Note 7 - Business Segments

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

7

- BUSINESS SEGMENTS

We identify our reportable segments based on management structure and the financial data utilized by the chief operating decision makers to assess segment performance and allocate resources among our operating units. We have three reportable segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles.

Our Emergency Response Vehicles segment manufactures chassis and complete vehicles for the emergency response market with operations in Charlotte, Michigan; Brandon, South Dakota; and Ephrata, Pennsylvania. Our Delivery and Service Vehicles segment manufactures walk-in vans and truck bodies at our Bristol and Wakarusa, Indiana facilities, and distributes related aftermarket parts for vehicles used in delivery and service businesses. Our Specialty Chassis and Vehicles segment is comprised of the Spartan USA operations located in Charlotte, Michigan that engineer and manufacture motor home chassis and defense and other specialty vehicles and distribute aftermarket parts and assemblies related to motor homes, defense vehicles and emergency response vehicles.

Appropriate expense amounts are allocated to the three reportable segments and are included in their reported operating income or loss.

The accounting policies of the segments are the same as those described, or referred to, in Note 1 - General and Summary of Accounting Policies. Assets and related depreciation expense in the column labeled “Other” pertain to capital assets maintained at the corporate level. Segment loss from operations in the “Other” column contains corporate related expenses not allocable to the operating segments. Interest expense and Taxes on income are not included in the information utilized by the chief operating decision maker to assess segment performance and allocate resources, and accordingly, are excluded from the segment results presented below. Intercompany transactions between operating segments were immaterial in all periods presented.

Three Months Ended June 30, 201

5

	Emergency Response Vehicles			Delivery & Service Vehicles		Specialty Chassis & Vehicles		Other			Consolidated
Emergency Response Vehicles Sales	$	61,249		$	-	$	-	$	-		$	61,249
Delivery & Service Vehicles Sales		-			45,038		-		-			45,038
Motorhome Chassis Sales		-			-		19,714		-			19,714
Other Specialty Chassis and Vehicles Sales		-			-		5,904		-			5,904
Aftermarket Parts and Assemblies Sales		-			7,802		5,117		-			12,919
Total Sales	$	61,249		$	52,840	$	30,735	$	-		$	144,824
Depreciation and Amortization Expense	$	249		$	894	$	96	$	567		$	1,806
Operating Income (Loss)	$	(1,221	)	$	3,293	$	1,991	$	(1,718	)	$	2,345
Capital Expenditures	$	352		$	257	$	180	$	303		$	1,092

Three Months Ended June 30, 2014

	Emergency Response Vehicles			Delivery & Service Vehicles		Specialty Chassis & Vehicles		Other			Consolidated
Emergency Response Vehicles Sales	$	42,118		$	-	$	-	$	-		$	42,118
Delivery & Service Vehicles Sales		-			44,639		-		-			44,639
Motorhome Chassis Sales		-			-		17,799		-			17,799
Other Specialty Chassis and Vehicles Sales		-			-		2,176		-			2,176
Aftermarket Parts and Assemblies Sales		-			4,894		4,169		-			9,063
Total Sales	$	42,118		$	49,533	$	24,144	$	-		$	115,795
Depreciation and Amortization Expense	$	249		$	1,122	$	188	$	601		$	2,160
Operating Income (Loss)	$	(1,461	)	$	1,683	$	1,426	$	(1,617	)	$	31
Capital Expenditures	$	199		$	230	$	72	$	511		$	1,012

Six Months Ended June 30, 201

5

	Emergency Response Vehicles			Delivery & Service Vehicles		Specialty Chassis & Vehicles		Other			Consolidated
Emergency Response Vehicles Sales	$	104,455		$	-	$	-	$	-		$	104,455
Delivery & Service Vehicles Sales		-			93,072		-		-			93,072
Motorhome Chassis Sales		-			-		43,063		-			43,063
Other Specialty Chassis and Vehicles Sales		-			-		8,441		-			8,441
Aftermarket Parts and Assemblies Sales		-			14,659		9,506		-			24,165
Total Sales	$	104,455		$	107,731	$	61,010	$	-		$	273,196
Depreciation and Amortization Expense	$	444		$	1,804	$	194	$	1,133		$	3,575
Operating Income (Loss)	$	(6,607	)	$	5,943	$	2,957	$	(4,305	)	$	(2,012	)
Segment Assets	$	78,845		$	72,148	$	15,838	$	76,060		$	242,891
Capital Expenditures	$	765		$	506	$	317	$	887		$	2,475

Six Months Ended June 30, 2014

	Emergency Response Vehicles			Delivery & Service Vehicles		Specialty Chassis & Vehicles		Other			Consolidated
Emergency Response Vehicles Sales	$	78,060		$	-	$	-	$	-		$	78,060
Delivery & Service Vehicles Sales		-			103,610		-		-			103,610
Motorhome Chassis Sales		-			-		39,584		-			39,584
Other Specialty Chassis and Vehicles Sales		-			-		4,196		-			4,196
Aftermarket Parts and Assemblies Sales		-			11,099		7,205		-			18,304
Total Sales	$	78,060		$	114,709	$	50,985	$	-		$	243,754
Depreciation and Amortization Expense	$	508		$	2,235	$	481	$	1,195		$	4,419
Operating Income (Loss)	$	(5,125	)	$	4,279	$	2,059	$	(4,724	)	$	(3,511	)
Segment Assets	$	87,811		$	74,655	$	21,843	$	71,999		$	256,308
Capital Expenditures	$	242		$	370	$	167	$	1,089		$	1,868