Segment Information (Tables)
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9 Months Ended |
Jun. 27, 2026 |
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| Segment Reporting [Abstract] |
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| Schedule of Segment Reporting Information, by Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (in thousands of dollars) | June 27, 2026 | | June 28, 2025 | | June 27, 2026 | | June 28, 2025 | | Bus segment | | | | | | | | | Net sales (1) | $ | 491,696 | | | $ | 372,240 | | | $ | 1,124,445 | | | $ | 993,099 | | | Cost of goods sold | 400,623 | | | 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 sold | 13,163 | | | 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.
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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 27, 2026 | | June 28, 2025 | | June 27, 2026 | | June 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 income | 627 | | | 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 | |
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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 27, 2026 | | June 28, 2025 | | June 27, 2026 | | June 28, 2025 | U.S. | $ | 472,300 | | | $ | 352,715 | | | $ | 1,067,750 | | | $ | 939,946 | | | Canada | 44,749 | | | 45,022 | | | 134,884 | | | 129,096 | | | Rest of world | 111 | | | 274 | | | 245 | | | 1,692 | | | Total net sales | $ | 517,160 | | | $ | 398,011 | | | $ | 1,202,879 | | | $ | 1,070,734 | |
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