Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Inventories

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Note 5 - Inventories
9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]

5.

Inventories

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Inventories consist of the following: ​

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September 30,

   

December 31,

 
   

2024

   

2023

 
                 

Finished goods

  $ 69,127     $ 79,509  

Work-in-process

    17,366       14,384  

Raw material and supplies

    58,869       46,497  
    $ 145,362     $ 140,390  

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The inventories in the table above do not include truck chassis inventory financed through a floor plan financing agreement, which are recorded separately on the balance sheet. The Company takes title to truck chassis upon receipt of the inventory through its floor plan agreement and performs upfitting service installations to the truck chassis inventory during the installation period.  The floor plan obligation is then assumed by the dealer customer upon delivery. At September 30, 2024 and December 31, 2023, the Company had $3,459 and $2,217, respectively, of chassis inventory and $3,459 and $2,217 of related floor plan financing obligation, respectively. The Company recognizes revenue associated with upfitting and service installations net of the truck chassis.

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