v3.25.2
Segments - Schedule of Company's Operations by Segment, Including Revenue by Major Market (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Net sales $ 209,583 $ 220,236 $ 416,333 $ 427,338  
Cost of sales 138,921 144,719 [1] 276,593 287,552 [1]  
Selling, general and administrative expenses 43,370 [2],[3] 44,148 [4],[5] 88,125 [2],[3] 91,261 [4],[5]  
Depreciation and amortization 4,449 4,826 8,907 8,747  
Freight out 2,793 2,687 5,605 5,110  
(Gain) loss on disposal of fixed assets 71 128 474 61  
Operating income [6] 19,979 23,728 36,629 34,607  
Interest expense, net 7,364 9,006 14,750 15,085  
Income before income taxes 12,615 14,722 21,879 19,522  
Total assets 862,714 951,633 862,714 951,633 $ 860,815
Capital additions, net 3,607 4,417 11,690 10,124  
Depreciation and amortization [7] 10,609 10,611 21,044 19,339  
Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 64,059 61,104 125,562 114,701  
Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 29,328 31,728 57,033 51,055  
Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 24,727 29,372 51,070 58,782  
Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 26,121 27,565 46,944 49,866  
Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 14,359 16,202 35,489 43,775  
Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 50,989 54,265 100,235 109,159  
Operating Segments [Member] | Material Handling [Member]          
Segment Reporting Information [Line Items]          
Net sales 158,627 166,008 316,299 318,233  
Cost of sales 102,897 108,171 [1] 205,653 213,317 [1]  
Selling, general and administrative expenses 20,100 [2],[3] 22,777 [4],[5] 41,567 [2],[3] 42,418 [4],[5]  
Depreciation and amortization 3,506 3,861 7,011 6,874  
Freight out 2,546 2,456 5,129 4,661  
(Gain) loss on disposal of fixed assets 106 42 86 6  
Operating income [6] 29,472 28,701 56,853 50,957  
Total assets 706,230 783,705 706,230 783,705  
Capital additions, net 3,206 3,465 11,159 8,671  
Depreciation and amortization [7] 9,029 9,023 17,875 16,548  
Operating Segments [Member] | Material Handling [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 64,092 61,141 125,763 114,755  
Operating Segments [Member] | Material Handling [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 29,328 31,728 57,033 51,055  
Operating Segments [Member] | Material Handling [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 24,727 29,372 51,070 58,782  
Operating Segments [Member] | Material Handling [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 26,121 27,565 46,944 49,866  
Operating Segments [Member] | Material Handling [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 14,359 16,202 35,489 43,775  
Operating Segments [Member] | Material Handling [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member]          
Segment Reporting Information [Line Items]          
Net sales 50,989 54,265 100,235 109,159  
Cost of sales 36,057 36,585 [1] 71,141 74,289 [1]  
Selling, general and administrative expenses 14,542 [2],[3] 14,434 [4],[5] 28,506 [2],[3] 30,123 [4],[5]  
Depreciation and amortization 715 752 1,442 1,461  
Freight out 247 231 476 449  
(Gain) loss on disposal of fixed assets (35) 84 388 53  
Operating income [6] (537) 2,179 (1,718) 2,784  
Total assets 96,802 108,790 96,802 108,790  
Capital additions, net 267 682 372 1,062  
Depreciation and amortization [7] 812 830 1,636 1,603  
Operating Segments [Member] | Distribution [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Operating Segments [Member] | Distribution [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 50,989 54,265 100,235 109,159  
Corporate [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Cost of sales 0 0 [1] 0 0 [1]  
Selling, general and administrative expenses 8,728 [2],[3] 6,937 [4],[5] 18,052 [2],[3] 18,720 [4],[5]  
Depreciation and amortization 228 213 454 412  
Freight out 0 0 0  
(Gain) loss on disposal of fixed assets 0 2 0 2  
Operating income [6] (8,956) (7,152) (18,506) (19,134)  
Total assets 59,682 59,138 59,682 59,138  
Capital additions, net 134 270 159 391  
Depreciation and amortization [7] 768 758 1,533 1,188  
Corporate [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Corporate [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member]          
Segment Reporting Information [Line Items]          
Net sales (33) (37) (201) (54)  
Cost of sales (33) (37) [1] (201) (54) [1]  
Selling, general and administrative expenses 0 [2],[3] 0 [4],[5] 0 [2],[3] 0 [4],[5]  
Depreciation and amortization 0 0 0 0  
Freight out 0 0 0 0  
(Gain) loss on disposal of fixed assets 0 0 0 0  
Operating income [6] 0 0 0 0  
Total assets 0 0 0 0  
Capital additions, net 0 0 0 0  
Depreciation and amortization [7] 0 0 0 0  
Inter-company sales [Member] | Industrial [Member]          
Segment Reporting Information [Line Items]          
Net sales (33) (37) (201) (54)  
Inter-company sales [Member] | Infrastructure [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Vehicle [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Consumer [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Food and Beverage [Member]          
Segment Reporting Information [Line Items]          
Net sales 0 0 0 0  
Inter-company sales [Member] | Auto Aftermarket [Member]          
Segment Reporting Information [Line Items]          
Net sales $ 0 $ 0 $ 0 $ 0  
[1]

(5) The Company recognized $1.3 million and $4.5 million of non-cash inventory step-up that was amortized to Cost of sales for the quarter and six months ended June 30, 2024, related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, described in Note 3.

[2]

(3) During the quarter and six months ended June 30, 2025, the Company recognized a $1.6 million pre-tax pension settlement charge within the Material Handling segment, as described in Note 1.

[3]

(4) The Company recognized a $3.2 million recovery of purchased credit deteriorated assets for the quarter and six months ended June 30, 2025, as described in Note 3. The recovery was recognized as a reduction to bad debt expense included in Selling, general and administrative within the Material Handling Segment.

[4]

(6) The Company incurred $0.7 million and $4.1 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter and six months ended June 30, 2024, of which $0.5 million and $3.8 million are included in Corporate and $0.2 million and $0.3 million are included in Material Handling's results, respectively.

[5]

(1) The Company recognized $0.1 million and $(0.2) million of expense (income) to the estimated environmental reserve, net of probable insurance recoveries for the quarter and six months ended June 30, 2024, respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate.

[6]

(2) The Company incurred $4.4 million and $6.4 million of restructuring costs associated with the restructuring initiatives described in Note 4, for the quarter and six months ended June 30, 2025, of which $1.1 million and $1.2 million are included in Material Handling, $2.2 million and $3.0 million are included in Distribution and $1.2 million and $2.3 million are included with Corporate's results, respectively. The Company incurred $3.0 million and $3.2 million of restructuring costs associated with the restructuring initiatives described in Note 4, for the quarter and six months ended June 30, 2024, of which $2.2 million and $2.5 million are included in Material Handling and $0.8 million and $0.8 million are included in Distribution's results, respectively.

[7]

(7) Total depreciation and amortization inclusive of amounts within Cost of sales. Corporate depreciation and amortization includes amortization of deferred financing costs of $0.5 million and $0.5 million for the quarters ended June 30, 2025 and 2024, respectively, and $1.1 million and $0.8 million for the six months ended June 30, 2025 and 2024, respectively.