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Segments - Schedule of reporting information by segment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]      
Net sales $ 813,067 $ 899,547 $ 761,435
Total operating income 72,405 83,941 49,301
Interest expense, net (6,349) (5,731) (4,208)
Income before income taxes 66,056 78,210 45,093
Total Assets 541,631 542,634 484,549
Capital Additions, net 22,855 24,292 17,867
Depreciation and Amortization 23,099 21,657 20,885
Operating Segments [Member] | Material Handling [Member]      
Segment Reporting Information [Line Items]      
Net sales 555,259 647,619 564,068
Total operating income [1] 100,088 104,079 62,187
Total Assets 383,734 385,722 370,499
Capital Additions, net 20,452 22,528 17,173
Depreciation and Amortization 18,917 17,814 17,803
Operating Segments [Member] | Distribution [Member]      
Segment Reporting Information [Line Items]      
Net sales 257,875 251,966 197,427
Total operating income [2],[3] 10,967 15,862 15,428
Total Assets 112,323 119,652 88,757
Capital Additions, net 1,666 705 402
Depreciation and Amortization 3,197 2,889 2,208
Inter-company sales [Member]      
Segment Reporting Information [Line Items]      
Net sales (67) (38) (60)
Corporate [Member]      
Segment Reporting Information [Line Items]      
Total operating income [2],[5] (38,650) [4] (36,000) (28,314)
Total Assets 45,574 37,260 25,293
Capital Additions, net 737 1,059 292
Depreciation and Amortization [6] $ 985 $ 954 $ 874
[1] In the year ended December 31, 2023, the Company recognized a $10 million recovery of legal costs within the Material Handling Segment related to a settlement agreement with one of its insurers, as described in Note 9. $6.7 million of these recovered costs were originally incurred prior to 2023.
[2] In the year ended December 31, 2023, the Company recognized $0.7 million of executive severance, of which $0.4 million was recognized in the Distribution Segment related to severance and $0.3 million was recognized in Corporate related to charges for acceleration of stock compensation.
[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] Corporate includes $1.3 million of consulting costs to improve the Company's capabilities to screen and execute large acquisitions in addition to $2.6 million of acquisition related costs associated with the Signature acquisition, as described in Note 15, for the year ended December 31, 2023.
[5] The Company recognized $3.2 million, $1.4 million and $0.7 million of expense to the estimated environmental reserve, net of expected insurance recoveries in the years ended December 31, 2023, 2022 and 2021, respectively, as described in Note 9. Environmental charges are not included in segment results and are shown with Corporate.
[6] Corporate depreciation and amortization includes amortization of deferred financing costs of $0.3 million, $0.4 million and $0.5 million in the years ended December 31, 2023, 2022 and 2021, respectively.