Thor Industries (THO) 10-K 24 Sep 24 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2024	Sep. 16, 2024	Jan. 31, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jul. 31, 2024
Current Fiscal Year End Date	--07-31
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Document Financial Statement Error Correction	false
Entity Public Float			$ 5,761
Entity Common Stock, Shares Outstanding (in shares)		52,931,424
Documents Incorporated by Reference	Portions of the Proxy Statement for the 2024 Annual Meeting of Stockholders are incorporated by reference in Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0000730263

Audit Information

Audit Information	12 Months Ended
	Jul. 31, 2024
Auditor Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	Chicago, Illinois
Auditor Firm ID	34

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Current assets:
Cash and cash equivalents	$ 501,316	$ 441,232
Accounts receivable, trade, net	502,301	543,865
Accounts receivable, other, net	198,594	99,354
Inventories, net	1,366,638	1,653,070
Prepaid income taxes, expenses and other	81,178	56,059
Total current assets	2,650,027	2,793,580
Property, plant and equipment, net	1,390,718	1,387,808
Other assets:
Goodwill	1,786,973	1,800,422
Amortizable intangible assets, net	861,133	996,979
Deferred income tax assets, net	28,414	5,770
Equity investments	137,272	126,909
Other	166,286	149,362
Total other assets	2,980,078	3,079,442
TOTAL ASSETS	7,020,823	7,260,830
Current liabilities:
Accounts payable	628,134	736,275
Current portion of long-term debt	32,650	11,368
Short-term financial obligations	72,051	49,433
Accrued liabilities:
Compensation and related items	185,249	189,324
Product warranties	311,627	345,197
Income and other taxes	74,987	100,631
Promotions and rebates	169,928	163,410
Product, property and related liabilities	32,278	54,720
Other	60,118	66,124
Total current liabilities	1,567,022	1,716,482
Long-term debt	1,101,265	1,291,311
Deferred income tax liabilities, net	74,401	75,668
Unrecognized tax benefits	12,405	14,835
Other liabilities	191,677	179,136
Total long-term liabilities	1,379,748	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 66,859,738 and 66,344,340 shares, respectively	6,686	6,634
Additional paid-in capital	577,015	539,032
Retained earnings	4,254,734	4,091,563
Accumulated other comprehensive (loss), net of tax	(93,706)	(68,547)
Less treasury shares of 13,928,314 and 13,030,030, respectively, at cost	(677,299)	(592,667)
Stockholders’ equity attributable to THOR Industries, Inc.	4,067,430	3,976,015
Non-controlling interests	6,623	7,383
Total stockholders’ equity	4,074,053	3,983,398
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,020,823	$ 7,260,830

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2024	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)	66,859,738	66,344,340
Treasury shares (in shares)	13,928,314	13,030,030

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Income Statement [Abstract]
Net sales	$ 10,043,408	$ 11,121,605	$ 16,312,525
Cost of products sold	8,591,446	9,525,252	13,506,495
Gross profit	1,451,962	1,596,353	2,806,030
Selling, general and administrative expenses	895,531	870,054	1,116,462
Amortization of intangible assets	132,544	140,808	156,946
Interest expense, net	88,666	97,447	90,092
Other income, net	13,623	11,309	17,334
Income before income taxes	348,844	499,353	1,459,864
Income taxes	83,444	125,113	321,621
Net income	265,400	374,240	1,138,243
Less: Net income (loss) attributable to non-controlling interests	92	(31)	439
Net income attributable to THOR Industries, Inc.	$ 265,308	$ 374,271	$ 1,137,804
Weighted-average common shares outstanding:
Basic (in shares)	53,248,488	53,478,310	55,034,653
Diluted (in shares)	53,687,377	53,857,143	55,264,046
Earnings per common share:
Basic (in dollars per share)	$ 4.98	$ 7	$ 20.67
Diluted (in dollars per share)	$ 4.94	$ 6.95	$ 20.59
Comprehensive income:
Net income	$ 265,400	$ 374,240	$ 1,138,243
Other comprehensive income (loss), net of tax
Foreign currency translation gain (loss), net of tax	(25,925)	114,164	(239,038)
Unrealized gain (loss) on derivatives, net of tax	0	(675)	9,330
Other income (loss), net of tax	(86)	(807)	2,047
Total other comprehensive income (loss), net of tax	(26,011)	112,682	(227,661)
Total comprehensive income	239,389	486,922	910,582
Comprehensive (loss) attributable to non-controlling interest	(760)	(409)	(994)
Comprehensive income attributable to THOR Industries, Inc.	$ 240,149	$ 487,331	$ 911,576

Consolidated Statement of Stock

Consolidated Statement of 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, 2021			65,651,570
Beginning balance at Jul. 31, 2021	$ 2,948,106	$ 2,921,843	$ 6,565	$ 460,482	$ 2,770,401	$ 44,621	$ (360,226)	$ 26,263
Beginning balance (in shares) at Jul. 31, 2021							10,285,329
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,138,243	1,137,804			1,137,804			439
Purchase of treasury shares (in shares)							1,944,243
Purchase of treasury shares	(165,107)	(165,107)					$ (165,107)
Restricted stock unit activity (in shares)			407,833				152,869
Restricted stock unit activity	(13,443)	(13,443)	$ 41	4,527			$ (18,011)
Cash dividends per common share	(94,944)	(94,944)			(94,944)
Stock compensation expense	31,421	31,421		31,421
Other comprehensive income (loss)	(227,661)	(226,228)				(226,228)		(1,433)
Dividend paid to non-controlling interest	(555)							(555)
Acquisitions	(15,406)	1,516		1,516				(16,922)
Ending balance (in shares) at Jul. 31, 2022			66,059,403
Ending balance at Jul. 31, 2022	3,600,654	3,592,862	$ 6,606	497,946	3,813,261	(181,607)	$ (543,344)	7,792
Ending balance (in shares) at Jul. 31, 2022							12,382,441
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	374,240	374,271			374,271			(31)
Purchase of treasury shares (in shares)							549,532
Purchase of treasury shares	(42,007)	(42,007)					$ (42,007)
Restricted stock unit activity (in shares)			284,937				98,057
Restricted stock unit activity	(5,714)	(5,714)	$ 28	1,574			$ (7,316)
Cash dividends per common share	(95,969)	(95,969)			(95,969)
Stock compensation expense	39,512	39,512		39,512
Other comprehensive income (loss)	112,682	113,060				113,060		(378)
Ending balance (in shares) at Jul. 31, 2023			66,344,340
Ending balance at Jul. 31, 2023	$ 3,983,398	3,976,015	$ 6,634	539,032	4,091,563	(68,547)	$ (592,667)	7,383
Ending balance (in shares) at Jul. 31, 2023	13,030,030						13,030,030
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 265,400	265,308			265,308			92
Purchase of treasury shares (in shares)	720,997						720,997
Purchase of treasury shares	$ (68,387)	(68,387)					$ (68,387)
Restricted stock unit activity (in shares)			515,398				177,287
Restricted stock unit activity	(16,111)	(16,111)	$ 52	82			$ (16,245)
Cash dividends per common share	(102,137)	(102,137)			(102,137)
Stock compensation expense	37,901	37,901		37,901
Other comprehensive income (loss)	(26,011)	(25,159)				(25,159)		(852)
Ending balance (in shares) at Jul. 31, 2024			66,859,738
Ending balance at Jul. 31, 2024	$ 4,074,053	$ 4,067,430	$ 6,686	$ 577,015	$ 4,254,734	$ (93,706)	$ (677,299)	$ 6,623
Ending balance (in shares) at Jul. 31, 2024	13,928,314						13,928,314

Consolidated Statement of Sto_2

Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Equity [Abstract]
Cash dividends, per common share (in dollars per share)	$ 1.92	$ 1.80	$ 1.72

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities:
Net income	$ 265,400	$ 374,240	$ 1,138,243
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	144,601	136,120	127,507
Amortization of intangibles	132,544	140,808	156,946
Amortization of debt issuance costs and extinguishment charges	18,274	11,455	11,322
Deferred income tax benefit	(24,970)	(34,477)	(51,885)
Gain on disposition of property, plant and equipment	(9,597)	(3,319)	(7,564)
Stock-based compensation expense	37,901	39,512	31,421
Changes in assets and liabilities:
Accounts receivable	(60,153)	313,410	39,247
Inventories	236,916	109,975	(381,543)
Prepaid income taxes, expenses and other	(26,840)	1,052	(13,884)
Accounts payable	(101,910)	(120,684)	(116,608)
Accrued liabilities and other	(85,081)	295	78,385
Long-term liabilities and other	18,463	13,246	(21,471)
Net cash provided by operating activities	545,548	981,633	990,116
Cash flows from investing activities:
Purchases of property, plant and equipment	(139,635)	(208,194)	(242,357)
Proceeds from dispositions of property, plant and equipment	24,927	13,655	16,067
Business acquisitions, net of cash acquired	(7,314)	(6,184)	(781,967)
Other	(24,790)	(21,760)	(41,000)
Net cash used in investing activities	(146,812)	(222,483)	(1,049,257)
Cash flows from financing activities:
Borrowings on term-loan credit facilities	186,723	0	0
Payments on term-loan credit facilities	(340,619)	(402,355)	(332,907)
Borrowings on revolving asset-based credit facilities	113,502	0	660,088
Payments on revolving asset-based credit facilities	(111,555)	(100,000)	(559,035)
Proceeds from issuance of senior unsecured notes	0	0	500,000
Payments on other debt	(11,152)	(11,968)	(11,535)
Payments of debt issuance costs	(10,480)	0	(8,445)
Cash dividends paid	(102,137)	(95,969)	(94,944)
Payments on finance lease obligations	(755)	(1,215)	(1,084)
Purchase of treasury shares	(68,387)	(42,007)	(165,107)
Payments related to vesting of stock-based awards	(16,245)	(7,316)	(18,011)
Other	23,428	25,145	(16,861)
Net cash used in financing activities	(337,677)	(635,685)	(47,841)
Effect of exchange rate changes on cash and cash equivalents	(975)	6,214	(30,171)
Net increase (decrease) in cash and cash equivalents	60,084	129,679	(137,153)
Cash and cash equivalents, beginning of period	501,316	441,232	311,553	$ 448,706
Cash and cash equivalents, end of period	501,316	441,232	311,553	$ 448,706
Supplemental cash flow information:
Income taxes paid	147,126	143,077	380,874
Interest paid	86,421	95,383	74,455
Non-cash investing and financing transactions:
Capital expenditures in accounts payable	$ 5,429	$ 5,447	$ 4,733

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT 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”) by units sold and revenue. The Company manufactures a wide variety of RVs in the United States and Europe and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. Unless the context requires or indicates otherwise, all references to “THOR,” the “Company,” “we,” “our” and “us” refer to THOR Industries, Inc. and its subsidiaries. The Company’s business activities are primarily comprised of three distinct operations, which include the design, manufacture and sale of North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles and European Recreational Vehicles, with the European vehicles including both towable and motorized products as well as other RV-related products and services. Accordingly, the Company has presented financial information for these three segments in Note 3 to the Consolidated Financial Statements. Principles of Consolidation – The accompanying Consolidated Financial Statements include the accounts of THOR Industries, Inc. and its subsidiaries. The Company consolidates all majority-owned subsidiaries, and all intercompany balances and transactions are eliminated upon consolidation. The results of any companies acquired during a year are included in the consolidated financial statements for the applicable year from the effective date of the acquisition. Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Key estimates include the valuation of acquired assets and liabilities, reserves for inventory, incurred but not reported medical claims, warranty claims, dealer promotional accruals, workers’ compensation claims, vehicle repurchases, uncertain tax positions, product and non-product litigation and assumptions made in asset impairment assessments. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable under the circumstances. The Company believes that such estimates are made using consistent and appropriate methods. Actual results could differ from these estimates. Cash and Cash Equivalents – Interest-bearing deposits and other investments with maturities of three months or less when purchased are considered cash equivalents. At July 31, 2024 and July 31, 2023, cash and cash equivalents of $318,918 and $316,401, respectively, were held by one U.S. financial institution. In addition, at July 31, 2024 and July 31, 2023, the equivalent of $90,816 and $68,170, respectively, was held in Euros by one European financial institution. Derivatives – The Company uses derivative financial instruments to manage its risk related to changes in foreign currency exchange rates and interest rates. The Company does not hold derivative financial instruments of a speculative nature or for trading purposes. The Company records all derivatives on the Consolidated Balance Sheet at fair value using available market information and other observable data. See Note 4 to the Consolidated Financial Statements for further discussion. Fair Value of Financial Instruments – The fair value of long-term debt is discussed in Note 13 to the Consolidated Financial Statements. Inventories – Inventories are primarily determined on the first-in, first-out (“FIFO”) basis, with the remainder on the last-in, first-out (“LIFO”) basis. Inventories are stated at the lower of cost or net realizable value, except for inventories determined based on LIFO, which are stated at the lower of cost or market value. Manufacturing costs included in inventory include materials, labor, freight-in and manufacturing overhead. Unallocated overhead and abnormal costs are expensed as incurred. Depreciation – Property, plant and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets as follows: Buildings and improvements – 10 to 39 years Machinery and equipment – 3 to 10 years Rental vehicles – 6 years Depreciation expense is recorded in cost of products sold, except for $24,240, $26,999 and $25,388 in fiscal 2024, 2023 and 2022, respectively, which relates primarily to office buildings and office equipment and is recorded in selling, general and administrative expenses. Business Combinations – The Company accounts for the acquisition of a business using the acquisition method of accounting. Assets acquired and liabilities assumed, including amounts attributed to noncontrolling interests, are recorded at the acquisition date at their fair values. Assigning fair values requires the Company to make significant estimates and assumptions regarding the fair value of identifiable intangible assets, inventory, property, plant and equipment, deferred tax asset valuation allowances, and liabilities, such as uncertain tax positions and contingencies. The Company may refine these estimates, if necessary, over a period not to exceed one year from the acquisition date, by taking into consideration new information that, if known at the acquisition date, would have affected the fair values ascribed to the assets acquired and liabilities assumed. Goodwill – Goodwill results from the excess of purchase price over the net assets of an acquired business. The Company’s reporting units are generally the same as its operating segments, which are identified in Note 3 to the Consolidated Financial Statements. Goodwill is not amortized but is tested for impairment annually as of May 31 of each fiscal year and whenever events or changes in circumstances indicate that an impairment may have occurred. If the carrying amount of a reporting unit exceeds its fair value, an impairment charge equal to that excess is recognized, not to exceed the amount of goodwill allocated to the reporting unit. Long-lived Assets – Long-lived assets, such as property, plant and equipment and identifiable intangibles that are amortized, amongst others, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable from future cash flows. If the carrying value of a long-lived asset or asset group is impaired, an impairment charge is recorded for the amount by which the carrying value of the long-lived asset or asset group exceeds its fair value. Intangible assets consist of trademarks, dealer networks/customer relationships, design technology and non-compete agreements. Trademarks are amortized on a straight-line basis over 15 to 25 years. Dealer networks/customer relationships are amortized on an accelerated basis over 12 to 20 years, with amortization beginning after backlog amortization is completed, if applicable. Design technology and non-compete agreements are amortized using the straight-line method over 2 to 15 years. Product Warranties – Estimated warranty costs are provided at the time of sale of the related products. See Note 12 to the Consolidated Financial Statements for further information. Insurance Reserves – Generally, the Company is self-insured for workers’ compensation, products liability and group medical insurance. Upon the exhaustion of the applicable deductibles or retentions, the Company maintains insurance coverage. Under these plans, liabilities are recognized for claims incurred, including those incurred but not reported. The liability for workers’ compensation claims is determined by the Company with the assistance of a third-party administrator and actuary using various state statutes and historical claims experience. Group medical reserves are estimated using historical claims experience. The Company has established a liability for product liability and personal injury occurrences based on historical data, known cases and actuarial information. Revenue Recognition – Revenue is recognized as performance obligations under the terms of contracts with customers are satisfied. The Company’s recreational vehicle and other sales contracts have a single performance obligation of providing the promised goods (recreational vehicles or component parts, as applicable), which is satisfied when control of the goods is transferred to the customer. For recreational vehicle sales, the Company recognizes revenue when its performance obligation has been satisfied and control of the product is transferred to the dealer, which generally aligns with shipping terms. Shipping terms vary depending on regional contracting practices. U.S. customers primarily contract under FOB shipping point terms. European customers generally contract on ExWorks (“EXW”) incoterms (meaning the seller fulfills its obligation to deliver when it makes goods available at its premises, or another specified location, for the buyer to collect). Under EXW incoterms, the performance obligation is satisfied and control is transferred at the point when the customer is notified that the vehicle is available for pickup. Customers do not have a right of return. Most warranties provided are assurance-type warranties. In addition to recreational vehicle sales, the Company also sells specialized component parts and aluminum extrusions to RV original equipment manufacturers and aftermarket sales through dealers and retailers. The Company’s European recreational vehicle reportable segment also sells accessory items and provides repair services through our two owned dealerships. Each part or item represents a distinct performance obligation satisfied when control of the good is transferred to the customer. Service and repair contracts with customers are short term in nature and are recognized when the service is complete. Revenue is measured as the amount of consideration to which the Company expects to be entitled in exchange for the Company’s products and services. The amount of revenue recognized includes adjustments for any variable consideration, such as sales discounts, sales allowances, promotions, rebates and other sales incentives which are included in the transaction price and allocated to each performance obligation based on the standalone selling price. The Company estimates variable consideration based on the expected value of total consideration to which customers are likely to be entitled to based primarily on historical experience and current market conditions. Included in the estimate is an assessment as to whether any variable consideration is constrained. Revenue estimates are adjusted at the earlier of a change in the expected value of consideration or when the consideration becomes fixed. During fiscal 2024, fiscal 2023 and fiscal 2022, adjustments to revenue from performance obligations satisfied in prior periods, which relate primarily to changes in estimated variable consideration, were immaterial. Amounts billed to customers related to shipping and handling activities are included in net sales. The Company has elected to account for shipping and handling costs as fulfillment activities, and these costs are predominantly included in cost of products sold. We do not disclose information about the transaction price allocated to the remaining performance obligations at period end because our contracts generally have original expected durations of one year or less. In addition, we expense when incurred contract acquisition costs, primarily sales commissions, because the amortization period, which is aligned with the contract term, is one year or less. Advertising Costs – Advertising costs, which consist primarily of trade shows, are expensed as incurred and were $77,029, $66,169 and $55,461 in fiscal 2024, 2023 and 2022, respectively. Foreign Currency – The financial statements of the Company’s foreign operations with a functional currency other than the U.S. dollar are translated into U.S. dollars using the exchange rate at each balance sheet date for assets and liabilities, and, for revenues and expenses, the weighted-average exchange rate for each applicable period, and the resulting translation adjustments are recorded in Accumulated Other Comprehensive (Loss), net of tax. Transaction gains and losses from foreign currency exchange rate changes are recorded in Other income, net in the Consolidated Statements of Income and Comprehensive Income. Repurchase Agreements – The Company is contingently liable under terms of repurchase agreements with financial institutions providing inventory financing for certain independent domestic and foreign dealers of certain of its RV products. See Note 15 to the Consolidated Financial Statements for further information. Income Taxes – The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. Judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements or tax returns. The actual outcome of these future tax consequences could differ from our estimates and have a material impact on our financial position or results of operations. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as the Company has to determine the probability of various possible outcomes. The Company reevaluates these uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit, voluntary settlements and new audit activity. Such a change in recognition or measurement would result in the recognition of a tax benefit or an additional charge to the tax provision. Judgment is required in determining the Company’s provision for income taxes, the Company’s deferred tax assets and liabilities and the valuation allowance recorded against the Company’s deferred tax assets. Valuation allowances must be considered due to the uncertainty of realizing deferred tax assets. The Company assesses whether valuation allowances should be established against our deferred tax assets on a tax jurisdictional basis based on the consideration of all available evidence, including cumulative income over recent periods, using a more likely than not standard. Research and Development – Research and development costs are expensed when incurred and totaled $49,380, $36,592 and $38,998 in fiscal 2024, 2023 and 2022, respectively. Stock-Based Compensation – The Company records compensation expense based on the fair value of stock-based awards, including restricted stock units and performance stock units, on a straight-line basis over the requisite service period, which is generally three years, while some stock-based awards use a graded vesting period. Stock-based compensation expense is recorded net of estimated forfeitures, which is based on historical forfeiture rates over the vesting period of employee awards. Earnings Per Share – Basic earnings per common share (“EPS”) is computed by dividing net income attributable to THOR Industries, Inc. by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net income attributable to THOR Industries, Inc. by the weighted-average number of common shares outstanding assuming dilution. The difference between basic EPS and diluted EPS is the result of unvested restricted stock units and performance stock units as follows: 2024 2023 2022 Weighted-average shares outstanding for basic earnings per share 53,248,488 53,478,310 55,034,653 Unvested restricted stock units and performance stock units 438,889 378,833 229,393 Weighted-average shares outstanding assuming dilution 53,687,377 53,857,143 55,264,046 The Company excludes unvested restricted stock units and performance stock units that have an antidilutive effect from its calculation of weighted-average shares outstanding. Antidilutive unvested restricted stock units and performance stock units excluded from the July 31, 2024, July 31, 2023 and July 31, 2022 calculations were not material. Accounting Pronouncements Recently Issued Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update No. 2023-07 (“ASU 2023-07”) “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which requires additional disclosures about significant segment expenses regularly provided to the Chief Operating Decision Maker. ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023, or the annual report for fiscal 2025 for the Company, and interim periods within fiscal years beginning after December 15, 2024, or interim periods starting in fiscal 2026 for the Company. Early adoption is permitted. We are currently evaluating the impact of ASU 2023-07 on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, requiring enhancements and further transparency to certain income tax disclosures. Under this ASU, entities must disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, ASU 2023-09 requires entities to disclose additional information about income taxes paid. The new standard also eliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. ASU 2023-09 is effective for financial statements for annual periods beginning after December 15, 2024. This ASU is effective for the Company in its fiscal year 2026 beginning on August 1, 2025. Early adoption is permitted. The Company is currently evaluating the potential impact of adopting this guidance on the consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Jul. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	ACQUISITIONS Airxcel On September 1, 2021, the Company acquired Wichita, Kansas-based AirX Intermediate, Inc. (“Airxcel”). Airxcel manufactures a comprehensive line of high-quality component products which are sold primarily to original equipment RV manufacturers as well as consumers via aftermarket sales through dealers and retailers. Airxcel provides industry-leading products in recreational vehicle heating, cooling, ventilation, cooking, window coverings, sidewalls and roofing materials, among others. The total cash consideration paid was subject to the final determination of the actual acquired net working capital as of the close of business on September 1, 2021, which was finalized in the second quarter of fiscal 2022. The final cash consideration was $745,279, net of cash acquired. The following table summarizes the final fair values of the Airxcel net assets acquired on the acquisition date. Cash $ 23,404 Inventory 71,150 Other assets 62,657 Property, plant and equipment 40,518 Amortizable intangible assets: Customer relationships 284,000 Trademarks 56,900 Design technology assets 60,600 Backlog 700 Goodwill 372,608 Current liabilities (115,535) Deferred income tax liabilities (77,086) Other liabilities (10,494) Non-controlling interest (739) Total fair value of net assets acquired 768,683 Less: Cash acquired (23,404) Total cash consideration for acquisition, less cash acquired $ 745,279 On the acquisition date, amortizable intangible assets had a weighted-average useful life of 18.3 years. The customer relationships were valued based on the Discounted Cash Flow Method and are being amortized on an accelerated basis over 20 years. The trademarks were valued on the Relief from Royalty Method and are being amortized on a straight-line basis over 20 years. The design technology assets were valued on the Relief from Royalty Method and are being amortized on a straight-line basis over 10 years. Backlog was valued based on the Discounted Cash Flow Method and was amortized on a straight-line basis over two months. The majority of the goodwill recognized as a result of this transaction is not deductible for tax purposes. Pro forma Information The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2022 acquisition of Airxcel had occurred at the beginning of fiscal 2021. The disclosure of pro forma net sales and earnings does not purport to indicate the results that would actually have been obtained had the acquisitions been completed on the assumed dates for the periods presented, or which may be realized in the future. The unaudited pro forma information does not reflect any operating efficiencies or cost savings that may have been realized from the integration of these acquisitions. Fiscal 2022 Net sales $ 16,359,983 Net income attributable to THOR Industries, Inc. $ 1,144,617 Basic earnings per common share $ 20.80 Diluted earnings per common share $ 20.71

BUSINESS SEGMENTS

BUSINESS SEGMENTS	12 Months Ended
	Jul. 31, 2024
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 North American Towable Recreational Vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (towable), Heartland (including Cruiser RV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen), and KZ (including Venture RV). The North American Motorized Recreational Vehicle reportable segment consists of the following operating segments that have been aggregated: Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach), Thor Motor Coach and Tiffin Group (namely, Tiffin Motorhomes, Inc.). The European Recreational Vehicles reportable segment consists solely of the EHG business. EHG manufactures a full line of towable and motorized recreational vehicles, including caravans, motorcaravans, urban vehicles and campervans in eight primary RV production locations within Europe. EHG produces and sells numerous brands primarily within Europe, including Buccaneer, Buerstner, Carado, CrossCamp, Dethleffs, Elddis, Eriba, Etrusco, Hymer, Laika, LMC, Niesmann+Bischoff, Sunlight and Xplore. In addition, EHG’s operations include other RV-related products and services. The operations of the Company’s Postle and Airxcel subsidiaries are included in “Other”, along with the operations of Roadpass Digital through December 30, 2022 as discussed in Note 8 to the Consolidated Financial Statements. Net sales included in Other related primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations primarily adjust for Postle and Airxcel sales to the Company’s North American Towables and North American Motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of products to third parties. Total assets include those assets used in the operation of each reportable and non-reportable segment, and the Corporate assets consist primarily of cash and cash equivalents, deferred income taxes, deferred compensation plan assets, equity and other investments and certain Corporate real estate holdings primarily utilized by THOR’s U.S.-based operating subsidiaries. 2024 2023 2022 NET SALES: Recreational vehicles North American Towable $ 3,679,671 $ 4,202,628 $ 8,661,945 North American Motorized 2,445,850 3,314,170 3,979,647 Total North America 6,125,521 7,516,798 12,641,592 European 3,364,980 3,037,147 2,887,453 Total recreational vehicles 9,490,501 10,553,945 15,529,045 Other 781,927 777,639 1,225,824 Intercompany eliminations (229,020) (209,979) (442,344) Total $ 10,043,408 $ 11,121,605 $ 16,312,525 INCOME (LOSS) BEFORE INCOME TAXES: Recreational vehicles North American Towable $ 169,232 $ 237,123 $ 1,050,536 North American Motorized 126,496 255,207 436,604 Total North America 295,728 492,330 1,487,140 European 231,377 179,625 87,116 Total recreational vehicles 527,105 671,955 1,574,256 Other, net 45,299 36,965 110,798 Corporate (223,560) (209,567) (225,190) Total $ 348,844 $ 499,353 $ 1,459,864 2024 2023 TOTAL ASSETS: Recreational vehicles North American Towable $ 1,290,117 $ 1,429,899 North American Motorized 1,077,808 1,268,109 Total North America 2,367,925 2,698,008 European 2,871,316 2,898,175 Total recreational vehicles 5,239,241 5,596,183 Other, net 1,058,842 1,048,076 Corporate 722,740 616,571 Total $ 7,020,823 $ 7,260,830 2024 2023 2022 DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE: Recreational vehicles North American Towable $ 54,716 $ 60,880 $ 65,260 North American Motorized 34,789 32,639 29,088 Total North America 89,505 93,519 94,348 European 126,831 121,464 131,518 Total recreational vehicles 216,336 214,983 225,866 Other, net 58,233 60,172 56,855 Corporate 2,576 1,773 1,732 Total $ 277,145 $ 276,928 $ 284,453 CAPITAL ACQUISITIONS: Recreational vehicles North American Towable $ 16,938 $ 63,898 $ 72,892 North American Motorized 16,329 42,902 36,321 Total North America 33,267 106,800 109,213 European 70,497 65,745 97,328 Total recreational vehicles 103,764 172,545 206,541 Other, net 26,108 34,190 33,162 Corporate 9,745 2,173 858 Total $ 139,617 $ 208,908 $ 240,561 DESTINATION OF NET SALES BY GEOGRAPHIC REGION: United States $ 6,190,597 $ 7,444,023 $ 12,235,760 Germany 2,023,566 1,816,282 1,728,565 Other Europe 1,343,081 1,220,158 1,158,563 Canada 435,839 587,559 1,132,788 Other foreign 50,325 53,583 56,849 Total $ 10,043,408 $ 11,121,605 $ 16,312,525 2024 2023 PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION: United States $ 787,696 $ 806,230 Germany 448,182 433,136 Other Europe 137,588 139,188 Other 17,252 9,254 Total $ 1,390,718 $ 1,387,808

DERIVATIVES AND HEDGING

DERIVATIVES AND HEDGING	12 Months Ended
	Jul. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING	DERIVATIVES AND HEDGING At times, the Company uses interest rate swap agreements, foreign currency forward contracts and certain non-derivative financial instruments to help manage its risks associated with foreign currency exchange rates and interest rates. The Company records derivatives as assets and liabilities on the balance sheet at fair value. Changes in the fair value of derivative instruments are recognized in earnings unless the derivative qualifies and is designated as a hedge. Cash flows from derivatives are classified in the Consolidated Statements of Cash Flows in the same category as the cash flows from the items subject to designated hedge or undesignated (economic) hedge relationships. The Company evaluates hedge effectiveness at inception and on an ongoing basis. If a derivative is no longer expected to be effective, hedge accounting is discontinued. As of July 31, 2024 and July 31, 2023 there were no derivative instruments designated as hedges, except for the net investment hedge discussed below. Net Investment Hedge The Company designates its outstanding Euro-denominated term loan tranche as a hedge of foreign currency exposures related to investments the Company has in certain Euro-denominated functional currency subsidiaries. The foreign currency transaction gains and losses on the Euro-denominated portion of the term loan are included as a component of the foreign currency translation adjustment. Gains (losses), net of tax, included in the foreign currency translation adjustment were $7,375, $(27,211), and $62,244 for the fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022, respectively. There were no amounts reclassified out of accumulated other comprehensive (loss) pertaining to the net investment hedge during the fiscal years ended July 31, 2024, 2023 and 2022. Derivatives Not Designated as Hedging Instruments The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $22,333 and a fair value liability of $1,137 as of July 31, 2024. 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. The total amounts presented in the Consolidated Statements of Income and Comprehensive Income due to changes in the fair value of the following derivative instruments for the fiscal years ended July 31, 2024, 2023 and 2022 are as follows: 2024 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (loss) recognized in Other comprehensive income (loss), net of tax Foreign currency forward contracts $ — $ — $ 6 Interest rate swap agreements (1) — (675) 9,324 Total gain (loss) $ — $ (675) $ 9,330 (1) Other comprehensive income, net of tax, before reclassification from AOCI was $0, $702 and $3,626 for fiscal years 2024, 2023 and 2022, respectively. 2024 Sales Interest (Loss) on Derivatives Not Designated as Hedging Instruments Amount of (loss) recognized in income, net of tax Foreign currency forward contracts $ (962) $ — Interest rate swap agreements — (160) Total (loss) $ (962) $ (160) 2023 Sales Interest Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ (58) $ — Interest rate swap agreements — 1,377 Gain (Loss) on Derivatives Not Designated as Hedging Instruments Amount of gain (loss) recognized in income, net of tax Foreign currency forward contracts 2,742 — Commodities swap agreements (2,229) — Interest rate swap agreements — 167 Total gain (loss) $ 455 $ 1,544 2022 Sales Interest Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ (723) $ — Interest rate swap agreements — (5,698) Gain (Loss) on Derivatives Not Designated as Hedging Instruments Amount of gain (loss) recognized in income, net of tax Interest rate swap agreements — 428 Total gain (loss) $ (723) $ (5,270)

INVENTORIES

INVENTORIES	12 Months Ended
	Jul. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Major classifications of inventories are as follows: July 31, 2024 July 31, 2023 Finished goods – RV $ 249,949 $ 164,456 Finished goods – other 91,371 93,476 Work in process 261,043 313,006 Raw materials 434,165 563,614 Chassis 478,220 681,122 Subtotal 1,514,748 1,815,674 Excess of FIFO costs over LIFO costs (148,110) (162,604) Total inventories, net $ 1,366,638 $ 1,653,070

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following: July 31, 2024 July 31, 2023 Land $ 151,164 $ 147,633 Buildings and improvements 1,053,812 1,038,394 Machinery and equipment 738,535 672,499 Rental vehicles 126,794 99,360 Lease right-of-use assets – operating 43,139 47,969 Lease right-of-use assets – finance 4,772 5,518 Total cost 2,118,216 2,011,373 Less: Accumulated depreciation (727,498) (623,565) Property, plant and equipment, net $ 1,390,718 $ 1,387,808 See Note 16 to the Consolidated Financial Statements for further information regarding the lease right-of-use assets.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	12 Months Ended
	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	INTANGIBLE ASSETS AND GOODWILL The components of Amortizable intangible assets are as follows: July 31, 2024 July 31, 2023 Cost Accumulated Cost Accumulated Dealer networks/customer relationships $ 1,107,396 $ 610,106 $ 1,112,273 $ 526,327 Trademarks 353,435 114,272 355,560 96,087 Design technology and other intangibles 258,260 133,580 258,868 107,483 Non-compete agreements 1,400 1,400 1,400 1,225 Total amortizable intangible assets $ 1,720,491 $ 859,358 $ 1,728,101 $ 731,122 Estimated annual amortization expense is as follows: For the fiscal year ending July 31, 2025 $ 118,489 For the fiscal year ending July 31, 2026 107,233 For the fiscal year ending July 31, 2027 98,525 For the fiscal year ending July 31, 2028 89,691 For the fiscal year ending July 31, 2029 74,378 For the fiscal year ending July 31, 2030 and thereafter 372,817 $ 861,133 The Company completed its annual Goodwill impairment test for fiscal 2024 as of May 31, 2024, and no impairment was identified. There were no impairments of goodwill during fiscal 2023 or 2022. Changes in the carrying amount of Goodwill by reportable segment as of July 31, 2024 and July 31, 2023 are summarized as follows: North North European Other Total Net balance as of July 31, 2022 $ 344,975 $ 53,875 $ 893,383 $ 511,918 $ 1,804,151 Fiscal year 2023 activity: Goodwill acquired 4,097 — — — 4,097 Measurement period adjustments — — — 4,682 4,682 Foreign currency translation and other (11,189) 11,189 72,375 — 72,375 Deconsolidation of Roadpass Digital — — — (84,883) (84,883) Net balance as of July 31, 2023 $ 337,883 $ 65,064 $ 965,758 $ 431,717 $ 1,800,422 Fiscal year 2024 activity: Goodwill acquired — — — 3,635 3,635 Foreign currency translation and other — — (17,084) — (17,084) Net balance as of July 31, 2024 $ 337,883 $ 65,064 $ 948,674 $ 435,352 $ 1,786,973 The components of the goodwill balances by reportable segment as of July 31, 2024 and July 31, 2023 are summarized as follows: North North European Other Total Goodwill $ 348,032 $ 82,316 $ 948,674 $ 435,352 $ 1,814,374 Accumulated impairment charges (10,149) (17,252) — — (27,401) Net balance as of July 31, 2024 $ 337,883 $ 65,064 $ 948,674 $ 435,352 $ 1,786,973 North North European Other Total Goodwill $ 348,032 $ 82,316 $ 965,758 $ 431,717 $ 1,827,823 Accumulated impairment charges (10,149) (17,252) — — (27,401) Net balance as of July 31, 2023 $ 337,883 $ 65,064 $ 965,758 $ 431,717 $ 1,800,422

EQUITY INVESTMENTS

EQUITY INVESTMENTS	12 Months Ended
	Jul. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
EQUITY INVESTMENTS	EQUITY INVESTMENTS Effective December 30, 2022, the Company entered into a Subscription and Contribution Agreement with TechNexus Holdings LLC (“TechNexus”), whereby the Company transferred TH2Connect, LLC d/b/a Roadpass Digital (“Roadpass Digital”) and its associated legal entities to TN-RP Holdings, LLC (“TN-RP”), a new legal entity formed by TechNexus, in a non-cash transaction following which the Company and TechNexus own 100% of the Class A-RP units and Class C-RP units, respectively, issued by TN-RP. The Company also simultaneously entered into an Operating Agreement with TechNexus related to TN-RP whereby TechNexus manages the day-to-day operations of TN-RP subject to certain protective rights maintained by the Company. The rights and privileges of the Company and TechNexus as unit holders of TN-RP are governed by the terms of the Operating Agreement, which includes provisions for distributions during its existence and at dissolution. As a result of the December 30, 2022 agreements and the factors noted above, the Company no longer had a controlling financial interest in Roadpass Digital which resulted in the deconsolidation of Roadpass Digital subsequent to December 30, 2022. The Company’s investment in TN-RP was valued at approximately $105,600 as of the agreement date based on the Discounted Cash Flow Method and Option Pricing Model. This fair value measurement includes significant management judgment, particularly estimates of future cash flows based on revenues and margins that TN-RP is forecasted to generate in the future, terminal value assumptions and discount rates developed using market observable inputs and consideration of risks regarding future performance. Additionally, the Option Pricing Model further utilized estimates related to volatility, incorporating a selection of guideline public companies, and expected time to exit. The Discounted Cash Flow Method and Option Pricing Model both used level 3 inputs as defined by ASC 820. The derecognition of the Roadpass Digital net assets and recognition of the Company’s investment in TN-RP resulted in an immaterial gain that the Company recognized in Other income, net, in the Consolidated Statements of Income and Comprehensive Income in fiscal 2023. 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 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 Consolidated Balance Sheets. The Company had the following aggregate investment and maximum exposure to loss related to these VIEs: July 31, 2024 July 31, 2023 Carrying amount of equity investments $ 137,272 $ 126,909 Maximum exposure to loss $ 144,047 $ 161,459 The Company’s share of gains and losses accounted for under the equity method of accounting are included in Other income, net in the Consolidated Statements of Income and Comprehensive Income. The losses recognized in fiscal year ended July 31, 2024 and July 31, 2023 were $13,106 and $10,130, respectively.

CONCENTRATION OF RISK

CONCENTRATION OF RISK	12 Months Ended
	Jul. 31, 2024
Risks and Uncertainties [Abstract]
CONCENTRATION OF RISK	CONCENTRATION OF RISK One dealer, FreedomRoads, LLC, accounted for approximately 14% of the Company’s consolidated net sales in fiscal 2024 and for approximately 13% in both fiscal 2023 and fiscal 2022. Sales to this dealer are reported within both the North American Towable and North American Motorized segments. This dealer also accounted for approximately 10% of the Company’s consolidated trade accounts receivable at July 31, 2024 and approximately 13% at July 31, 2023. The loss of this dealer could have a material effect on the Company’s business.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Jul. 31, 2024
Postemployment Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Substantially all non-highly compensated U.S. employees are eligible to participate in a 401(k) plan. The Company may make discretionary contributions to the 401(k) plan according to a matching formula determined by each operating subsidiary. Total expense for the plan was $4,840 in fiscal 2024, $5,179 in fiscal 2023 and $4,848 in fiscal 2022. The Company has established a deferred compensation plan for highly compensated U.S. employees who are not eligible to participate in a 401(k) plan. This plan allows participants to defer a portion of their compensation and the Company then invests the funds in a combination of corporate-owned life insurance (“COLI”) and mutual fund investments held by the Company. The employee deferrals and the results and returns of the investments selected by the participants, which totaled $130,218 at July 31, 2024 and $110,043 at July 31, 2023, are recorded as Other long-term liabilities in the Consolidated Balance Sheets. Investments held by the Company are accounted for at cash surrender value for COLI and at fair value for mutual fund investments. Both types of company-owned assets, which in total approximate the same value as the plan liabilities, are reported as Other long-term assets on the Consolidated Balance Sheets. Changes in the value of the plan assets are reflected within Other income, net on the Consolidated Statements of Income and Comprehensive Income. Changes in the value of the liability are reflected within Selling, general and administrative expenses on the Consolidated Statements of Income and Comprehensive Income. The Company does not make matching contributions to the deferred compensation plan.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Jul. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company assesses the inputs used to measure the fair value of certain assets and liabilities using a three-level hierarchy, as prescribed in ASC 820, “Fair Value Measurements and Disclosures,” as defined below: • Level 1 inputs include quoted prices in active markets for identical assets or liabilities and are the most observable. • Level 2 inputs include inputs other than Level 1 that are either directly or indirectly observable, such as quoted market prices for similar but not identical assets or liabilities, quoted prices in inactive markets or other inputs that can be corroborated by observable market data. • Level 3 inputs are not observable, are supported by little or no market activity and include management’s judgments about the assumptions market participants would use in pricing the asset or liability. The financial assets and liabilities that were accounted for at fair value on a recurring basis at July 31, 2024 and July 31, 2023 are as follows: Input Level July 31, 2024 July 31, 2023 Cash equivalents Level 1 $ 310,210 $ 286,984 Deferred compensation plan mutual fund assets Level 1 $ 28,985 $ 40,220 Equity investments Level 1 $ 1,169 $ 4,105 Interest rate swap liabilities, net Level 2 $ 1,137 $ 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 Consolidated Balance Sheets. Deferred compensation plan assets accounted for at fair value are investments in securities (primarily mutual funds) traded in an active market held for the benefit of certain employees of the Company as part of a deferred compensation plan. Additional plan investments in corporate-owned life insurance are recorded at their cash surrender value, not fair value, and therefore are not included above. Equity investments represent certain stock investments that are publicly traded in an active market. The fair value of interest rate swaps is determined by discounting the estimated future cash flows based on the applicable observable yield curves.

PRODUCT WARRANTY

PRODUCT WARRANTY	12 Months Ended
	Jul. 31, 2024
Guarantees and Product Warranties [Abstract]
PRODUCT WARRANTY	PRODUCT WARRANTY The Company generally provides retail customers of its products with a one Changes in our product warranty liabilities during the indicated periods are as follows: 2024 2023 2022 Beginning balance $ 345,197 $ 317,908 $ 267,620 Provision 290,491 347,588 339,009 Payments (323,094) (324,042) (290,407) Acquisitions — — 9,828 Foreign currency translation (967) 3,743 (8,142) Ending balance $ 311,627 $ 345,197 $ 317,908

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The components of long-term debt are as follows: July 31, 2024 July 31, 2023 Term loan $ 594,361 $ 758,094 Senior unsecured notes 500,000 500,000 Unsecured notes 27,070 27,558 Other debt 29,848 41,753 Total long-term debt 1,151,279 1,327,405 Debt issuance costs, net of amortization (17,364) (24,726) Total long-term debt, net of debt issuance costs 1,133,915 1,302,679 Less: Current portion of long-term debt (32,650) (11,368) Total long-term debt, net, less current portion $ 1,101,265 $ 1,291,311 The Company is a party to a seven-year term loan (“term loan”) agreement, which includes both a United States dollar-denominated term loan tranche (“USD term loan”) and a Euro-denominated term loan tranche (“Euro term loan”) and a five-year asset-based credit facility (“ABL”). Since originally entering these loans on February 1, 2019, the Company has entered into various amendments to extend maturities, lower interest rates and make other minor modifications. Key provisions of the current agreements and the nature of recent amendments are described below. During the quarter ended July 31, 2023, amendments were made to the term loan and ABL to transition the reference rate for loans denominated in U.S. dollars from LIBOR to the term Secured Overnight Financing Rate (“SOFR”). This transition included a spread adjustment of 11.448 basis points to be added to the SOFR reference rate for USD term loan borrowings (which was subsequently eliminated with the November 15, 2023 amendment) and 10 basis points to be added to the SOFR reference rate for U.S. dollar ABL borrowings. These amendments only modified contract terms related to the reference rate change. In accordance with the optional expedients available under ASU No. 2020-04, these amendments were accounted for as not substantial changes. On November 15, 2023, the Company entered into amendments to both its term loan and ABL agreements to extend maturities and lower the applicable margins used to determine the interest rate on the USD term loan. Pursuant to the November 15, 2023 term loan amendments, the applicable margin used to determine the interest rate on USD term loan was reduced by 0.25% so that the applicable margin for Alternate Base Rate (“ABR”)-based loans was 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 of 3.00% was not changed with this amendment. 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 were not materially changed. 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. The applicable margin, covenants and other material provisions of the ABL remain materially unchanged. The November 15, 2023 debt amendments noted above were evaluated on a creditor-by-creditor basis pursuant to the requirements in ASC 470-50 related to syndicated loan arrangements. Extinguishment accounting was applied to the creditors that were deemed to have a substantial difference in terms based on an analysis of the present values of cash flows before and after the amendments. As a result of this analysis, the Company recorded expense of $14,741 in the second quarter of fiscal 2024. $7,566 of this $14,741 expense was classified as interest expense in the Company’s Condensed Consolidated Statements of Income and Comprehensive Income and primarily represents extinguishment charges, while the remaining $7,175 was classified as administrative expense and primarily represents third-party costs attributed to the modified loans. In addition, during the second quarter of fiscal 2024 the Company capitalized qualifying financing-related costs of $10,480 related to these amendments which will be amortized over the remaining term of the amended agreements subject to acceleration for early term loan principal payments. On July 1, 2024, the Company entered into an amendment to the term loan to modify the applicable margins used to determine the interest rate on both the USD term loan and the Euro term loan. USD term loan interest under the amended agreement was reduced by 0.50% so that the applicable margin for ABR-based loans is now 1.25% and for SOFR-based loans is 2.25%. The applicable margin for the Euro term loan was also reduced by 0.25% so that the applicable margin for the EURIBOR-based loans is 2.75%. The November 15, 2030 maturity date for the term loan remains unchanged. The covenants and other provisions of the Credit Agreement remain unchanged. The costs associated with this repricing amendment were not material. Under the term loan, required annual principal payments of 1.00% of the November 15, 2023 term loan balance are payable quarterly in 0.25% installments starting on May 1, 2024. As of July 31, 2024, however, the Company had made sufficient payments on the USD term loan and Euro term loan to fulfill all future annual principal payment requirements over the term of the loan. The Company must make mandatory prepayments of principal under the term loan agreement upon the occurrence of certain specified events, including certain asset sales, debt issuances and receipt of annual cash flows in excess of certain amounts. No such specified events occurred during fiscal 2024 or fiscal 2023. The Company may, at its option, prepay any borrowings under the term loan, in whole or in part, at any time without premium or penalty (except in certain circumstances). As of July 31, 2024, the outstanding USD term loan balance of $265,000 was subject to a SOFR-based rate totaling 7.594%. As of July 31, 2023, the outstanding USD term loan balance of $271,900 was subject to a SOFR-based rate totaling 8.433%. The total interest rate on the July 31, 2024 outstanding Euro term loan balance of $329,361 was 6.346%, and the total interest rate on the July 31, 2023 outstanding Euro term loan balance of $486,194 was 6.625% As of July 31, 2024 and July 31, 2023 there were no outstanding ABL borrowings. The Company may, generally at its option, repay any borrowings under the ABL, in whole or in part, at any time and from time to time, without penalty or premium. Availability under the ABL agreement is subject to a borrowing base based on a percentage of applicable eligible receivables and eligible inventory. The ABL currently carries interest at an annual base rate plus 0.25% to 0.50%, or EURIBOR plus 1.25% to 1.50%, or SOFR plus 1.35% to 1.60%, based on adjusted excess availability as defined in the ABL agreement. This agreement also includes a 0.20% unused facility fee. The ABL contains a financial covenant which requires the Company to maintain a minimum consolidated fixed-charge coverage ratio of 1.0X, although the covenant is only applicable when adjusted excess availability falls below a threshold of the greater of a) 10% of the lesser of the borrowing base availability or the revolver line total, or b) $60,000. Up to $80,000 of the ABL is available for the issuance of letters of credit, and up to $100,000 is available for swing-line loans. The Company may also increase commitments under the ABL by up to $200,000 by obtaining additional commitments from lenders and adhering to certain other conditions. The unused availability under the ABL is generally available to the Company for general operating purposes, and based on July 31, 2024 eligible receivable and inventory balances and net of amounts drawn, if any, totaled approximately $814,000. 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”). The Senior Unsecured Notes will mature on October 15, 2029 unless redeemed or repurchased earlier. Net proceeds from the Senior Unsecured Notes, along with cash on hand, were used to repay $500,000 of borrowings then outstanding on the Company’s ABL and for certain transaction costs. Interest on the Senior Unsecured Notes is payable in semi-annual installments on April 15 and October 15 of each year. The Senior Unsecured Notes rank equally in right of payment with all of the Company’s existing and future senior indebtedness and senior to the Company’s future subordinated indebtedness, and effectively junior in right of payment to the Company’s existing and future secured indebtedness to the extent of the assets securing such indebtedness. The unsecured notes of 25,000 Euro ($27,070) at July 31, 2024 relate to long-term debt of our European segment. There are two series, 20,000 Euro ($21,656) with an interest rate of 1.945% maturing in March 2025, and 5,000 Euro ($5,414) 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 debt maturities are as follows: For the fiscal year ending July 31, 2025 $ 32,650 For the fiscal year ending July 31, 2026 3,185 For the fiscal year ending July 31, 2027 2,653 For the fiscal year ending July 31, 2028 8,067 For the fiscal year ending July 31, 2029 2,653 For the fiscal year ending July 31, 2030 and thereafter 1,102,071 $ 1,151,279 For fiscal 2024, 2023 and 2022, interest expense on total long-term debt was $99,970, $92,977 and $77,324, respectively. These interest expense amounts include amortization of capitalized debt issuance costs and the fiscal 2024 debt extinguishment charges noted above of $18,274, $11,455 and $11,322 for fiscal years 2024, 2023 and 2022, respectively. The fair value of the Company’s term-loan debt at July 31, 2024 and July 31, 2023 was $597,334 and $759,487, respectively, and the fair value of the Company’s Senior Unsecured Notes at July 31, 2024 and July 31, 2023 was $450,450 and $430,650, respectively. The fair value of all 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. Subsequent to July 31, 2024, the Company made a payment of $60,000 against the principal balance of its USD term loan.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The sources of income before income taxes are as follows: For the Fiscal Year Ended July 31, 2024 2023 2022 United States $ 115,618 $ 315,939 $ 1,359,841 Foreign 233,226 183,414 100,023 Total $ 348,844 $ 499,353 $ 1,459,864 The components of the provision for income taxes are as follows: For the Fiscal Year Ended July 31, Income Taxes: 2024 2023 2022 U.S. Federal $ 52,832 $ 102,919 $ 296,716 U.S. state and local 10,372 14,803 55,159 Foreign 48,242 45,174 17,848 Total current expense 111,446 162,896 369,723 U.S. Federal (22,236) (28,819) (21,317) U.S. state and local (4,116) (3,447) (2,089) Foreign (1,650) (5,517) (24,696) Total deferred expense (benefit) (28,002) (37,783) (48,102) Total income tax expense $ 83,444 $ 125,113 $ 321,621 The differences between income tax expense at the federal statutory rate and the actual income tax expense are as follows: For the Fiscal Year Ended July 31, 2024 2023 2022 Provision at federal statutory rate $ 73,257 $ 104,864 $ 306,571 Differences between U.S. Federal statutory and foreign tax rates 3,821 (41,300) 58,573 Foreign currency remeasurement (gains) losses (7,621) 33,737 (73,914) U.S. state and local income taxes, net of federal benefit 4,840 9,524 38,919 Nondeductible compensation 3,976 4,413 5,438 Contingent liability accrual and settlement (7,456) — 6,300 Global Intangible Low-Taxed Income 12,068 10,936 2,000 Other 559 2,939 (22,266) Total income tax expense $ 83,444 $ 125,113 $ 321,621 A summary of the deferred income tax balances is as follows: July 31, 2024 2023 Deferred income tax asset (liability): Inventory basis $ 10,019 $ 10,226 Employee benefits 10,146 10,306 Self-insurance reserves 5,021 4,968 Accrued product warranties 62,687 71,800 Accrued incentives 7,335 9,110 Sales returns and allowances 2,544 2,282 Accrued expenses 6,409 5,641 Property, plant and equipment (45,494) (49,036) Operating leases 10,970 13,086 Deferred compensation 31,359 29,667 Intangibles (197,012) (212,478) Net operating loss and other carryforwards 30,861 38,064 Unrealized (gain) loss 737 (8,843) Unrecognized tax benefits 2,161 2,965 Research and development 20,237 10,816 Other 8,709 2,395 Valuation allowance (12,676) (10,867) Deferred income tax (liability), net $ (45,987) $ (69,898) Deferred tax assets are reduced by a valuation allowance if, based upon available evidence, it is more likely than not that some, or all, of the deferred tax assets will not be realized. The valuation allowances recorded at July 31, 2024 and July 31, 2023 relate to certain foreign net operating loss carryforwards, other assets in foreign jurisdictions and certain disallowed state interest carry forwards. As of July 31, 2024, the Company has $285 of deferred tax assets related to U.S. state tax credit carryforwards that expire in fiscal 2035 of which the Company expects to realize prior to expiration. The Company has $16,303 of deferred tax assets related to NOL carryforwards in certain foreign jurisdictions that will expire from fiscal 2025 or be carried forward indefinitely, of which $11,146 has been fully reserved with a valuation allowance, and the remaining amount the Company expects to realize. In addition, the Company has $739 of tax affected U.S. state tax NOL carryforwards that expire from fiscal 2025 to 2044 of which no deferred tax asset or valuation allowance has been recorded on $323 of these amounts since there is no expectation of future realization. The Company has a deferred tax asset related to disallowed interest carryforwards of $12,779 in foreign jurisdictions, which it expects to fully realize, and $992 of deferred tax assets related to U.S. state disallowed interest carryforwards, on which a full $992 valuation allowance is recorded. With the exception of foreign subsidiary investment basis differences not attributable to un-repatriated foreign earnings, we consider all of our undistributed earnings of our foreign subsidiaries, as of July 31, 2024, to not be indefinitely reinvested outside of the United States. As of July 31, 2024, the related income tax cost of the repatriation of foreign earnings is not material. The benefits of tax positions reflected on income tax returns but whose outcome remains uncertain are only recognized for financial accounting purposes if they meet minimum recognition thresholds. The total amount of unrecognized tax benefits that, if recognized, would have impacted the Company’s effective tax rate were $8,614 for fiscal 2024, $11,106 for fiscal 2023 and $14,461 for fiscal 2022. Changes in the unrecognized tax benefit during fiscal years 2024, 2023 and 2022 were as follows: 2024 2023 2022 Beginning balance $ 13,712 $ 17,998 $ 17,025 Tax positions related to prior years: Additions 1,692 649 705 Reductions (1,977) (1,588) (1,280) Tax positions related to current year: Additions 386 974 4,660 Settlements (2,133) (2,531) (2,453) Lapses in statute of limitations (1,246) (1,790) (3,010) Tax positions acquired — — 2,351 Ending balance $ 10,434 $ 13,712 $ 17,998 It is the Company’s policy to recognize interest and penalties accrued relative to unrecognized tax benefits in income tax expense. The total amount of interest and penalties expense recognized in the Consolidated Statements of Income and Comprehensive Income for the fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022 were $111, $523 and $134, respectively. The total unrecognized tax benefits above, along with the related accrued interest and penalties, are reported within the liability section of the Consolidated Balance Sheets. A portion of the unrecognized tax benefits is classified as short-term and is included in the “Income and other taxes” line of the Consolidated Balance Sheets, while the remainder is classified as a long-term liability. The components of total unrecognized tax benefits are summarized as follows: July 31, 2024 2023 Unrecognized tax benefits $ 10,434 $ 13,712 Reduction to unrecognized tax benefits which offset tax credit carryforwards (605) (414) Accrued interest and penalties 2,576 2,694 Total unrecognized tax benefits $ 12,405 $ 15,992 Short-term, included in “Income and other taxes” $ — $ 1,157 Long-term 12,405 14,835 Total unrecognized tax benefits $ 12,405 $ 15,992 Within the next 12 months, the Company does not anticipate any material changes in its unrecognized tax benefits as of July 31, 2024. 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. The major tax jurisdictions we file in, with the years still subject to income tax examinations, are listed below: Major Tax Jurisdiction Tax Years Subject to Exam United States – Federal Fiscal 2021 – Fiscal 2023 United States – State Fiscal 2021 – Fiscal 2023 Germany Fiscal 2016 – Fiscal 2022 France Fiscal 2021 – Fiscal 2023 Italy Fiscal 2016– Fiscal 2022 United Kingdom Fiscal 2023

CONTINGENT LIABILITIES AND COMM

CONTINGENT LIABILITIES AND COMMITMENTS	12 Months Ended
	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENT LIABILITIES AND COMMITMENTS	CONTINGENT LIABILITIES AND COMMITMENTS The Company is contingently liable under terms of repurchase agreements with financial institutions providing inventory financing for certain independent dealers of certain of its RV products. These arrangements, which are customary in the RV industry, provide for the repurchase of products sold to dealers in the event of default by the dealer on their agreement to pay the financial institution. The repurchase price is generally determined by the original sales price of the product and predefined curtailment arrangements. The Company typically resells the repurchased product at a discount from its repurchase price. The risk of loss from these agreements is spread over numerous dealers. In addition to the guarantee under these repurchase agreements, the Company may also be required to repurchase inventory relative to dealer terminations in certain states in accordance with state laws or regulatory requirements. The repurchase activity related to dealer terminations in certain states has historically not been material in relation to our repurchase obligation with financial institutions. The Company’s total commercial commitments under standby repurchase obligations on dealer inventory financing as of July 31, 2024 and July 31, 2023 were $3,642,137 and $3,893,048, respectively. The commitment term is generally up to eighteen months. The Company accounts for the guarantee under repurchase agreements of dealers’ financing by deferring a portion of the related product sale that represents the estimated fair value of the guarantee at inception. This deferred amount is included in the repurchase and guarantee reserve balances of $14,356 and $12,114 as of July 31, 2024 and July 31, 2023, respectively, which are included in Other current liabilities in the Consolidated Balance Sheets. Losses incurred related to repurchase agreements that were settled in fiscal 2024 totaled $7,107 and were not material in fiscal 2023 and fiscal 2022. Estimating the timing and volume of any potential future repurchase demands, and the related losses to the Company, is difficult and subject to uncertainty. As of July 31, 2024, the Company is not aware of any specific information that would indicate future losses under these agreements would have a material effect on the Company’s consolidated financial position, results of operations or cash flows. The Company is also involved in certain litigation arising out of its operations in the normal course of its business, most of which is based upon state “lemon laws,” warranty claims and vehicle accidents (for which the Company carries insurance above a specified self-insured retention or deductible amount). The outcomes of legal proceedings and claims brought against the Company are subject to significant uncertainty. There is significant judgment required in assessing both the probability of an adverse outcome and the determination as to whether an exposure can be reasonably estimated. Based on current conditions, management does not believe the ultimate disposition of any current legal proceedings or claims against the Company will have a material effect on the Company’s financial condition, operating results or cash flows. Litigation is, however, inherently uncertain and an adverse outcome from such litigation could have a material effect on the operating results of a particular reporting period. A product recall was issued in late fiscal 2021 related to certain purchased parts utilized in certain of our products, and an accrual to cover anticipated costs was established at that time. Starting in fiscal 2022, the accrual 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. 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 this ongoing product recall issue. In addition, the Company recorded a contingent liability during fiscal 2022 based on developments related to an investigation by certain German-based authorities regarding the adequacy of historical disclosures of vehicle weight in advertisements and other Company-provided literature in Germany. Throughout fiscal 2023 and fiscal 2024, this accrual was adjusted quarterly, if necessary, based on developments involving this matter. The Company fully cooperated with the investigation, which was fully resolved and related payments made by the end of fiscal 2024 in an amount not materially different from the adjusted amounts previously accrued. In fiscal 2024, the Company recognized income of $17,979 as a component of selling, general and administrative expense related to these two matters. In fiscal 2023, the net impact on the Company’s results of operations related to these two matters was not material, and in fiscal 2022, the Company recognized $37,975 of net expense as a component of selling, general and administrative expense related to these two matters.

LEASES

LEASES	12 Months Ended
	Jul. 31, 2024
Leases [Abstract]
LEASES	LEASES The Company has operating leases primarily 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 fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022 were as follows: Fiscal Year Ended July 31, 2024 2023 2022 Operating lease cost $ 32,248 $ 30,200 $ 27,391 Finance lease cost Amortization of right-of-use assets 746 746 746 Interest on lease liabilities 305 388 471 Total lease cost $ 33,299 $ 31,334 $ 28,608 Other information related to leases was as follows: Fiscal Year Ended July 31, Supplemental Cash Flow Information 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,167 $ 30,089 $ 27,364 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 7,960 $ 15,426 $ 21,258 July 31, Supplemental Balance Sheet Information 2024 2023 Operating leases: Operating lease right-of-use assets $ 43,139 $ 47,969 Operating lease liabilities Other current liabilities $ 11,405 $ 11,238 Other long-term liabilities 32,007 36,775 Total operating lease liabilities $ 43,412 $ 48,013 Finance leases: Finance lease right-of-use assets $ 4,772 $ 5,518 Finance lease liabilities Other current liabilities $ 855 $ 754 Other long-term liabilities 1,866 2,722 Total finance lease liabilities $ 2,721 $ 3,476 July 31, 2024 2023 Weighted-average remaining lease term Operating leases 9.1 years 9.3 years Finance leases 2.8 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 July 31, 2024 were as follows: Operating Leases Finance Leases For the fiscal year ending July 31, 2025 $ 17,182 $ 1,083 For the fiscal year ending July 31, 2026 12,169 1,107 For the fiscal year ending July 31, 2027 8,204 896 For the fiscal year ending July 31, 2028 5,135 58 For the fiscal year ending July 31, 2029 3,310 — For the fiscal year ending July 31, 2030 and thereafter 13,678 — Total future lease payments $ 59,678 $ 3,144 Less: Amount representing interest (16,266) (423) Total reported lease liability $ 43,412 $ 2,721
LEASES	LEASES The Company has operating leases primarily 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 fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022 were as follows: Fiscal Year Ended July 31, 2024 2023 2022 Operating lease cost $ 32,248 $ 30,200 $ 27,391 Finance lease cost Amortization of right-of-use assets 746 746 746 Interest on lease liabilities 305 388 471 Total lease cost $ 33,299 $ 31,334 $ 28,608 Other information related to leases was as follows: Fiscal Year Ended July 31, Supplemental Cash Flow Information 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,167 $ 30,089 $ 27,364 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 7,960 $ 15,426 $ 21,258 July 31, Supplemental Balance Sheet Information 2024 2023 Operating leases: Operating lease right-of-use assets $ 43,139 $ 47,969 Operating lease liabilities Other current liabilities $ 11,405 $ 11,238 Other long-term liabilities 32,007 36,775 Total operating lease liabilities $ 43,412 $ 48,013 Finance leases: Finance lease right-of-use assets $ 4,772 $ 5,518 Finance lease liabilities Other current liabilities $ 855 $ 754 Other long-term liabilities 1,866 2,722 Total finance lease liabilities $ 2,721 $ 3,476 July 31, 2024 2023 Weighted-average remaining lease term Operating leases 9.1 years 9.3 years Finance leases 2.8 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 July 31, 2024 were as follows: Operating Leases Finance Leases For the fiscal year ending July 31, 2025 $ 17,182 $ 1,083 For the fiscal year ending July 31, 2026 12,169 1,107 For the fiscal year ending July 31, 2027 8,204 896 For the fiscal year ending July 31, 2028 5,135 58 For the fiscal year ending July 31, 2029 3,310 — For the fiscal year ending July 31, 2030 and thereafter 13,678 — Total future lease payments $ 59,678 $ 3,144 Less: Amount representing interest (16,266) (423) Total reported lease liability $ 43,412 $ 2,721

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Jul. 31, 2024
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Stock-based Compensation The Board and the shareholders approved, and subsequently amended, the THOR Industries, Inc. 2016 Equity and Incentive Plan (the “2016 Equity and Incentive Plan”). The maximum number of shares issuable under the amended 2016 Equity and Incentive Plan is 3,600,000. As of July 31, 2024, the remaining shares available to be granted under the 2016 Equity and Incentive Plan is 823,120. Awards may be in the form of options (incentive stock options and non-statutory stock options), restricted stock, restricted stock units, performance compensation awards and stock appreciation rights. Under the Company’s program to award restricted stock units (“RSU”), the Compensation and Development Committee of the Board generally approves awards each October related to the financial performance of the most recently completed fiscal year. The awarded employee restricted stock units vest, and shares of common stock are issued, in equal installments on the first, second and third anniversaries of the date of grant. In addition, concurrent with the timing of the employee awards, the Environmental, Social, Governance and Nominating Committee of the Board has awarded restricted stock units to Board members that will vest, and shares of common stock will be issued, on the first anniversary of the date of the grant. The fair value of the employee and Board member restricted stock units is determined using the Company’s stock price on the date of grant. Under the Company’s program to provide performance stock units (“PSU”) awards to certain members of the Company's executive management, a portion of their equity compensation is determined based on performance related to targets set for both the Company’s return on invested capital and free cash flow during a multi-year measurement period. These PSU awards are based on a sliding scale of actual performance against relevant goals within a range of fifty percent (50%) to one hundred fifty percent (150%) of the target. Performance below the fifty percent (50%) threshold results in no earned shares, while performance above the one hundred fifty percent (150%) level results in an award of shares equal to two times the amount of target shares. In deriving the number of shares earned, if any, both performance metrics are weighted equally. Following the measurement period, in accordance with actual achievement and certification of performance metrics, fully vested shares of common stock are issued to the award recipients. The fair value of the PSU awards is determined using the Company’s stock price on the grant date. These awards are equity classified and expensed over the applicable measurement period based on the extent to which achievement of the performance metrics is probable. Total stock-based expense recognized in fiscal 2024, 2023 and 2022 for these RSU and PSU awards totaled $37,901, $39,512 and $31,421, respectively. The Company’s tax benefit related to this total stock-based compensation expense approximates $6,290, $6,028 and $4,260 for fiscal 2024, 2023 and 2022, respectively. The fair value of the RSU and PSU shares that vested in fiscal 2024, 2023 and 2022 totaled $47,282, $21,152 and $48,204, respectively. A summary of restricted stock unit and performance stock unit activity during fiscal 2024, 2023 and 2022 is included below: 2024 2023 2022 Stock Weighted- Weighted- Stock Weighted- Nonvested, beginning of year 1,175,711 $ 88.37 682,233 $ 103.76 716,485 $ 68.70 Granted 304,984 93.12 805,075 77.64 378,999 127.51 Vested (515,398) 89.82 (284,678) 93.01 (407,512) 64.19 Forfeited (26,059) 81.35 (26,919) 108.37 (5,739) 105.44 Nonvested, end of year 939,238 $ 88.40 1,175,711 $ 88.37 682,233 $ 103.76 At July 31, 2024 there was $36,321 of total unrecognized compensation costs related to restricted stock unit and performance stock unit awards that are expected to be recognized over a weighted-average period of 1.57 years. Share Repurchase Program 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. Under the share repurchase program, the Company is authorized to repurchase, on a discretionary basis and from time-to-time, outstanding shares of its common stock in the open market, in privately negotiated transactions or by other means. The timing and amount of share repurchases will be determined at the discretion of the Company’s management team based upon the market price of the stock, management’s evaluation of general market and economic conditions, cash availability and other factors. The share repurchase program may be suspended, modified or discontinued at any time, and the Company has no obligation to repurchase any amount of its common stock under the program. During fiscal 2024, the Company purchased 720,997 shares of its common stock, at various times in the open market, at a weighted-average price of $94.85 and held them as treasury shares at an aggregate purchase price of $68,387, with 453,194 shares, or $42,886, coming from the December 21, 2021 authorization and 267,803 shares, or $25,501, coming from the June 24, 2022 authorization. Since the inception of the initial December 21, 2021 authorization, the Company has repurchased 3,214,772 shares of its common stock, at various times in the open market, at a weighted-average price of $85.70 and held them as treasury shares at an aggregate purchase price of $275,501. As of July 31, 2024, there is no 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. As of July 31, 2024, 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 $422,820.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The table below disaggregates revenue to the level that the Company believes best depicts how the nature, amount, timing and uncertainty of the Company’s revenue and cash flows are affected by economic factors. Other RV-related revenues shown below in the European segment include sales related to accessories and services, new and used vehicle sales at owned dealerships and RV rentals. Performance obligations for all material revenue streams are recognized at a point-in-time. Other sales relate primarily to component part sales to RV original equipment manufacturers and aftermarket sales through dealers and retailers, as well as aluminum extruded components. 2024 2023 2022 NET SALES: Recreational vehicles North American Towable Travel Trailers and Other $ 2,395,246 $ 2,587,686 $ 5,430,526 Fifth Wheels 1,284,425 1,614,942 3,231,419 Total North American Towable 3,679,671 4,202,628 8,661,945 North American Motorized Class A 776,836 1,066,617 1,779,295 Class C 1,162,140 1,536,398 1,408,470 Class B 506,874 711,155 791,882 Total North American Motorized 2,445,850 3,314,170 3,979,647 Total North American 6,125,521 7,516,798 12,641,592 European Motorcaravan 1,747,291 1,409,137 1,457,226 Campervan 1,064,293 987,623 750,310 Caravan 235,928 358,415 365,902 Other RV-related 317,468 281,972 314,015 Total European 3,364,980 3,037,147 2,887,453 Total recreational vehicles 9,490,501 10,553,945 15,529,045 Other 781,927 777,639 1,225,824 Intercompany eliminations (229,020) (209,979) (442,344) Total $ 10,043,408 $ 11,121,605 $ 16,312,525

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Jul. 31, 2024
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: 2024 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 (25,073) — (86) (25,159) (852) (26,011) Income taxes associated with OCI before reclassifications (1) — — — — — — Amounts reclassified from AOCI — — — — — — Income taxes associated with amounts reclassified from AOCI — — — — — — OCI, net of tax for the fiscal year (25,073) — (86) (25,159) (852) (26,011) AOCI, net of tax $ (93,984) $ — $ 278 $ (93,706) $ (3,435) $ (97,141) 2023 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) OCI before reclassifications 114,542 847 (807) 114,582 (378) 114,204 Income taxes associated with OCI before reclassifications (1) — (203) — (203) — (203) Amounts reclassified from AOCI — (1,732) — (1,732) — (1,732) Income taxes associated with amounts reclassified from AOCI — 413 — 413 — 413 OCI, net of tax for the fiscal year 114,542 (675) (807) 113,060 (378) 112,682 AOCI, net of tax $ (68,911) $ — $ 364 $ (68,547) $ (2,583) $ (71,130) 2022 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ 54,152 $ (8,655) $ (876) $ 44,621 $ (772) $ 43,849 OCI before reclassifications (237,605) 3,775 2,047 (231,783) (1,433) (233,216) Income taxes associated with OCI before reclassifications (1) — (866) — (866) — (866) Amounts reclassified from AOCI — 8,502 — 8,502 — 8,502 Income taxes associated with amounts reclassified from AOCI — (2,081) — (2,081) — (2,081) OCI, net of tax for the fiscal year (237,605) 9,330 2,047 (226,228) (1,433) (227,661) AOCI, net of tax $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) (1) We do not recognize deferred taxes for foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.

WEATHER DAMAGE AT MANUFACTURING

WEATHER DAMAGE AT MANUFACTURING FACILITIES	12 Months Ended
	Jul. 31, 2024
Risks and Uncertainties [Abstract]
WEATHER DAMAGE AT MANUFACTURING FACILITIES	WEATHER DAMAGE AT MANUFACTURING FACILITIES On March 14, 2024, a weather event that included large damaging hail occurred at and around the Company’s Jackson Center, OH facilities. The hail resulted in significant roof damage to the motorized production facility and significant damage to inventory that was stored outside, primarily motorized chassis, but also some work in process and finished goods inventory. Due to the lack of chassis, the motorized manufacturing plant was generally unable to produce units from the date of the incident throughout most of the fiscal 2024 fourth quarter, but was generally back to a normal production schedule by the end of fiscal 2024 with the exception of a few certain models, which are expected to be back on line in the first quarter of fiscal 2025. The Company maintains insurance coverage, subject to a $1,000 self-insured retention, for the repair or replacement of covered assets that suffer loss, as well as coverage for business interruption, including lost profits. Inventory is a covered asset under the insurance policy, as is the production facility itself. As of July 31, 2024, the Company has a receivable in the amount of $43,325 related to estimated damages incurred for which we deem the recovery of such losses from our insurance carriers to be probable. Total estimated losses are $64,325 and are primarily attributed to the write-off of motorized chassis. This insurance recovery receivable is included in Accounts receivable, other, net on the Consolidated Balance Sheets, as we believe recovery will be realized within one year of the balance sheet date. Given the expectation of recovery from insurance, the impact on our consolidated income before income taxes during fiscal 2024 related to the losses incurred on the weather damages noted above was not material. As of the date of this report, the Company is still in the process of fully assessing damages and submitting relevant insurance claim information, but the Company did receive an initial payment of $20,000 in insurance proceeds relating to this event in the fiscal year ended July 31, 2024. Although our insurance covers business interruption, the Company did not recognize recovery for business interruption during the fiscal year ended July 31, 2024 and will do so at the time of final settlement or when nonrefundable cash advances are made in subsequent periods.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 265,308	$ 374,271	$ 1,137,804

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Jul. 31, 2024 shares	Jul. 31, 2024 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 July 2, 2024, our Chief Operating Officer, Todd Woelfer, adopted a Rule 10b5-1 trading arrangement (providing for the sale of up to 22,500 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 September 26, 2025 or such earlier date as of which all of the shares covered by the arrangement have been sold. As of July 31, 2024, Mr. Woelfer held 72,514 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	July 2, 2024
Expiration Date	September 26, 2025
Arrangement Duration	451 days
Aggregate Available	22,500	22,500

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Jul. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2024
Accounting Policies [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”) by units sold and revenue. The Company manufactures a wide variety of RVs in the United States and Europe and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the United States, Canada and Europe. Unless the context requires or indicates otherwise, all references to “THOR,” the “Company,” “we,” “our” and “us” refer to THOR Industries, Inc. and its subsidiaries. The Company’s business activities are primarily comprised of three distinct operations, which include the design, manufacture and sale of North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles and European Recreational Vehicles, with the European vehicles including both towable and motorized products as well as other RV-related products and services. Accordingly, the Company has presented financial information for these three segments in Note 3 to the Consolidated Financial Statements.
Principles of Consolidation	Principles of Consolidation – The accompanying Consolidated Financial Statements include the accounts of THOR Industries, Inc. and its subsidiaries. The Company consolidates all majority-owned subsidiaries, and all intercompany balances and transactions are eliminated upon consolidation. The results of any companies acquired during a year are included in the consolidated financial statements for the applicable year from the effective date of the acquisition.
Estimates	Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Key estimates include the valuation of acquired assets and liabilities, reserves for inventory, incurred but not reported medical claims, warranty claims, dealer promotional accruals, workers’ compensation claims, vehicle repurchases, uncertain tax positions, product and non-product litigation and assumptions made in asset impairment assessments. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable under the circumstances. The Company believes that such estimates are made using consistent and appropriate methods. Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents – Interest-bearing deposits and other investments with maturities of three months or less when purchased are considered cash equivalents. At July 31, 2024 and July 31, 2023, cash and cash equivalents of $318,918 and $316,401, respectively, were held by one U.S. financial institution. In addition, at July 31, 2024 and July 31, 2023, the equivalent of $90,816 and $68,170, respectively, was held in Euros by one European financial institution.
Derivatives	Derivatives
Fair Value of Financial Instruments	Fair Value of Financial Instruments – The fair value of long-term debt is discussed in Note 13 to the Consolidated Financial Statements.
Inventories	Inventories – Inventories are primarily determined on the first-in, first-out (“FIFO”) basis, with the remainder on the last-in, first-out (“LIFO”) basis. Inventories are stated at the lower of cost or net realizable value, except for inventories determined based on LIFO, which are stated at the lower of cost or market value. Manufacturing costs included in inventory include materials, labor, freight-in and manufacturing overhead. Unallocated overhead and abnormal costs are expensed as incurred.
Depreciation	Depreciation – Property, plant and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets as follows: Buildings and improvements – 10 to 39 years Machinery and equipment – 3 to 10 years Rental vehicles – 6 years Depreciation expense is recorded in cost of products sold, except for $24,240, $26,999 and $25,388 in fiscal 2024, 2023 and 2022, respectively, which relates primarily to office buildings and office equipment and is recorded in selling, general and administrative expenses.
Business Combinations	Business Combinations – The Company accounts for the acquisition of a business using the acquisition method of accounting. Assets acquired and liabilities assumed, including amounts attributed to noncontrolling interests, are recorded at the acquisition date at their fair values. Assigning fair values requires the Company to make significant estimates and assumptions regarding the fair value of identifiable intangible assets, inventory, property, plant and equipment, deferred tax asset valuation allowances, and liabilities, such as uncertain tax positions and contingencies. The Company may refine these estimates, if necessary, over a period not to exceed one year from the acquisition date, by taking into consideration new information that, if known at the acquisition date, would have affected the fair values ascribed to the assets acquired and liabilities assumed.
Goodwill	Goodwill – Goodwill results from the excess of purchase price over the net assets of an acquired business. The Company’s reporting units are generally the same as its operating segments, which are identified in Note 3 to the Consolidated Financial Statements. Goodwill is not amortized but is tested for impairment annually as of May 31 of each fiscal year and whenever events or changes in circumstances indicate that an impairment may have occurred. If the carrying amount of a reporting unit exceeds its fair value, an impairment charge equal to that excess is recognized, not to exceed the amount of goodwill allocated to the reporting unit.
Long-lived Assets	Long-lived Assets
Product Warranties	Product Warranties
Insurance Reserves	Insurance Reserves – Generally, the Company is self-insured for workers’ compensation, products liability and group medical insurance. Upon the exhaustion of the applicable deductibles or retentions, the Company maintains insurance coverage. Under these plans, liabilities are recognized for claims incurred, including those incurred but not reported. The liability for workers’ compensation claims is determined by the Company with the assistance of a third-party administrator and actuary using various state statutes and historical claims experience. Group medical reserves are estimated using historical claims experience. The Company has established a liability for product liability and personal injury occurrences based on historical data, known cases and actuarial information.
Revenue Recognition	Revenue Recognition – Revenue is recognized as performance obligations under the terms of contracts with customers are satisfied. The Company’s recreational vehicle and other sales contracts have a single performance obligation of providing the promised goods (recreational vehicles or component parts, as applicable), which is satisfied when control of the goods is transferred to the customer. For recreational vehicle sales, the Company recognizes revenue when its performance obligation has been satisfied and control of the product is transferred to the dealer, which generally aligns with shipping terms. Shipping terms vary depending on regional contracting practices. U.S. customers primarily contract under FOB shipping point terms. European customers generally contract on ExWorks (“EXW”) incoterms (meaning the seller fulfills its obligation to deliver when it makes goods available at its premises, or another specified location, for the buyer to collect). Under EXW incoterms, the performance obligation is satisfied and control is transferred at the point when the customer is notified that the vehicle is available for pickup. Customers do not have a right of return. Most warranties provided are assurance-type warranties. In addition to recreational vehicle sales, the Company also sells specialized component parts and aluminum extrusions to RV original equipment manufacturers and aftermarket sales through dealers and retailers. The Company’s European recreational vehicle reportable segment also sells accessory items and provides repair services through our two owned dealerships. Each part or item represents a distinct performance obligation satisfied when control of the good is transferred to the customer. Service and repair contracts with customers are short term in nature and are recognized when the service is complete. Revenue is measured as the amount of consideration to which the Company expects to be entitled in exchange for the Company’s products and services. The amount of revenue recognized includes adjustments for any variable consideration, such as sales discounts, sales allowances, promotions, rebates and other sales incentives which are included in the transaction price and allocated to each performance obligation based on the standalone selling price. The Company estimates variable consideration based on the expected value of total consideration to which customers are likely to be entitled to based primarily on historical experience and current market conditions. Included in the estimate is an assessment as to whether any variable consideration is constrained. Revenue estimates are adjusted at the earlier of a change in the expected value of consideration or when the consideration becomes fixed. During fiscal 2024, fiscal 2023 and fiscal 2022, adjustments to revenue from performance obligations satisfied in prior periods, which relate primarily to changes in estimated variable consideration, were immaterial. Amounts billed to customers related to shipping and handling activities are included in net sales. The Company has elected to account for shipping and handling costs as fulfillment activities, and these costs are predominantly included in cost of products sold. We do not disclose information about the transaction price allocated to the remaining performance obligations at period end because our contracts generally have original expected durations of one year or less. In addition, we expense when incurred contract acquisition costs, primarily sales commissions, because the amortization period, which is aligned with the contract term, is one year or less.
Advertising Costs	Advertising Costs
Foreign Currency	Foreign Currency – The financial statements of the Company’s foreign operations with a functional currency other than the U.S. dollar are translated into U.S. dollars using the exchange rate at each balance sheet date for assets and liabilities, and, for revenues and expenses, the weighted-average exchange rate for each applicable period, and the resulting translation adjustments are recorded in Accumulated Other Comprehensive (Loss), net of tax. Transaction gains and losses from foreign currency exchange rate changes are recorded in Other income, net in the Consolidated Statements of Income and Comprehensive Income.
Repurchase Agreements	Repurchase Agreements
Income Taxes	Income Taxes – The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. Judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements or tax returns. The actual outcome of these future tax consequences could differ from our estimates and have a material impact on our financial position or results of operations. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as the Company has to determine the probability of various possible outcomes. The Company reevaluates these uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit, voluntary settlements and new audit activity. Such a change in recognition or measurement would result in the recognition of a tax benefit or an additional charge to the tax provision. Judgment is required in determining the Company’s provision for income taxes, the Company’s deferred tax assets and liabilities and the valuation allowance recorded against the Company’s deferred tax assets. Valuation allowances must be considered due to the uncertainty of realizing deferred tax assets. The Company assesses whether valuation allowances should be established against our deferred tax assets on a tax jurisdictional basis based on the consideration of all available evidence, including cumulative income over recent periods, using a more likely than not standard.
Research and Development	Research and Development
Stock-Based Compensation	Stock-Based Compensation – The Company records compensation expense based on the fair value of stock-based awards, including restricted stock units and performance stock units, on a straight-line basis over the requisite service period, which is generally three years, while some stock-based awards use a graded vesting period. Stock-based compensation expense is recorded net of estimated forfeitures, which is based on historical forfeiture rates over the vesting period of employee awards.
Earnings Per Share	Earnings Per Share – Basic earnings per common share (“EPS”) is computed by dividing net income attributable to THOR Industries, Inc. by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net income attributable to THOR Industries, Inc. by the weighted-average number of common shares outstanding assuming dilution. The difference between basic EPS and diluted EPS is the result of unvested restricted stock units and performance stock units as follows: 2024 2023 2022 Weighted-average shares outstanding for basic earnings per share 53,248,488 53,478,310 55,034,653 Unvested restricted stock units and performance stock units 438,889 378,833 229,393 Weighted-average shares outstanding assuming dilution 53,687,377 53,857,143 55,264,046 The Company excludes unvested restricted stock units and performance stock units that have an antidilutive effect from its calculation of weighted-average shares outstanding. Antidilutive unvested restricted stock units and performance stock units excluded from the July 31, 2024, July 31, 2023 and July 31, 2022 calculations were not material.
Accounting Pronouncements	Accounting Pronouncements Recently Issued Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update No. 2023-07 (“ASU 2023-07”) “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which requires additional disclosures about significant segment expenses regularly provided to the Chief Operating Decision Maker. ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023, or the annual report for fiscal 2025 for the Company, and interim periods within fiscal years beginning after December 15, 2024, or interim periods starting in fiscal 2026 for the Company. Early adoption is permitted. We are currently evaluating the impact of ASU 2023-07 on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, requiring enhancements and further transparency to certain income tax disclosures. Under this ASU, entities must disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, ASU 2023-09 requires entities to disclose additional information about income taxes paid. The new standard also eliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. ASU 2023-09 is effective for financial statements for annual periods beginning after December 15, 2024. This ASU is effective for the Company in its fiscal year 2026 beginning on August 1, 2025. Early adoption is permitted. The Company is currently evaluating the potential impact of adopting this guidance on the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Schedule of Difference Between Basic EPS and Diluted EPS	The difference between basic EPS and diluted EPS is the result of unvested restricted stock units and performance stock units as follows: 2024 2023 2022 Weighted-average shares outstanding for basic earnings per share 53,248,488 53,478,310 55,034,653 Unvested restricted stock units and performance stock units 438,889 378,833 229,393 Weighted-average shares outstanding assuming dilution 53,687,377 53,857,143 55,264,046

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Jul. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Final Fair Values of Net Assets Acquired on the Acquisition Date	The following table summarizes the final fair values of the Airxcel net assets acquired on the acquisition date. Cash $ 23,404 Inventory 71,150 Other assets 62,657 Property, plant and equipment 40,518 Amortizable intangible assets: Customer relationships 284,000 Trademarks 56,900 Design technology assets 60,600 Backlog 700 Goodwill 372,608 Current liabilities (115,535) Deferred income tax liabilities (77,086) Other liabilities (10,494) Non-controlling interest (739) Total fair value of net assets acquired 768,683 Less: Cash acquired (23,404) Total cash consideration for acquisition, less cash acquired $ 745,279
Schedule of Unaudited Pro Forma Information	The unaudited pro forma information does not reflect any operating efficiencies or cost savings that may have been realized from the integration of these acquisitions. Fiscal 2022 Net sales $ 16,359,983 Net income attributable to THOR Industries, Inc. $ 1,144,617 Basic earnings per common share $ 20.80 Diluted earnings per common share $ 20.71

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	12 Months Ended
	Jul. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	2024 2023 2022 NET SALES: Recreational vehicles North American Towable $ 3,679,671 $ 4,202,628 $ 8,661,945 North American Motorized 2,445,850 3,314,170 3,979,647 Total North America 6,125,521 7,516,798 12,641,592 European 3,364,980 3,037,147 2,887,453 Total recreational vehicles 9,490,501 10,553,945 15,529,045 Other 781,927 777,639 1,225,824 Intercompany eliminations (229,020) (209,979) (442,344) Total $ 10,043,408 $ 11,121,605 $ 16,312,525 INCOME (LOSS) BEFORE INCOME TAXES: Recreational vehicles North American Towable $ 169,232 $ 237,123 $ 1,050,536 North American Motorized 126,496 255,207 436,604 Total North America 295,728 492,330 1,487,140 European 231,377 179,625 87,116 Total recreational vehicles 527,105 671,955 1,574,256 Other, net 45,299 36,965 110,798 Corporate (223,560) (209,567) (225,190) Total $ 348,844 $ 499,353 $ 1,459,864 2024 2023 TOTAL ASSETS: Recreational vehicles North American Towable $ 1,290,117 $ 1,429,899 North American Motorized 1,077,808 1,268,109 Total North America 2,367,925 2,698,008 European 2,871,316 2,898,175 Total recreational vehicles 5,239,241 5,596,183 Other, net 1,058,842 1,048,076 Corporate 722,740 616,571 Total $ 7,020,823 $ 7,260,830 2024 2023 2022 DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE: Recreational vehicles North American Towable $ 54,716 $ 60,880 $ 65,260 North American Motorized 34,789 32,639 29,088 Total North America 89,505 93,519 94,348 European 126,831 121,464 131,518 Total recreational vehicles 216,336 214,983 225,866 Other, net 58,233 60,172 56,855 Corporate 2,576 1,773 1,732 Total $ 277,145 $ 276,928 $ 284,453 CAPITAL ACQUISITIONS: Recreational vehicles North American Towable $ 16,938 $ 63,898 $ 72,892 North American Motorized 16,329 42,902 36,321 Total North America 33,267 106,800 109,213 European 70,497 65,745 97,328 Total recreational vehicles 103,764 172,545 206,541 Other, net 26,108 34,190 33,162 Corporate 9,745 2,173 858 Total $ 139,617 $ 208,908 $ 240,561 DESTINATION OF NET SALES BY GEOGRAPHIC REGION: United States $ 6,190,597 $ 7,444,023 $ 12,235,760 Germany 2,023,566 1,816,282 1,728,565 Other Europe 1,343,081 1,220,158 1,158,563 Canada 435,839 587,559 1,132,788 Other foreign 50,325 53,583 56,849 Total $ 10,043,408 $ 11,121,605 $ 16,312,525 2024 2023 PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION: United States $ 787,696 $ 806,230 Germany 448,182 433,136 Other Europe 137,588 139,188 Other 17,252 9,254 Total $ 1,390,718 $ 1,387,808

DERIVATIVES AND HEDGING (Tables

DERIVATIVES AND HEDGING (Tables)	12 Months Ended
	Jul. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Consolidated Statements of Income and Comprehensive Income Due to Changes in Fair Value of Derivative Instruments	The total amounts presented in the Consolidated Statements of Income and Comprehensive Income due to changes in the fair value of the following derivative instruments for the fiscal years ended July 31, 2024, 2023 and 2022 are as follows: 2024 2023 2022 Gain (Loss) on Derivatives Designated as Cash Flow Hedges Gain (loss) recognized in Other comprehensive income (loss), net of tax Foreign currency forward contracts $ — $ — $ 6 Interest rate swap agreements (1) — (675) 9,324 Total gain (loss) $ — $ (675) $ 9,330 (1) Other comprehensive income, net of tax, before reclassification from AOCI was $0, $702 and $3,626 for fiscal years 2024, 2023 and 2022, respectively. 2024 Sales Interest (Loss) on Derivatives Not Designated as Hedging Instruments Amount of (loss) recognized in income, net of tax Foreign currency forward contracts $ (962) $ — Interest rate swap agreements — (160) Total (loss) $ (962) $ (160) 2023 Sales Interest Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ (58) $ — Interest rate swap agreements — 1,377 Gain (Loss) on Derivatives Not Designated as Hedging Instruments Amount of gain (loss) recognized in income, net of tax Foreign currency forward contracts 2,742 — Commodities swap agreements (2,229) — Interest rate swap agreements — 167 Total gain (loss) $ 455 $ 1,544 2022 Sales Interest Gain (Loss) Reclassified from AOCI, Net of Tax Foreign currency forward contracts $ (723) $ — Interest rate swap agreements — (5,698) Gain (Loss) on Derivatives Not Designated as Hedging Instruments Amount of gain (loss) recognized in income, net of tax Interest rate swap agreements — 428 Total gain (loss) $ (723) $ (5,270)

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Jul. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Major Classifications of Inventories	Major classifications of inventories are as follows: July 31, 2024 July 31, 2023 Finished goods – RV $ 249,949 $ 164,456 Finished goods – other 91,371 93,476 Work in process 261,043 313,006 Raw materials 434,165 563,614 Chassis 478,220 681,122 Subtotal 1,514,748 1,815,674 Excess of FIFO costs over LIFO costs (148,110) (162,604) Total inventories, net $ 1,366,638 $ 1,653,070

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consists of the following: July 31, 2024 July 31, 2023 Land $ 151,164 $ 147,633 Buildings and improvements 1,053,812 1,038,394 Machinery and equipment 738,535 672,499 Rental vehicles 126,794 99,360 Lease right-of-use assets – operating 43,139 47,969 Lease right-of-use assets – finance 4,772 5,518 Total cost 2,118,216 2,011,373 Less: Accumulated depreciation (727,498) (623,565) Property, plant and equipment, net $ 1,390,718 $ 1,387,808

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	12 Months Ended
	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Components of Amortizable Intangible Assets	The components of Amortizable intangible assets are as follows: July 31, 2024 July 31, 2023 Cost Accumulated Cost Accumulated Dealer networks/customer relationships $ 1,107,396 $ 610,106 $ 1,112,273 $ 526,327 Trademarks 353,435 114,272 355,560 96,087 Design technology and other intangibles 258,260 133,580 258,868 107,483 Non-compete agreements 1,400 1,400 1,400 1,225 Total amortizable intangible assets $ 1,720,491 $ 859,358 $ 1,728,101 $ 731,122
Schedule of Estimated Annual Amortization Expense	Estimated annual amortization expense is as follows: For the fiscal year ending July 31, 2025 $ 118,489 For the fiscal year ending July 31, 2026 107,233 For the fiscal year ending July 31, 2027 98,525 For the fiscal year ending July 31, 2028 89,691 For the fiscal year ending July 31, 2029 74,378 For the fiscal year ending July 31, 2030 and thereafter 372,817 $ 861,133
Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment	Changes in the carrying amount of Goodwill by reportable segment as of July 31, 2024 and July 31, 2023 are summarized as follows: North North European Other Total Net balance as of July 31, 2022 $ 344,975 $ 53,875 $ 893,383 $ 511,918 $ 1,804,151 Fiscal year 2023 activity: Goodwill acquired 4,097 — — — 4,097 Measurement period adjustments — — — 4,682 4,682 Foreign currency translation and other (11,189) 11,189 72,375 — 72,375 Deconsolidation of Roadpass Digital — — — (84,883) (84,883) Net balance as of July 31, 2023 $ 337,883 $ 65,064 $ 965,758 $ 431,717 $ 1,800,422 Fiscal year 2024 activity: Goodwill acquired — — — 3,635 3,635 Foreign currency translation and other — — (17,084) — (17,084) Net balance as of July 31, 2024 $ 337,883 $ 65,064 $ 948,674 $ 435,352 $ 1,786,973 The components of the goodwill balances by reportable segment as of July 31, 2024 and July 31, 2023 are summarized as follows: North North European Other Total Goodwill $ 348,032 $ 82,316 $ 948,674 $ 435,352 $ 1,814,374 Accumulated impairment charges (10,149) (17,252) — — (27,401) Net balance as of July 31, 2024 $ 337,883 $ 65,064 $ 948,674 $ 435,352 $ 1,786,973 North North European Other Total Goodwill $ 348,032 $ 82,316 $ 965,758 $ 431,717 $ 1,827,823 Accumulated impairment charges (10,149) (17,252) — — (27,401) Net balance as of July 31, 2023 $ 337,883 $ 65,064 $ 965,758 $ 431,717 $ 1,800,422

EQUITY INVESTMENTS (Tables)

EQUITY INVESTMENTS (Tables)	12 Months Ended
	Jul. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investment and Maximum Exposure to Loss	The Company had the following aggregate investment and maximum exposure to loss related to these VIEs: July 31, 2024 July 31, 2023 Carrying amount of equity investments $ 137,272 $ 126,909 Maximum exposure to loss $ 144,047 $ 161,459

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Accounted at Fair Value on Recurring Basis	The financial assets and liabilities that were accounted for at fair value on a recurring basis at July 31, 2024 and July 31, 2023 are as follows: Input Level July 31, 2024 July 31, 2023 Cash equivalents Level 1 $ 310,210 $ 286,984 Deferred compensation plan mutual fund assets Level 1 $ 28,985 $ 40,220 Equity investments Level 1 $ 1,169 $ 4,105 Interest rate swap liabilities, net Level 2 $ 1,137 $ 932

PRODUCT WARRANTY (Tables)

PRODUCT WARRANTY (Tables)	12 Months Ended
	Jul. 31, 2024
Guarantees and Product Warranties [Abstract]
Schedule of Changes in Product Warranty Liabilities	Changes in our product warranty liabilities during the indicated periods are as follows: 2024 2023 2022 Beginning balance $ 345,197 $ 317,908 $ 267,620 Provision 290,491 347,588 339,009 Payments (323,094) (324,042) (290,407) Acquisitions — — 9,828 Foreign currency translation (967) 3,743 (8,142) Ending balance $ 311,627 $ 345,197 $ 317,908

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Schedule of Components of Long-Term Debt	The components of long-term debt are as follows: July 31, 2024 July 31, 2023 Term loan $ 594,361 $ 758,094 Senior unsecured notes 500,000 500,000 Unsecured notes 27,070 27,558 Other debt 29,848 41,753 Total long-term debt 1,151,279 1,327,405 Debt issuance costs, net of amortization (17,364) (24,726) Total long-term debt, net of debt issuance costs 1,133,915 1,302,679 Less: Current portion of long-term debt (32,650) (11,368) Total long-term debt, net, less current portion $ 1,101,265 $ 1,291,311
Schedule of Total Contractual Debt Maturities	Total contractual debt maturities are as follows: For the fiscal year ending July 31, 2025 $ 32,650 For the fiscal year ending July 31, 2026 3,185 For the fiscal year ending July 31, 2027 2,653 For the fiscal year ending July 31, 2028 8,067 For the fiscal year ending July 31, 2029 2,653 For the fiscal year ending July 31, 2030 and thereafter 1,102,071 $ 1,151,279

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Sources of Income Before Income Taxes	The sources of income before income taxes are as follows: For the Fiscal Year Ended July 31, 2024 2023 2022 United States $ 115,618 $ 315,939 $ 1,359,841 Foreign 233,226 183,414 100,023 Total $ 348,844 $ 499,353 $ 1,459,864
Schedule of Components of Provision for Income Taxes	The components of the provision for income taxes are as follows: For the Fiscal Year Ended July 31, Income Taxes: 2024 2023 2022 U.S. Federal $ 52,832 $ 102,919 $ 296,716 U.S. state and local 10,372 14,803 55,159 Foreign 48,242 45,174 17,848 Total current expense 111,446 162,896 369,723 U.S. Federal (22,236) (28,819) (21,317) U.S. state and local (4,116) (3,447) (2,089) Foreign (1,650) (5,517) (24,696) Total deferred expense (benefit) (28,002) (37,783) (48,102) Total income tax expense $ 83,444 $ 125,113 $ 321,621
Schedule of Differences Between Income Tax Expense at Federal Statutory Rate and Actual Income Taxes	The differences between income tax expense at the federal statutory rate and the actual income tax expense are as follows: For the Fiscal Year Ended July 31, 2024 2023 2022 Provision at federal statutory rate $ 73,257 $ 104,864 $ 306,571 Differences between U.S. Federal statutory and foreign tax rates 3,821 (41,300) 58,573 Foreign currency remeasurement (gains) losses (7,621) 33,737 (73,914) U.S. state and local income taxes, net of federal benefit 4,840 9,524 38,919 Nondeductible compensation 3,976 4,413 5,438 Contingent liability accrual and settlement (7,456) — 6,300 Global Intangible Low-Taxed Income 12,068 10,936 2,000 Other 559 2,939 (22,266) Total income tax expense $ 83,444 $ 125,113 $ 321,621
Schedule of Deferred Income Tax Balances	A summary of the deferred income tax balances is as follows: July 31, 2024 2023 Deferred income tax asset (liability): Inventory basis $ 10,019 $ 10,226 Employee benefits 10,146 10,306 Self-insurance reserves 5,021 4,968 Accrued product warranties 62,687 71,800 Accrued incentives 7,335 9,110 Sales returns and allowances 2,544 2,282 Accrued expenses 6,409 5,641 Property, plant and equipment (45,494) (49,036) Operating leases 10,970 13,086 Deferred compensation 31,359 29,667 Intangibles (197,012) (212,478) Net operating loss and other carryforwards 30,861 38,064 Unrealized (gain) loss 737 (8,843) Unrecognized tax benefits 2,161 2,965 Research and development 20,237 10,816 Other 8,709 2,395 Valuation allowance (12,676) (10,867) Deferred income tax (liability), net $ (45,987) $ (69,898)
Schedule of Changes in Unrecognized Tax Benefit	Changes in the unrecognized tax benefit during fiscal years 2024, 2023 and 2022 were as follows: 2024 2023 2022 Beginning balance $ 13,712 $ 17,998 $ 17,025 Tax positions related to prior years: Additions 1,692 649 705 Reductions (1,977) (1,588) (1,280) Tax positions related to current year: Additions 386 974 4,660 Settlements (2,133) (2,531) (2,453) Lapses in statute of limitations (1,246) (1,790) (3,010) Tax positions acquired — — 2,351 Ending balance $ 10,434 $ 13,712 $ 17,998
Schedule of Components of Total Unrecognized Tax Benefits	The components of total unrecognized tax benefits are summarized as follows: July 31, 2024 2023 Unrecognized tax benefits $ 10,434 $ 13,712 Reduction to unrecognized tax benefits which offset tax credit carryforwards (605) (414) Accrued interest and penalties 2,576 2,694 Total unrecognized tax benefits $ 12,405 $ 15,992 Short-term, included in “Income and other taxes” $ — $ 1,157 Long-term 12,405 14,835 Total unrecognized tax benefits $ 12,405 $ 15,992
Schedule of Income Tax Examinations	The major tax jurisdictions we file in, with the years still subject to income tax examinations, are listed below: Major Tax Jurisdiction Tax Years Subject to Exam United States – Federal Fiscal 2021 – Fiscal 2023 United States – State Fiscal 2021 – Fiscal 2023 Germany Fiscal 2016 – Fiscal 2022 France Fiscal 2021 – Fiscal 2023 Italy Fiscal 2016– Fiscal 2022 United Kingdom Fiscal 2023

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Schedule of Components of Lease Costs and Other Information Related to Leases	The components of lease costs for the fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022 were as follows: Fiscal Year Ended July 31, 2024 2023 2022 Operating lease cost $ 32,248 $ 30,200 $ 27,391 Finance lease cost Amortization of right-of-use assets 746 746 746 Interest on lease liabilities 305 388 471 Total lease cost $ 33,299 $ 31,334 $ 28,608 Other information related to leases was as follows: Fiscal Year Ended July 31, Supplemental Cash Flow Information 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,167 $ 30,089 $ 27,364 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 7,960 $ 15,426 $ 21,258 July 31, Supplemental Balance Sheet Information 2024 2023 Operating leases: Operating lease right-of-use assets $ 43,139 $ 47,969 Operating lease liabilities Other current liabilities $ 11,405 $ 11,238 Other long-term liabilities 32,007 36,775 Total operating lease liabilities $ 43,412 $ 48,013 Finance leases: Finance lease right-of-use assets $ 4,772 $ 5,518 Finance lease liabilities Other current liabilities $ 855 $ 754 Other long-term liabilities 1,866 2,722 Total finance lease liabilities $ 2,721 $ 3,476 July 31, 2024 2023 Weighted-average remaining lease term Operating leases 9.1 years 9.3 years Finance leases 2.8 years 3.8 years Weighted-average discount rate Operating leases 4.8 % 4.7 % Finance leases 9.7 % 9.7 %
Schedule of Future Minimum Rental Payments Under Operating Leases	Future minimum rental payments required under operating and finance leases as of July 31, 2024 were as follows: Operating Leases Finance Leases For the fiscal year ending July 31, 2025 $ 17,182 $ 1,083 For the fiscal year ending July 31, 2026 12,169 1,107 For the fiscal year ending July 31, 2027 8,204 896 For the fiscal year ending July 31, 2028 5,135 58 For the fiscal year ending July 31, 2029 3,310 — For the fiscal year ending July 31, 2030 and thereafter 13,678 — Total future lease payments $ 59,678 $ 3,144 Less: Amount representing interest (16,266) (423) Total reported lease liability $ 43,412 $ 2,721
Schedule of Future Minimum Rental Payments Under Financing Leases	Future minimum rental payments required under operating and finance leases as of July 31, 2024 were as follows: Operating Leases Finance Leases For the fiscal year ending July 31, 2025 $ 17,182 $ 1,083 For the fiscal year ending July 31, 2026 12,169 1,107 For the fiscal year ending July 31, 2027 8,204 896 For the fiscal year ending July 31, 2028 5,135 58 For the fiscal year ending July 31, 2029 3,310 — For the fiscal year ending July 31, 2030 and thereafter 13,678 — Total future lease payments $ 59,678 $ 3,144 Less: Amount representing interest (16,266) (423) Total reported lease liability $ 43,412 $ 2,721

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Jul. 31, 2024
Equity [Abstract]
Schedule of Restricted Stock Unit and Performance Stock Unit Activity	A summary of restricted stock unit and performance stock unit activity during fiscal 2024, 2023 and 2022 is included below: 2024 2023 2022 Stock Weighted- Weighted- Stock Weighted- Nonvested, beginning of year 1,175,711 $ 88.37 682,233 $ 103.76 716,485 $ 68.70 Granted 304,984 93.12 805,075 77.64 378,999 127.51 Vested (515,398) 89.82 (284,678) 93.01 (407,512) 64.19 Forfeited (26,059) 81.35 (26,919) 108.37 (5,739) 105.44 Nonvested, end of year 939,238 $ 88.40 1,175,711 $ 88.37 682,233 $ 103.76

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregates of Revenue	The table below disaggregates revenue to the level that the Company believes best depicts how the nature, amount, timing and uncertainty of the Company’s revenue and cash flows are affected by economic factors. Other RV-related revenues shown below in the European segment include sales related to accessories and services, new and used vehicle sales at owned dealerships and RV rentals. Performance obligations for all material revenue streams are recognized at a point-in-time. Other sales relate primarily to component part sales to RV original equipment manufacturers and aftermarket sales through dealers and retailers, as well as aluminum extruded components. 2024 2023 2022 NET SALES: Recreational vehicles North American Towable Travel Trailers and Other $ 2,395,246 $ 2,587,686 $ 5,430,526 Fifth Wheels 1,284,425 1,614,942 3,231,419 Total North American Towable 3,679,671 4,202,628 8,661,945 North American Motorized Class A 776,836 1,066,617 1,779,295 Class C 1,162,140 1,536,398 1,408,470 Class B 506,874 711,155 791,882 Total North American Motorized 2,445,850 3,314,170 3,979,647 Total North American 6,125,521 7,516,798 12,641,592 European Motorcaravan 1,747,291 1,409,137 1,457,226 Campervan 1,064,293 987,623 750,310 Caravan 235,928 358,415 365,902 Other RV-related 317,468 281,972 314,015 Total European 3,364,980 3,037,147 2,887,453 Total recreational vehicles 9,490,501 10,553,945 15,529,045 Other 781,927 777,639 1,225,824 Intercompany eliminations (229,020) (209,979) (442,344) Total $ 10,043,408 $ 11,121,605 $ 16,312,525

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Jul. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Components of 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: 2024 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 (25,073) — (86) (25,159) (852) (26,011) Income taxes associated with OCI before reclassifications (1) — — — — — — Amounts reclassified from AOCI — — — — — — Income taxes associated with amounts reclassified from AOCI — — — — — — OCI, net of tax for the fiscal year (25,073) — (86) (25,159) (852) (26,011) AOCI, net of tax $ (93,984) $ — $ 278 $ (93,706) $ (3,435) $ (97,141) 2023 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) OCI before reclassifications 114,542 847 (807) 114,582 (378) 114,204 Income taxes associated with OCI before reclassifications (1) — (203) — (203) — (203) Amounts reclassified from AOCI — (1,732) — (1,732) — (1,732) Income taxes associated with amounts reclassified from AOCI — 413 — 413 — 413 OCI, net of tax for the fiscal year 114,542 (675) (807) 113,060 (378) 112,682 AOCI, net of tax $ (68,911) $ — $ 364 $ (68,547) $ (2,583) $ (71,130) 2022 Foreign Currency Unrealized Other AOCI, net of tax, Attributable to THOR Non-controlling Interests Total AOCI Balance at beginning of period, net of tax $ 54,152 $ (8,655) $ (876) $ 44,621 $ (772) $ 43,849 OCI before reclassifications (237,605) 3,775 2,047 (231,783) (1,433) (233,216) Income taxes associated with OCI before reclassifications (1) — (866) — (866) — (866) Amounts reclassified from AOCI — 8,502 — 8,502 — 8,502 Income taxes associated with amounts reclassified from AOCI — (2,081) — (2,081) — (2,081) OCI, net of tax for the fiscal year (237,605) 9,330 2,047 (226,228) (1,433) (227,661) AOCI, net of tax $ (183,453) $ 675 $ 1,171 $ (181,607) $ (2,205) $ (183,812) (1) We do not recognize deferred taxes for foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) $ in Thousands	12 Months Ended
	Jul. 31, 2024 USD ($) segment dealership shares	Jul. 31, 2023 USD ($) shares	Jul. 31, 2022 USD ($) shares
Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments | segment	3
Cash and cash equivalents	$ 501,316	$ 441,232
Depreciation expense	$ 144,601	136,120	$ 127,507
Number of dealerships owned | dealership	2
Advertising costs	$ 77,029	$ 66,169	$ 55,461
Maximum amount of tax benefits realized upon ultimate settlement (as a percent)	50%
Stock-based compensation, requisite service period (in years)	3 years
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs)
Summary Of Significant Accounting Policies [Line Items]
Antidilutive restricted stock units and unvested restricted stock outstanding (in shares) | shares	0	0	0
Selling, General and Administrative Expenses | Continuing Operations
Summary Of Significant Accounting Policies [Line Items]
Depreciation expense	$ 24,240	$ 26,999	$ 25,388
Research and Development Expense
Summary Of Significant Accounting Policies [Line Items]
Research and development expense	$ 49,380	36,592	$ 38,998
Rental vehicles
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life (in years)	6 years
Minimum | Trademarks
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	15 years
Minimum | Dealer Network [Member]
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	12 years
Minimum | Noncompete Agreements [Member]
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	2 years
Minimum | Design Technology
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	2 years
Minimum | Building and Building Improvements
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life (in years)	10 years
Minimum | Machinery and equipment
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life (in years)	3 years
Maximum | Trademarks
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	25 years
Maximum | Dealer Network [Member]
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	20 years
Maximum | Noncompete Agreements [Member]
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	15 years
Maximum | Design Technology
Summary Of Significant Accounting Policies [Line Items]
Long-lived and intangible assets, useful life (in years)	15 years
Maximum | Building and Building Improvements
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life (in years)	39 years
Maximum | Machinery and equipment
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life (in years)	10 years
Held By One U.S. Financial Institution
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 318,918	316,401
Euro Financial Institutions One
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 90,816	$ 68,170

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Difference Between Basic EPS and Diluted EPS (Details) - shares	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Accounting Policies [Abstract]
Weighted-average shares outstanding for basic earnings per share (in shares)	53,248,488	53,478,310	55,034,653
Unvested restricted stock units and performance stock units (in shares)	438,889	378,833	229,393
Weighted-average shares outstanding assuming dilution (in shares)	53,687,377	53,857,143	55,264,046

ACQUISITIONS - Airxcel - Additi

ACQUISITIONS - Airxcel - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Sep. 01, 2021	Jan. 31, 2022	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Business Acquisition [Line Items]
Cash consideration, net of cash acquired			$ 7,314	$ 6,184	$ 781,967
AirX Intermediate Inc.
Business Acquisition [Line Items]
Cash consideration, net of cash acquired	$ 745,279	$ 745,279
Amortizable intangible assets, weighted average useful life (in years)	18 years 3 months 18 days
AirX Intermediate Inc. | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period (in years or months)	20 years
AirX Intermediate Inc. | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period (in years or months)	20 years
AirX Intermediate Inc. | Design technology and other intangibles
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period (in years or months)	10 years
AirX Intermediate Inc. | Backlog
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period (in years or months)	2 months

ACQUISITIONS - Schedule of Fina

ACQUISITIONS - Schedule of Final Fair Values of Airxcel Net Assets Acquired on the Acquisition Date (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Sep. 01, 2021	Jan. 31, 2022	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Business Acquisition [Line Items]
Goodwill			$ 1,786,973	$ 1,800,422	$ 1,804,151
Total cash consideration for acquisition, less cash acquired			$ 7,314	$ 6,184	$ 781,967
AirX Intermediate Inc.
Business Acquisition [Line Items]
Cash	$ 23,404
Inventory	71,150
Other assets	62,657
Property, plant and equipment	40,518
Goodwill	372,608
Current liabilities	(115,535)
Deferred income tax liabilities	(77,086)
Other liabilities	(10,494)
Non-controlling interest	(739)
Total fair value of net assets acquired	768,683
Less: Cash acquired	(23,404)
Total cash consideration for acquisition, less cash acquired	745,279	$ 745,279
AirX Intermediate Inc. | Customer relationships
Business Acquisition [Line Items]
Amortizable intangible assets:	284,000
AirX Intermediate Inc. | Trademarks
Business Acquisition [Line Items]
Amortizable intangible assets:	56,900
AirX Intermediate Inc. | Design technology assets
Business Acquisition [Line Items]
Amortizable intangible assets:	60,600
AirX Intermediate Inc. | Backlog
Business Acquisition [Line Items]
Amortizable intangible assets:	$ 700

ACQUISITIONS - Schedule of Unau

ACQUISITIONS - Schedule of Unaudited Pro Forma Information (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2022 USD ($) $ / shares
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Net sales | $	$ 16,359,983
Net income attributable to THOR Industries, Inc. | $	$ 1,144,617
Basic earnings per common share (in dollars per share) | $ / shares	$ 20.80
Diluted earnings per common share (in dollars per share) | $ / shares	$ 20.71

BUSINESS SEGMENTS - Additional

BUSINESS SEGMENTS - Additional Information (Details)	12 Months Ended
	Jul. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	3

BUSINESS SEGMENTS - Schedule of

BUSINESS SEGMENTS - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Segment Reporting Information [Line Items]
NET SALES:	$ 10,043,408	$ 11,121,605	$ 16,312,525
INCOME (LOSS) BEFORE INCOME TAXES:	348,844	499,353	1,459,864
Operating Segments
Segment Reporting Information [Line Items]
NET SALES:	9,490,501	10,553,945	15,529,045
INCOME (LOSS) BEFORE INCOME TAXES:	527,105	671,955	1,574,256
Operating Segments | Total North America
Segment Reporting Information [Line Items]
NET SALES:	6,125,521	7,516,798	12,641,592
INCOME (LOSS) BEFORE INCOME TAXES:	295,728	492,330	1,487,140
Operating Segments | North American Towable
Segment Reporting Information [Line Items]
NET SALES:	3,679,671	4,202,628	8,661,945
INCOME (LOSS) BEFORE INCOME TAXES:	169,232	237,123	1,050,536
Operating Segments | North American Motorized
Segment Reporting Information [Line Items]
NET SALES:	2,445,850	3,314,170	3,979,647
INCOME (LOSS) BEFORE INCOME TAXES:	126,496	255,207	436,604
Operating Segments | European
Segment Reporting Information [Line Items]
NET SALES:	3,364,980	3,037,147	2,887,453
INCOME (LOSS) BEFORE INCOME TAXES:	231,377	179,625	87,116
Other
Segment Reporting Information [Line Items]
NET SALES:	781,927	777,639	1,225,824
INCOME (LOSS) BEFORE INCOME TAXES:	45,299	36,965	110,798
Intercompany eliminations
Segment Reporting Information [Line Items]
NET SALES:	(229,020)	(209,979)	(442,344)
Corporate
Segment Reporting Information [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES:	$ (223,560)	$ (209,567)	$ (225,190)

BUSINESS SEGMENTS - Schedule _2

BUSINESS SEGMENTS - Schedule of Segment Reporting Information, by Segment Balance Sheet Item (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Segment Reporting Information [Line Items]
TOTAL ASSETS:	$ 7,020,823	$ 7,260,830
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	277,145	276,928	$ 284,453
CAPITAL ACQUISITIONS:	139,617	208,908	240,561
Operating Segments
Segment Reporting Information [Line Items]
TOTAL ASSETS:	5,239,241	5,596,183
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	216,336	214,983	225,866
CAPITAL ACQUISITIONS:	103,764	172,545	206,541
Operating Segments | Total North America
Segment Reporting Information [Line Items]
TOTAL ASSETS:	2,367,925	2,698,008
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	89,505	93,519	94,348
CAPITAL ACQUISITIONS:	33,267	106,800	109,213
Operating Segments | North American Towable
Segment Reporting Information [Line Items]
TOTAL ASSETS:	1,290,117	1,429,899
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	54,716	60,880	65,260
CAPITAL ACQUISITIONS:	16,938	63,898	72,892
Operating Segments | North American Motorized
Segment Reporting Information [Line Items]
TOTAL ASSETS:	1,077,808	1,268,109
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	34,789	32,639	29,088
CAPITAL ACQUISITIONS:	16,329	42,902	36,321
Operating Segments | European
Segment Reporting Information [Line Items]
TOTAL ASSETS:	2,871,316	2,898,175
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	126,831	121,464	131,518
CAPITAL ACQUISITIONS:	70,497	65,745	97,328
Other
Segment Reporting Information [Line Items]
TOTAL ASSETS:	1,058,842	1,048,076
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	58,233	60,172	56,855
CAPITAL ACQUISITIONS:	26,108	34,190	33,162
Corporate
Segment Reporting Information [Line Items]
TOTAL ASSETS:	722,740	616,571
DEPRECIATION AND INTANGIBLE ASSET AMORTIZATION EXPENSE:	2,576	1,773	1,732
CAPITAL ACQUISITIONS:	$ 9,745	$ 2,173	$ 858

BUSINESS SEGMENTS - Schedule _3

BUSINESS SEGMENTS - Schedule of Segment Reporting Information, by Segment Geographic Region Item (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Segment Reporting Information [Line Items]
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:	$ 10,043,408	$ 11,121,605	$ 16,312,525
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:	1,390,718	1,387,808
United States
Segment Reporting Information [Line Items]
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:	6,190,597	7,444,023	12,235,760
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:	787,696	806,230
Germany
Segment Reporting Information [Line Items]
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:	2,023,566	1,816,282	1,728,565
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:	448,182	433,136
Other Europe
Segment Reporting Information [Line Items]
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:	1,343,081	1,220,158	1,158,563
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:	137,588	139,188
Canada
Segment Reporting Information [Line Items]
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:	435,839	587,559	1,132,788
Other foreign
Segment Reporting Information [Line Items]
DESTINATION OF NET SALES BY GEOGRAPHIC REGION:	50,325	53,583	$ 56,849
PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC REGION:	$ 17,252	$ 9,254

DERIVATIVES AND HEDGING - Addit

DERIVATIVES AND HEDGING - Additional Information (Details) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Derivative [Line Items]
Foreign currency translation adjustment	$ 7,375,000	$ (27,211,000)	$ 62,244,000
Amount reclassified out of accumulated other comprehensive income	0	0	$ 0
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	22,333,000	25,248,000
Fair value liability	$ 1,137,000	$ 932,000

DERIVATIVES AND HEDGING - Sched

DERIVATIVES AND HEDGING - Schedule of Consolidated Statements of Income and Comprehensive Income Due to Changes in Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Derivative [Line Items]
Gain (loss) recognized in Other comprehensive income (loss), net of tax	$ 0	$ (675)	$ 9,330
Sales
Derivative [Line Items]
Gain (loss) recognized in Other comprehensive income (loss), net of tax	$ (962)	$ 455	$ (723)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net sales	Net sales	Net sales
Interest Expense
Derivative [Line Items]
Gain (loss) recognized in Other comprehensive income (loss), net of tax	$ (160)	$ 1,544	$ (5,270)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Income (Expense), Nonoperating	Interest Income (Expense), Nonoperating	Interest Income (Expense), Nonoperating
Foreign currency forward contracts
Derivative [Line Items]
Gain (loss) recognized in Other comprehensive income (loss), net of tax	$ 0	$ 0	$ 6
Foreign currency forward contracts | Sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI, Net of Tax		(58)	(723)
Amount of (loss) recognized in income, net of tax	(962)	2,742
Foreign currency forward contracts | Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI, Net of Tax		0	0
Amount of (loss) recognized in income, net of tax	0	0
Interest rate swap agreements
Derivative [Line Items]
Gain (loss) recognized in Other comprehensive income (loss), net of tax	0	(675)	9,324
Other comprehensive income, net of tax, before reclassification	0	702	3,626
Interest rate swap agreements | Sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI, Net of Tax		0	0
Amount of (loss) recognized in income, net of tax	0	0	0
Interest rate swap agreements | Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI, Net of Tax		1,377	(5,698)
Amount of (loss) recognized in income, net of tax	$ (160)	167	$ 428
Commodities swap agreements | Sales
Derivative [Line Items]
Amount of (loss) recognized in income, net of tax		(2,229)
Commodities swap agreements | Interest Expense
Derivative [Line Items]
Amount of (loss) recognized in income, net of tax		$ 0

INVENTORIES - Schedule of Major

INVENTORIES - Schedule of Major Classifications of Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Inventory [Line Items]
Work in process	$ 261,043	$ 313,006
Raw materials	434,165	563,614
Chassis	478,220	681,122
Subtotal	1,514,748	1,815,674
Excess of FIFO costs over LIFO costs	(148,110)	(162,604)
Total inventories, net	1,366,638	1,653,070
Recreation Vehicles
Inventory [Line Items]
Finished goods	249,949	164,456
Other
Inventory [Line Items]
Finished goods	$ 91,371	$ 93,476

INVENTORIES - Additional Inform

INVENTORIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Inventory [Line Items]
Inventories	$ 1,514,748	$ 1,815,674
Subsidiaries valued inventory in first-in, first-out method	1,109,062	1,224,069
Subsidiaries valued inventory in last-in, first-out method	405,686	591,605
Effect of liquidation on net income	29,200	$ 8,300
North American Motorized
Inventory [Line Items]
Effect of liquidation on net income	$ 23,900

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Property, Plant and Equipment [Line Items]
Lease right-of-use assets – operating	$ 43,139	$ 47,969
Lease right-of-use assets – finance	4,772	5,518
Total cost	2,118,216	2,011,373
Less: Accumulated depreciation	(727,498)	(623,565)
Property, plant and equipment, net	1,390,718	1,387,808
Land
Property, Plant and Equipment [Line Items]
Property, plant, and equipment	151,164	147,633
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment	1,053,812	1,038,394
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment	738,535	672,499
Rental vehicles
Property, Plant and Equipment [Line Items]
Property, plant, and equipment	$ 126,794	$ 99,360

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL - Schedule of Components of Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Cost	$ 1,720,491	$ 1,728,101
Accumulated Amortization	859,358	731,122
Dealer networks/customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	1,107,396	1,112,273
Accumulated Amortization	610,106	526,327
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	353,435	355,560
Accumulated Amortization	114,272	96,087
Design technology and other intangibles
Finite-Lived Intangible Assets [Line Items]
Cost	258,260	258,868
Accumulated Amortization	133,580	107,483
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Cost	1,400	1,400
Accumulated Amortization	$ 1,400	$ 1,225

INTANGIBLE ASSETS AND GOODWIL_3

INTANGIBLE ASSETS AND GOODWILL - Schedule of Estimated Annual Amortization Expense (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
For the fiscal year ending July 31, 2025	$ 118,489
For the fiscal year ending July 31, 2026	107,233
For the fiscal year ending July 31, 2027	98,525
For the fiscal year ending July 31, 2028	89,691
For the fiscal year ending July 31, 2029	74,378
For the fiscal year ending July 31, 2030 and thereafter	372,817
Estimated annual amortization expense, total	$ 861,133	$ 996,979

INTANGIBLE ASSETS AND GOODWIL_4

INTANGIBLE ASSETS AND GOODWILL - Additional Information (Details) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment charge	$ 0	$ 0	$ 0

INTANGIBLE ASSETS AND GOODWIL_5

INTANGIBLE ASSETS AND GOODWILL - Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 1,800,422	$ 1,804,151
Goodwill acquired	3,635	4,097
Measurement period adjustments		4,682
Foreign currency translation and other	(17,084)	72,375
Deconsolidation of Roadpass Digital		(84,883)
Goodwill, Ending Balance	1,786,973	1,800,422
Other
Goodwill [Roll Forward]
Goodwill, Beginning Balance	431,717	511,918
Goodwill acquired	3,635	0
Measurement period adjustments		4,682
Foreign currency translation and other	0	0
Deconsolidation of Roadpass Digital		(84,883)
Goodwill, Ending Balance	435,352	431,717
Europe | Recreation Vehicles
Goodwill [Roll Forward]
Goodwill, Beginning Balance	965,758	893,383
Goodwill acquired	0	0
Measurement period adjustments		0
Foreign currency translation and other	(17,084)	72,375
Deconsolidation of Roadpass Digital		0
Goodwill, Ending Balance	948,674	965,758
Towables | North America | Recreation Vehicles
Goodwill [Roll Forward]
Goodwill, Beginning Balance	337,883	344,975
Goodwill acquired	0	4,097
Measurement period adjustments		0
Foreign currency translation and other	0	(11,189)
Deconsolidation of Roadpass Digital		0
Goodwill, Ending Balance	337,883	337,883
Motorized | North America | Recreation Vehicles
Goodwill [Roll Forward]
Goodwill, Beginning Balance	65,064	53,875
Goodwill acquired	0	0
Measurement period adjustments		0
Foreign currency translation and other	0	11,189
Deconsolidation of Roadpass Digital		0
Goodwill, Ending Balance	$ 65,064	$ 65,064

INTANGIBLE ASSETS AND GOODWIL_6

INTANGIBLE ASSETS AND GOODWILL - Summary of Components of Goodwill Balance (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Goodwill [Line Items]
Goodwill	$ 1,814,374	$ 1,827,823
Accumulated impairment charges	(27,401)	(27,401)
Net balance	1,786,973	1,800,422	$ 1,804,151
Other
Goodwill [Line Items]
Goodwill	435,352	431,717
Accumulated impairment charges	0	0
Net balance	435,352	431,717	511,918
Europe | Recreational vehicles
Goodwill [Line Items]
Goodwill	948,674	965,758
Accumulated impairment charges	0	0
Net balance	948,674	965,758	893,383
Towables | North America | Recreational vehicles
Goodwill [Line Items]
Goodwill	348,032	348,032
Accumulated impairment charges	(10,149)	(10,149)
Net balance	337,883	337,883	344,975
Motorized | North America | Recreational vehicles
Goodwill [Line Items]
Goodwill	82,316	82,316
Accumulated impairment charges	(17,252)	(17,252)
Net balance	$ 65,064	$ 65,064	$ 53,875

EQUITY INVESTMENTS - Additional

EQUITY INVESTMENTS - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Dec. 30, 2022
Schedule of Equity Method Investments [Line Items]
Equity investments	$ 137,272	$ 126,909
Loss from investments	13,106	10,130
TN-RP Holding LLC
Schedule of Equity Method Investments [Line Items]
Equity investments	$ 137,272	$ 126,909	$ 105,600
TN-RP Holding LLC | Class C-RP Units | TechNexus
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)			100%
TN-RP Holding LLC | Class A-RP Units
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)			100%

EQUITY INVESTMENTS - Schedule o

EQUITY INVESTMENTS - Schedule of Investment and Maximum Exposure to Loss (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023	Dec. 30, 2022
Schedule of Equity Method Investments [Line Items]
Carrying amount of equity investments	$ 137,272	$ 126,909
TN-RP Holding LLC
Schedule of Equity Method Investments [Line Items]
Carrying amount of equity investments	137,272	126,909	$ 105,600
Maximum exposure to loss	$ 144,047	$ 161,459

CONCENTRATION OF RISK (Details)

CONCENTRATION OF RISK (Details) - Freedom Roads, LLC - Customer Concentration Risk	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Revenue Benchmark
Concentration Risk [Line Items]
Concentration risk (as a percent)	14%	13%	13%
Accounts Receivable
Concentration Risk [Line Items]
Concentration risk (as a percent)	10%	13%

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Postemployment Benefits [Abstract]
Employer match and administrative fees for 401(k) plan	$ 4,840	$ 5,179	$ 4,848
Employee deferrals and returns of investments	$ 130,218	$ 110,043

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan mutual fund assets	$ 130,218	$ 110,043
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	310,210	286,984
Deferred compensation plan mutual fund assets	28,985	40,220
Equity investments	1,169	4,105
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap liabilities, net	$ 1,137	$ 932

PRODUCT WARRANTY - Additional I

PRODUCT WARRANTY - Additional Information (Details)	12 Months Ended
	Jul. 31, 2024
Product Warranty One
Product Warranty Liability [Line Items]
Warranty period for retail customers (in years)	1 year
Product Warranty Two
Product Warranty Liability [Line Items]
Warranty period for retail customers (in years)	2 years

PRODUCT WARRANTY - Schedule of

PRODUCT WARRANTY - Schedule of Changes in Product Warranty Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Product Warranty
Beginning balance	$ 345,197	$ 317,908	$ 267,620
Provision	290,491	347,588	339,009
Payments	(323,094)	(324,042)	(290,407)
Acquisitions	0	0	9,828
Foreign currency translation	(967)	3,743	(8,142)
Ending balance	$ 311,627	$ 345,197	$ 317,908

LONG-TERM DEBT - Schedule of Co

LONG-TERM DEBT - Schedule of Components of Long-Term Debt (Details) € in Thousands, $ in Thousands	Jul. 31, 2024 USD ($)	Jul. 31, 2024 EUR (€)	Jul. 31, 2023 USD ($)
Debt Instrument [Line Items]
Senior unsecured notes	$ 1,151,279		$ 1,327,405
Unsecured notes	27,070	€ 25,000	27,558
Other debt	29,848		41,753
Debt issuance costs, net of amortization	(17,364)		(24,726)
Total long-term debt, net of debt issuance costs	1,133,915		1,302,679
Less: Current portion of long-term debt	(32,650)		(11,368)
Total long-term debt, net, less current portion	1,101,265		1,291,311
Term loan
Debt Instrument [Line Items]
Term loan	594,361		758,094
Unsecured Debt | Senior Unsecured Notes Due2029
Debt Instrument [Line Items]
Senior unsecured notes	$ 500,000		$ 500,000

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Details) € in Thousands, $ in Thousands					2 Months Ended	3 Months Ended		12 Months Ended
	Jul. 01, 2024	Nov. 15, 2023 USD ($)	Oct. 14, 2021 USD ($)	Feb. 01, 2019	Sep. 24, 2024 USD ($)	Jan. 31, 2024 USD ($)	Jul. 31, 2023 USD ($)	Jul. 31, 2024 USD ($)	Jul. 31, 2023 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2024 EUR (€)
Line of Credit Facility [Line Items]
Debt expense						$ 14,741
Interest expense						7,566
Gain (loss) on extinguishment of debt						7,175
Financing costs						$ 10,480
Senior unsecured notes							$ 1,327,405	$ 1,151,279	$ 1,327,405
Repayments of line of credit								111,555	100,000	$ 559,035
Unsecured debt							27,558	27,070	27,558		€ 25,000
Interest expense								99,970	92,977	77,324
Amortization of debt issuance costs and extinguishment charges								18,274	11,455	$ 11,322
Asset Based Credit Facility
Line of Credit Facility [Line Items]
Debt Instrument, term (in years)				5 years
Maximum borrowing capacity		$ 1,000,000
Term loan							0	$ 0	0
Unused capacity, commitment fee percentage (as a percent)								0.20%
Minimum coverage ratio								1			1
Coverage ratio threshold percentage								10%			10%
Coverage ratio, threshold amount								$ 60,000
Additional borrowing amount								200,000
Borrowing availability								$ 814,000
Repayments of line of credit			$ 500
Asset Based Credit Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)								0.25%			0.25%
Asset Based Credit Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)								0.50%			0.50%
Asset Based Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum
Line of Credit Facility [Line Items]
Interest rate at period end (as a percent)								1.35%			1.35%
Asset Based Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum
Line of Credit Facility [Line Items]
Interest rate at period end (as a percent)								1.60%			1.60%
Asset Based Credit Facility | Euro Interbank Offered Rate EURIBOR | Minimum
Line of Credit Facility [Line Items]
Interest rate at period end (as a percent)								1.25%			1.25%
Asset Based Credit Facility | Euro Interbank Offered Rate EURIBOR | Maximum
Line of Credit Facility [Line Items]
Interest rate at period end (as a percent)								1.50%			1.50%
Letters of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity								$ 80,000
Swingline Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity								100,000
Term loan
Line of Credit Facility [Line Items]
Debt Instrument, term (in years)				7 years
Term loan							758,094	594,361	758,094
Fair value disclosure							$ 759,487	$ 597,334	$ 759,487
Term loan | Subsequent Event
Line of Credit Facility [Line Items]
Repayments of debt					$ 60,000
Term loan | Us Tranche
Line of Credit Facility [Line Items]
Interest rate, decrease (as a percent)	0.50%	0.25%
Annual principal payment (as percent)		1%
Quarterly principal payment, percent		0.25%
Term loan | Us Tranche | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.25%	1.75%
Term loan | Us Tranche | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread adjustment							0.11448%
Basis spread on variable rate (as a percent)	2.25%	2.75%
Interest rate, stated percentage (as a percent)							8.433%	7.594%	8.433%		7.594%
Senior unsecured notes							$ 271,900	$ 265,000	$ 271,900
Term loan | Euro Tranche
Line of Credit Facility [Line Items]
Interest rate, decrease (as a percent)	0.25%
Interest rate, stated percentage (as a percent)							6.625%	6.346%	6.625%		6.346%
Annual principal payment (as percent)		1%
Quarterly principal payment, percent		0.25%
Senior unsecured notes							$ 486,194		$ 486,194
Term loan								$ 329,361
Term loan | Euro Tranche | Euro Interbank Offered Rate EURIBOR
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)	2.75%	3%
Asset Based Credit Facility | Us Tranche | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread adjustment							0.10%
Unsecured Debt | Senior Unsecured Notes Due2029
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)			4%
Senior unsecured notes							$ 500,000	500,000	500,000
Debt instrument, face amount			$ 500
Fair value disclosure							$ 430,650	$ 450,450	$ 430,650
Unsecured Series One Debt
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)								1.945%			1.945%
Unsecured debt								$ 21,656			€ 20,000
Unsecured Series Two Debt
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)								2.534%			2.534%
Unsecured debt								$ 5,414			€ 5,000
Other Long Term Debt | Minimum
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)								2.38%			2.38%
Other Long Term Debt | Maximum
Line of Credit Facility [Line Items]
Interest rate, stated percentage (as a percent)								2.87%			2.87%

LONG-TERM DEBT - Schedule of To

LONG-TERM DEBT - Schedule of Total Contractual Debt Maturities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Debt Disclosure [Abstract]
For the fiscal year ending July 31, 2025	$ 32,650
For the fiscal year ending July 31, 2026	3,185
For the fiscal year ending July 31, 2027	2,653
For the fiscal year ending July 31, 2028	8,067
For the fiscal year ending July 31, 2029	2,653
For the fiscal year ending July 31, 2030 and thereafter	1,102,071
Total long-term debt, gross	$ 1,151,279	$ 1,327,405

INCOME TAXES - Schedule of Sour

INCOME TAXES - Schedule of Sources of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
United States	$ 115,618	$ 315,939	$ 1,359,841
Foreign	233,226	183,414	100,023
Income before income taxes	$ 348,844	$ 499,353	$ 1,459,864

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
U.S. Federal	$ 52,832	$ 102,919	$ 296,716
U.S. state and local	10,372	14,803	55,159
Foreign	48,242	45,174	17,848
Total current expense	111,446	162,896	369,723
U.S. Federal	(22,236)	(28,819)	(21,317)
U.S. state and local	(4,116)	(3,447)	(2,089)
Foreign	(1,650)	(5,517)	(24,696)
Total deferred expense (benefit)	(28,002)	(37,783)	(48,102)
Total income tax expense	$ 83,444	$ 125,113	$ 321,621

INCOME TAXES - Schedule of Diff

INCOME TAXES - Schedule of Differences between Income Tax Expense at Federal Statutory Rate and Actual Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Provision at federal statutory rate	$ 73,257	$ 104,864	$ 306,571
Differences between U.S. Federal statutory and foreign tax rates	3,821	(41,300)	58,573
Foreign currency remeasurement (gains) losses	(7,621)	33,737	(73,914)
U.S. state and local income taxes, net of federal benefit	4,840	9,524	38,919
Nondeductible compensation	3,976	4,413	5,438
Contingent liability accrual and settlement	(7,456)	0	6,300
Global Intangible Low-Taxed Income	12,068	10,936	2,000
Other	559	2,939	(22,266)
Total income tax expense	$ 83,444	$ 125,113	$ 321,621

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Income Tax Balances (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Inventory basis	$ 10,019	$ 10,226
Employee benefits	10,146	10,306
Self-insurance reserves	5,021	4,968
Accrued product warranties	62,687	71,800
Accrued incentives	7,335	9,110
Sales returns and allowances	2,544	2,282
Accrued expenses	6,409	5,641
Property, plant and equipment	(45,494)	(49,036)
Operating leases	10,970	13,086
Deferred compensation	31,359	29,667
Intangibles	(197,012)	(212,478)
Net operating loss and other carryforwards	30,861	38,064
Unrealized (gain) loss	737
Unrealized (gain) loss		(8,843)
Unrecognized tax benefits	2,161	2,965
Research and development	20,237	10,816
Other	8,709	2,395
Valuation allowance	(12,676)	(10,867)
Deferred income tax (liability), net	$ (45,987)	$ (69,898)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Income Tax [Line Items]
Valuation allowance	$ 11,146
Disallowed interest carryforwards, valuation allowance	992
Unrecognized tax benefits that, if recognized, would affect the company's income tax rate	8,614	$ 11,106	$ 14,461
Total amount of interest and penalties expense recognized	111	$ 523	$ 134
State and Local Jurisdiction
Income Tax [Line Items]
Tax credit carry forward	285
Gross state tax net operating loss carry forwards	739
Net operating loss carry forwards, portion not expected to be realized	323
Net disallowed interest carryforwards	992
Foreign Tax Authority
Income Tax [Line Items]
Gross state tax net operating loss carry forwards	16,303
Net disallowed interest carryforwards	$ 12,779

INCOME TAXES - Schedule of Chan

INCOME TAXES - Schedule of Changes in Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Beginning balance	$ 13,712	$ 17,998	$ 17,025
Tax positions related to prior years: Additions	1,692	649	705
Tax positions related to prior years: Reductions	(1,977)	(1,588)	(1,280)
Tax positions related to current year: Additions	386	974	4,660
Settlements	(2,133)	(2,531)	(2,453)
Lapses in statute of limitations	(1,246)	(1,790)	(3,010)
Tax positions acquired	0	0	2,351
Ending balance	$ 10,434	$ 13,712	$ 17,998

INCOME TAXES - Schedule of Co_2

INCOME TAXES - Schedule of Components of Total Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 10,434	$ 13,712	$ 17,998	$ 17,025
Reduction to unrecognized tax benefits which offset tax credit carryforwards	(605)	(414)
Accrued interest and penalties	2,576	2,694
Total unrecognized tax benefits	12,405	15,992
Short-term, included in “Income and other taxes”	0	1,157
Long-term	$ 12,405	$ 14,835

CONTINGENT LIABILITIES AND CO_2

CONTINGENT LIABILITIES AND COMMITMENTS (Details) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Loss Contingencies [Line Items]
Standby repurchase obligations amount	$ 3,642,137,000	$ 3,893,048,000
Terms of commitments (in months)	18 months
Repurchase and guarantee reserve balances	$ 14,356,000	12,114,000
Losses on repurchase agreements	(7,107,000)	0	$ 0
General and Administrative Expense
Loss Contingencies [Line Items]
Expenses recorded related to product recall costs	$ 17,979,000	$ 0	$ 37,975,000

LEASES - Schedule of Components

LEASES - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating lease cost	$ 32,248	$ 30,200	$ 27,391
Finance lease cost
Amortization of right-of-use assets	746	746	746
Interest on lease liabilities	305	388	471
Total lease cost	$ 33,299	$ 31,334	$ 28,608

LEASES - Schedule of Supplement

LEASES - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 32,167	$ 30,089	$ 27,364
Operating leases	$ 7,960	$ 15,426	$ 21,258

LEASES -Schedule of Supplementa

LEASES -Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 43,139	$ 47,969
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant, and Equipment and Finance Lease and Operating Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease and Operating Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Other current liabilities	$ 11,405	$ 11,238
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Other long-term liabilities	$ 32,007	$ 36,775
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total operating lease liabilities	$ 43,412	$ 48,013
Finance lease right-of-use assets	$ 4,772	$ 5,518
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant, and Equipment and Finance Lease and Operating Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease and Operating Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Other current liabilities	$ 855	$ 754
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other	Other
Other long-term liabilities	$ 1,866	$ 2,722
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total finance lease liabilities	$ 2,721	$ 3,476
Weighted average remaining lease term - operating leases (in years)	9 years 1 month 6 days	9 years 3 months 18 days
Weighted average remaining lease term - financing leases (in years)	2 years 9 months 18 days	3 years 9 months 18 days
Weighted average discount rate - operating leases (as a percent)	4.80%	4.70%
Weighted average discount rate - finance leases (as a percent)	9.70%	9.70%

LEASES - Schedule of Future Min

LEASES - Schedule of Future Minimum Rental Payments Under Operating and Finance Leases (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023
Operating Leases
For the fiscal year ending July 31, 2025	$ 17,182
For the fiscal year ending July 31, 2026	12,169
For the fiscal year ending July 31, 2027	8,204
For the fiscal year ending July 31, 2028	5,135
For the fiscal year ending July 31, 2029	3,310
For the fiscal year ending July 31, 2030 and thereafter	13,678
Total future lease payments	59,678
Less: Amount representing interest	(16,266)
Total reported lease liability	43,412	$ 48,013
Finance Leases
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	0
For the fiscal year ending July 31, 2030 and thereafter	0
Total future lease payments	3,144
Less: Amount representing interest	(423)
Total reported lease liability	$ 2,721	$ 3,476

STOCKHOLDERS' EQUITY - Stock-Ba

STOCKHOLDERS' EQUITY - Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Stock Based Compensation And Stockholders Equity [Line Items]
Total stock-based expense	$ 37,901	$ 39,512	$ 31,421
Tax benefits from stock compensation expense	6,290	6,028	4,260
Total unrecognized compensation costs	$ 36,321
Period for recognition of compensation cost not yet recognized (in years)	1 year 6 months 25 days
2016 Equity Incentive Plan
Stock Based Compensation And Stockholders Equity [Line Items]
Number of shares authorized under stock option plan (in shares)	3,600,000
Number of shares available to be granted (in shares)	823,120
Performance Shares (PSUs) | Share-based Payment Arrangement, Tranche One
Stock Based Compensation And Stockholders Equity [Line Items]
Award vesting rights, minimum of target compensation (as a percent)	50%
Performance Shares (PSUs) | Share-based Payment Arrangement, Tranche Three
Stock Based Compensation And Stockholders Equity [Line Items]
Award vesting rights, minimum of target compensation (as a percent)	150%
Performance Shares (PSUs) | Minimum | Share-based Payment Arrangement, Tranche Two
Stock Based Compensation And Stockholders Equity [Line Items]
Award vesting rights, minimum of target compensation (as a percent)	50%
Performance Shares (PSUs) | Maximum | Share-based Payment Arrangement, Tranche Two
Stock Based Compensation And Stockholders Equity [Line Items]
Award vesting rights, minimum of target compensation (as a percent)	150%
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs)
Stock Based Compensation And Stockholders Equity [Line Items]
Total stock-based expense	$ 37,901	39,512	31,421
Fair value of the RSU and PSU shares	$ 47,282	$ 21,152	$ 48,204

STOCKHOLDERS' EQUITY - Schedule

STOCKHOLDERS' EQUITY - Schedule of Restricted Stock Unit and Performance Stock Unit Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Stock Units
Nonvested, beginning balance (in shares)	1,175,711	682,233	716,485
Granted (in shares)	304,984	805,075	378,999
Vested (in shares)	(515,398)	(284,678)	(407,512)
Forfeited (in shares)	(26,059)	(26,919)	(5,739)
Nonvested, ending balance (in shares)	939,238	1,175,711	682,233
Weighted- Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share)	$ 88.37	$ 103.76	$ 68.70
Granted (in dollars per share)	93.12	77.64	127.51
Vested (in dollars per share)	89.82	93.01	64.19
Forfeited (in dollars per share)	81.35	108.37	105.44
Nonvested, ending balance (in dollars per share)	$ 88.40	$ 88.37	$ 103.76

STOCKHOLDERS' EQUITY - Share Re

STOCKHOLDERS' EQUITY - Share Repurchase Program - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended			31 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2024	Jun. 24, 2022	Dec. 21, 2021
Equity, Class of Treasury Stock [Line Items]
Purchase of treasury shares (in shares)	720,997			3,214,772
Average price of treasury shares acquired (in dollars per share)	$ 94.85			$ 85.70
Purchase of treasury shares	$ 68,387	$ 42,007	$ 165,107	$ 275,501
December Twenty Twenty One Share Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount						$ 250,000
Purchase of treasury shares (in shares)	453,194
Purchase of treasury shares	$ 42,886
Remaining authorized repurchase amount	$ 0			0
June Twenty Twenty Two Share Repurchase Plan
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized amount					$ 448,321
Purchase of treasury shares (in shares)	267,803
Purchase of treasury shares	$ 25,501
Remaining authorized repurchase amount	$ 422,820			$ 422,820

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Disaggregation of Revenue [Line Items]
NET SALES:	$ 10,043,408	$ 11,121,605	$ 16,312,525
Operating Segments
Disaggregation of Revenue [Line Items]
NET SALES:	9,490,501	10,553,945	15,529,045
Operating Segments | Total North America
Disaggregation of Revenue [Line Items]
NET SALES:	6,125,521	7,516,798	12,641,592
Operating Segments | North American Towable
Disaggregation of Revenue [Line Items]
NET SALES:	3,679,671	4,202,628	8,661,945
Operating Segments | North American Motorized
Disaggregation of Revenue [Line Items]
NET SALES:	2,445,850	3,314,170	3,979,647
Operating Segments | European
Disaggregation of Revenue [Line Items]
NET SALES:	3,364,980	3,037,147	2,887,453
Operating Segments | Travel Trailers and Other | North American Towable
Disaggregation of Revenue [Line Items]
NET SALES:	2,395,246	2,587,686	5,430,526
Operating Segments | Fifth Wheels | North American Towable
Disaggregation of Revenue [Line Items]
NET SALES:	1,284,425	1,614,942	3,231,419
Operating Segments | Class A | North American Motorized
Disaggregation of Revenue [Line Items]
NET SALES:	776,836	1,066,617	1,779,295
Operating Segments | Class C | North American Motorized
Disaggregation of Revenue [Line Items]
NET SALES:	1,162,140	1,536,398	1,408,470
Operating Segments | Class B | North American Motorized
Disaggregation of Revenue [Line Items]
NET SALES:	506,874	711,155	791,882
Operating Segments | Motorcaravan | European
Disaggregation of Revenue [Line Items]
NET SALES:	1,747,291	1,409,137	1,457,226
Operating Segments | Campervan | European
Disaggregation of Revenue [Line Items]
NET SALES:	1,064,293	987,623	750,310
Operating Segments | Caravan | European
Disaggregation of Revenue [Line Items]
NET SALES:	235,928	358,415	365,902
Operating Segments | Other RV-related | European
Disaggregation of Revenue [Line Items]
NET SALES:	317,468	281,972	314,015
Other
Disaggregation of Revenue [Line Items]
NET SALES:	781,927	777,639	1,225,824
Intercompany eliminations
Disaggregation of Revenue [Line Items]
NET SALES:	$ (229,020)	$ (209,979)	$ (442,344)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 3,983,398	$ 3,600,654	$ 2,948,106
Total other comprehensive income (loss), net of tax	(26,011)	112,682	(227,661)
Ending balance	4,074,053	3,983,398	3,600,654
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(68,911)	(183,453)	54,152
OCI before reclassifications	(25,073)	114,542	(237,605)
Income taxes associated with OCI before reclassifications	0	0	0
Amounts reclassified from AOCI	0	0	0
Income taxes associated with amounts reclassified from AOCI	0	0	0
Total other comprehensive income (loss), net of tax	(25,073)	114,542	(237,605)
Ending balance	(93,984)	(68,911)	(183,453)
Unrealized Gain (Loss) on Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0	675	(8,655)
OCI before reclassifications	0	847	3,775
Income taxes associated with OCI before reclassifications	0	(203)	(866)
Amounts reclassified from AOCI	0	(1,732)	8,502
Income taxes associated with amounts reclassified from AOCI	0	413	(2,081)
Total other comprehensive income (loss), net of tax	0	(675)	9,330
Ending balance	0	0	675
Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	364	1,171	(876)
OCI before reclassifications	(86)	(807)	2,047
Income taxes associated with OCI before reclassifications	0	0	0
Amounts reclassified from AOCI	0	0	0
Income taxes associated with amounts reclassified from AOCI	0	0	0
Total other comprehensive income (loss), net of tax	(86)	(807)	2,047
Ending balance	278	364	1,171
AOCI, net of tax, Attributable to THOR
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(68,547)	(181,607)	44,621
OCI before reclassifications	(25,159)	114,582	(231,783)
Income taxes associated with OCI before reclassifications	0	(203)	(866)
Amounts reclassified from AOCI	0	(1,732)	8,502
Income taxes associated with amounts reclassified from AOCI	0	413	(2,081)
Total other comprehensive income (loss), net of tax	(25,159)	113,060	(226,228)
Ending balance	(93,706)	(68,547)	(181,607)
Non-controlling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,583)	(2,205)	(772)
OCI before reclassifications	(852)	(378)	(1,433)
Income taxes associated with OCI before reclassifications	0	0	0
Amounts reclassified from AOCI	0	0	0
Income taxes associated with amounts reclassified from AOCI	0	0	0
Total other comprehensive income (loss), net of tax	(852)	(378)	(1,433)
Ending balance	(3,435)	(2,583)	(2,205)
Total AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(71,130)	(183,812)	43,849
OCI before reclassifications	(26,011)	114,204	(233,216)
Income taxes associated with OCI before reclassifications	0	(203)	(866)
Amounts reclassified from AOCI	0	(1,732)	8,502
Income taxes associated with amounts reclassified from AOCI	0	413	(2,081)
Total other comprehensive income (loss), net of tax	(26,011)	112,682	(227,661)
Ending balance	$ (97,141)	$ (71,130)	$ (183,812)

WEATHER DAMAGE AT MANUFACTURI_2

WEATHER DAMAGE AT MANUFACTURING FACILITIES (Details) $ in Thousands	12 Months Ended
	Jul. 31, 2024 USD ($)
Risks and Uncertainties [Abstract]
Self insured retention	$ 1,000
Estimated damages incurred	43,325
Inventory write down estimated loss	64,325
Initial installment of insurance proceeds	$ 20,000