The Shyft Group, Inc. (SHYF) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0000743238
Entity Registrant Name	SHYFT GROUP, INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-33582
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	38-2078923
Entity Address, Address Line One	41280 Bridge Street
Entity Address, City or Town	Novi
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48375
City Area Code	517
Local Phone Number	543-6400
Title of 12(b) Security	Common Stock
Trading Symbol	SHYF
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,319,651

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 10,049	$ 20,995
Accounts receivable, less allowance of $115 and $116	83,610	64,695
Contract assets	20,648	9,414
Inventories, net	58,543	46,428
Other receivables – chassis pool agreements	24,998	6,503
Other current assets	8,274	8,172
Total current assets	206,122	156,207
Property, plant and equipment, net	51,560	45,734
Right of use assets – operating leases	41,470	43,430
Goodwill	49,177	49,481
Intangible assets, net	55,553	56,386
Other assets	2,026	2,052
Net deferred tax asset	5,625	5,759
TOTAL ASSETS	411,533	359,049
Current liabilities:
Accounts payable	76,470	47,487
Accrued warranty	6,320	5,633
Accrued compensation and related taxes	14,758	17,134
Deposits from customers	463	756
Operating lease liability	7,228	7,508
Other current liabilities and accrued expenses	10,547	8,121
Short-term debt – chassis pool agreements	24,998	6,503
Current portion of long-term debt	221	221
Total current liabilities	141,005	93,363
Other non-current liabilities	5,406	5,447
Long-term operating lease liability	34,992	36,662
Long-term debt, less current portion	23,304	23,418
Total liabilities	204,707	158,890
Commitments and contingent liabilities
Shareholders’ equity:
Preferred stock; 2,000 shares authorized (none issued)	0	0
Common stock; 80,000 shares authorized; 35,308 and 35,344 outstanding	90,171	91,044
Retained earnings	116,791	109,286
Total The Shyft Group, Inc. shareholders’ equity	206,962	200,330
Non-controlling interest	(136)	(171)
Total shareholders’ equity	206,826	200,159
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 411,533	$ 359,049

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts receivable, allowance	$ 115	$ 116
Preferred stock, authorized (in shares)	2,000	2,000
Preferred stock, issued (in shares)	0	0
Common stock, shares authorized (in shares)	80,000	80,000
Common stock, shares outstanding (in shares)	35,308	35,344

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Sales	$ 197,888	$ 176,948
Cost of products sold	157,902	140,647
Gross profit	39,986	36,301
Operating expenses:
Research and development	782	1,541
Selling, general and administrative	24,537	21,400
Total operating expenses	25,319	22,941
Operating income	14,667	13,360
Other income (expense):
Interest income (expense)	170	(731)
Interest and other income (expense)	183	(510)
Total other income (expense)	353	(1,241)
Income from continuing operations before income taxes	15,020	12,119
Income tax expense	3,490	377
Income from continuing operations	11,530	11,742
Income (loss) from discontinued operations, net of income taxes	81	(3,864)
Net income	11,611	7,878
Less: net income attributable to non-controlling interest	35	67
Net income attributable to The Shyft Group Inc.	$ 11,576	$ 7,811
Basic earnings (loss) per share
Continuing operations, Basic (in dollars per share)	$ 0.33	$ 0.33
Discontinued operations, Basic (in dollars per share)	0	(0.11)
Basic earnings per share (in dollars per share)	0.33	0.22
Diluted earnings (loss) per share
Continuing operations, Diluted (in dollars per share)	0.32	0.33
Discontinued operations, Diluted (in dollars per share)	0	(0.11)
Diluted earnings per share (in dollars per share)	$ 0.32	$ 0.22
Basic weighted average common shares outstanding (in shares)	35,312	35,401
Diluted weighted average common shares outstanding (in shares)	36,191	35,664

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 11,611	$ 7,878
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	2,571	2,801
Non-cash stock based compensation expense	1,642	2,132
Deferred income taxes	134	11,396
Loss on sale of business	0	2,138
(Gain) on disposal of assets	(142)	0
Changes in accounts receivable and contract assets	(30,149)	(16,380)
Changes in inventories	(12,115)	(3,686)
Changes in accounts payable	27,472	472
Changes in accrued compensation and related taxes	(4,736)	(6,140)
Changes in accrued warranty	686	(538)
Change in other assets and liabilities	1,723	(17,141)
Net cash used in operating activities	(1,303)	(17,068)
Cash flows from investing activities:
Purchases of property, plant and equipment	(5,914)	(2,433)
Acquisition of business, net of cash acquired	404	0
Proceeds from sale of business	0	55,000
Net cash provided by (used in) investing activities	(5,510)	52,567
Cash flows from financing activities:
Proceeds from long-term debt	0	16,000
Payments on long-term debt	0	(30,000)
Payment of dividends	(889)	0
Purchase and retirement of common stock	(3,348)	0
Exercise and vesting of stock incentive awards	104	55
Net cash used in financing activities	(4,133)	(13,945)
Net increase (decrease) in cash and cash equivalents	(10,946)	21,554
Cash and cash equivalents at beginning of period	20,995	19,349
Cash and cash equivalents at end of period	$ 10,049	$ 40,903

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock Including Additional Paid in Capital [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2019	35,344
Balance at Dec. 31, 2019	$ 353	$ 85,148	$ 86,764	$ (518)	$ 171,747
Issuance of common stock and tax impact of stock incentive plan (in shares)	4
Issuance of common stock and tax impact of stock incentive plan	$ 0	55	0	0	55
Issuance of restricted stock, net of cancellation (in shares)	127
Issuance of restricted stock, net of cancellation	$ 1	0	0	0	1
Non-cash stock based compensation expense	0	2,132	0	0	2,132
Net income (loss)	$ 0	0	7,811	67	7,878
Balance (in shares) at Mar. 31, 2020	35,475
Balance at Mar. 31, 2020	$ 354	$ 87,335	94,575	(451)	181,813
Balance (in shares) at Dec. 31, 2020	35,344
Balance at Dec. 31, 2020	$ 91,044		109,286	(171)	200,159
Issuance of common stock and tax impact of stock incentive plan (in shares)	3
Issuance of common stock and tax impact of stock incentive plan	$ (2,255)		0	0	(2,255)
Dividends declared	$ 0		(983)	0	(983)
Purchase and retirement of common stock (in shares)	(100)
Purchase and retirement of common stock	$ (260)		(3,088)	0	(3,348)
Issuance of restricted stock, net of cancellation (in shares)	61
Issuance of restricted stock, net of cancellation	$ 0		0	0	0
Non-cash stock based compensation expense	1,642		0	0	1,642
Net income (loss)	$ 0		11,576	35	11,611
Balance (in shares) at Mar. 31, 2021	35,308
Balance at Mar. 31, 2021	$ 90,171		$ 116,791	$ (136)	$ 206,826

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parentheticals)	3 Months Ended
	Mar. 31, 2021$ / shares
Dividends declared (in dollars per share)	$ 0.25

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE 1 – N ATURE OF OPERATIONS AND BASIS OF PRESENTATION For a description of key accounting policies followed, refer to the notes to The Shyft Group, Inc. consolidated financial statements for the year ended December 31, 2020, 10 March 25, 2021. Nature of Operations 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 upfit segments) and recreational vehicle industries. Our products include walk-in vans and truck bodies used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, luxury Class A diesel motor home chassis 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, The Shyft Group USA, Inc., with locations in Novi and Charlotte, Michigan; Bristol, Indiana; Waterville, Maine; Ephrata, Pennsylvania; North Charleston, South Carolina; Pompano Beach and West Palm Beach, Florida; Kansas City, Missouri; Montebello, Carson and McClellan Park, California; Mesa, Arizona; Dallas and Weatherford, Texas; and Saltillo, Mexico. 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 March 31, 2021, three March 31, 2021. 10 December 31, 2020. three March 31, 2021 not Recent Developments On January 30, 2020, 19” March 11, 2020, 19 19, March 23, 2020 third 2020, may 19 The full impact of the COVID- 19 19 not 19 On October 1, 2020, F3 2019 Recently Adopted Accounting Standards Effective January 1, 2021, 2019 12 740 740 2019 12 not Supplemental Disclosures of Cash Flow Information Non-cash investing in the first 2021 5 Debt

Note 2 - Discontinued Operation

Note 2 - Discontinued Operations	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 2 On February 1, 2020, September 2020, October 1, 2020. three March 31, 2020, three March 31, 2021 2020, three March 31, 2020. may 2022. The Loss from discontinued operations presented in the Condensed Consolidated Statement of Operations for the three March 31, 2021 2020 Three Months Ended March 31, 2021 2020 Sales $ - $ 19,167 Cost of products sold - 18,678 Gross profit - 489 Operating expenses - 4,123 Operating loss - (3,634 ) Other income (expense) 109 (2,138 ) Loss from discontinued operations before taxes 109 (5,772 ) Income tax (expense) benefit (28 ) 1,908 Net income (loss) from discontinued operations $ 81 $ (3,864 ) Total depreciation and amortization and capital expenditures for the discontinued operations for the three March 31, 2021 2020 Three Months Ended March 31, 2021 2020 Depreciation and amortization $ - $ 284 Capital expenditures $ - $ 84 THE SHYFT GROUP, INC. AND SUBSIDIARIES

Note 3 - Acquisition Activities

Note 3 - Acquisition Activities	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 3 – ACQUISITION ACTIVITIES On October 1, 2020, F3 January 2021, 5 Debt Purchase Price Allocation The DuraMag 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, DuraMag and Magnum trade names and trademarks, unpatented 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 $5,697 was recorded as goodwill, which is expected to be deductible for tax purposes. The fair values of the net assets acquired were based on a preliminary valuation and the estimates and assumptions are subject to change within the measurement period. The Company will finalize the purchase price allocation for adjustments related to accrued warranty and certain other liabilities that we believe to be insignificant as soon as practicable within the measurement period, but in no one As of March 31, 2021, Accounts receivable $ 2,230 Inventories 3,659 Other current assets 15 Property, plant and equipment 2,949 Right of use assets-operating leases 8,469 Intangible assets 5,590 Goodwill 5,697 Total assets acquired 28,609 Accounts payable (1,662 ) Accrued compensation and related taxes (434 ) Current operating lease liabilities (644 ) Other current liabilities and accrued expenses (241 ) Long-term operating lease liability (7,825 ) Long-term debt (4 ) Total liabilities assumed (10,810 ) Total purchase price $ 17,799 Goodwill and Intangible Assets Assigned Intangible assets totaling $5,590 have provisionally been assigned to customer relationships, trade names and trademarks, unpatented technology and non-competition agreements as a result of the acquisition and consist of the following (in thousands): Amount Useful Life Customer relationships $ 2,200 15 Years Trade names and trademarks 2,420 Indefinite Unpatented technology 540 9 Years Non-competition agreements 430 6 Years $ 5,590 The Company amortizes the customer relationships utilizing an accelerated approach and unpatented technology and non-competition agreements assets utilizing a straight-line approach. Amortization expense, including the intangible assets, recorded from the DuraMag acquisition is $70 for the quarter ended March 31, 2021. 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. Due to its insignificant size relative to the Company, supplemental pro forma financial information of the combined entity for the prior reporting period is not

Note 4 - Inventories

Note 4 - Inventories	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 4 – INVENTORIES Inventories are summarized as follows: March 31, 2021 December 31, 2020 Finished goods $ 5,797 $ 4,200 Work in process 2,989 1,908 Raw materials and purchased components 55,427 46,576 Reserve (5,670 ) (6,256 ) Total inventories, net $ 58,543 $ 46,428

Note 5 - Debt

Note 5 - Debt	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 5 – DEBT Short-term debt consists of the following: March 31, 2021 December 31, 2020 Chassis pool agreements $ 24,998 $ 6,503 Total short-term debt $ 24,998 $ 6,503 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 March 31, 2021 December 31, 2020, Other receivables – chassis pool agreements Short-term debt – chassis pool agreements 90 Long-term debt consists of the following: March 31, 2021 December 31, 2020 Line of credit revolver $ 22,400 $ 22,400 Finance lease obligation 421 473 Other 704 766 Total debt 23,525 23,639 Less current portion of long-term debt (221 ) (221 ) Total long-term debt $ 23,304 $ 23,418 Line of Credit Revolver On August 8, 2018, May 14, 2019, September 9, 2019 September 25, 2019 January 31, 2020, fourth not fourth As a result, at March 31, 2021, may August 8, 2023. may one 1.0%; one March 31, 2021. March 31, 2021 December 31, 2020, Effective April 20, 2021, fifth not fifth Under the terms of our Credit Agreement, available borrowings (exclusive of outstanding borrowings) totaled $125,951 and $125,836 at March 31, 2021 December 31, 2020, March 31, 2021 December 31, 2020,

Note 6 - Revenue

Note 6 - Revenue	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 6 – REVENUE The tables below disclose changes in contract assets and liabilities for the three March 31, 2021 2020. March 31, 2021 March 31, 2020 Contract Assets Contract assets, beginning of period $ 9,414 $ 10,898 Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional (8,977 ) (10,623 ) Contract assets recognized, net of reclassification to receivables 20,211 14,370 Contract assets, end of period $ 20,648 $ 14,645 Contract Liabilities Contract liabilities, beginning of period $ 756 $ 2,640 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (567 ) (2,384 ) Cash received in advance and not recognized as revenue 274 835 Contract liabilities, end of period $ 463 $ 1,091 The aggregate amount of the transaction price allocated to remaining performance obligations in existing contracts that are yet to be completed in the Fleet Vehicles and Services (“FVS”) and Specialty Vehicles (“SV”) segments are $589,604 and $76,896 respectively, with substantially all revenue expected to be recognized within one March 31, 2021. In the following tables, revenue is disaggregated by primary geographical market and timing of revenue recognition for the three March 31, 2021 2020. Three Months Ended March 31, 2021 FVS SV Total Reportable Segments Other Total Primary geographical markets United States $ 129,079 $ 66,196 $ 195,275 $ - $ 195,275 Other 2,594 19 2,613 - 2,613 Total sales $ 131,673 $ 66,215 $ 197,888 $ - $ 197,888 Timing of revenue recognition Products transferred at a point in time $ 9,757 $ 39,337 $ 49,094 $ - $ 49,094 Products and services transferred over time 121,916 26,878 148,794 - 148,794 Total sales $ 131,673 $ 66,215 $ 197,888 $ - $ 197,888 Three Months Ended March 31, 2020 FVS SV Total Reportable Segments Other Total Primary geographical markets United States $ 132,897 $ 41,075 $ 173,972 $ - $ 173,972 Other 2,791 185 2,976 - 2,976 Total sales $ 135,688 $ 41,260 $ 176,948 $ - $ 176,948 Timing of revenue recognition Products transferred at a point in time $ 22,257 $ 24,734 $ 46,991 $ - $ 46,991 Products and services transferred over time 113,431 16,526 129,957 - 129,957 Total sales $ 135,688 $ 41,260 $ 176,948 $ - $ 176,948

Note 7 - Property, Plant and Eq

Note 7 - Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 7 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are summarized by major classifications as follows: March 31, 2021 December 31, 2020 Land and improvements $ 8,721 $ 8,721 Buildings and improvements 41,045 40,077 Plant machinery and equipment 41,954 41,054 Furniture and fixtures 16,512 16,259 Vehicles 2,571 2,404 Construction in process 14,076 8,724 Subtotal 124,879 117,239 Less accumulated depreciation (73,319 ) (71,505 ) Total property, plant and equipment, net $ 51,560 $ 45,734 We recorded depreciation expense of $1,741 and $1,814 during the three March 31, 2021 2020,

Note 8 - Leases

Note 8 - Leases	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	NOTE 8 – LEASES We have operating and finance leases for land, buildings and certain equipment. Our leases have remaining lease terms of one not 5 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: Three Months Ended March 31, 2021 2020 Operating leases $ 1,954 $ 1,596 Short-term leases (1) 38 16 Total lease expense $ 1,992 $ 1,612 ( 1 not one The weighted average remaining lease term and weighted average discount rate were as follows: Three Months Ended March 31, 2021 2020 Weighted average remaining lease term of operating leases (in years) 9.3 8.3 Weighted average discount rate of operating leases 3.1 % 3.8 % Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow for operating leases $ 1,914 $ 1,641 Right of use assets obtained in exchange for lease obligations: Operating leases $ 60 $ - Finance leases $ - $ 136 Maturities of operating lease liabilities as of March 31, 2021 Years ending December 31: 2021 (1) $ 5,630 2022 6,700 2023 6,511 2024 6,356 2025 5,676 Thereafter 17,817 Total lease payments 48,690 Less: imputed interest (6,470 ) Total lease liabilities $ 42,220 ( 1 three March 31, 2021.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 9 COMMITMENTS AND CONTINGENT LIABILITIES Under the terms of the Credit Agreement we have the ability to issue letters of credit totaling $20,000. We had outstanding letters of credit totaling $525 at March 31, 2021 December 31, 2020 At March 31, 2021, 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. An estimate of possible penalty or loss, if any, cannot be made at this time. Changes in our warranty liability during the three March 31, 2021 2020 Three Months Ended March 31, 2021 2020 Balance of accrued warranty at January 1 $ 5,633 $ 5,694 Provisions for current period sales 824 565 Cash settlements (814 ) (548 ) Changes in liability for pre-existing warranties 677 (556 ) Balance of accrued warranty at March 31 $ 6,320 $ 5,155 Spartan-Gimaex Joint Venture In February 2015, June 2015, February 2017, 2019, April 2020, no 10 may may not EPA Information Request In May 2020, January 1, 2017 May 2020. third 2020.

Note 10 - Taxes on Income

Note 10 - Taxes on Income	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10 – TAXES ON INCOME Our effective income tax rate was 23.2% and 3.1% for the three March 31, 2021 2020, The effective tax rate of 23.2% three March 31, 2021 The effective tax rate for the three March 31, 2020 March 27, 2020, five 2018 2020. first 2020 2019. 2018 21% first 2020.

Note 11 - Business Segments

Note 11 - Business Segments	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 11 We identify our reportable segments based on our management structure and the financial data utilized by our chief operating decision maker to assess segment performance and allocate resources among our operating units. We have two We evaluate the performance of our reportable segments based on Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) and it is calculated by excluding items that we believe to be infrequent or not not The accounting policies of the segments are the same as those described, or referred to, in "Note 1 – Nature of Operations and Basis of Presentation not not Three Months Ended March 31 , 20 21 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 124,875 $ - $ - $ 124,875 Motor home chassis sales - 35,268 - 35,268 Other specialty vehicle sales - 26,879 - 26,879 Aftermarket parts and accessories sales 6,798 4,068 - 4,068 Total sales $ 131,673 $ 66,215 $ - $ 197,888 Depreciation and amortization expense $ 641 $ 1,587 $ 343 $ 2,571 Adjusted EBITDA 18,210 7,016 (6,055 ) 19,171 Segment assets 179,218 197,374 34,941 411,533 Capital expenditures 4,779 2,368 292 7,439 Three Months Ended March 31, 2020 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 123,973 $ - $ - $ 123,973 Motor home chassis sales - 22,602 - 22,602 Other specialty vehicle sales - 16,786 - 16,786 Aftermarket parts and accessories sales 11,715 1,872 - 13,587 Total sales $ 135,688 $ 41,260 $ - $ 176,948 Depreciation and amortization expense $ 800 $ 1,190 $ 527 $ 2,517 Adjusted EBITDA 21,736 3,721 (7,081 ) 18,376 Segment assets 154,897 130,844 102,807 388,548 Capital expenditures 890 1,130 329 2,349 The table below presents the reconciliation of our income from continuing operations to Adjusted EBITDA. Adjusted EBITDA is not not may not may not not Three Months Ended March 31, 2021 2020 Income from continuing operations $ 11,530 $ 11,742 Net (income) attributable to non-controlling interest (35 ) (67 ) Add (subtract): Interest (income) expense (170 ) 731 Depreciation and amortization expense 2,571 2,517 Income tax expense 3,490 377 Restructuring and other related charges - 992 Acquisition related expenses and adjustments 143 93 Non-cash stock based compensation expense 1,642 1,991 Adjusted EBITDA $ 19,171 $ 18,376

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Developments On January 30, 2020, 19” March 11, 2020, 19 19, March 23, 2020 third 2020, may 19 The full impact of the COVID- 19 19 not 19 On October 1, 2020, F3 2019 Recently Adopted Accounting Standards Effective January 1, 2021, 2019 12 740 740 2019 12 not
Supplemental Disclosures of Cash Flow Policy [Policy Text Block]	Supplemental Disclosures of Cash Flow Information Non-cash investing in the first 2021 5 Debt

Note 2 - Discontinued Operati_2

Note 2 - Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three Months Ended March 31, 2021 2020 Sales $ - $ 19,167 Cost of products sold - 18,678 Gross profit - 489 Operating expenses - 4,123 Operating loss - (3,634 ) Other income (expense) 109 (2,138 ) Loss from discontinued operations before taxes 109 (5,772 ) Income tax (expense) benefit (28 ) 1,908 Net income (loss) from discontinued operations $ 81 $ (3,864 ) Three Months Ended March 31, 2021 2020 Depreciation and amortization $ - $ 284 Capital expenditures $ - $ 84

Note 3 - Acquisition Activiti_2

Note 3 - Acquisition Activities (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Accounts receivable $ 2,230 Inventories 3,659 Other current assets 15 Property, plant and equipment 2,949 Right of use assets-operating leases 8,469 Intangible assets 5,590 Goodwill 5,697 Total assets acquired 28,609 Accounts payable (1,662 ) Accrued compensation and related taxes (434 ) Current operating lease liabilities (644 ) Other current liabilities and accrued expenses (241 ) Long-term operating lease liability (7,825 ) Long-term debt (4 ) Total liabilities assumed (10,810 ) Total purchase price $ 17,799
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Amount Useful Life Customer relationships $ 2,200 15 Years Trade names and trademarks 2,420 Indefinite Unpatented technology 540 9 Years Non-competition agreements 430 6 Years $ 5,590

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, 2021 December 31, 2020 Finished goods $ 5,797 $ 4,200 Work in process 2,989 1,908 Raw materials and purchased components 55,427 46,576 Reserve (5,670 ) (6,256 ) Total inventories, net $ 58,543 $ 46,428

Note 5 - Debt (Tables)

Note 5 - Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Short-term Debt [Table Text Block]	March 31, 2021 December 31, 2020 Chassis pool agreements $ 24,998 $ 6,503 Total short-term debt $ 24,998 $ 6,503
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, 2021 December 31, 2020 Line of credit revolver $ 22,400 $ 22,400 Finance lease obligation 421 473 Other 704 766 Total debt 23,525 23,639 Less current portion of long-term debt (221 ) (221 ) Total long-term debt $ 23,304 $ 23,418

Note 6 - Revenue (Tables)

Note 6 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	March 31, 2021 March 31, 2020 Contract Assets Contract assets, beginning of period $ 9,414 $ 10,898 Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional (8,977 ) (10,623 ) Contract assets recognized, net of reclassification to receivables 20,211 14,370 Contract assets, end of period $ 20,648 $ 14,645 Contract Liabilities Contract liabilities, beginning of period $ 756 $ 2,640 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (567 ) (2,384 ) Cash received in advance and not recognized as revenue 274 835 Contract liabilities, end of period $ 463 $ 1,091
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2021 FVS SV Total Reportable Segments Other Total Primary geographical markets United States $ 129,079 $ 66,196 $ 195,275 $ - $ 195,275 Other 2,594 19 2,613 - 2,613 Total sales $ 131,673 $ 66,215 $ 197,888 $ - $ 197,888 Timing of revenue recognition Products transferred at a point in time $ 9,757 $ 39,337 $ 49,094 $ - $ 49,094 Products and services transferred over time 121,916 26,878 148,794 - 148,794 Total sales $ 131,673 $ 66,215 $ 197,888 $ - $ 197,888 Three Months Ended March 31, 2020 FVS SV Total Reportable Segments Other Total Primary geographical markets United States $ 132,897 $ 41,075 $ 173,972 $ - $ 173,972 Other 2,791 185 2,976 - 2,976 Total sales $ 135,688 $ 41,260 $ 176,948 $ - $ 176,948 Timing of revenue recognition Products transferred at a point in time $ 22,257 $ 24,734 $ 46,991 $ - $ 46,991 Products and services transferred over time 113,431 16,526 129,957 - 129,957 Total sales $ 135,688 $ 41,260 $ 176,948 $ - $ 176,948

Note 7 - Property, Plant and _2

Note 7 - Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, 2021 December 31, 2020 Land and improvements $ 8,721 $ 8,721 Buildings and improvements 41,045 40,077 Plant machinery and equipment 41,954 41,054 Furniture and fixtures 16,512 16,259 Vehicles 2,571 2,404 Construction in process 14,076 8,724 Subtotal 124,879 117,239 Less accumulated depreciation (73,319 ) (71,505 ) Total property, plant and equipment, net $ 51,560 $ 45,734

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended March 31, 2021 2020 Operating leases $ 1,954 $ 1,596 Short-term leases (1) 38 16 Total lease expense $ 1,992 $ 1,612 Three Months Ended March 31, 2021 2020 Weighted average remaining lease term of operating leases (in years) 9.3 8.3 Weighted average discount rate of operating leases 3.1 % 3.8 % Three Months Ended March 31, 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow for operating leases $ 1,914 $ 1,641 Right of use assets obtained in exchange for lease obligations: Operating leases $ 60 $ - Finance leases $ - $ 136
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years ending December 31: 2021 (1) $ 5,630 2022 6,700 2023 6,511 2024 6,356 2025 5,676 Thereafter 17,817 Total lease payments 48,690 Less: imputed interest (6,470 ) Total lease liabilities $ 42,220

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended March 31, 2021 2020 Balance of accrued warranty at January 1 $ 5,633 $ 5,694 Provisions for current period sales 824 565 Cash settlements (814 ) (548 ) Changes in liability for pre-existing warranties 677 (556 ) Balance of accrued warranty at March 31 $ 6,320 $ 5,155

Note 11 - Business Segments (Ta

Note 11 - Business Segments (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 124,875 $ - $ - $ 124,875 Motor home chassis sales - 35,268 - 35,268 Other specialty vehicle sales - 26,879 - 26,879 Aftermarket parts and accessories sales 6,798 4,068 - 4,068 Total sales $ 131,673 $ 66,215 $ - $ 197,888 Depreciation and amortization expense $ 641 $ 1,587 $ 343 $ 2,571 Adjusted EBITDA 18,210 7,016 (6,055 ) 19,171 Segment assets 179,218 197,374 34,941 411,533 Capital expenditures 4,779 2,368 292 7,439 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 123,973 $ - $ - $ 123,973 Motor home chassis sales - 22,602 - 22,602 Other specialty vehicle sales - 16,786 - 16,786 Aftermarket parts and accessories sales 11,715 1,872 - 13,587 Total sales $ 135,688 $ 41,260 $ - $ 176,948 Depreciation and amortization expense $ 800 $ 1,190 $ 527 $ 2,517 Adjusted EBITDA 21,736 3,721 (7,081 ) 18,376 Segment assets 154,897 130,844 102,807 388,548 Capital expenditures 890 1,130 329 2,349
Schedule of Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization [Table Text Block]	Three Months Ended March 31, 2021 2020 Income from continuing operations $ 11,530 $ 11,742 Net (income) attributable to non-controlling interest (35 ) (67 ) Add (subtract): Interest (income) expense (170 ) 731 Depreciation and amortization expense 2,571 2,517 Income tax expense 3,490 377 Restructuring and other related charges - 992 Acquisition related expenses and adjustments 143 93 Non-cash stock based compensation expense 1,642 1,991 Adjusted EBITDA $ 19,171 $ 18,376

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Capital Expenditures Incurred but Not yet Paid	$ 2,899

Note 2 - Discontinued Operati_3

Note 2 - Discontinued Operations (Details Textual) - Discontinued Operations, Disposed of by Sale [Member] - Disposal of Emergency Response and Vehicle Business [Member] - USD ($) $ in Thousands	Oct. 01, 2020	Feb. 01, 2020	Mar. 31, 2020
Proceeds from Divestiture of Businesses		$ 55,000
Payments for Divestiture of Businesses After Working Capital Adjustment	$ 7,500
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Total			$ (2,138)

Note 2 - Discontinued Operati_4

Note 2 - Discontinued Operations - Schedule of Discontinued Operations for Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net income (loss) from discontinued operations	$ 81	$ (3,864)
Disposal of Emergency Response and Vehicle Business [Member] | Discontinued Operations, Held-for-sale [Member]
Sales	0	19,167
Cost of products sold	0	18,678
Gross profit	0	489
Operating expenses	0	4,123
Operating loss	0	(3,634)
Other income (expense)	109	(2,138)
Loss from discontinued operations before taxes	109	(5,772)
Income tax (expense) benefit	28	(1,908)
Net income (loss) from discontinued operations	81	(3,864)
Depreciation and amortization	0	284
Capital expenditures	$ 0	$ 84

Note 3 - Acquisition Activiti_3

Note 3 - Acquisition Activities (Details Textual) - USD ($) $ in Thousands	Oct. 01, 2020	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Goodwill, Ending Balance			$ 49,177	$ 49,481
DuraMag [Member]
Payments to Acquire Businesses, Gross	$ 18,203
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred		$ (404)
Goodwill, Ending Balance	5,697
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total	$ 5,590
Amortization of Intangible Assets, Total			$ 70

Note 3 - Acquisition Activiti_4

Note 3 - Acquisition Activities - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Oct. 01, 2020
Goodwill, Ending Balance	$ 49,177	$ 49,481
DuraMag [Member]
Accounts receivable			$ 2,230
Inventories			3,659
Other current assets			15
Property, plant and equipment			2,949
Right of use assets-operating leases			8,469
Intangible assets			5,590
Goodwill, Ending Balance			5,697
Total assets acquired			28,609
Accounts payable			(1,662)
Accrued compensation and related taxes			(434)
Current operating lease liabilities			(644)
Other current liabilities and accrued expenses			(241)
Long-term operating lease liability			(7,825)
Long-term debt			(4)
Total liabilities assumed			(10,810)
Total purchase price			$ 17,799

Note 3 - Acquisition Activiti_5

Note 3 - Acquisition Activities - Intangible Assets (Details) - DuraMag [Member] $ in Thousands	Oct. 01, 2020USD ($)
Amount	$ 5,590
Trademarks and Trade Names [Member]
Trade names and trademarks	2,420
Customer Relationships [Member]
Amount	$ 2,200
Useful Life (Year)	15 years
Unpatented Technology [Member]
Amount	$ 540
Useful Life (Year)	9 years
Noncompete Agreements [Member]
Amount	$ 430
Useful Life (Year)	6 years

Note 4 - Inventories - Summary

Note 4 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Finished goods	$ 5,797	$ 4,200
Work in process	2,989	1,908
Raw materials and purchased components	55,427	46,576
Reserve	(5,670)	(6,256)
Total inventories, net	$ 58,543	$ 46,428

Note 5 - Debt (Details Textual)

Note 5 - Debt (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Apr. 20, 2021	Dec. 31, 2020
Short-term Debt, Total	$ 24,998		$ 6,503
Letters of Credit Outstanding, Amount	525		525
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	20,000
Lenders [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	175,000
Line of Credit Facility, Potential Increase Borrowing Capacity	$ 50,000
Debt Instrument Reference Rate Term (Month)	1 month
Debt Instrument, Interest Rate During Period	1.38%
Line of Credit Facility, Current Borrowing Capacity	$ 125,951		125,836
Lenders [Member] | Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
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
Lenders [Member] | Swing Line Loans [Member]
Line of Credit Facility, Maximum Borrowing Capacity	30,000
Lenders [Member] | Swing Line Loans [Member] | Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 40,000
Chassis Pool Agreements [Member]
Short-term Debt, Total	$ 24,998		$ 6,503

Note 5 - Debt - Short-term Debt

Note 5 - Debt - Short-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Short-term debt	$ 24,998	$ 6,503
Chassis Pool Agreements [Member]
Short-term debt	$ 24,998	$ 6,503

Note 5 - Debt - Schedule of Lon

Note 5 - Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Line of credit revolver	$ 22,400	$ 22,400
Finance lease obligation	421	473
Other	704	766
Total debt	23,525	23,639
Less current portion of long-term debt	(221)	(221)
Total long-term debt	$ 23,304	$ 23,418

Note 6 - Revenue (Details Textu

Note 6 - Revenue (Details Textual) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 $ in Thousands	Mar. 31, 2021USD ($)
Fleet Vehicles and Services [Member]
Revenue, Remaining Performance Obligation, Amount	$ 589,604
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Specialty Vehicles [Member]
Revenue, Remaining Performance Obligation, Amount	$ 76,896
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year

Note 6 - Revenue - Contract Ass

Note 6 - Revenue - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Contract assets, beginning of period	$ 9,414	$ 10,898
Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional	(8,977)	(10,623)
Contract assets recognized, net of reclassification to receivables	20,211	14,370
Contract assets, end of period	20,648	14,645
Contract liabilities, beginning of period	756	2,640
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied	(567)	(2,384)
Cash received in advance and not recognized as revenue	274	835
Contract liabilities, end of period	$ 463	$ 1,091

Note 6 - Revenue - Disaggregate

Note 6 - Revenue - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 197,888	$ 176,948
Transferred at Point in Time [Member]
Revenues	49,094	46,991
Transferred over Time [Member]
Revenues	148,794	129,957
Operating Segments [Member]
Revenues	197,888	176,948
Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	49,094	46,991
Operating Segments [Member] | Transferred over Time [Member]
Revenues	148,794	129,957
Consolidation, Eliminations [Member]
Revenues	0	0
Consolidation, Eliminations [Member] | Transferred at Point in Time [Member]
Revenues	0	0
Consolidation, Eliminations [Member] | Transferred over Time [Member]
Revenues	0	0
Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	131,673	135,688
Fleet Vehicles and Services [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	9,757	22,257
Fleet Vehicles and Services [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	121,916	113,431
Specialty Vehicles [Member] | Operating Segments [Member]
Revenues	66,215	41,260
Specialty Vehicles [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	39,337	24,734
Specialty Vehicles [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	26,878	16,526
UNITED STATES
Revenues	195,275	173,972
UNITED STATES | Operating Segments [Member]
Revenues	195,275	173,972
UNITED STATES | Consolidation, Eliminations [Member]
Revenues	0	0
UNITED STATES | Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	129,079	132,897
UNITED STATES | Specialty Vehicles [Member] | Operating Segments [Member]
Revenues	66,196	41,075
Non-US [Member]
Revenues	2,613	2,976
Non-US [Member] | Operating Segments [Member]
Revenues	2,613	2,976
Non-US [Member] | Consolidation, Eliminations [Member]
Revenues	0	0
Non-US [Member] | Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	2,594	2,791
Non-US [Member] | Specialty Vehicles [Member] | Operating Segments [Member]
Revenues	$ 19	$ 185

Note 7 - Property, Plant and _3

Note 7 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Depreciation, Total	$ 1,741	$ 1,814

Note 7 - Property, Plant and _4

Note 7 - Property, Plant and Equipment - Summary of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property, plant and equipment, gross	$ 124,879	$ 117,239
Less accumulated depreciation	(73,319)	(71,505)
Total property, plant and equipment, net	51,560	45,734
Land and Land Improvements [Member]
Property, plant and equipment, gross	8,721	8,721
Building and Building Improvements [Member]
Property, plant and equipment, gross	41,045	40,077
Machinery and Equipment [Member]
Property, plant and equipment, gross	41,954	41,054
Furniture and Fixtures [Member]
Property, plant and equipment, gross	16,512	16,259
Vehicles [Member]
Property, plant and equipment, gross	2,571	2,404
Construction in Progress [Member]
Property, plant and equipment, gross	$ 14,076	$ 8,724

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual)	3 Months Ended
	Mar. 31, 2021
Minimum [Member]
Leases, Remaining Lease Terms (Year)	1 year
Maximum [Member]
Leases, Remaining Lease Terms (Year)	19 years
Lessee, Operating Lease, Renewal Term (Year)	15 years

Note 8 - Leases - Lease Expense

Note 8 - Leases - Lease Expense and Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Operating leases		$ 1,954	$ 1,596
Short-term leases(1)	[1]	38	16
Total lease expense		$ 1,992	$ 1,612
Weighted average remaining lease term of operating leases (in years) (Year)		9 years 3 months 18 days	8 years 3 months 18 days
Weighted average discount rate of operating leases		3.10%	3.80%
Operating cash flow for operating leases		$ 1,914	$ 1,641
Operating leases		60	0
Finance leases		$ 0	$ 136
[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 8 - Leases - Future Minimu

Note 8 - Leases - Future Minimum Operating Lease Commitments Under Non-cancelable Operating Lease (Details) $ in Thousands	Mar. 31, 2021USD ($)
2021(1)	$ 5,630
2022	6,700
2023	6,511
2024	6,356
2025	5,676
Thereafter	17,817
Total lease payments	48,690
Less: imputed interest	(6,470)
Total lease liabilities	$ 42,220

Note 9 - Commitments and Cont_3

Note 9 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Letters of Credit Outstanding, Amount	$ 525	$ 525
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000

Note 9 - Commitments and Cont_4

Note 9 - Commitments and Contingent Liabilities - Changes in Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Balance of accrued warranty	$ 5,633	$ 5,694
Provisions for current period sales	824	565
Cash settlements	(814)	(548)
Changes in liability for pre-existing warranties	677	(556)
Balance of accrued warranty	$ 6,320	$ 5,155

Note 10 - Taxes on Income (Deta

Note 10 - Taxes on Income (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent, Total	23.20%	3.10%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		35.00%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$ 468
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 2,610

Note 11 - Business Segments (De

Note 11 - Business Segments (Details Textual)	3 Months Ended
	Mar. 31, 2021
Number of Reportable Segments	2

Note 11 - Business Segments - S

Note 11 - Business Segments - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues	$ 197,888	$ 176,948
Depreciation and amortization expense	2,571	2,801
Segment assets	411,533		$ 359,049
Capital expenditures	5,914	2,433
Continuing Operations [Member]
Revenues	197,888	176,948
Depreciation and amortization expense	2,571	2,517
Adjusted EBITDA	19,171	18,376
Segment assets	411,533	388,548
Capital expenditures	7,439	2,349
Fleet Vehicle Sales [Member] | Continuing Operations [Member]
Revenues	124,875	123,973
Motorhome Chassis [Member] | Continuing Operations [Member]
Revenues	35,268	22,602
Other Specialty Vehicles [Member] | Continuing Operations [Member]
Revenues	26,879	16,786
Aftermarket Parts and Accessories Sales [Member] | Continuing Operations [Member]
Revenues	4,068	13,587
Operating Segments [Member]
Revenues	197,888	176,948
Operating Segments [Member] | Fleet Vehicles and Services [Member]
Revenues	131,673	135,688
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Continuing Operations [Member]
Revenues	131,673	135,688
Depreciation and amortization expense	641	800
Adjusted EBITDA	18,210	21,736
Segment assets	179,218	154,897
Capital expenditures	4,779	890
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Fleet Vehicle Sales [Member] | Continuing Operations [Member]
Revenues	124,875	123,973
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Motorhome Chassis [Member] | Continuing Operations [Member]
Revenues	0	0
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Other Specialty Vehicles [Member] | Continuing Operations [Member]
Revenues	0	0
Operating Segments [Member] | Fleet Vehicles and Services [Member] | Aftermarket Parts and Accessories Sales [Member] | Continuing Operations [Member]
Revenues	6,798	11,715
Operating Segments [Member] | Specialty Vehicles [Member]
Revenues	66,215	41,260
Operating Segments [Member] | Specialty Vehicles [Member] | Continuing Operations [Member]
Revenues	66,215	41,260
Depreciation and amortization expense	1,587	1,190
Adjusted EBITDA	7,016	3,721
Segment assets	197,374	130,844
Capital expenditures	2,368	1,130
Operating Segments [Member] | Specialty Vehicles [Member] | Fleet Vehicle Sales [Member] | Continuing Operations [Member]
Revenues	0	0
Operating Segments [Member] | Specialty Vehicles [Member] | Motorhome Chassis [Member] | Continuing Operations [Member]
Revenues	35,268	22,602
Operating Segments [Member] | Specialty Vehicles [Member] | Other Specialty Vehicles [Member] | Continuing Operations [Member]
Revenues	26,879	16,786
Operating Segments [Member] | Specialty Vehicles [Member] | Aftermarket Parts and Accessories Sales [Member] | Continuing Operations [Member]
Revenues	4,068	1,872
Consolidation, Eliminations [Member]
Revenues	0	0
Consolidation, Eliminations [Member] | Continuing Operations [Member]
Revenues	0	0
Depreciation and amortization expense	343	527
Adjusted EBITDA	(6,055)	(7,081)
Segment assets	34,941	102,807
Capital expenditures	292	329
Consolidation, Eliminations [Member] | Fleet Vehicle Sales [Member] | Continuing Operations [Member]
Revenues	0	0
Consolidation, Eliminations [Member] | Motorhome Chassis [Member] | Continuing Operations [Member]
Revenues	0	0
Consolidation, Eliminations [Member] | Other Specialty Vehicles [Member] | Continuing Operations [Member]
Revenues	0	0
Consolidation, Eliminations [Member] | Aftermarket Parts and Accessories Sales [Member] | Continuing Operations [Member]
Revenues	$ 0	$ 0

Note 11 - Business Segments - R

Note 11 - Business Segments - Reconciliation of Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net (income) attributable to non-controlling interest	$ (35)	$ (67)
Interest (income) expense	(170)	731
Depreciation and amortization expense	2,571	2,801
Income tax expense	3,490	377
Continuing Operations [Member]
Income from continuing operations	11,530	11,742
Net (income) attributable to non-controlling interest	(35)	(67)
Interest (income) expense	(170)	731
Depreciation and amortization expense	2,571	2,517
Income tax expense	3,490	377
Restructuring and other related charges	0	992
Acquisition related expenses and adjustments	143	93
Non-cash stock based compensation expense	1,642	1,991
Adjusted EBITDA	$ 19,171	$ 18,376