Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Results of Operations by Reportable Segment

The following table presents the Company’s results of operations by reportable segment for the three months ended September 30, 2022 (amounts in millions):

	Three Months Ended September 30, 2022
	Material Handling		Construction Equipment		Corporate			Total
New and used equipment sales	$	83.7	$	126.4	$	—		$	210.1
Parts sales		22.3		39.5		—			61.8
Service revenue		29.6		24.7		—			54.3
Rental revenue		17.7		32.5		—			50.2
Rental equipment sales		2.0		26.6		—			28.6
Total revenues	$	155.3	$	249.7	$	—		$	405.0
Interest expense		3.1		4.8		0.6			8.5
Depreciation and amortization		7.2		22.4		—			29.6
Income (loss) before taxes		4.6		5.7		(4.9	)		5.4

The following table presents the Company’s results of operations by reportable segment for the nine months ended September 30, 2022 (amounts in millions):

	Nine Months Ended September 30, 2022
	Material Handling		Construction Equipment		Corporate			Total
New and used equipment sales	$	222.7	$	356.3	$	—		$	579.0
Parts sales		61.6		111.9		—			173.5
Service revenue		83.2		71.0		—			154.2
Rental revenue		44.7		86.8		—			131.5
Rental equipment sales		4.2		100.8		—			105.0
Total revenues	$	416.4	$	726.8	$	—		$	1,143.2
Interest expense		8.0		12.1		1.3			21.4
Depreciation and amortization		18.6		62.5		—			81.1
Income (loss) before taxes		13.5		9.9		(12.6	)		10.8

The following table presents the Company’s results of operations by reportable segment for the three months ended September 30, 2021 (amounts in millions):

	Three Months Ended September 30, 2021
	Material Handling		Construction Equipment			Corporate			Total
New and used equipment sales	$	57.2	$	79.6		$	—		$	136.8
Parts sales		16.8		28.0			—			44.8
Service revenue		23.7		18.2			—			41.9
Rental revenue		12.6		29.1			—			41.7
Rental equipment sales		—		29.8			—			29.8
Total revenues	$	110.3	$	184.7		$	—		$	295.0
Interest expense		2.0		3.5			0.6			6.1
Depreciation and amortization		4.9		20.0			—			24.9
Income (loss) before taxes		3.4		(0.3	)		(3.0	)		0.1

The following table presents the Company’s results of operations by reportable segment for the nine months ended September 30, 2021 (amounts in millions):

	Nine Months Ended September 30, 2021
	Material Handling		Construction Equipment			Corporate			Total
New and used equipment sales	$	174.7	$	217.9		$	—		$	392.6
Parts sales		47.7		82.6			—			130.3
Service revenue		70.4		52.6			—			123.0
Rental revenue		35.1		77.9			—			113.0
Rental equipment sales		0.8		96.8			—			97.6
Total revenues	$	328.7	$	527.8		$	—		$	856.5
Interest expense		6.2		10.3			1.4			17.9
Depreciation and amortization		14.1		56.1			—			70.2
Income (loss) before taxes		6.6		(5.3	)		(21.1	)		(19.8	)

Summary of Identified Assets by Reportable Segment

The following table presents the Company’s identified assets by reportable segment as of September 30, 2022 and December 31, 2021 (amounts in millions):

	September 30, 2022		December 31, 2021
Segment assets:
Material handling	$	392.1	$	325.1
Construction equipment		735.5		655.8
Corporate		15.0		1.7
Total assets	$	1,142.6	$	982.6