Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Results of Operations by Reportable Segment

The following table presents the Company’s results of operations by reportable segment for the three months ended June 30, 2022 (amounts in millions):

	Three Months Ended June 30, 2022
	Material Handling		Construction Equipment		Corporate			Total
New and used equipment sales	$	72.1	$	145.2	$	—		$	217.3
Parts sales		20.1		38.2		—			58.3
Service revenue		26.9		24.8		—			51.7
Rental revenue		14.2		29.4		—			43.6
Rental equipment sales		2.2		33.4		—			35.6
Total revenues	$	135.5	$	271.0	$	—		$	406.5
Interest expense		2.6		3.8		0.4			6.8
Depreciation and amortization		6.1		21.2		—			27.3
Income (loss) before taxes		4.9		6.3		(4.6	)		6.6

The following table presents the Company’s results of operations by reportable segment for the six months ended June 30, 2022 (amounts in millions):

	Six Months Ended June 30, 2022
	Material Handling		Construction Equipment		Corporate			Total
New and used equipment sales	$	139.0	$	229.9	$	—		$	368.9
Parts sales		39.3		72.4		—			111.7
Service revenue		53.6		46.3		—			99.9
Rental revenue		27.0		54.3		—			81.3
Rental equipment sales		2.2		74.2		—			76.4
Total revenues	$	261.1	$	477.1	$	—		$	738.2
Interest expense		4.9		7.3		0.7			12.9
Depreciation and amortization		11.4		40.1		—			51.5
Income (loss) before taxes		8.9		4.2		(7.7	)		5.4

The following table presents the Company’s results of operations by reportable segment for the three months ended June 30, 2021 (amounts in millions):

	Three Months Ended June 30, 2021
	Material Handling		Construction Equipment			Corporate			Total
New and used equipment sales	$	60.1	$	71.9		$	—		$	132.0
Parts sales		15.7		28.4			—			44.1
Service revenue		24.1		18.3			—			42.4
Rental revenue		11.4		26.8			—			38.2
Rental equipment sales		0.3		35.7			—			36.0
Total revenues	$	111.6	$	181.1		$	—		$	292.7
Interest expense		2.0		3.7			0.3			6.0
Depreciation and amortization		4.6		19.3			—			23.9
Income (loss) before taxes		1.9		(1.7	)		(14.9	)		(14.7	)

The following table presents the Company’s results of operations by reportable segment for the six months ended June 30, 2021 (amounts in millions):

	Six Months Ended June 30, 2021
	Material Handling		Construction Equipment			Corporate			Total
New and used equipment sales	$	117.5	$	138.3		$	—		$	255.8
Parts sales		30.9		54.6			—			85.5
Service revenue		46.7		34.4			—			81.1
Rental revenue		22.5		48.8			—			71.3
Rental equipment sales		0.8		67.0			—			67.8
Total revenues	$	218.4	$	343.1		$	—		$	561.5
Interest expense		4.2		6.8			0.8			11.8
Depreciation and amortization		9.2		36.1			—			45.3
Income (loss) before taxes		3.2		(5.0	)		(18.1	)		(19.9	)

Summary of Identified Assets by Reportable Segment

The following table presents the Company’s identified assets by reportable segment as of June 30, 2022 and December 31, 2021 (amounts in millions):

	June 30, 2022		December 31, 2021
Segment assets:
Material handling	$	360.0	$	325.1
Construction equipment		705.3		655.8
Corporate		5.8		1.7
Total assets	$	1,071.1	$	982.6