Note 4 - Inventories

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Inventory Disclosure [Text Block]

4. Inventories

Inventories consist of the following:

	December 31,
	2025		2024
Finished goods	$	57,836	$	67,897
Work-in-process		16,175		13,337
Truck chassis inventory		18,134		10,146
Raw material and supplies		57,511		45,654
	$	149,656	$	137,034

The inventories in the table above do not include truck chassis inventory financed through a floor plan financing agreement as discussed in Note 8. The Company takes title to truck chassis upon receipt of the inventory through its floor plan agreement and performs upfitting service installations to the truck chassis inventory during the installation period. The floor plan obligation is then assumed by the dealer customer upon delivery.  At December 31, 2025 and 2024, the Company had $4,184 and $2,612 of chassis inventory and related floor plan financing obligation, respectively.  The Company recognizes revenue associated with upfitting and service installations net of the truck chassis.

Unlike the floor plan agreement, the Company does not record inventory related to truck chassis acquired through the bailment pool agreement as these truck chassis are held on consignment. Like the revenue recognized on floor plan arrangement, revenue recognized for upfitting services on chassis acquired through the bailment agreement, are also recognized net of the truck chassis.