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Revenue and Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Disaggregation of Revenue | Management has determined that this level of disaggregation would be beneficial to users of the financial statements.
Revenue by Product Type
| December 31,
(in thousands) | 2022 |  | 2021 |  | 2020
Net Sales |  |  |  |  |
Wholegoods | $ | 1,185,885 |  |  | $ | 1,024,158 |  |  | $ | 885,254 |
Parts | 280,261 |  |  | 262,432 |  |  | 247,126 |
Other * | 47,470 |  |  | 47,633 |  |  | 31,086 |
Consolidated | $ | 1,513,616 |  |  | $ | 1,334,223 |  |  | $ | 1,163,466 |
*Other includes rental sales, extended warranty sales and service sales as it is considered immaterial.
Schedule of Segment Reporting Information, by Segment | The following table presents the revenue and income from operations by reporting segment for the years ended December 31, 2022, 2021, and 2020:
| December 31,
(in thousands) | 2022 |  | 2021 |  | 2020
Net Revenue |  |  |  |  |
Vegetation Management | $ | 937,065 |  |  | $ | 812,676 |  |  | $ | 654,630 |
Industrial Equipment | 576,551 |  |  | 521,547 |  |  | 508,836 |
Consolidated | $ | 1,513,616 |  |  | $ | 1,334,223 |  |  | $ | 1,163,466 |
Income from Operations |  |  |  |  |
Vegetation Management | $ | 108,508 |  |  | $ | 78,917 |  |  | $ | 46,651 |
Industrial Equipment | 40,084 |  |  | 38,021 |  |  | 48,134 |
Consolidated | $ | 148,592 |  |  | $ | 116,938 |  |  | $ | 94,785 |
The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2022 and 2021:
| December 31,
(in thousands) | 2022 |  | 2021
Goodwill
Vegetation Management | $ | 127,562 |  |  | $ | 132,963 |
Industrial Equipment | 68,296 |  |  | 69,443 |
Consolidated | $ | 195,858 |  |  | $ | 202,406 |
Identifiable Assets
Vegetation Management | $ | 866,974 |  |  | $ | 789,838 |
Industrial Equipment | 441,534 |  |  | 415,904 |
Consolidated | $ | 1,308,508 |  |  | $ | 1,205,742 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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