Note 15 - Segments (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2024		2023		2024		2023
Net sales
Work Truck Attachments	$	60,249	$	75,879	$	202,226	$	236,346
Work Truck Solutions		69,149		68,242		222,729		197,587
	$	129,398	$	144,121	$	424,955	$	433,933
Adjusted EBITDA
Work Truck Attachments	$	8,139	$	12,328	$	39,463	$	44,393
Work Truck Solutions		7,192		4,985		21,097		8,807
	$	15,331	$	17,313	$	60,560	$	53,200
Depreciation and amortization expense
Work Truck Attachments	$	2,235	$	3,298	$	7,945	$	10,039
Work Truck Solutions		2,042		2,083		6,084		6,141
	$	4,277	$	5,381	$	14,029	$	16,180
Assets
Work Truck Attachments	$	437,402	$	459,138
Work Truck Solutions		228,185		212,807
	$	665,587	$	671,945
Capital Expenditures
Work Truck Attachments	$	738	$	1,320	$	1,872	$	4,185
Work Truck Solutions		348		1,335		1,659		2,707
	$	1,086	$	2,655	$	3,531	$	6,892

Adjusted EBITDA
Work Truck Attachments	$	8,139		$	12,328	$	39,463		$	44,393
Work Truck Solutions		7,192			4,985		21,097			8,807
Total Adjusted EBITDA	$	15,331		$	17,313	$	60,560		$	53,200
Less items to reconcile Adjusted EBITDA to Income before taxes:
Interest expense - net		4,469			4,607		12,116			11,207
Depreciation expense		2,647			2,751		8,139			8,290
Amortization		1,630			2,630		5,890			7,890
Sale leaseback transaction fees		5,257			-		5,257			-
Stock based compensation		794			-		3,627			4,236
Restructuring and severance costs		417			-		1,819			-
Impairment charges (1)		-			-		1,224			-
Gain on sale leaseback transaction		(42,298	)		-		(42,298	)		-
Other charges (2)		675			396		862			538
Income before taxes	$	41,740		$	6,929	$	63,924		$	21,039