| Schedule of Segment Reporting Information, by Segment |
Management evaluates the segments based primarily upon revenues and gross profit, which are reflected in the tables below for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Net sales | | | | | | | | | Three Months Ended | | Nine Months Ended | | (in thousands of dollars) | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | | Bus (1) | $ | 372,240 | | | $ | 308,037 | | | $ | 993,099 | | | $ | 919,433 | | | Parts (1) | 25,771 | | | 25,330 | | | 77,635 | | | 77,509 | | | Segment net sales | $ | 398,011 | | | $ | 333,367 | | | $ | 1,070,734 | | | $ | 996,942 | |
(1) Parts segment revenue includes $1.6 million and $2.6 million for the three months ended June 28, 2025 and June 29, 2024, respectively, and $5.4 million and $6.9 million for the nine months ended June 28, 2025 and June 29, 2024, respectively, related to inter-segment sales of parts that was eliminated by the Bus segment upon consolidation. | | | | | | | | | | | | | | | | | | | | | | | | Gross profit | | | | | | | | | Three Months Ended | | Nine Months Ended | | (in thousands of dollars) | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | | Bus | $ | 73,211 | | | $ | 56,545 | | | $ | 178,017 | | | $ | 157,428 | | | Parts | 12,717 | | | 12,808 | | | 39,082 | | | 39,122 | | | Segment gross profit | $ | 85,928 | | | $ | 69,353 | | | $ | 217,099 | | | $ | 196,550 | |
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| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
The following table is a reconciliation of segment gross profit to consolidated income before income taxes for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (in thousands of dollars) | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | | Segment gross profit | $ | 85,928 | | | $ | 69,353 | | | $ | 217,099 | | | $ | 196,550 | | | Adjustments: | | | | | | | | | Selling, general and administrative expenses | (35,859) | | | (29,625) | | | (100,277) | | | (82,798) | | | Interest expense | (1,738) | | | (2,107) | | | (5,466) | | | (8,550) | | | Interest income | 1,483 | | | 990 | | | 4,309 | | | 3,132 | | Other (expense) income, net | (580) | | | (2,729) | | | 2,780 | | | (5,918) | | Loss on debt refinancing | — | | | — | | | — | | | (1,558) | | Income before income taxes | $ | 49,234 | | | $ | 35,882 | | | $ | 118,445 | | | $ | 100,858 | |
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| Revenue from External Customers by Geographic Areas |
Sales are attributable to geographic areas based on customer location and were as follows for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (in thousands of dollars) | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | U.S. | $ | 352,715 | | | $ | 291,374 | | | $ | 939,946 | | | $ | 910,489 | | | Canada | 45,022 | | | 41,804 | | | 129,096 | | | 85,981 | | | Rest of world | 274 | | | 189 | | | 1,692 | | | 472 | | | Total net sales | $ | 398,011 | | | $ | 333,367 | | | $ | 1,070,734 | | | $ | 996,942 | |
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