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SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Reportable Segment Information

Reportable segment information is as follows (in thousands):

Three Months Ended September 30, 2023						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	577,232					$	55,596											$	—					$	632,828
Intersegment sales						5,638						845												(6,483)						—
Total net sales						$	582,870					$	56,441											$	(6,483)					$	632,828
Income (loss) from operations						$	89,413					$	12,358											$	(24,134)					$	77,637
Three Months Ended September 30, 2022						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	609,490					$	45,660											$	—					$	655,150
Intersegment sales						2,289						1,068												(3,357)						—
Total net sales						$	611,779					$	46,728											$	(3,357)					$	655,150
Income (loss) from operations						$	63,274					$	7,732											$	(18,131)					$	52,875
Nine Months Ended September 30, 2023						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	1,778,246					$	162,154											$	—					$	1,940,400
Intersegment sales						13,377						3,493												(16,870)						—
Total net sales						$	1,791,623					$	165,647											$	(16,870)					$	1,940,400
Income (loss) from operations						$	292,335					$	34,504											$	(75,992)					$	250,847
Nine Months Ended September 30, 2022						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	1,703,655					$	141,025											$	—					$	1,844,680
Intersegment sales						6,171						2,806												(8,977)						—
Total net sales						$	1,709,826					$	143,831											$	(8,977)					$	1,844,680
Income (loss) from operations						$	142,944					$	22,659											$	(56,685)					$	108,918

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 September 30, 2023						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	477,802					$	—											$	(2,216)					$	475,586					75.2		%
Used trailers						—						1,340												—						1,340						0.2		%
Components, parts and services						—						38,091												—						38,091						6.0		%
Equipment and other						105,068						17,010												(4,267)						117,811						18.6		%
Total net sales						$	582,870					$	56,441											$	(6,483)					$	632,828					100.0		%
Three Months Ended September 30, 2022						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	529,659					$	1,150											$	(301)					$	530,508					81.0		%
Used trailers						—						693												—						693						0.1		%
Components, parts and services						—						34,171												—						34,171						5.2		%
Equipment and other						82,120						10,714												(3,056)						89,778						13.7		%
Total net sales						$	611,779					$	46,728											$	(3,357)					$	655,150					100.0		%
Nine Months Ended September 30, 2023						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	1,486,587					$	—											$	(4,580)					$	1,482,007					76.4		%
Used trailers						—						2,396												—						2,396						0.1		%
Components, parts and services						—						113,567												—						113,567						5.9		%
Equipment and other						305,036						49,684												(12,290)						342,430						17.6		%
Total net sales						$	1,791,623					$	165,647											$	(16,870)					$	1,940,400					100.0		%
Nine Months Ended September 30, 2022						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	1,476,052					$	1,392											$	(973)					$	1,476,471					80.0		%
Used trailers						—						2,382												—						2,382						0.1		%
Components, parts and services						—						105,208												—						105,208						5.7		%
Equipment and other						233,774						34,849												(8,004)						260,619						14.1		%
Total net sales						$	1,709,826					$	143,831											$	(8,977)					$	1,844,680					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.

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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

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