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SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Reportable Segment Information

Reportable segment information is as follows (in thousands):

Three Months Ended June 30, 2021						Commercial Trailer Products						Diversified Products						Final Mile Products						Corporate and Eliminations						Consolidated
Net sales
External customers						$	296,103					$	72,296					$	81,023					$	—					$	449,422
Intersegment sales						239						4,282						—						(4,521)						—
Total net sales						$	296,342					$	76,578					$	81,023					$	(4,521)					$	449,422
Income (loss) from operations						$	32,299					$	5,824					$	(3,247)					$	(12,192)					$	22,684
Assets						$	310,179					$	256,905					$	375,336					$	238,080					$	1,180,500
Three Months Ended June 30, 2020						Commercial Trailer Products						Diversified Products						Final Mile Products						Corporate and Eliminations						Consolidated
Net sales
External customers						$	232,247					$	56,074					$	50,832					$	—					$	339,153
Intersegment sales						7						7,877						—						(7,884)						—
Total net sales						$	232,254					$	63,951					$	50,832					$	(7,884)					$	339,153
Income (loss) from operations						$	18,599					$	2,242					$	(6,569)					$	(8,273)					$	5,999
Assets						$	347,072					$	289,927					$	370,915					$	134,351					$	1,142,265
Six Months Ended June 30, 2021						Commercial Trailer Products						Diversified Products						Final Mile Products						Corporate and Eliminations						Consolidated
Net sales
External customers						$	542,874					$	140,463					$	158,088					$	—					$	841,425
Intersegment sales						1,177						10,123						—						(11,300)						—
Total net sales						$	544,051					$	150,586					$	158,088					$	(11,300)					$	841,425
Income (loss) from operations						$	53,164					$	11,913					$	(7,194)					$	(23,984)					$	33,899
Assets						$	310,179					$	256,905					$	375,336					$	238,080					$	1,180,500
Six Months Ended June 30, 2020						Commercial Trailer Products						Diversified Products						Final Mile Products						Corporate and Eliminations						Consolidated
Net sales
External customers						$	483,192					$	131,933					$	111,102					$	—					$	726,227
Intersegment sales						37						14,976						—						(15,013)						—
Total net sales						$	483,229					$	146,909					$	111,102					$	(15,013)					$	726,227
Income (loss) from operations						$	34,470					$	(3,828)					$	(114,610)					$	(20,089)					$	(104,057)
Assets						$	347,072					$	289,927					$	370,915					$	134,351					$	1,142,265

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):

Three Months Ended June 30, 2021						Commercial Trailer Products						Diversified Products						Final Mile Products						Eliminations						Consolidated
New trailers						$	287,741					$	34,090					$	—					$	—					$	321,831					71.6		%
Used trailers						19						359						—						—						378						0.1		%
Components, parts and service						5,529						27,544						3,965						(4,282)						32,756						7.3		%
Equipment and other						3,053						14,585						77,058						(239)						94,457						21.0		%
Total net sales						$	296,342					$	76,578					$	81,023					$	(4,521)					$	449,422					100.0		%
Three Months Ended June 30, 2020						Commercial Trailer Products						Diversified Products						Final Mile Products						Eliminations						Consolidated
New trailers						$	218,753					$	28,176					$	—					$	—					$	246,929					72.8		%
Used trailers						2,273						1,323						—						—						3,596						1.1		%
Components, parts and service						9,571						22,166						2,453						(7,884)						26,306						7.8		%
Equipment and other						1,657						12,286						48,379						—						62,322						18.4		%
Total net sales						$	232,254					$	63,951					$	50,832					$	(7,884)					$	339,153					100.0		%
Six Months Ended June 30, 2021						Commercial Trailer Products						Diversified Products						Final Mile Products						Eliminations						Consolidated
New trailers						$	526,406					$	64,356					$	—					$	—					$	590,762					70.2		%
Used trailers						184						1,206						—						—						1,390						0.2		%
Components, parts and service						11,470						57,510						7,688						(10,125)						66,543						7.9		%
Equipment and other						5,991						27,514						150,400						(1,175)						182,730						21.7		%
Total net sales						$	544,051					$	150,586					$	158,088					$	(11,300)					$	841,425					100.0		%
Six Months Ended June 30, 2020						Commercial Trailer Products						Diversified Products						Final Mile Products						Eliminations						Consolidated
New trailers						$	456,654					$	71,488					$	—					$	—					$	528,142					72.7		%
Used trailers						2,591						2,533						—						—						5,124						0.7		%
Components, parts and service						18,843						48,248						6,175						(14,984)						58,282						8.0		%
Equipment and other						5,141						24,640						104,927						(29)						134,679						18.5		%
Total net sales						$	483,229					$	146,909					$	111,102					$	(15,013)					$	726,227					100.0		%

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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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
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