WINNEBAGO INDUSTRIES INC Goodwill & Intangibles Disclosure
| (in millions) | Towable RV | Motorhome RV | Marine | Corporate / All Other | Total | ||||||||||||||||||||||||
| Balances at August 26, 2023 | $ | 244.7 | $ | 73.1 | $ | 166.4 | $ | 30.3 | $ | 514.5 | |||||||||||||||||||
| Impairment | — | — | (30.3) | — | (30.3) | ||||||||||||||||||||||||
Balances at August 31, 2024 and August 30, 2025(1) | $ | 244.7 | $ | 73.1 | $ | 136.1 | $ | 30.3 | $ | 484.2 | |||||||||||||||||||
| August 30, 2025 | |||||||||||||||||
| (in millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Value | ||||||||||||||
| Indefinite-lived trade names | $ | 352.3 | $ | — | $ | 352.3 | |||||||||||
| Finite-lived trade name | 4.1 | 1.4 | 2.7 | ||||||||||||||
| Dealer networks/customer relationships | 183.6 | 107.1 | 76.5 | ||||||||||||||
| Backlog | 43.6 | 43.6 | — | ||||||||||||||
| Developed technology | 38.3 | 12.9 | 25.4 | ||||||||||||||
| Non-compete agreements | 6.6 | 6.6 | — | ||||||||||||||
| Other intangible assets | $ | 628.5 | $ | 171.6 | $ | 456.9 | |||||||||||
| August 31, 2024 | |||||||||||||||||
| (in millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Value | ||||||||||||||
| Indefinite-lived trade names | $ | 352.3 | $ | — | $ | 352.3 | |||||||||||
| Finite-lived trade name | 4.1 | 0.8 | 3.3 | ||||||||||||||
| Dealer networks/customer relationships | 183.6 | 91.5 | 92.1 | ||||||||||||||
| Backlog | 43.6 | 43.2 | 0.4 | ||||||||||||||
| Developed technology | 38.3 | 7.4 | 30.9 | ||||||||||||||
| Non-compete agreements | 6.6 | 6.6 | — | ||||||||||||||
| Other intangible assets | $ | 628.5 | $ | 149.5 | $ | 479.0 | |||||||||||
| (in millions) | Amortization | ||||
| Fiscal 2026 | $ | 21.7 | |||
| Fiscal 2027 | 21.7 | ||||
| Fiscal 2028 | 21.4 | ||||
| Fiscal 2029 | 15.5 | ||||
| Fiscal 2030 | 12.3 | ||||
| Thereafter | 12.0 | ||||
| Total amortization expense remaining | $ | 104.6 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Oct 22, 2025 | Showing above |
| 2024 | Oct 23, 2024 | |
| 2023 | Oct 18, 2023 | |
| 2022 | Oct 19, 2022 | |
| 2021 | Oct 20, 2021 | |
| 2020 | Oct 21, 2020 | |
| 2019 | Oct 23, 2019 | |
| 2018 | Oct 18, 2018 | |
| 2017 | Oct 20, 2017 | |
| 2016 | Oct 18, 2016 | |
| 2015 | Oct 27, 2015 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.