2022 Q3 Form 10-Q Financial Statement

#000087952622000038 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $655.2M $642.8M $546.8M
YoY Change 35.76% 43.02% 39.48%
Cost Of Revenue $563.1M $564.7M $488.7M
YoY Change 30.5% 43.4% 41.72%
Gross Profit $92.01M $78.03M $58.06M
YoY Change 80.24% 40.33% 23.09%
Gross Profit Margin 14.04% 12.14% 10.62%
Selling, General & Admin $35.60M $38.32M $32.54M
YoY Change 34.05% 32.27% 10.19%
% of Gross Profit 38.69% 49.11% 56.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.94M $12.06M $8.225M
YoY Change -3.26% -50.73% 27.88%
% of Gross Profit 12.98% 15.45% 14.17%
Operating Expenses $35.60M $38.32M $32.54M
YoY Change 34.05% 32.27% 10.19%
Operating Profit $52.88M $35.91M $20.14M
YoY Change 189.52% 58.3% 79.54%
Interest Expense $5.210M $5.218M $4.913M
YoY Change -10.89% -13.52% -20.11%
% of Operating Profit 9.85% 14.53% 24.4%
Other Income/Expense, Net -$5.389M -$5.545M -$4.984M
YoY Change -4.02% -13.99% -19.14%
Pretax Income $47.49M $30.36M $15.15M
YoY Change 275.44% 87.0% 199.96%
Income Tax $11.10M $7.600M $3.100M
% Of Pretax Income 23.38% 25.03% 20.46%
Net Earnings $36.17M $22.55M $12.07M
YoY Change 228.58% 84.07% 275.32%
Net Earnings / Revenue 5.52% 3.51% 2.21%
Basic Earnings Per Share $0.75 $0.46 $0.25
Diluted Earnings Per Share $0.73 $0.46 $0.24
COMMON SHARES
Basic Shares Outstanding 48.55M shares 49.03M shares 49.00M shares
Diluted Shares Outstanding 49.40M shares 49.54M shares 49.73M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.48M $138.5M $72.79M
YoY Change 65.02% 3.06%
Cash & Equivalents $81.48M $138.5M $72.79M
Short-Term Investments
Other Short-Term Assets $7.977M $3.533M $3.494M
YoY Change 23.29% -13.56% -67.9%
Inventory $309.7M $305.3M $286.7M
Prepaid Expenses
Receivables $248.1M $231.6M $290.0M
Other Receivables $0.00 $3.356M $3.836M
Total Short-Term Assets $674.5M $707.4M $695.9M
YoY Change 15.86% 20.31% 12.13%
LONG-TERM ASSETS
Property, Plant & Equipment $252.4M $261.8M $243.8M
YoY Change 14.67% 20.13%
Goodwill $188.4M $188.4M $188.4M
YoY Change 0.0% 0.0% -5.57%
Intangibles $102.4M $105.6M $109.4M
YoY Change -31.0% -31.45% -32.09%
Long-Term Investments
YoY Change
Other Assets $51.56M $46.20M $41.04M
YoY Change 17.56% 8.3% 6.71%
Total Long-Term Assets $594.8M $582.9M $570.9M
YoY Change 0.95% -1.63% -5.74%
TOTAL ASSETS
Total Short-Term Assets $674.5M $707.4M $695.9M
Total Long-Term Assets $594.8M $582.9M $570.9M
Total Assets $1.269B $1.290B $1.267B
YoY Change 8.36% 9.3% 3.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $239.0M $304.8M $258.6M
YoY Change 31.89% 77.83% 51.29%
Accrued Expenses $158.3M $127.9M $114.0M
YoY Change 48.5% 15.28% -10.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $397.4M $432.7M $372.7M
YoY Change 37.98% 53.14% 24.81%
LONG-TERM LIABILITIES
Long-Term Debt $443.7M $454.5M $484.4M
YoY Change 5.85% 8.5% 8.06%
Other Long-Term Liabilities $34.71M $30.89M $27.08M
YoY Change 21.49% 16.33% 8.64%
Total Long-Term Liabilities $478.4M $485.4M $511.4M
YoY Change 6.85% 8.97% 8.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $397.4M $432.7M $372.7M
Total Long-Term Liabilities $478.4M $485.4M $511.4M
Total Liabilities $908.8M $951.9M $924.6M
YoY Change 15.75% 21.96% 12.2%
SHAREHOLDERS EQUITY
Retained Earnings $150.9M $118.8M $100.1M
YoY Change 24.24% 3.78% -5.98%
Common Stock $765.0K $764.0K $764.0K
YoY Change 0.79% 0.79% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $446.7M $435.5M $430.2M
YoY Change 8.83% 9.77% 14.79%
Treasury Stock Shares 28.51M shares 27.82M shares 27.45M shares
Shareholders Equity $360.1M $338.2M $342.3M
YoY Change
Total Liabilities & Shareholders Equity $1.269B $1.290B $1.267B
YoY Change 8.36% 9.3% 3.3%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $36.17M $22.55M $12.07M
YoY Change 228.58% 84.07% 275.32%
Depreciation, Depletion And Amortization $11.94M $12.06M $8.225M
YoY Change -3.26% -50.73% 27.88%
Cash From Operating Activities -$10.52M $117.2M -$34.57M
YoY Change -82.8% -995.93% 54.29%
INVESTING ACTIVITIES
Capital Expenditures -$19.94M -$12.42M $9.949M
YoY Change 118.37% 12.27% 138.87%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.445M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$19.94M -$12.42M -$8.504M
YoY Change 144.9% -225.26% 114.64%
FINANCING ACTIVITIES
Cash Dividend Paid $4.337M
YoY Change 1.98%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.55M -39.13M $44.09M
YoY Change 52.71% -50.13% -296.61%
NET CHANGE
Cash From Operating Activities -10.52M 117.2M -$34.57M
Cash From Investing Activities -19.94M -12.42M -$8.504M
Cash From Financing Activities -26.55M -39.13M $44.09M
Net Change In Cash -57.01M 65.69M $1.016M
YoY Change -34.23% -180.47% -102.08%
FREE CASH FLOW
Cash From Operating Activities -$10.52M $117.2M -$34.57M
Capital Expenditures -$19.94M -$12.42M $9.949M
Free Cash Flow $9.417M $129.7M -$44.52M
YoY Change -118.1% -6509.34% 67.55%

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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
187000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Depreciation
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Share Based Compensation
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us-gaap Asset Impairment Charges
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PaidInKindInterest
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DESCRIPTION OF THE BUSINESS &amp; BASIS OF PRESENTATION<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Wabash National Corporation (the “Company,” “Wabash,” “we,” “our,” or “us”) was founded in 1985 in Lafayette, Indiana as a dry van trailer manufacturer. The Company designs and manufactures a diverse range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. This diversification has been achieved through acquisitions, organic growth, and product innovation.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated financial statements of the Company have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statements contain all material adjustments (consisting only of normal recurring adjustments) necessary to present fairly the consolidated financial position of the Company, its results of operations, and its cash flows. The Company consolidates into its financial statements the accounts of the Company and any partially owned subsidiary it has the ability to control (see Note 5). The Company does not have any subsidiaries it consolidates based solely on the power to direct the activities and significant participation in the entity’s expected results that would not otherwise be consolidated based on control through voting interests. Further, its affiliates are businesses established and maintained in connection with its operating strategy and are not special purposes entities. All intercompany transactions and balances have been eliminated.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.</span></div>
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CY2022Q2 wnc Operating Leaseand Finance Lease Rightof Use Asset
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19139000 usd
CY2021Q4 wnc Operating Leaseand Finance Lease Rightof Use Asset
OperatingLeaseandFinanceLeaseRightofUseAsset
14037000 usd
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5160000 usd
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3507000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
59000 usd
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OperatingLeaseLiabilityNoncurrent
13980000 usd
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OperatingLeaseLiabilityNoncurrent
7872000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2022Q2 wnc Operating Leaseand Finance Lease Liability
OperatingLeaseandFinanceLeaseLiability
19140000 usd
CY2021Q4 wnc Operating Leaseand Finance Lease Liability
OperatingLeaseandFinanceLeaseLiability
11438000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1209000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1229000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
36000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
1209000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
1272000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2318000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2484000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
36000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
72000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
15000 usd
us-gaap Lease Cost
LeaseCost
2355000 usd
us-gaap Lease Cost
LeaseCost
2571000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3089000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
0 usd
CY2022Q2 wnc Operating Lease And Finance Lease Liability To Be Paid Remainder Of Fiscal Year
OperatingLeaseAndFinanceLeaseLiabilityToBePaidRemainderOfFiscalYear
3089000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5523000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0 usd
CY2022Q2 wnc Operating Lease And Finance Lease Liability To Be Paid Year One
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearOne
5523000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4408000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2022Q2 wnc Operating Lease And Finance Lease Liability To Be Paid Year Two
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearTwo
4408000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3386000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2022Q2 wnc Operating Lease And Finance Lease Liability To Be Paid Year Three
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearThree
3386000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2894000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q2 wnc Operating Lease And Finance Lease Liability To Be Paid Year Four
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearFour
2894000 usd
CY2022Q2 wnc Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
2025000 usd
CY2022Q2 wnc Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
0 usd
CY2022Q2 wnc Operating And Finance Lease Liability To Be Paid Due After Year Four
OperatingAndFinanceLeaseLiabilityToBePaidDueAfterYearFour
2025000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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21325000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
0 usd
CY2022Q2 wnc Operatingand Finance Lease Liability Payments Due
OperatingandFinanceLeaseLiabilityPaymentsDue
21325000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2185000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 usd
CY2022Q2 us-gaap Operating Lease Liability
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19140000 usd
CY2022Q2 us-gaap Finance Lease Liability
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0 usd
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P4Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y3M18D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P0Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P0Y1M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0502
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0512
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0616
us-gaap Operating Lease Payments
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2342000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2450000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
59000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
172000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
21206000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22045000 usd
CY2022Q2 wnc Chassis Converter Pool Liability Current
ChassisConverterPoolLiabilityCurrent
11217000 usd
CY2021Q4 wnc Chassis Converter Pool Liability Current
ChassisConverterPoolLiabilityCurrent
18185000 usd
CY2022Q2 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
17772000 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
15679000 usd
CY2022Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
26456000 usd
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
17646000 usd
CY2022Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
11073000 usd
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
11152000 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
3885000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4288000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5160000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3507000 usd
CY2022Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
16976000 usd
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
8425000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14182000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14389000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
127927000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
115316000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22045000 usd
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20570000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
663000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2652000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1502000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2237000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
21206000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20985000 usd
CY2022Q2 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
15226000 usd
CY2021Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
18670000 usd
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
454506000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
428315000 usd
CY2022Q2 wnc Chassis Converter Pool Liability Current
ChassisConverterPoolLiabilityCurrent
11200000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22552000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12252000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34626000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15469000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49034000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51272000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49019000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51697000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22552000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12252000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
34626000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15469000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49034000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51272000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49019000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51697000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
501000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
717000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
643000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
775000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49535000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51989000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49662000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52472000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
16200000 usd
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2021Q3 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
126100000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
17798000 usd
CY2022Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
3970000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13828000 usd
CY2022Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-14468000 usd
CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
5445000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19913000 usd
CY2021Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
15002000 usd
CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
775000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14227000 usd
CY2021Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
15562000 usd
CY2021Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
6264000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9298000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7600000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5800000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.273
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1000000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1100000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
700000 usd
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
800000 usd
CY2021Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
642769000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
642769000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
35908000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
449422000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
449422000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22684000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1189530000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1189530000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
56043000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
841425000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
841425000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
33899000 usd
CY2022Q2 wnc Number Of Product Categories
NumberOfProductCategories
4 product_category
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
642769000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
449422000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1189530000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
841425000 usd

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