| Revenue from Contract with Customer [Text Block] |
NOTE 5 – REVENUE
Changes in our contract assets and liabilities for the nine months ended September 30, 2024 and 2023 are summarized below:
| | | September 30, 2024 | | | September 30, 2023 | |
| Contract Assets | | | | | | | | |
| Contract assets, beginning of period | | $ | 50,305 | | | $ | 86,993 | |
| Reclassification of the beginning contract assets to receivables, as the result of rights to consideration becoming unconditional | | | (49,445 | ) | | | (86,061 | ) |
| Contract assets recognized, net of reclassification to receivables | | | 31,377 | | | | 47,537 | |
| Contract assets, end of period | | $ | 32,237 | | | $ | 48,469 | |
| | | | | | | | | |
| Contract Liabilities | | | | | | | | |
| Contract liabilities, beginning of period | | $ | 4,756 | | | $ | 5,255 | |
| Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied | | | (4,314 | ) | | | (5,182 | ) |
| Cash received in advance and not recognized as revenue | | | 5,582 | | | | 6,160 | |
| Contract liabilities, end of period | | $ | 6,024 | | | $ | 6,233 | |
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 $267,952 and $77,456, 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 within the reportable segments.
| | | Three Months Ended September 30, 2024 | |
| | | FVS | | | SV | | | Eliminations and Other | | | Total | |
| Primary geographical markets | | | | | | | | | | | | | | | | |
| United States | | $ | 101,095 | | | $ | 87,188 | | | $ | 850 | | | $ | 189,133 | |
| Other | | | 4,765 | | | | 177 | | | | - | | | | 4,942 | |
| Total sales | | $ | 105,860 | | | $ | 87,365 | | | $ | 850 | | | $ | 194,075 | |
| | | | | | | | | | | | | | | | | |
| Timing of revenue recognition | | | | | | | | | | | | | | | | |
| Products transferred at a point in time | | $ | 18,087 | | | $ | 26,849 | | | $ | 850 | | | $ | 45,786 | |
| Products and services transferred over time | | | 87,773 | | | | 60,516 | | | | - | | | | 148,289 | |
| Total sales | | $ | 105,860 | | | $ | 87,365 | | | $ | 850 | | | $ | 194,075 | |
| | | Three Months Ended September 30, 2023 | |
| | | FVS | | | SV | | | Eliminations and Other | | | Total | |
| Primary geographical markets | | | | | | | | | | | | | | | | |
| United States | | $ | 122,626 | | | $ | 76,603 | | | $ | 444 | | | $ | 199,673 | |
| Other | | | 1,633 | | | | 19 | | | | - | | | | 1,652 | |
| Total sales | | $ | 124,259 | | | $ | 76,622 | | | $ | 444 | | | $ | 201,325 | |
| | | | | | | | | | | | | | | | | |
| Timing of revenue recognition | | | | | | | | | | | | | | | | |
| Products transferred at a point in time | | $ | 15,768 | | | $ | 34,297 | | | $ | 467 | | | $ | 50,532 | |
| Products and services transferred over time | | | 108,491 | | | | 42,325 | | | | (23 | ) | | | 150,793 | |
| Total sales | | $ | 124,259 | | | $ | 76,622 | | | $ | 444 | | | $ | 201,325 | |
| | | Nine Months Ended September 30, 2024 | |
| | | FVS | | | SV | | | Eliminations and Other | | | Total | |
| Primary geographical markets | | | | | | | | | | | | | | | | |
| United States | | $ | 276,822 | | | $ | 259,996 | | | $ | 926 | | | $ | 537,744 | |
| Other | | | 46,637 | | | | 363 | | | | - | | | | 47,000 | |
| Total sales | | $ | 323,459 | | | $ | 260,359 | | | $ | 926 | | | $ | 584,744 | |
| | | | | | | | | | | | | | | | | |
| Timing of revenue recognition | | | | | | | | | | | | | | | | |
| Products transferred at a point in time | | $ | 47,964 | | | $ | 100,228 | | | $ | 926 | | | $ | 149,118 | |
| Products and services transferred over time | | | 275,495 | | | | 160,131 | | | | - | | | | 435,626 | |
| Total sales | | $ | 323,459 | | | $ | 260,359 | | | $ | 926 | | | $ | 584,744 | |
| | | Nine Months Ended September 30, 2023 | |
| | | FVS | | | SV | | | Eliminations and Other | | | Total | |
| Primary geographical markets | | | | | | | | | | | | | | | | |
| United States | | $ | 401,117 | | | $ | 251,306 | | | $ | (4,180 | ) | | $ | 648,243 | |
| Other | | | 21,558 | | | | 64 | | | | - | | | | 21,622 | |
| Total sales | | $ | 422,675 | | | $ | 251,370 | | | $ | (4,180 | ) | | $ | 669,865 | |
| | | | | | | | | | | | | | | | | |
| Timing of revenue recognition | | | | | | | | | | | | | | | | |
| Products transferred at a point in time | | $ | 41,614 | | | $ | 109,977 | | | $ | 467 | | | $ | 152,058 | |
| Products and services transferred over time | | | 381,061 | | | | 141,393 | | | | (4,647 | ) | | | 517,807 | |
| Total sales | | $ | 422,675 | | | $ | 251,370 | | | $ | (4,180 | ) | | $ | 669,865 | |
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