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Segments - Schedule of reporting information by segment (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting Information [Line Items]    
Net sales $ 207,102 $ 215,739
Total operating income 10,879 18,957
Interest expense, net (6,079) (1,646)
Income before income taxes 4,800 17,311
Operating Segments [Member] | Material Handling [Member]    
Segment Reporting Information [Line Items]    
Net sales 152,225 152,562
Total operating income [1],[2] 22,256 25,351
Operating Segments [Member] | Distribution [Member]    
Segment Reporting Information [Line Items]    
Net sales 54,894 63,185
Total operating income 605 2,237
Inter-company sales [Member]    
Segment Reporting Information [Line Items]    
Net sales (17) (8)
Corporate [Member]    
Segment Reporting Information [Line Items]    
Total operating income [2],[3] $ (11,982) $ (8,631)
[1]

(2) The Company recognized $3.1 million of non-cash inventory step-up that was amortized to Cost of sales for the quarter ended March 31, 2024 related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, as described in Note 3.

[2]

(3) The Company incurred $3.4 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter ended March 31, 2024, of which $3.3 million and $0.1 million are included in Corporate and Material Handling's results, respectively.

[3]

(1) The Company recognized $(0.3) million and $0.5 million of expense to the estimated environmental reserve, net of probable insurance recoveries for the quarters ended March 31, 2024 and 2023, respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate.