Segment Information (Tables)

9 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The tables below present segment net sales and gross profit for the periods presented:

Net sales
	Three Months Ended				Nine Months Ended
(in thousands of dollars)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Bus (1)	$	186,631	$	181,735	$	487,552	$	449,876
Parts (1)	19,452		14,924		55,413		41,915
Segment net sales	$	206,083	$	196,659	$	542,965	$	491,791

(1) Parts segment revenue includes $0.7 million and $0.9 million for the three months ended July 2, 2022 and July 3, 2021, respectively, and $2.6 million and $2.9 million for the nine months ended July 2, 2022 and July 3, 2021, respectively, related to inter-segment sales of parts that were eliminated by the Bus segment upon consolidation.

Gross profit
	Three Months Ended				Nine Months Ended
(in thousands of dollars)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Bus	$	13,632	$	20,471	$	19,290	$	43,265
Parts	7,961		5,688		21,657		15,855
Segment gross profit	$	21,593	$	26,159	$	40,947	$	59,120

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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

	Three Months Ended				Nine Months Ended
(in thousands of dollars)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Segment gross profit	$	21,593	$	26,159	$	40,947	$	59,120
Adjustments:
Selling, general and administrative expenses	(20,505)		(18,073)		(58,596)		(50,124)
Interest expense	(3,908)		(2,805)		(9,481)		(7,069)
Interest income	—		—		—		1
Other income, net	735		426		2,215		1,491
Loss on debt modification	—		—		(561)		(598)
(Loss) income before income taxes	$	(2,085)	$	5,707	$	(25,476)	$	2,821

Revenue from External Customers by Geographic Areas

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

	Three Months Ended				Nine Months Ended
(in thousands of dollars)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
United States	$	193,571	$	179,850	$	488,363	$	436,286
Canada	12,009		15,072		50,506		49,257
Rest of world	503		1,737		4,096		6,248
Total net sales	$	206,083	$	196,659	$	542,965	$	491,791