Industry Segments (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Reporting Information by Segment

Summarized segment detail for the quarters ended March 31, 2022 and 2021 are presented in the following table:

	For the Quarter Ended March 31,
	2022			2021
Net Sales
Material Handling	$	176,636		$	129,893
Distribution		48,861			44,550
Inter-company sales		(11	)		(14	)
Total net sales	$	225,486		$	174,429
Operating income
Material Handling	$	31,220		$	16,927
Distribution		3,301			1,438
Corporate (1)		(10,116	)		(7,500	)
Total operating income		24,405			10,865
Interest expense, net		(1,147	)		(995	)
Income before income taxes	$	23,258		$	9,870

(1)In the quarter ended March 31, 2021, the Company recognized $0.8 million of executive severance, of which $0.5 million was recognized in the Distribution Segment and $0.3 million was recognized in Corporate. This executive severance cost includes $0.5 million of severance and benefits and $0.3 million of charges for acceleration of stock compensation.