 827	$ 1,403	$ 827	$ 1,403

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) Reclassification from AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 23, 2019	Feb. 24, 2018	Feb. 23, 2019	Feb. 24, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	$ 8	$ 7	$ 16	$ 13
Selling, General and Administrative Expenses [Member] | Amortization of net actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss (net of tax of $2, $2, $5, and $6)	$ 8	$ 7	$ 16	$ 13