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Segments (Tables) | 3 Months Ended
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Mar. 31, 2022
Segments |
Schedule of Reconciliation of Operating Profit (Loss) | All intersegment sales are eliminated in consolidation. Sales between Work Truck Attachments and Work Truck Solutions reflect the Company’s intercompany pricing policy. The following table shows summarized financial information concerning the Company’s reportable segments:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Three Months Ended | ​
​ | March 31, | ​ | March 31, | ​
​ | ​ | 2022 | ​ | ​ | 2021 | ​
Net sales | ​ | ​ | ​ | ​ | ​ | ​
Work Truck Attachments | $ | 45,776 | ​ | $ | 41,981 | ​
Work Truck Solutions | ​ | 56,825 | ​ | ​ | 61,361 | ​
​ | $ | 102,601 | ​ | $ | 103,342 | ​
Adjusted EBITDA | ​ | ​ | ​ | ​ | ​ | ​
Work Truck Attachments | $ | 3,044 | ​ | $ | 8,239 | ​
Work Truck Solutions | ​ | 1,592 | ​ | ​ | 2,419 | ​
​ | $ | 4,636 | ​ | $ | 10,658 | ​
Depreciation and amortization expense | ​ | ​ | ​ | ​ | ​ | ​
Work Truck Attachments | $ | 3,189 | ​ | $ | 2,801 | ​
Work Truck Solutions | ​ | 2,000 | ​ | ​ | 2,212 | ​
​ | $ | 5,189 | ​ | $ | 5,013 | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​
Work Truck Attachments | $ | 357,438 | ​ | $ | 355,428 | ​
Work Truck Solutions | ​ | 193,022 | ​ | ​ | 201,174 | ​
​ | $ | 550,460 | ​ | $ | 556,602 | ​
Capital Expenditures | ​ | ​ | ​ | ​ | ​ | ​
Work Truck Attachments | $ | 1,138 | ​ | $ | 2,097 | ​
Work Truck Solutions | ​ | 218 | ​ | ​ | 293 | ​
​ | $ | 1,356 | ​ | $ | 2,390 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​
Adjusted EBITDA | ​ | ​ | ​ | ​ | ​
Work Truck Attachments | $ | 3,044 | ​ | $ | 8,239
Work Truck Solutions | ​ | 1,592 | ​ | ​ | 2,419
Total Adjusted EBITDA | $ | 4,636 | ​ | $ | 10,658
Less items to reconcile Adjusted EBITDA to Income (Loss) before taxes: | ​ | ​ | ​ | ​ | ​
Interest expense - net | ​ | 2,113 | ​ | ​ | 2,975
Depreciation expense | ​ | 2,559 | ​ | ​ | 2,308
Amortization | ​ | 2,630 | ​ | ​ | 2,705
Stock based compensation | ​ | 1,900 | ​ | ​ | 1,965
COVID-19 (1) | ​ | 20 | ​ | ​ | 40
Other charges (2) | ​ | 339 | ​ | ​ | -
Income (loss) before taxes | $ | (4,925) | ​ | $ | 665
​ | ​ | ​ | ​ | ​ | ​
​
| (1) | Reflects incremental costs incurred related to the COVID-19 pandemic for the periods presented. Such COVID-19 related costs include increased expenses directly related to the pandemic, and do not include either production related overhead inefficiencies or lost or deferred sales.
| (2) | Reflects unrelated legal, severance, restructuring and consulting fees for the periods presented.

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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