Thor Industries (THO) 10-Q 6 Dec 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Oct. 31, 2023	Nov. 30, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 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		53,323,337
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000730263
Current Fiscal Year End Date	--07-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Current assets:
Cash and cash equivalents	$ 425,828	$ 441,232
Accounts receivable, trade, net	548,800	543,865
Accounts receivable, other, net	67,819	99,354
Inventories, net	1,714,229	1,653,070
Prepaid income taxes, expenses and other	48,853	56,059
Total current assets	2,805,529	2,793,580
Property, plant and equipment, net	1,377,647	1,387,808
Other assets:
Goodwill	1,768,777	1,800,422
Amortizable intangible assets, net	950,495	996,979
Deferred income tax assets, net	2,586	5,770
Equity investments	130,100	126,909
Other	137,339	149,362
Total other assets	2,989,297	3,079,442
TOTAL ASSETS	7,172,473	7,260,830
Current liabilities:
Accounts payable	748,922	736,275
Current portion of long-term debt	10,952	11,368
Short-term financial obligations	58,820	49,433
Accrued liabilities:
Compensation and related items	203,639	189,324
Product warranties	333,274	345,197
Income and other taxes	100,149	100,631
Promotions and rebates	135,723	163,410
Product, property and related liabilities	43,025	54,720
Dividends payable	25,539	0
Other	56,755	66,124
Total current liabilities	1,716,798	1,716,482
Long-term debt	1,271,877	1,291,311
Deferred income tax liabilities, net	76,498	75,668
Unrecognized tax benefits	15,240	14,835
Other liabilities	168,470	179,136
Total long-term liabilities	1,532,085	1,560,950
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 66,686,498 and 66,344,340 shares, respectively	6,669	6,634
Additional paid-in capital	551,491	539,032
Retained earnings	4,119,589	4,091,563
Accumulated other comprehensive loss, net of tax	(128,471)	(68,547)
Less: Treasury shares of 13,480,026 and 13,030,030, respectively, at cost	(633,817)	(592,667)
Stockholders’ equity attributable to THOR Industries, Inc.	3,915,461	3,976,015
Non-controlling interests	8,129	7,383
Total stockholders’ equity	3,923,590	3,983,398
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,172,473	$ 7,260,830

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Oct. 31, 2023	Jul. 31, 2023
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)	66,686,498	66,344,340
Treasury shares (in shares)	13,480,026	13,030,030

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Net sales	$ 2,500,759	$ 3,108,084
Cost of products sold	2,142,827	2,621,608
Gross profit	357,932	486,476
Selling, general and administrative expenses	217,896	241,624
Amortization of intangible assets	32,344	35,219
Interest expense, net	20,197	22,807
Other income (expense), net	(14,913)	(7,555)
Income before income taxes	72,582	179,271
Income tax provision	17,549	41,848
Net income	55,033	137,423
Less: Net income attributable to non-controlling interests	1,468	1,238
Net income attributable to THOR Industries, Inc.	$ 53,565	$ 136,185
Weighted-average common shares outstanding:
Basic (in shares)	53,295,835	53,656,415
Diluted (in shares)	53,853,719	53,928,751
Earnings per common share:
Basic (in dollars per share)	$ 1.01	$ 2.54
Diluted (in dollars per share)	$ 0.99	$ 2.53
Comprehensive income (loss):
Net income	$ 55,033	$ 137,423
Other comprehensive income (loss), net of tax
Foreign currency translation gain (loss), net of tax	(60,646)	(43,329)
Unrealized gain on derivatives, net of tax	0	804
Total other comprehensive income (loss), net of tax	(60,646)	(42,525)
Total Comprehensive income (loss)	(5,613)	94,898
Less: Comprehensive income (loss) attributable to non-controlling interests	746	804
Comprehensive income (loss) attributable to THOR Industries, Inc.	$ (6,359)	$ 94,094

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash flows from operating activities:
Net income	$ 55,033	$ 137,423
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	34,934	31,774
Amortization of intangible assets	32,344	35,219
Amortization of debt issuance costs	2,872	2,835
Deferred income tax expense (benefit)	2,417	(1,920)
(Gain) loss on disposition of property, plant and equipment	49	(141)
Stock-based compensation expense	10,452	8,392
Changes in assets and liabilities:
Accounts receivable	20,979	131,483
Inventories	(94,527)	(116,151)
Prepaid income taxes, expenses and other	23,839	17,345
Accounts payable	25,150	(141,934)
Accrued liabilities	(46,438)	(8,047)
Long-term liabilities and other	(7,436)	(2,262)
Net cash provided by operating activities	59,668	94,016
Cash flows from investing activities:
Purchases of property, plant and equipment	(38,211)	(55,883)
Proceeds from dispositions of property, plant and equipment	275	2,935
Business acquisitions, net of cash acquired	(4,000)	0
Other	(9,126)	(5,000)
Net cash used in investing activities	(51,062)	(57,948)
Cash flows from financing activities:
Borrowings on revolving asset-based credit facilities	53,449	0
Payments on revolving asset-based credit facilities	(51,925)	(15,000)
Payments on term-loan credit facilities	0	(12,355)
Payments on other debt	(1,767)	(2,714)
Payments on finance lease obligations	(180)	(310)
Purchase of treasury shares	(30,037)	(25,407)
Short-term financial obligations and other, net	11,307	2,537
Net cash used in financing activities	(19,153)	(53,249)
Effect of exchange rate changes on cash and cash equivalents	(4,857)	(2,668)
Net decrease in cash and cash equivalents	(15,404)	(19,849)
Cash and cash equivalents, beginning of period	441,232	311,553
Cash and cash equivalents, end of period	425,828	291,704
Supplemental cash flow information:
Income taxes paid	7,153	17,174
Interest paid	26,203	25,786
Non-cash investing and financing transactions:
Capital expenditures in accounts payable	7,427	2,940
Quarterly dividends payable	$ 25,539	$ 24,081

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Stockholders' equity attributable to Thor	Common Stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury Stock	Non-controlling interests
Beginning balance (in shares) at Jul. 31, 2022			66,059,403
Beginning balance, treasury stock (in shares) at Jul. 31, 2022							12,382,441
Balance at beginning of period, net of tax at Jul. 31, 2022	$ 3,600,654	$ 3,592,862	$ 6,606	$ 497,946	$ 3,813,261	$ (181,607)	$ (543,344)	$ 7,792
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	137,423	136,185			136,185			1,238
Purchase of treasury shares (in shares)							338,733
Purchase of treasury shares	(25,407)	(25,407)					$ (25,407)
Restricted stock unit activity (in shares)			266,732				91,845
Restricted stock unit activity	(3,497)	(3,497)	$ 27	3,241			$ (6,765)
Dividends per common share	(24,081)	(24,081)			(24,081)
Stock-based compensation expense	8,392	8,392		8,392
Other comprehensive income (loss)	(42,525)	(42,091)				(42,091)		(434)
Ending balance (in shares) at Oct. 31, 2022			66,326,135
Ending balance, treasury stock (in shares) at Oct. 31, 2022							12,813,019
Balance at end of period, net of tax at Oct. 31, 2022	$ 3,650,959	3,642,363	$ 6,633	509,579	3,925,365	(223,698)	$ (575,516)	8,596
Beginning balance (in shares) at Jul. 31, 2023			66,344,340
Beginning balance, treasury stock (in shares) at Jul. 31, 2023	13,030,030						13,030,030
Balance at beginning of period, net of tax at Jul. 31, 2023	$ 3,983,398	3,976,015	$ 6,634	539,032	4,091,563	(68,547)	$ (592,667)	7,383
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 55,033	53,565			53,565			1,468
Purchase of treasury shares (in shares)	327,876						327,876
Purchase of treasury shares	$ (30,037)	(30,037)					$ (30,037)
Restricted stock unit activity (in shares)			342,158				122,120
Restricted stock unit activity	(9,071)	(9,071)	$ 35	2,007			$ (11,113)
Dividends per common share	(25,539)	(25,539)			(25,539)
Stock-based compensation expense	10,452	10,452		10,452
Other comprehensive income (loss)	$ (60,646)	(59,924)				(59,924)		(722)
Ending balance (in shares) at Oct. 31, 2023			66,686,498
Ending balance, treasury stock (in shares) at Oct. 31, 2023	13,480,026						13,480,026
Balance at end of period, net of tax at Oct. 31, 2023	$ 3,923,590	$ 3,915,461	$ 6,669	$ 551,491	$ 4,119,589	$ (128,471)	$ (633,817)	$ 8,129

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Equity [Abstract]
Cash dividends, per common share (in dollars per share)	$ 0.48	$ 0.45

Nature of Operations and Accoun

Nature of Operations and Accounting Policies	3 Months Ended
	Oct. 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 primarily 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, 2023 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, 2023. Due to seasonality within the recreational vehicle industry, the impact of the ongoing supply chain disruptions primarily in Europe, inflation and shifting consumer demand on our industry, among other factors, annualizing the results of operations for the three months ended October 31, 2023 would not necessarily be indicative of the results expected for the full fiscal year.

Business Segments

Business Segments	3 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
Business Segments	Business Segments The Company has three reportable segments, all related to recreational vehicles: (1) North American Towable Recreational Vehicles, (2) North American Motorized Recreational Vehicles and (3) European Recreational Vehicles. The operations of the Company's Airxcel and Postle subsidiaries are included in “Other”. Net sales included in Other relate primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Airxcel and Postle sales to the Company’s North American Towable 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 October 31, NET SALES: 2023 2022 Recreational vehicles North American Towable $ 945,454 $ 1,317,806 North American Motorized 711,159 1,123,519 Total North America 1,656,613 2,441,325 European 708,201 504,302 Total recreational vehicles 2,364,814 2,945,627 Other 198,921 232,648 Intercompany eliminations (62,976) (70,191) Total $ 2,500,759 $ 3,108,084 Three Months Ended October 31, INCOME (LOSS) BEFORE INCOME TAXES: 2023 2022 Recreational vehicles North American Towable $ 49,249 $ 111,007 North American Motorized 37,052 124,433 Total North America 86,301 235,440 European 28,767 (6,468) Total recreational vehicles 115,068 228,972 Other, net 9,476 4,745 Corporate (51,962) (54,446) Total $ 72,582 $ 179,271 TOTAL ASSETS: October 31, 2023 July 31, 2023 Recreational vehicles North American Towable $ 1,442,405 $ 1,429,899 North American Motorized 1,269,984 1,268,109 Total North America 2,712,389 2,698,008 European 2,787,150 2,898,175 Total recreational vehicles 5,499,539 5,596,183 Other 1,032,989 1,048,076 Corporate 639,945 616,571 Total $ 7,172,473 $ 7,260,830 DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE: Three Months Ended October 31, 2023 2022 Recreational vehicles North American Towable $ 13,764 $ 15,437 North American Motorized 8,942 8,161 Total North America 22,706 23,598 European 30,397 27,302 Total recreational vehicles 53,103 50,900 Other 13,626 15,648 Corporate 549 445 Total $ 67,278 $ 66,993 Three Months Ended October 31, CAPITAL ACQUISITIONS: 2023 2022 Recreational vehicles North American Towable $ 6,930 $ 21,174 North American Motorized 7,475 19,064 Total North America 14,405 40,238 European 14,760 8,920 Total recreational vehicles 29,165 49,158 Other 8,291 4,812 Corporate 2,735 120 Total $ 40,191 $ 54,090

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Oct. 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 October 31, 2023 2022 Weighted-average common shares outstanding for basic earnings per share 53,295,835 53,656,415 Unvested restricted stock units and performance stock units 557,884 272,336 Weighted-average common shares outstanding assuming dilution 53,853,719 53,928,751 The Company excluded 51,298 and 204,441 unvested restricted stock units and performance stock units that have an antidilutive effect from its calculation of weighted-average common shares outstanding assuming dilution at October 31, 2023 and October 31, 2022, respectively.

Derivatives and Hedging

Derivatives and Hedging	3 Months Ended
	Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging 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 October 31, 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (Loss) recognized in Other Comprehensive Income (Loss), net of tax Interest rate swap agreements (1) $ — $ 746 Total gain (loss) $ — $ 746 (1) Other comprehensive income (loss), net of tax, before reclassification from accumulated other comprehensive income (“AOCI”) was $0 and $854 for the three months ended October 31, 2023 and 2022, respectively. Three Months Ended October 31, 2023 2022 Interest Interest Sales Expense Sales Expense Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ — $ — $ (58) $ — Interest rate swap agreements — — — 108 Gain (Loss) on Derivatives Not Designated as Hedging Instruments Amount of gain (loss) recognized in income, net of tax Foreign currency forward contracts $ 157 $ — $ 828 $ — Commodities swap agreements — — (662) — Interest rate swap agreements — 64 — 254 Total gain (loss) $ 157 $ 64 $ 108 $ 362 As of October 31, 2023 and July 31, 2023 there were no derivative instruments designated as cash flow hedges. The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $35,878 and a fair value liability value of $643 as of October 31, 2023. These other derivative instruments had a notional amount totaling approximately $25,248 and a fair value liability of $932 as of July 31, 2023. For these derivative instruments, changes in fair value are recognized in earnings. 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. Gains, net of tax, included in the foreign currency translation adjustments were $13,409 for the three months ended October 31, 2023 and $9,385 for the three months ended October 31, 2022. There were no amounts reclassified out of AOCI pertaining to the net investment hedge during the three-month periods ended October 31, 2023 or October 31, 2022.

Inventories

Inventories	3 Months Ended
	Oct. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Major classifications of inventories are as follows: October 31, 2023 July 31, 2023 Finished goods – RV $ 252,534 $ 164,456 Finished goods – other 86,533 93,476 Work in process 348,032 313,006 Raw materials 517,116 563,614 Chassis 672,618 681,122 Subtotal 1,876,833 1,815,674 Excess of FIFO costs over LIFO costs (162,604) (162,604) Total inventories, net $ 1,714,229 $ 1,653,070 Of the $1,876,833 and $1,815,674 of inventories at October 31, 2023 and July 31, 2023, $1,267,808 and $1,224,069, respectively, were valued on the first-in, first-out (“FIFO”) method, and $609,025 and $591,605, respectively, were valued on the last-in, first-out (“LIFO”) method.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consists of the following: October 31, 2023 July 31, 2023 Land $ 151,719 $ 147,633 Buildings and improvements 1,047,989 1,038,394 Machinery and equipment 671,351 672,499 Rental vehicles 102,591 99,360 Lease right-of-use assets – operating 45,200 47,969 Lease right-of-use assets – finance 5,331 5,518 Total cost 2,024,181 2,011,373 Less: Accumulated depreciation (646,534) (623,565) Property, plant and equipment, net $ 1,377,647 $ 1,387,808 See Note 15 to the Condensed Consolidated Financial Statements for further information regarding the lease right-of-use assets.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Oct. 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: October 31, 2023 July 31, 2023 Accumulated Accumulated Cost Amortization Cost Amortization Dealer networks/customer relationships $ 1,099,750 $ 542,468 $ 1,112,273 $ 526,327 Trademarks 351,075 99,552 355,560 96,087 Design technology and other intangibles 252,404 110,772 258,868 107,483 Non-compete agreements 1,400 1,342 1,400 1,225 Total amortizable intangible assets $ 1,704,629 $ 754,134 $ 1,728,101 $ 731,122 Estimated future amortization expense is as follows: For the remainder of the fiscal year ending July 31, 2024 $ 96,360 For the fiscal year ending July 31, 2025 116,771 For the fiscal year ending July 31, 2026 105,577 For the fiscal year ending July 31, 2027 96,923 For the fiscal year ending July 31, 2028 89,602 For the fiscal year ending July 31, 2029 and thereafter 445,262 $ 950,495 Changes in the carrying amount of Goodwill by reportable segment for the three months ended October 31, 2023 are summarized as follows: North American Towable North American Motorized European Other Total Net balance as of August 1, 2023 $ 337,883 $ 65,064 $ 965,758 $ 431,717 $ 1,800,422 Fiscal 2024 activity: Goodwill acquired — — — 3,751 3,751 Foreign currency translation — — (35,396) — (35,396) Net balance as of October 31, 2023 $ 337,883 $ 65,064 $ 930,362 $ 435,468 $ 1,768,777 Changes in the carrying amount of Goodwill by reportable segment for the three months ended October 31, 2022 are summarized as follows: North American Towable 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: Measurement period adjustments — — — 4,682 4,682 Foreign currency translation — — (24,879) — (24,879) Net balance as of October 31, 2022 $ 344,975 $ 53,875 $ 868,504 $ 516,600 $ 1,783,954

Equity Investments

Equity Investments	3 Months Ended
	Oct. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	Equity Investments As discussed in Note 8 to the Company’s Consolidated Financial Statements included in the Fiscal 2023 Form 10-K, effective December 30, 2022, the Company formed a joint venture with TechNexus Holdings LLC (“TechNexus”), whereby the Company transferred TH2Connect, LLC d/b/a Roadpass Digital and its associated legal entities to TN-RP Holdings, LLC (“TN-RP”), following which the Company and TechNexus own 100% of the Class A-RP units and Class C-RP units, respectively, issued by TN-RP. 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. 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, and 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. Similarly, the Company holds an additional investment that is also a VIE over which the Company has significant influence. This is also reported as a component of Equity investments in the Condensed Consolidated Balance Sheets. The Company had the following aggregate investment and maximum exposure to loss related to these VIEs: October 31, 2023 July 31, 2023 Carrying amount of investments $ 130,100 $ 126,909 Maximum exposure to loss $ 153,019 $ 161,459 The Company’s share of gains and losses accounted for under the equity method of accounting are included in Other income (expense), net in the Condensed Consolidated Statements of Income and Comprehensive Income. The losses recognized in the three months ended October 31, 2023 were $5,935, and the amounts recognized in the three months ended October 31, 2022 were not material.

Concentration of Risk

Concentration of Risk	3 Months Ended
	Oct. 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 the three-month period ended October 31, 2023 and 15% of the Company’s consolidated net sales for the three-month period ended October 31, 2022. The majority of the sales to this dealer are reported within the North American Towable and North American Motorized reportable segments. This dealer also accounted for 19% and 13% of the Company’s consolidated trade accounts receivable at October 31, 2023 and July 31, 2023, respectively. The loss of this dealer or a deterioration in the liquidity or creditworthiness of this dealer could have a material effect on the Company’s business.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Oct. 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 October 31, 2023 and July 31, 2023 are as follows: Input Level October 31, 2023 July 31, 2023 Cash equivalents Level 1 $ 302,255 $ 286,984 Deferred compensation plan mutual fund assets Level 1 $ 38,496 $ 40,220 Equity investments Level 1 $ 1,235 $ 4,105 Foreign currency forward contract liability Level 2 $ 165 $ — Interest rate swap liability Level 2 $ 808 $ 932 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 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	3 Months Ended
	Oct. 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 October 31, 2023 2022 Beginning balance $ 345,197 $ 317,908 Provision 74,435 89,425 Payments (84,171) (80,141) Foreign currency translation (2,187) (1,479) Ending balance $ 333,274 $ 325,713

Long-Term Debt

Long-Term Debt	3 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The components of long-term debt are as follows: October 31, 2023 July 31, 2023 Term loan $ 740,275 $ 758,094 Senior unsecured notes 500,000 500,000 Unsecured notes 26,548 27,558 Other debt 38,474 41,753 Total long-term debt 1,305,297 1,327,405 Debt issuance costs, net of amortization (22,468) (24,726) Total long-term debt, net of debt issuance costs 1,282,829 1,302,679 Less: Current portion of long-term debt (10,952) (11,368) Total long-term debt, net, less current portion $ 1,271,877 $ 1,291,311 As discussed in Note 13 to the Company’s Consolidated Financial Statements included in the Fiscal 2023 Form 10-K, the Company is a party to a 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”). Effective November 15, 2023, the Company amended its term loan and ABL agreements to extend maturities and lower the applicable margins used to determine the interest rate on the U.S. dollar-denominated term loan tranche. See Note 19 for additional details on these amendments. As of October 31, 2023, the entire outstanding U.S. term loan tranche balance of $271,900 was subject to a Secured Overnight Financing Rate (“SOFR”)-based rate totaling 8.439%. As of July 31, 2023, the entire outstanding U.S. term loan tranche balance of $271,900 was subject to a SOFR-based rate totaling 8.433%. The total interest rate on the October 31, 2023 outstanding Euro term loan tranche balance of $468,375 was 6.94%, and the total interest rate on the July 31, 2023 outstanding Euro term loan tranche of $486,194 was 6.625%. As of October 31, 2023 and July 31, 2023, there were no outstanding ABL borrowings. Availability under the ABL agreement is subject to a borrowing base based on a percentage of applicable eligible receivables and eligible inventory. The unused availability under the ABL is generally available to the Company for general operating purposes, and based on October 31, 2023 eligible receivables and eligible inventory balances and net of amounts drawn, if any, totaled approximately $998,000. As discussed in Note 13 to the Company’s Consolidated Financial Statements included in the Fiscal 2023 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 ($26,548) relate to long-term debt of our European segment. There are two series, 20,000 Euro ($21,238) with an interest rate of 1.945% maturing in March 2025, and 5,000 Euro ($5,310) 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 2.38% to 2.87%. Total contractual gross debt maturities as of October 31, 2023, prior to the November 15, 2023 amendments discussed above and in Note 19, are as follows: For the remainder of the fiscal year ending July 31, 2024 $ 9,073 For the fiscal year ending July 31, 2025 31,895 For the fiscal year ending July 31, 2026 743,337 For the fiscal year ending July 31, 2027 2,602 For the fiscal year ending July 31, 2028 7,975 For the fiscal year ending July 31, 2029 and thereafter 510,415 $ 1,305,297 For the three-month periods ended October 31, 2023 and October 31, 2022, interest expense on the term loan, ABL, Senior Unsecured Notes and other debt facilities totaled $20,327 and $20,179, 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 $2,872 and $2,835, respectively. The fair value of the Company’s term loan debt at October 31, 2023 and July 31, 2023 approximates carrying value. The fair value of the Company’s Senior Unsecured Notes at October 31, 2023 and July 31, 2023 was $406,100 and $430,650, respectively. The fair value of other debt held by the Company approximates carrying value. The fair values of the Company’s long-term debt are primarily estimated using Level 2 inputs as defined by ASC 820, based on quoted prices in markets that are not active.

Provision for Income Taxes

Provision for Income Taxes	3 Months Ended
	Oct. 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 October 31, 2023 was 24.2%. This rate was favorably impacted by certain foreign tax rate differences which include certain interest income not subject to corporate income tax. The favorable foreign rate differential was partially offset by additional tax expense related to the jurisdictional mix of earnings between foreign and domestic operations during the three months ended October 31, 2023. The overall effective income tax rate for the three months ended October 31, 2022 was 23.3%, which was favorably impacted by certain foreign tax rate differences, which include certain interest income not subject to corporate income tax. The favorable foreign rate differential was partially offset by tax expense from the vesting of share-based compensation awards during the three months ended October 31, 2022. Within the next 12 months, the Company does not anticipate any material changes in its unrecognized tax benefits as of October 31, 2023. The Company files income tax returns in the U.S. federal jurisdiction and in many U.S. state and foreign jurisdictions. The Company is currently under exam by certain foreign jurisdictions for fiscal years ended 2016 through 2021. The Company believes it has adequately reserved for its exposure to additional payments for uncertain tax positions in its liability for unrecognized tax benefits.

Contingent Liabilities, Commitm

Contingent Liabilities, Commitments and Legal Matters	3 Months Ended
	Oct. 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 $3,704,564 and $3,893,048 as of October 31, 2023 and July 31, 2023, respectively. The commitment term is generally up to eighteen months. The Company accounts for the guarantee under repurchase agreements of independent dealers’ financing by deferring a portion of the related product sale that represents the estimated fair value of the guarantee at inception. This estimate is based on recent historical experience supplemented by the Company’s assessment of current economic and other conditions affecting its independent dealers. This deferred amount is included in the repurchase and guarantee reserve balances of $13,155 and $12,114 as of October 31, 2023 and July 31, 2023, 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 months ended October 31, 2023 and October 31, 2022 were not material. Based on current market conditions and other conditions affecting its independent dealers, 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, and in management’s opinion, the ultimate disposition of any current legal proceedings or claims against the Company will not 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. A product recall was issued in late fiscal 2021 related to certain purchased parts utilized in certain of our products, and a reserve to cover anticipated costs was established at that time. Beginning in fiscal 2022, the reserve has been adjusted quarterly based on developments involving the recall, including our expectations regarding the extent of vendor reimbursements and the estimated total cost of the recall. The Company has been, and will continue to be, reimbursed for a portion of the costs it will incur related to this recall. In addition, the Company accrued expenses during fiscal 2022 based on developments related to an ongoing investigation by certain German-based authorities regarding the adequacy of historical disclosures of vehicle weight in advertisements and other Company-provided literature in Germany. The Company is fully cooperating with the investigation. In the first quarter of fiscal 2024, the Company recognized $10,000 of income as a component of selling, general and administrative expense from adjustments related to these matters, and in the first quarter of fiscal 2023, the impact of the Company’s adjustments related to these matters was not material. Based on current available information, the Company does not believe there will be a material adverse impact to our future results of operations and cash flows due to these matters.

Leases

Leases	3 Months Ended
	Oct. 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 principally 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-month periods ended October 31, 2023 and October 31, 2022 were as follows: Three Months Ended October 31, 2023 2022 Operating lease cost $ 8,011 $ 6,879 Finance lease cost: Amortization of right-of-use assets 186 186 Interest on lease liabilities 83 105 Total lease cost $ 8,280 $ 7,170 Other information related to leases was as follows: Three Months Ended October 31, Supplemental Cash Flows Information 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,987 $ 6,853 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 914 $ 3,395 Supplemental Balance Sheet Information October 31, 2023 July 31, 2023 Operating leases: Operating lease right-of-use assets $ 45,200 $ 47,969 Operating lease liabilities Other current liabilities $ 10,968 $ 11,238 Other long-term liabilities 34,348 36,775 Total operating lease liabilities $ 45,316 $ 48,013 Finance leases: Finance lease right-of-use assets $ 5,331 $ 5,518 Finance lease liabilities Other current liabilities $ 779 $ 754 Other long-term liabilities 2,517 2,722 Total finance lease liabilities $ 3,296 $ 3,476 October 31, 2023 July 31, 2023 Weighted-average remaining lease term: Operating leases 9.3 years 9.3 years Finance leases 3.6 years 3.8 years Weighted-average discount rate: Operating leases 4.8 % 4.7 % Finance leases 9.7 % 9.7 % Future minimum rental payments required under operating and finance leases as of October 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2024 $ 12,906 $ 796 For the fiscal year ending July 31, 2025 13,343 1,083 For the fiscal year ending July 31, 2026 9,397 1,107 For the fiscal year ending July 31, 2027 6,340 896 For the fiscal year ending July 31, 2028 4,132 58 For the fiscal year ending July 31, 2029 and thereafter 15,898 — Total future lease payments 62,016 3,940 Less: Amount representing interest (16,700) (644) Total reported lease liability $ 45,316 $ 3,296
Leases	Leases The Company has operating leases principally for land, buildings and equipment and has various finance leases for certain land and buildings principally 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-month periods ended October 31, 2023 and October 31, 2022 were as follows: Three Months Ended October 31, 2023 2022 Operating lease cost $ 8,011 $ 6,879 Finance lease cost: Amortization of right-of-use assets 186 186 Interest on lease liabilities 83 105 Total lease cost $ 8,280 $ 7,170 Other information related to leases was as follows: Three Months Ended October 31, Supplemental Cash Flows Information 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,987 $ 6,853 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 914 $ 3,395 Supplemental Balance Sheet Information October 31, 2023 July 31, 2023 Operating leases: Operating lease right-of-use assets $ 45,200 $ 47,969 Operating lease liabilities Other current liabilities $ 10,968 $ 11,238 Other long-term liabilities 34,348 36,775 Total operating lease liabilities $ 45,316 $ 48,013 Finance leases: Finance lease right-of-use assets $ 5,331 $ 5,518 Finance lease liabilities Other current liabilities $ 779 $ 754 Other long-term liabilities 2,517 2,722 Total finance lease liabilities $ 3,296 $ 3,476 October 31, 2023 July 31, 2023 Weighted-average remaining lease term: Operating leases 9.3 years 9.3 years Finance leases 3.6 years 3.8 years Weighted-average discount rate: Operating leases 4.8 % 4.7 % Finance leases 9.7 % 9.7 % Future minimum rental payments required under operating and finance leases as of October 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2024 $ 12,906 $ 796 For the fiscal year ending July 31, 2025 13,343 1,083 For the fiscal year ending July 31, 2026 9,397 1,107 For the fiscal year ending July 31, 2027 6,340 896 For the fiscal year ending July 31, 2028 4,132 58 For the fiscal year ending July 31, 2029 and thereafter 15,898 — Total future lease payments 62,016 3,940 Less: Amount representing interest (16,700) (644) Total reported lease liability $ 45,316 $ 3,296

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Oct. 31, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Total stock-based compensation expense recognized in the three-month periods ended October 31, 2023 and October 31, 2022 for stock-based awards totaled $10,452 and $8,392, respectively. Share Repurchase Program As discussed in Note 17 to the Company’s Consolidated Financial Statements included in the Fiscal 2023 Form 10-K, on December 21, 2021, the Company’s Board of Directors 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. During the three-month period ended October 31, 2023, the Company purchased 327,876 shares of its common stock, at various times in the open market, at a weighted-average price of $91.61 and held them as treasury shares at an aggregate purchase price of $30,037, all from the December 21, 2021 authorization. Since the inception of the December 21, 2021 authorization, the Company has purchased 2,821,651 shares of its common stock, at various times in the open market, at a weighted-average price of $84.05 and held them as treasury shares at an aggregate purchase price of $237,151. As of October 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 $12,849. As of October 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 October 31, 2023, the total remaining amount of the Company’s common stock that may be repurchased under these two authorizations is $461,170.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Oct. 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. 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. All material revenue streams are considered point-in-time. Three Months Ended October 31, NET SALES: 2023 2022 Recreational vehicles North American Towable Travel Trailers $ 619,538 $ 822,869 Fifth Wheels 325,916 494,937 Total North American Towable 945,454 1,317,806 North American Motorized Class A 207,911 404,578 Class C 333,776 490,787 Class B 169,472 228,154 Total North American Motorized 711,159 1,123,519 Total North America 1,656,613 2,441,325 European Motorcaravan 346,511 239,785 Campervan 221,609 139,166 Caravan 64,627 61,615 Other RV-related 75,454 63,736 Total European 708,201 504,302 Total recreational vehicles 2,364,814 2,945,627 Other 198,921 232,648 Intercompany eliminations (62,976) (70,191) Total $ 2,500,759 $ 3,108,084

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Oct. 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 October 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 $ (68,911) $ — $ 364 $ (68,547) $ (2,583) $ (71,130) OCI before reclassifications (59,924) — — (59,924) (722) (60,646) OCI, net of tax for the fiscal year (59,924) — — (59,924) (722) (60,646) AOCI, net of tax $ (128,835) $ — $ 364 $ (128,471) $ (3,305) $ (131,776) Three Months Ended October 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 $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) OCI before reclassifications (42,895) 1,123 — (41,772) (434) (42,206) Income taxes associated with OCI before reclassifications (1) — (269) — (269) — (269) Amounts reclassified from AOCI — (62) — (62) — (62) Income taxes associated with amounts reclassified from AOCI — 12 — 12 — 12 OCI, net of tax for the fiscal year (42,895) 804 — (42,091) (434) (42,525) AOCI, net of tax $ (226,348) $ 1,479 $ 1,171 $ (223,698) $ (2,639) $ (226,337) (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.

Subsequent Event

Subsequent Event	3 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On November 15, 2023, the Company entered into amendments to both its term loan and ABL agreements. Pursuant to the term loan amendments, the applicable margin used to determine the interest rate on U.S. dollar-denominated loans was reduced by 0.25% so that the applicable margin for Alternate Base Rate ("ABR")-based loans is 1.75% and 2.75% for SOFR-based loans. The SOFR credit spread adjustment applicable to U.S. dollar-denominated SOFR-based loans was eliminated. The applicable margin for Euro-denominated EURIBOR-based loans was unchanged. The maturity date for the term loan was extended from February 1, 2026 to November 15, 2030. Covenants and other material provisions of the term loan agreement remain materially unchanged. As of the November 15, 2023 amendment date, the principal amounts outstanding under the term loan agreement were $450,000 on the U.S. dollar-denominated term loan tranche and 330,000 Euro on the Euro-denominated term loan tranche. Pursuant to the ABL amendment, the maturity date for loans under the ABL agreement was extended from September 1, 2026 to November 15, 2028. Maximum availability under the ABL remains at $1,000,000 and there were no borrowings outstanding as of the November 15, 2023 amendment date. The applicable margin, covenants and other material provisions of the ABL remain materially unchanged. As a result of these amendments and associated maturity date extensions, extinguishment accounting under ASC 470-50 will be applied to certain existing capitalized term loan and ABL debt costs. The Company expects to recognize total expense of approximately $20,000 in the second quarter of fiscal 2024 related to these amendments, which will primarily be a non-cash extinguishment charge included in interest expense. In addition, in the second quarter of fiscal 2024 the Company will capitalize applicable financing costs related to these amendments which will be amortized over the remaining term of the amended term loan and ABL agreements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 53,565	$ 136,185

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Oct. 31, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Todd Woelfer [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On October 16, 2023, our Chief Operating Officer, Todd Woelfer, adopted a Rule 10b5-1 trading arrangement (providing for the sale of up to 10,000 shares of Company common stock) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. Mr. Woelfer’s Rule 10b5-1 trading arrangement provides for a mandatory cooling-off period as required by Rule 10b5-1 and is scheduled to expire on December 31, 2024 or such earlier date as of which all of the shares covered by the arrangement have been sold. As of October 31, 2023, Mr. Woelfer held 95,014 shares of Company common stock not subject to trading under his Rule 10b5-1 trading arrangement.
Name	Todd Woelfer
Title	Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	October 16, 2023
Arrangement Duration	442 days
Aggregate Available	10,000

Nature of Operations and Acco_2

Nature of Operations and Accounting Policies (Policies)	3 Months Ended
	Oct. 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 primarily 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, 2023 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, 2023. Due to seasonality within the recreational vehicle industry, the impact of the ongoing supply chain disruptions primarily in Europe, inflation and shifting consumer demand on our industry, among other factors, annualizing the results of operations for the three months ended October 31, 2023 would not necessarily be indicative of the results expected for the full fiscal year.

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Oct. 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 October 31, NET SALES: 2023 2022 Recreational vehicles North American Towable $ 945,454 $ 1,317,806 North American Motorized 711,159 1,123,519 Total North America 1,656,613 2,441,325 European 708,201 504,302 Total recreational vehicles 2,364,814 2,945,627 Other 198,921 232,648 Intercompany eliminations (62,976) (70,191) Total $ 2,500,759 $ 3,108,084 Three Months Ended October 31, INCOME (LOSS) BEFORE INCOME TAXES: 2023 2022 Recreational vehicles North American Towable $ 49,249 $ 111,007 North American Motorized 37,052 124,433 Total North America 86,301 235,440 European 28,767 (6,468) Total recreational vehicles 115,068 228,972 Other, net 9,476 4,745 Corporate (51,962) (54,446) Total $ 72,582 $ 179,271 TOTAL ASSETS: October 31, 2023 July 31, 2023 Recreational vehicles North American Towable $ 1,442,405 $ 1,429,899 North American Motorized 1,269,984 1,268,109 Total North America 2,712,389 2,698,008 European 2,787,150 2,898,175 Total recreational vehicles 5,499,539 5,596,183 Other 1,032,989 1,048,076 Corporate 639,945 616,571 Total $ 7,172,473 $ 7,260,830 DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE: Three Months Ended October 31, 2023 2022 Recreational vehicles North American Towable $ 13,764 $ 15,437 North American Motorized 8,942 8,161 Total North America 22,706 23,598 European 30,397 27,302 Total recreational vehicles 53,103 50,900 Other 13,626 15,648 Corporate 549 445 Total $ 67,278 $ 66,993 Three Months Ended October 31, CAPITAL ACQUISITIONS: 2023 2022 Recreational vehicles North American Towable $ 6,930 $ 21,174 North American Motorized 7,475 19,064 Total North America 14,405 40,238 European 14,760 8,920 Total recreational vehicles 29,165 49,158 Other 8,291 4,812 Corporate 2,735 120 Total $ 40,191 $ 54,090

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Oct. 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 October 31, 2023 2022 Weighted-average common shares outstanding for basic earnings per share 53,295,835 53,656,415 Unvested restricted stock units and performance stock units 557,884 272,336 Weighted-average common shares outstanding assuming dilution 53,853,719 53,928,751

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	3 Months Ended
	Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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 October 31, 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (Loss) recognized in Other Comprehensive Income (Loss), net of tax Interest rate swap agreements (1) $ — $ 746 Total gain (loss) $ — $ 746 (1) Other comprehensive income (loss), net of tax, before reclassification from accumulated other comprehensive income (“AOCI”) was $0 and $854 for the three months ended October 31, 2023 and 2022, respectively. Three Months Ended October 31, 2023 2022 Interest Interest Sales Expense Sales Expense Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ — $ — $ (58) $ — Interest rate swap agreements — — — 108 Gain (Loss) on Derivatives Not Designated as Hedging Instruments Amount of gain (loss) recognized in income, net of tax Foreign currency forward contracts $ 157 $ — $ 828 $ — Commodities swap agreements — — (662) — Interest rate swap agreements — 64 — 254 Total gain (loss) $ 157 $ 64 $ 108 $ 362

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Oct. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Major Classifications of Inventories	Major classifications of inventories are as follows: October 31, 2023 July 31, 2023 Finished goods – RV $ 252,534 $ 164,456 Finished goods – other 86,533 93,476 Work in process 348,032 313,006 Raw materials 517,116 563,614 Chassis 672,618 681,122 Subtotal 1,876,833 1,815,674 Excess of FIFO costs over LIFO costs (162,604) (162,604) Total inventories, net $ 1,714,229 $ 1,653,070

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consists of the following: October 31, 2023 July 31, 2023 Land $ 151,719 $ 147,633 Buildings and improvements 1,047,989 1,038,394 Machinery and equipment 671,351 672,499 Rental vehicles 102,591 99,360 Lease right-of-use assets – operating 45,200 47,969 Lease right-of-use assets – finance 5,331 5,518 Total cost 2,024,181 2,011,373 Less: Accumulated depreciation (646,534) (623,565) Property, plant and equipment, net $ 1,377,647 $ 1,387,808

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Components of Amortizable Intangible Assets	The components of Amortizable intangible assets are as follows: October 31, 2023 July 31, 2023 Accumulated Accumulated Cost Amortization Cost Amortization Dealer networks/customer relationships $ 1,099,750 $ 542,468 $ 1,112,273 $ 526,327 Trademarks 351,075 99,552 355,560 96,087 Design technology and other intangibles 252,404 110,772 258,868 107,483 Non-compete agreements 1,400 1,342 1,400 1,225 Total amortizable intangible assets $ 1,704,629 $ 754,134 $ 1,728,101 $ 731,122
Summary of Estimated Amortization Expense	Estimated future amortization expense is as follows: For the remainder of the fiscal year ending July 31, 2024 $ 96,360 For the fiscal year ending July 31, 2025 116,771 For the fiscal year ending July 31, 2026 105,577 For the fiscal year ending July 31, 2027 96,923 For the fiscal year ending July 31, 2028 89,602 For the fiscal year ending July 31, 2029 and thereafter 445,262 $ 950,495
Schedule of Goodwill	Changes in the carrying amount of Goodwill by reportable segment for the three months ended October 31, 2023 are summarized as follows: North American Towable North American Motorized European Other Total Net balance as of August 1, 2023 $ 337,883 $ 65,064 $ 965,758 $ 431,717 $ 1,800,422 Fiscal 2024 activity: Goodwill acquired — — — 3,751 3,751 Foreign currency translation — — (35,396) — (35,396) Net balance as of October 31, 2023 $ 337,883 $ 65,064 $ 930,362 $ 435,468 $ 1,768,777 Changes in the carrying amount of Goodwill by reportable segment for the three months ended October 31, 2022 are summarized as follows: North American Towable 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: Measurement period adjustments — — — 4,682 4,682 Foreign currency translation — — (24,879) — (24,879) Net balance as of October 31, 2022 $ 344,975 $ 53,875 $ 868,504 $ 516,600 $ 1,783,954

Equity Investments (Tables)

Equity Investments (Tables)	3 Months Ended
	Oct. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The Company had the following aggregate investment and maximum exposure to loss related to these VIEs: October 31, 2023 July 31, 2023 Carrying amount of investments $ 130,100 $ 126,909 Maximum exposure to loss $ 153,019 $ 161,459

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 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 October 31, 2023 and July 31, 2023 are as follows: Input Level October 31, 2023 July 31, 2023 Cash equivalents Level 1 $ 302,255 $ 286,984 Deferred compensation plan mutual fund assets Level 1 $ 38,496 $ 40,220 Equity investments Level 1 $ 1,235 $ 4,105 Foreign currency forward contract liability Level 2 $ 165 $ — Interest rate swap liability Level 2 $ 808 $ 932

Product Warranties (Tables)

Product Warranties (Tables)	3 Months Ended
	Oct. 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 October 31, 2023 2022 Beginning balance $ 345,197 $ 317,908 Provision 74,435 89,425 Payments (84,171) (80,141) Foreign currency translation (2,187) (1,479) Ending balance $ 333,274 $ 325,713

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The components of long-term debt are as follows: October 31, 2023 July 31, 2023 Term loan $ 740,275 $ 758,094 Senior unsecured notes 500,000 500,000 Unsecured notes 26,548 27,558 Other debt 38,474 41,753 Total long-term debt 1,305,297 1,327,405 Debt issuance costs, net of amortization (22,468) (24,726) Total long-term debt, net of debt issuance costs 1,282,829 1,302,679 Less: Current portion of long-term debt (10,952) (11,368) Total long-term debt, net, less current portion $ 1,271,877 $ 1,291,311
Schedule of Maturities of Long-Term Debt	Total contractual gross debt maturities as of October 31, 2023, prior to the November 15, 2023 amendments discussed above and in Note 19, are as follows: For the remainder of the fiscal year ending July 31, 2024 $ 9,073 For the fiscal year ending July 31, 2025 31,895 For the fiscal year ending July 31, 2026 743,337 For the fiscal year ending July 31, 2027 2,602 For the fiscal year ending July 31, 2028 7,975 For the fiscal year ending July 31, 2029 and thereafter 510,415 $ 1,305,297

Leases (Tables)

Leases (Tables)	3 Months Ended
	Oct. 31, 2023
Leases [Abstract]
Summary of Components of Lease Costs	The components of lease costs for the three-month periods ended October 31, 2023 and October 31, 2022 were as follows: Three Months Ended October 31, 2023 2022 Operating lease cost $ 8,011 $ 6,879 Finance lease cost: Amortization of right-of-use assets 186 186 Interest on lease liabilities 83 105 Total lease cost $ 8,280 $ 7,170 Other information related to leases was as follows: Three Months Ended October 31, Supplemental Cash Flows Information 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,987 $ 6,853 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 914 $ 3,395 Supplemental Balance Sheet Information October 31, 2023 July 31, 2023 Operating leases: Operating lease right-of-use assets $ 45,200 $ 47,969 Operating lease liabilities Other current liabilities $ 10,968 $ 11,238 Other long-term liabilities 34,348 36,775 Total operating lease liabilities $ 45,316 $ 48,013 Finance leases: Finance lease right-of-use assets $ 5,331 $ 5,518 Finance lease liabilities Other current liabilities $ 779 $ 754 Other long-term liabilities 2,517 2,722 Total finance lease liabilities $ 3,296 $ 3,476 October 31, 2023 July 31, 2023 Weighted-average remaining lease term: Operating leases 9.3 years 9.3 years Finance leases 3.6 years 3.8 years Weighted-average discount rate: Operating leases 4.8 % 4.7 % Finance leases 9.7 % 9.7 %
Summary of Operating Lease Liability Maturities	Future minimum rental payments required under operating and finance leases as of October 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2024 $ 12,906 $ 796 For the fiscal year ending July 31, 2025 13,343 1,083 For the fiscal year ending July 31, 2026 9,397 1,107 For the fiscal year ending July 31, 2027 6,340 896 For the fiscal year ending July 31, 2028 4,132 58 For the fiscal year ending July 31, 2029 and thereafter 15,898 — Total future lease payments 62,016 3,940 Less: Amount representing interest (16,700) (644) Total reported lease liability $ 45,316 $ 3,296
Summary of Finance Lease Liability Maturities	Future minimum rental payments required under operating and finance leases as of October 31, 2023 were as follows: Operating Leases Finance Leases For the remainder of the fiscal year ending July 31, 2024 $ 12,906 $ 796 For the fiscal year ending July 31, 2025 13,343 1,083 For the fiscal year ending July 31, 2026 9,397 1,107 For the fiscal year ending July 31, 2027 6,340 896 For the fiscal year ending July 31, 2028 4,132 58 For the fiscal year ending July 31, 2029 and thereafter 15,898 — Total future lease payments 62,016 3,940 Less: Amount representing interest (16,700) (644) Total reported lease liability $ 45,316 $ 3,296

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Oct. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue	Three Months Ended October 31, NET SALES: 2023 2022 Recreational vehicles North American Towable Travel Trailers $ 619,538 $ 822,869 Fifth Wheels 325,916 494,937 Total North American Towable 945,454 1,317,806 North American Motorized Class A 207,911 404,578 Class C 333,776 490,787 Class B 169,472 228,154 Total North American Motorized 711,159 1,123,519 Total North America 1,656,613 2,441,325 European Motorcaravan 346,511 239,785 Campervan 221,609 139,166 Caravan 64,627 61,615 Other RV-related 75,454 63,736 Total European 708,201 504,302 Total recreational vehicles 2,364,814 2,945,627 Other 198,921 232,648 Intercompany eliminations (62,976) (70,191) Total $ 2,500,759 $ 3,108,084

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Oct. 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 October 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 $ (68,911) $ — $ 364 $ (68,547) $ (2,583) $ (71,130) OCI before reclassifications (59,924) — — (59,924) (722) (60,646) OCI, net of tax for the fiscal year (59,924) — — (59,924) (722) (60,646) AOCI, net of tax $ (128,835) $ — $ 364 $ (128,471) $ (3,305) $ (131,776) Three Months Ended October 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 $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) OCI before reclassifications (42,895) 1,123 — (41,772) (434) (42,206) Income taxes associated with OCI before reclassifications (1) — (269) — (269) — (269) Amounts reclassified from AOCI — (62) — (62) — (62) Income taxes associated with amounts reclassified from AOCI — 12 — 12 — 12 OCI, net of tax for the fiscal year (42,895) 804 — (42,091) (434) (42,525) AOCI, net of tax $ (226,348) $ 1,479 $ 1,171 $ (223,698) $ (2,639) $ (226,337) (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.

Business Segments - Narrative (

Business Segments - Narrative (Details)	3 Months Ended
	Oct. 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
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 2,500,759	$ 3,108,084
Income (loss) from continuing operations before income taxes	72,582	179,271
Total assets	7,172,473		$ 7,260,830
Depreciation and amortization expense, total	67,278	66,993
Capital acquisitions	40,191	54,090
Operating segments
Segment Reporting Information [Line Items]
Net sales	2,364,814	2,945,627
Income (loss) from continuing operations before income taxes	115,068	228,972
Total assets	5,499,539		5,596,183
Depreciation and amortization expense, total	53,103	50,900
Capital acquisitions	29,165	49,158
Operating segments | North America
Segment Reporting Information [Line Items]
Net sales	1,656,613	2,441,325
Income (loss) from continuing operations before income taxes	86,301	235,440
Total assets	2,712,389		2,698,008
Depreciation and amortization expense, total	22,706	23,598
Capital acquisitions	14,405	40,238
Operating segments | North American Towable Recreational Vehicles | North America
Segment Reporting Information [Line Items]
Net sales	945,454	1,317,806
Income (loss) from continuing operations before income taxes	49,249	111,007
Total assets	1,442,405		1,429,899
Depreciation and amortization expense, total	13,764	15,437
Capital acquisitions	6,930	21,174
Operating segments | North American Motorized Recreational Vehicles | North America
Segment Reporting Information [Line Items]
Net sales	711,159	1,123,519
Income (loss) from continuing operations before income taxes	37,052	124,433
Total assets	1,269,984		1,268,109
Depreciation and amortization expense, total	8,942	8,161
Capital acquisitions	7,475	19,064
Operating segments | European Recreational Vehicles | European
Segment Reporting Information [Line Items]
Net sales	708,201	504,302
Income (loss) from continuing operations before income taxes	28,767	(6,468)
Total assets	2,787,150		2,898,175
Depreciation and amortization expense, total	30,397	27,302
Capital acquisitions	14,760	8,920
Operating segments | Recreational vehicles
Segment Reporting Information [Line Items]
Net sales	2,364,814	2,945,627
Operating segments | Recreational vehicles | North America
Segment Reporting Information [Line Items]
Net sales	1,656,613	2,441,325
Operating segments | Recreational vehicles | European
Segment Reporting Information [Line Items]
Net sales	708,201	504,302
Other, net
Segment Reporting Information [Line Items]
Net sales	198,921	232,648
Income (loss) from continuing operations before income taxes	9,476	4,745
Total assets	1,032,989		1,048,076
Depreciation and amortization expense, total	13,626	15,648
Capital acquisitions	8,291	4,812
Corporate
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	(51,962)	(54,446)
Total assets	639,945		$ 616,571
Depreciation and amortization expense, total	549	445
Capital acquisitions	2,735	120
Intercompany eliminations
Segment Reporting Information [Line Items]
Net sales	$ (62,976)	$ (70,191)

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Earnings Per Common Share (Detail) - shares	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Earnings Per Share [Abstract]
Weighted-average common shares outstanding for basic earnings per share (in shares)	53,295,835	53,656,415
Unvested restricted stock units (in shares)	557,884	272,336
Weighted-average common shares outstanding assuming dilution (in shares)	53,853,719	53,928,751

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details) - shares	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Earnings Per Share [Abstract]
Antidilutive stock options, unvested restricted stock units outstanding (in shares)	51,298	204,441

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Derivative [Line Items]
Foreign currency transaction gain (loss)	$ 13,409,000	$ 9,385,000
Amount reclassified	0	$ 0
Not designated as hedging instrument
Derivative [Line Items]
Derivative notional amount	35,878,000		$ 25,248,000
Derivative liability	$ 643,000		$ 932,000

Derivatives and Hedging - Finan

Derivatives and Hedging - Financial Statement Impact of Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Not designated as hedging instrument
Gain (Loss) recognized in Other Comprehensive Income (Loss), net of tax
Total gain (loss)	$ 0	$ 746
Interest rate swap agreements
Gain (Loss) recognized in Other Comprehensive Income (Loss), net of tax
Other comprehensive income (loss), before reclassification	0	854
Interest rate swap agreements | Not designated as hedging instrument
Gain (Loss) recognized in Other Comprehensive Income (Loss), net of tax
Total gain (loss)	0	746
Sales
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Total gain (loss)	157	108
Sales | Foreign currency forward contracts
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Amount of gain (loss) recognized in income, net of tax	157	828
Sales | Foreign currency forward contracts | Designated as hedging instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	0	(58)
Sales | Commodities swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Amount of gain (loss) recognized in income, net of tax	0	(662)
Sales | Interest rate swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Amount of gain (loss) recognized in income, net of tax	0	0
Sales | Interest rate swap agreements | Designated as hedging instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	0	0
Interest expense
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Total gain (loss)	64	362
Interest expense | Foreign currency forward contracts
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Amount of gain (loss) recognized in income, net of tax	0	0
Interest expense | Foreign currency forward contracts | Designated as hedging instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	0	0
Interest expense | Commodities swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Amount of gain (loss) recognized in income, net of tax	0	0
Interest expense | Interest rate swap agreements
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Amount of gain (loss) recognized in income, net of tax	64	254
Interest expense | Interest rate swap agreements | Designated as hedging instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]
Gain (Loss) Reclassified from AOCI, Net of Tax	$ 0	$ 108

Inventories - Schedule of Major

Inventories - Schedule of Major Classifications of Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Inventory [Line Items]
Work in process	$ 348,032	$ 313,006
Raw materials	517,116	563,614
Chassis	672,618	681,122
Subtotal	1,876,833	1,815,674
Excess of FIFO costs over LIFO costs	(162,604)	(162,604)
Total inventories, net	1,714,229	1,653,070
Recreational vehicles
Inventory [Line Items]
Finished products	252,534	164,456
Other
Inventory [Line Items]
Finished products	$ 86,533	$ 93,476

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Inventory Disclosure [Abstract]
Inventories	$ 1,876,833	$ 1,815,674
Subsidiaries valued inventory in first-in, first-out method	1,267,808	1,224,069
Subsidiaries valued inventory in last-in, first-out method	$ 609,025	$ 591,605

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Property, Plant, Equipment, and ROU Assets [Line Items]
Lease right-of-use assets – operating	$ 45,200	$ 47,969
Lease right-of-use assets – finance	5,331	5,518
Total cost	2,024,181	2,011,373
Less: Accumulated depreciation	(646,534)	(623,565)
Property, plant and equipment, net	1,377,647	1,387,808
Land
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	151,719	147,633
Buildings and improvements
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	1,047,989	1,038,394
Machinery and equipment
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	671,351	672,499
Rental vehicles
Property, Plant, Equipment, and ROU Assets [Line Items]
Property, plant and equipment	$ 102,591	$ 99,360

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Components of Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Cost	$ 1,704,629	$ 1,728,101
Accumulated amortization	754,134	731,122
Dealer networks/customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	1,099,750	1,112,273
Accumulated amortization	542,468	526,327
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	351,075	355,560
Accumulated amortization	99,552	96,087
Design technology and other intangibles
Finite-Lived Intangible Assets [Line Items]
Cost	252,404	258,868
Accumulated amortization	110,772	107,483
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Cost	1,400	1,400
Accumulated amortization	$ 1,342	$ 1,225

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
For the remainder of the fiscal year ending July 31, 2024	$ 96,360
For the fiscal year ending July 31, 2025	116,771
For the fiscal year ending July 31, 2026	105,577
For the fiscal year ending July 31, 2027	96,923
For the fiscal year ending July 31, 2028	89,602
For the fiscal year ending July 31, 2029 and thereafter	445,262
Estimated annual amortization expense, total	$ 950,495	$ 996,979

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,800,422	$ 1,804,151
Goodwill acquired	3,751
Measurement period adjustments		4,682
Foreign currency translation	(35,396)	(24,879)
Goodwill, ending balance	1,768,777	1,783,954
Other
Goodwill [Roll Forward]
Goodwill, beginning balance	431,717	511,918
Goodwill acquired	3,751
Measurement period adjustments		4,682
Foreign currency translation	0	0
Goodwill, ending balance	435,468	516,600
European | Recreational vehicles
Goodwill [Roll Forward]
Goodwill, beginning balance	965,758	893,383
Goodwill acquired	0
Measurement period adjustments		0
Foreign currency translation	(35,396)	(24,879)
Goodwill, ending balance	930,362	868,504
North American Towable | North America | Recreational vehicles
Goodwill [Roll Forward]
Goodwill, beginning balance	337,883	344,975
Goodwill acquired	0
Measurement period adjustments		0
Foreign currency translation	0	0
Goodwill, ending balance	337,883	344,975
North American Motorized | North America | Recreational vehicles
Goodwill [Roll Forward]
Goodwill, beginning balance	65,064	53,875
Goodwill acquired	0
Measurement period adjustments		0
Foreign currency translation	0	0
Goodwill, ending balance	$ 65,064	$ 53,875

Equity Investments - Narrative

Equity Investments - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Dec. 30, 2022
Schedule of Equity Method Investments [Line Items]
Losses from investment	$ 5,935	$ 0
TN-RP Holding LLC | Class C-RP Units | TechNexus
Schedule of Equity Method Investments [Line Items]
Ownership percentage			100%
TN-RP Holding LLC | Class A-RP Units
Schedule of Equity Method Investments [Line Items]
Ownership percentage			100%

Equity Investments - Investment

Equity Investments - Investment and Maximum Loss Exposure (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity investments	$ 130,100	$ 126,909
TN-RP Holding LLC
Schedule of Equity Method Investments [Line Items]
Equity investments	130,100	126,909
Maximum exposure to loss	$ 153,019	$ 161,459

Concentration of Risk (Details)

Concentration of Risk (Details) - Customer concentration risk - Freedom Roads, LLC	3 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage (as a percent)	14%	15%
Accounts receivable
Concentration Risk [Line Items]
Concentration risk percentage (as a percent)	19%		13%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 302,255	$ 286,984
Deferred compensation plan mutual fund assets	38,496	40,220
Equity investments	1,235	4,105
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contract liability	165	0
Interest rate swap liability	$ 808	$ 932

Product Warranties - Additional

Product Warranties - Additional Information (Details)	3 Months Ended
	Oct. 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
	Oct. 31, 2023	Oct. 31, 2022
Product Warranty
Beginning balance	$ 345,197	$ 317,908
Provision	74,435	89,425
Payments	(84,171)	(80,141)
Foreign currency translation	(2,187)	(1,479)
Ending balance	$ 333,274	$ 325,713

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt (Details) € in Thousands, $ in Thousands	Oct. 31, 2023 USD ($)	Oct. 31, 2023 EUR (€)	Jul. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
Total long-term debt	$ 1,305,297		$ 1,327,405
Unsecured notes	26,548	€ 25,000	27,558
Other debt	38,474		41,753
Debt issuance costs, net of amortization	(22,468)		(24,726)
Total long-term debt, net of debt issuance costs	1,282,829		1,302,679
Less: Current portion of long-term debt	(10,952)		(11,368)
Total long-term debt, net, less current portion	1,271,877		1,291,311
Term loan
Line of Credit Facility [Line Items]
Total long-term debt	740,275		758,094
Unsecured Debt | Senior unsecured notes
Line of Credit Facility [Line Items]
Total long-term debt	$ 500,000		$ 500,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) € in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2023 EUR (€)	Jul. 31, 2023 USD ($)	Oct. 14, 2021 USD ($)	Sep. 01, 2021 USD ($)
Line of Credit Facility [Line Items]
Total long-term debt	$ 1,305,297			$ 1,327,405
Unsecured debt	26,548		€ 25,000	27,558
Interest expense	20,327	$ 20,179
Fees to secure the facility, amortized amount	2,872	$ 2,835
Term loan
Line of Credit Facility [Line Items]
Total long-term debt	740,275			758,094
Term loan | US tranche | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Total long-term debt	$ 271,900			$ 271,900
Stated interest rate	8.439%		8.439%	8.433%
Term loan | Euro tranche
Line of Credit Facility [Line Items]
Total long-term debt	$ 468,375			$ 486,194
Effective interest rate	6.94%		6.94%	6.625%
Unsecured Debt | Senior unsecured notes
Line of Credit Facility [Line Items]
Total long-term debt	$ 500,000			$ 500,000
Stated interest rate					4%
Debt aggregate principal amount					$ 500,000
Debt, fair value	$ 406,100			430,650
Unsecured series one debt
Line of Credit Facility [Line Items]
Stated interest rate	1.945%		1.945%
Unsecured debt	$ 21,238		€ 20,000
Unsecured series two debt
Line of Credit Facility [Line Items]
Stated interest rate	2.534%		2.534%
Unsecured debt	$ 5,310		€ 5,000
Other long term debt | Minimum
Line of Credit Facility [Line Items]
Stated interest rate	2.38%		2.38%
Other long term debt | Maximum
Line of Credit Facility [Line Items]
Stated interest rate	2.87%		2.87%
Asset-based credit facility
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing capacity						$ 1,000,000
Line of credit, outstanding amount	$ 0			$ 0
Unused availability under agreement	$ 998,000

Long-Term Debt - Schedule of Ma

Long-Term Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Debt Disclosure [Abstract]
For the remainder of the fiscal year ending July 31, 2024	$ 9,073
For the fiscal year ending July 31, 2025	31,895
For the fiscal year ending July 31, 2026	743,337
For the fiscal year ending July 31, 2027	2,602
For the fiscal year ending July 31, 2028	7,975
For the fiscal year ending July 31, 2029 and thereafter	510,415
Total long-term debt	$ 1,305,297	$ 1,327,405

Provision for Income Taxes (Det

Provision for Income Taxes (Details)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	24.20%	23.30%

Contingent Liabilities, Commi_2

Contingent Liabilities, Commitments and Legal Matters (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Loss Contingencies [Line Items]
Standby repurchase obligations amount	$ 3,704,564		$ 3,893,048
Term of commitments	18 months
Repurchase and guarantee reserve balances	$ 13,155		$ 12,114
Selling, General and Administrative Expenses
Loss Contingencies [Line Items]
Expense recorded related to product recall costs	$ 10	$ 0

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Leases [Abstract]
Operating lease cost	$ 8,011	$ 6,879
Amortization of right-of-use assets	186	186
Interest on lease liabilities	83	105
Total lease cost	$ 8,280	$ 7,170

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 7,987	$ 6,853
Operating leases	$ 914	$ 3,395

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 45,200	$ 47,969
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Operating lease liabilities
Other current liabilities	$ 10,968	$ 11,238
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Other long-term liabilities	$ 34,348	$ 36,775
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total operating lease liabilities	$ 45,316	$ 48,013
Finance lease right-of-use assets	$ 5,331	$ 5,518
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Finance lease liabilities
Other current liabilities	$ 779	$ 754
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Other long-term liabilities	$ 2,517	$ 2,722
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total finance lease liabilities	$ 3,296	$ 3,476
Weighted-aver remaining lease term - operating leases	9 years 3 months 18 days	9 years 3 months 18 days
Weighted-aver remaining lease term - finance leases	3 years 7 months 6 days	3 years 9 months 18 days
Weighted-average discount rate - operating leases	4.80%	4.70%
Weighted-average discount rate - finance leases	9.70%	9.70%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Company's Operating and Finance Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Operating Leases
For the remainder of the fiscal year ending July 31, 2024	$ 12,906
For the fiscal year ending July 31, 2025	13,343
For the fiscal year ending July 31, 2026	9,397
For the fiscal year ending July 31, 2027	6,340
For the fiscal year ending July 31, 2028	4,132
For the fiscal year ending July 31, 2029 and thereafter	15,898
Total future lease payments	62,016
Less: Amount representing interest	(16,700)
Total operating lease liabilities	45,316	$ 48,013
Finance Leases
For the remainder of the fiscal year ending July 31, 2024	796
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	58
For the fiscal year ending July 31, 2029 and thereafter	0
Total future lease payments	3,940
Less: Amount representing interest	(644)
Total reported lease liability	$ 3,296	$ 3,476

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		22 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Jun. 24, 2022	Dec. 21, 2021
Equity, Class of Treasury Stock [Line Items]
Stock-based compensation	$ 10,452	$ 8,392
Purchase of treasury shares (in shares)	327,876		2,821,651
Average price of treasury shares acquired (in dollars per share)	$ 91.61		$ 84.05
Purchase of treasury shares	$ 30,037	$ 25,407	$ 237,151
Remaining authorized repurchase amount	461,170		461,170
December Twenty Twenty One Share Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount					$ 250,000
Remaining authorized repurchase amount	12,849		12,849
June Twenty Twenty Two Share Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount				$ 448,321
Remaining authorized repurchase amount	$ 448,321		$ 448,321

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 2,500,759	$ 3,108,084
Operating segments
Disaggregation of Revenue [Line Items]
Net sales	2,364,814	2,945,627
Operating segments | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	2,364,814	2,945,627
Operating segments | North America
Disaggregation of Revenue [Line Items]
Net sales	1,656,613	2,441,325
Operating segments | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	1,656,613	2,441,325
Operating segments | European | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	708,201	504,302
Operating segments | Travel Trailers | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	619,538	822,869
Operating segments | Fifth Wheels | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	325,916	494,937
Operating segments | North American Towable | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	945,454	1,317,806
Operating segments | Class A | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	207,911	404,578
Operating segments | Class C | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	333,776	490,787
Operating segments | Class B | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	169,472	228,154
Operating segments | North American Motorized | North America | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	711,159	1,123,519
Operating segments | Motorcaravan | European | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	346,511	239,785
Operating segments | Campervan | European | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	221,609	139,166
Operating segments | Caravan | European | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	64,627	61,615
Operating segments | Other RV-related | European | Recreational vehicles
Disaggregation of Revenue [Line Items]
Net sales	75,454	63,736
Other
Disaggregation of Revenue [Line Items]
Net sales	198,921	232,648
Intercompany eliminations
Disaggregation of Revenue [Line Items]
Net sales	$ (62,976)	$ (70,191)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	$ 3,983,398	$ 3,600,654
Total other comprehensive income (loss), net of tax	(60,646)	(42,525)
Balance at end of period, net of tax	3,923,590	3,650,959
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	(68,911)	(183,453)
OCI before reclassifications	(59,924)	(42,895)
Other Comprehensive Income (Loss) before Reclassifications, Tax		0
Amounts reclassified from AOCI		0
Income taxes associated with amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	(59,924)	(42,895)
Balance at end of period, net of tax	(128,835)	(226,348)
Unrealized Gain (Loss) on Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	0	675
OCI before reclassifications	0	1,123
Other Comprehensive Income (Loss) before Reclassifications, Tax		(269)
Amounts reclassified from AOCI		(62)
Income taxes associated with amounts reclassified from AOCI		12
Total other comprehensive income (loss), net of tax	0	804
Balance at end of period, net of tax	0	1,479
Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	364	1,171
OCI before reclassifications	0	0
Other Comprehensive Income (Loss) before Reclassifications, Tax		0
Amounts reclassified from AOCI		0
Income taxes associated with amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	0	0
Balance at end of period, net of tax	364	1,171
AOCI, net of tax, Attributable to THOR
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	(68,547)	(181,607)
OCI before reclassifications	(59,924)	(41,772)
Other Comprehensive Income (Loss) before Reclassifications, Tax		(269)
Amounts reclassified from AOCI		(62)
Income taxes associated with amounts reclassified from AOCI		12
Total other comprehensive income (loss), net of tax	(59,924)	(42,091)
Balance at end of period, net of tax	(128,471)	(223,698)
Non-controlling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	(2,583)	(2,205)
OCI before reclassifications	(722)	(434)
Other Comprehensive Income (Loss) before Reclassifications, Tax		0
Amounts reclassified from AOCI		0
Income taxes associated with amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	(722)	(434)
Balance at end of period, net of tax	(3,305)	(2,639)
Total AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period, net of tax	(71,130)	(183,812)
OCI before reclassifications	(60,646)	(42,206)
Other Comprehensive Income (Loss) before Reclassifications, Tax		(269)
Amounts reclassified from AOCI		(62)
Income taxes associated with amounts reclassified from AOCI		12
Total other comprehensive income (loss), net of tax	(60,646)	(42,525)
Balance at end of period, net of tax	$ (131,776)	$ (226,337)

Subsequent Event (Details)

Subsequent Event (Details) € in Thousands, $ in Thousands		3 Months Ended
	Nov. 15, 2023 USD ($)	Jan. 31, 2024 USD ($)	Nov. 15, 2023 EUR (€)	Oct. 31, 2023 USD ($)	Jul. 31, 2023 USD ($)	Sep. 01, 2021 USD ($)
Subsequent Event [Line Items]
Total long-term debt				$ 1,305,297	$ 1,327,405
Asset-based credit facility
Subsequent Event [Line Items]
Line of credit, maximum borrowing capacity						$ 1,000,000
Term loan				0	0
Subsequent Event | Asset-based credit facility
Subsequent Event [Line Items]
Line of credit, maximum borrowing capacity	$ 1,000,000
Term loan	$ 0
Term loan
Subsequent Event [Line Items]
Total long-term debt				740,275	758,094
Term Loan And Asset Based Credit Facility | Forecast
Subsequent Event [Line Items]
Interest expense, net		$ 20,000
US tranche | Term loan | Subsequent Event
Subsequent Event [Line Items]
Reduction in debt interest rate	0.25%
Total long-term debt	$ 450,000
US tranche | Term loan | Base Rate | Subsequent Event
Subsequent Event [Line Items]
Basis spread on variable rate	1.75%
US tranche | Term loan | Secured Overnight Financing Rate (SOFR)
Subsequent Event [Line Items]
Total long-term debt				271,900	271,900
US tranche | Term loan | Secured Overnight Financing Rate (SOFR) | Subsequent Event
Subsequent Event [Line Items]
Basis spread on variable rate	2.75%
Euro tranche | Term loan
Subsequent Event [Line Items]
Total long-term debt				$ 468,375	$ 486,194
Euro tranche | Term loan | Subsequent Event
Subsequent Event [Line Items]
Total long-term debt | €			€ 330,000