Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.5.0.2
Inventories
 9 Months Ended
Sep. 30, 2016
Inventories  
Inventories

4.Inventories

 

 

Inventories consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2016

 

2015

 

 

 

 

 

 

 

Finished goods and work-in-process

  

$
41,783

  

$
40,984

Raw material and supplies

 

 
29,824

 

 
10,600

 

 

$
71,607

 

$
51,584

 

 

 

 

 

 

 

 

 

 

 

 

The inventories in the table above do not include truck chassis inventory financed through a floor plan financing agreement as discussed in Note 6.  The Company takes title to truck chassis upon receipt of the inventory through their floor plan agreement and performs up-fitting service installations to the truck chassis inventory during the installation period.  The floor plan obligation is then assumed by their dealer customer upon delivery.  At September 30, 2016, the Company had $6,733 of chassis inventory and related floor plan financing obligation.  The Company recognizes revenue associated with up-fitting and service installations net of the truck chassis.