Douglas Dynamics (PLOW) 10-Q 1 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Document Information [Line Items]
Entity Central Index Key	0001287213
Entity Registrant Name	DOUGLAS DYNAMICS, INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-34728
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-4275891
Entity Address, Address Line One	11270 W Park Place Ste 300
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53224
City Area Code	414
Local Phone Number	354-2310
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	PLOW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,983,965

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,384	$ 20,670
Accounts receivable, net	139,354	86,765
Inventories	148,912	136,501
Inventories - truck chassis floor plan	5,264	1,211
Prepaid and other current assets	7,677	7,774
Total current assets	304,591	252,921
Property, plant, and equipment, net	67,417	68,660
Goodwill	113,134	113,134
Other intangible assets, net	126,329	131,589
Operating lease right-of-use assets	16,376	17,432
Non-qualified benefit plan assets	9,482	8,874
Other long-term assets	3,871	4,281
Total assets	641,200	596,891
Current liabilities:
Accounts payable	22,686	49,252
Accrued expenses and other current liabilities	30,276	30,484
Floor plan obligations	5,264	1,211
Operating lease liability - current	5,023	4,862
Income taxes payable	2,656	3,485
Short term borrowings	74,000	0
Current portion of long-term debt	11,137	11,137
Total current liabilities	151,042	100,431
Retiree benefits and deferred compensation	15,770	14,650
Deferred income taxes	28,575	29,837
Long-term debt, less current portion	189,632	195,299
Operating lease liability - noncurrent	12,696	14,025
Other long-term liabilities	5,325	5,547
Stockholders’ equity:
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,983,965 and 22,886,793 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	230	229
Additional paid-in capital	168,516	164,281
Retained earnings	60,508	63,464
Accumulated other comprehensive income, net of tax	8,906	9,128
Total stockholders’ equity	238,160	237,102
Total liabilities and stockholders’ equity	$ 641,200	$ 596,891

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	22,983,965	22,886,793
Common stock, shares outstanding (in shares)	22,983,965	22,886,793

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net sales	$ 207,267	$ 187,561	$ 289,812	$ 290,162
Cost of sales	145,904	136,328	217,174	217,865
Gross profit	61,363	51,233	72,638	72,297
Selling, general, and administrative expense	24,172	23,024	46,614	44,397
Intangibles amortization	2,630	2,630	5,260	5,260
Income from operations	34,561	25,579	20,764	22,640
Interest expense, net	(3,736)	(2,473)	(6,600)	(4,586)
Other income (expense), net	(89)	(16)	(54)	111
Income before taxes	30,736	23,090	14,110	18,165
Income tax expense	6,772	5,365	3,256	4,348
Net income	$ 23,964	$ 17,725	$ 10,854	$ 13,817
Weighted average number of common shares outstanding:
Weighted average common shares outstanding (in shares)	22,974,508	22,907,414	22,940,863	22,944,769
Weighted average common shares assuming dilution (in shares)	22,974,508	22,907,414	22,940,863	22,947,352
Earnings per common share:
Earnings Per Share, Basic	$ 1.02	$ 0.76	$ 0.46	$ 0.59
Earnings Per Share, Diluted	1.01	0.75	0.45	0.58
Cash dividends declared and paid per share (in dollars per share)	$ 0.30	$ 0.29	$ 0.59	$ 0.58
Comprehensive income	$ 25,331	$ 19,177	$ 10,632	$ 19,507

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net income	$ 10,854	$ 13,817
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	10,799	10,393
Loss (gain) on disposal of fixed asset	(60)	130
Amortization of deferred financing costs and debt discount	292	244
Stock-based compensation	4,236	5,053
Adjustments on derivatives not classified as hedges	(344)	(344)
Provision for losses on accounts receivable	350	50
Deferred income taxes	(1,262)	1,049
Non-cash lease expense	1,055	2,310
Changes in operating assets and liabilities:
Accounts receivable	(52,939)	(56,905)
Inventories	(12,411)	(27,499)
Prepaid assets, refundable income taxes and other assets	81	2,634
Accounts payable	(25,513)	(8,350)
Accrued expenses and other current liabilities	(1,037)	(139)
Benefit obligations and other long-term liabilities	(328)	(647)
Net cash used in operating activities	(66,227)	(58,204)
Investing activities
Capital expenditures	(5,290)	(5,580)
Net cash used in investing activities	(5,290)	(5,580)
Financing activities
Repurchase of common stock	0	(6,001)
Payments of financing costs	(334)	0
Dividends paid	(13,810)	(13,514)
Net revolver borrowings	74,000	58,000
Repayment of long-term debt	(5,625)	(5,624)
Net cash provided by financing activities	54,231	32,861
Change in cash and cash equivalents	(17,286)	(30,923)
Cash and cash equivalents at beginning of period	20,670	36,964
Cash and cash equivalents at end of period	3,384	6,041
Non-cash operating and financing activities
Truck chassis inventory acquired through floorplan obligations	$ 5,627	$ 1,303

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2021	22,980,951
Balance at Dec. 31, 2021	$ 230	$ 163,552	$ 51,881	$ (1,053)	$ 214,610
Net income	0	0	13,817	0	13,817
Dividends paid	0	0	(13,514)	0	(13,514)
Adjustment for pension and postretirement benefit liability, net of tax	0	0	0	(82)	(82)
Adjustment for interest rate swap, net of tax	$ 0	0	0	5,772	5,772
Stock based compensation (in shares)	76,930
Stock based compensation	$ 1	5,052	0	0	5,053
Adjustment for pension and postretirement benefit liability, net of tax	$ 0	0	0	82	82
Repurchase of common stock (in shares)	(171,088)
Repurchase of common stock	$ (2)	(5,999)	0	0	(6,001)
Balance (in shares) at Jun. 30, 2022	22,886,793
Balance at Jun. 30, 2022	$ 229	162,605	52,184	4,637	219,655
Balance (in shares) at Mar. 31, 2022	22,976,150
Balance at Mar. 31, 2022	$ 230	162,451	41,225	3,185	207,091
Net income	0	0	17,725	0	17,725
Dividends paid	0	0	(6,766)	0	(6,766)
Adjustment for pension and postretirement benefit liability, net of tax	0	0	0	41	41
Adjustment for interest rate swap, net of tax	0	0	0	1,493	1,493
Stock based compensation	0	3,153	0	0	3,153
Adjustment for pension and postretirement benefit liability, net of tax	$ 0	0	0	(41)	(41)
Repurchase of common stock (in shares)	(89,357)
Repurchase of common stock	$ (1)	(2,999)	0	0	(3,000)
Balance (in shares) at Jun. 30, 2022	22,886,793
Balance at Jun. 30, 2022	$ 229	162,605	52,184	4,637	219,655
Balance (in shares) at Dec. 31, 2022	22,886,793
Balance at Dec. 31, 2022	$ 229	164,281	63,464	9,128	237,102
Net income	0	0	10,854	0	10,854
Dividends paid	0	0	(13,810)	0	(13,810)
Adjustment for pension and postretirement benefit liability, net of tax	0	0	0	(106)	(106)
Adjustment for interest rate swap, net of tax	$ 0	0	0	(116)	(116)
Stock based compensation (in shares)	97,172
Stock based compensation	$ 1	4,235	0	0	4,236
Adjustment for pension and postretirement benefit liability, net of tax	$ 0	0	0	106	106
Balance (in shares) at Jun. 30, 2023	22,983,965
Balance at Jun. 30, 2023	$ 230	168,516	60,508	8,906	238,160
Balance (in shares) at Mar. 31, 2023	22,956,204
Balance at Mar. 31, 2023	$ 230	165,237	43,394	7,539	216,400
Net income	0	0	23,964	0	23,964
Dividends paid	0	0	(6,850)	0	(6,850)
Adjustment for pension and postretirement benefit liability, net of tax	0	0	0	(53)	(53)
Adjustment for interest rate swap, net of tax	$ 0	0	0	1,420	1,420
Stock based compensation (in shares)	27,761
Stock based compensation	$ 0	3,279	0	0	3,279
Adjustment for pension and postretirement benefit liability, net of tax	$ 0	0	0	53	53
Balance (in shares) at Jun. 30, 2023	22,983,965
Balance at Jun. 30, 2023	$ 230	$ 168,516	$ 60,508	$ 8,906	$ 238,160

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Adjustment for pension and postretirement benefit liability, tax	$ 19	$ 14	$ 38	$ 28
Adjustment for interest rate swap, tax	(497)	525	(43)	2,028
Adjustment for interest rate swap, tax	$ 497	$ (525)	$ 43	$ (2,028)

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Basis of presentation ​ The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. Accordingly, they do not 2022 10 No. 001 34728 February 21, 2023. ​ The Company conducts business in two two ​ Work Truck Attachments. Work Truck Solutions. ​ See Note 15 ​ ​ Interim Condensed Consolidated Financial Information ​ The accompanying Condensed Consolidated Balance Sheet as of June 30, 2023 three six June 30, 2023 2022 six June 30, 2023 2022 not ​ The Company’s Work Truck Attachments segment is seasonal and, consequently, its results of operations and financial condition vary from quarter-to-quarter. Because of this seasonality, the results of operations of the Work Truck Attachments segment for any quarter may not may may not second third fourth fourth second third first fourth second third fourth ​

Note 2 - Revenue Recognition

Note 2 - Revenue Recognition	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. Revenue Recognition ​ Revenue Streams ​ The following is a description of principal activities from which the Company generates revenue. Revenues are recognized when control of the promised goods or services are transferred to the customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company generates all of its revenue from contracts with customers. Additionally, contract amounts represent the full amount of the transaction price as agreed upon with the customer at the time of order, resulting in a single performance obligation in all cases. In the case of a single order containing multiple upfits, the transaction price may ​ Work Truck Attachments ​ The Company recognizes revenue upon shipment of equipment to the customer. Within the Work Truck Attachments segment, the Company offers a variety of discounts and sales incentives to its distributors. The estimated liability for sales discounts and allowances is calculated using the expected value method and recorded at the time of sale as a reduction of net sales. The liability is estimated based on the costs of the program, the planned duration of the program and historical experience. ​ The Work Truck Attachments segment has two ​ Independent Dealer Sales ​ Parts & Accessory Sales ​ Work Truck Solutions ​ The Work Truck Solutions segment primarily participates in the truck and vehicle upfitting industry in the United States. Customers are billed separately for the truck chassis by the chassis manufacturer. The Company only records sales for the amount of the upfit, excluding the truck chassis. Generally, the Company obtains the truck chassis from the truck chassis manufacturer through either its floor plan agreement with a financial institution or bailment pool agreement with the truck chassis manufacturer. Additionally, in some instances the Company upfits chassis which are owned by the end customer. For truck chassis acquired through the floor plan agreement, the Company holds title to the vehicle from the time the chassis is received by the Company until the completion of the up-fit. Under the bailment pool agreement, the Company does not not not not Revenues from the sales of the Work Truck Solutions products are recognized net of the truck chassis with the selling price to the customer recorded as sales and the manufacturing and up-fit cost of the product recorded as Cost of sales. In these cases, the Company acts as an agent as it does not third not third The Work Truck Solutions segment has four ​ State and Local Bids not ​ Fleet Upfit Sales 606, three June 30, 2023 2022 six June 30, 2023 2022 ​ Dealer Upfit Sales not ​ Over the Counter / Parts & Accessory Sales ​ Disaggregation of Revenue ​ The following table provides information about disaggregated revenue by customer type and timing of revenue recognition, and includes a reconciliation of the disaggregated revenue with reportable segments. ​ Revenue by customer type was as follows: Three Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 141,221 $ 34,717 $ 175,938 Government - 16,955 16,955 Fleet - 12,786 12,786 Other - 1,588 1,588 Total revenue $ 141,221 $ 66,046 $ 207,267 Three Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 130,364 $ 30,460 $ 160,824 Government - 13,998 13,998 Fleet - 11,428 11,428 Other - 1,311 1,311 Total revenue $ 130,364 $ 57,197 $ 187,561 Six Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 160,467 $ 65,229 $ 225,696 Government - 34,545 34,545 Fleet - 25,654 25,654 Other - 3,917 3,917 Total revenue $ 160,467 $ 129,345 $ 289,812 Six Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 176,140 $ 60,711 $ 236,851 Government - 26,008 26,008 Fleet - 23,151 23,151 Other - 4,152 4,152 Total revenue $ 176,140 $ 114,022 $ 290,162 Revenue by timing of revenue recognition was as follows: Three Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 141,221 $ 43,646 $ 184,867 Over time - 22,400 22,400 Total revenue $ 141,221 $ 66,046 $ 207,267 Three Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 130,364 $ 35,051 $ 165,415 Over time - 22,146 22,146 Total revenue $ 130,364 $ 57,197 $ 187,561 ​ Six Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 160,467 $ 84,366 $ 244,833 Over time - 44,979 44,979 Total revenue $ 160,467 $ 129,345 $ 289,812 Six Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 176,140 $ 69,534 $ 245,674 Over time - 44,488 44,488 Total revenue $ 176,140 $ 114,022 $ 290,162 Contract Balances ​ The following table shows the changes in the Company’s contract liabilities during the three six June 30, 2023 2022 ​ Three Months Ended June 30, 2023 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 2,844 $ 9,876 $ (4,791 ) $ 7,929 Three Months Ended June 30, 2022 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 2,616 $ 5,928 $ (4,214 ) $ 4,330 Six Months Ended June 30, 2023 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 4,531 $ 13,250 $ (9,852 ) $ 7,929 Six Months Ended June 30, 2022 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 2,454 $ 8,637 $ (6,761 ) $ 4,330 The Company receives payments from customers based upon contractual billing schedules. Contract assets include amounts related to the contractual right to consideration for completed performance obligations. There were no contract assets as of June 30, 2023 2022 ​ The Company recognized revenue of $1,202 and $712 during the three June 30, 2023 2022 six June 30, 2023 2022 ​

Note 3 - Credit Losses

Note 3 - Credit Losses	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Credit Loss, Financial Instrument [Text Block]	3. Credit Losses ​ The majority of the Company’s accounts receivable are due from distributors of truck equipment and dealers of completed upfit trucks. Credit is extended based on an evaluation of a customer’s financial condition. A receivable is considered past due if payments have not not June 30, 2023 December 31, 2022 ​ The following table rolls forward the activity related to credit losses for trade accounts receivable at each segment, and on a consolidated basis for the six June 30, 2023 2022 ​ ​ Balance at December 31, 2022 Additions (reductions) charged to earnings Writeoffs Changes to reserve, net Balance at June 30, 2023 Six Months Ended June 30, 2023 ​ ​ ​ ​ ​ Work Truck Attachments $ 1,000 $ 200 $ - $ (4 ) $ 1,196 Work Truck Solutions 366 150 - (19 ) 497 Total $ 1,366 $ 350 $ - $ (23 ) $ 1,693 ​ Balance at December 31, 2021 Additions (reductions) charged to earnings Writeoffs Changes to reserve, net Balance at June 30, 2022 Six Months Ended June 30, 2022 Work Truck Attachments $ 1,430 $ 200 $ - $ 4 $ 1,634 Work Truck Solutions 1,540 (150 ) (105 ) 3 1,288 Total $ 2,970 $ 50 $ (105 ) $ 7 $ 2,922 ​

Note 4 - Fair Value

Note 4 - Fair Value	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	4. Fair Value ​ Fair value is the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not one three 1 2 1 3 ​ The following table presents financial assets and liabilities measured at fair value on a recurring basis and discloses the fair value of long-term debt: ​ Fair Value at Fair Value at June 30, December 31, 2023 2022 Assets: Non-qualified benefit plan assets (a) $ 9,482 $ 8,874 Interest rate swaps (b) 7,220 7,039 Total Assets $ 16,702 $ 15,913 Liabilities: Long-term debt (c) $ 202,169 $ 207,737 Total Liabilities $ 202,169 $ 207,737 ​ (a) Included in Non-qualified benefit plan assets is the cash surrender value of insurance policies on various individuals that are associated with the Company. The carrying amount of these insurance policies approximates their fair value and is considered Level 2 ​ (b) Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g. interest rates and credit spreads). Model inputs are changed only when corroborated by market data. A credit risk adjustment is made on each swap using observable market credit spreads. Thus, inputs used to determine fair value of the interest rate swap are Level 2 June 30, 2023 December 31, 2022 ​ (c) The fair value of the Company’s long-term debt, including current maturities, is based on rates for instruments with comparable maturities and credit quality (Level 2 2 9 ​

Note 5 - Inventories

Note 5 - Inventories	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	5. Inventories ​ Inventories consist of the following: ​ ​ June 30, December 31, 2023 2022 Finished goods $ 83,347 $ 67,006 Work-in-process 17,501 19,037 Raw material and supplies 48,064 50,458 $ 148,912 $ 136,501 ​ ​ The inventories in the table above do not fourth 2021, not June 30, 2023 December 31, 2022 ​

Note 6 - Property, Plant and Eq

Note 6 - Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6. Property, plant and equipment ​ Property, plant and equipment are summarized as follows: ​ ​ June 30, December 31, 2023 2022 Land $ 3,969 $ 3,969 Land improvements 5,431 5,431 Leasehold improvements 6,082 5,844 Buildings 36,247 35,858 Machinery and equipment 74,035 75,190 Furniture and fixtures 25,535 24,605 Mobile equipment and other 5,094 4,927 Construction-in-process 6,699 5,272 Total property, plant and equipment 163,092 161,096 Less accumulated depreciation (95,675 ) (92,436 ) Net property, plant and equipment $ 67,417 $ 68,660

Note 7 - Leases

Note 7 - Leases	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	7. Leases ​ The Company has operating leases for manufacturing and upfit facilities, land and parking lots, warehousing space and certain equipment. The leases have remaining lease terms of less than one not not ​ ​ Lease Expense ​ The components of lease expense, which are included in Cost of sales and Selling, general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income, were as follows: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Operating lease expense $ 1,415 $ 2,809 $ 1,383 $ 2,782 Short term lease cost $ 90 $ 268 $ 89 $ 189 Total lease cost $ 1,505 $ 3,077 $ 1,472 $ 2,971 ​ Cash Flow ​ Supplemental cash flow information related to leases is as follows: ​ Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 2,948 $ 2,870 Non-cash lease expense - right-of-use assets $ 2,418 $ 2,310 Right-of-use assets obtained in exchange for operating lease obligations $ 1,362 $ 133 ​ ​ Balance Sheet ​ Supplemental balance sheet information related to leases is as follows: ​ June 30, 2023 December 31, 2022 Operating Leases Operating lease right-of-use assets $ 16,376 $ 17,432 Other current liabilities 5,023 4,862 Operating lease liabilities 12,696 14,025 Total operating lease liabilities $ 17,719 $ 18,887 Weighted Average Remaining Lease Term Operating leases (in months) 55 59 Weighted Average Discount Rate Operating leases 4.84 % 4.69 % ​ Lease Maturities ​ Maturities of leases were as follows: ​ Year ending December 31, Operating Leases 2023 (excluding the six months ended June 30, 2023) $ 2,956 2024 5,214 2025 4,407 2026 3,056 2027 1,719 Thereafter 2,241 Total Lease Payments 19,593 Less: imputed interest (1,874 ) Total $ 17,719

Note 8 - Other Intangible Asset

Note 8 - Other Intangible Assets	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	8. Other Intangible Assets ​ The following is a summary of the Company’s other intangible assets: ​ Gross Less Net Carrying Accumulated Carrying Amount Amortization Amount June 30, 2023 Indefinite-lived intangibles: Trademark and tradenames $ 77,600 $ - $ 77,600 Amortizable intangibles: Dealer network 80,000 77,000 3,000 Customer relationships 80,920 40,122 40,798 Patents 21,136 17,622 3,514 Noncompete agreements 8,640 8,640 - Trademarks 5,459 4,042 1,417 Amortizable intangibles, net 196,155 147,426 48,729 Total $ 273,755 $ 147,426 $ 126,329 Gross Less Net Carrying Accumulated Carrying Amount Amortization Amount December 31, 2022 Indefinite-lived intangibles: Trademark and tradenames $ 77,600 $ - $ 77,600 Amortizable intangibles: Dealer network 80,000 75,000 5,000 Customer relationships 80,920 37,537 43,383 Patents 21,136 16,994 4,142 Noncompete agreements 8,640 8,640 - Trademarks 5,459 3,995 1,464 Amortizable intangibles, net 196,155 142,166 53,989 Total $ 273,755 $ 142,166 $ 131,589 ​ Amortization expense for intangible assets was $2,630 and $2,630 for the three June 30, 2023 2022 six June 30, 2023 2022 2023 five ​ 2023 $ 5,260 2024 7,520 2025 6,075 2026 5,450 2027 5,450 2028 5,450

Note 9 - Long-term Debt

Note 9 - Long-term Debt	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	9. Long-Term Debt ​ Long-term debt is summarized below: ​ June 30, December 31, 2023 2022 Term Loan, net of debt discount of $ 331 387 $ 202,169 $ 207,737 Less current maturities 11,137 11,137 Long-term debt before deferred financing costs 191,032 196,600 Deferred financing costs, net 1,400 1,301 Long-term debt, net $ 189,632 $ 195,299 ​ On January 5, 2023, No. 1 No. 1” No. 1 June 9, 2021 ( No. 1, July 11, 2023, No. 2 The Company will be required to pay a fee for unused amounts under the senior secured revolving facility in an amount ranging from 0.150% to 0.300% of the average daily unused portion of the senior secured revolving credit facility, depending on Douglas Dynamics, L.L.C.'s ("DDI LLC") Leverage Ratio (as defined in the Credit Agreement). The Credit Agreement provides that the senior secured term loan facility will bear interest at (i) the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging from 1.375% to 2.00%, depending on the DDI LLC’s Leverage Ratio. The Credit Agreement provides that the Revolving Loan Borrowers have the option to select whether the senior secured revolving credit facility borrowings will bear interest at either (i)(a) the Term SOFR Rate for the applicable interest period plus (b) 0.10% plus (c) a margin ranging from 1.375% to 2.00%, depending on DDI LLC’s Leverage Ratio, or (ii) a margin ranging from 0.375% to 1.00% per annum, depending on DDI LLC’s Leverage Ratio, plus the greatest of (which if the following would be less than 1.00%, such rate shall be deemed to be 1.00%) (a) the Prime Rate (as defined in the Credit Agreement) in effect on such day, (b) the NYFRB Rate (as defined in the Credit Agreement) plus 0.50% and (c) the Term SOFR Rate for a one zero Following Amendment No. 1, not June 9, 2026. The Credit Agreement was issued at a $563 discount which is being amortized over the term of the term loan. Additionally, deferred financing costs of $1,409 are being amortized over the term of the loan. The Company’s entrance into the Credit Agreement and subsequent settlement of its prior credit agreements is accounted for as an extinguishment of the Company’s prior debt under ASC 470 50, December 31, 2021. ​ At June 30, 2023 December 31, 2022 no The Credit Agreement includes customary representations, warranties and negative and affirmative covenants, as well as customary events of default and certain cross default provisions that could result in acceleration of the Credit Agreement. In addition, the Credit Agreement requires the Company to have a Leverage Ratio of not 1.00 June 30, 2021, not 1.00 June 30, 2021. June 30, 2023 ​ On June 13, 2019, May 31, 2019 May 31, 2024. may one first 2020, March 19, 2020, three June 30, 2023 2022 six June 30, 2023 2022 three June 30, 2023 2022 six June 30, 2023 2022 ​ On June 9, 2021, June 9, 2021 twelve On May 19, 2022, May 31, 2024 June 9, 2026. may two ​ The interest rate swaps' positive fair value at June 30, 2023 December 31, 2022

Note 10 - Accrued Expenses and

Note 10 - Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	10. Accrued Expenses and Other Current Liabilities ​ Accrued expenses and other current liabilities are summarized as follows: ​ June 30, December 31, 2023 2022 Payroll and related costs $ 9,310 $ 10,805 Employee benefits 8,985 8,863 Accrued warranty 4,656 4,558 Other 7,325 6,258 $ 30,276 $ 30,484

Note 11 - Warranty Liability

Note 11 - Warranty Liability	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	11. Warranty Liability ​ The Company accrues for estimated warranty costs as sales are recognized and periodically assesses the adequacy of its recorded warranty liability and adjusts the amount as necessary. The Company’s warranties generally provide, with respect to its snow and ice control equipment, that all material and workmanship will be free from defect for a period of two one one five not June 30, 2023 December 31, 2022 The following is a rollforward of the Company’s warranty liability: ​ Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Balance at the beginning of the period $ 6,817 $ 5,451 $ 7,876 $ 6,368 Warranty provision 1,543 1,560 2,007 2,401 Claims paid/settlements (516 ) (493 ) (2,039 ) (2,251 ) Balance at the end of the period $ 7,844 $ 6,518 $ 7,844 $ 6,518 ​

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	12. Earnings per Share ​ Basic earnings per share of common stock is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share of common stock is computed by dividing net income by the weighted average number of common shares, using the two not two Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Basic earnings per common share Net income $ 23,964 $ 17,725 $ 10,854 $ 13,817 Less income allocated to participating securities 540 345 240 260 Net income allocated to common shareholders $ 23,424 $ 17,380 $ 10,614 $ 13,557 Weighted average common shares outstanding 22,974,508 22,907,414 22,940,863 22,944,769 $ 1.02 $ 0.76 $ 0.46 $ 0.59 Earnings per common share assuming dilution Net income $ 23,964 $ 17,725 $ 10,854 $ 13,817 Less income allocated to participating securities 540 345 240 260 Net income allocated to common shareholders $ 23,424 $ 17,380 $ 10,614 $ 13,557 Weighted average common shares outstanding 22,974,508 22,907,414 22,940,863 22,944,769 Incremental shares applicable to non-participating RSUs - - - 2,583 Weighted average common shares assuming dilution 22,974,508 22,907,414 22,940,863 22,947,352 $ 1.01 $ 0.75 $ 0.45 $ 0.58 ​

Note 13 - Employee Stock Plans

Note 13 - Employee Stock Plans	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	13. Employee Stock Plans ​ 2010 ​ In May 2010, 2010 “2010 2010 2014 2020 2010 may may may 2010 ​ Equity awards issued to management include a retirement provision under which members of management who either ( 1 65 2 ten 55 six first not three June 30, 2023 2022 six June 30, 2023 2022 2013, 718, ​ Performance Share Unit Awards ​ The Company grants performance share units as performance-based awards under the 2010 three 718, three June 30, 2023 2022 six June 30, 2023 2022 June 30, 2023 2026 ​ Restricted Stock Unit Awards ​ RSUs are granted to both non-employee directors and management. RSUs do not two one second not one not ​ A summary of RSU activity for the six June 30, 2023 ​ Weighted Weighted Average Average Remaining Grant Date Contractual Shares Fair value Term (in years) Unvested at December 31, 2022 111,264 $ 41.89 1.76 Granted 118,878 $ 39.50 1.91 Vested (79,592 ) $ 44.47 - Cancelled and forfeited (242 ) $ 38.77 - Unvested at June 30, 2023 150,308 $ 38.64 2.10 Expected to vest in the future at June 30, 2023 147,097 $ 38.64 2.10 ​ The Company recognized $1,318 and $1,101 of compensation expense related to the RSU awards in the three June 30, 2023 2022 six June 30, 2023 2022 June 30, 2023 2026 ​ For grants to non-employee directors, vesting occurs as of the grant date. Vested director RSUs are ‘‘settled’’ by the delivery to the participant or a designated brokerage firm of one no two one one ​

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14. Commitments and Contingencies ​ In the ordinary course of business, the Company is engaged in various litigation including product liability and intellectual property disputes. However, the Company does not not ​

Note 15 - Segments

Note 15 - Segments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. Segments ​ The Company’s two ​ Work Truck Attachments. Work Truck Solutions. ​ Separate financial information is available for the two ​ Segment performance is evaluated based on segment net sales and Adjusted EBITDA. Segment results include an allocation of all corporate costs. No 10% ​ All intersegment sales are eliminated in consolidation. Sales between Work Truck Attachments and Work Truck Solutions reflect the Company’s intercompany pricing policy. The following table shows summarized financial information concerning the Company’s reportable segments: Three Months Ended Three Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Net sales Work Truck Attachments $ 141,221 $ 130,364 $ 160,467 $ 176,140 Work Truck Solutions 66,046 57,197 129,345 114,022 $ 207,267 $ 187,561 $ 289,812 $ 290,162 Adjusted EBITDA Work Truck Attachments $ 42,296 $ 33,589 $ 32,065 $ 36,633 Work Truck Solutions 965 513 3,822 2,105 $ 43,261 $ 34,102 $ 35,887 $ 38,738 Depreciation and amortization expense Work Truck Attachments $ 3,403 $ 3,201 $ 6,741 $ 6,390 Work Truck Solutions 2,039 2,003 4,058 4,003 $ 5,442 $ 5,204 $ 10,799 $ 10,393 Assets Work Truck Attachments $ 439,940 $ 421,310 Work Truck Solutions 201,260 192,174 $ 641,200 $ 613,484 Capital Expenditures Work Truck Attachments $ 1,933 $ 2,928 $ 2,865 $ 4,066 Work Truck Solutions 836 363 1,372 581 $ 2,769 $ 3,291 $ 4,237 $ 4,647 ​ Adjusted EBITDA Work Truck Attachments $ 42,296 $ 33,589 $ 32,065 $ 36,633 Work Truck Solutions 965 513 3,822 2,105 Total Adjusted EBITDA $ 43,261 $ 34,102 $ 35,887 $ 38,738 Less items to reconcile Adjusted EBITDA to Income before taxes: Interest expense - net 3,736 2,473 6,600 4,586 Depreciation expense 2,812 2,574 5,539 5,133 Amortization 2,630 2,630 5,260 5,260 Stock based compensation 3,279 3,153 4,236 5,053 Other charges (1) 68 182 142 541 Income before taxes $ 30,736 $ 23,090 $ 14,110 $ 18,165 ( 1 Reflects unrelated legal, severance, restructuring, consulting fees, and incremental costs incurred related to the COVID- 19 ​

Note 16 - Income Taxes

Note 16 - Income Taxes	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	16. Income Taxes ​ The Company’s effective tax rate was 22.0% and 23.2% for the three June 30, 2023 2022 six June 30, 2023 2022 three six June 30, 2023 three six June 30, 2023 three six June 30, 2022. ​ Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The largest item affecting deferred taxes is the difference between book and tax amortization of goodwill and other intangibles amortization. ​

Note 17 - Changes in Accumulate

Note 17 - Changes in Accumulated Other Comprehensive Income (Loss) by Component	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	17. Changes in Accumulated Other Comprehensive Income (Loss) by Component ​ Changes to accumulated other comprehensive income by component for the six June 30, 2023 Unrealized Net Gain (Loss) Retiree on Interest Health Rate Benefit Swap Obligation Total Balance at December 31, 2022 $ 6,115 $ 3,013 $ 9,128 Other comprehensive gain before reclassifications 1,401 — 1,401 Amounts reclassified from accumulated other comprehensive income (loss): (1) (1,516 ) (107 ) (1,623 ) Balance at June 30, 2023 $ 6,000 $ 2,906 $ 8,906 (1) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of Other Postretirement Benefit items: Actuarial gains $ (144 ) Tax expense 37 Reclassification net of tax $ (107 ) Realized gains on interest rate swaps reclassified to interest expense $ (2,048 ) Tax expense 532 Reclassification net of tax $ (1,516 ) ​ Changes to accumulated other comprehensive income (loss) by component for the six June 30, 2022 ​ Unrealized Net Gain (Loss) Retiree on Interest Health Rate Benefit Swap Obligation Total Balance at December 31, 2021 $ (3,524 ) $ 2,471 $ (1,053 ) Other comprehensive gain before reclassifications 4,443 — 4,443 Amounts reclassified from accumulated other comprehensive income (loss): (1) 1,329 (82 ) 1,247 Balance at June 30, 2022 $ 2,248 $ 2,389 $ 4,637 (1) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of Other Postretirement Benefit items: Actuarial gains $ (110 ) Tax expense 28 Reclassification net of tax $ (82 ) Realized losses on interest rate swaps reclassified to interest expense $ 1,796 Tax benefit (467 ) Reclassification net of tax $ 1,329 ​

Note 2 - Revenue Recognition (T

Note 2 - Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 141,221 $ 34,717 $ 175,938 Government - 16,955 16,955 Fleet - 12,786 12,786 Other - 1,588 1,588 Total revenue $ 141,221 $ 66,046 $ 207,267 Three Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 130,364 $ 30,460 $ 160,824 Government - 13,998 13,998 Fleet - 11,428 11,428 Other - 1,311 1,311 Total revenue $ 130,364 $ 57,197 $ 187,561 Six Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 160,467 $ 65,229 $ 225,696 Government - 34,545 34,545 Fleet - 25,654 25,654 Other - 3,917 3,917 Total revenue $ 160,467 $ 129,345 $ 289,812 Six Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Independent dealer $ 176,140 $ 60,711 $ 236,851 Government - 26,008 26,008 Fleet - 23,151 23,151 Other - 4,152 4,152 Total revenue $ 176,140 $ 114,022 $ 290,162 Three Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 141,221 $ 43,646 $ 184,867 Over time - 22,400 22,400 Total revenue $ 141,221 $ 66,046 $ 207,267 Three Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 130,364 $ 35,051 $ 165,415 Over time - 22,146 22,146 Total revenue $ 130,364 $ 57,197 $ 187,561 Six Months Ended June 30, 2023 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 160,467 $ 84,366 $ 244,833 Over time - 44,979 44,979 Total revenue $ 160,467 $ 129,345 $ 289,812 Six Months Ended June 30, 2022 Work Truck Attachments Work Truck Solutions Total Revenue Point in time $ 176,140 $ 69,534 $ 245,674 Over time - 44,488 44,488 Total revenue $ 176,140 $ 114,022 $ 290,162 Three Months Ended June 30, 2023 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 2,844 $ 9,876 $ (4,791 ) $ 7,929 Three Months Ended June 30, 2022 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 2,616 $ 5,928 $ (4,214 ) $ 4,330 Six Months Ended June 30, 2023 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 4,531 $ 13,250 $ (9,852 ) $ 7,929 Six Months Ended June 30, 2022 Balance at Beginning of Period Additions Deductions Balance at End of Period Contract liabilities $ 2,454 $ 8,637 $ (6,761 ) $ 4,330

Note 3 - Credit Losses (Tables)

Note 3 - Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	​ Balance at December 31, 2022 Additions (reductions) charged to earnings Writeoffs Changes to reserve, net Balance at June 30, 2023 Six Months Ended June 30, 2023 ​ ​ ​ ​ ​ Work Truck Attachments $ 1,000 $ 200 $ - $ (4 ) $ 1,196 Work Truck Solutions 366 150 - (19 ) 497 Total $ 1,366 $ 350 $ - $ (23 ) $ 1,693 Balance at December 31, 2021 Additions (reductions) charged to earnings Writeoffs Changes to reserve, net Balance at June 30, 2022 Six Months Ended June 30, 2022 Work Truck Attachments $ 1,430 $ 200 $ - $ 4 $ 1,634 Work Truck Solutions 1,540 (150 ) (105 ) 3 1,288 Total $ 2,970 $ 50 $ (105 ) $ 7 $ 2,922

Note 4 - Fair Value (Tables)

Note 4 - Fair Value (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value at Fair Value at June 30, December 31, 2023 2022 Assets: Non-qualified benefit plan assets (a) $ 9,482 $ 8,874 Interest rate swaps (b) 7,220 7,039 Total Assets $ 16,702 $ 15,913 Liabilities: Long-term debt (c) $ 202,169 $ 207,737 Total Liabilities $ 202,169 $ 207,737

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2023 2022 Finished goods $ 83,347 $ 67,006 Work-in-process 17,501 19,037 Raw material and supplies 48,064 50,458 $ 148,912 $ 136,501

Note 6 - Property, Plant and _2

Note 6 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Property Plant and Equipment Components [Table Text Block]	June 30, December 31, 2023 2022 Land $ 3,969 $ 3,969 Land improvements 5,431 5,431 Leasehold improvements 6,082 5,844 Buildings 36,247 35,858 Machinery and equipment 74,035 75,190 Furniture and fixtures 25,535 24,605 Mobile equipment and other 5,094 4,927 Construction-in-process 6,699 5,272 Total property, plant and equipment 163,092 161,096 Less accumulated depreciation (95,675 ) (92,436 ) Net property, plant and equipment $ 67,417 $ 68,660

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Operating lease expense $ 1,415 $ 2,809 $ 1,383 $ 2,782 Short term lease cost $ 90 $ 268 $ 89 $ 189 Total lease cost $ 1,505 $ 3,077 $ 1,472 $ 2,971 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 2,948 $ 2,870 Non-cash lease expense - right-of-use assets $ 2,418 $ 2,310 Right-of-use assets obtained in exchange for operating lease obligations $ 1,362 $ 133
Lessee Operating Lease Supplemental Balance Sheet Information [Table Text Block]	June 30, 2023 December 31, 2022 Operating Leases Operating lease right-of-use assets $ 16,376 $ 17,432 Other current liabilities 5,023 4,862 Operating lease liabilities 12,696 14,025 Total operating lease liabilities $ 17,719 $ 18,887 Weighted Average Remaining Lease Term Operating leases (in months) 55 59 Weighted Average Discount Rate Operating leases 4.84 % 4.69 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Year ending December 31, Operating Leases 2023 (excluding the six months ended June 30, 2023) $ 2,956 2024 5,214 2025 4,407 2026 3,056 2027 1,719 Thereafter 2,241 Total Lease Payments 19,593 Less: imputed interest (1,874 ) Total $ 17,719

Note 8 - Other Intangible Ass_2

Note 8 - Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class [Table Text Block]	Gross Less Net Carrying Accumulated Carrying Amount Amortization Amount June 30, 2023 Indefinite-lived intangibles: Trademark and tradenames $ 77,600 $ - $ 77,600 Amortizable intangibles: Dealer network 80,000 77,000 3,000 Customer relationships 80,920 40,122 40,798 Patents 21,136 17,622 3,514 Noncompete agreements 8,640 8,640 - Trademarks 5,459 4,042 1,417 Amortizable intangibles, net 196,155 147,426 48,729 Total $ 273,755 $ 147,426 $ 126,329 Gross Less Net Carrying Accumulated Carrying Amount Amortization Amount December 31, 2022 Indefinite-lived intangibles: Trademark and tradenames $ 77,600 $ - $ 77,600 Amortizable intangibles: Dealer network 80,000 75,000 5,000 Customer relationships 80,920 37,537 43,383 Patents 21,136 16,994 4,142 Noncompete agreements 8,640 8,640 - Trademarks 5,459 3,995 1,464 Amortizable intangibles, net 196,155 142,166 53,989 Total $ 273,755 $ 142,166 $ 131,589
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2023 $ 5,260 2024 7,520 2025 6,075 2026 5,450 2027 5,450 2028 5,450

Note 9 - Long-term Debt (Tables

Note 9 - Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	June 30, December 31, 2023 2022 Term Loan, net of debt discount of $ 331 387 $ 202,169 $ 207,737 Less current maturities 11,137 11,137 Long-term debt before deferred financing costs 191,032 196,600 Deferred financing costs, net 1,400 1,301 Long-term debt, net $ 189,632 $ 195,299

Note 10 - Accrued Expenses an_2

Note 10 - Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30, December 31, 2023 2022 Payroll and related costs $ 9,310 $ 10,805 Employee benefits 8,985 8,863 Accrued warranty 4,656 4,558 Other 7,325 6,258 $ 30,276 $ 30,484

Note 11 - Warranty Liability (T

Note 11 - Warranty Liability (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Balance at the beginning of the period $ 6,817 $ 5,451 $ 7,876 $ 6,368 Warranty provision 1,543 1,560 2,007 2,401 Claims paid/settlements (516 ) (493 ) (2,039 ) (2,251 ) Balance at the end of the period $ 7,844 $ 6,518 $ 7,844 $ 6,518

Note 12 - Earnings Per Share (T

Note 12 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Basic earnings per common share Net income $ 23,964 $ 17,725 $ 10,854 $ 13,817 Less income allocated to participating securities 540 345 240 260 Net income allocated to common shareholders $ 23,424 $ 17,380 $ 10,614 $ 13,557 Weighted average common shares outstanding 22,974,508 22,907,414 22,940,863 22,944,769 $ 1.02 $ 0.76 $ 0.46 $ 0.59 Earnings per common share assuming dilution Net income $ 23,964 $ 17,725 $ 10,854 $ 13,817 Less income allocated to participating securities 540 345 240 260 Net income allocated to common shareholders $ 23,424 $ 17,380 $ 10,614 $ 13,557 Weighted average common shares outstanding 22,974,508 22,907,414 22,940,863 22,944,769 Incremental shares applicable to non-participating RSUs - - - 2,583 Weighted average common shares assuming dilution 22,974,508 22,907,414 22,940,863 22,947,352 $ 1.01 $ 0.75 $ 0.45 $ 0.58

Note 13 - Employee Stock Plans

Note 13 - Employee Stock Plans (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Nonvested Restricted Stock Shares Activity [Table Text Block]	Weighted Weighted Average Average Remaining Grant Date Contractual Shares Fair value Term (in years) Unvested at December 31, 2022 111,264 $ 41.89 1.76 Granted 118,878 $ 39.50 1.91 Vested (79,592 ) $ 44.47 - Cancelled and forfeited (242 ) $ 38.77 - Unvested at June 30, 2023 150,308 $ 38.64 2.10 Expected to vest in the future at June 30, 2023 147,097 $ 38.64 2.10

Note 15 - Segments (Tables)

Note 15 - Segments (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 2022 2023 2022 Net sales Work Truck Attachments $ 141,221 $ 130,364 $ 160,467 $ 176,140 Work Truck Solutions 66,046 57,197 129,345 114,022 $ 207,267 $ 187,561 $ 289,812 $ 290,162 Adjusted EBITDA Work Truck Attachments $ 42,296 $ 33,589 $ 32,065 $ 36,633 Work Truck Solutions 965 513 3,822 2,105 $ 43,261 $ 34,102 $ 35,887 $ 38,738 Depreciation and amortization expense Work Truck Attachments $ 3,403 $ 3,201 $ 6,741 $ 6,390 Work Truck Solutions 2,039 2,003 4,058 4,003 $ 5,442 $ 5,204 $ 10,799 $ 10,393 Assets Work Truck Attachments $ 439,940 $ 421,310 Work Truck Solutions 201,260 192,174 $ 641,200 $ 613,484 Capital Expenditures Work Truck Attachments $ 1,933 $ 2,928 $ 2,865 $ 4,066 Work Truck Solutions 836 363 1,372 581 $ 2,769 $ 3,291 $ 4,237 $ 4,647 Adjusted EBITDA Work Truck Attachments $ 42,296 $ 33,589 $ 32,065 $ 36,633 Work Truck Solutions 965 513 3,822 2,105 Total Adjusted EBITDA $ 43,261 $ 34,102 $ 35,887 $ 38,738 Less items to reconcile Adjusted EBITDA to Income before taxes: Interest expense - net 3,736 2,473 6,600 4,586 Depreciation expense 2,812 2,574 5,539 5,133 Amortization 2,630 2,630 5,260 5,260 Stock based compensation 3,279 3,153 4,236 5,053 Other charges (1) 68 182 142 541 Income before taxes $ 30,736 $ 23,090 $ 14,110 $ 18,165

Note 17 - Changes in Accumula_2

Note 17 - Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Net Gain (Loss) Retiree on Interest Health Rate Benefit Swap Obligation Total Balance at December 31, 2022 $ 6,115 $ 3,013 $ 9,128 Other comprehensive gain before reclassifications 1,401 — 1,401 Amounts reclassified from accumulated other comprehensive income (loss): (1) (1,516 ) (107 ) (1,623 ) Balance at June 30, 2023 $ 6,000 $ 2,906 $ 8,906 (1) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of Other Postretirement Benefit items: Actuarial gains $ (144 ) Tax expense 37 Reclassification net of tax $ (107 ) Realized gains on interest rate swaps reclassified to interest expense $ (2,048 ) Tax expense 532 Reclassification net of tax $ (1,516 ) Unrealized Net Gain (Loss) Retiree on Interest Health Rate Benefit Swap Obligation Total Balance at December 31, 2021 $ (3,524 ) $ 2,471 $ (1,053 ) Other comprehensive gain before reclassifications 4,443 — 4,443 Amounts reclassified from accumulated other comprehensive income (loss): (1) 1,329 (82 ) 1,247 Balance at June 30, 2022 $ 2,248 $ 2,389 $ 4,637 (1) Amounts reclassified from accumulated other comprehensive income (loss): Amortization of Other Postretirement Benefit items: Actuarial gains $ (110 ) Tax expense 28 Reclassification net of tax $ (82 ) Realized losses on interest rate swaps reclassified to interest expense $ 1,796 Tax benefit (467 ) Reclassification net of tax $ 1,329

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	6 Months Ended
	Jun. 30, 2023
Number of Operating Segments	2
Number of Reportable Segments	2

Note 2 - Revenue Recognition (D

Note 2 - Revenue Recognition (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contract with Customer, Excluding Assessed Tax	$ 207,267	$ 187,561	$ 289,812	$ 290,162
Contract with Customer, Asset, after Allowance for Credit Loss	0	0	0	0
Contract with Customer, Liability, Revenue Recognized	1,202	712	2,937	1,061
Fleet Upfit Sales [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 337	$ 549	$ 628	$ 85

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue	$ 207,267	$ 187,561	$ 289,812	$ 290,162
Contract liabilities, balance	2,844	2,616	4,531	2,454
Additions	9,876	5,928	13,250	8,637
Deductions	(4,791)	(4,214)	(9,852)	(6,761)
Contract liabilities, balance	7,929	4,330	7,929	4,330
Transferred at Point in Time [Member]
Revenue	184,867	165,415	244,833	245,674
Transferred over Time [Member]
Revenue	22,400	22,146	44,979	44,488
Work Truck Attachments [Member]
Revenue	141,221	130,364	160,467	176,140
Work Truck Attachments [Member] | Transferred at Point in Time [Member]
Revenue	141,221	130,364	160,467	176,140
Work Truck Attachments [Member] | Transferred over Time [Member]
Revenue	0	0	0	0
Work Truck Solutions [Member]
Revenue	66,046	57,197	129,345	114,022
Work Truck Solutions [Member] | Transferred at Point in Time [Member]
Revenue	43,646	35,051	84,366	69,534
Work Truck Solutions [Member] | Transferred over Time [Member]
Revenue	22,400	22,146	44,979	44,488
Independent Dealer [Member]
Revenue	175,938	160,824	225,696	236,851
Independent Dealer [Member] | Work Truck Attachments [Member]
Revenue	141,221	130,364	160,467	176,140
Independent Dealer [Member] | Work Truck Solutions [Member]
Revenue	34,717	30,460	65,229	60,711
Government Contract [Member]
Revenue	16,955	13,998	34,545	26,008
Government Contract [Member] | Work Truck Attachments [Member]
Revenue	0	0	0	0
Government Contract [Member] | Work Truck Solutions [Member]
Revenue	16,955	13,998	34,545	26,008
Fleet [Member]
Revenue	12,786	11,428	25,654	23,151
Fleet [Member] | Work Truck Attachments [Member]
Revenue	0	0	0	0
Fleet [Member] | Work Truck Solutions [Member]
Revenue	12,786	11,428	25,654	23,151
Product and Service, Other [Member]
Revenue	1,588	1,311	3,917	4,152
Product and Service, Other [Member] | Work Truck Attachments [Member]
Revenue	0	0	0	0
Product and Service, Other [Member] | Work Truck Solutions [Member]
Revenue	$ 1,588	$ 1,311	$ 3,917	$ 4,152

Note 3 - Credit Losses (Details

Note 3 - Credit Losses (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss	$ 1,693	$ 1,366	$ 2,922	$ 2,970
Work Truck Attachments [Member]
Accounts Receivable, Allowance for Credit Loss	1,196	1,000	1,634	1,430
Work Truck Solutions [Member]
Accounts Receivable, Allowance for Credit Loss	$ 497	$ 366	$ 1,288	$ 1,540

Note 3 - Credit Losses - Credit

Note 3 - Credit Losses - Credit for Trade Accounts Receivable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Balance	$ 1,366	$ 2,970
Additions charged to earnings	350	50
Writeoffs	0	(105)
Changes to reserve, net	(23)	7
Balance	1,693	2,922
Work Truck Attachments [Member]
Balance	1,000	1,430
Additions charged to earnings	200	200
Writeoffs	0	0
Changes to reserve, net	(4)	4
Balance	1,196	1,634
Work Truck Solutions [Member]
Balance	366	1,540
Additions charged to earnings	150	(150)
Writeoffs	0	(105)
Changes to reserve, net	(19)	3
Balance	$ 497	$ 1,288

Note 4 - Fair Value (Details Te

Note 4 - Fair Value (Details Textual) - Interest Rate Swap [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Prepaid Expenses and Other Current Assets [Member]
Derivative Asset, Current	$ 4,702	$ 4,120
Other Noncurrent Assets [Member]
Derivative Asset, Noncurrent	$ 2,518	$ 2,919

Note 4 - Fair Value - Schedule

Note 4 - Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Assets:
Non-qualified benefit plan assets (a)	[1]	$ 9,482	$ 8,874
Interest Rate Derivative Assets, at Fair Value	[2]	7,220	7,039
Total Assets		16,702	15,913
Liabilities:
Long-term debt (c)	[3]	202,169	207,737
Total Liabilities		$ 202,169	$ 207,737
[1]Included in Non-qualified benefit plan assets is the cash surrender value of insurance policies on various individuals that are associated with the Company. The carrying amount of these insurance policies approximates their fair value and is considered Level 2 inputs.[2]Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g. interest rates and credit spreads). Model inputs are changed only when corroborated by market data. A credit risk adjustment is made on each swap using observable market credit spreads. Thus, inputs used to determine fair value of the interest rate swap are Level 2 inputs. Interest rate swaps of $4,702 and $2,518 at June 30, 2023 are included in Prepaid and other current assets and Other long-term assets, respectively. Interest rate swaps of $4,120 and $2,919 at December 31, 2022 are included in Prepaid and other current assets and Other long-term assets, respectively.[3]The fair value of the Company’s long-term debt, including current maturities, is based on rates for instruments with comparable maturities and credit quality (Level 2 inputs), and approximates its carrying value. Prior to the Company’s most recent debt refinancing, the fair value of the Company’s long-term debt, including current maturities, was estimated using discounted cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements, which was a Level 2 input. See Note 9 to the Unaudited Condensed Consolidated Financial Statements for additional information. Long-term debt is recorded at carrying amount, net of discount and deferred debt issuance costs, as disclosed on the face of the balance sheet. ?

Note 5 - Inventories (Details T

Note 5 - Inventories (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Floor Plan Obligations	$ 5,264	$ 1,211
Truck Floor Plan Inventories, Net	$ 5,264	$ 1,211

Note 5 - Inventories - Schedule

Note 5 - Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finished goods	$ 83,347	$ 67,006
Work-in-process	17,501	19,037
Raw material and supplies	48,064	50,458
Inventory, Net	$ 148,912	$ 136,501

Note 6 - Property, Plant and _3

Note 6 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, plant and equipment	$ 163,092	$ 161,096
Less accumulated depreciation	(95,675)	(92,436)
Net property, plant and equipment	67,417	68,660
Land [Member]
Property, plant and equipment	3,969	3,969
Land Improvements [Member]
Property, plant and equipment	5,431	5,431
Leasehold Improvements [Member]
Property, plant and equipment	6,082	5,844
Building [Member]
Property, plant and equipment	36,247	35,858
Machinery and Equipment [Member]
Property, plant and equipment	74,035	75,190
Furniture and Fixtures [Member]
Property, plant and equipment	25,535	24,605
Mobile, Equipment and Other [Member]
Property, plant and equipment	5,094	4,927
Construction in Progress [Member]
Property, plant and equipment	$ 6,699	$ 5,272

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	Jun. 30, 2023
Lessee, Operating Lease, Renewal Term (Year)	10 years
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	13 years

Note 7 - Leases - Summary of Le

Note 7 - Leases - Summary of Lease Expense and Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating lease expense	$ 1,415	$ 1,383	$ 2,809	$ 2,782
Short term lease cost	90	89	268	189
Total lease cost	$ 1,505	$ 1,472	3,077	2,971
Cash paid for amounts included in the measurement of operating lease liabilities			2,948	2,870
Non-cash lease expense - right-of-use assets			2,418	2,310
Right-of-use assets obtained in exchange for operating lease obligations			$ 1,362	$ 133

Note 7 - Leases - Summary of Su

Note 7 - Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating lease right-of-use assets	$ 16,376	$ 17,432
Other current liabilities	5,023	4,862
Operating lease liabilities	12,696	14,025
Total operating lease liabilities	$ 17,719	$ 18,887
Operating leases (in months) (Month)	55 months	59 months
Operating leases	4.84%	4.69%

Note 7 - Leases - Maturities (D

Note 7 - Leases - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
2023 (excluding the six months ended June 30, 2023)	$ 2,956
2024	5,214
2025	4,407
2026	3,056
2027	1,719
Thereafter	2,241
Total Lease Payments	19,593
Less: imputed interest	(1,874)
Total	$ 17,719	$ 18,887

Note 8 - Other Intangible Ass_3

Note 8 - Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Amortization of Intangible Assets	$ 2,630	$ 2,630	$ 5,260	$ 5,260

Note 8 - Other Intangible Ass_4

Note 8 - Other Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accumulated Amortization	$ 147,426	$ 142,166
Gross carrying amount	196,155	196,155
Net carrying amount	48,729	53,989
Total gross carrying amount	273,755	273,755
Total net carrying amount	126,329	131,589
Distribution Rights [Member]
Accumulated Amortization	77,000	75,000
Gross carrying amount	80,000	80,000
Net carrying amount	3,000	5,000
Customer Relationships [Member]
Accumulated Amortization	40,122	37,537
Gross carrying amount	80,920	80,920
Net carrying amount	40,798	43,383
Patents [Member]
Accumulated Amortization	17,622	16,994
Gross carrying amount	21,136	21,136
Net carrying amount	3,514	4,142
Noncompete Agreements [Member]
Accumulated Amortization	8,640	8,640
Gross carrying amount	8,640	8,640
Net carrying amount	0	0
Trademarks [Member]
Accumulated Amortization	4,042	3,995
Gross carrying amount	5,459	5,459
Net carrying amount	1,417	1,464
Trademarks and Trade Names [Member]
Gross carrying amount	77,600	$ 77,600
Accumulated Amortization	$ 0

Note 8 - Other Intangible Ass_5

Note 8 - Other Intangible Assets - Schedule of Estimated Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
2023	$ 5,260
2024	7,520
2025	6,075
2026	5,450
2027	5,450
Label	$ 5,450

Note 9 - Long-term Debt (Detail

Note 9 - Long-term Debt (Details Textual) $ in Thousands		2 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	May 19, 2022 USD ($)	Mar. 01, 2023	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jul. 11, 2023 USD ($)	Jan. 05, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 13, 2019 USD ($)
Gains Losses on Derivatives Expected to Be Amortized from OCITO Earnings						$ 630
Interest Rate Swap Effective May 31, 2019 Through May 31, 2024 [Member]
Derivative Liability, Notional Amount												$ 175,000
Derivative, Fixed Interest Rate			2.424%			2.424%
Interest Rate Swap [Member]
Derivative Counter Party Risk Number of Financial Institutions		1
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax			$ (291)	$ (291)		$ (582)	$ (582)
Interest Expense, Debt			119	$ 119		238	$ 238
Derivative, Notional Amount	$ 125,000
Derivative, Nonmonetary Notional Amount, Flow Rate, Percentage	2.718%
Interest Rate Derivative Liabilities, at Fair Value			7,220			7,220					$ 7,039
Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Interest Rate Derivative Assets, at Fair Value			4,702			4,702					4,120
Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Interest Rate Derivative Assets, at Fair Value			2,518			2,518					2,919
Secured Debt [Member]
Debt Instrument, Unamortized Discount, Total			331			331					387
Long-Term Debt			202,169			202,169					207,737
Senior Secured Term Loan Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			225,000			$ 225,000
Senior Secured Term Loan Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate						0.10%
Swingline Loan [Member]
Line of Credit Facility, Maximum Borrowing Capacity			15,000			$ 15,000
Credit Agreement [Member]
Debt Issuance Costs, Net								$ 1,409
Debt Instrument, Unamortized Discount, Total								563
Write off of Deferred Debt Issuance Cost								972
Write off of Unamortized Debt Discount								3,964
Gain (Loss) on Extinguishment of Debt, Total								$ 4,936
Debt Instrument Covenant Leverage Ratio					3.50%
Debt Instrument, Covenant Consolidated Interest Coverage Ratio					3%
Minimum [Member] | Leverage Ratio One [Member] | Senior Secured Term Loan Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate						1.375%
Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility Increase in Maximum Borrowing Capacity			175,000			$ 175,000
Maximum [Member] | Leverage Ratio One [Member] | Senior Secured Term Loan Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate						2%
Revolving Credit Facility [Member]
Line of Credit Facility Increase in Maximum Borrowing Capacity										$ 50,000
Line of Credit Facility, Maximum Borrowing Capacity			150,000			$ 150,000				150,000
Debt Issuance Costs, Net										$ 334
Long-Term Line of Credit			74,000			74,000					0
Line of Credit Facility, Remaining Borrowing Capacity			75,450			$ 75,450					$ 99,450
Revolving Credit Facility [Member] | New York Federal Reserve Bank NYFRB [Member]
Debt Instrument, Basis Spread on Variable Rate						0.50%
Revolving Credit Facility [Member] | One Month Adjusted Term SOFR Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						0.10%
Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage						0.15%
Revolving Credit Facility [Member] | Minimum [Member] | Leverage Ratio Two [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate						0.375%
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage						0.30%
Revolving Credit Facility [Member] | Maximum [Member] | Leverage Ratio Two [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate						1%
Revolving Credit Facility [Member] | Corporate Owned Life Insurance Policies [Member]
Line of Credit Facility, Maximum Borrowing Capacity									$ 1,000
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 10,000			$ 10,000

Note 9 - Long-term Debt - Sched

Note 9 - Long-term Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Less current maturities	$ 11,137	$ 11,137
Deferred financing costs, net	1,400	1,301
Long-term debt, net	189,632	195,299
Secured Debt [Member]
Term Loan, net of debt discount of $331 and $387 at June 30, 2023 and December 31, 2022, respectively	202,169	207,737
Less current maturities	11,137	11,137
Long-term debt before deferred financing costs	$ 191,032	$ 196,600

Note 9 - Long-term Debt - Sch_2

Note 9 - Long-term Debt - Schedule of Long-term Debt Instruments (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Secured Debt [Member]
Unamortized discount on issuance of debt	$ 331	$ 387

Note 10 - Accrued Expenses an_3

Note 10 - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payroll and related costs	$ 9,310	$ 10,805
Employee benefits	8,985	8,863
Accrued warranty	4,656	4,558
Other	7,325	6,258
Accrued Liabilities, Current	$ 30,276	$ 30,484

Note 11 - Warranty Liability (D

Note 11 - Warranty Liability (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Standard Product Warranty Period of Warranty History Used in Estimating Warranty Costs (Year)	5 years
Standard Product Warranty Accrual	$ 7,844	$ 6,817	$ 7,876	$ 6,518	$ 5,451	$ 6,368
Standard Product Warranty Accrual, Noncurrent	3,188		3,318
Standard Product Warranty Accrual, Current	$ 4,656		$ 4,558
Snow And Ice Control Equipment [Member] | Maximum [Member]
Standard Product Warranty Period (Year)	2 years
Parts And Accessories [Member]
Standard Product Warranty Period (Year)	1 year
Certain Snowplows [Member]
Standard Product Warranty Period (Year)	1 year

Note 11 - Warranty Liability -

Note 11 - Warranty Liability - Schedule of Rollforward of Company's Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Warranty balance	$ 6,817	$ 5,451	$ 7,876	$ 6,368
Warranty provision	1,543	1,560	2,007	2,401
Claims paid/settlements	(516)	(493)	(2,039)	(2,251)
Warranty balance	$ 7,844	$ 6,518	$ 7,844	$ 6,518

Note 12 - Earnings Per Share -

Note 12 - Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 23,964	$ 17,725	$ 10,854	$ 13,817
Less income allocated to participating securities	540	345	240	260
Net income allocated to common shareholders	$ 23,424	$ 17,380	$ 10,614	$ 13,557
Weighted average common shares outstanding (in shares)	22,974,508	22,907,414	22,940,863	22,944,769
Earnings Per Share, Basic	$ 1.02	$ 0.76	$ 0.46	$ 0.59
Incremental shares applicable to non-participating RSUs (in shares)	0	0	0	2,583
Weighted average common shares assuming dilution (in shares)	22,974,508	22,907,414	22,940,863	22,947,352
Earnings Per Share, Diluted	$ 1.01	$ 0.75	$ 0.45	$ 0.58

Note 13 - Employee Stock Plan_2

Note 13 - Employee Stock Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	May 31, 2010
Share-Based Payment Arrangement, Expense	$ 3,279	$ 3,153	$ 4,236	$ 5,053
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 39.50
The 2010 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)					2,130,000
The 2010 Stock Incentive Plan [Member] | Equity Awards [Member]
Share-Based Payment Arrangement, Expense	2,229	2,801	$ 3,249	3,724
The 2010 Stock Incentive Plan [Member] | Performance Shares [Member]
Share-Based Payment Arrangement, Expense	1,961	2,052	$ 1,544	2,711
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 37.36
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	3,194		$ 3,194
The 2010 Stock Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense	1,318	$ 1,101	2,692	$ 2,342
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2,594		$ 2,594

Note 13 - Employee Stock Plan_3

Note 13 - Employee Stock Plans - Summary of RSU Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Unvested, shares (in shares)	111,264
Unvested, weighted average grant date fair value (in dollars per share)	$ 41.89
Unvested, contractual term (Year)	2 years 1 month 6 days	1 year 9 months 3 days
Granted, shares (in shares)	118,878
Granted, weighted average grant date fair value (in dollars per share)	$ 39.50
Granted, contractual term (Year)	1 year 10 months 28 days
Vested, shares (in shares)	(79,592)
Vested, weighted average grant date fair value (in dollars per share)	$ 44.47
Cancelled and forfeited, shares (in shares)	(242)
Cancelled and forfeited, weighted average grant date fair value (in dollars per share)	$ 38.77
Unvested, shares (in shares)	150,308	111,264
Unvested, weighted average grant date fair value (in dollars per share)	$ 38.64	$ 41.89
Expected to vest in the future, shares (in shares)	147,097
Expected to vest in the future, weighted average grant date fair value (in dollars per share)	$ 38.64
Expected to vest in the future, contractual term (Year)	2 years 1 month 6 days

Note 15 - Segments (Details Tex

Note 15 - Segments (Details Textual)	6 Months Ended
	Jun. 30, 2023
Number of Reportable Segments	2

Note 15 - Segments - Summarized

Note 15 - Segments - Summarized Financial Information of Reportable Segments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue		$ 207,267	$ 187,561	$ 289,812	$ 290,162
Adjusted EBITDA		43,261	34,102	35,887	38,738
Depreciation and amortization expense		5,442	5,204	10,799	10,393
Assets		641,200	613,484	641,200	613,484	$ 596,891
Capital Expenditures		2,769	3,291	4,237	4,647
Interest expense - net		(3,736)	(2,473)	(6,600)	(4,586)
Depreciation expense		2,812	2,574	5,539	5,133
Amortization		2,630	2,630	5,260	5,260
Stock based compensation		3,279	3,153	4,236	5,053
Other charges (1)	[1]	68	182	142	541
Income before taxes		30,736	23,090	14,110	18,165
Work Truck Attachments [Member]
Revenue		141,221	130,364	160,467	176,140
Adjusted EBITDA		42,296	33,589	32,065	36,633
Depreciation and amortization expense		3,403	3,201	6,741	6,390
Assets		439,940	421,310	439,940	421,310
Capital Expenditures		1,933	2,928	2,865	4,066
Work Truck Solutions [Member]
Revenue		66,046	57,197	129,345	114,022
Adjusted EBITDA		965	513	3,822	2,105
Depreciation and amortization expense		2,039	2,003	4,058	4,003
Assets		201,260	192,174	201,260	192,174
Capital Expenditures		$ 836	$ 363	$ 1,372	$ 581
[1]Reflects expenses and accrual reversals for one time, unrelated legal, severance, restructuring and consulting fees for the periods presented.

Note 16 - Income Taxes (Details

Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Effective Income Tax Rate Reconciliation, Percent	22%	23.20%	23.10%	23.90%
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-Based Payment Arrangement, Amount	$ 129	$ 64	$ 129	$ 64

Note 17 - Changes in Accumula_3

Note 17 - Changes in Accumulated Other Comprehensive Income (Loss) by Component - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022
Balance	$ 9,128		$ (1,053)
Other comprehensive gain before reclassifications	1,401		4,443
Amounts reclassified from accumulated other comprehensive income (loss): (1)	(1,623)		1,247
Balance	8,906		4,637
Actuarial gains	(144)	[1]	(110)
Tax expense	37		28
Reclassification net of tax	(107)		(82)
Realized gains on interest rate swaps reclassified to interest expense	(2,048)		1,796
Tax expense	532		(467)
Reclassification net of tax	(1,516)		1,329
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	6,115		(3,524)
Other comprehensive gain before reclassifications	1,401		4,443
Amounts reclassified from accumulated other comprehensive income (loss): (1)	(1,516)		1,329
Balance	6,000		2,248
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	3,013		2,471
Other comprehensive gain before reclassifications	0		0
Amounts reclassified from accumulated other comprehensive income (loss): (1)	(107)		(82)
Balance	$ 2,906		$ 2,389
[1]These components are included in the computation of benefit plan costs in Note 13.