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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 205,435 $ 205,067 $ 621,768 $ 632,405
Cost of sales 136,865 139,937 413,458 427,489 [1]
Gross profit 68,570 65,130 208,310 204,916
Selling, general and administrative expenses 44,426 38,486 [2],[3],[4] 132,551 [5],[6] 129,747 [2],[3],[4]
Depreciation and amortization 4,318 4,868 13,225 13,615
Freight out 2,512 4,332 8,117 9,442
(Gain) loss on disposal of fixed assets (375) 192 99 253
Impairment charges 0 22,016 [7] 0 22,016 [7]
Operating income (loss) [8] 17,689 (4,764) 54,318 29,843
Interest expense, net 7,497 8,091 22,247 23,176
Income (loss) before income taxes 10,192 (12,855) 32,071 6,667
Income tax expense (benefit) 3,104 (1,977) 8,473 3,763
Net income (loss) $ 7,088 $ (10,878) $ 23,598 $ 2,904
Net income (loss) per common share:        
Basic $ 0.19 $ (0.29) $ 0.63 $ 0.08
Diluted $ 0.19 $ (0.29) $ 0.63 $ 0.08
[1]

(5) The Company recognized $4.5 million of non-cash inventory step-up that was amortized to Cost of sales for the nine months ended September 30, 2024, related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, described in Note 3.
[2]

(6) The Company incurred $0.3 million and $4.4 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter and nine months ended September 30, 2024, of which $0.3 million and $4.1 million are included in Corporate for the quarter and nine months ended September 30, 2024, respectively and $0.3 million is included in Material Handling's results for the nine months ended September 30, 2024.
[3]

(1) The Company recognized $(0.5) million and $(0.7) million of expense (income) to the estimated environmental reserve, net of probable insurance recoveries for the quarter and nine months ended September 30, 2024, respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate.
[4] (8) The Company recognized $1.4 million of executive severance which is included in Corporate's results for the quarter and nine months ended September 30, 2024.
[5]

(3) During the nine months ended September 30, 2025, the Company recognized a $1.6 million pre-tax pension settlement charge within the Material Handling segment, as described in Note 1.

[6]

(4) The Company recognized a $3.2 million recovery of purchased credit deteriorated assets for the nine months ended September 30, 2025, as described in Note 3. The recovery was recognized as a reduction to bad debt expense included in Selling, general and administrative within the Material Handling segment.
[7]

(9) The Company recognized $22.0 million of non-cash impairment charges, as described in Note 7, for the quarter and nine months ended September 30, 2024, which are included in Material Handling's results.
[8]

(2) The Company incurred $3.2 million and $9.7 million of restructuring costs associated with the restructuring initiatives described in Note 4, for the quarter and nine months ended September 30, 2025, of which $1.5 million and $2.6 million are included in Material Handling, $0.1 million and $3.1 million are included in Distribution and $1.7 million and $4.0 million are included with Corporate's results, respectively. The Company incurred $2.0 million and $5.3 million of restructuring costs associated with the restructuring initiatives described in Note 4, for the quarter and nine months ended September 30, 2024, of which $1.4 million and $3.9 million are included in Material Handling and $0.2 million and $1.0 million are included in Distribution's results, respectively and $0.4 million is included in Corporate's results, for the quarter and nine months ended September 30, 2024.