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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill in Total and by Reportable Segment | The following table summarizes the changes in the carrying amount of goodwill in total and by reportable segment during the years ended December 31, 2024 and 2023:
| Material Handling |  |  | Construction Equipment |  |  | Master Distribution |  |  | Total |
Balance, December 31, 2022 | $ | 13.6 |  |  | $ | 38.0 |  |  | $ | 17.6 |  |  | $ | 69.2 |
Additions |  | 1.1 |  |  |  | 5.4 |  |  |  | — |  |  |  | 6.5 |
Adjustments to purchase price allocations |  | 0.3 |  |  |  | — |  |  |  | 0.7 |  |  |  | 1.0 |
Balance, December 31, 2023 | $ | 15.0 |  |  | $ | 43.4 |  |  | $ | 18.3 |  |  | $ | 76.7 |
Adjustments to purchase price allocations |  | — |  |  |  | 1.4 |  |  |  | — |  |  |  | 1.4 |
Translation adjustments |  | (0.3 | ) |  |  | (0.3 | ) |  |  | — |  |  |  | (0.6 | )
Balance, December 31, 2024 | $ | 14.7 |  |  | $ | 44.5 |  |  | $ | 18.3 |  |  | $ | 77.5 |
Schedule of Other Intangible Assets, Net | Other intangible assets, net consisted of the following:
| December 31, 2024 |
| Weighted Average Remaining Life (in years) |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer and supplier relationships |  | 6.6 |  |  | $ | 72.4 |  |  | $ | (24.3 | ) |  | $ | 48.1 |
Other intangibles |  | 3.0 |  |  |  | 14.3 |  |  |  | (7.7 | ) |  |  | 6.6 |
Total |  | 6.1 |  |  | $ | 86.7 |  |  | $ | (32.0 | ) |  | $ | 54.7 |
| December 31, 2023 |
| Weighted Average Remaining Life (in years) |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer and supplier relationships |  | 7.6 |  |  | $ | 73.6 |  |  | $ | (16.8 | ) |  | $ | 56.8 |
Other intangibles |  | 3.9 |  |  |  | 14.6 |  |  |  | (5.1 | ) |  |  | 9.5 |
Total |  | 7.0 |  |  | $ | 88.2 |  |  | $ | (21.9 | ) |  | $ | 66.3 |
Schedule of Estimated Amortization Expense Intangible Assets | As of December 31, 2024, estimated amortization expense for intangible assets for each of the next five years and thereafter was as follows:
Years ending December 31, | Amount |
2025 | $ | 9.9 |
2026 |  | 9.7 |
2027 |  | 8.9 |
2028 |  | 8.1 |
2029 |  | 7.3 |
Thereafter |  | 10.8 |
Total | $ | 54.7 |

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