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Segments - Schedule of Reporting Information by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Net sales $ 220,236 $ 208,453 $ 427,338 $ 424,192
Total operating income 23,728 16,142 34,607 35,099
Interest expense, net (9,006) (1,790) (15,085) (3,436)
Income before income taxes 14,722 14,352 19,522 31,663
Operating Segments [Member] | Material Handling [Member]        
Segment Reporting Information [Line Items]        
Net sales 166,008 143,295 318,233 295,857
Total operating income [1],[2],[3] 28,701 24,828 50,957 50,179
Operating Segments [Member] | Distribution [Member]        
Segment Reporting Information [Line Items]        
Net sales 54,265 65,173 109,159 128,358
Total operating income [3],[4] 2,179 3,398 2,784 5,635
Inter-company sales [Member]        
Segment Reporting Information [Line Items]        
Net sales (37) (15) (54) (23)
Corporate [Member]        
Segment Reporting Information [Line Items]        
Total operating income [2],[4],[5] $ (7,152) $ (12,084) $ (19,134) $ (20,715)
[1]

(2) The Company recognized $1.3 million and $4.5 million of non-cash inventory step-up that was amortized to Cost of sales for the quarter and six months ended June 30, 2024, related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, as described in Note 3.

[2]

(3) The Company incurred $0.7 million and $4.1 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter and six months ended June 30, 2024, of which $0.5 million and $3.8 million are included in Corporate and $0.2 million and $0.3 million are included in Material Handling's results, for the quarter and six months ended June 30, 2024, respectively. Corporate costs also includes $1.3 million of consulting costs to improve the Company's capabilities to screen and execute large acquisitions in the three and six months ended June 30, 2023.

[3]

(4) The Company incurred $3.0 million and $3.2 million of restructuring costs associated with the restructuring initiatives described in Note 4, for the quarter and six months ended June 30, 2024, of which $2.2 million and $2.5 million are included in Material Handling and $0.8 million and $0.8 million are included in Distribution's results, for the quarter and six months ended June 30, 2024, respectively.

[4]

(5) In the three and six months ended June 30, 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 benefits and $0.3 million was recognized in Corporate related to charges for the acceleration of stock compensation.

[5]

(1) The Company recognized $0.1 million and $1.8 million of expense to the estimated environmental reserve, net of probable insurance recoveries for the quarters ended June 30, 2024 and 2023, respectively, and $(0.2) million and $2.3 million for the six months ended June 30, 2024 and 2023, respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate.