XML 84 R76.htm IDEA: XBRL DOCUMENT v3.25.3
Segments - Schedule of Company's Operations by Segment, Including Revenue by Major Market (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Net sales $ 205,435 $ 205,067 $ 621,768 $ 632,405  
Cost of sales 136,865 139,937 413,458 427,489 [1]  
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  
Total assets 864,071 904,999 864,071 904,999 $ 860,815
Capital additions, net 4,245 7,178 15,935 17,302  
Depreciation and amortization [9] 10,229 10,739 31,273 30,078  
Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 66,774 64,771 192,336 179,472  
Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 27,276 20,736 84,309 71,791  
Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 21,943 24,839 73,013 83,621  
Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 20,174 24,388 67,118 74,254  
Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 17,301 15,949 52,790 59,724  
Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 51,967 54,384 152,202 163,543  
Operating Segments [Member] | Material Handling [Member]          
Segment Reporting Information [Line Items]          
Net sales 153,540 150,718 469,839 468,951  
Cost of sales 100,258 102,401 305,911 315,718 [1]  
Selling, general and administrative expenses 20,766 17,234 [2],[3],[4] 62,333 [5],[6] 59,652 [2],[3],[4]  
Depreciation and amortization 3,499 3,914 10,510 10,788  
Freight out 2,332 4,072 7,461 8,733  
(Gain) loss on disposal of fixed assets 112 195 198 201  
Impairment charges [7]   22,016   22,016  
Operating income (loss) [8] 26,573 886 83,426 51,843  
Total assets 704,301 752,137 704,301 752,137  
Capital additions, net 4,194 6,995 15,353 15,666  
Depreciation and amortization [9] 8,769 9,158 26,644 25,706  
Operating Segments [Member] | Material Handling [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 66,846 64,806 192,609 179,561  
Operating Segments [Member] | Material Handling [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 27,276 20,736 84,309 71,791  
Operating Segments [Member] | Material Handling [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 21,943 24,839 73,013 83,621  
Operating Segments [Member] | Material Handling [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 20,174 24,388 67,118 74,254  
Operating Segments [Member] | Material Handling [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 17,301 15,949 52,790 59,724  
Operating Segments [Member] | Material Handling [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member]          
Segment Reporting Information [Line Items]          
Net sales 51,967 54,384 152,202 163,543  
Cost of sales 36,679 37,571 107,820 111,860 [1]  
Selling, general and administrative expenses 14,123 13,686 [2],[3],[4] 42,629 [5],[6] 43,809 [2],[3],[4]  
Depreciation and amortization 632 738 2,074 2,199  
Freight out 180 260 656 709  
(Gain) loss on disposal of fixed assets (487) (2) (99) 51  
Impairment charges [7]   0   0  
Operating income (loss) [8] 840 2,131 (878) 4,915  
Total assets 96,458 105,816 96,458 105,816  
Capital additions, net 98 7 470 1,069  
Depreciation and amortization [9] 732 823 2,368 2,426  
Operating Segments [Member] | Distribution [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 51,967 54,384 152,202 163,543  
Corporate [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Cost of sales 0 0 0 0 [1]  
Selling, general and administrative expenses 9,537 7,566 [2],[3],[4] 27,589 [5],[6] 26,286 [2],[3],[4]  
Depreciation and amortization 187 216 641 628  
Freight out 0 0 0  
(Gain) loss on disposal of fixed assets 0 (1) 0 1  
Impairment charges [7]   0   0  
Operating income (loss) [8] (9,724) (7,781) (28,230) (26,915)  
Total assets 63,312 47,046 63,312 47,046  
Capital additions, net (47) 176 112 567  
Depreciation and amortization [9] 728 758 2,261 1,946  
Corporate [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member]          
Segment Reporting Information [Line Items]          
Net sales (72) (35) (273) (89)  
Cost of sales (72) (35) (273) (89) [1]  
Selling, general and administrative expenses 0 0 [2],[3],[4] 0 [5],[6] 0 [2],[3],[4]  
Depreciation and amortization 0 0 0 0  
Freight out 0 0 0 0  
(Gain) loss on disposal of fixed assets 0 0 0 0  
Impairment charges [7]   0   0  
Operating income (loss) [8] 0 0 0 0  
Total assets 0 0 0 0  
Capital additions, net 0 0 0 0  
Depreciation and amortization [9] 0 0 0 0  
Inter-company sales [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales (72) (35) (273) (89)  
Inter-company sales [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales $ 0 $ 0 $ 0 $ 0  
[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.
[9]

(7) Total depreciation and amortization inclusive of amounts within Cost of sales. Corporate depreciation and amortization includes amortization of deferred financing costs of $0.5 million and $0.5 million for the quarters ended September 30, 2025 and 2024, respectively, and $1.6 million and $1.3 million for the nine months ended September 30, 2025 and 2024, respectively.