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Segment Information
 9 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Information
7. Segment Information

We manage our business in two operating segments, both of which are reportable segments: (i) the Bus segment, which includes the manufacture and assembly of buses to be sold to a variety of customers across the U.S., Canada, and in certain limited international markets; and (ii) the Parts segment, which consists primarily of the purchase of parts from third parties to be sold to dealers within the Company’s network and certain large fleet customers. Micro Bird's financial results are included within the Bus segment effective April 1, 2026 (see Note 13, Micro Bird Acquisition, for further discussion).

Our chief operating decision maker ("CODM") is our President and Chief Executive Officer. The CODM primarily uses net sales and gross profit to evaluate segment performance, allocate resources, and make operating decisions as these metrics align with the Company's mission to deliver profitable growth to our stockholders over time. Specifically, net sales is utilized to evaluate the effectiveness of the Company's sales functions in obtaining a fair price for the significant value that our products offer and ensuring that the sales prices charged for our products appropriately consider changes in the costs we incur to procure inventory for the products we offer. Gross profit is utilized to evaluate the effectiveness of the Company's purchasing functions in controlling the costs we incur in procuring inventory and the effectiveness and efficiency of the Company's manufacturing operations in converting inventory into finished products. The CODM does not utilize segment asset information to evaluate performance and make resource allocation decisions, primarily because the Parts segment operates as a distributor and accordingly, does not have a significant amount of assets. Therefore, disclosures of assets for the segments are not provided. The accounting policies of the reportable segments are the same as those applied in preparation of the condensed consolidated financial statements included herein.

Significant reportable segment information provided to and used by the CODM in assessing performance and allocating resources is as follows:

Three Months EndedNine Months Ended
(in thousands of dollars)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Bus segment
Net sales (1)$491,696 $372,240 $1,124,445 $993,099 
Cost of goods sold400,623 299,029 917,858 815,082 
Segment gross profit$91,073 $73,211 $206,587 $178,017 
Parts segment
Net sales (1)$25,464 $25,771 $78,434 $77,635 
Cost of goods sold13,163 13,054 39,771 38,553 
Segment gross profit$12,301 $12,717 $38,663 $39,082 
(1)    Parts segment revenue includes $1.6 million for each of the three months ended June 27, 2026 and June 28, 2025 and $4.2 million and $5.4 million for the nine months ended June 27, 2026 and June 28, 2025, respectively, related to inter-segment sales of parts that was eliminated by the Bus segment upon consolidation.
The following table is a reconciliation of segment gross profit to consolidated income before income taxes for the periods presented:
Three Months EndedNine Months Ended
(in thousands of dollars)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Bus segment gross profit
$91,073 $73,211 $206,587 $178,017 
Parts segment gross profit
12,301 12,717 38,663 39,082 
Segment gross profit$103,374 $85,928 $245,250 $217,099 
Adjustments:
Selling, general and administrative expenses(40,706)(35,859)(105,787)(100,277)
Interest expense(1,964)(1,738)(5,075)(5,466)
Interest income627 1,483 4,537 4,309 
Other income (expense), net (Notes 13 and 14)135,690 (580)132,557 2,780 
Income before income taxes
$197,021 $49,234 $271,482 $118,445 

Sales are attributable to geographic areas based on customer location and were as follows for the periods presented:
Three Months EndedNine Months Ended
(in thousands of dollars)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
U.S.
$472,300 $352,715 $1,067,750 $939,946 
Canada44,749 45,022 134,884 129,096 
Rest of world111 274 245 1,692 
Total net sales$517,160 $398,011 $1,202,879 $1,070,734