Quarterly report pursuant to Section 13 or 15(d)

Segments

v3.8.0.1
Segments
 3 Months Ended
Mar. 31, 2018
Segments  
Segments

15.         Segments

 

The Company operates through two operating segments for which separate financial information is available, and for which operating results are evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance. The Company’s two current reportable business segments are described below. 

 

Work Truck Attachments.  The Work Truck Attachments segment includes snow and ice management attachments sold under the FISHER®, WESTERN®, HENDERSON® and SNOWEX® brands.  This segment consists of our operations that, prior to the Company’s acquisition of Dejana, were the Company’s single operating segment, consisting of the manufacture and sale of snow and ice control products.

 

Work Truck Solutions.  The Work Truck Solutions segment, which was created as a result of the Dejana acquisition, includes the up-fit of market leading attachments and storage solutions for commercial work vehicles under the DEJANA® brand and its related sub-brands.

 

Segment performance is evaluated based on segment net sales and operating income. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts. No single customer’s revenues amounted to 10% or more of the Company’s total revenue. Sales are primarily within the United States and substantially all assets are located within the United States.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

 

 

March 31,

 

March 31,

 

 

 

2018

 

 

2017

 

Net sales

 

 

 

 

 

 

Work Truck Attachments

$
47,459

 

$
43,578

 

Work Truck Solutions

 
38,713

 

 
29,659

 

Corporate & Eliminations

 

(2,208)

 

 

(989)

 

 

$
83,964

 

$
72,248

 

Selling, general, and administrative expense

 

 

 

 

 

 

Work Truck Attachments

$
7,013

 

$
6,949

 

Work Truck Solutions

 
5,058

 

 
3,772

 

Corporate & Eliminations

 
4,075

 

 

4,156

 

 

$
16,146

 

$
14,877

 

Income (loss) from operations

 

 

 

 

 

 

Work Truck Attachments

$
4,096

 

$
1,992

 

Work Truck Solutions

 
1,353

 

 

818

 

Corporate & Eliminations

 

(4,439)

 

 

(3,249)

 

 

$

1,010

 

$
(439)

 

Depreciation Expense

 

 

 

 

 

 

Work Truck Attachments

$
1,371

 

$
1,377

 

Work Truck Solutions

 
428

 

 
315

 

Corporate & Eliminations

 
31

 

 
44

 

 

$
1,830

 

$
1,736

 

Assets

 

 

 

 

 

 

Work Truck Attachments

$
410,694

 

$
429,452

 

Work Truck Solutions

 
210,156

 

 
202,045

 

Corporate & Eliminations

 
19,789

 

 
19,716

 

 

$
640,639

 

$
651,213

 

Capital Expenditures

 

 

 

 

 

 

Work Truck Attachments

$
632

 

$
873

 

Work Truck Solutions

 
150

 

 
433

 

 

$
782

 

$
1,306

 

 

 

 

 

 

 

 

All intersegment sales are eliminated in consolidation.