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Note 15 - Segments (Tables) | 9 Months Ended
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Sep. 30, 2024
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, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 60,249 |  |  | $ | 75,879 |  |  | $ | 202,226 |  |  | $ | 236,346 |
Work Truck Solutions |  |  | 69,149 |  |  |  | 68,242 |  |  |  | 222,729 |  |  |  | 197,587 |
|  | $ | 129,398 |  |  | $ | 144,121 |  |  | $ | 424,955 |  |  | $ | 433,933 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 8,139 |  |  | $ | 12,328 |  |  | $ | 39,463 |  |  | $ | 44,393 |
Work Truck Solutions |  |  | 7,192 |  |  |  | 4,985 |  |  |  | 21,097 |  |  |  | 8,807 |
|  | $ | 15,331 |  |  | $ | 17,313 |  |  | $ | 60,560 |  |  | $ | 53,200 |
Depreciation and amortization expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 2,235 |  |  | $ | 3,298 |  |  | $ | 7,945 |  |  | $ | 10,039 |
Work Truck Solutions |  |  | 2,042 |  |  |  | 2,083 |  |  |  | 6,084 |  |  |  | 6,141 |
|  | $ | 4,277 |  |  | $ | 5,381 |  |  | $ | 14,029 |  |  | $ | 16,180 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 437,402 |  |  | $ | 459,138 |  |  |  |  |  |  |  |  |
Work Truck Solutions |  |  | 228,185 |  |  |  | 212,807 |  |  |  |  |  |  |  |  |
|  | $ | 665,587 |  |  | $ | 671,945 |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 738 |  |  | $ | 1,320 |  |  | $ | 1,872 |  |  | $ | 4,185 |
Work Truck Solutions |  |  | 348 |  |  |  | 1,335 |  |  |  | 1,659 |  |  |  | 2,707 |
|  | $ | 1,086 |  |  | $ | 2,655 |  |  | $ | 3,531 |  |  | $ | 6,892 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 8,139 |  |  | $ | 12,328 |  |  | $ | 39,463 |  |  | $ | 44,393 |
Work Truck Solutions |  |  | 7,192 |  |  |  | 4,985 |  |  |  | 21,097 |  |  |  | 8,807 |
Total Adjusted EBITDA |  | $ | 15,331 |  |  | $ | 17,313 |  |  | $ | 60,560 |  |  | $ | 53,200 |
Less items to reconcile Adjusted EBITDA to Income before taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense - net |  |  | 4,469 |  |  |  | 4,607 |  |  |  | 12,116 |  |  |  | 11,207 |
Depreciation expense |  |  | 2,647 |  |  |  | 2,751 |  |  |  | 8,139 |  |  |  | 8,290 |
Amortization |  |  | 1,630 |  |  |  | 2,630 |  |  |  | 5,890 |  |  |  | 7,890 |
Sale leaseback transaction fees |  |  | 5,257 |  |  |  | - |  |  |  | 5,257 |  |  |  | - |
Stock based compensation |  |  | 794 |  |  |  | - |  |  |  | 3,627 |  |  |  | 4,236 |
Restructuring and severance costs |  |  | 417 |  |  |  | - |  |  |  | 1,819 |  |  |  | - |
Impairment charges (1) |  |  | - |  |  |  | - |  |  |  | 1,224 |  |  |  | - |
Gain on sale leaseback transaction |  |  | (42,298 | ) |  |  | - |  |  |  | (42,298 | ) |  |  | - |
Other charges (2) |  |  | 675 |  |  |  | 396 |  |  |  | 862 |  |  |  | 538 |
Income before taxes |  | $ | 41,740 |  |  | $ | 6,929 |  |  | $ | 63,924 |  |  | $ | 21,039 |

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