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SEGMENTS AND RELATED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Reportable Segment Information | Reportable segment information is as follows (in thousands):
|  | Commercial |  | Diversified |  | Corporate and |  |  |
|  | Trailer Products |  | Products |  | Eliminations |  | Consolidated |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 1,506,070 |  | $ | 339,374 |  | $ | - |  | $ | 1,845,444 |
Intersegment sales |  |  | 40 |  |  | 13,030 |  |  | (13,070) |  |  | - |
Total net sales |  | $ | 1,506,110 |  | $ | 352,404 |  | $ | (13,070) |  | $ | 1,845,444 |
Depreciation and amortization |  |  | 12,345 |  |  | 22,970 |  |  | 1,454 |  |  | 36,769 |
Income (Loss) from operations |  |  | 212,351 |  |  | 24,595 |  |  | (34,414) |  |  | 202,532 |
Reconciling items to net income |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | 15,663 |
Other, net |  |  |  |  |  |  |  |  |  |  |  | 1,452 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  | 65,984 |
Net income |  |  |  |  |  |  |  |  |  |  | $ | 119,433 |
Assets |  | $ | 312,848 |  | $ | 370,338 |  | $ | 215,547 |  | $ | 898,733 |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 1,582,019 |  | $ | 445,470 |  | $ | - |  | $ | 2,027,489 |
Intersegment sales |  |  | 222 |  |  | 11,457 |  |  | (11,679) |  |  | - |
Total net sales |  | $ | 1,582,241 |  | $ | 456,927 |  | $ | (11,679) |  | $ | 2,027,489 |
Depreciation and amortization |  |  | 12,674 |  |  | 23,888 |  |  | 1,436 |  |  | 37,998 |
Income (Loss) from operations |  |  | 159,385 |  |  | 51,078 |  |  | (30,094) |  |  | 180,369 |
Reconciling items to net income |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | 19,548 |
Other, net |  |  |  |  |  |  |  |  |  |  |  | (2,490) |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  | 59,022 |
Net income |  |  |  |  |  |  |  |  |  |  | $ | 104,289 |
Assets |  | $ | 336,235 |  | $ | 397,892 |  | $ | 215,543 |  | $ | 949,670 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 1,380,195 |  | $ | 483,120 |  | $ | - |  | $ | 1,863,315 |
Intersegment sales |  |  | 428 |  |  | 11,872 |  |  | (12,300) |  |  | - |
Total net sales |  | $ | 1,380,623 |  | $ | 494,992 |  | $ | (12,300) |  | $ | 1,863,315 |
Depreciation and amortization |  |  | 12,331 |  |  | 24,868 |  |  | 1,630 |  |  | 38,829 |
Income (Loss) from operations |  |  | 82,290 |  |  | 57,635 |  |  | (17,539) |  |  | 122,386 |
Reconciling items to net income |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | 22,165 |
Other, net |  |  |  |  |  |  |  |  |  |  |  | 1,759 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  | 37,532 |
Net income |  |  |  |  |  |  |  |  |  |  | $ | 60,930 |
Assets |  | $ | 342,015 |  | $ | 422,322 |  | $ | 163,109 |  | $ | 927,446 |
Major Product Categories and Percentage of Consolidated Net Sales | The following table sets forth the major product categories and their percentage of consolidated net sales (dollars in thousands):
|  | Commercial |  | Diversified |  |  |  |  |
Year ended December 31, |  | Trailer Products |  | Products |  | Eliminations |  | Consolidated |
2016 |  | $ |  | $ |  | $ |  | $ |  | % |
New trailers |  |  | 1,421,586 |  |  | 129,639 |  |  | (89) |  |  | 1,551,136 |  |  | 84.1 |
Used trailers |  |  | 11,998 |  |  | 3,176 |  |  | - |  |  | 15,174 |  |  | 0.8 |
Components, parts and service |  |  | 56,191 |  |  | 111,519 |  |  | (12,955) |  |  | 154,755 |  |  | 8.4 |
Equipment and other |  |  | 16,335 |  |  | 108,070 |  |  | (26) |  |  | 124,379 |  |  | 6.7 |
Total net external sales |  |  | 1,506,110 |  |  | 352,404 |  |  | (13,070) |  |  | 1,845,444 |  |  | 100.0 |
|  | Commercial |  | Diversified |  |  |  |  |
|  | Trailer Products |  | Products |  | Eliminations |  | Consolidated |
2015 |  | $ |  | $ |  | $ |  | $ |  | % |
New trailers |  |  | 1,474,201 |  |  | 218,028 |  |  | - |  |  | 1,692,229 |  |  | 83.5 |
Used trailers |  |  | 31,022 |  |  | 4,558 |  |  | - |  |  | 35,580 |  |  | 1.8 |
Components, parts and service |  |  | 60,482 |  |  | 119,696 |  |  | (11,628) |  |  | 168,550 |  |  | 8.3 |
Equipment and other |  |  | 16,536 |  |  | 114,645 |  |  | (51) |  |  | 131,130 |  |  | 6.4 |
Total net external sales |  |  | 1,582,241 |  |  | 456,927 |  |  | (11,679) |  |  | 2,027,489 |  |  | 100.0 |
|  | Commercial |  | Diversified |  |  |  |  |
|  | Trailer Products |  | Products |  | Eliminations |  | Consolidated |
2014 |  | $ |  | $ |  | $ |  | $ |  | % |
New trailers |  |  | 1,267,610 |  |  | 226,215 |  |  | - |  |  | 1,493,825 |  |  | 80.2 |
Used trailers |  |  | 41,027 |  |  | 4,088 |  |  | - |  |  | 45,115 |  |  | 2.4 |
Components, parts and service |  |  | 55,429 |  |  | 127,460 |  |  | (12,300) |  |  | 170,589 |  |  | 9.2 |
Equipment and other |  |  | 16,557 |  |  | 137,229 |  |  | - |  |  | 153,786 |  |  | 8.2 |
Total net external sales |  |  | 1,380,623 |  |  | 494,992 |  |  | (12,300) |  |  | 1,863,315 |  |  | 100.0 |

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