ASV 10-Q 31 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2019	Jul. 29, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	ASV
Entity Registrant Name	ASV HOLDINGS, INC.
Entity Central Index Key	0001690881
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity File Number	001-38089
Entity Tax Identification Number	821501649
Entity Address, Address Line One	840 Lily Lane
Entity Address, Address Line Two	Grand Rapids
Entity Address, State or Province	MINNESOTA
Entity Address, Postal Zip Code	55744
City Area Code	218
Local Phone Number	327-3434
Entity Common Stock, Shares Outstanding		9,909,858

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 8	$ 2
Accounts receivable, net	15,594	18,462
Receivables from affiliates	26	7
Income tax receivable		840
Inventory, net	33,241	34,055
Prepaid income tax	65	43
Prepaid expenses and other	745	593
Total current assets	49,679	54,002
Property, plant and equipment, net	11,862	12,662
Operating lease assets, net	1,054
Intangible assets, net	19,457	20,730
Other long-term assets	313	237
Total assets	82,365	87,631
CURRENT LIABILITIES
Notes payable - current portion	2,012	2,991
Trade accounts payable	13,352	18,834
Payables to affiliates		480
Accrued compensation and benefits	1,296	1,394
Accrued warranties	1,405	1,584
Operating lease liability- current portion	287
Accrued other current liabilities	1,710	1,405
Total current liabilities	20,062	26,688
Revolving loan facility	18,315	16,026
Notes payable - long term, net	9,139	10,159
Operating lease liability- long term	827
Other long-term liabilities	651	727
Total liabilities	48,994	53,600
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 5,000 authorized, none outstanding at June 30, 2019 and December 31, 2018, respectively
Common stock, $0.001 par value, 50,000 authorized, 9,910 and 9,851 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	10	10
Additional paid-in capital	66,094	65,794
Accumulated deficit	(32,733)	(31,773)
Total Stockholders' Equity	33,371	34,031
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 82,365	$ 87,631

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	9,910,000	9,851,000
Common stock, shares outstanding	9,910,000	9,851,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net sales	$ 36,018,000	$ 31,860,000	$ 63,356,000	$ 61,729,000
Cost of goods sold	31,435,000	27,603,000	55,338,000	53,531,000
Gross profit	4,583,000	4,257,000	8,018,000	8,198,000
Research and development costs	523,000	451,000	1,015,000	922,000
Selling, general and administrative expense	3,713,000	2,934,000	6,849,000	6,341,000
Operating income	347,000	872,000	154,000	935,000
Other income (expense)
Interest expense	(570,000)	(464,000)	(1,122,000)	(922,000)
Other income			8,000	7,000
Total other expense	(570,000)	(464,000)	(1,114,000)	(915,000)
(Loss) Income before income taxes	(223,000)	408,000	(960,000)	20,000
Income tax expense (benefit)	0	89,000		8,000
Net (loss) income	$ (223,000)	$ 319,000	$ (960,000)	$ 12,000
Earnings per share:
Basic net (loss) income per share of common stock	$ (0.02)	$ 0.03	$ (0.10)	$ 0
Diluted net (loss) income per share of common stock	$ (0.02)	$ 0.03	$ (0.10)	$ 0
Weighted average common shares outstanding:
Basic weighted average common shares outstanding	9,901	9,823	9,882	9,820
Diluted weighted average common shares outstanding	9,901	9,823	9,882	9,820

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)
Balances, Value at Dec. 31, 2017	$ 65,801	$ 10	$ 65,434	$ 357
Balance, Shares at Dec. 31, 2017		9,806
Stock-based compensation expense, Value	196		196
Incentive plan grant, Shares		18
Repurchase to satisfy withholding and cancelled, Value	(52)		(52)
Repurchase to satisfy withholding and cancelled, Shares		(6)
Net Income (loss), Value	(307)			(307)
Balances, Value at Mar. 31, 2018	65,638	$ 10	65,578	50
Balance, Shares at Mar. 31, 2018		9,818
Balances, Value at Dec. 31, 2017	65,801	$ 10	65,434	357
Balance, Shares at Dec. 31, 2017		9,806
Net Income (loss), Value	12
Balances, Value at Jun. 30, 2018	66,004	$ 10	65,625	369
Balance, Shares at Jun. 30, 2018		9,834
Balances, Value at Mar. 31, 2018	65,638	$ 10	65,578	50
Balance, Shares at Mar. 31, 2018		9,818
Stock-based compensation expense, Value	71		71
Incentive plan grant, Shares		16
Repurchase to satisfy withholding and cancelled, Value	(24)		(24)
Net Income (loss), Value	319			319
Balances, Value at Jun. 30, 2018	66,004	$ 10	65,625	369
Balance, Shares at Jun. 30, 2018		9,834
Balances, Value at Dec. 31, 2018	$ 34,031	$ 10	65,794	(31,773)
Balance, Shares at Dec. 31, 2018	9,851	9,851
Stock-based compensation expense, Value	$ 218		218
Incentive plan grant, Shares		49
Repurchase to satisfy withholding and cancelled, Value	(9)		(9)
Repurchase to satisfy withholding and cancelled, Shares		(3)
Net Income (loss), Value	(737)			(737)
Balances, Value at Mar. 31, 2019	33,503	$ 10	66,003	(32,510)
Balance, Shares at Mar. 31, 2019		9,897
Balances, Value at Dec. 31, 2018	$ 34,031	$ 10	65,794	(31,773)
Balance, Shares at Dec. 31, 2018	9,851	9,851
Net Income (loss), Value	$ (960)
Balances, Value at Jun. 30, 2019	$ 33,371	$ 10	66,094	(32,733)
Balance, Shares at Jun. 30, 2019	9,910	9,910
Balances, Value at Mar. 31, 2019	$ 33,503	$ 10	66,003	(32,510)
Balance, Shares at Mar. 31, 2019		9,897
Stock-based compensation expense, Value	91		91
Incentive plan grant, Shares		13
Net Income (loss), Value	(223)			(223)
Balances, Value at Jun. 30, 2019	$ 33,371	$ 10	$ 66,094	$ (32,733)
Balance, Shares at Jun. 30, 2019	9,910	9,910

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
OPERATING ACTIVITIES
Net (loss) income	$ (960)	$ 12
Adjustments to reconcile to net income to net cash provided by operating activities:
Depreciation	1,174	1,129
Amortization	1,273	1,273
Share-based compensation	265	251
Loss on sale of fixed assets	36	1
Amortization of deferred finance cost	89	71
Bad debt expense	(5)	23
Changes in operating assets and liabilities
Accounts receivable	2,873	3,177
Net accounts receivable/payable from affiliates	(498)	(231)
Income tax receivable	840
Inventory	744	(4,089)
Prepaid income tax	(22)	(17)
Prepaid expenses	(153)	(69)
Operating lease asset and liabilities	60
Trade accounts payable	(5,482)	(90)
Accrued expenses	72	(967)
Other long-term liabilities	(80)	(40)
Net cash provided by operating activities	226	434
INVESTING ACTIVITIES
Purchase of property and equipment	(336)	(501)
Net cash used in investing activities	(336)	(501)
FINANCING ACTIVITIES
Principal payments on term debt	(1,984)	(1,001)
Proceeds from long-term note		425
Debt issuance costs incurred	(180)
Shares repurchased for income tax withholding on share-based compensation	(9)	(76)
Net borrowings on revolving credit facilities	2,289	720
Net cash provided by financing activities	116	68
NET CHANGE IN CASH	6	1
Cash at beginning of period	2	3
Cash at end of period	$ 8	$ 4

Business Description

Business Description	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Business Description	Note 1. Business Description Nature of Operations ASV Holdings, Inc. (the “Company” or “ASV”) primarily designs, manufactures and markets compact track loaders and skid steer loaders as well as related parts for use primarily in the construction, landscaping, and agricultural industries. The Company’s headquarters and manufacturing facility is located in Grand Rapids, Minnesota. Products are marketed and sold in North America, Australia, New Zealand and Latin America. Agreement and Plan of Merger On June 26, 2019, ASV entered into an Agreement and Plan of Merger (the “Merger Agreement”) among Yanmar America Corporation, a Georgia corporation (“Yanmar”), Osaka Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Yanmar (“Merger Sub”), and Yanmar Co., Ltd., a company organized under the laws of Japan (“Guarantor”). The Merger Agreement provides that, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into the Company (the “Merger” and, collectively with the other transactions contemplated by the Merger Agreement, the “Transactions”), with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Yanmar. At the effective time of the Merger (the “Effective Time”), each share of common stock, par value $0.001 per share, of the Company (the “Common Stock”), issued and outstanding immediately prior to the Effective Time (other than (A) shares of Common Stock held in the treasury of the Company and shares of Common Stock owned by Yanmar or any direct or indirect subsidiary of Yanmar (including Merger Sub) which shall automatically be cancelled without any conversion thereof and no payment or distribution shall be made with respect thereto and (B) shares of Common Stock for which appraisal rights have been validly asserted) shall be converted into the right to receive $7.05 per share in cash, without interest (the “Per Share Merger Consideration”). Guarantor has irrevocably and unconditionally guaranteed to the Company the due and punctual payment and performance of (i) Yanmar’s and Merger Sub’s obligations under the Merger Agreement, and (ii) Yanmar’s and Merger Sub’s liability and obligations (including for breach) under the Merger Agreement. At the Effective Time, any restricted stock units providing for a right to receive shares of Common Stock outstanding immediately prior to the Effective Time that are unvested or are subject to a repurchase option, risk of forfeiture or other condition shall, as of the Effective Time, whether granted prior to the date of the Merger Agreement or granted after the date of the Merger Agreement as permitted by the Merger Agreement, become fully vested and nonforfeitable and shall be cancelled and converted automatically into the right to receive an amount in cash equal to the product of (i) the Merger Consideration multiplied by (ii) the total number of shares of Common Stock subject to such restricted stock units. The Board of Directors of the Company (the “Board”) has unanimously (i) determined that the Merger Agreement and the Transactions, including the Merger, are advisable and fair to, and in the best interests of, the Company’s stockholders, (ii) approved and declared advisable the Merger Agreement and the Transactions, including the Merger, (iii) approved the execution, delivery and performance by the Company of the Merger Agreement and the consummation of the Transactions, including the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement, (iv) recommended that the stockholders of the Company vote to approve the Transactions, including the Merger, and adopt the Merger Agreement, and (v) directed that the adoption of the Merger Agreement be submitted to a vote of the Company’s stockholders. The consummation of the Merger (the “Closing”) is subject to certain conditions, including (i) the affirmative vote of the holders of a majority of the outstanding shares of Common Stock (the “Stockholder Approval”), (ii) the absence of any law or order restraining, enjoining or otherwise prohibiting the Merger and (iii) any waiting period (and any extension thereof) applicable to the consummation of the Merger under applicable foreign, federal or state antitrust, competition or fair-trade laws shall have expired or been terminated. Each of Yanmar’s, Merger Sub’s, and the Company’s obligation to consummate the Merger is also subject to additional customary conditions, including (x) subject to specific standards, the accuracy of the representations and warranties of the other party, (y) performance in all material respects by the other party of its obligations under the Merger Agreement, and (z) with respect to Yanmar’s and Merger Sub’s obligations to consummate the Merger, the absence of a Company Material Adverse Effect (as defined in the Merger Agreement). The Company has made customary representations and warranties in the Merger Agreement and has agreed to customary covenants regarding the operation of the business of the Company and its subsidiaries prior to the earlier of the Closing or the date that the Merger Agreement is terminated in accordance with its terms. Each of Yanmar and Merger Sub has agreed to customary covenants related to treatment of employees and their compensation and benefits after Closing. The Company is also subject to customary restrictions on its ability to solicit acquisition proposals from third parties, to provide information to, and enter into discussions or negotiations with, third parties regarding alternative acquisition proposals. However, prior to the Stockholder Approval, these restrictions are subject to customary “fiduciary out” provisions that allow, under certain circumstances, (i) the Company to provide information to, and enter into discussions or negotiations with, third parties with respect to an acquisition proposal if the Board determines in good faith, after consultation with and taking into account the advice of, the Company’s financial advisor and outside legal counsel, that such alternative acquisition proposal could reasonably be expected to constitute or result in a Superior Proposal (as defined in the Merger Agreement) and that failure to take such actions would be inconsistent with its fiduciary duties and (ii) the Board to withdraw or change its recommendation in favor of the Merger if a Company Intervening Event (as defined in the Merger Agreement) occurs and as a result thereof it determines that its failure to take such action would be inconsistent with its fiduciary duties. If the Company receives an unsolicited, written acquisition proposal that the Board determines in good faith (after consultation with its outside advisors) is a Superior Proposal (as defined in the Merger Agreement) and determines in good faith (after consultation with its outside legal counsel) that its failure to withdraw or change its recommendation with respect to the Merger would be inconsistent with its fiduciary duties, the Company may terminate the Merger Agreement to enter into a definitive agreement with respect to such Superior Proposal. The Merger Agreement also includes customary termination provisions for both the Company and Yanmar and provides that, in connection with the termination of the Merger Agreement, under specified circumstances, the Company will be required to pay Yanmar a termination fee of $2,650, including if (i) the Company enters into an acquisition agreement with respect to a Superior Proposal prior to obtaining the Stockholder Approval or (ii) the Board changes its recommendation or takes similar actions prior to the meeting of the stockholders. The Merger Agreement further provides that, upon termination of the Merger Agreement under specified circumstances, the Company will be required to pay to Yanmar up to $500 for expenses incurred by Yanmar. The Merger Agreement also provides that, upon termination of the Merger Agreement under specified circumstances, Yanmar will be required to pay to the Company up to $500 for expenses incurred by the Company. Each party to the Merger Agreement is required to use its reasonable best efforts to take all actions to consummate the Merger. The Merger Agreement includes customary representations, warranties, and covenants of the Company made solely for the benefit of Yanmar and Merger Sub. The assertions embodied in those representations and warranties were made solely for purposes of allocating risk among the Company, Yanmar and Merger Sub rather than establishing matters of fact and may be subject to important qualifications and limitations agreed to by the Company, Yanmar, and Merger Sub in connection with the negotiated terms. Moreover, some of those representations and warranties may not be accurate or complete as of any specified date, may be subject to a contractual standard of materiality different from those generally applicable to the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Investors should not rely on the representations, warranties, and covenants or any description thereof as characterizations of the actual state of facts of the Company or any of its subsidiaries or affiliates. If the Merger is consummated, the Common Stock will be delisted from the Nasdaq Capital Market and deregistered under the Securities Exchange Act of 1934. Voting Agreement Concurrently with the execution of the Merger Agreement, on June 26, 2019, A.S.V. Holding, LLC, which is a wholly owned subsidiary of Terex Corporation, Inc. (the “Key Stockholder”) representing approximately 34% of the outstanding Common Stock of the Company entered into a Voting Agreement (the “Voting Agreement”) with Yanmar, pursuant to which, among other things, and subject to the terms and conditions set forth therein, the Key Stockholder agreed to vote its shares of Common Stock in favor of the adoption of the Merger Agreement and against any alternative proposal. The Voting Agreement automatically terminates upon the earliest to occur of (i) the Effective Time, (ii) a change in the Board’s recommendation to stockholders that results from a Company Intervening Event, (iii) the termination of the Merger Agreement, (iv) the election of the Key Stockholder upon any amendment or modification to the Merger Agreement with respect to any terms of the merger consideration, the conditions to the merger or any change to the Merger Agreement that would have a materially adverse impact on the Key Stockholder or (v) the written agreement of the parties to the Voting Agreement. This summary of the principal terms of the Merger Agreement and the Voting Agreement is intended to provide information regarding the terms of the Merger Agreement and the Voting Agreement and is not intended to modify or supplement any factual disclosures about the Company in its public reports filed with the SEC. In particular, the Merger Agreement and related summary is not intended to be, and should not be relied upon as, disclosure regarding any facts and circumstances relating to the Company. The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement and the Voting Agreement, copies of which were filed as Exhibit 2.1 and Exhibit 10.1, respectively, to the Company’s Current Report on Form 8-K filed on June 27, 2019. Compensatory Arrangement On June 26, 2019, in connection with the Merger, the Board adopted retention bonus agreements (the “Retention Agreements”) that apply to the following executive officers of the Company: Melissa How, Chief Financial Officer, Justin Rupar, Vice President of Sales and Marketing, and Thomas Foster, Vice President of Operations and Supply Chain (collectively, the “Participants”). The purpose of the Retention Agreements is to ensure that the expertise of such Participants is preserved for the benefit of the Company through at least the Effective Time. Pursuant to the Retention Agreements, each Participant will receive a retention bonus in the event that such Participant (i) remains employed by the Company and performs his or her duties and responsibilities in a satisfactory manner through the earlier of (i) the closing date of the Merger or (ii) the Merger Agreement is terminated in accordance with its terms. If a Participant is terminated for Cause (as such term is defined in each Retention Agreement), such Participant shall not be entitled to receive the retention bonus. Pursuant to their respective Retention Agreements, Ms. How will receive $75 and Messrs. Rupar and Foster will each receive $50. The foregoing description of the Retention Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Retention Agreements, which is filed as Exhibit 10.2 to our Current Report on Form 8-K filed on June 27, 2019.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The unaudited financial statements, included herein, have been prepared by the Company pursuant to the rules and regulations of the SEC. Pursuant to these rules and regulations, the financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and have been consistently applied. These unaudited financial statements should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018. The unaudited financial statements include all adjustments of a normal, recurring nature considered necessary for a fair presentation of our financial position as of June 30, 2019 and the results of operations for the three and six months ended June 30, 2019 and 2018. Results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ended December 31, 2019. Critical Accounting Policies and Estimates The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which require the Company to make estimates, judgments and assumptions that affect the reported amounts of certain assets, liabilities, revenues, expenses and related disclosures and contingencies. The Company evaluates estimates used in preparation of the accompanying financial statements on a continual basis. We describe our significant accounting policies in Note 2, “Summary of Significant Accounting Policies,” of the audited financial statements for the year ended December 31, 2018 included in the Annual Report on Form 10-K. Recent Accounting Pronouncements Recent accounting pronouncements are described in Note 11, “Recent Accounting Pronouncements.” Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company determines the allowance based on individual customer review and current economic conditions. The Company reviews its allowance for doubtful accounts at least quarterly. Individual balances exceeding a threshold amount that are over 90 days past due are reviewed individually for collectability. All other balances are reviewed on a pooled basis by type of receivable. Account balances are charged off against the allowance when the Company determines it is probable the receivable will not be recovered. The balance of the allowance for doubtful accounts was $104 and $109 at June 30, 2019 and December 31, 2018, respectively. Revenue Recognition The Company’s revenues result from the sale of goods or services and reflect the consideration to which the Company expects to be entitled. The Company records revenue based on a five-step model in accordance with ASC 606, Revenue from Contracts with Customers Provisions for sales program incentives (such as wholesale subsidies, retail subsidies and customer cash), product returns, and discounts and allowances are variable consideration and are accounted for as a reduction of revenue and establishment of a liability (or contra asset receivable as appropriate) using the expected value method. The Company considers historical data in determining its best estimates of variable consideration. These estimates are reviewed regularly for appropriateness, considering also whether the estimates should be constrained in order to avoid a significant reversal of revenue recognition in a future period. Typically, all qualifying machine sales to distributors or dealers provide for program incentives that are accrued at the time of sales. If updated information or actual amounts are different from previous estimates of variable consideration, the revisions are included in the results for the period in which they become known through a cumulative effect adjustment to revenue. In addition, the Company’s contracts with customers generally do not include significant financing components or noncash consideration. The Company expenses incremental costs of obtaining a contract (primarily sales commissions) as selling, general and administrative expense in the Condensed Statements of Operations, because the amortization period would be less than one year. The Company disaggregates revenue from contracts with customers by geographic location and major customer (see Concentrations of Business and Credit Risk) as we believe this best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Accrued Warranties The Company records accruals for potential warranty claims based on its claim experience. The Company’s products are typically sold with a standard warranty covering defects that arise during a fixed period. A liability for estimated warranty claims is accrued at the time of sale. The liability is established using historical warranty claim experience for each product sold. Historical claim experience may be adjusted for known design improvements or for the impact of unusual product quality issues. Warranty reserves are reviewed quarterly to ensure critical assumptions are updated for known events that may affect the potential warranty liability. Litigation Claims In determining whether liabilities should be recorded for pending litigation claims, the Company must assess the allegations and the likelihood that it will successfully defend itself. When the Company believes it is probable that it will not prevail in a particular matter, it will then record an estimate of the amount of liability based, in part, on advice of outside legal counsel. Income Taxes The Company’s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. The Company is estimating an annual effective tax rate of 18.9% (excluding discrete items) for the year ending December 31, 2019. Our effective tax rate is affected by recurring items such as state and local taxes, a reduced federal tax rate for foreign derived intangible income and federal research and development credits. For the three months ended June 30, 2019, the Company recorded no income tax expense on its pre-tax loss of $(223) pursuant to the authoritative accounting literature prescribed in ASC 740-27-30-30 through 33 as the Company has a year-to-date loss of $(960) through June 30, 2019. For the three months ended June 30, 2018, the Company recorded an income tax expense of $89, which consists of a federal and state income tax benefit on its pre-tax income of $408. At June 30, 2019, the Company did not have any uncertain tax positions. The Company records interest and penalties related to uncertain tax positions in the provision for income taxes in the accompanying Statement of Income. Concentrations of Business and Credit Risk Caterpillar Inc., an OEM customer, and CEG Distributions PTY Ltd., the Company’s Australian master distributor, accounted for 15% and 26% of the Company’s Net Sales for the three months ended June 30, 2019 and 2018 respectively, as well as 44% of the Company’s Accounts Receivable at June 30, 2019. Caterpillar Inc. and CEG Distributions PTY Ltd accounted for 19% and 25% of the Company’s Net Sales for the six months ended June 30, 2019 and 2018 respectively, as well as 71% of the Company’s accounts receivable at December 31, 2018. Sales by major customer consisted of the following for the three and six months ended June 30, 2019 and 2018: For the Three Months Ended June 30, For the Three Months Ended June 30, 2019 2018 Percent Percent of Total Amount of Total Amount Caterpillar 10% $ 3,631 13% $ 3,986 CEG Distributions PTY Ltd. 5% 1,778 13% 4,091 Other 85% 30,609 74% 23,783 Total 100% $ 36,018 100% $ 31,860 For the Six Months Ended June 30, For the Six Months Ended June 30, 2019 2018 Percent Percent of Total Amount of Total Amount Caterpillar 13% $ 8,296 14% $ 8,808 CEG Distributions PTY Ltd. 6% 3,614 11% 6,986 Other 81% 51,446 75% 45,935 Total 100% $ 63,356 100% $ 61,729 Any disruptions to these two customer relationships could have adverse effects on the Company’s financial results. The Company manages dealer and OEM concentration risk by evaluating in advance the financial condition and creditworthiness of its dealers and OEM customers. The Company establishes an allowance for doubtful accounts receivable, if needed, based upon expected collectability. Any reserves established for doubtful accounts is re-evaluated on a case-by-case basis when it is believed the payment of specific amounts owed to us is unlikely to occur. The Company has secured a credit insurance policy for certain accounts with a policy limit of liability of not more than $8,600. Revenue by geographic area consisted of the following for the three and six months ended June 30, 2019 and 2018: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Percent Percent Percent Percent of Total Amount of Total Amount of Total Amount of Total Amount United States 80% $ 28,764 68% $ 21,764 82% $ 51,714 74% $ 45,390 Australia 8% 2,702 16% 5,063 8% 5,335 13% 8,423 Other 12% 4,552 16% 5,033 10% 6,307 13% 7,916 Total 100% $ 36,018 100% $ 31,860 100% $ 63,356 100% $ 61,729

Inventory

Inventory	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventory	Note 3. Inventory Inventory consisted of the following as of June 30, 2019 and December 31, 2018: June 30, 2019 December 31, 2018 Raw materials and supplies $ 21,229 $ 20,897 Work in process 36 36 Finished equipment and replacement parts 11,976 13,122 $ 33,241 $ 34,055

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 4. Intangible Assets Intangible assets, net comprised the following as of June 30, 2019: Weighted Gross Net Average Life Carrying Accumulated Carrying (In Years) Amount Amortization Amount Patents and unpatented technology 10 $ 8,000 $ (3,627 ) $ 4,373 Tradename and trademarks 25 7,000 (1,268 ) 5,732 Customer relationships 11 16,000 (6,648 ) 9,352 12 $ 31,000 $ (11,543 ) $ 19,457 Intangible assets, net comprised the following as of December 31, 2018: Weighted Gross Net Average Life Carrying Accumulated Carrying . (In Years) Amount Amortization Amount Patents and unpatented technology 10 $ 8,000 $ (3,227 ) $ 4,773 Tradename and trademarks 25 7,000 (1,128 ) 5,872 Customer relationships 11 16,000 (5,915 ) 10,085 12 $ 31,000 $ (10,270 ) $ 20,730 Amortization of other intangible assets for the six months ended June 30, 2019 and 2018 was $1,273.

Accrued Warranties

Accrued Warranties	6 Months Ended
	Jun. 30, 2019
Product Warranties Disclosures [Abstract]
Accrued Warranties	Note 5. Accrued Warranties The following table provides the changes in the Company’s product warranties: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Product warranty accrual balance, beginning of period $ 1,489 $ 1,666 $ 1,584 $ 1,869 Liabilities accrued for warranties during the period 390 247 644 487 Warranty claims paid during the period (474 ) (311 ) (854 ) (640 ) Changes in estimates - 52 31 (62 ) Product warranty accrual balance, end of period $ 1,405 $ 1,654 $ 1,405 $ 1,654

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	Note 6 . Debt On March 28, 2019, the Company entered into a Second Amendment (the “Second Amendment”) to the Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent (“PNC”). The principal modification to the Amended and Restated Credit Agreement resulting from the Second Amendment replaces the maximum leverage ratio requirements for 2019 with a minimum EBITDA covenant and beginning in March of 2020, removes the minimum EBITDA covenant and reverts to a leverage ratio requirement of 2.75 to 1.00, which shall step down to 2.25 to 1.00 by September 30, 2020. In addition, the applicable margin for each advance under the credit agreement was increased by 50 basis points for the period from March 28, 2019 until the first business day following receipt by PNC of the Company’s certificate of compliance with the applicable leverage ratio for the quarter ended March 31, 2020 and the inventory sub-limit was increased to $18 million. Revolving Loan Facility with PNC The Company’s $35,000 revolving loan facility with PNC includes two sub-facilities: (i) a $2,000 letter of credit sub-facility, and (ii) a $3,500 swing loan sub-facility, each of which is fully reserved against availability under the revolving loan facility. The facility matures on December 27, 2022. The $35,000 revolving loan facility is a secured financing facility under which borrowing availability is limited to existing collateral as defined in the agreement. The maximum amount available is limited to (i) the sum of (a) up to 85% of Eligible Receivables, plus (b) 90% of Eligible Insured Foreign Receivables, plus (c) the lesser of (I) 95% of Eligible CAT Receivables, or $8,600 plus (ii) the lesser of (A) the sum of (I) up to 65% of the value of the Eligible Inventory (other than Eligible Inventory consisting of finished goods machines and service parts that are current), plus (II) 80% of the value of Eligible inventory consisting of finished goods machines, plus (III) 75% of the value of Eligible Inventory consisting of service parts that are current) or, (B) up to 90% of the appraised net orderly liquidation value of Eligible Inventory. Inventory collateral is capped at $18,000 less outstanding letters of credit and any reasonable reserves as established by the bank. At June 30, 2019, the maximum the Company could borrow based on available collateral was capped at $21,789. At June 30, 2019, the Company had drawn $18,315 under the $35,000 revolving loan facility. The Company can opt to pay interest on the revolving credit facility at either a domestic rate plus a spread, or a LIBOR rate plus a spread. The domestic rate spread is initially fixed at 1.00% for revolving loan advances until delivery of certain reporting documents with respect to fiscal quarter ending March 31, 2018, at which point it ranges from 1.00% to 1.5% depending on the Average Undrawn Availability (as defined in the Amended and Restated Credit Agreement). The LIBOR spread is initially fixed at 2.00% for revolving loan advances until delivery of the same reporting documents, at which point it ranges from 2.00% to 2.5% depending on the Average Undrawn Availability. Funds borrowed under the LIBOR options can set the borrowing rate for periods of one, two, or three months. The weighted average interest rate for the six-month period ended June 30, 2019 was 5.2%. Additionally, the bank assesses a 0.25% unused line fee that is payable quarterly. Term Loan C with PNC On December 27, 2017 the Company entered into a $15,000 term loan (“Term Loan C”) facility, with PNC as the administrative agent. At June 30, 2019, the Company had an outstanding balance of $11,021, less $283 debt issuance costs, for net term loan debt of $10,738. The Company can opt to pay interest on the Term Loan C facility at either a domestic rate plus a spread, or a LIBOR rate plus a spread. For term loan advances the domestic rate spread is fixed at 3.75%, and the LIBOR spread is fixed at 4.75%. Funds borrowed under the LIBOR options can set the borrowing rate for periods of one, two, or three months. The weighted average interest rate for the six-month period ending June 30, 2019 was 7.7%. The Company is obligated to make quarterly principal payments of $500, which commenced on January 1, 2018. If the term loan is prepaid in full or in part prior to the maturity date, the Company will be required to pay a prepayment penalty. If paid prior to December 27, 2019 the prepayment penalty will be equal to 2.0% of the prepayment. The prepayment penalty percentage reduces to 1% on or after December 27, 2020, and no penalty if on or after the December 27, 2021. There will be no prepayment obligation in the event that the prepayment of the obligation in full is funded in connection with a refinancing for which PNC is the administrative agent. Any unpaid principal is due on maturity, which is December 27, 2022. Interest is payable monthly beginning on January 1, 2018. Loan Agreements with State Agencies In October 2017, the Company entered into two loan agreements with the State of Minnesota related to the establishment of a new parts distribution center in Grand Rapids, Minnesota. The first loan agreement is a $300 loan with a ten-year term at an interest rate of 3%, with loan forgiveness if certain criteria is met. The lender will forgive $150 of principal and all accrued interest should the Company attain and maintain agreed upon employment levels on the fifth anniversary date of the loan (and not otherwise be in default) and will forgive the remaining $150 of principal and all accrued interest should the Company attain and maintain employment levels at the tenth anniversary of the loan. Should the Company not attain or maintain the agreed upon levels of employment, $150 in principal plus accrued interest will be due on the fifth anniversary of the closing date with the remaining balance being due and payable on the due date of the loan. The second loan agreement is a $125 no interest loan with a seventy-five-month term that includes partial forgiveness if certain criteria are met. The lender will forgive up to $50 of the $125 loan should ASV attain and maintain job creation goals and wage level commitments. The zero-interest loan is to be paid back through monthly payments over the term of the loan. The establishment of the parts distribution center was completed, and loan proceeds disbursed during 2018. Covenants The Company’s indebtedness is collateralized by substantially all of the Company’s assets. The facilities contain customary limitations including, but not limited to, limitations on additional indebtedness, acquisitions, and payment of dividends. The Company is also required to comply with certain financial covenants as defined in the Amended and Restated Credit Agreement. The Company is limited to capital expenditures not to exceed $2,000 in any fiscal year. The revolving credit facility and the term loans require the Company to maintain a Minimum Fixed Charge Coverage ratio of not less than 1.20 to 1.0. Additionally, the term loans require, as per the Second Amendment, as described above, the Company attains a minimum EBITDA covenant. The Company was in compliance with all covenants when required to be measured during the quarter ended June 30, 2019.

Equity

Equity	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Equity	Note 7. Equity 2017 Equity Incentive Plan On May 11, 2017, the Company adopted the ASV Holdings, Inc. 2017 Equity Incentive Plan (the “2017 Plan”). The maximum number of shares of common stock reserved for issuance under the 2017 Plan is 1,250 shares. The total number of shares reserved for issuance however, can be adjusted to reflect certain corporate transactions or changes in the Company’s capital structure. The Company’s employees and members of the board of directors who are not the Company’s employees or employees of the Company’s affliliates are eligible to participate in the 2017 Plan. The 2017 Plan is administered by the compensation committee of the Company’s board of directors. The 2017 Plan provides that the committee has the authority to, among other things, select plan participants, determine the type and amount of rewards, determine the award terms, fix all other conditions of any awards, interpret the plan and any plan awards. Under the 2017 Plan, the committee can grant stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares and performance units. The 2017 Plan requires that the exercise price for stock options and stock appreciation rights be not less then fair market value of the Company’s common stock on date of grant. The Company awarded a total of 100 restricted stock units to directors and employees under the 2017 Plan on March 11, 2019. The restricted stock units are subject to the same conditions as the restricted stock awards except the restricted stock units will not have voting rights and the common stock will not be issued until the vesting criteria are satisfied The following table contains information regarding restricted stock units: June 30, 2019 Outstanding on December 31, 2018 77 Units granted during the period 100 Vested and issued, net of repurchase for income tax withholding (60 ) Outstanding on June 30, 2019 117 On January 10, 2019, the Company granted an aggregate of 60 restricted stock units to employees pursuant to the 2017 Plan. Restricted stock units of 20, 20, and 20 vest in 2020, 2021 and 2022, respectively. On March 11, 2019, the Company granted 39 restricted stock units to directors pursuant to the 2017 Plan. These stock units immediately vested. On March 11, 2019, the Company granted an aggregate of 1 restricted stock unit to employees pursuant to the 2017 Plan. This stock unit immediately vested. The value of the restricted stock is being charged to compensation expense over the vesting period and the Company has elected to account for foreitures as they occur. Compensation expense includes expense related to restricted stock units of $129 and $102 for the three months and $265 and $251 for the six months ended June 30, 2019 and 2018, respectively. Unrecognized compensation expense related to non-vested restricted stock units will be recognized as follows: $182, $238, and $62 for the remainder of 2019, 2020, and 2021, respectively

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8. Commitments and Contingencies The Company is involved in various legal proceedings, including product liability, general liability, workers’ compensation liability, and employment litigation, which have arisen in the normal course of operations. The Company is insured for product liability, general liability, workers’ compensation, employer’s liability, property damage and other insurable risk required by law or contract, with retained liability or deductibles. The Company has recorded and maintains an estimated liability in the amount of management’s estimate of the Company’s aggregate exposure for such retained liabilities and deductibles. For such retained liabilities and deductibles, the Company determines its exposure based on probable loss estimations, which requires such losses to be both probable and the amount or range of probable loss to be estimable. The Company believes it has made appropriate and adequate reserves and accruals for its current contingencies.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 9. Leases The Company has operating leases for its distribution center, research and development facilities, automobiles, and certain equipment. The leases have remaining lease terms of 1 year to 16 years, some of which include options to extend the leases for up to 6 years. Leases may include one or more options to renew. The exercise of lease renewal options is typically at our sole discretion. Renewals to extend the lease terms for the distribution center are included in our Right of Use (“ROU”) operating lease assets and lease liabilities as they are reasonably certain of exercise. The renewal options are evaluated with each lease and when they are reasonably certain of exercise, the renewal period is included in our lease term. As most of our leases do not provide an implicit rate, we use an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. Certain operating leases for vehicles contain residual value guarantee provisions which would generally become due at the expiration of the operating lease agreement if the fair value of the leased vehicles is less than the guaranteed residual value. The aggregate residual value guarantee related to these leases was approximately $81. We believe the likelihood of funding the guarantee obligation under any provision of the operating lease agreements is remote. To the extent our fleet contains vehicles we estimate will settle at a gain, such gains on these vehicles will be recognized when we sell the vehicle. The components of lease expense were as follows: Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost $ 66.8 $ 129.0 Maturities for all operating lease liabilities are as follows: Total 2019 $ 148 2020 295 2021 281 2022 242 2023 164 2024 and thereafter 174 Total lease payments $ 1,304 Less: Interest (190 ) Present value of lease liabilities $ 1,114 The weighted average remaining lease terms and discount rates for all operating lease were as follows as of June 30, 2019: Remaining lease term and discount rate: Weighted average remaining lease term (years) Leased facilities, equipment and vehicles 3.17 Weighted average discount rate Leased facilities, equipment and vehicles 5.11% Supplemental cash flow information related to the Company’s operating leases was as follows: Three months ended June 30, 2019 Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 63 $ 122 The Company (Lessor) has entered into an agreement with a rental company for a rental share program of certain models of its Compact Track Loaders (CTLs). The term of the agreement is three years. The Lessor will continue to own the equipment in which Lessee will have no interest in the equipment other than the right to possess, insure and use the equipment described in the agreement. Monies received from Lessee are based on rental monies received by the Lessee from a customer for the rental of equipment before deductions. Since the lessee’s payments are not probable, lease income shall be limited to the lesser of the income that would be recognized in accordance with ASC 842-30-25-11(a) through (b) or the lease payments, including variable lease payments, that have been collected from the lessee. The agreement also states that the Lessee has the option to purchase the equipment at the end of the term based on a calculated rate referenced in the agreements. Currently, it is not reasonably certain the Lessee plans to exercise. Based on these criteria, this is considered an operating lease. Lease income was as follows: Three months ended June 30, 2019 Six months ended June 30, 2019 Rental Income $ 0.01 $ 0.01

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions Included in the Company’s Condensed Statements of Operations are sales to Terex of $21 and $28 for the three months ended and $48 and $59 for the six months ended June 30, 2019 and 2018, respectively. Also included are sales to Manitex of $9 and $0 for the three months ended and $10 and $0 for the six months ended June 30, 2019 and 2018, respectively. The Company recorded purchases from Terex of $222 and $1,802 for the three months and $1,764 and $3,984 for the six months ended June 30, 2019 and 2018, respectively, which are primarily for shared freight services. The Company also expensed $319 and $175 under a Terex Cross Marketing Agreement and Terex Services Agreement respectively, for the six-month period ended June 30, 2018. Receivables from affiliates include $17 due from Terex and $8 due from Manitex at June 30, 2019, and $5 due from Terex and $2 due from Manitex at December 31, 2018. At June 30, 2019, there were no payables to affiliates. At December 31, 2018, payables of $480 were due to Terex.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 11. Recent Accounting Pronouncements Effective January 1, 2019, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-02, Leases, Targeted Improvements to ASC 842, Leases, Additional information and disclosures required by the new standard are contained in Note 9, Leases. January 1, 2019, the Company adopted the FASB ASU No. 2016-15, “Classification of Certain Cash Receipts and Cash Payments (Topic 230): Statement of Cash Flows” (“ASU 2016-15”), which clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows. ASU 2016-15 also clarifies how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. ASU 2016-15 is effective for fiscal years and interim periods beginning after December 15, 2018, for emerging growth companies. This had no effect on the Company’s financial statements. January 1, 2019, the Company adopted the FASB ASU No. 2017-09, “Compensation – Stock Compensation: Scope of Modification Accounting.” This ASU is intended to provide guidance about which changes to the terms or conditions on a share-based payment award require an entity to apply modification accounting. This new standard is effective for reporting periods beginning after December 15, 2018, and interim periods within that reporting period, for emerging growth companies, with early adoption permitted. This had no effect on the Company’s financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited financial statements, included herein, have been prepared by the Company pursuant to the rules and regulations of the SEC. Pursuant to these rules and regulations, the financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and have been consistently applied. These unaudited financial statements should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018. The unaudited financial statements include all adjustments of a normal, recurring nature considered necessary for a fair presentation of our financial position as of June 30, 2019 and the results of operations for the three and six months ended June 30, 2019 and 2018. Results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ended December 31, 2019.
Critical Accounting Policies and Estimates	Critical Accounting Policies and Estimates The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which require the Company to make estimates, judgments and assumptions that affect the reported amounts of certain assets, liabilities, revenues, expenses and related disclosures and contingencies. The Company evaluates estimates used in preparation of the accompanying financial statements on a continual basis. We describe our significant accounting policies in Note 2, “Summary of Significant Accounting Policies,” of the audited financial statements for the year ended December 31, 2018 included in the Annual Report on Form 10-K.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recent accounting pronouncements are described in Note 11, “Recent Accounting Pronouncements.” Effective January 1, 2019, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-02, Leases, Targeted Improvements to ASC 842, Leases, Additional information and disclosures required by the new standard are contained in Note 9, Leases. January 1, 2019, the Company adopted the FASB ASU No. 2016-15, “Classification of Certain Cash Receipts and Cash Payments (Topic 230): Statement of Cash Flows” (“ASU 2016-15”), which clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows. ASU 2016-15 also clarifies how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. ASU 2016-15 is effective for fiscal years and interim periods beginning after December 15, 2018, for emerging growth companies. This had no effect on the Company’s financial statements. January 1, 2019, the Company adopted the FASB ASU No. 2017-09, “Compensation – Stock Compensation: Scope of Modification Accounting.” This ASU is intended to provide guidance about which changes to the terms or conditions on a share-based payment award require an entity to apply modification accounting. This new standard is effective for reporting periods beginning after December 15, 2018, and interim periods within that reporting period, for emerging growth companies, with early adoption permitted. This had no effect on the Company’s financial statements.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company determines the allowance based on individual customer review and current economic conditions. The Company reviews its allowance for doubtful accounts at least quarterly. Individual balances exceeding a threshold amount that are over 90 days past due are reviewed individually for collectability. All other balances are reviewed on a pooled basis by type of receivable. Account balances are charged off against the allowance when the Company determines it is probable the receivable will not be recovered. The balance of the allowance for doubtful accounts was $104 and $109 at June 30, 2019 and December 31, 2018, respectively.
Revenue Recognition	Revenue Recognition The Company’s revenues result from the sale of goods or services and reflect the consideration to which the Company expects to be entitled. The Company records revenue based on a five-step model in accordance with ASC 606, Revenue from Contracts with Customers Provisions for sales program incentives (such as wholesale subsidies, retail subsidies and customer cash), product returns, and discounts and allowances are variable consideration and are accounted for as a reduction of revenue and establishment of a liability (or contra asset receivable as appropriate) using the expected value method. The Company considers historical data in determining its best estimates of variable consideration. These estimates are reviewed regularly for appropriateness, considering also whether the estimates should be constrained in order to avoid a significant reversal of revenue recognition in a future period. Typically, all qualifying machine sales to distributors or dealers provide for program incentives that are accrued at the time of sales. If updated information or actual amounts are different from previous estimates of variable consideration, the revisions are included in the results for the period in which they become known through a cumulative effect adjustment to revenue. In addition, the Company’s contracts with customers generally do not include significant financing components or noncash consideration. The Company expenses incremental costs of obtaining a contract (primarily sales commissions) as selling, general and administrative expense in the Condensed Statements of Operations, because the amortization period would be less than one year. The Company disaggregates revenue from contracts with customers by geographic location and major customer (see Concentrations of Business and Credit Risk) as we believe this best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.
Accrued Warranties	Accrued Warranties The Company records accruals for potential warranty claims based on its claim experience. The Company’s products are typically sold with a standard warranty covering defects that arise during a fixed period. A liability for estimated warranty claims is accrued at the time of sale. The liability is established using historical warranty claim experience for each product sold. Historical claim experience may be adjusted for known design improvements or for the impact of unusual product quality issues. Warranty reserves are reviewed quarterly to ensure critical assumptions are updated for known events that may affect the potential warranty liability.
Litigation Claims	Litigation Claims In determining whether liabilities should be recorded for pending litigation claims, the Company must assess the allegations and the likelihood that it will successfully defend itself. When the Company believes it is probable that it will not prevail in a particular matter, it will then record an estimate of the amount of liability based, in part, on advice of outside legal counsel.
Income Taxes	Income Taxes The Company’s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. The Company is estimating an annual effective tax rate of 18.9% (excluding discrete items) for the year ending December 31, 2019. Our effective tax rate is affected by recurring items such as state and local taxes, a reduced federal tax rate for foreign derived intangible income and federal research and development credits. For the three months ended June 30, 2019, the Company recorded no income tax expense on its pre-tax loss of $(223) pursuant to the authoritative accounting literature prescribed in ASC 740-27-30-30 through 33 as the Company has a year-to-date loss of $(960) through June 30, 2019. For the three months ended June 30, 2018, the Company recorded an income tax expense of $89, which consists of a federal and state income tax benefit on its pre-tax income of $408. At June 30, 2019, the Company did not have any uncertain tax positions. The Company records interest and penalties related to uncertain tax positions in the provision for income taxes in the accompanying Statement of Income.
Concentrations of Business and Credit Risk	Concentrations of Business and Credit Risk Caterpillar Inc., an OEM customer, and CEG Distributions PTY Ltd., the Company’s Australian master distributor, accounted for 15% and 26% of the Company’s Net Sales for the three months ended June 30, 2019 and 2018 respectively, as well as 44% of the Company’s Accounts Receivable at June 30, 2019. Caterpillar Inc. and CEG Distributions PTY Ltd accounted for 19% and 25% of the Company’s Net Sales for the six months ended June 30, 2019 and 2018 respectively, as well as 71% of the Company’s accounts receivable at December 31, 2018. Sales by major customer consisted of the following for the three and six months ended June 30, 2019 and 2018: For the Three Months Ended June 30, For the Three Months Ended June 30, 2019 2018 Percent Percent of Total Amount of Total Amount Caterpillar 10% $ 3,631 13% $ 3,986 CEG Distributions PTY Ltd. 5% 1,778 13% 4,091 Other 85% 30,609 74% 23,783 Total 100% $ 36,018 100% $ 31,860 For the Six Months Ended June 30, For the Six Months Ended June 30, 2019 2018 Percent Percent of Total Amount of Total Amount Caterpillar 13% $ 8,296 14% $ 8,808 CEG Distributions PTY Ltd. 6% 3,614 11% 6,986 Other 81% 51,446 75% 45,935 Total 100% $ 63,356 100% $ 61,729 Any disruptions to these two customer relationships could have adverse effects on the Company’s financial results. The Company manages dealer and OEM concentration risk by evaluating in advance the financial condition and creditworthiness of its dealers and OEM customers. The Company establishes an allowance for doubtful accounts receivable, if needed, based upon expected collectability. Any reserves established for doubtful accounts is re-evaluated on a case-by-case basis when it is believed the payment of specific amounts owed to us is unlikely to occur. The Company has secured a credit insurance policy for certain accounts with a policy limit of liability of not more than $8,600. Revenue by geographic area consisted of the following for the three and six months ended June 30, 2019 and 2018: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Percent Percent Percent Percent of Total Amount of Total Amount of Total Amount of Total Amount United States 80% $ 28,764 68% $ 21,764 82% $ 51,714 74% $ 45,390 Australia 8% 2,702 16% 5,063 8% 5,335 13% 8,423 Other 12% 4,552 16% 5,033 10% 6,307 13% 7,916 Total 100% $ 36,018 100% $ 31,860 100% $ 63,356 100% $ 61,729

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Sales by Major Customer	Sales by major customer consisted of the following for the three and six months ended June 30, 2019 and 2018: For the Three Months Ended June 30, For the Three Months Ended June 30, 2019 2018 Percent Percent of Total Amount of Total Amount Caterpillar 10% $ 3,631 13% $ 3,986 CEG Distributions PTY Ltd. 5% 1,778 13% 4,091 Other 85% 30,609 74% 23,783 Total 100% $ 36,018 100% $ 31,860 For the Six Months Ended June 30, For the Six Months Ended June 30, 2019 2018 Percent Percent of Total Amount of Total Amount Caterpillar 13% $ 8,296 14% $ 8,808 CEG Distributions PTY Ltd. 6% 3,614 11% 6,986 Other 81% 51,446 75% 45,935 Total 100% $ 63,356 100% $ 61,729
Summary of Revenue by Geographic Area	Revenue by geographic area consisted of the following for the three and six months ended June 30, 2019 and 2018: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Percent Percent Percent Percent of Total Amount of Total Amount of Total Amount of Total Amount United States 80% $ 28,764 68% $ 21,764 82% $ 51,714 74% $ 45,390 Australia 8% 2,702 16% 5,063 8% 5,335 13% 8,423 Other 12% 4,552 16% 5,033 10% 6,307 13% 7,916 Total 100% $ 36,018 100% $ 31,860 100% $ 63,356 100% $ 61,729

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Summary of Inventory	Inventory consisted of the following as of June 30, 2019 and December 31, 2018: June 30, 2019 December 31, 2018 Raw materials and supplies $ 21,229 $ 20,897 Work in process 36 36 Finished equipment and replacement parts 11,976 13,122 $ 33,241 $ 34,055

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets, net comprised the following as of June 30, 2019: Weighted Gross Net Average Life Carrying Accumulated Carrying (In Years) Amount Amortization Amount Patents and unpatented technology 10 $ 8,000 $ (3,627 ) $ 4,373 Tradename and trademarks 25 7,000 (1,268 ) 5,732 Customer relationships 11 16,000 (6,648 ) 9,352 12 $ 31,000 $ (11,543 ) $ 19,457 Intangible assets, net comprised the following as of December 31, 2018: Weighted Gross Net Average Life Carrying Accumulated Carrying . (In Years) Amount Amortization Amount Patents and unpatented technology 10 $ 8,000 $ (3,227 ) $ 4,773 Tradename and trademarks 25 7,000 (1,128 ) 5,872 Customer relationships 11 16,000 (5,915 ) 10,085 12 $ 31,000 $ (10,270 ) $ 20,730

Accrued Warranties (Tables)

Accrued Warranties (Tables)	6 Months Ended
	Jun. 30, 2019
Product Warranties Disclosures [Abstract]
Schedule of Changes in Product Warranties	The following table provides the changes in the Company’s product warranties: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Product warranty accrual balance, beginning of period $ 1,489 $ 1,666 $ 1,584 $ 1,869 Liabilities accrued for warranties during the period 390 247 644 487 Warranty claims paid during the period (474 ) (311 ) (854 ) (640 ) Changes in estimates - 52 31 (62 ) Product warranty accrual balance, end of period $ 1,405 $ 1,654 $ 1,405 $ 1,654

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Information Regarding Restricted Stock Units	The following table contains information regarding restricted stock units: June 30, 2019 Outstanding on December 31, 2018 77 Units granted during the period 100 Vested and issued, net of repurchase for income tax withholding (60 ) Outstanding on June 30, 2019 117

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost $ 66.8 $ 129.0
Schedule of Maturities for All Operating Lease Liabilities	Maturities for all operating lease liabilities are as follows: Total 2019 $ 148 2020 295 2021 281 2022 242 2023 164 2024 and thereafter 174 Total lease payments $ 1,304 Less: Interest (190 ) Present value of lease liabilities $ 1,114
Schedule of Weighted Average Remaining Lease Terms and Discount Rates for All Operating Lease	The weighted average remaining lease terms and discount rates for all operating lease were as follows as of June 30, 2019: Remaining lease term and discount rate: Weighted average remaining lease term (years) Leased facilities, equipment and vehicles 3.17 Weighted average discount rate Leased facilities, equipment and vehicles 5.11%
Schedule of Supplemental Cash Flow Information Related to Operating Leases	Supplemental cash flow information related to the Company’s operating leases was as follows: Three months ended June 30, 2019 Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 63 $ 122
Schedule of Lease Income	Lease income was as follows: Three months ended June 30, 2019 Six months ended June 30, 2019 Rental Income $ 0.01 $ 0.01

Business Description - Addition

Business Description - Additional Information (Details) - USD ($)	Jun. 30, 2019	Jun. 26, 2019	Dec. 31, 2018
Basis Of Presentation [Line Items]
Common stock, par value	$ 0.001		$ 0.001
Ms. How
Basis Of Presentation [Line Items]
Retention bonus		$ 75,000
Messrs. Rupar
Basis Of Presentation [Line Items]
Retention bonus		50,000
Messrs. Foster
Basis Of Presentation [Line Items]
Retention bonus		50,000
Yanmar
Basis Of Presentation [Line Items]
Merger termination fee		$ 2,650,000
Yanmar | Key Stockholder
Basis Of Presentation [Line Items]
Percentage of ownership in outstanding common stock		34.00%
Yanmar | Maximum
Basis Of Presentation [Line Items]
Payable for expenses incurred by Yanmar		$ 500,000
Receivable for expenses incurred by the Company		$ 500,000
Common Stock
Basis Of Presentation [Line Items]
Common stock, par value		$ 0.001
Merger transaction cash consideration transferred per share		$ 7.05

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Customer	Jun. 30, 2018USD ($)	Dec. 31, 2019	Dec. 31, 2018USD ($)
Summary Of Significant Accounting Policies [Line Items]
Allowances for doubtful accounts	$ 104,000		$ 104,000			$ 109,000
Practical expedient, incremental cost of obtaining contract			true
Income tax expense	0	$ 89,000		$ 8,000
Pre-tax income (loss)	(223,000)	$ 408,000	$ (960,000)	$ 20,000
Uncertain tax positions	$ 0		$ 0
Net Sales | Customer Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Net Sales | Customer Concentration Risk | Caterpillar Inc and CEG Distributions PTY Ltd
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	15.00%	26.00%	19.00%	25.00%
Accounts Receivable | Credit Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Maximum insurance policy limit of liability	$ 8,600,000		$ 8,600,000
Accounts Receivable | Credit Concentration Risk | Caterpillar Inc and CEG Distributions PTY Ltd
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	44.00%					71.00%
Number of major customers | Customer			2
Scenario, Forecast
Summary Of Significant Accounting Policies [Line Items]
Effective tax rate					18.90%
Minimum
Summary Of Significant Accounting Policies [Line Items]
Standard warranty period			12 months
Minimum | Domestic Sales
Summary Of Significant Accounting Policies [Line Items]
Payment terms to customer			0 days
Minimum | International Sales
Summary Of Significant Accounting Policies [Line Items]
Payment terms to customer			0 days
Maximum
Summary Of Significant Accounting Policies [Line Items]
Standard warranty period			18 months
Maximum | Domestic Sales
Summary Of Significant Accounting Policies [Line Items]
Payment terms to customer			60 days
Maximum | International Sales
Summary Of Significant Accounting Policies [Line Items]
Payment terms to customer			180 days

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Sales by Major Customer (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Concentration Risk [Line Items]
Amount	$ 36,018	$ 31,860	$ 63,356	$ 61,729
Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Percent of Total	100.00%	100.00%	100.00%	100.00%
Caterpillar
Concentration Risk [Line Items]
Amount	$ 3,631	$ 3,986	$ 8,296	$ 8,808
Caterpillar | Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Percent of Total	10.00%	13.00%	13.00%	14.00%
CEG Distributions PTY Ltd.
Concentration Risk [Line Items]
Amount	$ 1,778	$ 4,091	$ 3,614	$ 6,986
CEG Distributions PTY Ltd. | Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Percent of Total	5.00%	13.00%	6.00%	11.00%
Other
Concentration Risk [Line Items]
Amount	$ 30,609	$ 23,783	$ 51,446	$ 45,935
Other | Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Percent of Total	85.00%	74.00%	81.00%	75.00%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Concentration Risk [Line Items]
Amount	$ 36,018	$ 31,860	$ 63,356	$ 61,729
Geographic Concentration Risk | Net Sales
Concentration Risk [Line Items]
Percent of Total	100.00%	100.00%	100.00%	100.00%
United States
Concentration Risk [Line Items]
Amount	$ 28,764	$ 21,764	$ 51,714	$ 45,390
United States | Geographic Concentration Risk | Net Sales
Concentration Risk [Line Items]
Percent of Total	80.00%	68.00%	82.00%	74.00%
Australia
Concentration Risk [Line Items]
Amount	$ 2,702	$ 5,063	$ 5,335	$ 8,423
Australia | Geographic Concentration Risk | Net Sales
Concentration Risk [Line Items]
Percent of Total	8.00%	16.00%	8.00%	13.00%
Other
Concentration Risk [Line Items]
Amount	$ 4,552	$ 5,033	$ 6,307	$ 7,916
Other | Geographic Concentration Risk | Net Sales
Concentration Risk [Line Items]
Percent of Total	12.00%	16.00%	10.00%	13.00%

Inventory - Summary of Inventor

Inventory - Summary of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 21,229	$ 20,897
Work in process	36	36
Finished equipment and replacement parts	11,976	13,122
Inventory, Net	$ 33,241	$ 34,055

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets Net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Weighted Average Life (In Years)	12 years	12 years
Gross Carrying Amount	$ 31,000	$ 31,000
Accumulated Amortization	(11,543)	(10,270)
Net Carrying Amount	$ 19,457	$ 20,730
Patents and Unpatented Technology
Finite Lived Intangible Assets [Line Items]
Weighted Average Life (In Years)	10 years	10 years
Gross Carrying Amount	$ 8,000	$ 8,000
Accumulated Amortization	(3,627)	(3,227)
Net Carrying Amount	$ 4,373	$ 4,773
Tradename and Trademarks
Finite Lived Intangible Assets [Line Items]
Weighted Average Life (In Years)	25 years	25 years
Gross Carrying Amount	$ 7,000	$ 7,000
Accumulated Amortization	(1,268)	(1,128)
Net Carrying Amount	$ 5,732	$ 5,872
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Weighted Average Life (In Years)	11 years	11 years
Gross Carrying Amount	$ 16,000	$ 16,000
Accumulated Amortization	(6,648)	(5,915)
Net Carrying Amount	$ 9,352	$ 10,085

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of other intangible assets	$ 1,273	$ 1,273

Accrued Warranties - Schedule o

Accrued Warranties - Schedule of Changes in Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Changes in product warranties
Product warranty accrual balance, beginning of period	$ 1,489	$ 1,666	$ 1,584	$ 1,869
Liabilities accrued for warranties during the period	390	247	644	487
Warranty claims paid during the period	(474)	(311)	(854)	(640)
Changes in estimates		52	31	(62)
Product warranty accrual balance, end of period	$ 1,405	$ 1,654	$ 1,405	$ 1,654

Debt - Additional Information (

Debt - Additional Information (Details)	Dec. 27, 2021	Dec. 27, 2020	Sep. 30, 2020	Dec. 27, 2019	Mar. 28, 2019USD ($)	Dec. 27, 2017USD ($)Facility	Oct. 31, 2017USD ($)Loan	Mar. 31, 2018	Jun. 30, 2019USD ($)	Mar. 31, 2020
Line Of Credit Facility [Line Items]
Number of Loan Agreements | Loan							2
Amended and restated credit agreement, minimum fixed charge coverage ratio									120.00%
Term Loan C Facility | PNC
Line Of Credit Facility [Line Items]
Description on revolving loan facility									one, two, or three months
Amount drawn by company									$ 11,021,000
Weighted average interest rate									7.70%
Payments of debt issuance costs									$ 283,000
Net debt									10,738,000
Quarterly principal payment of loan									$ 500,000
Debt Instrument, frequency of periodic payment									quarterly
Payment commencing date									Jan. 1, 2018
Debt instrument maturity date									Dec. 27, 2022
Frequency of interest payments									monthly
Term Loan C Facility | PNC | Domestic Rate
Line Of Credit Facility [Line Items]
Interest rate under credit agreement									3.75%
Term Loan C Facility | PNC | LIBOR
Line Of Credit Facility [Line Items]
Interest rate under credit agreement									4.75%
3% Interest Loan Agreements with State Agencies
Line Of Credit Facility [Line Items]
Borrowing term option for funds borrowed under the LIBOR option							10 years
Debt instrument, face amount							$ 300,000
Debt instrument, interest rate							3.00%
No Interest Loan Agreements with State Agencies
Line Of Credit Facility [Line Items]
Borrowing term option for funds borrowed under the LIBOR option							75 months
Debt Instrument, frequency of periodic payment							monthly
Debt instrument, face amount							$ 125,000
Debt instrument, interest rate							0.00%
PNC | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Number of sub-facilities | Facility						2
Credit facility, maturity date						Dec. 27, 2022
Description on revolving loan facility									The maximum amount available is limited to (i) the sum of (a) up to 85% of Eligible Receivables, plus (b) 90% of Eligible Insured Foreign Receivables, plus (c) the lesser of (I) 95% of Eligible CAT Receivables, or $8,600 plus (ii) the lesser of (A) the sum of (I) up to 65% of the value of the Eligible Inventory (other than Eligible Inventory consisting of finished goods machines and service parts that are current), plus (II) 80% of the value of Eligible inventory consisting of finished goods machines, plus (III) 75% of the value of Eligible Inventory consisting of service parts that are current) or, (B) up to 90% of the appraised net orderly liquidation value of Eligible Inventory.
Percentage of eligible insured foreign receivables						90.00%
Eligible CAT receivables amount						$ 8,600,000
Borrowing base percentage on eligible inventory consisting of finished goods machines						80.00%
Borrowing base percentage on eligible inventory consisting of current service parts						75.00%
Line of credit facility, inventory collateral description									Inventory collateral is capped at $18,000 less outstanding letters of credit and any reasonable reserves as established by the bank.
Inventory collateral, gross value						$ 18,000,000
Credit facility, available borrowing capacity									$ 21,789,000
Amount drawn by company									$ 18,315,000
Line of credit facility interest rate description									The domestic rate spread is initially fixed at 1.00% for revolving loan advances until delivery of certain reporting documents with respect to fiscal quarter ending March 31, 2018, at which point it ranges from 1.00% to 1.5% depending on the Average Undrawn Availability (as defined in the Amended and Restated Credit Agreement). The LIBOR spread is initially fixed at 2.00% for revolving loan advances until delivery of the same reporting documents, at which point it ranges from 2.00% to 2.5% depending on the Average Undrawn Availability.
Weighted average interest rate									5.20%
Unused line fee									0.25%
PNC | Revolving Credit Facility | Domestic Rate
Line Of Credit Facility [Line Items]
Interest rate under credit agreement								1.00%
PNC | Revolving Credit Facility | LIBOR
Line Of Credit Facility [Line Items]
Interest rate under credit agreement									2.00%
PNC | Revolving Credit Facility | One Month LIBOR
Line Of Credit Facility [Line Items]
Borrowing term option for funds borrowed under the LIBOR option									1 month
PNC | Revolving Credit Facility | Two Month LIBOR
Line Of Credit Facility [Line Items]
Borrowing term option for funds borrowed under the LIBOR option									2 months
PNC | Revolving Credit Facility | Three Month LIBOR
Line Of Credit Facility [Line Items]
Borrowing term option for funds borrowed under the LIBOR option									3 months
PNC | Letter of Credit Sub-Facility | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity						2,000,000
PNC | Swing Loan Sub-Facility | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity						3,500,000
PNC | Term Loan C Facility
Line Of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity						$ 15,000,000
Minimum | PNC | Revolving Credit Facility | Domestic Rate
Line Of Credit Facility [Line Items]
Interest rate under credit agreement								1.00%
Minimum | PNC | Revolving Credit Facility | LIBOR
Line Of Credit Facility [Line Items]
Interest rate under credit agreement									2.00%
Maximum
Line Of Credit Facility [Line Items]
Amended and restated credit agreement, capital expenditure in any fiscal year									$ 2,000,000
Maximum | PNC | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Percentage of eligible receivables						85.00%
Percentage of eligible CAT receivables						95.00%
Borrowing Base percentage on eligible inventory other than finished goods machines and service parts						65.00%
Percentage of net orderly liquidation value of eligible inventory						90.00%
Maximum | PNC | Revolving Credit Facility | Domestic Rate
Line Of Credit Facility [Line Items]
Interest rate under credit agreement								1.50%
Maximum | PNC | Revolving Credit Facility | LIBOR
Line Of Credit Facility [Line Items]
Interest rate under credit agreement									2.50%
Second Amendment
Line Of Credit Facility [Line Items]
Debt instrument, covenant, inventory sub-limit					$ 18,000,000
Second Amendment | Minimum
Line Of Credit Facility [Line Items]
Amended and restated credit agreement, leverage ratio					275.00%
Scenario, Forecast | Term Loan C Facility | PNC
Line Of Credit Facility [Line Items]
Prepayment penalty percent	0.00%	1.00%		2.00%
Scenario, Forecast | Second Amendment
Line Of Credit Facility [Line Items]
Amended and restated credit agreement, increase in basis points										0.50%
Scenario, Forecast | Second Amendment | Minimum
Line Of Credit Facility [Line Items]
Amended and restated credit agreement, leverage ratio			225.00%
If Company attain and maintain agreed upon employment levels on fifth anniversary date of loan | 3% Interest Loan Agreements with State Agencies
Line Of Credit Facility [Line Items]
Debt instrument amount of indebtedness forgiven							$ 150,000
If Company attain and maintain agreed upon employment levels at tenth anniversary of loan | 3% Interest Loan Agreements with State Agencies
Line Of Credit Facility [Line Items]
Debt instrument amount of indebtedness forgiven							150,000
If Company not attain or maintain the agreed upon levels of employment | 3% Interest Loan Agreements with State Agencies
Line Of Credit Facility [Line Items]
Debt instrument amount of indebtedness forgiven							150,000
ASV attain and maintain job creation goals and wage level commitments | No Interest Loan Agreements with State Agencies
Line Of Credit Facility [Line Items]
Debt instrument amount of indebtedness forgiven							$ 50,000

Equity - Additional Information

Equity - Additional Information (Details) - USD ($) $ in Thousands	Mar. 11, 2019	Jan. 10, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	May 11, 2017
Restricted Stock Units
Class Of Stock [Line Items]
Restricted stock units awarded					100,000
Compensation expense			$ 129	$ 102	$ 265	$ 251
Unrecognized compensation expense recognized in remainder of 2019			182		182
Unrecognized compensation expense recognized in 2020			238		238
Unrecognized compensation expense recognized in 2021			$ 62		$ 62
2017 Plan | Restricted Stock Units | Directors and Employees
Class Of Stock [Line Items]
Restricted stock units awarded	100,000
2017 Plan | Restricted Stock Units | Employees
Class Of Stock [Line Items]
Restricted stock units awarded	1,000	60,000
2017 Plan | Restricted Stock Units | Employees | Vesting in 2020
Class Of Stock [Line Items]
Restricted stock units vesting		20,000
2017 Plan | Restricted Stock Units | Employees | Vesting in 2021
Class Of Stock [Line Items]
Restricted stock units vesting		20,000
2017 Plan | Restricted Stock Units | Employees | Vesting in 2022
Class Of Stock [Line Items]
Restricted stock units vesting		20,000
2017 Plan | Restricted Stock Units | Directors
Class Of Stock [Line Items]
Restricted stock units awarded	39,000
2017 Plan | Maximum
Class Of Stock [Line Items]
Maximum number of shares of common stock reserved for issuance under plan							1,250,000

Equity - Schedule of Informatio

Equity - Schedule of Information Regarding Restricted Stock Units (Details) - Restricted Stock Units shares in Thousands	6 Months Ended
	Jun. 30, 2019shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding on December 31, 2018	77
Units granted during the period	100
Vested and issued, net of repurchase for income tax withholding	(60)
Outstanding on June 30, 2019	117

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Lessee Lease Description [Line Items]
Operating lease, existence of option to extend	true
Aggregate residual value guarantee	$ 81
Term of lease agreement	3 years
Minimum
Lessee Lease Description [Line Items]
Remaining lease terms	1 year
Maximum
Lessee Lease Description [Line Items]
Remaining lease terms	16 years
Lease extension term	6 years

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 66,800	$ 129,000

Leases - Schedule of Maturities

Leases - Schedule of Maturities for All Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019	$ 148
2020	295
2021	281
2022	242
2023	164
2024 and thereafter	174
Total lease payments	1,304
Less: Interest	(190)
Present value of lease liabilities	$ 1,114

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Terms and Discount Rates for All Operating Lease (Details) - Leased Facilties, Equipment and Vehicles	Jun. 30, 2019
Lessee Lease Description [Line Items]
Weighted average remaining lease term (years)	3 years 2 months 1 day
Weighted average discount rate	5.11%

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflow from operating leases	$ 63	$ 122

Leases - Schedule of Lease Inco

Leases - Schedule of Lease Income (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Rental Income	$ 10	$ 10

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Payables to affiliates	$ 0		$ 0
Terex
Related Party Transaction [Line Items]
Sales to related party	21	$ 28	48	$ 59
Receivables from affiliates	17		17		$ 5
Payables to affiliates					480
Terex | Shared Freight Services
Related Party Transaction [Line Items]
Purchases from related party	222	1,802	1,764	3,984
Manitex
Related Party Transaction [Line Items]
Sales to related party	9	$ 0	10	0
Receivables from affiliates	$ 8		$ 8		$ 2
Terex Cross Marketing Agreement
Related Party Transaction [Line Items]
Service expense				319
Terex Services Agreement
Related Party Transaction [Line Items]
Service expense				$ 175

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
Lessee Lease Description [Line Items]
Operating lease, right-of-use assets	$ 1,054
Operating lease, liabilities	$ 1,114
ASU 2016-02
Lessee Lease Description [Line Items]
Operating lease, right-of-use assets		$ 1,000
Operating lease, liabilities		$ 1,000