Revenue and Segment Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Revenue and Segment Information

Revenue and Segment Information

Revenues from Contracts with Customers

Disaggregation of revenue is presented in the tables below by product type and by geographical location. Management has determined that this level of disaggregation would be beneficial to users of the financial statements.

Revenue by Product Type
	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Net Sales
Wholegoods	$	282,619	$	251,712	$	877,446	$	761,674
Parts	76,047		74,009		214,844		201,601
Other	10,127		12,590		34,722		33,775
Consolidated	$	368,793	$	338,311	$	1,127,012	$	997,050

Other includes rental sales, extended warranty sales and service sales as it is considered immaterial.

Revenue by Geographical Location
	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Net Sales
United States	$	264,915	$	249,024	$	803,204	$	710,814
France	18,369		21,236		65,086		69,252
Canada	24,753		15,499		68,482		60,383
United Kingdom	17,613		15,524		52,682		43,840
Netherlands	8,570		6,624		15,912		22,789
Brazil	9,688		9,212		36,891		23,396
Australia	7,513		4,999		20,454		14,588
Germany	2,757		2,665		4,515		6,497
Other	14,615		13,528		59,786		45,491
Consolidated	$	368,793	$	338,311	$	1,127,012	$	997,050

Net sales are attributed to countries based on the location of the customer.

Segment Information

The following includes a summary of the unaudited financial information by reporting segment at September 30, 2022:  

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Net Sales
Vegetation Management	$	228,511	$	209,796	$	704,520	$	608,345
Industrial Equipment	140,282		128,515		422,492		388,705
Consolidated	$	368,793	$	338,311	$	1,127,012	$	997,050
Income from Operations
Vegetation Management	$	27,130	$	21,375	$	78,261	$	60,789
Industrial Equipment	8,710		8,668		27,614		28,282
Consolidated	$	35,840	$	30,043	$	105,875	$	89,071

(in thousands)	September 30, 2022		December 31, 2021
Goodwill
Vegetation Management	$	125,608	$	132,963
Industrial Equipment	67,338		69,443
Consolidated	$	192,946	$	202,406
Total Identifiable Assets
Vegetation Management	$	873,055	$	789,838
Industrial Equipment	454,736		415,904
Consolidated	$	1,327,791	$	1,205,742