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SEGMENTS
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
Segment Reporting
The Company manages its business in three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures standard and customized van and platform trailers and other transportation related equipment for customers who purchase directly from the Company or through independent dealers. The Diversified Products segment, comprised of three strategic business units including, Tank Trailers, Process Systems, and Composites, focuses on the Company’s commitment to expand its customer base and diversify its product offerings and revenues, and making available products that are complementary to truck and tank trailers and transportation equipment. The Final Mile Products segment manufactures truck bodies for customers in the final mile space.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies except that the Company generally evaluates segment performance based on (loss) income from operations. The Company has not allocated certain corporate related administrative costs, interest, and income taxes included in the corporate and eliminations segment to the Company’s other reportable segments. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.
Reportable segment information is as follows (in thousands):
Commercial
Trailer Products		Diversified
Products		Final Mile
Products		Corporate and
Eliminations		Consolidated
2020
Net sales
External customers$992,528 $270,963 $218,398 $— $1,481,889 
Intersegment sales248 23,171 — (23,419)— 
Total net sales$992,776 $294,134 $218,398 $(23,419)$1,481,889 
Depreciation and amortization$11,557 $19,300 $14,891 $2,222 $47,970 
Income (Loss) from operations$79,662 $1,563 $(123,585)$(43,248)$(85,608)
Assets$306,587 $278,643 $375,115 $201,125 $1,161,470 
2019
Net sales
External customers$1,519,592 $357,634 $441,910 $— $2,319,136 
Intersegment sales1,949 26,882 — (28,831)— 
Total net sales$1,521,541 $384,516 $441,910 $(28,831)$2,319,136 
Depreciation and amortization$10,667 $18,621 $11,361 $1,708 $42,357 
Income (Loss) from operations$145,877 $29,748 $9,804 $(42,643)$142,786 
Assets$362,328 $317,246 $511,862 $113,155 $1,304,591 
2018
Net sales
External customers$1,536,687 $372,342 $358,249 $— $2,267,278 
Intersegment sales252 21,629 — (21,881)— 
Total net sales$1,536,939 $393,971 $358,249 $(21,881)$2,267,278 
Depreciation and amortization$9,631 $21,177 $8,314 $1,561 $40,683 
Income (Loss) from operations$141,795 $(3,033)$7,907 $(35,682)$110,987 
Assets$355,183 $349,423 $484,634 $115,153 $1,304,393 
Customer Concentration
The Company is subject to a concentration of risk as the five largest customers together accounted for approximately 21%, 27%, and 25% of the Company’s aggregate net sales in 2020, 2019, and 2018, respectively. In addition, for each of the last three years there were no customers whose revenue individually represented 10% or more of our aggregate net sales. International sales accounted for less than 10% in each of the last three years.
Product Information
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):
Year ended December 31, 2020Commercial Trailer ProductsDiversified ProductsFinal Mile ProductsEliminationsConsolidated
New trailers$941,932 $145,888 $— $— $1,087,820 73.4%
Used trailers3,841 4,545 — — 8,386 0.6%
Components, parts and service36,912 88,010 12,517 (23,391)114,048 7.7%
Equipment and other10,091 55,691 205,881 (28)271,635 18.3%
Total net external sales$992,776 $294,134 $218,398 $(23,419)$1,481,889 100.0%

Year ended December 31, 2019Commercial Trailer ProductsDiversified ProductsFinal Mile ProductsEliminationsConsolidated
New trailers$1,464,636 $198,043 $— $1,662,679 71.7%
Used trailers435 2,044 — — 2,479 0.1%
Components, parts and service40,344 113,024 15,023 (27,902)140,489 6.1%
Equipment and other16,126 71,405 426,887 (929)513,489 22.1%
Total net external sales$1,521,541 $384,516 $441,910 $(28,831)$2,319,136 100.0%

Year ended December 31, 2018Commercial Trailer ProductsDiversified ProductsFinal Mile ProductsEliminationsConsolidated
New trailers$1,473,583 $164,790 $— $— $1,638,373 72.2%
Used trailers9,618 3,514 — — 13,132 0.6%
Components, parts and service34,994 122,099 9,968 (21,811)145,250 6.4%
Equipment and other18,744 103,568 348,281 (70)470,523 20.8%
Total net external sales$1,536,939 $393,971 $358,249 $(21,881)$2,267,278 100.0%