XML 25 R18.htm IDEA: XBRL DOCUMENT
v3.25.2

Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 7 — GOODWILL AND OTHER INTANGIBLE ASSETS The following table summarizes the changes in the carrying amount of goodwill in total and by reportable segment for the six months ended June 30, 2025:
| Material Handling |  |  | Construction Equipment |  |  | Master Distribution |  |  | Total |
Balance, December 31, 2024 | $ | 14.7 |  |  | $ | 44.5 |  |  | $ | 18.3 |  |  | $ | 77.5 |
Additions |  | 0.6 |  |  |  | — |  |  |  | — |  |  |  | 0.6 |
Translation adjustments |  | 0.2 |  |  |  | 0.3 |  |  |  | — |  |  |  | 0.5 |
Balance, June 30, 2025 | $ | 15.5 |  |  | $ | 44.8 |  |  | $ | 18.3 |  |  | $ | 78.6 |
Goodwill is tested for impairment by reporting unit annually or more frequently if events or circumstances indicate that an impairment may exist. There were no indicators of potential impairment during the three and six months ended June 30, 2025. See Note 15, Business Combinations and Divestitures, for further information. The gross carrying amount and accumulated amortization of intangible assets as of June 30, 2025 and December 31, 2024 were as follows:
| June 30, 2025 |
| Weighted Average Remaining Life (in years) |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer and supplier relationships |  | 6.1 |  |  | $ | 72.8 |  |  | $ | (28.0 | ) |  | $ | 44.8 |
Other intangibles |  | 2.6 |  |  |  | 14.5 |  |  |  | (9.0 | ) |  |  | 5.5 |
Total |  | 5.7 |  |  | $ | 87.3 |  |  | $ | (37.0 | ) |  | $ | 50.3 |
| 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 |
Amortization of intangible assets was $2.5 million and $2.6 million for the three months ended June 30, 2025 and 2024, respectively, and $5.0 million and $5.2 million for the six months ended June 30, 2025 and 2024, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration