Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Segments (Tables)

v3.22.2
Note 15 - Segments (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   

Three Months Ended

   

Three Months Ended

   

Six Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

   

June 30,

   

June 30,

 
   

2022

   

2021

   

2022

   

2021

 

Net sales

                               

Work Truck Attachments

  $ 130,364     $ 104,638     $ 176,140     $ 146,619  

Work Truck Solutions

    57,197       52,892       114,022       114,253  
    $ 187,561     $ 157,530     $ 290,162     $ 260,872  

Adjusted EBITDA

                               

Work Truck Attachments

  $ 33,589     $ 32,177     $ 36,633     $ 40,416  

Work Truck Solutions

    513       1,314       2,105       3,733  
    $ 34,102     $ 33,491     $ 38,738     $ 44,149  

Depreciation and amortization expense

                               

Work Truck Attachments

  $ 3,201     $ 2,997     $ 6,390     $ 5,798  

Work Truck Solutions

    2,003       2,203       4,003       4,415  
    $ 5,204     $ 5,200     $ 10,393     $ 10,213  

Assets

                               

Work Truck Attachments

  $ 421,310     $ 379,541                  

Work Truck Solutions

    192,174       189,382                  
    $ 613,484     $ 568,923                  

Capital Expenditures

                               

Work Truck Attachments

  $ 2,928     $ 1,884     $ 4,066     $ 3,981

 

Work Truck Solutions

    363       484       581       777  
    $ 3,291     $ 2,368     $ 4,647     $ 4,758  

Adjusted EBITDA

                               

Work Truck Attachments

  $ 33,589     $ 32,177     $ 36,633     $ 40,416  

Work Truck Solutions

    513       1,314       2,105       3,733  

Total Adjusted EBITDA

  $ 34,102     $ 33,491     $ 38,738     $ 44,149  

Less items to reconcile Adjusted EBITDA to Income before taxes:

                               

Interest expense - net

    2,473       4,372       4,586       7,347  

Depreciation expense

    2,574       2,495       5,133       4,803  

Amortization

    2,630       2,705       5,260       5,410  

Stock based compensation

    3,153       4,055       5,053       6,020  

Loss on extinguishment of debt

    -       4,936       -       4,936  

COVID-19 (1)

    12       15       32       55  

Other charges (2)

    170       (6 )     509       (6 )

Income before taxes

  $ 23,090     $ 14,919     $ 18,165     $ 15,584