Segment Information

3 Months Ended

Jan. 04, 2020

Segment Reporting [Abstract]

Segment Information

7. Segment Information

We manage our business in two operating segments: (i) the Bus segment, which includes the manufacturing and assembly of buses to be sold to a variety of customers across the United States, Canada and in international markets; and (ii) the Parts segment, which consists primarily of the purchase of parts from third parties to be sold to dealers within the Company’s network. The tables below present segment net sales and gross profit for the periods presented:

Net sales

	Three Months Ended
(in thousands of dollars)	January 4, 2020		December 29, 2018
Bus (1)	$	134,772	$	139,210
Parts (1)	18,445		15,716
Segment net sales	$	153,217	$	154,926

(1) Parts segment revenue includes $1.2 million and $0.6 million for the three months ended January 4, 2020 and December 29, 2018, respectively, related to inter-segment sales of parts that were eliminated by the Bus segment upon consolidation.

Gross profit

	Three Months Ended
(in thousands of dollars)	January 4, 2020		December 29, 2018
Bus	$	14,867	$	13,515
Parts	6,433		5,595
Segment gross profit	$	21,300	$	19,110

The following table is a reconciliation of segment gross profit to consolidated loss before income taxes for the periods presented:

	Three Months Ended
(in thousands of dollars)	January 4, 2020			December 29, 2018
Segment gross profit	$	21,300		$	19,110
Adjustments:
Selling, general and administrative expenses	(20,495		)	(17,273		)
Interest expense	(1,897		)	(2,874		)
Interest income	—			9
Other income (expense), net	194			(349		)
Loss before income taxes	$	(898	)	$	(1,377	)

Sales are attributable to geographic areas based on customer location and were as follows for the periods presented:

	Three Months Ended
(in thousands of dollars)	January 4, 2020		December 29, 2018
United States	$	136,266	$	151,485
Canada	13,156		3,076
Rest of world	3,795		365
Total net sales	$	153,217	$	154,926