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SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Reportable Segment Information | Reportable segment information is as follows (in thousands):
|  | Commercial |  |  | Diversified |  |  | Final Mile |  |  | Corporate and |  |  |  |
Three Months Ended June 30, |  | Trailer Products |  |  | Products |  |  | Products |  |  | Eliminations |  |  | Consolidated |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 402,484 |  |  | $ | 88,997 |  |  | $ | 121,209 |  |  | $ | - |  |  | $ | 612,690 |
Intersegment Sales |  |  | 23 |  |  |  | 5,088 |  |  |  | - |  |  |  | (5,111 | ) |  |  | - |
Total Net Sales |  | $ | 402,507 |  |  | $ | 94,085 |  |  | $ | 121,209 |  |  | $ | (5,111 | ) |  | $ | 612,690 |
Income (Loss) from operations |  | $ | 40,784 |  |  | $ | 4,395 |  |  | $ | 10,258 |  |  | $ | (9,396 | ) |  | $ | 46,041 |
Assets |  | $ | 356,309 |  |  | $ | 353,757 |  |  | $ | 474,121 |  |  | $ | 184,944 |  |  | $ | 1,369,131 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 348,127 |  |  | $ | 87,776 |  |  | $ | - |  |  | $ | - |  |  | $ | 435,903 |
Intersegment Sales |  |  | 13 |  |  |  | 3,051 |  |  |  | - |  |  |  | (3,064 | ) |  |  | - |
Total Net Sales |  | $ | 348,140 |  |  | $ | 90,827 |  |  | $ | - |  |  | $ | (3,064 | ) |  | $ | 435,903 |
Income (Loss) from operations |  | $ | 42,154 |  |  | $ | 5,062 |  |  | $ | - |  |  | $ | (8,548 | ) |  | $ | 38,668 |
Assets |  | $ | 347,042 |  |  | $ | 366,727 |  |  | $ | - |  |  | $ | 218,642 |  |  | $ | 932,411 |
|  | Commercial |  |  | Diversified |  |  | Final Mile |  |  | Corporate and |  |  |  |
Six Months Ended June 30, |  | Trailer Products |  |  | Products |  |  | Products |  |  | Eliminations |  |  | Consolidated |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 729,881 |  |  | $ | 177,460 |  |  | $ | 196,668 |  |  | $ | - |  |  | $ | 1,104,009 |
Intersegment Sales |  |  | 48 |  |  |  | 11,828 |  |  |  | - |  |  |  | (11,876 | ) |  |  | - |
Total Net Sales |  | $ | 729,929 |  |  | $ | 189,288 |  |  | $ | 196,668 |  |  | $ | (11,876 | ) |  | $ | 1,104,009 |
Income (Loss) from operations |  | $ | 70,265 |  |  | $ | 9,423 |  |  | $ | 10,867 |  |  | $ | (18,859 | ) |  | $ | 71,696 |
Assets |  | $ | 356,309 |  |  | $ | 353,757 |  |  | $ | 474,121 |  |  | $ | 184,944 |  |  | $ | 1,369,131 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 622,877 |  |  | $ | 175,742 |  |  | $ | - |  |  | $ | - |  |  | $ | 798,619 |
Intersegment Sales |  |  | 52 |  |  |  | 4,995 |  |  |  | - |  |  |  | (5,047 | ) |  |  | - |
Total Net Sales |  | $ | 622,929 |  |  | $ | 180,737 |  |  | $ | - |  |  | $ | (5,047 | ) |  | $ | 798,619 |
Income (Loss) from operations |  | $ | 75,546 |  |  | $ | 9,666 |  |  | $ | - |  |  | $ | (16,280 | ) |  | $ | 68,932 |
Assets |  | $ | 347,042 |  |  | $ | 366,727 |  |  | $ | - |  |  | $ | 218,642 |  |  | $ | 932,411 |
Major Product Categories and Percentage of Consolidated Net Sales | The Company offers products primarily in four general categories: (1) new trailers, (2) used trailers, (3) components, parts and service and (4) equipment and other. The following table sets forth the major product categories and their percentage of consolidated net sales (dollars in thousands):
|  | Commercial |  |  | Diversified |  |  | Final Mile |  |  | Corporate and |  |  |  |  |  |  |
|  | Trailer Products |  |  | Products |  |  | Products |  |  | Eliminations |  |  | Consolidated |
Three Months Ended June 30, |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | % |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Trailers |  |  | 385,131 |  |  |  | 37,602 |  |  |  | - |  |  |  | - |  |  |  | 422,733 |  |  |  | 69.0 |
Used Trailers |  |  | 2,499 |  |  |  | 628 |  |  |  | - |  |  |  | - |  |  |  | 3,127 |  |  |  | 0.5 |
Components, parts and service |  |  | 9,042 |  |  |  | 31,926 |  |  |  | 2,623 |  |  |  | (5,091 | ) |  |  | 38,500 |  |  |  | 6.3 |
Equipment and other |  |  | 5,835 |  |  |  | 23,929 |  |  |  | 118,586 |  |  |  | (20 | ) |  |  | 148,330 |  |  |  | 24.2 |
Total net sales |  |  | 402,507 |  |  |  | 94,085 |  |  |  | 121,209 |  |  |  | (5,111 | ) |  |  | 612,690 |  |  |  | 100.0 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Trailers |  |  | 329,405 |  |  |  | 33,290 |  |  |  | - |  |  |  | - |  |  |  | 362,695 |  |  |  | 83.2 |
Used Trailers |  |  | 1,236 |  |  |  | 637 |  |  |  | - |  |  |  | - |  |  |  | 1,873 |  |  |  | 0.4 |
Components, parts and service |  |  | 13,102 |  |  |  | 32,194 |  |  |  | - |  |  |  | (3,064 | ) |  |  | 42,232 |  |  |  | 9.7 |
Equipment and other |  |  | 4,398 |  |  |  | 24,705 |  |  |  | - |  |  |  | - |  |  |  | 29,103 |  |  |  | 6.7 |
Total net sales |  |  | 348,140 |  |  |  | 90,827 |  |  |  | - |  |  |  | (3,064 | ) |  |  | 435,903 |  |  |  | 100.0 |
|  | Commercial |  |  | Diversified |  |  | Final Mile |  |  | Corporate and |  |  |  |  |  |  |
|  | Trailer Products |  |  | Products |  |  | Products |  |  | Eliminations |  |  | Consolidated |
Six Months Ended June 30, |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | % |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Trailers |  |  | 695,449 |  |  |  | 71,441 |  |  |  | - |  |  |  | - |  |  |  | 766,890 |  |  |  | 69.5 |
Used Trailers |  |  | 6,906 |  |  |  | 1,714 |  |  |  | - |  |  |  | - |  |  |  | 8,620 |  |  |  | 0.8 |
Components, parts and service |  |  | 17,690 |  |  |  | 65,894 |  |  |  | 5,036 |  |  |  | (11,853 | ) |  |  | 76,767 |  |  |  | 7.0 |
Equipment and other |  |  | 9,884 |  |  |  | 50,239 |  |  |  | 191,632 |  |  |  | (23 | ) |  |  | 251,732 |  |  |  | 22.7 |
Total net sales |  |  | 729,929 |  |  |  | 189,288 |  |  |  | 196,668 |  |  |  | (11,876 | ) |  |  | 1,104,009 |  |  |  | 100.0 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Trailers |  |  | 586,595 |  |  |  | 63,985 |  |  |  | - |  |  |  | - |  |  |  | 650,580 |  |  |  | 81.5 |
Used Trailers |  |  | 2,123 |  |  |  | 1,856 |  |  |  | - |  |  |  | - |  |  |  | 3,979 |  |  |  | 0.5 |
Components, parts and service |  |  | 25,845 |  |  |  | 65,869 |  |  |  | - |  |  |  | (5,047 | ) |  |  | 86,667 |  |  |  | 10.9 |
Equipment and other |  |  | 8,367 |  |  |  | 49,026 |  |  |  | - |  |  |  | - |  |  |  | 57,393 |  |  |  | 7.1 |
Total net sales |  |  | 622,929 |  |  |  | 180,737 |  |  |  | - |  |  |  | (5,047 | ) |  |  | 798,619 |  |  |  | 100.0 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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