XML 34 R28.htm IDEA: XBRL DOCUMENT v3.24.3
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2024
Revenue Recognition [Abstract]  
Schedule of Revenue by Major Market

The Company’s revenue by major market is as follows:

 

 

 

For the Quarter Ended September 30, 2024

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

24,388

 

 

$

 

 

$

 

 

$

24,388

 

Vehicle

 

 

24,839

 

 

 

 

 

 

 

 

 

24,839

 

Food and beverage

 

 

15,949

 

 

 

 

 

 

 

 

 

15,949

 

Industrial

 

 

64,806

 

 

 

 

 

 

(35

)

 

 

64,771

 

Infrastructure

 

 

20,736

 

 

 

 

 

 

 

 

 

20,736

 

Auto aftermarket

 

 

 

 

 

54,384

 

 

 

 

 

 

54,384

 

Total net sales

 

$

150,718

 

 

$

54,384

 

 

$

(35

)

 

$

205,067

 

 

 

 

For the Quarter Ended September 30, 2023

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

21,740

 

 

$

 

 

$

 

 

$

21,740

 

Vehicle

 

 

29,770

 

 

 

 

 

 

 

 

 

29,770

 

Food and beverage

 

 

26,770

 

 

 

 

 

 

 

 

 

26,770

 

Industrial

 

 

54,204

 

 

 

 

 

 

(21

)

 

 

54,183

 

Infrastructure

 

 

 

 

 

 

 

 

 

 

 

 

Auto aftermarket

 

 

 

 

 

65,335

 

 

 

 

 

 

65,335

 

Total net sales

 

$

132,484

 

 

$

65,335

 

 

$

(21

)

 

$

197,798

 

 

 

 

For the Nine Months Ended September 30, 2024

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

74,254

 

 

$

 

 

$

 

 

$

74,254

 

Vehicle

 

 

83,621

 

 

 

 

 

 

 

 

 

83,621

 

Food and beverage

 

 

59,724

 

 

 

 

 

 

 

 

 

59,724

 

Industrial

 

 

179,561

 

 

 

 

 

 

(89

)

 

 

179,472

 

Infrastructure

 

 

71,791

 

 

 

 

 

 

 

 

 

71,791

 

Auto aftermarket

 

 

 

 

 

163,543

 

 

 

 

 

 

163,543

 

Total net sales

 

$

468,951

 

 

$

163,543

 

 

$

(89

)

 

$

632,405

 

 

 

 

For the Nine Months Ended September 30, 2023

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

75,900

 

 

$

 

 

$

 

 

$

75,900

 

Vehicle

 

 

97,983

 

 

 

 

 

 

 

 

 

97,983

 

Food and beverage

 

 

86,915

 

 

 

 

 

 

 

 

 

86,915

 

Industrial

 

 

167,543

 

 

 

 

 

 

(44

)

 

 

167,499

 

Infrastructure

 

 

 

 

 

 

 

 

 

 

 

 

Auto aftermarket

 

 

 

 

 

193,693

 

 

 

 

 

 

193,693

 

Total net sales

 

$

428,341

 

 

$

193,693

 

 

$

(44

)

 

$

621,990

 

 

Schedule of Balances included in Condensed Consolidated Statements of Financial Position (Unaudited) Related to Revenue Recognition

Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to revenue recognition include:

 

 

 

September 30,

 

 

December 31,

 

 

Statement of Financial
Position

 

 

2024

 

 

2023

 

 

Classification

Returns, discounts and other allowances

 

$

(1,054

)

 

$

(1,200

)

 

Trade accounts receivable

Right of return asset

 

$

577

 

 

$

432

 

 

Inventories, net

Customer deposits

 

$

(1,440

)

 

$

(2,017

)

 

Other current liabilities

Accrued rebates

 

$

(4,020

)

 

$

(4,441

)

 

Other current liabilities