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Note 15 - Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Three Months Ended |  |  | Three Months Ended |  |  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 108,114 |  |  | $ | 118,137 |  |  | $ | 144,571 |  |  | $ | 141,977 |
Work Truck Solutions |  |  | 86,213 |  |  |  | 81,765 |  |  |  | 164,823 |  |  |  | 153,580 |
|  | $ | 194,327 |  |  | $ | 199,902 |  |  | $ | 309,394 |  |  | $ | 295,557 |
Selling, general and administrative expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 11,412 |  |  | $ | 13,529 |  |  | $ | 23,842 |  |  | $ | 25,191 |
Work Truck Solutions |  |  | 10,339 |  |  |  | 9,841 |  |  |  | 21,296 |  |  |  | 19,667 |
|  | $ | 21,751 |  |  | $ | 23,370 |  |  | $ | 45,138 |  |  | $ | 44,858 |
Other segment items (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 65,132 |  |  | $ | 68,816 |  |  | $ | 88,832 |  |  | $ | 85,462 |
Work Truck Solutions |  |  | 64,827 |  |  |  | 64,021 |  |  |  | 123,376 |  |  |  | 120,008 |
|  | $ | 129,959 |  |  | $ | 132,837 |  |  | $ | 212,208 |  |  | $ | 205,470 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 31,570 |  |  | $ | 35,792 |  |  | $ | 31,897 |  |  | $ | 31,324 |
Work Truck Solutions |  |  | 11,047 |  |  |  | 7,903 |  |  |  | 20,151 |  |  |  | 13,905 |
|  | $ | 42,617 |  |  | $ | 43,695 |  |  | $ | 52,048 |  |  | $ | 45,229 |
Depreciation and amortization expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 1,919 |  |  | $ | 2,363 |  |  | $ | 3,869 |  |  | $ | 5,710 |
Work Truck Solutions |  |  | 1,907 |  |  |  | 2,044 |  |  |  | 3,780 |  |  |  | 4,042 |
|  | $ | 3,826 |  |  | $ | 4,407 |  |  | $ | 7,649 |  |  | $ | 9,752 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 409,235 |  |  | $ | 413,752 |  |  |  |  |  |  |  |  |
Work Truck Solutions |  |  | 262,236 |  |  |  | 203,215 |  |  |  |  |  |  |  |  |
|  | $ | 671,471 |  |  | $ | 616,967 |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 2,121 |  |  | $ | 459 |  |  | $ | 3,216 |  |  | $ | 1,134 |
Work Truck Solutions |  |  | 1,064 |  |  |  | 1,212 |  |  |  | 1,722 |  |  |  | 1,311 |
|  | $ | 3,185 |  |  | $ | 1,671 |  |  | $ | 4,938 |  |  | $ | 2,445 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Work Truck Attachments |  | $ | 31,570 |  |  | $ | 35,792 |  |  | $ | 31,897 |  |  | $ | 31,324 |
Work Truck Solutions |  |  | 11,047 |  |  |  | 7,903 |  |  |  | 20,151 |  |  |  | 13,905 |
Total Adjusted EBITDA |  | $ | 42,617 |  |  | $ | 43,695 |  |  | $ | 52,048 |  |  | $ | 45,229 |
Less items to reconcile Adjusted EBITDA to income before taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense - net |  |  | 2,973 |  |  |  | 4,123 |  |  |  | 5,357 |  |  |  | 7,647 |
Depreciation expense |  |  | 2,276 |  |  |  | 2,777 |  |  |  | 4,549 |  |  |  | 5,492 |
Amortization |  |  | 1,550 |  |  |  | 1,630 |  |  |  | 3,100 |  |  |  | 4,260 |
Stock based compensation |  |  | 1,554 |  |  |  | 2,478 |  |  |  | 3,704 |  |  |  | 2,833 |
Impairment charges (2) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,224 |
Debt modification expense |  |  | - |  |  |  | - |  |  |  | 176 |  |  |  | - |
Loss on extinguishment of debt |  |  | - |  |  |  | - |  |  |  | 156 |  |  |  | - |
Other charges (3) |  |  | 119 |  |  |  | 560 |  |  |  | 371 |  |  |  | 1,589 |
Income before taxes |  | $ | 34,145 |  |  | $ | 32,127 |  |  | $ | 34,635 |  |  | $ | 22,184 |

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