Note 8 - Revenue |
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| Revenue from Contract with Customer [Text Block] |
8 – Revenue
The Company’s revenues are generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue from such sales is recognized when the customer obtains control, which is typically when the finished product is delivered to the customer. The Company’s material revenue streams have been identified as the following: the sale of new and used commercial vehicles, the arrangement of associated commercial vehicle financing and insurance contracts, the performance of commercial vehicle repair services and the sale of commercial vehicle parts. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues.
The following table summarizes the Company’s disaggregated revenue by revenue source, excluding lease and rental revenue, for the three months ended March 31, 2026 and 2025 (in thousands):
The Company's performance obligations are transferred to customers at a point in time. The Company did have any material contract assets or contract liabilities on the balance sheet as of March 31, 2026. Revenues related to commercial vehicle sales, parts sales, commercial vehicle repair service, finance and most other revenues are related to the Truck Segment. |
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