Industry Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Reporting Information by Segment

Summarized segment detail for the quarters and nine months ended September 30, 2020 and 2019 are presented in the following table:

	For the Quarter Ended September 30,						For the Nine Months Ended September 30,
	2020			2019			2020			2019
Net Sales
Material Handling	$	86,769		$	84,110		$	251,700		$	282,963
Distribution		45,517			41,388			121,253			115,957
Inter-company sales		(28	)		(18	)		(51	)		(40	)
Total net sales	$	132,258		$	125,480		$	372,902		$	398,880
Operating income
Material Handling (1)	$	15,593		$	10,385		$	46,556		$	44,181
Distribution		5,091			3,382			8,577			6,923
Corporate (1) (2) (3)		(7,544	)		(5,707	)		(6,439	)		(22,644	)
Total operating income		13,140			8,060			48,694			28,460
Interest expense, net		(1,204	)		(993	)		(3,467	)		(3,059	)
Income from continuing operations before income taxes	$	11,936		$	7,067		$	45,227		$	25,401

(1) In the quarter and nine months ended September 30, 2020, the Company incurred $2.4 million of executive severance charges, of which $1.5 million is included in Corporate and $0.9 million is included in Material Handling. This executive severance cost includes $1.8 million of severance and benefits and $0.6 million of charges for acceleration of stock compensaton.

(2) In the nine months ended September 30, 2020, the Company recognized in Corporate a $11.9 million gain on the sale of notes receivable as described in Note 5.

(3) In the nine months ended September 30, 2019, the Company recognized in Corporate a $4.0 million environmental charge as described in Note 12.