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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2026
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 value of goodwill in total and by reportable segment during the three months ended March 31, 2026:
| Material Handling |  |  | Construction Equipment |  |  | Master Distribution |  |  | Total |
Balance, December 31, 2025 | $ | 14.7 |  |  | $ | 44.8 |  |  | $ | 18.3 |  |  | $ | 77.8 |
Divestiture |  | (0.3 | ) |  |  | — |  |  |  | — |  |  |  | (0.3 | )
Translation adjustments |  | — |  |  |  | (0.1 | ) |  |  | — |  |  |  | (0.1 | )
Balance, March 31, 2026 | $ | 14.4 |  |  | $ | 44.7 |  |  | $ | 18.3 |  |  | $ | 77.4 |
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 months ended March 31, 2026. See Note 15, Divestiture, for further information. Other intangible assets, net consisted of the following:
| March 31, 2026 |
| Weighted Average Remaining Life (in years) |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer and supplier relationships |  | 5.4 |  |  | $ | 72.8 |  |  | $ | (33.8 | ) |  | $ | 39.0 |
Other intangibles |  | 3.2 |  |  |  | 18.8 |  |  |  | (11.4 | ) |  |  | 7.4 |
Total |  | 4.7 |  |  | $ | 91.6 |  |  | $ | (45.2 | ) |  | $ | 46.4 |
| December 31, 2025 |
| Weighted Average Remaining Life (in years) |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer and supplier relationships |  | 5.6 |  |  | $ | 72.9 |  |  | $ | (31.9 | ) |  | $ | 41.0 |
Other intangibles |  | 3.0 |  |  |  | 17.7 |  |  |  | (10.7 | ) |  |  | 7.0 |
Total |  | 5.0 |  |  | $ | 90.6 |  |  | $ | (42.6 | ) |  | $ | 48.0 |
Amortization of intangible assets was $2.6 million and $2.5 million for the three months ended March 31, 2026 and 2025, respectively.

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- 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
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