XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.23.2

Subsequent Event | 6 Months Ended
--- | ---
Jun. 30, 2023
Subsequent Events [Abstract] |
Subsequent Event | 19. Subsequent Event On August 1, 2023, the Company acquired 100% of the AeroTech business (AeroTech) from JBT Corporation. AeroTech is a leading provider of aviation ground support products, gate equipment and airport services to commercial airlines, airports, air-freight carriers, ground handling and military customers, for $800 million, subject to customary adjustments. AeroTech will be part of the Vocational segment. Due to the proximity of the closing date of the acquisition to the date of this filing, the initial accounting for the business combination is incomplete. As a result, the Company is unable to disclose certain information including the provisional fair value estimates of the identifiable net assets acquired and goodwill at this time. The Company will provide a preliminary purchase price allocation with its third quarter Quarterly Report on Form 10-Q. On July 24, 2023, the Company completed the sale of its 49% interest in the Mezcladoras Trailers de Mexico, S.A. de C.V. (Mezcladoras) joint venture for $2.9 million. A loss of approximately $1.9 million on the sale will be recognized during the third quarter of fiscal 2023, primarily to eliminate the cumulative translation adjustm ents related to Mezcladoras upon liquidation of the investment. On July 24, 2023, the Company completed the sale of its snow removal business fo r $17.1 million. The Company expects to recognize a gain on the transaction in the third quarter of fiscal 2023.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration