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Note 15 - Segments (Tables) | 9 Months Ended
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Sep. 30, 2023
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Months Ended |  |  | Three Months Ended |  |  | Nine Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |  |  | September 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 75,879 |  |  | $ | 108,235 |  |  | $ | 236,346 |  |  | $ | 284,375 |
Work Truck Solutions |  |  | 68,242 |  |  |  | 57,865 |  |  |  | 197,587 |  |  |  | 171,887 |
|  | $ | 144,121 |  |  | $ | 166,100 |  |  | $ | 433,933 |  |  | $ | 456,262 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 12,328 |  |  | $ | 22,929 |  |  | $ | 44,393 |  |  | $ | 59,562 |
Work Truck Solutions |  |  | 4,985 |  |  |  | 2,202 |  |  |  | 8,807 |  |  |  | 4,307 |
|  | $ | 17,313 |  |  | $ | 25,131 |  |  | $ | 53,200 |  |  | $ | 63,869 |
Depreciation and amortization expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 3,298 |  |  | $ | 3,228 |  |  | $ | 10,039 |  |  | $ | 9,618 |
Work Truck Solutions |  |  | 2,083 |  |  |  | 2,005 |  |  |  | 6,141 |  |  |  | 6,008 |
|  | $ | 5,381 |  |  | $ | 5,233 |  |  | $ | 16,180 |  |  | $ | 15,626 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 459,138 |  |  | $ | 454,739 |  |  |  |  |  |  |  |  |
Work Truck Solutions |  |  | 212,807 |  |  |  | 200,048 |  |  |  |  |  |  |  |  |
|  | $ | 671,945 |  |  | $ | 654,787 |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 1,320 |  |  | $ | 2,741 |  |  | $ | 4,185 |  |  | $ | 6,807 |
Work Truck Solutions |  |  | 1,335 |  |  |  | 630 |  |  |  | 2,707 |  |  |  | 1,211 |
|  | $ | 2,655 |  |  | $ | 3,371 |  |  | $ | 6,892 |  |  | $ | 8,018 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 12,328 |  |  | $ | 22,929 |  |  | $ | 44,393 |  |  | $ | 59,562 |
Work Truck Solutions |  |  | 4,985 |  |  |  | 2,202 |  |  |  | 8,807 |  |  |  | 4,307 |
Total Adjusted EBITDA |  | $ | 17,313 |  |  | $ | 25,131 |  |  | $ | 53,200 |  |  | $ | 63,869 |
Less items to reconcile Adjusted EBITDA to Income before taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense - net |  |  | 4,607 |  |  |  | 3,266 |  |  |  | 11,207 |  |  |  | 7,852 |
Depreciation expense |  |  | 2,751 |  |  |  | 2,603 |  |  |  | 8,290 |  |  |  | 7,736 |
Amortization |  |  | 2,630 |  |  |  | 2,630 |  |  |  | 7,890 |  |  |  | 7,890 |
Stock based compensation |  |  | - |  |  |  | 510 |  |  |  | 4,236 |  |  |  | 5,563 |
Other charges (1) |  |  | 396 |  |  |  | (53 | ) |  |  | 538 |  |  |  | 488 |
Income before taxes |  | $ | 6,929 |  |  | $ | 16,175 |  |  | $ | 21,039 |  |  | $ | 34,340 |

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