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Segments - Schedule of Reporting Information by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Net sales $ 205,067 $ 197,798 $ 632,405 $ 621,990
Total operating income (loss) (4,764) 18,703 29,843 53,802
Interest expense, net (8,091) (1,539) (23,176) (4,975)
Income (loss) before income taxes (12,855) 17,164 6,667 48,827
Operating Segments [Member] | Material Handling [Member]        
Segment Reporting Information [Line Items]        
Net sales 150,718 132,484 468,951 428,341
Total operating income (loss) [1],[2],[3],[4] 886 19,978 51,843 70,157
Operating Segments [Member] | Distribution [Member]        
Segment Reporting Information [Line Items]        
Net sales 54,384 65,335 163,543 193,693
Total operating income (loss) [3],[5] 2,131 4,993 4,915 10,628
Inter-company sales [Member]        
Segment Reporting Information [Line Items]        
Net sales (35) (21) (89) (44)
Corporate [Member]        
Segment Reporting Information [Line Items]        
Total operating income (loss) [2],[3],[5],[6] $ (7,781) $ (6,268) $ (26,915) $ (26,983)
[1]

(2) The Company recognized $4.5 million of non-cash inventory step-up that was amortized to Cost of sales for the nine months ended September 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 $0.3 million and $4.4 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter and nine months ended September 30, 2024, respectively, of which $0.3 million and $4.1 million are included in Corporate, for the quarter and nine months ended September 30, 2024, respectively and $0.3 million is included in Material Handling's results, for the nine months ended September 30, 2024. Corporate costs also include $1.3 million of consulting costs to improve the Company's capabilities to screen and execute large acquisitions in the nine months ended September 30, 2023.

[3]

(4) The Company incurred $2.0 million and $5.3 million of restructuring costs associated with the restructuring initiatives described in Note 4, for the quarter and nine months ended September 30, 2024, of which $1.4 million and $3.9 million are included in Material Handling, $0.2 million and $1.0 million are included in Distribution's results and $0.4 million is included in Corporate's results, for the quarter and nine months ended September 30, 2024, respectively.

[4]

(6) The Company recognized $22.0 million of non-cash impairment charges, as described in Note 7, for the quarter and nine months ended September 30, 2024, which are included in Material Handling's results.

[5]

(5) The Company recognized $1.4 million of executive severance which is included in Corporate's results for the quarter and nine months ended September 30, 2024. In the nine months ended September 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.

[6]

(1) The Company recognized $(0.5) million and $(0.1) million of expense (income) to the estimated environmental reserve, net of probable insurance recoveries for the quarters ended September 30, 2024 and 2023, respectively, and $(0.7) million and $2.2 million for the nine months ended September 30, 2024 and 2023, respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate.