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Segments
 12 Months Ended
Dec. 31, 2016
Segments  
Segments

15. Segments

As a result of the Dejana acquisition which closed on July 15, 2016, the Company operates through two operating segments for which separate financial information is available, and for which operating results are evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance.   Prior to the acquisition of Dejana, the Company operated one operating segment and one reportable business segment which consisted of the manufacture and sale of snow and ice control products. The Company’s two current reportable business segments are described below. 

Work Truck Attachments.  The Work Truck Attachments segment includes snow and ice management attachments sold under the FISHER®, WESTERN®, HENDERSON® and SNOWEX® brands.  This segment consists of the Company’s operations that, prior to the acquisition of Dejana, was a single operating segment, consisting of the manufacture and sale of snow and ice control products.

Work Truck Solutions.  The Work Truck Solutions segment, which was created as a result of the Dejana acquisition, includes the up-fit of market leading attachments and storage solutions for commercial work vehicles under the DEJANA® brand and its related sub-brands.

Segment performance is evaluated based on segment net sales, gross margin and operating income. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts that include various support functions, such as information technology, corporate finance, legal, executive administration and human resources..    No single customer’s revenues amounted to 10% or more of the Company’s total revenue. Sales are primarily within the United States and substantially all assets are located within the United States.

The following table shows summarized financial information concerning the Company’s reportable segments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Work Truck Attachments

$
360,638

 

$
399,907

 

$
303,178

 

Work Truck Solutions

 
65,044

 

 

 -

 

 

 -

 

Corporate & Eliminations

 
(9,414)

 

 
501

 

 
333

 

 

$
416,268

 

$
400,408

 

$
303,511

 

Selling, general, and administrative expense

 

 

 

 

 

 

 

 

 

Work Truck Attachments

$
31,181

 

$
33,307

 

$
23,539

 

Work Truck Solutions

 
7,303

 

 

 -

 

 

 -

 

Corporate & Eliminations

 
15,776

 

 
14,843

 

 
14,767

 

 

$
54,260

 

$
48,150

 

$
38,306

 

Income (loss) from operations

 

 

 

 

 

 

 

 

 

Work Truck Attachments

$
85,888

 

$
93,489

 

$
88,045

 

Work Truck Solutions

 
3,077

 

 

 -

 

 

 -

 

Corporate & Eliminations

 
(19,847)

 

 
(16,138)

 

 
(15,828)

 

 

$
69,118

 

$
77,351

 

$
72,217

 

Depreciation Expense

 

 

 

 

 

 

 

 

 

Work Truck Attachments

$
5,377

 

$
4,723

 

$
3,169

 

Work Truck Solutions

 
572

 

 

 -

 

 

 -

 

Corporate & Eliminations

 
197

 

 
196

 

 
253

 

 

$
6,146

 

$
4,919

 

$
3,422

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Work Truck Attachments

$
439,937

 

$
452,077

 

$
444,172

 

Work Truck Solutions

 
203,811

 

 

 -

 

 

 -

 

Corporate & Eliminations

 
28,151

 

 
51,089

 

 
33,786

 

 

$
671,899

 

$
503,166

 

$
477,958

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

Work Truck Attachments

$
8,752

 

$
9,980

 

$
5,010

 

Work Truck Solutions

 
1,078

 

 

 -

 

 

 -

 

Corporate & Eliminations

 

 -

 

 
29

 

 
244

 

 

$
9,830

 

$
10,009

 

$
5,254