Quarterly report pursuant to Section 13 or 15(d)

Acquisitions - Allocation of Purchase Price (Details)

v3.7.0.1
Acquisitions - Allocation of Purchase Price (Details) - USD ($)
$ / shares in Units, $ in Thousands
 2 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
May 01, 2017
Jul. 15, 2016
Jul. 15, 2016
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Acquisition                  
Working capital adjustment             $ 5,417    
Allocation of the purchase price paid to the fair value of the net assets for acquisition                  
Goodwill       $ 240,627 $ 240,627   240,627   $ 238,286
Revenues         139,371 $ 113,763 211,619 $ 162,552  
Pre-tax operating losses         22,354 25,551 16,383 34,157  
Dejana                  
Acquisition                  
Total consideration   $ 191,544              
Working capital adjustment   3,989              
Short-term borrowings (repayments), net   130,000              
Payment of working capital     $ 1,428            
Discount   650              
Payable to former shareholder             $ 5,487    
Payment of on hand cash at acquisition   31,994              
Adjusted fair value of earn out consideration                 10,373
Subsequent adjustment                 173
Maximum earnout                 21,487
Contingent consideration in the form of an earnout capped   26,000 26,000           $ 26,000
Fair value of the contingent consideration recognized     10,200            
Allocation of the purchase price paid to the fair value of the net assets for acquisition                  
Accounts receivable   13,509 13,509            
Inventories   20,017 20,017            
Truck chassis floor plan inventory   13,479 13,479            
Prepaid and other current assets   705 705            
Property and equipment   5,821 5,821            
Goodwill   77,354 77,354            
Intangible assets   77,800 77,800            
Other assets, long-term   219 219            
Accounts payable and other current liabilities   (3,881) (3,881)            
Floor plan obligations   (13,479) (13,479)            
Earnout   (10,200) (10,200)            
Total   181,344 $ 181,344            
Amortization period of goodwill, for income tax purpose             15 years    
Pro forma Information                  
Net sales           150,611   231,407  
Net income           $ 18,380   $ 24,904  
Earnings per common share assuming dilution attributable to common shareholders           $ 0.80   $ 1.09  
Dejana | Revolving credit facility                  
Acquisition                  
Short-term borrowings (repayments), net   $ 20,000              
Dejana | Selling, general and administrative expenses                  
Acquisition                  
Transactions expenses           $ 417   $ 667  
Arrowhead Equipment, Inc. [Member]                  
Acquisition                  
Working capital adjustment $ 319                
Allocation of the purchase price paid to the fair value of the net assets for acquisition                  
Accounts receivable 850                
Inventories 1,616                
Prepaid and other current assets 524                
Property and equipment 816                
Goodwill 2,341                
Intangible assets 2,700                
Accounts payable and other current liabilities (1,140)                
Unfavorable lease (107)                
Total $ 7,600                
Revenues       1,029          
Pre-tax operating losses       $ 38          
Amortization period of goodwill, for income tax purpose             15 years    
Arrowhead Equipment, Inc. [Member] | Selling, general and administrative expenses                  
Acquisition                  
Transactions expenses         $ 450   $ 488