XML 52 R41.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Reportable Segment Information | Reportable segment information is as follows (in thousands):
Three Months Ended March 31, 2025 |  | Transportation Solutions |  | Parts & Services |  |  |  | Corporate and Eliminations |  | Consolidated
Net sales |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 329,048 |  |  | $ | 51,842 |  |  |  |  | $ | — |  |  | $ | 380,890 |
Intersegment sales |  | 17,755 |  |  | 113 |  |  |  |  | (17,868) |  |  | — |
Total net sales |  | 346,803 |  |  | 51,955 |  |  |  |  | (17,868) |  |  | 380,890 |
Cost of sales |  | 338,389 |  |  | 41,366 |  |  |  |  | (17,868) |  |  | 361,887 |
Gross profit |  | 8,414 |  |  | 10,589 |  |  |  |  | — |  |  | 19,003 |
Other operating expenses (1) |  | 18,212 |  |  | 3,679 |  |  |  |  | 24,561 |  |  | 46,452 |
Segment (loss) income from operations |  | (9,798) |  |  | 6,910 |  |  |  |  | (24,561) |  |  | (27,449) |
Product liability matter |  | — |  |  | — |  |  |  |  | 342,000 |  |  | 342,000 |
Consolidated (loss) income from operations |  | $ | (9,798) |  |  | $ | 6,910 |  |  |  |  | $ | 317,439 |  |  | $ | 314,551 |
Depreciation and amortization |  | $ | 12,705 |  |  | $ | 1,177 |  |  |  |  | $ | 1,150 |  |  | $ | 15,032 |
Three Months Ended March 31, 2024 |  | Transportation Solutions |  | Parts & Services |  |  |  | Corporate and Eliminations |  | Consolidated
Net sales |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 467,123 |  |  | $ | 48,153 |  |  |  |  | $ | — |  |  | $ | 515,276 |
Intersegment sales |  | 3,305 |  |  | 1,081 |  |  |  |  | (4,386) |  |  | — |
Total net sales |  | 470,428 |  |  | 49,234 |  |  |  |  | (4,386) |  |  | 515,276 |
Cost of sales |  | 407,316 |  |  | 35,900 |  |  |  |  | (4,386) |  |  | 438,830 |
Gross profit |  | 63,112 |  |  | 13,334 |  |  |  |  | — |  |  | 76,446 |
Other operating expenses (1) |  | 18,857 |  |  | 2,814 |  |  |  |  | 25,200 |  |  | 46,871 |
Consolidated income (loss) from operations |  | $ | 44,255 |  |  | $ | 10,520 |  |  |  |  | $ | (25,200) |  |  | $ | 29,575 |
Depreciation and amortization |  | $ | 11,318 |  |  | $ | 546 |  |  |  |  | $ | 858 |  |  | $ | 12,722 |
___________________ (1) Other operating expenses include General and administrative expenses, Selling expenses, Amortization of intangible assets and Impairment and other, net.
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 March 31, 2025 |  | Transportation Solutions |  | Parts & Services |  |  |  | Eliminations |  | Consolidated
New trailers |  | $ | 251,045 |  |  | $ | — |  |  |  |  | $ | (17,670) |  |  | $ | 233,375 |  |  | 61.3 | %
Used trailers |  | — |  |  | 1,500 |  |  |  |  | — |  |  | 1,500 |  |  | 0.4 | %
Components, parts and services |  | — |  |  | 31,502 |  |  |  |  | — |  |  | 31,502 |  |  | 8.3 | %
Equipment and other |  | 95,758 |  |  | 18,953 |  |  |  |  | (198) |  |  | 114,513 |  |  | 30.1 | %
Total net sales |  | $ | 346,803 |  |  | $ | 51,955 |  |  |  |  | $ | (17,868) |  |  | $ | 380,890 |  |  | 100.0 | %
Three Months Ended March 31, 2024 |  | Transportation Solutions |  | Parts & Services |  |  |  | Eliminations |  | Consolidated
New trailers |  | $ | 366,158 |  |  | $ | — |  |  |  |  | $ | (820) |  |  | $ | 365,338 |  |  | 70.9 | %
Used trailers |  | — |  |  | 1,344 |  |  |  |  | — |  |  | 1,344 |  |  | 0.3 | %
Components, parts and services |  | — |  |  | 35,630 |  |  |  |  | — |  |  | 35,630 |  |  | 6.9 | %
Equipment and other |  | 104,270 |  |  | 12,260 |  |  |  |  | (3,566) |  |  | 112,964 |  |  | 21.9 | %
Total net sales |  | $ | 470,428 |  |  | $ | 49,234 |  |  |  |  | $ | (4,386) |  |  | $ | 515,276 |  |  | 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration