XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.6.0.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
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, |
|  | 2016 |  | 2015 |  | 2014 |
Balance at beginning of year |  | $ | 956 |  | $ | 1,047 |  | $ | 2,058 |
Provision |  |  | 117 |  |  | 145 |  |  | 178 |
Write-offs, net of recoveries |  |  | (122) |  |  | (236) |  |  | (1,189) |
Balance at end of year |  | $ | 951 |  | $ | 956 |  | $ | 1,047 |
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, |
|  | 2016 |  | 2015 |
Finished goods |  | $ | 57,297 |  | $ | 67,260 |
Raw materials and components |  |  | 53,388 |  |  | 65,790 |
Work in progress |  |  | 18,422 |  |  | 18,201 |
Aftermarket parts |  |  | 8,356 |  |  | 8,714 |
Used trailers |  |  | 2,490 |  |  | 7,017 |
|  | $ | 139,953 |  | $ | 166,982 |
Property, Plant and Equipment | Property, plant and equipment consist of the following (in thousands):
|  | December 31, |
|  | 2016 |  | 2015 |
Land |  | $ | 20,958 |  | $ | 22,978 |
Buildings and building improvements |  |  | 110,789 |  |  | 114,216 |
Machinery and equipment |  |  | 231,094 |  |  | 220,814 |
Construction in progress |  |  | 12,116 |  |  | 13,741 |
|  | $ | 374,957 |  | $ | 371,749 |
Less: accumulated depreciation |  |  | (240,819) |  |  | (231,311) |
|  | $ | 134,138 |  | $ | 140,438 |
Schedule of Finite-Lived Intangible Assets | As of December 31, 2016, the balances of intangible assets, other than goodwill, were as follows (in thousands):
|  | Weighted Average |  | Gross Intangible |  | Accumulated |  | Net Intangible |
|  | Amortization Period |  | Assets |  | Amortization |  | Assets |
Tradenames and trademarks |  | 20 years |  | $ | 37,894 |  | $ | (11,864) |  | $ | 26,030 |
Customer relationships |  | 10 years |  |  | 151,090 |  |  | (92,686) |  |  | 58,404 |
Technology |  | 12 years |  |  | 16,517 |  |  | (6,546) |  |  | 9,971 |
Total |  |  |  | $ | 205,501 |  | $ | (111,096) |  | $ | 94,405 |
As of December 31, 2015, the balances of intangible assets, other than goodwill, were as follows (in thousands):
|  | Weighted Average |  | Gross Intangible |  | Accumulated |  | Net Intangible |
|  | Amortization Period |  | Assets |  | Amortization |  | Assets |
Tradenames and trademarks |  | 20 years |  | $ | 37,894 |  | $ | (9,970) |  | $ | 27,924 |
Customer relationships |  | 10 years |  |  | 151,634 |  |  | (76,340) |  |  | 75,294 |
Technology |  | 12 years |  |  | 16,517 |  |  | (5,119) |  |  | 11,398 |
Total |  |  |  | $ | 206,045 |  | $ | (91,429) |  | $ | 114,616 |
Schedule of Goodwill | The changes in the carrying amounts of goodwill, all of which are included in the Company’s Diversified Products segment as of December 31, 2016, except for approximately $2.6 million allocated to the Company’s Commercial Trailer Products segment, for the years ended December 31, 2016 and 2015 were as follows (in thousands):
|  | 2016 |  | 2015 |
Balance as of January 1 |  | $ | 149,718 |  | $ | 149,603 |
Effects of foreign currency |  |  | 312 |  |  | 115 |
Impairment of goodwill |  |  | (1,663) |  |  | - |
Balance as of December 31 |  | $ | 148,367 |  | $ | 149,718 |
Major components of Other Accrued Liabilities | The following table presents the major components of Other Accrued Liabilities (in thousands):
|  | December 31, |
|  | 2016 |  | 2015 |
Payroll and related taxes |  | $ | 26,793 |  | $ | 34,427 |
Warranty |  |  | 20,520 |  |  | 19,709 |
Customer deposits |  |  | 19,302 |  |  | 14,877 |
Self-insurance |  |  | 8,387 |  |  | 7,677 |
Accrued taxes |  |  | 6,400 |  |  | 8,075 |
All other |  |  | 10,912 |  |  | 8,277 |
|  | $ | 92,314 |  | $ | 93,042 |
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):
|  | 2016 |  | 2015 |
Balance as of January 1 |  | $ | 19,709 |  | $ | 15,462 |
Provision for warranties issued in current year |  |  | 6,601 |  |  | 9,714 |
Provision for (Recovery of ) pre-existing warranties |  |  | 560 |  |  | (409) |
Payments |  |  | (6,350) |  |  | (5,058) |
Balance as of December 31 |  | $ | 20,520 |  | $ | 19,709 |
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):
|  | 2016 |  | 2015 |
Balance as of January 1 |  | $ | 7,677 |  | $ | 7,494 |
Expense |  |  | 41,470 |  |  | 40,023 |
Payments |  |  | (40,760) |  |  | (39,840) |
Balance as of December 31 |  | $ | 8,387 |  | $ | 7,677 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: 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(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 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(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 4: 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(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of self insurance accrual. + References No definition available. + Details
Name: | wnc_ScheduleOfSelfInsuranceAccrualTableTextBlock
Namespace Prefix: | wnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration