Quarterly report [Sections 13 or 15(d)]

Note 5 - Inventories

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Note 5 - Inventories
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

5.

Inventories

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Inventories consist of the following: ​

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March 31,

   

December 31,

 
   

2025

   

2024

 
                 

Finished goods

  $ 85,515     $ 67,897  

Work-in-process

    19,800       13,337  

Truck chassis inventory

    22,054       10,146  

Raw material and supplies

    44,103       45,654  
    $ 171,472     $ 137,034  

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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 March 31, 2025 and December 31, 2024, the Company had $21,174 and $2,612, respectively, of floor plan chassis inventory and $21,174 and $2,612 of related floor plan financing obligation, respectively. Under the floor plan financing agreement, the Company recognizes revenue associated with upfitting and service installations net of the truck chassis in instances where the Company does not purchase the chassis.

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