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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2022
Business Acquisition [Line Items]  
Summary of Net Assets Acquired from Acquisition

The following table summarizes the net assets acquired by segment from the 2021 acquisitions (amounts in millions):

 

 

Material Handling

 

Construction

 

Total

 

Cash

$

0.5

 

$

1.2

 

$

1.7

 

Accounts receivable, net of allowances

 

0.9

 

 

7.8

 

 

8.7

 

Inventories, net

 

0.6

 

 

28.2

 

 

28.8

 

Prepaid expenses and other current assets

 

0.4

 

 

0.6

 

 

1.0

 

Rental fleet, net

 

 

 

13.1

 

 

13.1

 

Property and equipment, net

 

0.6

 

 

3.0

 

 

3.6

 

Other intangible assets, net

 

0.9

 

 

19.0

 

 

19.9

 

Goodwill

 

1.5

 

 

19.6

 

 

21.1

 

Total Assets

$

5.4

 

$

92.5

 

$

97.9

 

 

 

 

 

 

 

 

Floor plan payable

 

 

 

(17.1

)

 

(17.1

)

Accounts payable

 

(0.3

)

 

(4.7

)

 

(5.0

)

Accrued expenses

 

(0.1

)

 

(2.7

)

 

(2.8

)

Customer deposits

 

(0.3

)

 

(1.5

)

 

(1.8

)

Other current liabilities

 

(0.9

)

 

 

 

(0.9

)

Deferred tax liability

 

 

 

(3.7

)

 

(3.7

)

Other liabilities

 

 

 

(0.7

)

 

(0.7

)

Total liabilities

$

(1.6

)

$

(30.4

)

$

(32.0

)

 

 

 

 

 

 

 

Net Assets Acquired

$

3.8

 

$

62.1

 

$

65.9

 

 

 

 

 

 

 

 

Assets acquired net of cash

$

3.3

 

$

60.9

 

$

64.2