XML 81 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions - Allocation of Purchase Price (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
May 01, 2017
Jul. 15, 2016
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Acquisition                              
Working capital adjustment                     $ 5,417        
Payable to former shareholder                           $ 5,487  
Allocation of the purchase price paid to the fair value of the net assets for acquisition                              
Goodwill     $ 241,006       $ 241,006           $ 241,006 241,006  
Revenues     151,825 $ 124,832 $ 163,446 $ 83,964 137,969 $ 125,339 $ 139,371 $ 72,248     524,067 474,927 $ 416,268
Pre-tax operating losses     19,748 $ 11,069 $ 28,080 $ (3,138) $ 21,451 $ 15,081 $ 22,354 $ (5,971)     55,759 $ 52,915 63,696
Maximum                              
Acquisition                              
Percentage of additional earnout payment             50.00%             50.00%  
Henderson                              
Allocation of the purchase price paid to the fair value of the net assets for acquisition                              
Earnout     (352)       $ (529)           (352) $ (529)  
Dejana                              
Acquisition                              
Total consideration   $ 191,544                          
Working capital adjustment   3,989                          
Short-term borrowings (repayments), net   130,000                          
Payment of working capital                             1,428
Discount   650                          
Payment of on hand cash at acquisition   31,994                          
Transactions expenses                             3,422
Adjusted fair value of earn out consideration                     10,373       10,373
Subsequent adjustment                             173
Maximum earnout                     21,487       21,487
Earnout consideration amended period                       2 years      
Contingent consideration in the form of an earnout capped                     $ 26,000       26,000
Fair value of the contingent consideration recognized                             10,200
Allocation of the purchase price paid to the fair value of the net assets for acquisition                              
Accounts receivable   13,509                          
Inventories   20,017                          
Truck chassis floor plan inventory   13,479                          
Prepaid and other current assets   705                          
Property and equipment   5,821                          
Goodwill   77,354                          
Intangible assets   77,800                          
Other assets, long-term   219                          
Accounts payable and other current liabilities   (3,881)                          
Floor plan obligations   (13,479)                          
Earnout   (10,200) $ (2,200)       $ (3,100)           $ (2,200) (3,100)  
Total   181,344                          
Amortization period of goodwill, for income tax purpose                         15 years    
Pro forma Information                              
Net sales                             490,243
Net income                             $ 45,983
Earnings per common share assuming dilution attributable to common shareholders                             $ 2.00
Revenues since acquisition                             $ 65,044
Pre-tax operating income (losses) since acquisition                             $ (1,397)
Dejana | Revolving credit facility                              
Acquisition                              
Short-term borrowings (repayments), net   $ 20,000                          
Arrowhead Equipment, Inc. [Member]                              
Acquisition                              
Total consideration $ 7,385                            
Transactions expenses                           343  
Allocation of the purchase price paid to the fair value of the net assets for acquisition                              
Accounts receivable 852                            
Inventories 1,547                            
Prepaid and other current assets 6                            
Property and equipment 624                            
Goodwill 2,720                            
Intangible assets 2,700                            
Accounts payable and other current liabilities (957)                            
Unfavorable lease (107)                            
Total $ 7,385                            
Amortization period of goodwill, for income tax purpose                       15 years      
Pro forma Information                              
Revenues since acquisition                           7,964  
Pre-tax operating income (losses) since acquisition                           $ 607