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Segment Information (Tables)

6 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

:

Net sales
			Three Months Ended												Six Months Ended
(in thousands of dollars)			April 1, 2023						April 2, 2022						April 1, 2023						April 2, 2022
Bus (1)			$	273,472					$	188,484					$	486,721					$	300,921
Parts (1)			26,342						19,175						48,825						35,961
Segment net sales			$	299,814					$	207,659					$	535,546					$	336,882

(1) Parts segment revenue includes $1.3 million and $1.1 million for the three months ended April 1, 2023 and April 2, 2022, respectively, and $2.4 million and $1.9 million for the six months ended April 1, 2023 and April 2, 2022, respectively, related to the inter-segment sale of parts that was eliminated by the Bus segment upon consolidation.

Gross profit (loss)
			Three Months Ended												Six Months Ended
(in thousands of dollars)			April 1, 2023						April 2, 2022						April 1, 2023						April 2, 2022
Bus			$	23,099					$	(3,984)					$	19,368					$	5,658
Parts			12,550						7,141						23,738						13,696
Segment gross profit			$	35,649					$	3,157					$	43,106					$	19,354

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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

			Three Months Ended												Six Months Ended
(in thousands of dollars)			April 1, 2023						April 2, 2022						April 1, 2023						April 2, 2022
Segment gross profit			$	35,649					$	3,157					$	43,106					$	19,354
Adjustments:
Selling, general and administrative expenses			(23,205)						(19,858)						(40,037)						(38,091)
Interest expense			(5,192)						(2,491)						(9,388)						(5,573)
Interest income			12						—						12						—
Other (expense) income, net			(342)						744						(578)						1,480
Loss on debt modification			—						—						(537)						(561)
Income (loss) before income taxes			$	6,922					$	(18,448)					$	(7,422)					$	(23,391)

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												Six Months Ended
(in thousands of dollars)			April 1, 2023						April 2, 2022						April 1, 2023						April 2, 2022
United States			$	264,281					$	194,245					$	468,822					$	294,792
Canada			32,234						12,193						62,755						38,497
Rest of world			3,299						1,221						3,969						3,593
Total net sales			$	299,814					$	207,659					$	535,546					$	336,882

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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