v3.26.1
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill in Total and by Reportable Segment

The following table summarizes the changes in the carrying value of goodwill in total and by reportable segment during the six months ended June 30, 2026:

 

Material
Handling

 

 

Construction
Equipment

 

 

Master Distribution

 

 

Total

 

Balance, December 31, 2025

$

14.7

 

 

$

44.8

 

 

$

18.3

 

 

$

77.8

 

Divestiture

 

(0.3

)

 

 

—

 

 

 

—

 

 

 

(0.3

)

Translation adjustments

 

(0.1

)

 

 

(0.2

)

 

 

—

 

 

 

(0.3

)

Balance, June 30, 2026

$

14.3

 

 

$

44.6

 

 

$

18.3

 

 

$

77.2

 
Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets

 

June 30, 2026

 

 

Weighted Average Remaining Life (in years)

 

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Customer and supplier relationships

 

5.2

 

 

$

72.6

 

 

$

(35.6

)

 

$

37.0

 

Other intangibles

 

3.4

 

 

 

20.3

 

 

 

(12.1

)

 

 

8.2

 

Total

 

4.8

 

 

$

92.9

 

 

$

(47.7

)

 

$

45.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

Weighted Average Remaining Life (in years)

 

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Customer and supplier relationships

 

5.6

 

 

$

72.9

 

 

$

(31.9

)

 

$

41.0

 

Other intangibles

 

3.0

 

 

 

17.7

 

 

 

(10.7

)

 

 

7.0

 

Total

 

5.0

 

 

$

90.6

 

 

$

(42.6

)

 

$

48.0