Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Results of Operations by Reportable Segment

The following tables present the Company’s results of operations by reportable segment for the three months ended June 30, 2023:

	Three Months Ended June 30, 2023
	Material Handling		Construction Equipment		Master Distribution		Corporate and Other			Total
New and used equipment sales	$	90.2	$	149.2	$	18.6	$	(3.4	)	$	254.6
Parts sales		26.4		42.6		2.5		(0.2	)		71.3
Service revenues		33.0		26.6		0.1		—			59.7
Rental revenues		18.6		30.8		0.2		—			49.6
Rental equipment sales		0.9		32.3		—		—			33.2
Total revenues	$	169.1	$	281.5	$	21.4	$	(3.6	)	$	468.4
Interest expense		4.4		7.9		0.8		0.6			13.7
Depreciation and amortization		8.7		23.2		1.0		0.1			33.0
Income (loss) before taxes		2.9		4.5		1.4		(6.1	)		2.7

The following table presents the Company’s results of operations by reportable segment for the six months ended June 30, 2023:

	Six Months Ended June 30, 2023
	Material Handling		Construction Equipment		Master Distribution		Corporate and Other			Total
New and used equipment sales	$	177.7	$	261.3	$	42.1	$	(6.9	)	$	474.2
Parts sales		51.4		83.5		5.4		(0.6	)		139.7
Service revenues		65.9		53.8		0.2		—			119.9
Rental revenues		36.6		56.1		0.4		—			93.1
Rental equipment sales		2.3		59.9		—		—			62.2
Total revenues	$	333.9	$	514.6	$	48.1	$	(7.5	)	$	889.1
Interest expense		8.3		14.5		1.6		1.3			25.7
Depreciation and amortization		16.8		42.0		2.1		0.2			61.1
Income (loss) before taxes		8.0		2.9		4.8		(11.9	)		3.8

The following table presents the Company’s results of operations by reportable segment for the three months ended June 30, 2022:

	Three Months Ended June 30, 2022
	Material Handling		Construction Equipment		Corporate and Other			Total
New and used equipment sales	$	72.1	$	145.2	$	—		$	217.3
Parts sales		20.1		38.2		—			58.3
Service revenues		26.9		24.8		—			51.7
Rental revenues		14.2		29.4		—			43.6
Rental equipment sales		2.2		33.4		—			35.6
Total revenues	$	135.5	$	271.0	$	—		$	406.5
Interest expense		2.6		3.8		0.4			6.8
Depreciation and amortization		6.1		21.2		—			27.3
Income (loss) before taxes		4.9		6.3		(4.6	)		6.6

The following table presents the Company’s results of operations by reportable segment for the six months ended June 30, 2022:

	Six Months Ended June 30, 2022
	Material Handling		Construction Equipment		Corporate and Other			Total
New and used equipment sales	$	139.0	$	229.9	$	—		$	368.9
Parts sales		39.3		72.4		—			111.7
Service revenues		53.6		46.3		—			99.9
Rental revenues		27.0		54.3		—			81.3
Rental equipment sales		2.2		74.2		—			76.4
Total revenues	$	261.1	$	477.1	$	—		$	738.2
Interest expense		4.9		7.3		0.7			12.9
Depreciation and amortization		11.4		40.1		—			51.5
Income (loss) before taxes		8.9		4.2		(7.7	)		5.4

Summary of Identified Assets by Reportable Segment

The following table presents the Company’s identified assets by reportable segment as of June 30, 2023 and December 31, 2022:

	June 30, 2023		December 31, 2022
Segment assets:
Material Handling	$	448.6	$	416.3
Construction Equipment		885.4		775.5
Master Distribution		77.2		77.6
Corporate and Other		19.0		21.2
Total assets	$	1,430.2	$	1,290.6