XML 51 R38.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENTS (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Reportable Segment Information
Reportable segment information is as follows (in thousands):
Three Months Ended September 30, 2020Commercial
Trailer Products
Diversified
Products
Final Mile
Products
Corporate and
Eliminations
Consolidated
Net sales
External customers$226,324 $69,912 $55,348 $— $351,584 
Intersegment sales192 2,108 — (2,300)— 
Total net sales$226,516 $72,020 $55,348 $(2,300)$351,584 
Income (loss) from operations$19,659 $4,188 $(4,442)$(10,997)$8,408 
Assets$326,908 $287,788 $387,489 $193,897 $1,196,082 
Three Months Ended September 30, 2019Commercial
Trailer Products
Diversified
Products
Final Mile
Products
Corporate and
Eliminations
Consolidated
Net sales
External customers$380,062 $87,342 $113,504 $— $580,908 
Intersegment sales282 5,839 — (6,121)— 
Total net sales$380,344 $93,181 $113,504 $(6,121)$580,908 
Income (loss) from operations$36,503 $7,183 $4,628 $(10,045)$38,269 
Assets$364,436 $327,343 $507,402 $179,422 $1,378,603 
Nine Months Ended September 30, 2020Commercial
Trailer Products
Diversified
Products
Final Mile
Products
Corporate and
Eliminations
Consolidated
Net sales
External customers$709,516 $201,845 $166,450 $— $1,077,811 
Intersegment sales229 17,084 — (17,313)— 
Total net sales$709,745 $218,929 $166,450 $(17,313)$1,077,811 
Income (loss) from operations$54,129 $360 $(119,052)$(31,086)$(95,649)
Assets$326,908 $287,788 $387,489 $193,897 $1,196,082 
Nine Months Ended September 30, 2019Commercial
Trailer Products
Diversified
Products
Final Mile
Products
Corporate and
Eliminations
Consolidated
Net sales
External customers$1,120,608 $270,357 $349,170 $— $1,740,135 
Intersegment sales1,645 19,498 — (21,143)— 
Total net sales$1,122,253 $289,855 $349,170 $(21,143)$1,740,135 
Income (loss) from operations$102,742 $24,138 $15,718 $(31,593)$111,005 
Assets$364,436 $327,343 $507,402 $179,422 $1,378,603 
Major Product Categories and Percentage of Consolidated Net Sales The following table sets forth the major product categories and their percentage of consolidated net sales (dollars in thousands):
Three Months Ended September 30, 2020Commercial
Trailer Products
Diversified
Products
Final Mile
Products
EliminationsConsolidated
New trailers$215,609 $37,455 $— $— $253,064 72.0 %
Used trailers522 1,439 — — 1,961 0.6 %
Components, parts and service9,371 16,607 3,103 (2,300)26,781 7.6 %
Equipment and other1,014 16,519 52,245 — 69,778 19.8 %
Total net sales$226,516 $72,020 $55,348 $(2,300)$351,584 100.0 %
Three Months Ended September 30, 2019Commercial
Trailer Products
Diversified
Products
Final Mile
Products
EliminationsConsolidated
New trailers$366,938 $51,697 $— $— $418,635 72.1 %
Used trailers86 417 — — 503 0.1 %
Components, parts and service10,039 23,790 4,302 (5,960)32,171 5.5 %
Equipment and other3,281 17,277 109,202 (161)129,599 22.3 %
Total net sales$380,344 $93,181 $113,504 $(6,121)$580,908 100.0 %
Nine Months Ended September 30, 2020Commercial
Trailer Products
Diversified
Products
Final Mile
Products
EliminationsConsolidated
New trailers$672,263 $108,943 $— $— $781,206 72.5 %
Used trailers3,113 3,972 — — 7,085 0.7 %
Components, parts and service28,214 64,855 9,278 (17,284)85,063 7.9 %
Equipment and other6,155 41,159 157,172 (29)204,457 19.0 %
Total net sales$709,745 $218,929 $166,450 $(17,313)$1,077,811 100.0 %
Nine Months Ended September 30, 2019Commercial
Trailer Products
Diversified
Products
Final Mile
Products
EliminationsConsolidated
New trailers$1,078,599 $146,821 $— $— $1,225,420 70.4 %
Used trailers236 1,743 — — 1,979 0.1 %
Components, parts and service30,994 88,681 12,165 (20,455)111,385 6.4 %
Equipment and other12,424 52,610 337,005 (688)401,351 23.1 %
Total net sales$1,122,253 $289,855 $349,170 $(21,143)$1,740,135 100.0 %