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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2013
Accounting Policies [Abstract] |
Changes in the Allowance for Doubtful Accounts | The following table presents the changes in the allowance for doubtful accounts (in thousands):
|  | Years Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Balance at beginning of year |  | $ | 858 |  | $ | 1,233 |  | $ | 2,241 |
Provision |  |  | 908 |  |  | (153) |  |  | (981) |
Write-offs, net of recoveries |  |  | 292 |  |  | (222) |  |  | (27) |
Balance at end of year |  | $ | 2,058 |  | $ | 858 |  | $ | 1,233 |
Cost of Manufactured Inventory Includes Raw Material, Labor and Overhead | The cost of manufactured inventory includes raw material, labor and overhead. Inventories consist of the following (in thousands):
|  | December 31, |
|  | 2013 |  | 2012 |
Raw materials and components |  | $ | 54,699 |  | $ | 57,187 |
Work in progress |  |  | 20,749 |  |  | 24,849 |
Finished goods |  |  | 82,673 |  |  | 82,930 |
Aftermarket parts |  |  | 10,389 |  |  | 9,882 |
Used trailers |  |  | 15,663 |  |  | 14,639 |
|  | $ | 184,173 |  | $ | 189,487 |
Property, Plant and Equipment | Property, plant and equipment consist of the following (in thousands):
|  | December 31, |
|  | 2013 |  | 2012 |
Land |  | $ | 26,398 |  | $ | 23,986 |
Buildings and building improvements |  |  | 112,208 |  |  | 106,679 |
Machinery and equipment |  |  | 200,567 |  |  | 184,859 |
Construction in progress |  |  | 9,543 |  |  | 8,753 |
|  | $ | 348,716 |  | $ | 324,277 |
Less: accumulated depreciation |  |  | (206,634) |  |  | (192,131) |
|  | $ | 142,082 |  | $ | 132,146 |
Schedule of Finite-Lived Intangible Assets | As of December 31, 2013, the balances of intangible assets, other than goodwill, were as follows (in thousands):
|  | Weighted Average Amortization Period |  | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets |
Tradenames and trademarks |  | 20 years |  | $ | 39,222 |  | $ | (6,291) |  | $ | 32,931 |
Customer relationships |  | 10 years |  |  | 152,109 |  |  | (40,112) |  |  | 111,997 |
Technology |  | 12 years |  |  | 16,517 |  |  | (2,264) |  |  | 14,253 |
Other |  | 9 years |  |  | 17,939 |  |  | (17,939) |  |  | - |
Total |  | 12 years |  | $ | 225,787 |  | $ | (66,606) |  | $ | 159,181 |
As of December 31, 2012, the balances of intangible assets, other than goodwill, were as follows (in thousands):
|  | Weighted Average Amortization Period |  | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets |
Tradenames and trademarks |  | 20 years |  | $ | 37,600 |  | $ | (4,336) |  | $ | 33,264 |
Customer relationships |  | 10 years |  |  | 146,000 |  |  | (21,738) |  |  | 124,262 |
Technology |  | 12 years |  |  | 15,300 |  |  | (850) |  |  | 14,450 |
Other |  | 9 years |  |  | 17,939 |  |  | (17,925) |  |  | 14 |
Total |  | 12 years |  | $ | 216,839 |  | $ | (44,849) |  | $ | 171,990 |
Schedule of Goodwill | The changes in the carrying amounts of goodwill, all of which is included in the Company’s Diversified Products segment as of December 31, 2013 except for approximately $10.2 million allocated to the Company’s Retail segment, for the years ended December 31, 2013 and 2012 were as follows (in thousands):
Balance as of December 31, 2011 |  | $ | - |
Goodwill acquired |  |  | 146,444 |
Balance as of December 31, 2012 |  | $ | 146,444 |
Goodwill acquired |  |  | 1,784 |
Acquisition adjustment - Walker |  |  | 2,054 |
Effects of foreign currency |  |  | (315) |
Balance as of December 31, 2013 |  | $ | 149,967 |
Major components of Other Accrued Liabilities | The following table presents the major components of Other Accrued Liabilities (in thousands):
|  | December 31, |
|  | 2013 |  | 2012 |
Warranty |  | $ | 14,719 |  | $ | 14,886 |
Payroll and related taxes |  |  | 29,399 |  |  | 23,342 |
Self-insurance |  |  | 9,399 |  |  | 7,702 |
Accrued taxes |  |  | 8,520 |  |  | 5,578 |
Customer deposits |  |  | 30,730 |  |  | 43,158 |
All other |  |  | 6,591 |  |  | 10,207 |
|  | $ | 99,358 |  | $ | 104,873 |
Changes in the Product Warranty Accrual Included in Other Accrued Liabilities | The following table presents the changes in the product warranty accrual included in Other Accrued Liabilities (in thousands):
|  | 2013 |  | 2012 |
Balance as of January 1 |  | $ | 14,886 |  | $ | 11,437 |
Provision for warranties issued in current year |  |  | 6,269 |  |  | 5,521 |
Walker acquisition |  |  | - |  |  | 3,887 |
Provisions for (Recovery of) pre-existing warranties, net |  |  | (779) |  |  | (750) |
Payments |  |  | (5,657) |  |  | (5,209) |
Balance as of December 31 |  | $ | 14,719 |  | $ | 14,886 |
Changes in the Self-Insurance Accrual Included in Other Accrued Liabilities | The following table presents the changes in the self-insurance accrual included in Other Accrued Liabilities (in thousands):
|  | Self-Insurance |
|  | Accrual |
Balance as of January 1, 2012 |  | $ | 5,390 |
Expense |  |  | 25,336 |
Walker acquisition |  |  | 2,034 |
Payments |  |  | (25,058) |
Balance as of December 31, 2012 |  | $ | 7,702 |
Expense |  |  | 38,191 |
Payments |  |  | (36,494) |
Balance as of December 31, 2013 |  | $ | 9,399 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
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