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Note 6 - Valuation Accounts | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] |
6. | VALUATION ACCOUNTS:
Valuation and allowance accounts include the following (in thousands):
|  | Balance Beginning of Year |  |  | Net Charged to Costs and Expenses |  |  | Net Write- Offs |  |  | Balance End of Year |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for accounts receivable |  | $ | 987 |  |  | $ | 2,065 |  |  | $ | (2,038 | ) |  | $ | 1,014 |
Reserve for warranty receivables |  |  | 429 |  |  |  | 1,661 |  |  |  | (1,680 | ) |  |  | 410 |
Reserve for parts inventory |  |  | 7,050 |  |  |  | 4,460 |  |  |  | (3,849 | ) |  |  | 7,661 |
Reserve for commercial vehicle inventory |  |  | 4,587 |  |  |  | 12,489 |  |  |  | (7,474 | ) |  |  | 9,602 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for accounts receivable |  | $ | 616 |  |  | $ | 2,183 |  |  | $ | (1,812 | ) |  | $ | 987 |
Reserve for warranty receivables |  |  | 210 |  |  |  | 2,031 |  |  |  | (1,812 | ) |  |  | 429 |
Reserve for parts inventory |  |  | 6,230 |  |  |  | 2,744 |  |  |  | (1,924 | ) |  |  | 7,050 |
Reserve for commercial vehicle inventory |  |  | 5,953 |  |  |  | 3,550 |  |  |  | (4,916 | ) |  |  | 4,587 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for accounts receivable |  | $ | 549 |  |  | $ | 625 |  |  | $ | (558 | ) |  | $ | 616 |
Reserve for warranty receivables |  |  | 114 |  |  |  | 713 |  |  |  | (617 | ) |  |  | 210 |
Reserve for parts inventory |  |  | 4,885 |  |  |  | 1,414 |  |  |  | (69 | ) |  |  | 6,230 |
Reserve for commercial vehicle inventory |  |  | 5,102 |  |  |  | 5,997 |  |  |  | (5,146 | ) |  |  | 5,953 |
Allowance for Doubtful Receivables The Company sells a majority of its customer accounts receivable on a non-recourse basis to a third-party that is responsible for qualifying the customer for credit at the point of sale. If the third-party approves the customer for credit, then the third-party assumes all credit risk related to the transaction. For accounts receivable that the Company does not sell or that are sold with recourse to the Company, an allowance for doubtful receivables is provided after considering historical loss experience and other factors that might affect the collection of such accounts receivable. The Company provides an allowance for uncollectible warranty receivables. The Company evaluates the collectability of its warranty claims receivable based on a combination of factors, including aging and correspondence with the applicable manufacturer. Management reviews the warranty claims receivable aging and adjusts the allowance based on historical experience. The Company records charge-offs related to warranty receivables after it is determined that a receivable will not be fully collected. Inventory The Company provides a reserve for obsolete and slow moving parts. The reserve is reviewed and, if necessary, adjustments are made on a quarterly basis. The Company relies on historical information to support its reserve. Once the inventory is written down, the Company does not reverse any reserve balance until the inventory is sold. The valuation for new and used commercial vehicle inventory is based on specific identification. A detail of new and used commercial vehicle inventory is reviewed and, if necessary, adjustments to the value of specific vehicles are made on a quarterly basis.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690 + Details
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