2023 Q4 Form 10-K Financial Statement

#000158952623000124 Filed on December 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $317.7M $294.3M $1.133B
YoY Change 23.28% 42.8% 41.49%
Cost Of Revenue $254.1M $248.5M $993.9M
YoY Change -3.04% 34.71% 30.08%
Gross Profit $63.56M $45.75M $138.9M
YoY Change -1544.17% 111.87% 279.93%
Gross Profit Margin 20.01% 15.55% 12.26%
Selling, General & Admin $25.60M $26.33M $87.19M
YoY Change 37.28% 28.4% 12.88%
% of Gross Profit 40.28% 57.55% 62.8%
Research & Development $6.600M
YoY Change 8.2%
% of Gross Profit 4.75%
Depreciation & Amortization $3.618M $5.009M $15.98M
YoY Change -8.66% 46.85% 13.72%
% of Gross Profit 5.69% 10.95% 11.51%
Operating Expenses $25.60M $26.33M $93.79M
YoY Change 37.28% 28.4% 12.53%
Operating Profit $37.96M $19.42M $51.66M
YoY Change -264.66% 1685.11% -226.92%
Interest Expense $3.631M $4.507M $18.01M
YoY Change -170.03% 15.33% 22.74%
% of Operating Profit 9.57% 23.21% 34.87%
Other Income/Expense, Net -$1.221M -$6.421M -$8.307M
YoY Change -266.8% -973.61% -381.88%
Pretax Income $32.63M $8.740M $25.81M
YoY Change -218.35% -519.18% -148.64%
Income Tax $8.446M $1.884M $8.953M
% Of Pretax Income 25.88% 21.56% 34.69%
Net Earnings $26.15M $9.358M $23.81M
YoY Change -213.23% -245.42% -152.04%
Net Earnings / Revenue 8.23% 3.18% 2.1%
Basic Earnings Per Share $0.81 $0.29 $0.74
Diluted Earnings Per Share $0.81 $0.29 $0.74
COMMON SHARES
Basic Shares Outstanding 32.17M shares 32.07M shares 32.07M shares
Diluted Shares Outstanding 32.43M shares 32.60M shares 32.26M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.30M $50.50M $78.99M
YoY Change 637.63% 90.49% 653.77%
Cash & Equivalents $77.30M $50.50M $78.99M
Short-Term Investments
Other Short-Term Assets $12.49M $9.614M $9.215M
YoY Change 47.12% -2.9% 8.59%
Inventory $142.5M $129.2M $135.3M
Prepaid Expenses
Receivables $11.11M $11.43M $12.57M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $243.3M $200.7M $236.1M
YoY Change 39.47% -24.58% 35.3%
LONG-TERM ASSETS
Property, Plant & Equipment $95.56M $96.09M $96.14M
YoY Change -5.01% -5.91% -6.07%
Goodwill $18.83M $18.83M
YoY Change 0.0% 0.0%
Intangibles $44.96M $45.93M
YoY Change -5.22% -4.19%
Long-Term Investments $24.01M $14.83M $17.62M
YoY Change 125.23% 31.06% 65.3%
Other Assets $2.723M $1.802M $3.700M
YoY Change 83.74% 2.1% -70.13%
Total Long-Term Assets $187.9M $189.3M $181.7M
YoY Change -1.94% -3.92% -5.19%
TOTAL ASSETS
Total Short-Term Assets $243.3M $200.7M $236.1M
Total Long-Term Assets $187.9M $189.3M $181.7M
Total Assets $431.3M $390.0M $417.8M
YoY Change 17.79% -15.8% 14.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.9M $136.2M $137.1M
YoY Change 5.53% 4.83% 27.06%
Accrued Expenses $39.06M $35.09M $41.20M
YoY Change 69.28% 39.76% 63.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $19.80M $20.38M
YoY Change -74.75% 6.66% 0.08%
Total Short-Term Liabilities $187.8M $217.7M $229.6M
YoY Change 13.97% 16.58% 39.35%
LONG-TERM LIABILITIES
Long-Term Debt $93.49M $115.1M $111.5M
YoY Change -28.3% -14.73% -26.61%
Other Long-Term Liabilities $8.522M $8.181M $34.10M
YoY Change -23.27% -31.14% -28.96%
Total Long-Term Liabilities $167.9M $161.9M $145.6M
YoY Change -16.04% -36.38% -27.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $187.8M $217.7M $229.6M
Total Long-Term Liabilities $167.9M $161.9M $145.6M
Total Liabilities $355.7M $379.6M $377.8M
YoY Change -2.48% -13.97% 3.57%
SHAREHOLDERS EQUITY
Retained Earnings -$29.55M -$74.32M
YoY Change -62.84% 31.73%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.28M $50.28M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $75.58M $10.44M $40.00M
YoY Change
Total Liabilities & Shareholders Equity $431.3M $390.0M $417.8M
YoY Change 17.79% -15.8% 14.1%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $26.15M $9.358M $23.81M
YoY Change -213.23% -245.42% -152.04%
Depreciation, Depletion And Amortization $3.618M $5.009M $15.98M
YoY Change -8.66% 46.85% 13.72%
Cash From Operating Activities $217.0K $39.42M $119.9M
YoY Change -99.28% -191.58% -590.76%
INVESTING ACTIVITIES
Capital Expenditures $2.904M $2.650M $8.520M
YoY Change -270.32% -308.66% -232.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$2.904M -$2.650M -$8.520M
YoY Change 70.32% 108.66% 32.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $376.0K
YoY Change -100.51%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $995.0K -4.041M -$42.90M
YoY Change -102.24% -107.22% -244.64%
NET CHANGE
Cash From Operating Activities $217.0K 39.42M $119.9M
Cash From Investing Activities -$2.904M -2.650M -$8.520M
Cash From Financing Activities $995.0K -4.041M -$42.90M
Net Change In Cash -$1.692M 32.72M $68.51M
YoY Change -89.44% 181.09% -5669.84%
FREE CASH FLOW
Cash From Operating Activities $217.0K $39.42M $119.9M
Capital Expenditures $2.904M $2.650M $8.520M
Free Cash Flow -$2.687M $36.77M $111.4M
YoY Change -108.47% -188.02% -719.48%

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ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 us-gaap Paid In Kind Interest
PaidInKindInterest
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CY2022 us-gaap Paid In Kind Interest
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CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
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CY2023 us-gaap Inventory Write Down
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CY2022 us-gaap Inventory Write Down
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CY2021 us-gaap Inventory Write Down
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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IncreaseDecreaseInInventories
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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IncreaseDecreaseInOtherOperatingAssets
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CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2023 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Payments To Acquire Productive Assets
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CY2022 us-gaap Payments To Acquire Productive Assets
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2023 us-gaap Proceeds From Sale Of Productive Assets
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CY2022 us-gaap Proceeds From Sale Of Productive Assets
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CY2021 us-gaap Proceeds From Sale Of Productive Assets
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2023 us-gaap Repayments Of Lines Of Credit
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CY2022 us-gaap Repayments Of Lines Of Credit
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CY2021 us-gaap Repayments Of Lines Of Credit
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CY2023 us-gaap Repayments Of Medium Term Notes
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CY2022 us-gaap Repayments Of Medium Term Notes
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CY2021 us-gaap Repayments Of Medium Term Notes
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2023 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2021 us-gaap Payments Of Stock Issuance Costs
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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68509000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2023 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2022 blbd Increase Decrease Capital Expenditures Incurredbut Not Yet Paid
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CY2021 blbd Increase Decrease Capital Expenditures Incurredbut Not Yet Paid
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CY2023 blbd Proceeds From Stock Options Exercised Cashless
ProceedsFromStockOptionsExercisedCashless
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CY2022 blbd Proceeds From Stock Options Exercised Cashless
ProceedsFromStockOptionsExercisedCashless
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CY2021 blbd Proceeds From Stock Options Exercised Cashless
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023 blbd Right Of Use Assets Removed Due To Non Renewal Of Finance Lease
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CY2022 blbd Right Of Use Assets Removed Due To Non Renewal Of Finance Lease
RightOfUseAssetsRemovedDueToNonRenewalOfFinanceLease
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CY2021 blbd Right Of Use Assets Removed Due To Non Renewal Of Finance Lease
RightOfUseAssetsRemovedDueToNonRenewalOfFinanceLease
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CY2023 blbd Right Of Use Liabilities Removed Due To Non Renewal Of Finance Lease
RightOfUseLiabilitiesRemovedDueToNonRenewalOfFinanceLease
0 usd
CY2022 blbd Right Of Use Liabilities Removed Due To Non Renewal Of Finance Lease
RightOfUseLiabilitiesRemovedDueToNonRenewalOfFinanceLease
2593000 usd
CY2021 blbd Right Of Use Liabilities Removed Due To Non Renewal Of Finance Lease
RightOfUseLiabilitiesRemovedDueToNonRenewalOfFinanceLease
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5838000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13603000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-32656000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3539000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-45759000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2864000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1382000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1119000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4015000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
23812000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10046000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
39998000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates and Assumptions </span></div>The preparation of financial statements in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”) requires management to make estimates and assumptions. At the date of the financial statements, these estimates and assumptions affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, and during the reporting period, these estimates and assumptions affect the reported amounts of revenues and expenses. For example, significant management judgments are required in determining excess, obsolete, or unsalable inventory, allowance for doubtful accounts, potential impairment of long-lived assets, goodwill and intangible assets, the accounting for self-insurance reserves, warranty reserves, pension obligations, income taxes, environmental liabilities and contingencies. Future events, including the extent and duration of any COVID-19 outbreaks and continued supply chain constraints and their related economic impacts, and their effects cannot be predicted with certainty, and, accordingly, the Company’s accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of the Company’s consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. The Company evaluates and updates its assumptions and estimates on an ongoing basis and may employ outside experts to assist in the Company’s evaluations. Actual results could differ from the estimates that the Company has used.
CY2023 us-gaap Derivatives Methods Of Accounting Hedge Documentation
DerivativesMethodsOfAccountingHedgeDocumentation
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Derivative Instruments</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In limited circumstances, we may utilize derivative instruments to manage certain exposures to changes in foreign currency exchange rates or interest rates relating to variable rate debt. The fair values of all derivative instruments are recognized as assets or liabilities at the balance sheet date. Changes in the fair value of these derivative instruments are recognized in our operating results or included in other comprehensive income (loss), depending on whether the derivative instrument qualifies, and is appropriately designated, for hedge accounting treatment and if so, whether it represents a fair value or cash flow hedge. Gains and losses on derivative instruments are recognized in the operating results line item that reflects the underlying exposure that was mitigated either via a formal hedge accounting relationship or economically.</span></div>
CY2023 blbd Extended Product Warranty Period
ExtendedProductWarrantyPeriod
P12M
CY2023 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Impairment of Long-Lived Assets</span></div>The Company reviews its long-lived assets, including property, plant and equipment, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. If we are required to analyze recoverability based on a triggering event, undiscounted future cash flows over the estimated remaining life of the asset, or asset group, are projected. If these projected cash flows are less than the carrying amount, an impairment loss is recognized to the extent the fair value of the asset less any costs of disposition is less than the carrying amount of the asset. Judgments regarding the existence of impairment indicators are based on market and operational performance. Evaluating potential impairment also requires estimates of future operating results and cash flows.
CY2023Q3 us-gaap Deferred Finance Costs Gross
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CY2022Q4 us-gaap Deferred Finance Costs Gross
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CY2023 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
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7348000 usd
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6920000 usd
CY2023 us-gaap Research And Development Expense
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6600000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6100000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5200000 usd
CY2023Q3 us-gaap Accounts Receivable Gross Current
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12674000 usd
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AccountsReceivableGrossCurrent
12634000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
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12574000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12534000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15970000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18550000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21374000 usd
CY2023 us-gaap Standard Product Warranty Accrual Period Increase Decrease
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CY2022 us-gaap Standard Product Warranty Accrual Period Increase Decrease
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CY2021 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
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CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15434000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15970000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
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18550000 usd
CY2022Q4 us-gaap Deferred Revenue
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CY2021Q4 us-gaap Deferred Revenue
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CY2020Q4 us-gaap Deferred Revenue
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22588000 usd
CY2023 us-gaap Deferred Revenue Additions
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CY2022 us-gaap Deferred Revenue Additions
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6847000 usd
CY2021 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
6192000 usd
CY2023 us-gaap Deferred Revenue Revenue Recognized1
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7685000 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
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8196000 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
8636000 usd
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
23123000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
18795000 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
20144000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
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8100000 usd
CY2023Q3 blbd Funds Payable Us Infrastructure Investment And Jobs Act
FundsPayableUSInfrastructureInvestmentAndJobsAct
18500000 usd
CY2023Q3 us-gaap Self Insurance Reserve Current
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4475000 usd
CY2022Q4 us-gaap Self Insurance Reserve Current
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3996000 usd
CY2023Q3 us-gaap Self Insurance Reserve Noncurrent
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1771000 usd
CY2022Q4 us-gaap Self Insurance Reserve Noncurrent
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1794000 usd
CY2023Q3 us-gaap Self Insurance Reserve
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6246000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
5790000 usd
CY2023 blbd Shippingand Handling Revenue1
ShippingandHandlingRevenue1
18500000 usd
CY2022 blbd Shippingand Handling Revenue1
ShippingandHandlingRevenue1
16000000 usd
CY2021 blbd Shippingand Handling Revenue1
ShippingandHandlingRevenue1
13400000 usd
CY2023 blbd Shipping Handling And Transportation Costs1
ShippingHandlingAndTransportationCosts1
16600000 usd
CY2022 blbd Shipping Handling And Transportation Costs1
ShippingHandlingAndTransportationCosts1
14300000 usd
CY2021 blbd Shipping Handling And Transportation Costs1
ShippingHandlingAndTransportationCosts1
11700000 usd
CY2022Q4 us-gaap Goodwill Gross
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18825000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
18825000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
88116000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
106070000 usd
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
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LeaseLiabilityPaymentsDueYearFive
208000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q3 blbd Lease Liability Payments Due After Year Five
LeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5874000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1625000 usd
CY2023Q3 blbd Lease Liability Payments Due
LeaseLiabilityPaymentsDue
7499000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
673000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
55000 usd
CY2023Q3 blbd Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
728000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5201000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1570000 usd
CY2023Q3 blbd Lease Liability
LeaseLiability
6771000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y6M
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.033
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
2688000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1572000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
60000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
171000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
570000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1132000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
626000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1424000 usd
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.48
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5200000 shares
CY2023Q3 blbd Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Percentage Of Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePercentageOfFairValue
1
CY2023Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
109187000 usd
CY2023Q3 us-gaap Purchase Obligation
PurchaseObligation
109187000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023 us-gaap Gross Profit
GrossProfit
138850000 usd
CY2022 us-gaap Gross Profit
GrossProfit
36546000 usd
CY2021 us-gaap Gross Profit
GrossProfit
72141000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25805000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-53051000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1978000 usd
CY2023 us-gaap Revenues
Revenues
1132793000 usd
CY2022 us-gaap Revenues
Revenues
800637000 usd
CY2021 us-gaap Revenues
Revenues
683995000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
8733000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
8789000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
8774000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
8717000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1132793000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
800637000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
683995000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
23812000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-45759000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-289000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32071940 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31020399 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27139054 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.48
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32071940 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31020399 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27139054 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32258652 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31020399 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27139054 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
516587 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.07
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
221946 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.19
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
60769 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.41
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
17493 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
18.86
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
19918 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.27
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
640353 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.38
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
387796 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
17.81
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
300000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3200000 usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1400000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
100000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1100000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1900000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
200000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
200000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
900000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
8636000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
41953000 usd
CY2023Q3 blbd Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
85602000 usd
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1300000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1600000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
500000 usd
CY2023 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
15300000 usd
CY2022 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
13600000 usd
CY2021 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
13800000 usd
CY2023Q3 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
8300000 usd
CY2022Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
0 usd
CY2009Q4 blbd Equity Method Investment Numberof Manufacturers
EquityMethodInvestmentNumberofManufacturers
2 manufacturer
CY2023 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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