Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue From Contract With Customer [Abstract]

Revenue by customer and timing recognition

Year Ended December 31, 2018	Work Truck Attachments	Work Truck Solutions	Corporate and Eliminations	Total Revenue
Independent dealer	$ 327,054	$ 82,330	$ -	$ 409,384
Government	52,582	-	-	52,582
Fleet	-	58,500	-	58,500
Other	-	13,234	(9,633)	3,601
Total revenue	$ 379,636	$ 154,064	$ (9,633)	$ 524,067

Revenue by timing of revenue recognition was as follows:

Year Ended December 31, 2018	Work Truck Attachments	Work Truck Solutions	Corporate and Eliminations	Total Revenue
Point in time	$ 379,636	$ 59,114	$ (9,633)	$ 429,117
Over time	-	94,950	-	94,950
Total revenue	$ 379,636	$ 154,064	$ (9,633)	$ 524,067

Contract Balances

Year Ended December 31, 2018		Balance at Beginning of Period		Additions		Deductions		Balance at End of Period
Contract liabilities	$	2,048	$	12,131	$	(12,173)	$	2,006

Impact of New Revenue Guidance on Financial Statement Line Items

	Year Ended December 31, 2018
	As Reported	Balances without adoption of Topic 606	Effect of Change Higher/(Lower)
Net sales	$ 524,067	$ 523,768	$ 299
Cost of sales	369,177	368,913	264
Gross profit	154,890	154,855	35
Income from operations	73,460	73,425	35
Income tax expense	11,854	11,845	9
Net income	$ 43,905	$ 43,879	$ 26
Earnings per common share:
Basic	$ 1.91	$ -	$ 1.91
Diluted	$ 1.89	$ -	$ 1.89

In accordance with Topic 606, the disclosure of the impact of adoption to the condensed consolidated balance sheet was as follows:

	As of December 31, 2018
	As Reported	Balances without adoption of Topic 606	Effect of Change Higher/(Lower)
Assets:
Accounts Receivable	$ 81,485	$ 78,801	$ 2,684
Inventory	81,996	84,135	(2,139)
Liabilities:
Deferred tax liability	48,198	48,056	142
Shareholder's Equity:
Retained Earnings	136,765	136,388	377