The Shyft Group, Inc. (SHYF) 10-Q 28 Jul 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 22, 2022
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	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,069,522

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 6,607	$ 37,158
Accounts receivable, less allowance of $162 and $187	79,241	87,262
Contract assets	42,368	21,483
Inventories	102,010	67,184
Other receivables – chassis pool agreements	23,636	9,926
Other current assets	13,698	10,813
Total current assets	267,560	233,826
Property, plant and equipment, net	66,169	61,057
Right of use assets – operating leases	54,426	43,316
Goodwill	48,880	48,880
Intangible assets, net	51,029	52,981
Net deferred tax assets	5,312	4,880
Other assets	1,637	2,927
TOTAL ASSETS	495,013	447,867
Current liabilities:
Accounts payable	90,259	82,442
Accrued warranty	5,596	5,975
Accrued compensation and related taxes	12,918	19,064
Contract liabilities	1,359	988
Operating lease liability	9,706	7,934
Other current liabilities and accrued expenses	9,856	9,256
Short-term debt – chassis pool agreements	23,636	9,926
Current portion of long-term debt	192	252
Total current liabilities	153,522	135,837
Other non-current liabilities	7,004	8,108
Long-term operating lease liability	46,188	36,329
Long-term debt, less current portion	55,263	738
Total liabilities	261,977	181,012
Commitments and contingent liabilities
Shareholders' equity:
Preferred stock, no par value: 2,000 shares authorized (none issued)	0	0
Common stock, no par value: 80,000 shares authorized; 35,063 and 35,416 outstanding	88,894	95,375
Retained earnings	144,041	171,379
Total Shyft Group, Inc. shareholders’ equity	232,935	266,754
Non-controlling interest	101	101
Total shareholders' equity	233,036	266,855
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 495,013	$ 447,867

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ / shares in Thousands, $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts receivable, allowance	$ 162	$ 187
Preferred stock, no 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	$ 0
Common stock, shares authorized (in shares)	80,000	80,000
Common stock, shares outstanding (in shares)	35,063	35,416

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Sales	$ 232,195	$ 243,982	$ 439,078	$ 441,870
Cost of products sold	190,077	192,076	371,029	349,978
Gross profit	42,118	51,906	68,049	91,892
Operating expenses:
Research and development	7,563	940	12,490	1,722
Selling, general and administrative	26,860	28,740	53,412	53,277
Total operating expenses	34,423	29,680	65,902	54,999
Operating income	7,695	22,226	2,147	36,893
Other income (expense)
Interest expense	(463)	(227)	(617)	(57)
Other income (expense)	(488)	506	(523)	689
Total other income (expense)	(951)	279	(1,140)	632
Income from continuing operations before income taxes	6,744	22,505	1,007	37,525
Income tax expense (benefit)	1,461	5,552	(424)	9,042
Income from continuing operations	5,283	16,953	1,431	28,483
Income from discontinued operations, net of income taxes	0	0	0	81
Net income	5,283	16,953	1,431	28,564
Less: net income attributable to non-controlling interest	0	990	0	1,025
Net income attributable to The Shyft Group Inc.	$ 5,283	$ 15,963	$ 1,431	$ 27,539
Basic earnings per share
Continuing operations, Basic (in dollars per share)	$ 0.15	$ 0.45	$ 0.04	$ 0.78
Discontinued operations, Basic (in dollars per share)	0	0	0	0
Basic earnings per share (in dollars per share)	0.15	0.45	0.04	0.78
Diluted earnings per share
Continuing operations, Diluted (in dollars per share)	0.15	0.44	0.04	0.76
Discontinued operations, Diluted (in dollars per share)	0	0	0	0
Diluted earnings per share (in dollars per share)	$ 0.15	$ 0.44	$ 0.04	$ 0.76
Basic weighted average common shares outstanding (in shares)	35,049	35,333	35,078	35,322
Diluted weighted average common shares outstanding (in shares)	35,243	36,190	35,437	36,191

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 1,431	$ 28,564
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	6,696	5,330
Non-cash stock based compensation expense	3,708	4,492
Deferred income taxes	(432)	134
Loss (Gain) on disposal of assets	481	(105)
Changes in accounts receivable and contract assets	(12,863)	(42,639)
Changes in inventories	(34,826)	(21,992)
Changes in accounts payable	7,333	27,721
Changes in accrued compensation and related taxes	(6,146)	665
Changes in accrued warranty	(379)	989
Change in other assets and liabilities	(1,672)	69
Net cash provided by (used in) operating activities	(36,669)	3,228
Cash flows from investing activities:
Purchases of property, plant and equipment	(10,010)	(12,373)
Proceeds from sale of property, plant and equipment	148	15
Acquisition of business, net of cash acquired	0	404
Net cash used in investing activities	(9,862)	(11,954)
Cash flows from financing activities:
Proceeds from long-term debt	85,000	15,000
Payments on long-term debt	(30,000)	(15,000)
Payment of dividends	(3,640)	(1,776)
Purchase and retirement of common stock	(26,789)	(3,348)
Issuance and vesting of stock incentive awards	(8,591)	(2,967)
Net cash provided by (used in) financing activities	15,980	(8,091)
Net decrease in cash and cash equivalents	(30,551)	(16,817)
Cash and cash equivalents at beginning of period	37,158	20,995
Cash and cash equivalents at end of period	$ 6,607	$ 4,178

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Common Stock Including Additional Paid in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
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
Issuance of common stock and tax impact of stock incentive plan		2,255	0	0	2,255
Balance (in shares) at Mar. 31, 2021	35,308
Balance at Mar. 31, 2021		90,171	116,791	(136)	206,826
Balance (in shares) at Dec. 31, 2020	35,344
Balance at Dec. 31, 2020		91,044	109,286	(171)	200,159
Net income (loss)					28,564
Balance (in shares) at Jun. 30, 2021	35,346
Balance at Jun. 30, 2021		92,309	131,853	854	255,016
Balance (in shares) at Mar. 31, 2021	35,308
Balance at Mar. 31, 2021		90,171	116,791	(136)	206,826
Issuance of common stock and tax impact of stock incentive plan (in shares)	2
Issuance of common stock and tax impact of stock incentive plan		(712)	0	0	(712)
Dividends declared		0	(901)	0	(901)
Issuance of restricted stock, net of cancellation (in shares)	36
Issuance of restricted stock, net of cancellation		0	0	0	0
Non-cash stock based compensation expense		2,850	0	0	2,850
Net income (loss)		0	15,963	990	16,953
Issuance of common stock and tax impact of stock incentive plan		712	0	0	712
Balance (in shares) at Jun. 30, 2021	35,346
Balance at Jun. 30, 2021		92,309	131,853	854	255,016
Balance (in shares) at Dec. 31, 2021	35,416
Balance at Dec. 31, 2021		95,375	171,379	101	266,855
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		(8,372)	0	0	(8,372)
Dividends declared		0	(1,794)	0	(1,794)
Purchase and retirement of common stock (in shares)	(607)
Purchase and retirement of common stock		(1,598)	(25,191)	0	(26,789)
Issuance of restricted stock, net of cancellation (in shares)	215
Issuance of restricted stock, net of cancellation		0	0	0	0
Non-cash stock based compensation expense		1,648	0	0	1,648
Net income (loss)		0	(3,852)	0	(3,852)
Issuance of common stock and tax impact of stock incentive plan		8,372	0	0	8,372
Balance (in shares) at Mar. 31, 2022	35,027
Balance at Mar. 31, 2022		87,053	140,542	101	227,696
Balance (in shares) at Dec. 31, 2021	35,416
Balance at Dec. 31, 2021		95,375	171,379	101	266,855
Net income (loss)					1,431
Balance (in shares) at Jun. 30, 2022	35,063
Balance at Jun. 30, 2022		88,894	144,041	101	233,036
Balance (in shares) at Mar. 31, 2022	35,027
Balance at Mar. 31, 2022		87,053	140,542	101	227,696
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		219	0	0	219
Dividends declared		0	(1,784)	0	(1,784)
Issuance of restricted stock, net of cancellation (in shares)	33
Issuance of restricted stock, net of cancellation		0	0	0	0
Non-cash stock based compensation expense		2,060	0	0	2,060
Net income (loss)		0	5,283	0	5,283
Issuance of common stock and tax impact of stock incentive plan		(219)	0	0	(219)
Balance (in shares) at Jun. 30, 2022	35,063
Balance at Jun. 30, 2022		$ 88,894	$ 144,041	$ 101	$ 233,036

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Dividends declared (in dollars per share)	$ 0.05	$ 0.05	$ 0.025	$ 0.025

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE 1 – N ATURE OF OPERATIONS AND BASIS OF PRESENTATION As used herein, the term “Company”, “we”, “us” or “our” refers to The Shyft Group, Inc. and its subsidiaries unless designated or identified otherwise. 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, service and vocational truck bodies, 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 as well as truck accessories. 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 June 30, 2022, three six June 30, 2022. 10 December 31, 2021 February 24, 2022. three six June 30, 2022, not 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, 2021, 10 Supplemental Disclosures of Cash Flow Information Non-cash investing in the six June 30, 2022 June 30, 2021, 4 Debt

Note 2 - Discontinued Operation

Note 2 - Discontinued Operations	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 2 On February 1, 2020, September 2020, October 1, 2020. three six June 30, 2021. The Income from discontinued operations presented in the Condensed Consolidated Statement of Operations are summarized below: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Other income $ - $ - $ - $ 109 Income from discontinued operations before taxes - - - 109 Income tax expense - - - (28 ) Income from discontinued operations, net of income taxes $ - $ - $ - $ 81 There were no three six June 30, 2022 2021.

Note 3 - Inventories

Note 3 - Inventories	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3 – INVENTORIES Inventories are summarized as follows: June 30, 2022 December 31, 2021 Finished goods $ 3,729 $ 2,990 Work in process 7,169 2,471 Raw materials and purchased components 91,112 61,723 Total inventories $ 102,010 $ 67,184

Note 4 - Debt

Note 4 - Debt	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 4 – DEBT Short-term debt consists of the following: June 30, 2022 December 31, 2021 Chassis pool agreements $ 23,636 $ 9,926 Total short-term debt $ 23,636 $ 9,926 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 with receipt at our facilities dependent on manufacturer’s production schedules. 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 Although the Company is party to related finance agreements with manufacturers, the Company has not Other receivables – chassis pool agreements Short-term debt – chassis pool agreements 90 Long-term debt consists of the following: June 30, 2022 December 31, 2021 Line of credit revolver $ 55,000 $ - Finance lease obligation 455 450 Other - 540 Total debt 55,455 990 Less current portion of long-term debt (192) (252 ) Total long-term debt $ 55,263 $ 738 Line of Credit Revolver On November 30, 2021, Under the Credit Agreement, we may November 30, 2026. may one 1.0%; one June 30, 2022. June 30, 2022 December 31, 2021, Under the terms of our Credit Agreement, available borrowings (exclusive of outstanding borrowings) totaled $199,357 and $376,776 at June 30, 2022 December 31, 2021, June 30, 2022 December 31, 2021,

Note 5 - Revenue

Note 5 - Revenue	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 5 – REVENUE Changes in our contract assets and liabilities for the six June 30, 2022 2021 June 30, 2022 June 30, 2021 Contract Assets Contract assets, beginning of period $ 21,483 $ 9,414 Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional (20,777 ) (9,401 ) Contract assets recognized, net of reclassification to receivables 41,662 15,357 Contract assets, end of period $ 42,368 $ 15,370 Contract Liabilities Contract liabilities, beginning of period $ 988 $ 756 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (988 ) (740 ) Cash received in advance and not recognized as revenue 1,359 361 Contract liabilities, end of period $ 1,359 $ 377 The aggregate amount of the transaction price allocated to remaining performance obligations in existing contracts that are yet to be completed in the FVS and SV segments are $1,000,021 and $135,162, respectively. In the following tables, revenue is disaggregated by primary geographical market and timing of revenue recognition. The tables also include a reconciliation of the disaggregated revenue with the reportable segments. Three Months Ended June 30, 2022 FVS SV Total Primary geographical markets United States $ 133,861 $ 95,273 $ 229,134 Other 3,036 25 3,061 Total sales $ 136,897 $ 95,298 $ 232,195 Timing of revenue recognition Products transferred at a point in time $ 10,716 $ 51,488 $ 62,204 Products and services transferred over time 126,181 43,810 169,991 Total sales $ 136,897 $ 95,298 $ 232,195 Three Months Ended June 30, 2021 FVS SV Total Primary geographical markets United States $ 160,581 $ 82,333 $ 242,914 Other 1,037 31 1,068 Total sales $ 161,618 $ 82,364 $ 243,982 Timing of revenue recognition Products transferred at a point in time $ 8,447 $ 49,158 $ 57,605 Products and services transferred over time 153,171 33,206 186,377 Total sales $ 161,618 $ 82,364 $ 243,982 Six Months Ended June 30, 2022 FVS SV Total Primary geographical markets United States $ 245,197 $ 189,456 $ 434,653 Other 4,397 28 4,425 Total sales $ 249,594 $ 189,484 $ 439,078 Timing of revenue recognition Products transferred at a point in time $ 20,271 $ 104,339 $ 124,610 Products and services transferred over time 229,323 85,145 314,468 Total sales $ 249,594 $ 189,484 $ 439,078 Six Months Ended June 30, 2021 FVS SV Total Primary geographical markets United States $ 281,811 $ 156,378 $ 438,189 Other 3,631 50 3,681 Total sales $ 285,442 $ 156,428 $ 441,870 Timing of revenue recognition Products transferred at a point in time $ 15,248 $ 91,451 $ 106,699 Products and services transferred over time 270,194 64,977 335,171 Total sales $ 285,442 $ 156,428 $ 441,870

Note 6 - Property, Plant and Eq

Note 6 - Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are summarized by major classifications as follows: June 30, 2022 December 31, 2021 Land and improvements $ 12,554 $ 9,810 Buildings and improvements 42,833 45,724 Plant machinery and equipment 52,647 49,305 Furniture and fixtures 15,705 20,421 Vehicles 2,093 2,607 Construction in process 7,897 12,700 Subtotal 133,729 140,567 Less accumulated depreciation (67,560 ) (79,510 ) Total property, plant and equipment, net $ 66,169 $ 61,057 We recorded depreciation expense of $2,626 and $1,899 during the three June 30, 2022 2021, six June 30, 2022 2021,

Note 7 - Leases

Note 7 - Leases	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases and Finance Leases [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 not 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: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating leases $ 2,571 $ 1,982 $ 4,809 $ 3,936 Short-term leases (1) 19 128 57 166 Total lease expense $ 2,590 $ 2,110 $ 4,866 $ 4,102 ( 1 not one The weighted average remaining lease term and weighted average discount rate were as follows: June 30, 2022 2021 Weighted average remaining lease term of operating leases (in years) 8.4 9.1 Weighted average discount rate of operating leases 2.7 % 3.1 % Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow for operating leases $ 4,287 $ 1,942 Right of use assets obtained in exchange for lease obligations: Operating leases $ 15,331 $ 2,147 Finance leases $ 202 $ 106 Maturities of operating lease liabilities as of June 30, 2022 Years ending December 31: 2022 (1) $ 7,440 2023 9,693 2024 9,191 2025 8,286 2026 6,630 Thereafter 24,008 Total lease payments 65,248 Less: imputed interest (9,354 ) Total lease liabilities $ 55,894 ( 1 six June 30, 2022.

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 8 – COMMITMENTS AND CONTINGENT LIABILITIES At June 30, 2022, 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 are summarized below: Six Months Ended June 30, 2022 2021 Balance of accrued warranty at January 1 $ 5,975 $ 5,633 Provisions for current period sales 2,151 1,950 Changes in liability for pre-existing warranties (256 ) 938 Cash settlements (2,274 ) (1,898 ) Balance of accrued warranty at June 30 $ 5,596 $ 6,623 Legal Proceedings Relating to Environmental Matters As previously disclosed, in May 2020, January 1, 2017 May 2020. third 2020. On April 6, 2022, not may

Note 9 - Taxes on Income

Note 9 - Taxes on Income	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9 Our effective income tax rate was 21.7% and 24.7% for the three June 30, 2022 2021, six June 30, 2022 2021, The effective tax rates of 21.7% 24.7% three June 30, 2022 2021, Our effective income tax rate was a tax benefit of ( 42.1% first six 2022, 24.1% first six 2021

Note 10 - Business Segments

Note 10 - Business Segments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 10 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 reportable segments: Fleet Vehicles and Services and Specialty Vehicles. 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 Our FVS segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades industries. Our commercial vehicles are marketed under the Utilimaster brand name, which serves a diverse customer base and sells aftermarket parts and accessories for walk-in vans and other delivery vehicles. We also provide vocation-specific equipment upfit services. Our Specialty Vehicles segment includes our Spartan RV chassis operations, Builtmore Contract Manufacturing operations, service body operations, vocation-specific equipment upfit services marketed under the Strobes-R-Us brand, and distribution of related aftermarket parts and accessories. 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 June 30, 2022 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 126,181 $ - $ - $ 126,181 Motor home chassis sales - 42,710 - 42,710 Other specialty vehicle sales - 47,044 - 47,044 Aftermarket parts and accessories sales 10,716 5,544 - 16,260 Total sales $ 136,897 $ 95,298 $ - $ 232,195 Depreciation and amortization expense $ 1,182 $ 1,953 $ 592 $ 3,727 Adjusted EBITDA 14,525 12,859 (13,695 ) 13,689 Segment assets 228,863 223,388 42,762 495,013 Capital expenditures 3,666 452 929 5,047 Three Months Ended June 30, 2021 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 153,171 $ - $ - $ 153,171 Motor home chassis sales - 40,891 - 40,891 Other specialty vehicle sales - 36,070 - 36,070 Aftermarket parts and accessories sales 8,447 5,403 - 13,850 Total sales $ 161,618 $ 82,364 $ - $ 243,982 Depreciation and amortization expense $ 547 $ 1,743 $ 469 $ 2,759 Adjusted EBITDA 28,116 8,808 (8,354 ) 28,570 Segment assets 176,921 218,434 23,722 419,077 Capital expenditures 3,866 320 311 4,497 Six Months Ended June 30, 2022 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 229,323 $ - $ - $ 229,323 Motor home chassis sales - 87,601 - 87,601 Other specialty vehicle sales - 91,750 - 91,750 Aftermarket parts and accessories sales 20,271 10,133 - 30,404 Total sales $ 249,594 $ 189,484 $ - $ 439,078 Depreciation and amortization expense $ 1,930 $ 3,614 $ 1,152 $ 6,696 Adjusted EBITDA 13,654 22,958 (23,566 ) 13,046 Segment assets 228,863 223,388 42,762 495,013 Capital expenditures 7,799 686 2,007 10,492 Six Months Ended June 30, 2021 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 270,197 $ - $ - $ 270,197 Motor home chassis sales - 76,159 - 76,159 Other specialty vehicle sales - 70,798 - 70,798 Aftermarket parts and accessories sales 15,245 9,471 - 24,716 Total sales $ 285,442 $ 156,428 $ - $ 441,870 Depreciation and amortization expense $ 1,061 $ 3,457 $ 812 $ 5,330 Adjusted EBITDA 45,982 16,168 (14,409 ) 47,741 Segment assets 176,921 218,434 23,722 419,077 Capital expenditures 8,008 3,325 603 11,936

Note 2 - Discontinued Operati_2

Note 2 - Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Other income $ - $ - $ - $ 109 Income from discontinued operations before taxes - - - 109 Income tax expense - - - (28 ) Income from discontinued operations, net of income taxes $ - $ - $ - $ 81

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, 2022 December 31, 2021 Finished goods $ 3,729 $ 2,990 Work in process 7,169 2,471 Raw materials and purchased components 91,112 61,723 Total inventories $ 102,010 $ 67,184

Note 4 - Debt (Tables)

Note 4 - Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Short-Term Debt [Table Text Block]	June 30, 2022 December 31, 2021 Chassis pool agreements $ 23,636 $ 9,926 Total short-term debt $ 23,636 $ 9,926
Schedule of Long-Term Debt Instruments [Table Text Block]	June 30, 2022 December 31, 2021 Line of credit revolver $ 55,000 $ - Finance lease obligation 455 450 Other - 540 Total debt 55,455 990 Less current portion of long-term debt (192) (252 ) Total long-term debt $ 55,263 $ 738

Note 5 - Revenue (Tables)

Note 5 - Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	June 30, 2022 June 30, 2021 Contract Assets Contract assets, beginning of period $ 21,483 $ 9,414 Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional (20,777 ) (9,401 ) Contract assets recognized, net of reclassification to receivables 41,662 15,357 Contract assets, end of period $ 42,368 $ 15,370 Contract Liabilities Contract liabilities, beginning of period $ 988 $ 756 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (988 ) (740 ) Cash received in advance and not recognized as revenue 1,359 361 Contract liabilities, end of period $ 1,359 $ 377
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, 2022 FVS SV Total Primary geographical markets United States $ 133,861 $ 95,273 $ 229,134 Other 3,036 25 3,061 Total sales $ 136,897 $ 95,298 $ 232,195 Timing of revenue recognition Products transferred at a point in time $ 10,716 $ 51,488 $ 62,204 Products and services transferred over time 126,181 43,810 169,991 Total sales $ 136,897 $ 95,298 $ 232,195 Three Months Ended June 30, 2021 FVS SV Total Primary geographical markets United States $ 160,581 $ 82,333 $ 242,914 Other 1,037 31 1,068 Total sales $ 161,618 $ 82,364 $ 243,982 Timing of revenue recognition Products transferred at a point in time $ 8,447 $ 49,158 $ 57,605 Products and services transferred over time 153,171 33,206 186,377 Total sales $ 161,618 $ 82,364 $ 243,982 Six Months Ended June 30, 2022 FVS SV Total Primary geographical markets United States $ 245,197 $ 189,456 $ 434,653 Other 4,397 28 4,425 Total sales $ 249,594 $ 189,484 $ 439,078 Timing of revenue recognition Products transferred at a point in time $ 20,271 $ 104,339 $ 124,610 Products and services transferred over time 229,323 85,145 314,468 Total sales $ 249,594 $ 189,484 $ 439,078 Six Months Ended June 30, 2021 FVS SV Total Primary geographical markets United States $ 281,811 $ 156,378 $ 438,189 Other 3,631 50 3,681 Total sales $ 285,442 $ 156,428 $ 441,870 Timing of revenue recognition Products transferred at a point in time $ 15,248 $ 91,451 $ 106,699 Products and services transferred over time 270,194 64,977 335,171 Total sales $ 285,442 $ 156,428 $ 441,870

Note 6 - Property, Plant and _2

Note 6 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, 2022 December 31, 2021 Land and improvements $ 12,554 $ 9,810 Buildings and improvements 42,833 45,724 Plant machinery and equipment 52,647 49,305 Furniture and fixtures 15,705 20,421 Vehicles 2,093 2,607 Construction in process 7,897 12,700 Subtotal 133,729 140,567 Less accumulated depreciation (67,560 ) (79,510 ) Total property, plant and equipment, net $ 66,169 $ 61,057

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Operating leases $ 2,571 $ 1,982 $ 4,809 $ 3,936 Short-term leases (1) 19 128 57 166 Total lease expense $ 2,590 $ 2,110 $ 4,866 $ 4,102 June 30, 2022 2021 Weighted average remaining lease term of operating leases (in years) 8.4 9.1 Weighted average discount rate of operating leases 2.7 % 3.1 % Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow for operating leases $ 4,287 $ 1,942 Right of use assets obtained in exchange for lease obligations: Operating leases $ 15,331 $ 2,147 Finance leases $ 202 $ 106
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Years ending December 31: 2022 (1) $ 7,440 2023 9,693 2024 9,191 2025 8,286 2026 6,630 Thereafter 24,008 Total lease payments 65,248 Less: imputed interest (9,354 ) Total lease liabilities $ 55,894

Note 8 - Commitments and Cont_2

Note 8 - Commitments and Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Six Months Ended June 30, 2022 2021 Balance of accrued warranty at January 1 $ 5,975 $ 5,633 Provisions for current period sales 2,151 1,950 Changes in liability for pre-existing warranties (256 ) 938 Cash settlements (2,274 ) (1,898 ) Balance of accrued warranty at June 30 $ 5,596 $ 6,623

Note 10 - Business Segments (Ta

Note 10 - Business Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, 2022 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 126,181 $ - $ - $ 126,181 Motor home chassis sales - 42,710 - 42,710 Other specialty vehicle sales - 47,044 - 47,044 Aftermarket parts and accessories sales 10,716 5,544 - 16,260 Total sales $ 136,897 $ 95,298 $ - $ 232,195 Depreciation and amortization expense $ 1,182 $ 1,953 $ 592 $ 3,727 Adjusted EBITDA 14,525 12,859 (13,695 ) 13,689 Segment assets 228,863 223,388 42,762 495,013 Capital expenditures 3,666 452 929 5,047 Three Months Ended June 30, 2021 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 153,171 $ - $ - $ 153,171 Motor home chassis sales - 40,891 - 40,891 Other specialty vehicle sales - 36,070 - 36,070 Aftermarket parts and accessories sales 8,447 5,403 - 13,850 Total sales $ 161,618 $ 82,364 $ - $ 243,982 Depreciation and amortization expense $ 547 $ 1,743 $ 469 $ 2,759 Adjusted EBITDA 28,116 8,808 (8,354 ) 28,570 Segment assets 176,921 218,434 23,722 419,077 Capital expenditures 3,866 320 311 4,497 Six Months Ended June 30, 2022 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 229,323 $ - $ - $ 229,323 Motor home chassis sales - 87,601 - 87,601 Other specialty vehicle sales - 91,750 - 91,750 Aftermarket parts and accessories sales 20,271 10,133 - 30,404 Total sales $ 249,594 $ 189,484 $ - $ 439,078 Depreciation and amortization expense $ 1,930 $ 3,614 $ 1,152 $ 6,696 Adjusted EBITDA 13,654 22,958 (23,566 ) 13,046 Segment assets 228,863 223,388 42,762 495,013 Capital expenditures 7,799 686 2,007 10,492 Six Months Ended June 30, 2021 Segment FVS SV Eliminations and Other Consolidated Fleet vehicle sales $ 270,197 $ - $ - $ 270,197 Motor home chassis sales - 76,159 - 76,159 Other specialty vehicle sales - 70,798 - 70,798 Aftermarket parts and accessories sales 15,245 9,471 - 24,716 Total sales $ 285,442 $ 156,428 $ - $ 441,870 Depreciation and amortization expense $ 1,061 $ 3,457 $ 812 $ 5,330 Adjusted EBITDA 45,982 16,168 (14,409 ) 47,741 Segment assets 176,921 218,434 23,722 419,077 Capital expenditures 8,008 3,325 603 11,936

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Capital Expenditures Incurred but Not yet Paid	$ 1,994	$ 1,051

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 Millions	Oct. 01, 2020	Feb. 01, 2020
Proceeds from Divestiture of Businesses		$ 55
Payments for Divestiture of Businesses After Working Capital Adjustment	$ 7.5

Note 2 - Discontinued Operati_4

Note 2 - Discontinued Operations - Schedule of Discontinued Operations for Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income from discontinued operations, net of income taxes	$ 0	$ 0	$ 0	$ 81
Disposal of Emergency Response and Vehicle Business [Member] | Discontinued Operations, Held-for-sale [Member]
Other income	0	0	0	109
Income from discontinued operations before taxes	0	0	0	109
Income tax expense	0	0	0	(28)
Income from discontinued operations, net of income taxes	$ 0	$ 0	$ 0	$ 81

Note 3 - Inventories - Summary

Note 3 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finished goods	$ 3,729	$ 2,990
Work in process	7,169	2,471
Raw materials and purchased components	91,112	61,723
Total inventories	$ 102,010	$ 67,184

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($) $ in Thousands		6 Months Ended
	Nov. 30, 2021	Jun. 30, 2022	Dec. 31, 2021
Letters of Credit Outstanding, Amount		$ 1,110	$ 760
Lenders [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 400,000
Line of Credit Facility, Potential Increase Borrowing Capacity	$ 200,000
Debt Instrument Reference Rate Term (Month)	1 month
Debt Instrument, Interest Rate During Period		2.78%
Line of Credit Facility, Current Borrowing Capacity		$ 199,357	$ 376,776
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%	1%
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	$ 10,000

Note 4 - Debt - Short-term Debt

Note 4 - Debt - Short-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Short-term debt	$ 23,636	$ 9,926
Chassis Pool Agreements [Member]
Short-term debt	$ 23,636	$ 9,926

Note 4 - Debt - Schedule of Lon

Note 4 - Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Line of credit revolver	$ 55,000	$ 0
Finance lease obligation	455	450
Other	0	540
Total debt	55,455	990
Less current portion of long-term debt	(192)	(252)
Total long-term debt	$ 55,263	$ 738

Note 5 - Revenue (Details Textu

Note 5 - Revenue (Details Textual) $ in Thousands	Jun. 30, 2022 USD ($)
Fleet Vehicles and Services [Member]
Revenue, Remaining Performance Obligation, Amount	$ 1,000,021
Specialty Vehicles [Member]
Revenue, Remaining Performance Obligation, Amount	$ 135,162

Note 5 - Revenue - Contract Ass

Note 5 - Revenue - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Contract assets, balance	$ 21,483	$ 9,414
Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional	(20,777)	(9,401)
Contract assets recognized, net of reclassification to receivables	41,662	15,357
Contract assets, balance	42,368	15,370
Contract liabilities, balance	988	756
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied	(988)	(740)
Cash received in advance and not recognized as revenue	1,359	361
Contract liabilities, balance	$ 1,359	$ 377

Note 5 - Revenue - Disaggregate

Note 5 - Revenue - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 232,195	$ 243,982	$ 439,078	$ 441,870
Transferred at Point in Time [Member]
Revenues	62,204	57,605
Transferred over Time [Member]
Revenues	169,991	186,377
Operating Segments [Member]
Revenues			439,078	441,870
Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues			124,610	106,699
Operating Segments [Member] | Transferred over Time [Member]
Revenues			314,468	335,171
Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	136,897	161,618	249,594	285,442
Fleet Vehicles and Services [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	10,716	8,447	20,271	15,248
Fleet Vehicles and Services [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	126,181	153,171	229,323	270,194
Specialty Vehicles [Member] | Operating Segments [Member]
Revenues	95,298	82,364	189,484	156,428
Specialty Vehicles [Member] | Operating Segments [Member] | Transferred at Point in Time [Member]
Revenues	51,488	49,158	104,339	91,451
Specialty Vehicles [Member] | Operating Segments [Member] | Transferred over Time [Member]
Revenues	43,810	33,206	85,145	64,977
UNITED STATES
Revenues	229,134	242,914
UNITED STATES | Operating Segments [Member]
Revenues			434,653	438,189
UNITED STATES | Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	133,861	160,581	245,197	281,811
UNITED STATES | Specialty Vehicles [Member] | Operating Segments [Member]
Revenues	95,273	82,333	189,456	156,378
Non-US [Member]
Revenues	3,061	1,068
Non-US [Member] | Operating Segments [Member]
Revenues			4,425	3,681
Non-US [Member] | Fleet Vehicles and Services [Member] | Operating Segments [Member]
Revenues	3,036	1,037	4,397	3,631
Non-US [Member] | Specialty Vehicles [Member] | Operating Segments [Member]
Revenues	$ 25	$ 31	$ 28	$ 50

Note 6 - Property, Plant and _3

Note 6 - Property, Plant and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Depreciation, Total	$ 2,626	$ 1,899	$ 4,751	$ 3,640

Note 6 - Property, Plant and _4

Note 6 - Property, Plant and Equipment - Summary of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, plant and equipment, gross	$ 133,729	$ 140,567
Less accumulated depreciation	(67,560)	(79,510)
Total property, plant and equipment, net	66,169	61,057
Land and Land Improvements [Member]
Property, plant and equipment, gross	12,554	9,810
Building and Building Improvements [Member]
Property, plant and equipment, gross	42,833	45,724
Machinery and Equipment [Member]
Property, plant and equipment, gross	52,647	49,305
Furniture and Fixtures [Member]
Property, plant and equipment, gross	15,705	20,421
Vehicles [Member]
Property, plant and equipment, gross	2,093	2,607
Construction in Progress [Member]
Property, plant and equipment, gross	$ 7,897	$ 12,700

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	6 Months Ended
	Jun. 30, 2022
Minimum [Member]
Leases, Remaining Lease Terms (Year)	1 year
Maximum [Member]
Leases, Remaining Lease Terms (Year)	18 years
Leases, Term, Option to Extend (Year)	15 years

Note 7 - Leases - Lease Expense

Note 7 - Leases - Lease Expense and Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating leases		$ 2,571	$ 1,982	$ 4,809	$ 3,936
Short-term leases(1)	[1]	19	128	57	166
Total lease expense		$ 2,590	$ 2,110	$ 4,866	$ 4,102
Weighted average remaining lease term of operating leases (in years) (Year)		8 years 4 months 24 days	9 years 1 month 6 days	8 years 4 months 24 days	9 years 1 month 6 days
Weighted average discount rate of operating leases		2.70%	3.10%	2.70%	3.10%
Operating cash flow for operating leases				$ 4,287	$ 1,942
Operating leases				15,331	2,147
Finance leases				$ 202	$ 106
[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	Jun. 30, 2022 USD ($)
2022(1)	$ 7,440	[1]
2023	9,693
2024	9,191
2025	8,286
2026	6,630
Thereafter	24,008
Total lease payments	65,248
Less: imputed interest	(9,354)
Total lease liabilities	$ 55,894
[1]Excluding the three months ended March 31, 2022.

Note 8 - Commitments and Cont_3

Note 8 - Commitments and Contingent Liabilities - Changes in Warranty Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance of accrued warranty	$ 5,975	$ 5,633
Provisions for current period sales	2,151	1,950
Changes in liability for pre-existing warranties	(256)	938
Cash settlements	(2,274)	(1,898)
Balance of accrued warranty	$ 5,596	$ 6,623

Note 9 - Taxes on Income (Detai

Note 9 - Taxes on Income (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Percent, Total	21.70%	24.70%	(42.10%)	24.10%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%

Note 10 - Business Segments (De

Note 10 - Business Segments (Details Textual)	6 Months Ended
	Jun. 30, 2022
Number of Reportable Segments	2

Note 10 - Business Segments - S

Note 10 - Business Segments - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Revenues	$ 232,195	$ 243,982	$ 439,078	$ 441,870
Depreciation and amortization expense			6,696	5,330
Segment assets	495,013		495,013		$ 447,867
Capital expenditures			10,010	12,373
Operating Segments [Member]
Revenues			439,078	441,870
Operating Segments [Member] | Fleet Vehicles and Services [Member]
Revenues	136,897	161,618	249,594	285,442
Operating Segments [Member] | Specialty Vehicles [Member]
Revenues	95,298	82,364	189,484	156,428
Continuing Operations [Member]
Revenues	232,195	243,982	439,078	441,870
Depreciation and amortization expense	3,727	2,759	6,696	5,330
Adjusted EBITDA	13,689	28,570	13,046	47,741
Segment assets	495,013	419,077	495,013	419,077
Capital expenditures	5,047	4,497	10,492	11,936
Continuing Operations [Member] | Fleet Vehicle Sales [Member]
Revenues	126,181	153,171	229,323	270,197
Continuing Operations [Member] | Motorhome Chassis [Member]
Revenues	42,710	40,891	87,601	76,159
Continuing Operations [Member] | Other Specialty Vehicles [Member]
Revenues	47,044	36,070	91,750	70,798
Continuing Operations [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	16,260	13,850	30,404	24,716
Continuing Operations [Member] | Operating Segments [Member] | Fleet Vehicles and Services [Member]
Revenues	136,897	161,618	249,594	285,442
Depreciation and amortization expense	1,182	547	1,930	1,061
Adjusted EBITDA	14,525	28,116	13,654	45,982
Segment assets	228,863	176,921	228,863	176,921
Capital expenditures	3,666	3,866	7,799	8,008
Continuing Operations [Member] | Operating Segments [Member] | Fleet Vehicles and Services [Member] | Fleet Vehicle Sales [Member]
Revenues	126,181	153,171	229,323	270,197
Continuing Operations [Member] | Operating Segments [Member] | Fleet Vehicles and Services [Member] | Motorhome Chassis [Member]
Revenues	0	0	0	0
Continuing Operations [Member] | Operating Segments [Member] | Fleet Vehicles and Services [Member] | Other Specialty Vehicles [Member]
Revenues	0	0	0	0
Continuing Operations [Member] | Operating Segments [Member] | Fleet Vehicles and Services [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	10,716	8,447	20,271	15,245
Continuing Operations [Member] | Operating Segments [Member] | Specialty Vehicles [Member]
Revenues	95,298	82,364	189,484	156,428
Depreciation and amortization expense	1,953	1,743	3,614	3,457
Adjusted EBITDA	12,859	8,808	22,958	16,168
Segment assets	223,388	218,434	223,388	218,434
Capital expenditures	452	320	686	3,325
Continuing Operations [Member] | Operating Segments [Member] | Specialty Vehicles [Member] | Fleet Vehicle Sales [Member]
Revenues	0	0	0	0
Continuing Operations [Member] | Operating Segments [Member] | Specialty Vehicles [Member] | Motorhome Chassis [Member]
Revenues	42,710	40,891	87,601	76,159
Continuing Operations [Member] | Operating Segments [Member] | Specialty Vehicles [Member] | Other Specialty Vehicles [Member]
Revenues	47,044	36,070	91,750	70,798
Continuing Operations [Member] | Operating Segments [Member] | Specialty Vehicles [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	5,544	5,403	10,133	9,471
Continuing Operations [Member] | Segment Reconciling Items [Member]
Revenues	0	0	0	0
Depreciation and amortization expense	592	469	1,152	812
Adjusted EBITDA	(13,695)	(8,354)	(23,566)	(14,409)
Segment assets	42,762	23,722	42,762	23,722
Capital expenditures	929	311	2,007	603
Continuing Operations [Member] | Segment Reconciling Items [Member] | Fleet Vehicle Sales [Member]
Revenues	0	0	0	0
Continuing Operations [Member] | Segment Reconciling Items [Member] | Motorhome Chassis [Member]
Revenues	0	0	0	0
Continuing Operations [Member] | Segment Reconciling Items [Member] | Other Specialty Vehicles [Member]
Revenues	0	0	0	0
Continuing Operations [Member] | Segment Reconciling Items [Member] | Aftermarket Parts and Accessories Sales [Member]
Revenues	$ 0	$ 0	$ 0	$ 0