Segments (Table)

6 Months Ended

Jun. 30, 2020

Segments

Schedule of assets and profit/loss of the segments

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30,		June 30,		June 30,		June 30,
		2020		2019		2020		2019
Net sales
Work Truck Attachments	$	73,830	$	112,244	$	92,950	$	138,061
Work Truck Solutions		46,213		64,112		95,283		131,482
	$	120,043	$	176,356	$	188,233	$	269,543
Adjusted EBITDA
Work Truck Attachments	$	20,448	$	38,466	$	18,372	$	40,750
Work Truck Solutions		(116)		5,644		245		12,379
	$	20,332	$	44,110	$	18,617	$	53,129
Depreciation and amortization expense
Work Truck Attachments	$	2,652	$	2,522	$	5,311	$	5,055
Work Truck Solutions		2,251		2,277		4,486		4,552
	$	4,903	$	4,799	$	9,797	$	9,607
Assets
Work Truck Attachments	$	373,378	$	374,687
Work Truck Solutions		211,509		349,189
	$	584,887	$	723,876
Capital Expenditures
Work Truck Attachments	$	2,397	$	3,643	$	4,255	$	4,254
Work Truck Solutions		339		997		735		1,074
	$	2,736	$	4,640	$	4,990	$	5,328

Schedule of Reconciliation of Operating Profit (Loss)

Adjusted EBITDA
Work Truck Attachments	$	20,448	$	38,466	$	18,372	$	40,750
Work Truck Solutions		(116)		5,644		245		12,379
Total Adjusted EBITDA	$	20,332	$	44,110	$	18,617	$	53,129
Less items to reconcile Adjusted EBITDA to Income (Loss) before taxes:
Interest expense - net		5,662		4,189		10,702		8,339
Depreciation expense		2,164		2,060		4,320		4,127
Amortization		2,739		2,739		5,477		5,480
Purchase accounting (1)		(2,000)		-		(2,017)		(217)
Stock based compensation		1,201		1,482		2,569		2,536
Impairment charges		127,872		-		127,872		-
Debt modification expense		3,192		-		3,192		-
COVID-19 (2)		848		-		1,165		-
Other charges (3)		(31)		(133)		-		(149)
Income (loss) before taxes	$	(121,315)	$	33,773	$	(134,663)	$	33,013
(1) - Reflects $2,000 reversal of earn-out compensation acquired in conjunction with the acquisition of Dejana in the periods presented. Reflects $17 and $217 reversal of earn-out compensation in conjunction with the acquisition of Henderson in the six months ended June 30, 2020 and 2019, respectively.
(2) - Reflects incremental costs incurred related to the COVID-19 pandemic for the periods presented.
(3) - Reflects one time, unrelated legal and consulting fees for the periods presented.