Segments (Table)

12 Months Ended

Dec. 31, 2019

Segments

Schedule of assets and profit/loss of the segments

		2019		2018		2017
Net sales
Work Truck Attachments	$	293,630	$	275,244	$	238,889
Work Truck Solutions		278,080		248,823		236,038
	$	571,710	$	524,067	$	474,927
Adjusted EBITDA
Work Truck Attachments	$	80,747	$	80,396	$	64,101
Work Truck Solutions		27,358		16,047		26,826
	$	108,105	$	96,443	$	90,927
Depreciation and amortization expense
Work Truck Attachments	$	10,217	$	9,609	$	9,536
Work Truck Solutions		8,995		9,476		9,048
	$	19,212	$	19,085	$	18,584
Assets
Work Truck Attachments	$	361,876	$	348,714	$	352,706
Work Truck Solutions		343,819		327,479		332,470
	$	705,695	$	676,193	$	685,176
Capital expenditures
Work Truck Attachments	$	9,417	$	6,931	$	5,437
Work Truck Solutions		2,246		2,917		2,943
	$	11,663	$	9,848	$	8,380

Adjusted EBITDA
Work Truck Attachments	$	80,747	$	80,396	$	64,101
Work Truck Solutions		27,358		16,047		26,826
Total Adjusted EBITDA	$	108,105	$	96,443	$	90,927
Less items to reconcile Adjusted EBITDA to Income before taxes:
Interest expense - net		16,782		16,943		18,336
Depreciation expense		8,256		7,613		7,183
Amortization		10,956		11,472		11,401
Purchase accounting (1)		(417)		(900)		(1,786)
Stock based compensation		3,239		4,550		3,500
Litigation proceeds		(200)		-		(1,275)
Pension termination		6,609		-		-
Other charges (2)		263		1,006		653
Income before taxes	$	62,617	$	55,759	$	52,915