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Revenue and Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Disaggregation of revenue | Disaggregation of revenue is presented in the tables below by product type and by geographical location. Management has determined that this level of disaggregation would be beneficial to users of the financial statements.
Revenue by Product Type
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Net Sales |  |  |  |  |  |  |
Wholegoods | $ | 251,712 |  |  | $ | 212,918 |  |  | $ | 761,674 |  |  | $ | 663,306 |
Parts | 74,009 |  |  | 71,419 |  |  | 201,601 |  |  | 188,712 |
Other | 12,590 |  |  | 7,422 |  |  | 33,775 |  |  | 22,824 |
Consolidated | $ | 338,311 |  |  | $ | 291,759 |  |  | $ | 997,050 |  |  | $ | 874,842 |
Other includes rental sales, extended warranty sales and service sales as it is considered immaterial.
Revenue by Geographical Location
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Net Sales |  |  |  |  |  |  |
United States | $ | 249,024 |  |  | $ | 216,550 |  |  | $ | 710,814 |  |  | $ | 651,226 |
France | 21,236 |  |  | 20,075 |  |  | 69,252 |  |  | 58,686 |
Canada | 15,499 |  |  | 16,392 |  |  | 60,383 |  |  | 44,789 |
United Kingdom | 15,524 |  |  | 14,127 |  |  | 43,840 |  |  | 38,135 |
Netherlands | 6,624 |  |  | 5,547 |  |  | 22,789 |  |  | 19,433 |
Brazil | 9,212 |  |  | 3,937 |  |  | 23,396 |  |  | 12,200 |
Australia | 4,999 |  |  | 2,587 |  |  | 14,588 |  |  | 7,777 |
Germany | 2,665 |  |  | 2,233 |  |  | 6,497 |  |  | 7,081 |
Other | 13,528 |  |  | 10,311 |  |  | 45,491 |  |  | 35,515 |
Consolidated | $ | 338,311 |  |  | $ | 291,759 |  |  | $ | 997,050 |  |  | $ | 874,842 |
Schedule of financial information by segment | The following includes a summary of the unaudited financial information by reporting segment at September 30, 2021:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Net Sales |  |  |  |  |  |  |
Industrial | $ | 218,988 |  |  | $ | 196,241 |  |  | $ | 662,106 |  |  | $ | 608,473 |
Agricultural | 119,323 |  |  | 95,518 |  |  | 334,944 |  |  | 266,369 |
Consolidated | $ | 338,311 |  |  | $ | 291,759 |  |  | $ | 997,050 |  |  | $ | 874,842 |
Income from Operations |  |  |  |  |  |  |
Industrial | $ | 15,951 |  |  | $ | 19,238 |  |  | $ | 52,004 |  |  | $ | 51,453 |
Agricultural | 14,092 |  |  | 11,685 |  |  | 37,067 |  |  | 25,987 |
Consolidated | $ | 30,043 |  |  | $ | 30,923 |  |  | $ | 89,071 |  |  | $ | 77,440 |
(in thousands) | September 30, 2021 |  | December 31, 2020
Goodwill |  |  |
Industrial | $ | 180,094 |  |  | $ | 181,338 |
Agricultural | 13,478 |  |  | 13,794 |
Consolidated | $ | 193,572 |  |  | $ | 195,132 |
Total Identifiable Assets |  |  |
Industrial | $ | 920,525 |  |  | $ | 875,081 |
Agricultural | 297,253 |  |  | 246,778 |
Consolidated | $ | 1,217,778 |  |  | $ | 1,121,859 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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