Segments (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Reporting Information by Segment

Total sales from foreign business units were approximately $54.2 million, $48.0 million, and $39.8 million for the years ended December 31, 2022, 2021 and 2020, respectively. Export sales from the Company's U.S. operations were approximately $31.7 million, $29.9 million, and $17.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. Sales made to customers in Canada accounted for approximately 4.3%, 4.6% and 4.8% of total net sales in 2022, 2021 and 2020, respectively. There are no other individual foreign countries for which sales are material. Long-lived assets in foreign countries, primarily in Canada, consisted of property, plant and equipment, and were approximately $10.4 million and $11.3 million at December 31, 2022 and 2021, respectively.

	2022			2021			2020
Net Sales
Material Handling	$	647,619		$	564,068		$	343,884
Distribution		251,966			197,427			166,544
Inter-company sales		(38	)		(60	)		(59	)
Total net sales	$	899,547		$	761,435		$	510,369
Operating income
Material Handling (2)	$	104,079		$	62,187		$	55,072
Distribution (3) (4)		15,862			15,428			12,157
Corporate (1) (4) (5)		(36,000	)		(28,314	)		(13,679	)
Total operating income		83,941			49,301			53,550
Interest expense, net		(5,731	)		(4,208	)		(4,688	)
Income before income taxes	$	78,210		$	45,093		$	48,862
Total Assets
Material Handling	$	385,722		$	370,499		$	292,596
Distribution		119,652			88,757			80,708
Corporate		37,260			25,293			26,711
Total assets	$	542,634		$	484,549		$	400,015
Capital Additions, Net
Material Handling	$	22,528		$	17,173		$	12,207
Distribution		705			402			931
Corporate		1,059			292			283
Total capital additions, net	$	24,292		$	17,867		$	13,421
Depreciation and Amortization
Material Handling	$	17,814		$	17,803		$	17,834
Distribution		2,889			2,208			2,300
Corporate (6)		954			874			796
Total depreciation and amortization	$	21,657		$	20,885		$	20,930

(1) The Company recognized $1.4 million, $0.7 million and $0.5 million of expense to the estimated environmental reserve, net of expected insurance recoveries in the years ended December 31, 2022, 2021 and 2020, respectively, as described in Note 9. Environmental charges are not included in segment results and are shown with Corporate.

(2) In the year ended December 31, 2021, the Company recognized a $1.0 million gain on the sale of a building within the Material Handling Segment as described in Note 6.

(3) In the year ended December 31, 2022, the Company recognized a $0.6 million impairment loss on an investment in a legacy joint venture within the Distribution Segment as described in Note 1.

(4) In the year ended December 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.

(5) In the year ended December 31, 2020, the Company recognized an $11.9 million gain related to the sale of the HC notes receivable and the release of a lease guarantee as discussed in Note 1.

(6) Corporate depreciation and amortization includes amortization of deferred financing costs of $0.4 million, $0.5 million and $0.4 million in the years ended December 31, 2022, 2021 and 2020, respectively.