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Industry Segments (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Reporting Information by Segment

Summarized segment detail for the quarters ended March 31, 2020 and 2019 are presented in the following table:

 

 

For the Quarter Ended March 31,

 

 

2020

 

 

2019

 

Net Sales

 

 

 

 

 

 

 

Material Handling

$

84,076

 

 

$

102,951

 

Distribution

 

38,195

 

 

 

36,174

 

Inter-company sales

 

(21

)

 

 

(10

)

Total net sales

$

122,250

 

 

$

139,115

 

 

 

 

 

 

 

 

 

Operating income

 

 

 

 

 

 

 

Material Handling

$

15,167

 

 

$

16,207

 

Distribution

 

1,850

 

 

 

213

 

Corporate (1)

 

6,281

 

 

 

(6,202

)

Total operating income

 

23,298

 

 

 

10,218

 

Interest expense, net

 

(1,069

)

 

 

(1,049

)

Income from continuing operations before income taxes

$

22,229

 

 

$

9,169

 

 

 

(1)

Corporate results for the quarter ended March 31, 2020 include the $11.9 million gain on sale of notes receivable as described in Note 5.