The Shyft Group, Inc. (SHYF) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document Information [Line Items]
Entity Registrant Name	SPARTAN MOTORS INC
Entity Central Index Key	0000743238
Trading Symbol	spar
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		34,728,121
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common stock, $.01 par value

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 15,019	$ 27,439
Accounts receivable, less allowance of $384 and $133	112,455	106,801
Contract assets	49,043	36,027
Inventories	87,936	69,992
Other receivables – chassis pool agreements	16,975
Other current assets	6,247	5,070
Total current assets	287,675	245,329
Property, plant and equipment, net	62,189	56,567
Right of use assets-operating leases	37,110
Goodwill	60,333	33,823
Intangible assets, net	55,149	8,611
Other assets	2,693	2,313
Net deferred tax asset	7,463	7,141
TOTAL ASSETS	512,612	353,784
Current liabilities:
Accounts payable	83,723	76,399
Accrued warranty	18,084	16,090
Accrued compensation and related taxes	17,362	10,520
Deposits from customers	11,369	22,632
Operating lease liability	5,133
Other current liabilities and accrued expenses	14,849	12,396
Short-term debt – chassis pool agreements	16,975
Current portion of long-term debt	0	60
Total current liabilities	167,495	138,097
Other non-current liabilities	4,376	4,058
Long-term operating lease liability	32,171
Long-term debt, less current portion	108,944	25,547
Total liabilities	312,986	167,702
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value: 2,000 shares authorized (none issued)
Common stock, $0.01 par value; 80,000 shares authorized; 35,333 and 35,321 outstanding	353	353
Additional paid in capital	83,565	82,816
Retained earnings	116,380	103,571
Total Spartan Motors, Inc. shareholders’ equity	200,298	186,740
Non-controlling interest	(672)	(658)
Total shareholders’ equity	199,626	186,082
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 512,612	$ 353,784

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts receivable, allowance	$ 384	$ 133
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized (in shares)	2,000	2,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	80,000	80,000
Common stock, outstanding (in shares)	35,333	35,321

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Sales	$ 288,951	$ 226,183	$ 770,850	$ 583,203
Cost of products sold	246,769	199,965	677,216	508,457
Restructuring charges	6	25	60	25
Gross profit	42,176	26,193	93,574	74,721
Operating expenses:
Research and development	1,869	2,117	6,507	5,323
Selling, general and administrative	26,673	17,251	68,198	54,163
Restructuring charges	131	476	259	1,292
Total operating expenses	28,673	19,844	74,964	60,778
Operating income	13,503	6,349	18,610	13,943
Other income (expense):
Interest expense	(144)	(225)	(831)	(817)
Interest and other income	480	156	1,963	2,581
Total other income (expense)	336	(69)	1,132	1,764
Income before taxes	13,839	6,280	19,742	15,707
Taxes	3,424	1,037	4,499	2,527
Net income	10,415	5,243	15,243	13,180
Less: net income (loss) attributable to non-controlling interest	61		(14)
Net income attributable to Spartan Motors Inc.	$ 10,354	$ 5,243	$ 15,257	$ 13,180
Basic net earnings per share (in dollars per share)	$ 0.29	$ 0.15	$ 0.43	$ 0.37
Diluted net earnings per share (in dollars per share)	$ 0.29	$ 0.15	$ 0.43	$ 0.37
Basic weighted average common shares outstanding (in shares)	35,317	35,182	35,311	35,179
Diluted weighted average common shares outstanding (in shares)	35,463	35,182	35,355	35,179

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 15,243	$ 13,180
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	7,731	7,638
Gain on disposal of assets	(2)
Accruals for warranty	10,173	6,068
Expense from changes in fair value of contingent consideration		(693)
Deferred income taxes	(594)	688
Expense on right of use assets	251
Stock based compensation related to stock awards	3,767	3,054
(Increase) decrease in operating assets:
Accounts receivable	(9)	(26,799)
Contract assets	(11,518)	(13,017)
Inventories	(10,934)	(31,000)
Other assets	(1,177)	(403)
Increase (decrease) in operating liabilities:
Accounts payable	4,393	51,955
Cash paid for warranty repairs	(8,277)	(8,093)
Accrued compensation and related taxes	6,211	(4,028)
Deposits from customers	(11,517)	(3,113)
Other current liabilities and accrued expenses	2,147	955
Other long-term liabilities	406	(259)
Other	(842)
Taxes on income	781	(2,080)
Total adjustments	(9,010)	(19,127)
Net cash provided by (used in) operating activities	6,233	(5,947)
Cash flows from (used in) investing activities:
Purchases of property, plant and equipment	(7,515)	(7,395)
Proceeds from sale of property, plant and equipment	15
Acquisition of business, net of cash acquired	(89,650)
Net cash used in investing activities	(97,150)	(7,395)
Cash flows from (used in) financing activities:
Proceeds from long-term debt	92,000	684
Payments on long-term debt	(10,102)	(50)
Payment of contingent consideration on acquisitions		(701)
Payment of dividends	(1,777)	(1,759)
Purchase and retirement of common stock	(793)
Net cash used in the exercise, vesting or cancellation of stock incentive awards	(832)	(2,688)
Net cash provided by (used in) financing activities	78,496	(4,514)
Net decrease in cash and cash equivalents	(12,420)	(17,856)
Cash and cash equivalents at beginning of period	27,439	33,523
Cash and cash equivalents at end of period	$ 15,019	$ 15,667

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2017	35,097
Balance at Dec. 31, 2017	$ 351	$ 79,721	$ 88,855	$ (658)	$ 168,269
Issuance of common stock and the tax impact of stock incentive plan transactions (in shares)	3
Issuance of common stock and the tax impact of stock incentive plan transactions		(2,493)			(2,493)
Issuance of restricted stock, net of cancellation (in shares)	191
Issuance of restricted stock, net of cancellation	$ 2	(2)
Stock based compensation expense related to restricted stock		819			819
Transition adjustment for adoption of new lease standard | Accounting Standards Update 2014-09 [Member]			3,668		3,668
Net income			4,194		4,194
Balance (in shares) at Mar. 31, 2018	35,291
Balance at Mar. 31, 2018	$ 353	78,045	96,717	(658)	174,457
Balance (in shares) at Dec. 31, 2017	35,097
Balance at Dec. 31, 2017	$ 351	79,721	88,855	(658)	168,269
Net income					13,180
Balance (in shares) at Sep. 30, 2018	35,170
Balance at Sep. 30, 2018	$ 352	80,086	103,944	(658)	183,724
Balance (in shares) at Mar. 31, 2018	35,291
Balance at Mar. 31, 2018	$ 353	78,045	96,717	(658)	174,457
Issuance of common stock and the tax impact of stock incentive plan transactions (in shares)	2
Issuance of common stock and the tax impact of stock incentive plan transactions		(177)			(177)
Issuance of restricted stock, net of cancellation (in shares)	(99)
Issuance of restricted stock, net of cancellation	$ (1)	1
Stock based compensation expense related to restricted stock		1,370			1,370
Net income			3,743		3,743
Dividends declared ($0.05 per share)			(1,759)		(1,759)
Balance (in shares) at Jun. 30, 2018	35,194
Balance at Jun. 30, 2018	$ 352	79,239	98,701	(658)	177,634
Issuance of common stock and the tax impact of stock incentive plan transactions (in shares)	4
Issuance of common stock and the tax impact of stock incentive plan transactions		(18)			(18)
Issuance of restricted stock, net of cancellation (in shares)	(28)
Issuance of restricted stock, net of cancellation
Stock based compensation expense related to restricted stock		865			865
Net income			5,243		5,243
Balance (in shares) at Sep. 30, 2018	35,170
Balance at Sep. 30, 2018	$ 352	80,086	103,944	(658)	183,724
Balance (in shares) at Dec. 31, 2018	35,321
Balance at Dec. 31, 2018	$ 353	82,816	103,571	(658)	186,082
Issuance of common stock and the tax impact of stock incentive plan transactions (in shares)	9
Issuance of common stock and the tax impact of stock incentive plan transactions		(922)			(922)
Issuance of restricted stock, net of cancellation (in shares)	121
Issuance of restricted stock, net of cancellation	$ 1	(1)
Purchase and retirement of common stock (in shares)	(101)
Purchase and retirement of common stock	$ (1)	(236)	(556)		(793)
Stock based compensation expense related to restricted stock		860			860
Transition adjustment for adoption of new lease standard | Accounting Standards Update 2016-02 [Member]			(113)		(113)
Net income			1,397	140	1,537
Balance (in shares) at Mar. 31, 2019	35,350
Balance at Mar. 31, 2019	$ 353	82,517	104,299	(518)	186,651
Balance (in shares) at Dec. 31, 2018	35,321
Balance at Dec. 31, 2018	$ 353	82,816	103,571	(658)	186,082
Net income					15,243
Balance (in shares) at Sep. 30, 2019	35,333
Balance at Sep. 30, 2019	$ 353	83,565	116,380	(672)	199,626
Balance (in shares) at Mar. 31, 2019	35,350
Balance at Mar. 31, 2019	$ 353	82,517	104,299	(518)	186,651
Issuance of common stock and the tax impact of stock incentive plan transactions (in shares)	8
Issuance of common stock and the tax impact of stock incentive plan transactions		28			28
Issuance of restricted stock, net of cancellation (in shares)	(42)
Issuance of restricted stock, net of cancellation
Stock based compensation expense related to restricted stock	2	1,341			1,343
Net income			3,504	(215)	3,289
Issuance of common stock related to investment in subsidiary (in shares)	(247)
Issuance of common stock related to investment in subsidiary	$ (2)	(1,946)			(1,948)
Dividends declared ($0.05 per share)			(1,777)		(1,777)
Stock based compensation expense related to restricted stock (in shares)	247
Balance (in shares) at Jun. 30, 2019	35,316
Balance at Jun. 30, 2019	$ 353	81,940	106,026	(733)	187,586
Issuance of common stock and the tax impact of stock incentive plan transactions (in shares)	6
Issuance of common stock and the tax impact of stock incentive plan transactions		62			62
Issuance of restricted stock, net of cancellation (in shares)	11
Issuance of restricted stock, net of cancellation
Stock based compensation expense related to restricted stock		1,563			1,563
Net income			10,354	61	10,415
Balance (in shares) at Sep. 30, 2019	35,333
Balance at Sep. 30, 2019	$ 353	$ 83,565	$ 116,380	$ (672)	$ 199,626

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Dividends declared (in dollars per share)	$ 0.05	$ 0.05

Note 1 - General and Summary of

Note 1 - General and Summary of Accounting Policies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE 1 For a description of key accounting policies followed, refer to the notes to the Spartan Motors, Inc. (the “Company”, “we”, “our” or “us”) consolidated financial statements for the year ended December 31, 2018, 10 March 5, 2019. Adoption of Lease Accounting Policy first 2019. We are a niche market leader in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific up-fit segments), emergency response and recreational vehicle industries. Our products include walk-in vans and truck bodies used in e-commerce/parcel delivery, up-fit equipment used in the mobile retail, and utility trades, fire trucks and fire truck chassis, luxury Class A diesel motor home chassis, military vehicles, and contract manufacturing and assembly services. We also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that we manufacture. Our operating activities are conducted through our wholly-owned operating subsidiary, Spartan Motors USA, Inc. (“Spartan USA”), with locations in Charlotte, Michigan; Brandon, South Dakota; Snyder and Neligh, Nebraska; Ephrata, Pennsylvania; Pompano Beach, Florida; Bristol, Indiana; North Charleston, South Carolina; Kansas City, Missouri; Montebello, Carson, Roseville and Union City, California; Mesa, Arizona; Dallas and Weatherford, Texas; and Saltillo, Mexico. On September 9, 2019, On June 12, 2019, On December 17, 2018, Our Bristol, Indiana location manufactures vehicles used in the parcel delivery, mobile retail and trades and construction industries, and supplies related aftermarket parts and services under the Utilimaster brand name. Our Kansas City, Missouri; Pompano Beach, Florida; North Charleston, South Carolina; Montebello California; and Saltillo, Mexico locations sell and install equipment used in commercial and fleet vehicles. Our Brandon, South Dakota; Snyder and Neligh, Nebraska; and Ephrata, Pennsylvania locations manufacture emergency response vehicles under the Spartan, Smeal, US Tanker and Ladder Tower Company brand names. Our Charlotte, Michigan location manufactures heavy-duty chassis and vehicles, and supplies aftermarket parts and accessories under the Spartan Chassis and Spartan brand names. Our Carson, Roseville and Union City, California; Mesa, Arizona; and Dallas and Weatherford, Texas locations manufacture service truck bodies and accessories under the Royal Truck Body brand name. Spartan USA was also a participant in Spartan-Gimaex Innovations, LLC (“Spartan-Gimaex”), a 50/50 February 2015, June 2015, February 2017, no 10 The accompanying unaudited interim condensed consolidated financial statements reflect all normal and recurring adjustments that are necessary for the fair presentation of our financial position as of September 30, 2019, three nine September 30, 2019. 10 December 31, 2018. The results of operations for the three nine September 30, 2019 not We are required to disclose the fair value of our financial instruments in accordance with Financial Accounting Standards Board (“FASB”) Codification relating to “Disclosures about Fair Values of Financial Instruments.” The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and our variable rate debt instruments approximate their fair value at September 30, 2019 December 31, 2018. New Accounting Standards In June 2016, 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments 2016 13” 2016 13 December 15, 2019 2016 13 not In February 2016, No. 2016 02, Leases 2016 02” 12 December 15, 2018, 2016 02 January 1, 2019 Adoption of Lease Accounting Policy 7 Leases 2016 02 Except for the changes below, we have consistently applied the accounting policies to all periods presented in these condensed consolidated financial statements. Adoption of Lease Accounting Policy We applied ASU 2016 02 842” January 1, 2019. not not January 1, 2019 $13,582 $675 $13,716 $696. $113, $42 not We determine if an arrangement is a lease at inception. Operating leases are included in ROU assets - operating leases, Operating lease liability, and Long-term operating lease liability on our Condensed Consolidated Balance Sheets. Finance leases are included in Other assets, Other current liabilities and accrued expenses and Other non-current liabilities on our Condensed Consolidated Balance Sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not We do not 12 We have lease agreements with lease and non-lease components, which are accounted for separately for leases related to real property. For leases related to personal property we account for lease and non-lease components associated with a lease as a single lease component. Revenue Recognition Accounting Policy Essentially all of our revenue is generated through contracts with our customers. We may not may one not not one We have elected to utilize the practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred because the amortization period for the prepaid costs that would have otherwise been deferred and amortized is one not Note 8 - Commitments and Contingent Liabilities not Revenue for parts sales for all segments is recognized at the time that control and risk of ownership has passed to the customer, which is generally when the ordered part is shipped to the customer. Historical return rates on parts sales have been immaterial. Accordingly, no For certain of our vehicles and chassis, we sell separately priced service contracts that provide roadside assistance or extend certain warranty coverage beyond our base warranty agreements. These separately priced contracts range from 1 6 Distinct revenue recognition policies for our segments are as follows: Fleet Vehicles and Services Our walk-in vans and truck bodies are generally built on a chassis that is owned and controlled by the customer. Due to the customer ownership of the chassis, the performance obligation for these walk-in vans and truck bodies is satisfied as the vehicles are built. Accordingly, the revenue and corresponding cost of products sold associated with these contracts are recognized over time based on the inputs completed for a given performance obligation during the reporting period. Certain contracts will specify that a walk-in van or truck body is to be built on a chassis that we purchase and subsequently sell to the customer. The revenue on these contracts is recognized at the time that the performance obligation is satisfied and control and risk of ownership has passed to the customer, which is generally upon shipment of the vehicle from our manufacturing facility to the customer or receipt of the vehicle by the customer, depending on contract terms. We have elected to treat shipping and handling costs subsequent to transfer of control as fulfillment activities and, accordingly, recognize these costs as the revenue is recognized. Revenue for up-fit and field service contracts is recognized over time, as equipment is installed in the customer’s vehicle or as repairs and enhancements are made to the customer’s vehicles. Revenue and the corresponding cost of products sold is estimated based on the inputs completed for a given performance obligation. Our performance obligation for up-fit and field service contracts is satisfied when the equipment installation or repairs and enhancements of the customer’s vehicle has been completed. Our receivables will generally be collected in less than three Emergency Response Vehicles Our emergency response chassis and apparatuses are generally manufactured to order based on customer-supplied specifications. Due to the custom nature of the products and the attributes of the contracts, we do not six Revenue on certain emergency response chassis and apparatuses that are sold from stock or utilized as demonstration units is recognized at the point in time that the contract is received. Revenue related to modifications made to trucks sold from stock or that were utilized as demonstration units is recognized over time as the modifications are completed. Our receivables will generally be collected in less than three Specialty Chassis and Vehicles We recognize revenue and the corresponding cost of products sold on the sale of motor home chassis when the performance obligation is completed and control and risk of ownership of the chassis has passed to our customer, which is generally upon shipment of the chassis to the customer. Revenue and the corresponding cost of products sold associated with other specialty chassis is recognized over time based on the inputs completed for a given performance obligation during the reporting period. Other specialty chassis are generally built on a chassis that is owned and controlled by the customer. Due to the customer ownership of the chassis, the performance obligations for other specialty chassis contracts are satisfied as the products are assembled. Our receivables will generally be collected in less than three

Note 2 - Acquisition Activities

Note 2 - Acquisition Activities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 2 2019 On September 9, 2019, $90,081 $90,081 $175,000 August 8, 2018. September 9, 2019 $3,871 $801 September 30, 2019. Royal is a leading California-based designer, manufacturer and installer of service truck bodies and accessories. Royal manufactures and assembles truck body options for various trades, service truck bodies, stake body trucks, contractor trucks, and dump bed trucks. Royal is the largest service body company in the western United States with their principal facility in Carson, California. Royal has additional manufacturing, assembly, and service space in branch locations in Union City and Roseville, California; Mesa, Arizona; and Dallas and Weatherford, Texas. This acquisition allows us to quickly expand our footprint in the western United States supporting our strategy of coast-to-coast manufacturing and distribution. Royal is part of our Specialty Chassis & Vehicle segment. During the third 2019, $982 11, Business Segments Purchase Price Allocation This acquisition was accounted for using the acquisition method of accounting with the purchase price allocated to the assets purchased and liabilities assumed based upon their estimated fair values at the date of acquisition. Identifiable intangible assets include customer relationships, trade names & trademarks, patented technology and non-competition agreements. The preliminary excess of the purchase price over the estimated fair values of the net tangible and intangible assets acquired of $28,188 The fair value of the net assets acquired was based on a preliminary valuation and the estimates and assumptions are subject to change within the measurement period. The Company is continuing to evaluate the (i) inventory, (ii) intangible assets, (iii) deferred taxes and liabilities, and (iv) income tax and non-income tax accruals. The Company will finalize the purchase price allocation as soon as practicable within the measurement period, but in no one The preliminary allocation of purchase price to assets acquired and liabilities assumed is as follows: Cash and cash equivalents $ 431 Accounts receivable, less allowance 5,019 Contract assets 1,499 Inventory 6,453 Other receivables – chassis pool agreements 10,424 Property, plant and equipment, net 4,980 Right of use assets-operating leases 12,767 Intangible assets, net 47,150 Goodwill 28,188 Total assets acquired 116,911 Accounts payable (1,658 ) Customer prepayments (255 ) Accrued warranty (98 ) Operating lease liabilities (1,693 ) Accrued compensation and related taxes (569 ) Other current liabilities and accrued expenses (30 ) Short-term debt – chassis pool agreements (10,424 ) Long-term operating lease liability (11,074 ) Long-term debt, less current portion (1,029 ) Total liabilities assumed (26,830 ) Total purchase price $ 90,081 Goodwill Assigned Intangible assets totaling $47,150 Amount Useful Life (in years) Customer relationships $ 30,000 15 Trade names & Trademarks 13,000 Indefinite Patented Technology 2,200 8 Non-Competition Agreements 1,950 5 $ 47,150 The Company plans to amortize the customer relationships utilizing an accelerated approach and plans to amortize patented technology and non-competition agreements assets utilizing a straight-line approach. Amortization expense, including the intangible assets preliminarily recorded from the Royal acquisition, is estimated to be $666, $2,665, $2,665, $3,162, $3,072 2019 2023, Goodwill consists of operational synergies that are expected to be realized in both the short and long-term and the opportunity to enter into new markets which will enable us to increase value to our customers and shareholders. Key areas of expected cost savings include an expanded dealer network, complementary product portfolios and manufacturing and supply chain work process improvements. Pro Forma Results (Unaudited) The following table provides unaudited pro forma net sales and results of operations for the three nine September 30, 2019 2018. not not Three Months Ended September 30, Pro forma results of operations 2019 2018 Net sales $ 301,699 $ 237,083 Net income $ 10,476 $ 5,453 Diluted net earnings per share $ 0.30 $ 0.15 Nine Months Ended September 30, Pro forma results of operations 2019 2018 Net sales $ 807,660 $ 615,099 Net income $ 16,862 $ 13,640 Diluted net earnings per share $ 0.48 $ 0.39 The information presented above is for informational purposes only and is not 2018 On December 17, 2018, Purchase Price Allocation The total purchase price paid for our acquisition of SRUS was $8,032, $5,200 $2,832 This acquisition was accounted for using the acquisition method of accounting, which requires the purchase price to be allocated to the assets purchased and liabilities assumed based upon their estimated fair values at the date of acquisition. The excess of the estimated purchase price over the preliminary estimated fair values of the net tangible and intangible assets acquired of $4,728 third 2019, $272 The fair value of the net assets acquired was based on a preliminary valuation and the estimates and assumptions are subject to change within the measurement period. The Company is continuing to evaluate the (i) inventory, (ii) intangible assets, (iii) deferred taxes and liabilities, (iv) income tax and non-income tax accruals and (v) the contingent consideration. The Company will finalize the purchase price allocation as soon as practicable within the measurement period, but in no one The allocation of purchase price to assets acquired and liabilities assumed was as follows: Accounts receivable $ 1,165 Inventory 893 Other current assets 3 Property, plant and equipment 1,942 Goodwill 4,728 Other Assets (272 ) Total assets acquired 8,459 Accounts payable 382 Other current liabilities 45 Total liabilities assumed 427 Total purchase price $ 8,032 Contingent Consideration Pursuant to the purchase agreement, the former owners of the SRUS business may 2021 $3,250. 2019 2021 $2,832 4.7%. The change in the carrying amount of goodwill for the nine September 30, 2019 2018 2019 2018 Balance as of January 1 $ 33,823 $ 27,417 Acquisition and measurement period adjustment of Strobes-R-Us (1,678 ) 6,406 Acquisition of Royal 28,188 - Balance as of September 30 $ 60,333 $ 33,823

Note 3 - Inventories

Note 3 - Inventories	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3 – INVENTORIES Inventories are summarized as follows: September 30, December 31, Finished goods $ 14,895 $ 14,696 Work in process 10,072 5,926 Raw materials and purchased components 68,990 52,474 Reserve for slow-moving inventory (6,021 ) (3,104 ) Total inventory $ 87,936 $ 69,992 We also have a number of demonstration units as part of our sales and training program. These demonstration units are included in the “Finished goods” line item above and amounted to $9,977 $8,807 September 30, 2019 December 31, 2018.

Note 4 - Debt

Note 4 - Debt	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 4 - DEBT Short-term debt consists of the following: September 30, December 31, Chassis pool agreements $ 16,975 $ - Total short-term debt $ 16,975 $ - Chassis Pool Agreements The Company obtains certain vehicle chassis for its walk-in vans, truck bodies and specialty vehicles directly from the chassis manufacturers under converter pool agreements. Chassis are obtained from the manufacturers based on orders from customers, and in some cases, for unallocated orders. The agreements generally state that the manufacturer will provide a supply of chassis to be maintained at the Company’s facilities with the condition that we will store such chassis and will not not not September 30, 2019, $16,975 Other receivables – chassis pool agreements and Short-term debt – chassis pool agreements 90 Long-term debt consists of the following: September 30 , 201 9 December 31, 201 8 Line of credit revolver (1) $ 107,461 $ 25,460 Capital lease obligations - 147 Finance lease obligation 667 - Other 1,029 - Total debt 109,157 25,607 Less current portion of long-term debt (213 ) (60 ) Total long-term debt $ 108,944 $ 25,547 ( 1 August 8, 2018, may $150,000 $175,000 five August 8, 2023. may $75,000 $50,000 $20,000 $15,000 $30,000 0.5%, one 1.0%; 3.3125% one 1.25% September 30, 2019. On September 9, 2019, $25,000, $25,000, $5,000 may $175,000 may $50,000 $20,000 $20,000 $30,000 On September 25, 2019, $10,000. may $175,000 may $50,000 $20,000 $30,000, On December 1, 2017, $100,000 three August 8, 2018. 0.5%, one 1.00%; Under the terms of our Credit Agreement we are required to maintain certain financial ratios and other financial covenants, which limited our available borrowings (exclusive of outstanding borrowings) under our line of credit to a total of approximately $41,219 $86,410 September 30, 2019 December 31, 2018, September 30, 2019 December 31, 2018,

Note 5 - Revenue

Note 5 - Revenue	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 5 – REVENUE Contract assets and liabilities The tables below disclose changes in contract assets and liabilities as of the periods indicated. Contract assets Opening balance (January 1, 2019) $ 36,027 Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional (36,027 ) Contract assets recognized, net of reclassification to receivables 49,043 Net change 13,016 Ending balance (September 30, 2019) $ 49,043 Contract liabilities Opening balance (January 1, 2019) $ 22,632 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (21,572 ) Cash received in advance and not recognized as revenue 10,309 Net change (11,263 ) Ending balance (September 30, 2019) $ 11,369 The aggregate amount of the transaction price allocated to remaining performance obligations in existing contracts that are yet to be completed are expected to be recognized as revenue in the following annual time-periods: 1-12 Months (1) 13 Months and beyond (1) Total Revenue expected to be recognized as of September 30, 2019: Fleet Vehicles and Services $ 223,753 $ - $ 223,753 Emergency Response Vehicles 194,369 1,623 195,992 Specialty Chassis and Vehicles 39,981 18 39,999 Total $ 458,103 $ 1,641 $ 459,744 ( 1 Revenue above includes amounts related to extended warranties and roadside assistance contracts of $245 $34 one 12 $608 $18 13 For performance obligations that are satisfied over time, revenue is expected to be recognized evenly over the time period to complete the contract due to the assembly line nature of the business operations. For performance obligations that are satisfied at a point in time, revenue is expected to be recognized when the customer obtains control of the product, which is generally upon shipment from our facility. No In the following tables, revenue is disaggregated by primary geographical market and timing of revenue recognition for the three nine September 30, 2019. Three Months Ended September 30, 2019 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 176,689 $ 55,226 $ 45,079 $ 276,994 $ - $ 276,994 Other 2,905 9,015 37 11,957 - 11,957 Total sales $ 179,594 $ 64,241 $ 45,116 $ 288,951 $ - $ 288,951 Timing of revenue recognition Products transferred at a point in time $ 41,830 $ 3,367 $ 35,831 $ 81,028 $ - $ 81,028 Products and services transferred over time 137,764 60,874 9,285 207,923 - 207,923 Total sales $ 179,594 $ 64,241 $ 45,116 $ 288,951 $ - $ 288,951 Three Months Ended September 30, 2018 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 106,531 $ 49,861 $ 51,626 $ 208,018 $ (4,188 ) $ 203,830 Other 11,902 10,402 49 22,353 - 22,353 Total sales $ 118,433 $ 60,263 $ 51,675 $ 230,371 $ (4,188 ) $ 226,183 Timing of revenue recognition Products transferred at a point in time $ 38,153 $ 5,795 $ 42,034 $ 85,982 $ - $ 85,982 Products and services transferred over time 80,280 54,468 9,641 144,389 (4,188 ) 140,201 Total sales $ 118,433 $ 60,263 $ 51,675 $ 230,371 $ (4,188 ) $ 226,183 Nine Months Ended September 30, 2019 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 426,984 $ 170,781 $ 138,417 $ 736,182 $ (5,271 ) $ 730,911 Other 16,361 23,479 99 39,939 - 39,939 Total sales $ 443,345 $ 194,260 $ 138,516 $ 776,121 $ (5,271 ) $ 770,850 Timing of revenue recognition Products transferred at a point in time $ 146,146 $ 16,050 $ 109,626 $ 271,822 $ (5,271 ) $ 266,551 Products and services transferred over time 297,199 178,210 28,890 504,299 - 504,299 Total sales $ 443,345 $ 194,260 $ 138,516 $ 776,121 $ (5,271 ) $ 770,850 Nine Months Ended September 30, 2018 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 240,871 $ 162,559 $ 147,204 $ 550,634 $ (7,318 ) $ 543,316 Other 15,669 24,032 186 39,887 - 39,887 Total sales $ 256,540 $ 186,591 $ 147,390 $ 590,521 $ (7,318 ) $ 583,203 Timing of revenue recognition Products transferred at a point in time $ 65,947 $ 16,403 $ 123,504 $ 205,854 $ - $ 205,854 Products and services transferred over time 190,593 170,188 23,886 384,667 (7,318 ) 377,349 Total sales $ 256,540 $ 186,591 $ 147,390 $ 590,521 $ (7,318 ) $ 583,203

Note 6 - Share-based Compensati

Note 6 - Share-based Compensation	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 6 – SHARE-BASED COMPENSATION Performance Units During the nine September 30, 2019, 218,148 three After completion of the performance period, the number of performance units earned will be issued as shares of Common Stock. The aggregate number of shares of Common Stock that ultimately may not zero 218,148 September 30, 2019. A dividend equivalent is calculated based on the actual number of units earned at the end of the performance period equal to the dividends that would have been payable on the earned units had they been held during the entire performance period as Common Stock. At the end of the performance period, the dividend equivalents are paid in the form of additional shares of Common Stock based on the then-current market value of the Common Stock. 87,260 2019 three may 0% 200% Additional paid-in capital $8.99. 130,888 2019 may 0% 200% Additional paid-in capital The fair value of the TSR PSUs was calculated using the Monte Carlo simulation model which resulted in the grant date fair value for these TSR PSUs of $13.71 The Monte Carlo simulation was computed using the following assumptions: Three-year risk-free interest rate (1) 2.37 % Expected term (in years) 2.7 Estimated volatility (2) 53.7 % 1. Based on the U.S. government bond benchmark on the grant date. 2. Represents the historical price volatility of the Company’s common stock for the three The total PSU expense and associated tax benefit for all outstanding awards for the three nine September 30, 2019 September 30, 2018 Three Months Ended September 30 2019 2018 Expense $ 275 $ - Tax benefits 47 - Nine Months Ended September 30 2019 2018 Expense $ 415 $ - Tax benefits 64 - The PSU activity for the nine September 30, 2019 Total Weighted- Average Grant Date Fair Value per Unit Nonvested as of December 31, 2018 - $ - Granted 218,148 11.82 Nonvested as of September 30, 2019 218,148 $ 11.82 As of September 30, 2019, $1,651 2.25 Restricted Stock Units During the nine September 30, 2019, 182,333 three one Additional paid-in capital The RSU expense and associated tax benefit for all outstanding awards for the three nine September 30, 2019 September 30, 2018 Three Months Ended September 30, 2019 2018 Expense $ 256 $ - Tax benefits 56 - Nine Months Ended September 30, 2019 2018 Expense $ 389 $ - Tax benefits 81 - As of September 30, 2019, $1,248 1.3 The RSU activity for the nine September 30, 2019 Total Weighted- Average Grant Date Fair Value per Unit Nonvested as of December 31, 2018 - $ - Granted 182,333 8.98 Nonvested as of September 30, 2019 182,333 $ 8.98

Note 7 - Leases

Note 7 - Leases	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	NOTE 7 – LEASES We have operating and finance leases for land, buildings and certain equipment. Our leases have remaining lease terms of one 18 10 not September 30, 2019, 4 Debt Operating lease expenses are classified as cost of products sold and operating expenses on the Condensed Consolidated Statements of Operations. The components of lease expense were as follows: Nine months ended September 30, 2019 Operating leases $ 2,785 Short-term leases (1) 214 Total lease expense $ 2,999 1. Includes expenses for month-to-month equipment leases, which are classified as short-term as the Company is not one The weighted average remaining lease term and weighted average discount rate were as follows: Nine months ended September 30, 2019 Weighted average remaining lease term of operating leases (in years) 9.0 Weighted average discount rate of operating leases 4.0 % Supplemental cash flow information related to leases was as follows: Nine months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow for operating leases $ 2,785 Right of use assets obtained in exchange for lease obligations: Operating leases $ 2,340 Finance leases $ - Maturities of operating lease liabilities as of September 30, 2019 Years ending December 31: 2019 (1) $ 1,687 2020 6,431 2021 5,508 2022 5,072 2023 5,110 Thereafter 20,904 Total lease payments 44,712 Less: imputed interest 7,408 Total lease liabilities $ 37,304 ( 1 Excluding the nine September 30, 2019. The aggregate amount of future minimum annual rental payments applicable to noncancelable leases as of December 31, 2018 Future Minimum Lease Payments Year ending December 31: 2019 $ 3,291 2020 2,831 2021 2,193 2022 1,849 2023 1,863 Thereafter 4,149 Total $ 16,176

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 8 - COMMITMENTS AND CONTINGENT LIABILITIES Under the terms of the Credit Agreement we have the ability to issue letters of credit totaling $20,000 September 30, 2019 December 31, 2018, $653 $913 At September 30, 2019, not Warranty Related We provide limited warranties against assembly/construction defects. These warranties generally provide for the replacement or repair of defective parts or workmanship for a specified period following the date of sale. The end users also may Certain warranty and other related claims involve matters of dispute that ultimately are resolved by negotiation, arbitration or litigation. Infrequently, a material warranty issue can arise which is beyond the scope of our historical experience. We provide for any such warranty issues as they become known and are estimable. It is reasonably possible that additional warranty and other related claims could arise from disputes or other matters beyond the scope of our historical experience. Changes in our warranty liability during the nine September 30, 2019 2018 2019 2018 Balance of accrued warranty at January 1 $ 16,090 $ 18,268 Warranties issued during the period 8,580 5,381 Cash settlements made during the period (8,277 ) (8,093 ) Changes in liability for pre-existing warranties during the period, including expirations 1,691 687 Balance of accrued warranty at September 30 $ 18,084 $ 16,243 Spartan-Gimaex Joint Venture In February 2015, June 2015, February 2017, No 10 may may not nine September 30, 2019, $216

Note 9 - Taxes on Income

Note 9 - Taxes on Income	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9 – TAXES ON INCOME Our effective income tax rate was 24.7% 22.8% three nine September 30, 2019 16.5% 16.1% three nine September 30, 2018. The effective tax rate for the three September 30, 2019 nine September 30, 2019 first $296. Our effective tax rate for the three September 30, 2018 two one December 31, 2017 2017 third 2018 $361 first nine 2018 25.0% We also recorded a $373 2017 2017 10 2017 December 2017. 2017 35 21 December 31, 2017. 2017 2017 10 No. 118, 740, 2017 The effective tax rate for the nine September 30, 2018 $1,403

Note 10 - Interest and Other In

Note 10 - Interest and Other Income	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Interest and Other Income [Text Block]	NOTE 1 0 - INTEREST AND OTHER INCOME Interest and other income is as shown below: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net working capital settlement from acquisition of Smeal (1) $ - $ - $ - $ 1,500 Gain from adjustment of contingent liability from acquisition of Smeal (2) - - - 693 Smeal post-acquisition escrow receipt (3) - - 1,000 - Other miscellaneous 480 156 963 388 Total interest and other income $ 480 $ 156 $ 1,963 $ 2,581 1. The net working capital settlement from the acquisition of Smeal was recorded to other income because the settlement occurred after the expiration of the measurement period on January 1, 2018. 2. This gain represents the reduction of a contingent liability from the Smeal acquisition that was made after the expiration of the measurement period on January 1, 2018. 3. This amount represents funds received from the Smeal escrow account for post-acquisition costs.

Note 11 - Business Segments

Note 11 - Business Segments	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 1 1 - BUSINESS SEGMENTS We identify our reportable segments based on our management structure and the financial data utilized by our chief operating decision makers to assess segment performance and allocate resources among our operating units. We have three We evaluate the performance of our reportable segments based on Adjusted EBITDA. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization, and other adjustments made in order to present comparable results from period to period. For the periods covered by this Form 10 not 2019 April 19, 2019. Our Fleet Vehicles and Services segment consists of our operations at our Bristol, Indiana location, and beginning in 2018 Our Emergency Response Vehicles segment consists of the emergency response chassis operations at our Charlotte, Michigan location and our operations at our Brandon, South Dakota; Snyder and Neligh, Nebraska; and Ephrata, Pennsylvania locations. This segment engineers and manufactures emergency response chassis and apparatus and distributes related aftermarket parts and accessories. Our Specialty Chassis and Vehicles segment consists of our Charlotte, Michigan operations that engineer and manufacture motor home chassis, defense vehicles, truck bodies and other specialty chassis, and distribute related aftermarket parts and assemblies. In addition, beginning in September 2019 The accounting policies of the segments are the same as those described, or referred to, in Note 1 General and Summary of Accounting Policies three not not Three Months Ended September 30 , 201 9 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 172,530 $ - $ - $ - $ 172,530 Emergency response vehicle sales - 60,874 - - 60,874 Motor home chassis sales - - 33,038 - 33,038 Other specialty vehicle sales - - 9,377 - 9,377 Aftermarket parts and accessories sales 7,064 3,367 2,701 - 13,132 Total sales $ 179,594 $ 64,241 $ 45,116 $ - $ 288,951 Depreciation and amortization expense $ 641 $ 731 $ 372 $ 947 $ 2,691 Adjusted EBITDA 24,689 (1,063 ) 4,079 (8,507 ) 19,198 Segment assets 147,168 136,759 159,295 69,390 512,612 Capital expenditures 1,166 257 1,184 1,176 3,783 Three Months Ended September 30 , 201 8 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 91,984 $ - $ 4,188 $ (4,188 ) $ 91,984 Emergency response vehicle sales - 57,549 - - 57,549 Motor home chassis sales - - 38,892 - 38,892 Other specialty vehicle sales - - 5,453 - 5,453 Aftermarket parts and accessories sales 26,449 2,714 3,142 - 32,305 Total sales $ 118,433 $ 60,263 $ 51,675 $ (4,188 ) $ 226,183 Depreciation and amortization expense $ 603 $ 625 $ 357 $ 1,015 $ 2,600 Adjusted EBITDA 7,243 601 5,919 (3,180 ) 10,583 Segment assets 109,139 139,060 41,545 60,151 349,895 Capital expenditures 250 304 19 2,739 3,312 Nine Months Ended September 30, 2019 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 381,429 $ - $ 5,271 $ (5,271 ) $ 381,429 Emergency response vehicle sales - 184,109 - - 184,109 Motor home chassis sales - - 101,824 - 101,824 Other specialty vehicle sales - - 23,705 - 23,705 Aftermarket parts and accessories sales 61,916 10,151 7,716 - 79,783 Total sales $ 443,345 $ 194,260 $ 138,516 $ (5,271 ) $ 770,850 Depreciation and amortization expense $ 1,796 $ 2,146 $ 1,119 $ 2,670 $ 7,731 Adjusted EBITDA 39,585 (2,243 ) 14,128 (18,154 ) 33,316 Segment assets 147,168 136,759 159,295 69,390 512,612 Capital expenditures 1,864 465 1,490 3,685 7,504 Nine Months Ended September 30, 201 8 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 194,917 $ - $ 7,318 $ (7,318 ) $ 194,917 Emergency response vehicle sales - 178,592 - - 178,592 Motor home chassis sales - - 115,643 - 115,643 Other specialty vehicle sales - - 16,568 - 16,568 Aftermarket parts and accessories sales 61,623 7,999 7,861 - 77,483 Total sales $ 256,540 $ 186,591 $ 147,390 $ (7,318 ) $ 583,203 Depreciation and amortization expense $ 1,780 $ 1,877 $ 1,092 $ 2,889 $ 7,638 Adjusted EBITDA 20,205 2,038 13,431 (10,601 ) 25,073 Segment assets 109,139 139,060 41,545 60,151 349,895 Capital expenditures 1,815 459 116 5,005 7,395 The table below presents the reconciliation of our consolidated income before taxes to total segment Adjusted EBITDA. Adjusted EBITDA is not not may not may not not Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Total segment adjusted EBITDA $ 27,705 $ 13,763 $ 51,470 $ 35,674 Add (subtract): Interest expense (144 ) (225 ) (831 ) (817 ) Depreciation and amortization expense (2,691 ) (2,600 ) (7,731 ) (7,638 ) Restructuring expense (371 ) (501 ) (553 ) (1,317 ) Acquisition related expenses including stock compensation (1,684 ) (267 ) (2,474 ) (802 ) Litigation expense - (321 ) (52 ) (321 ) Nebraska flooding expenses - - (123 ) - Recall expense - (112 ) (777 ) 331 Long-term strategic planning expense - (277 ) - (995 ) Executive compensation plan expense (531 ) - (804 ) - Impact of acquisition adjustments for net working capital and contingent liability - - - 2,193 Joint venture inventory adjustment - - (216 ) - Unallocated corporate expenses (8,445 ) (3,180 ) (18,167 ) (10,601 ) Consolidated income before taxes $ 13,839 $ 6,280 $ 19,742 $ 15,707

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards In June 2016, 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments 2016 13” 2016 13 December 15, 2019 2016 13 not In February 2016, No. 2016 02, Leases 2016 02” 12 December 15, 2018, 2016 02 January 1, 2019 Adoption of Lease Accounting Policy 7 Leases 2016 02 Except for the changes below, we have consistently applied the accounting policies to all periods presented in these condensed consolidated financial statements. Adoption of Lease Accounting Policy We applied ASU 2016 02 842” January 1, 2019. not not January 1, 2019 $13,582 $675 $13,716 $696. $113, $42 not We determine if an arrangement is a lease at inception. Operating leases are included in ROU assets - operating leases, Operating lease liability, and Long-term operating lease liability on our Condensed Consolidated Balance Sheets. Finance leases are included in Other assets, Other current liabilities and accrued expenses and Other non-current liabilities on our Condensed Consolidated Balance Sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not We do not 12 We have lease agreements with lease and non-lease components, which are accounted for separately for leases related to real property. For leases related to personal property we account for lease and non-lease components associated with a lease as a single lease component.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition Accounting Policy Essentially all of our revenue is generated through contracts with our customers. We may not may one not not one We have elected to utilize the practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred because the amortization period for the prepaid costs that would have otherwise been deferred and amortized is one not Note 8 - Commitments and Contingent Liabilities not Revenue for parts sales for all segments is recognized at the time that control and risk of ownership has passed to the customer, which is generally when the ordered part is shipped to the customer. Historical return rates on parts sales have been immaterial. Accordingly, no For certain of our vehicles and chassis, we sell separately priced service contracts that provide roadside assistance or extend certain warranty coverage beyond our base warranty agreements. These separately priced contracts range from 1 6 Distinct revenue recognition policies for our segments are as follows: Fleet Vehicles and Services Our walk-in vans and truck bodies are generally built on a chassis that is owned and controlled by the customer. Due to the customer ownership of the chassis, the performance obligation for these walk-in vans and truck bodies is satisfied as the vehicles are built. Accordingly, the revenue and corresponding cost of products sold associated with these contracts are recognized over time based on the inputs completed for a given performance obligation during the reporting period. Certain contracts will specify that a walk-in van or truck body is to be built on a chassis that we purchase and subsequently sell to the customer. The revenue on these contracts is recognized at the time that the performance obligation is satisfied and control and risk of ownership has passed to the customer, which is generally upon shipment of the vehicle from our manufacturing facility to the customer or receipt of the vehicle by the customer, depending on contract terms. We have elected to treat shipping and handling costs subsequent to transfer of control as fulfillment activities and, accordingly, recognize these costs as the revenue is recognized. Revenue for up-fit and field service contracts is recognized over time, as equipment is installed in the customer’s vehicle or as repairs and enhancements are made to the customer’s vehicles. Revenue and the corresponding cost of products sold is estimated based on the inputs completed for a given performance obligation. Our performance obligation for up-fit and field service contracts is satisfied when the equipment installation or repairs and enhancements of the customer’s vehicle has been completed. Our receivables will generally be collected in less than three Emergency Response Vehicles Our emergency response chassis and apparatuses are generally manufactured to order based on customer-supplied specifications. Due to the custom nature of the products and the attributes of the contracts, we do not six Revenue on certain emergency response chassis and apparatuses that are sold from stock or utilized as demonstration units is recognized at the point in time that the contract is received. Revenue related to modifications made to trucks sold from stock or that were utilized as demonstration units is recognized over time as the modifications are completed. Our receivables will generally be collected in less than three Specialty Chassis and Vehicles We recognize revenue and the corresponding cost of products sold on the sale of motor home chassis when the performance obligation is completed and control and risk of ownership of the chassis has passed to our customer, which is generally upon shipment of the chassis to the customer. Revenue and the corresponding cost of products sold associated with other specialty chassis is recognized over time based on the inputs completed for a given performance obligation during the reporting period. Other specialty chassis are generally built on a chassis that is owned and controlled by the customer. Due to the customer ownership of the chassis, the performance obligations for other specialty chassis contracts are satisfied as the products are assembled. Our receivables will generally be collected in less than three

Note 2 - Acquisition Activiti_2

Note 2 - Acquisition Activities (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash and cash equivalents $ 431 Accounts receivable, less allowance 5,019 Contract assets 1,499 Inventory 6,453 Other receivables – chassis pool agreements 10,424 Property, plant and equipment, net 4,980 Right of use assets-operating leases 12,767 Intangible assets, net 47,150 Goodwill 28,188 Total assets acquired 116,911 Accounts payable (1,658 ) Customer prepayments (255 ) Accrued warranty (98 ) Operating lease liabilities (1,693 ) Accrued compensation and related taxes (569 ) Other current liabilities and accrued expenses (30 ) Short-term debt – chassis pool agreements (10,424 ) Long-term operating lease liability (11,074 ) Long-term debt, less current portion (1,029 ) Total liabilities assumed (26,830 ) Total purchase price $ 90,081 Accounts receivable $ 1,165 Inventory 893 Other current assets 3 Property, plant and equipment 1,942 Goodwill 4,728 Other Assets (272 ) Total assets acquired 8,459 Accounts payable 382 Other current liabilities 45 Total liabilities assumed 427 Total purchase price $ 8,032
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Amount Useful Life (in years) Customer relationships $ 30,000 15 Trade names & Trademarks 13,000 Indefinite Patented Technology 2,200 8 Non-Competition Agreements 1,950 5 $ 47,150
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended September 30, Pro forma results of operations 2019 2018 Net sales $ 301,699 $ 237,083 Net income $ 10,476 $ 5,453 Diluted net earnings per share $ 0.30 $ 0.15 Nine Months Ended September 30, Pro forma results of operations 2019 2018 Net sales $ 807,660 $ 615,099 Net income $ 16,862 $ 13,640 Diluted net earnings per share $ 0.48 $ 0.39
Schedule of Goodwill [Table Text Block]	2019 2018 Balance as of January 1 $ 33,823 $ 27,417 Acquisition and measurement period adjustment of Strobes-R-Us (1,678 ) 6,406 Acquisition of Royal 28,188 - Balance as of September 30 $ 60,333 $ 33,823

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, Finished goods $ 14,895 $ 14,696 Work in process 10,072 5,926 Raw materials and purchased components 68,990 52,474 Reserve for slow-moving inventory (6,021 ) (3,104 ) Total inventory $ 87,936 $ 69,992

Note 4 - Debt (Tables)

Note 4 - Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Short-term Debt [Table Text Block]	September 30, December 31, Chassis pool agreements $ 16,975 $ - Total short-term debt $ 16,975 $ -
Schedule of Long-term Debt Instruments [Table Text Block]	September 30 , 201 9 December 31, 201 8 Line of credit revolver (1) $ 107,461 $ 25,460 Capital lease obligations - 147 Finance lease obligation 667 - Other 1,029 - Total debt 109,157 25,607 Less current portion of long-term debt (213 ) (60 ) Total long-term debt $ 108,944 $ 25,547

Note 5 - Revenue (Tables)

Note 5 - Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Contract with Customer, Asset and Liability [Table Text Block]	Contract assets Opening balance (January 1, 2019) $ 36,027 Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional (36,027 ) Contract assets recognized, net of reclassification to receivables 49,043 Net change 13,016 Ending balance (September 30, 2019) $ 49,043 Contract liabilities Opening balance (January 1, 2019) $ 22,632 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (21,572 ) Cash received in advance and not recognized as revenue 10,309 Net change (11,263 ) Ending balance (September 30, 2019) $ 11,369
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	1-12 Months (1) 13 Months and beyond (1) Total Revenue expected to be recognized as of September 30, 2019: Fleet Vehicles and Services $ 223,753 $ - $ 223,753 Emergency Response Vehicles 194,369 1,623 195,992 Specialty Chassis and Vehicles 39,981 18 39,999 Total $ 458,103 $ 1,641 $ 459,744
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, 2019 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 176,689 $ 55,226 $ 45,079 $ 276,994 $ - $ 276,994 Other 2,905 9,015 37 11,957 - 11,957 Total sales $ 179,594 $ 64,241 $ 45,116 $ 288,951 $ - $ 288,951 Timing of revenue recognition Products transferred at a point in time $ 41,830 $ 3,367 $ 35,831 $ 81,028 $ - $ 81,028 Products and services transferred over time 137,764 60,874 9,285 207,923 - 207,923 Total sales $ 179,594 $ 64,241 $ 45,116 $ 288,951 $ - $ 288,951 Three Months Ended September 30, 2018 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 106,531 $ 49,861 $ 51,626 $ 208,018 $ (4,188 ) $ 203,830 Other 11,902 10,402 49 22,353 - 22,353 Total sales $ 118,433 $ 60,263 $ 51,675 $ 230,371 $ (4,188 ) $ 226,183 Timing of revenue recognition Products transferred at a point in time $ 38,153 $ 5,795 $ 42,034 $ 85,982 $ - $ 85,982 Products and services transferred over time 80,280 54,468 9,641 144,389 (4,188 ) 140,201 Total sales $ 118,433 $ 60,263 $ 51,675 $ 230,371 $ (4,188 ) $ 226,183 Nine Months Ended September 30, 2019 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 426,984 $ 170,781 $ 138,417 $ 736,182 $ (5,271 ) $ 730,911 Other 16,361 23,479 99 39,939 - 39,939 Total sales $ 443,345 $ 194,260 $ 138,516 $ 776,121 $ (5,271 ) $ 770,850 Timing of revenue recognition Products transferred at a point in time $ 146,146 $ 16,050 $ 109,626 $ 271,822 $ (5,271 ) $ 266,551 Products and services transferred over time 297,199 178,210 28,890 504,299 - 504,299 Total sales $ 443,345 $ 194,260 $ 138,516 $ 776,121 $ (5,271 ) $ 770,850 Nine Months Ended September 30, 2018 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Total Reportable Segments Other Total Primary geographical markets United States $ 240,871 $ 162,559 $ 147,204 $ 550,634 $ (7,318 ) $ 543,316 Other 15,669 24,032 186 39,887 - 39,887 Total sales $ 256,540 $ 186,591 $ 147,390 $ 590,521 $ (7,318 ) $ 583,203 Timing of revenue recognition Products transferred at a point in time $ 65,947 $ 16,403 $ 123,504 $ 205,854 $ - $ 205,854 Products and services transferred over time 190,593 170,188 23,886 384,667 (7,318 ) 377,349 Total sales $ 256,540 $ 186,591 $ 147,390 $ 590,521 $ (7,318 ) $ 583,203

Note 6 - Share-based Compensa_2

Note 6 - Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Share-based Payment Award, Valuation Assumptions [Table Text Block]	Three-year risk-free interest rate (1) 2.37 % Expected term (in years) 2.7 Estimated volatility (2) 53.7 %
Share-based Payment Arrangement, Activity [Table Text Block]	Three Months Ended September 30 2019 2018 Expense $ 275 $ - Tax benefits 47 - Nine Months Ended September 30 2019 2018 Expense $ 415 $ - Tax benefits 64 - Total Weighted- Average Grant Date Fair Value per Unit Nonvested as of December 31, 2018 - $ - Granted 218,148 11.82 Nonvested as of September 30, 2019 218,148 $ 11.82 Three Months Ended September 30, 2019 2018 Expense $ 256 $ - Tax benefits 56 - Nine Months Ended September 30, 2019 2018 Expense $ 389 $ - Tax benefits 81 - Total Weighted- Average Grant Date Fair Value per Unit Nonvested as of December 31, 2018 - $ - Granted 182,333 8.98 Nonvested as of September 30, 2019 182,333 $ 8.98

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Lease, Cost [Table Text Block]	Nine months ended September 30, 2019 Operating leases $ 2,785 Short-term leases (1) 214 Total lease expense $ 2,999 Nine months ended September 30, 2019 Weighted average remaining lease term of operating leases (in years) 9.0 Weighted average discount rate of operating leases 4.0 % Nine months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow for operating leases $ 2,785 Right of use assets obtained in exchange for lease obligations: Operating leases $ 2,340 Finance leases $ -
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years ending December 31: 2019 (1) $ 1,687 2020 6,431 2021 5,508 2022 5,072 2023 5,110 Thereafter 20,904 Total lease payments 44,712 Less: imputed interest 7,408 Total lease liabilities $ 37,304
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Future Minimum Lease Payments Year ending December 31: 2019 $ 3,291 2020 2,831 2021 2,193 2022 1,849 2023 1,863 Thereafter 4,149 Total $ 16,176

Note 8 - Commitments and Cont_2

Note 8 - Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	2019 2018 Balance of accrued warranty at January 1 $ 16,090 $ 18,268 Warranties issued during the period 8,580 5,381 Cash settlements made during the period (8,277 ) (8,093 ) Changes in liability for pre-existing warranties during the period, including expirations 1,691 687 Balance of accrued warranty at September 30 $ 18,084 $ 16,243

Note 10 - Interest and Other _2

Note 10 - Interest and Other Income (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Interest and Other Income [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net working capital settlement from acquisition of Smeal (1) $ - $ - $ - $ 1,500 Gain from adjustment of contingent liability from acquisition of Smeal (2) - - - 693 Smeal post-acquisition escrow receipt (3) - - 1,000 - Other miscellaneous 480 156 963 388 Total interest and other income $ 480 $ 156 $ 1,963 $ 2,581

Note 11 - Business Segments (Ta

Note 11 - Business Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 172,530 $ - $ - $ - $ 172,530 Emergency response vehicle sales - 60,874 - - 60,874 Motor home chassis sales - - 33,038 - 33,038 Other specialty vehicle sales - - 9,377 - 9,377 Aftermarket parts and accessories sales 7,064 3,367 2,701 - 13,132 Total sales $ 179,594 $ 64,241 $ 45,116 $ - $ 288,951 Depreciation and amortization expense $ 641 $ 731 $ 372 $ 947 $ 2,691 Adjusted EBITDA 24,689 (1,063 ) 4,079 (8,507 ) 19,198 Segment assets 147,168 136,759 159,295 69,390 512,612 Capital expenditures 1,166 257 1,184 1,176 3,783 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 91,984 $ - $ 4,188 $ (4,188 ) $ 91,984 Emergency response vehicle sales - 57,549 - - 57,549 Motor home chassis sales - - 38,892 - 38,892 Other specialty vehicle sales - - 5,453 - 5,453 Aftermarket parts and accessories sales 26,449 2,714 3,142 - 32,305 Total sales $ 118,433 $ 60,263 $ 51,675 $ (4,188 ) $ 226,183 Depreciation and amortization expense $ 603 $ 625 $ 357 $ 1,015 $ 2,600 Adjusted EBITDA 7,243 601 5,919 (3,180 ) 10,583 Segment assets 109,139 139,060 41,545 60,151 349,895 Capital expenditures 250 304 19 2,739 3,312 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 381,429 $ - $ 5,271 $ (5,271 ) $ 381,429 Emergency response vehicle sales - 184,109 - - 184,109 Motor home chassis sales - - 101,824 - 101,824 Other specialty vehicle sales - - 23,705 - 23,705 Aftermarket parts and accessories sales 61,916 10,151 7,716 - 79,783 Total sales $ 443,345 $ 194,260 $ 138,516 $ (5,271 ) $ 770,850 Depreciation and amortization expense $ 1,796 $ 2,146 $ 1,119 $ 2,670 $ 7,731 Adjusted EBITDA 39,585 (2,243 ) 14,128 (18,154 ) 33,316 Segment assets 147,168 136,759 159,295 69,390 512,612 Capital expenditures 1,864 465 1,490 3,685 7,504 Fleet Vehicles and Services Emergency Response Vehicles Specialty Chassis and Vehicles Eliminations and Other Consolidated Fleet vehicle sales $ 194,917 $ - $ 7,318 $ (7,318 ) $ 194,917 Emergency response vehicle sales - 178,592 - - 178,592 Motor home chassis sales - - 115,643 - 115,643 Other specialty vehicle sales - - 16,568 - 16,568 Aftermarket parts and accessories sales 61,623 7,999 7,861 - 77,483 Total sales $ 256,540 $ 186,591 $ 147,390 $ (7,318 ) $ 583,203 Depreciation and amortization expense $ 1,780 $ 1,877 $ 1,092 $ 2,889 $ 7,638 Adjusted EBITDA 20,205 2,038 13,431 (10,601 ) 25,073 Segment assets 109,139 139,060 41,545 60,151 349,895 Capital expenditures 1,815 459 116 5,005 7,395
Schedule of Earnings Before Interest, Taxes, Depreciation and Amortization [Table Text Block]	Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Total segment adjusted EBITDA $ 27,705 $ 13,763 $ 51,470 $ 35,674 Add (subtract): Interest expense (144 ) (225 ) (831 ) (817 ) Depreciation and amortization expense (2,691 ) (2,600 ) (7,731 ) (7,638 ) Restructuring expense (371 ) (501 ) (553 ) (1,317 ) Acquisition related expenses including stock compensation (1,684 ) (267 ) (2,474 ) (802 ) Litigation expense - (321 ) (52 ) (321 ) Nebraska flooding expenses - - (123 ) - Recall expense - (112 ) (777 ) 331 Long-term strategic planning expense - (277 ) - (995 ) Executive compensation plan expense (531 ) - (804 ) - Impact of acquisition adjustments for net working capital and contingent liability - - - 2,193 Joint venture inventory adjustment - - (216 ) - Unallocated corporate expenses (8,445 ) (3,180 ) (18,167 ) (10,601 ) Consolidated income before taxes $ 13,839 $ 6,280 $ 19,742 $ 15,707

Note 1 - General and Summary _2

Note 1 - General and Summary of Accounting Policies (Details Textual) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Operating Lease, Right-of-Use Asset			$ 37,110
Operating Lease, Liability, Total			37,304
Finance Lease, Liability, Total			$ 667
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset	$ 13,582
Finance Lease, Right-of-Use Asset	675
Operating Lease, Liability, Total	13,716
Finance Lease, Liability, Total	696
Cumulative Effect of New Accounting Standard In Period Of Adoption	(113)	$ (113)
Cumulative Effect on Retained Earnings, Tax	$ 42

Note 2 - Acquisition Activiti_3

Note 2 - Acquisition Activities (Details Textual) - USD ($) $ in Thousands	Sep. 09, 2019	Dec. 17, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Business Combination, Acquisition Related Costs			$ 1,684	$ 267	$ 2,474	$ 802
Goodwill, Ending Balance			60,333	$ 33,823	60,333	33,823	$ 33,823	$ 27,417
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total	$ 47,150
Revolving Credit Facility [Member] | Lenders [Member]
Line of Credit Facility, Remaining Borrowing Capacity	175,000
Royal [Member]
Payments to Acquire Businesses, Gross	90,081
Proceeds from Lines of Credit, Total	90,081
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			3,871
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual			801
Business Combination, Acquisition Related Costs			982
Goodwill, Ending Balance	28,188
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total	$ 47,150
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year			666		666
Finite-Lived Intangible Assets, Amortization Expense, Year Two			2,665		2,665
Finite-Lived Intangible Assets, Amortization Expense, Year Three			2,665		2,665
Finite-Lived Intangible Assets, Amortization Expense, Year Four			3,162		3,162
Finite-Lived Intangible Assets, Amortization Expense, Year Five			3,072		3,072
Strobes-R-Us Inc. [Member]
Payments to Acquire Businesses, Gross		$ 5,200
Goodwill, Ending Balance		4,728
Business Combination, Consideration Transferred, Total		8,032
Business Combination, Consideration Transferred, Liabilities Incurred		2,832
Goodwill, Purchase Accounting Adjustments			$ 272		$ (1,678)	$ 6,406
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		3,250
Business Combination, Contingent Consideration, Liability, Total		$ 2,832
Business Combination, Contingent Consideration, Liability, Discount Rate		4.70%

Note 2 - Acquisition Activiti_4

Note 2 - Acquisition Activities - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 09, 2019	Dec. 31, 2018	Dec. 17, 2018	Sep. 30, 2018	Dec. 31, 2017
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		$ 47,150
Goodwill, Ending Balance	$ 60,333		$ 33,823		$ 33,823	$ 27,417
Royal [Member]
Cash and cash equivalents		431
Accounts receivable, less allowance		5,019
Contract assets		1,499
Inventory		6,453
Other receivables – chassis pool agreements		10,424
Property, plant and equipment, net		4,980
Right of use assets-operating leases		12,767
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		47,150
Goodwill, Ending Balance		28,188
Total assets acquired		116,911
Accounts payable		(1,658)
Customer prepayments		(255)
Accrued warranty		(98)
Operating lease liabilities		(1,693)
Accrued compensation and related taxes		(569)
Other current liabilities and accrued expenses		(30)
Short-term debt – chassis pool agreements		(10,424)
Long-term operating lease liability		(11,074)
Long-term debt, less current portion		(1,029)
Total liabilities assumed		(26,830)
Total purchase price		90,081
Accounts payable		1,658
Other current liabilities		30
Total liabilities assumed		$ 26,830
Strobes-R-Us Inc. [Member]
Accounts receivable, less allowance				$ 1,165
Inventory				893
Other receivables – chassis pool agreements				3
Property, plant and equipment, net				1,942
Goodwill, Ending Balance				4,728
Total assets acquired				8,459
Accounts payable				(382)
Other current liabilities and accrued expenses				(45)
Total liabilities assumed				(427)
Total purchase price				8,032
Other Assets				272
Accounts payable				382
Other current liabilities				45
Total liabilities assumed				$ 427

Note 2 - Acquisition Activiti_5

Note 2 - Acquisition Activities - Intangible Assets (Details) - Royal [Member] $ in Thousands	Sep. 09, 2019USD ($)
Amount	$ 47,150
Trademarks and Trade Names [Member]
Amount	13,000
Customer Relationships [Member]
Amount	$ 30,000
Useful Life (Year)	15 years
Patented Technology [Member]
Amount	$ 2,200
Useful Life (Year)	8 years
Noncompete Agreements [Member]
Amount	$ 1,950
Useful Life (Year)	5 years

Note 2 - Acquisition Activiti_6

Note 2 - Acquisition Activities - Pro Forma Results (Unaudited) (Details) - Royal [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 301,699	$ 237,083	$ 807,660	$ 615,099
Net income	$ 10,476	$ 5,453	$ 16,862	$ 13,640
Diluted net earnings per share (in dollars per share)	$ 0.30	$ 0.15	$ 0.48	$ 0.39

Note 2 - Acquisition Activiti_7

Note 2 - Acquisition Activities - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Balance		$ 33,823	$ 27,417
Balance	$ 60,333	60,333	33,823
Strobes-R-Us Inc. [Member]
Acquisition and measurement period adjustment of Strobes-R-Us	$ 272	(1,678)	6,406
Royal [Member]
Acquisition		$ 28,188

Note 3 - Inventories (Details T

Note 3 - Inventories (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Other Inventory, Demo, Gross	$ 9,977	$ 8,807

Note 3 - Inventories - Summary

Note 3 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Finished goods	$ 14,895	$ 14,696
Work in process	10,072	5,926
Raw materials and purchased components	68,990	52,474
Reserve for slow-moving inventory	(6,021)	(3,104)
Total inventory	$ 87,936	$ 69,992

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($) $ in Thousands	Sep. 25, 2019	Sep. 09, 2019	Aug. 08, 2018	Dec. 01, 2017	Sep. 30, 2019	Aug. 08, 2019	Dec. 31, 2018
Short-term Debt, Total					$ 16,975
Line of Credit Facility, Current Borrowing Capacity					41,219		86,410
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 20,000		20,000
Lenders [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 175,000	$ 175,000				$ 150,000
Debt Instrument, Term			5 years
Line of Credit Facility, Potential Increase Borrowing Capacity	50,000	50,000	$ 75,000
Line of Credit Facility, Increase in Maximum Borrowing Capacity		25,000
Line of Credit Facility, Increase (Decrease) in Potential Increase Borrowing Capacity		(25,000)
Lenders [Member] | Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					3.3125%
Lenders [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate					1.25%
Lenders [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	20,000	20,000	20,000
Lenders [Member] | Swing Line Loans [Member]
Line of Credit Facility, Maximum Borrowing Capacity	30,000	20,000	$ 15,000
Line of Credit Facility, Increase in Maximum Borrowing Capacity	$ 10,000	$ 5,000
Wells Fargo, JPMorgan Chase Bank, N.A.and PNC Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 100,000
Debt Instrument, Term				3 years
Debt Instrument, Basis Spread on Variable Rate				0.50%
Wells Fargo, JPMorgan Chase Bank, N.A.and PNC Bank [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.00%
Chassis Pool Agreements [Member]
Short-term Debt, Total					$ 16,975

Note 4 - Debt - Short-term Debt

Note 4 - Debt - Short-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Short-term debt	$ 16,975
Chassis Pool Agreements [Member]
Short-term debt	$ 16,975

Note 4 - Debt - Schedule of Lon

Note 4 - Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
Line of credit revolver (1)	[1]	$ 107,461	$ 25,460
Capital lease obligations			147
Finance Lease, Liability, Total		667
Other		1,029
Total debt		109,157	25,607
Less current portion of long-term debt		(213)	(60)
Total long-term debt		$ 108,944	$ 25,547
[1]	On August 8, 2018, we entered into a Credit Agreement (the "Credit Agreement") by and among us and certain of our subsidiaries as borrowers, Wells Fargo Bank, N.A., as administrative agent ("Wells Fargo"), and the lenders party thereto consisting of Wells Fargo, JPMorgan Chase Bank, N.A. and PNC Bank National Association (the "Lenders"). Under the Credit Agreement, we may borrow up to $150,000 (subsequently increased to $175,000) from the Lenders under a five-year secured revolving credit facility. The credit facility matures August 8, 2023. We may also request an increase in the facility of up to $75,000 (subsequently decreased to $50,000) in the aggregate, subject to customary conditions. The credit facility is also available for the issuance of letters of credit of up to $20,000 and swing line loans of up to $15,000 (subsequently increased to $30,000), subject to certain limitations and restrictions. This line carries an interest rate of either (i) the highest of prime rate, the federal funds effective rate from time to time plus 0.5%, or the one month adjusted LIBOR plus 1.0%; or (ii) adjusted LIBOR plus margin based upon our ratio of debt to earnings from time to time. The applicable borrowing rate including margin was 3.3125% (or one-month LIBOR plus 1.25%) at September 30, 2019. The credit facility is secured by security interests in, and liens on, all assets of the borrowers, other than real property and certain other excluded assets. On September 9, 2019, the Credit Agreement was amended by a Second Amendment to the Credit Agreement. The Second Amendment increased the revolving credit facility by $25,000, decreased future increases by $25,000, increased the availability of swing line loans by $5,000 and joined Royal as a borrower. Under the Credit Agreement, as amended by the Second Amendment, the Company may borrow up to $175,000 and may also request an increase in the facility of up to $50,000 in the aggregate, subject to customary conditions. The credit facility is also available for the issuance of letters of credit of up to $20,000 and swing line loans of up to $20,000 (subsequently increased to $30,000), subject to certain limitations and restrictions. On September 25, 2019, the Credit Agreement was amended by a Third Amendment to the Credit Agreement. The Third Amendment increased the availability of swing line loans by $10,000. Under the Credit Agreement, as amended by the Second Amendment and the Third Amendment, the Company may borrow up to $175,000 and may also request an increase in the facility of up to $50,000 in the aggregate, subject to customary conditions. The credit facility is also available for the issuance of letters of credit of up to $20,000 and swing line loans of up to $30,000, subject to certain limitations and restrictions. On December 1, 2017, we entered into a First Amendment to the Second Amended and Restated Credit Agreement (the "First Credit Agreement") by and among us and certain of our subsidiaries, as borrowers, Wells Fargo, National Association, as agent, and the lenders party thereto consisting of Wells Fargo, National Association, JPMorgan Chase Bank, N.A. and PNC Bank National Association. Under the First Credit Agreement, we were able to borrow up to $100,000 under a three-year unsecured revolving credit facility. The First Credit Agreement was paid off and terminated when the “Credit Agreement” described above was entered into on August 8, 2018. This line carried an interest rate of the higher of either (i) the highest of prime rate, the federal funds effective rate plus 0.5%, or the one month adjusted LIBOR plus 1.00%; or (ii) adjusted LIBOR plus margin based upon our ratio of debt to earnings from time to time.

Note 5 - Revenue (Details Textu

Note 5 - Revenue (Details Textual) $ in Thousands	Sep. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 459,744
Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Amount	$ 458,103	[1]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Extended Warranties [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Amount	$ 245
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Extended Warranties [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01
Revenue, Remaining Performance Obligation, Amount	$ 608
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Roadside Assistance Contract [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Amount	$ 34
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Roadside Assistance Contract [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01
Revenue, Remaining Performance Obligation, Amount	$ 18
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
[1]	Revenue above includes amounts related to extended warranties and roadside assistance contracts of $245 and $34 for one to 12 months and $608 and $18 for 13 months and beyond, respectively.

Note 5 - Revenue - Contract Ass

Note 5 - Revenue - Contract Assets and Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Opening balance, contract assets	$ 36,027
Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional	(36,027)
Contract assets recognized, net of reclassification to receivables	49,043
Net change, contract assets	13,016
Ending balance, contract assets	49,043
Opening balance, contract liabilities	22,632
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied	(21,572)
Cash received in advance and not recognized as revenue	10,309
Net change, contract liabilities	(11,263)
Ending balance, contract liabilities	$ 11,369

Note 5 - Revenue - Revenue Expe

Note 5 - Revenue - Revenue Expected to Be Recognized (Details) $ in Thousands	Sep. 30, 2019USD ($)
Revenue expected to be recognized	$ 459,744
Fleet Vehicles and Services [Member]
Revenue expected to be recognized	223,753
Emergency Response Vehicles [Member]
Revenue expected to be recognized	195,992
Specialty Chassis and Vehicles [Member]
Revenue expected to be recognized	$ 39,999

Note 5 - Revenue - Revenue Ex_2

Note 5 - Revenue - Revenue Expected to Be Recognized 2 (Details) $ in Thousands	Sep. 30, 2019USD ($)
Revenue expected to be recognized	$ 459,744
Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue expected to be recognized	458,103	[1]
Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue expected to be recognized	1,641	[1]
Fleet Vehicles and Services [Member]
Revenue expected to be recognized	223,753
Fleet Vehicles and Services [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue expected to be recognized	223,753	[1]
Fleet Vehicles and Services [Member] | Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue expected to be recognized		[1]
Emergency Response Vehicles [Member]
Revenue expected to be recognized	195,992
Emergency Response Vehicles [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue expected to be recognized	194,369	[1]
Emergency Response Vehicles [Member] | Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue expected to be recognized	1,623	[1]
Specialty Chassis and Vehicles [Member]
Revenue expected to be recognized	39,999
Specialty Chassis and Vehicles [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue expected to be recognized	39,981	[1]
Specialty Chassis and Vehicles [Member] | Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue expected to be recognized	$ 18	[1]
[1]	Revenue above includes amounts related to extended warranties and roadside assistance contracts of $245 and $34 for one to 12 months and $608 and $18 for 13 months and beyond, respectively.

Note 5 - Revenue - Revenue Ex_3

Note 5 - Revenue - Revenue Expected to Be Recognized (Details) (Parentheticals)	Sep. 30, 2019
Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Fleet Vehicles and Services [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Fleet Vehicles and Services [Member] | Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Emergency Response Vehicles [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Emergency Response Vehicles [Member] | Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Specialty Chassis and Vehicles [Member] | Short-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year
Specialty Chassis and Vehicles [Member] | Long-term Contract with Customer [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, remaining performance obligation, expected timing of satisfaction, period (Year)	1 year

Note 5 - Revenue - Disaggregate

Note 5 - Revenue - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues	$ 288,951	$ 226,183	$ 770,850	$ 583,203
Transferred at Point in Time [Member]
Revenues	81,028	85,982	266,551	205,854
Transferred over Time [Member]
Revenues	207,923	140,201	504,299	377,349
Operating Segments [Member]
Revenues	288,951	230,371	776,121	590,521
Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	81,028	85,982	271,822	205,854
Operating Segments [Member] | Transferred over Time [Member]
Revenues	207,923	144,389	504,299	384,667
Consolidation, Eliminations [Member]
Revenues		(4,188)	(5,271)	(7,318)
Consolidation, Eliminations [Member] | Transferred at Point in Time [Member]
Revenues			(5,271)
Consolidation, Eliminations [Member] | Transferred over Time [Member]
Revenues		(4,188)		(7,318)
Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	179,594	118,433	443,345	256,540
Fleet Vehicles and Services [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	41,830	38,153	146,146	65,947
Fleet Vehicles and Services [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	137,764	80,280	297,199	190,593
Emergency Response Vehicles [Member] | Operating Segments [Member]
Revenues	64,241	60,263	194,260	186,591
Emergency Response Vehicles [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	3,367	5,795	16,050	16,403
Emergency Response Vehicles [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	60,874	54,468	178,210	170,188
Specialty Chassis and Vehicles [Member] | Operating Segments [Member]
Revenues	45,116	51,675	138,516	147,390
Specialty Chassis and Vehicles [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	35,831	42,034	109,626	123,504
Specialty Chassis and Vehicles [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	9,285	9,641	28,890	23,886
UNITED STATES
Revenues	276,994	203,830	730,911	543,316
UNITED STATES | Operating Segments [Member]
Revenues	276,994	208,018	736,182	550,634
UNITED STATES | Consolidation, Eliminations [Member]
Revenues		(4,188)	(5,271)	(7,318)
UNITED STATES | Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	176,689	106,531	426,984	240,871
UNITED STATES | Emergency Response Vehicles [Member] | Operating Segments [Member]
Revenues	55,226	49,861	170,781	162,559
UNITED STATES | Specialty Chassis and Vehicles [Member] | Operating Segments [Member]
Revenues	45,079	51,626	138,417	147,204
Non-US [Member]
Revenues	11,957	22,353	39,939	39,887
Non-US [Member] | Operating Segments [Member]
Revenues	11,957	22,353	39,939	39,887
Non-US [Member] | Consolidation, Eliminations [Member]
Revenues
Non-US [Member] | Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	2,905	11,902	16,361	15,669
Non-US [Member] | Emergency Response Vehicles [Member] | Operating Segments [Member]
Revenues	9,015	10,402	23,479	24,032
Non-US [Member] | Specialty Chassis and Vehicles [Member] | Operating Segments [Member]
Revenues	$ 37	$ 49	$ 99	$ 186

Note 6 - Share-based Compensa_3

Note 6 - Share-based Compensation (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)shares	Sep. 30, 2019USD ($)$ / sharesshares
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		218,148
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares		$ 11.82
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 1,651	$ 1,651
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		2 years 91 days
Performance Shares [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	87,260
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares		$ 8.99
Performance Shares [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		130,888
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares		$ 13.71
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement By Share-based Payment Award Potential Shares Issuable If Earned	0	0
Performance Shares [Member] | Minimum [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Of Shares Earned	0.00%
Performance Shares [Member] | Minimum [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Of Shares Earned		0.00%
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement By Share-based Payment Award Potential Shares Issuable If Earned	218,148	218,148
Performance Shares [Member] | Maximum [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Of Shares Earned	200.00%
Performance Shares [Member] | Maximum [Member] | Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Of Shares Earned		200.00%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		182,333
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares		$ 8.98
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 1,248	$ 1,248
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		1 year 109 days
Restricted Stock Units (RSUs) [Member] | Board Members [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		1 year

Note 6 - Share-based Compensa_4

Note 6 - Share-based Compensation - Simulation Assumption (Details) - Performance Shares Units [Member]	9 Months Ended
	Sep. 30, 2019
Three-year risk-free interest rate (1)	2.37%	[1]
Expected term (in years) (Year)	2 years 255 days
Estimated volatility (2)	53.70%	[2]
[1]	Based on the U.S. government bond benchmark on the grant date.
[2]	Represents the historical price volatility of the Company's common stock for the three-year period preceding the grant date

Note 6 - Share-based Compensa_5

Note 6 - Share-based Compensation - Expenses and Associated Tax Benefits for Outstanding Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Performance Shares [Member]
Expense	$ 275		$ 415
Tax benefits	$ 47		$ 64
Nonvested (in shares)
Nonvested, weighted average grant date fair value (in dollars per share)
Granted (in shares)			218,148
Granted, weighted average grant date fair value (in dollars per share)			$ 11.82
Nonvested (in shares)	218,148		218,148
Nonvested, weighted average grant date fair value (in dollars per share)	$ 11.82		$ 11.82
Restricted Stock Units (RSUs) [Member]
Expense	$ 256		$ 389
Tax benefits	$ 56		$ 81
Nonvested (in shares)
Nonvested, weighted average grant date fair value (in dollars per share)
Granted (in shares)			182,333
Granted, weighted average grant date fair value (in dollars per share)			$ 8.98
Nonvested (in shares)	182,333		182,333
Nonvested, weighted average grant date fair value (in dollars per share)	$ 8.98		$ 8.98

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	9 Months Ended
	Sep. 30, 2019
Minimum [Member]
Leases, Remaining Lease Terms	1 year
Maximum [Member]
Leases, Remaining Lease Terms	18 years
Lessee, Operating Lease, Renewal Term	10 years

Note 7 - Leases - Lease Expense

Note 7 - Leases - Lease Expense and Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Operating leases	$ 2,785
Short-term leases(1)	214	[1]
Total lease expense	$ 2,999
Weighted average remaining lease term of operating leases (in years) (Year)	9 years
Weighted average discount rate of operating leases	4.00%
Operating cash flow for operating leases	$ 2,785
Operating leases	2,340
Finance leases
[1]	Includes expenses for month-to-month equipment leases, which are classified as short-term as the Company is not reasonably certain to renew the lease term beyond one month.

Note 7 - Leases - Future Minimu

Note 7 - Leases - Future Minimum Operating Lease Commitments Under Non-cancelable Operating Lease (Details) $ in Thousands	Sep. 30, 2019USD ($)
2019(1)	$ 1,687	[1]
2020	6,431
2021	5,508
2022	5,072
2023	5,110
Thereafter	20,904
Total lease payments	44,712
Less: imputed interest	7,408
Total lease liabilities	$ 37,304
[1]	Excluding the nine months ended September 30, 2019.

Note 7 - Leases - Future Mini_2

Note 7 - Leases - Future Minimum Capital Lease Commitments Under Non-cancelable Capital Leases (Details) $ in Thousands	Sep. 30, 2019USD ($)
2019	$ 3,291
2020	2,831
2021	2,193
2022	1,849
2023	1,863
Thereafter	4,149
Total	$ 16,176

Note 8 - Commitments and Cont_3

Note 8 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Letters of Credit Outstanding, Amount		$ 653	$ 913
Dissolution of Spartan-Gimaex Joint Venture [Member] | Spartan-Gimaex Joint Venture [Member]
Inventory Write-down	$ 216
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 20,000	$ 20,000

Note 8 - Commitments and Cont_4

Note 8 - Commitments and Contingent Liabilities - Changes in Warranty Liability (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Balance of accrued warranty	$ 16,090	$ 18,268
Warranties issued during the period	8,580	5,381
Cash settlements made during the period	(8,277)	(8,093)
Changes in liability for pre-existing warranties during the period, including expirations	1,691	687
Balance of accrued warranty	$ 18,084	$ 16,243

Note 9 - Taxes on Income (Detai

Note 9 - Taxes on Income (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent, Total		24.70%	16.50%	22.80%	16.10%	25.00%
Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Amount		$ 296
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount			$ 361
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Amount	$ (373)
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount					$ 1,403

Note 10 - Interest and Other _3

Note 10 - Interest and Other Income - Interest and Other Income (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net working capital settlement from acquisition of Smeal (1)	[1]				$ 1,500
Gain from adjustment of contingent liability from acquisition of Smeal (2)	[2]				693
Smeal post-acquisition escrow receipt(3)	[3]			1,000
Other miscellaneous		480	156	963	388
Total interest and other income		$ 480	$ 156	$ 1,963	$ 2,581
[1]	The net working capital settlement from the acquisition of Smeal was recorded to other income because the settlement occurred after the expiration of the measurement period on January 1, 2018.
[2]	This gain represents the reduction of a contingent liability from the Smeal acquisition that was made after the expiration of the measurement period on January 1, 2018.
[3]	This amount represents funds received from the Smeal escrow account for post-acquisition costs.

Note 11 - Business Segments (De

Note 11 - Business Segments (Details Textual)	9 Months Ended
	Sep. 30, 2019
Number of Reportable Segments	3

Note 11 - Business Segments - S

Note 11 - Business Segments - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues	$ 288,951	$ 226,183	$ 770,850	$ 583,203
Depreciation and amortization expense	2,691	2,600	7,731	7,638
Adjusted EBITDA	19,198	10,583	33,316	25,073
Segment assets	512,612	349,895	512,612	349,895	$ 353,784
Capital expenditures	3,783	3,312	7,515	7,395
Fleet Vehicle Sales [Member]
Revenues	172,530	91,984	381,429	194,917
Emergency Response Vehicles Sales [Member]
Revenues	60,874	57,549	184,109	178,592
Motorhome Chassis [Member]
Revenues	33,038	38,892	101,824	115,643
Other Specialty Vehicles [Member]
Revenues	9,377	5,453	23,705	16,568
Aftermarket Parts and Accessories Sales [Member]
Revenues	13,132	32,305	79,783	77,483
Operating Segments [Member]
Revenues	288,951	230,371	776,121	590,521
Operating Segments [Member] | Fleet Vehicles and Services [Member]
Revenues	179,594	118,433	443,345	256,540
Depreciation and amortization expense	641	603	1,796	1,780
Adjusted EBITDA	24,689	7,243	39,585	20,205
Segment assets	147,168	109,139	147,168	109,139
Capital expenditures	1,166	250	1,864	1,815
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Fleet Vehicle Sales [Member]
Revenues	172,530	91,984	381,429	194,917
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Emergency Response Vehicles Sales [Member]
Revenues
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Motorhome Chassis [Member]
Revenues
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Other Specialty Vehicles [Member]
Revenues
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	7,064	26,449	61,916	61,623
Operating Segments [Member] | Emergency Response Vehicles [Member]
Revenues	64,241	60,263	194,260	186,591
Depreciation and amortization expense	731	625	2,146	1,877
Adjusted EBITDA	(1,063)	601	(2,243)	2,038
Segment assets	136,759	139,060	136,759	139,060
Capital expenditures	257	304	465	459
Operating Segments [Member] | Emergency Response Vehicles [Member] | Fleet Vehicle Sales [Member]
Revenues
Operating Segments [Member] | Emergency Response Vehicles [Member] | Emergency Response Vehicles Sales [Member]
Revenues	60,874	57,549	184,109	178,592
Operating Segments [Member] | Emergency Response Vehicles [Member] | Motorhome Chassis [Member]
Revenues
Operating Segments [Member] | Emergency Response Vehicles [Member] | Other Specialty Vehicles [Member]
Revenues
Operating Segments [Member] | Emergency Response Vehicles [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	3,367	2,714	10,151	7,999
Operating Segments [Member] | Specialty Chassis and Vehicles [Member]
Revenues	45,116	51,675	138,516	147,390
Depreciation and amortization expense	372	357	1,119	1,092
Adjusted EBITDA	4,079	5,919	14,128	13,431
Segment assets	159,295	41,545	159,295	41,545
Capital expenditures	1,184	19	1,490	116
Operating Segments [Member] | Specialty Chassis and Vehicles [Member] | Fleet Vehicle Sales [Member]
Revenues		4,188	5,271	7,318
Operating Segments [Member] | Specialty Chassis and Vehicles [Member] | Emergency Response Vehicles Sales [Member]
Revenues
Operating Segments [Member] | Specialty Chassis and Vehicles [Member] | Motorhome Chassis [Member]
Revenues	33,038	38,892	101,824	115,643
Operating Segments [Member] | Specialty Chassis and Vehicles [Member] | Other Specialty Vehicles [Member]
Revenues	9,377	5,453	23,705	16,568
Operating Segments [Member] | Specialty Chassis and Vehicles [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	2,701	3,142	7,716	7,861
Consolidation, Eliminations [Member]
Revenues		(4,188)	(5,271)	(7,318)
Consolidation, Eliminations [Member] | Other Segments [Member]
Revenues		(4,188)	(5,271)	(7,318)
Depreciation and amortization expense	947	1,015	2,670	2,889
Adjusted EBITDA	(8,507)	(3,180)	(18,154)	(10,601)
Segment assets	69,390	60,151	69,390	60,151
Capital expenditures	1,176	2,739	3,685	5,005
Consolidation, Eliminations [Member] | Other Segments [Member] | Fleet Vehicle Sales [Member]
Revenues		(4,188)	(5,271)	(7,318)
Consolidation, Eliminations [Member] | Other Segments [Member] | Emergency Response Vehicles Sales [Member]
Revenues
Consolidation, Eliminations [Member] | Other Segments [Member] | Motorhome Chassis [Member]
Revenues
Consolidation, Eliminations [Member] | Other Segments [Member] | Other Specialty Vehicles [Member]
Revenues
Consolidation, Eliminations [Member] | Other Segments [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues

Note 11 - Business Segments - R

Note 11 - Business Segments - Reconciliation of Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Total segment adjusted EBITDA	$ 27,705	$ 13,763	$ 51,470	$ 35,674
Interest expense	(144)	(225)	(831)	(817)
Depreciation and amortization expense	(2,691)	(2,600)	(7,731)	(7,638)
Restructuring expense	(371)	(501)	(553)	(1,317)
Acquisition related expenses including stock compensation	(1,684)	(267)	(2,474)	(802)
Litigation expense		(321)	(52)	(321)
Nebraska flooding expenses			(123)
Recall expense			(777)
Recall expense		(112)		331
Long-term strategic planning expense		(277)		(995)
Executive compensation plan expense	(531)		(804)
Impact of acquisition adjustments for net working capital and contingent liability				2,193
Joint venture inventory adjustment			(216)
Consolidated income before taxes	13,839	6,280	19,742	15,707
Corporate, Non-Segment [Member]
Unallocated corporate expenses	$ (8,445)	$ (3,180)	$ (18,167)	$ (10,601)