XML 64 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Industry Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Reporting Information by Segment

Total sales from foreign business units were approximately $53.9 million, $64.2 million, and $75.1 million for the years ended December 31, 2017, 2016 and 2015, respectively. Total export sales to countries outside the U.S. were approximately $17.2 million, $18.6 million, and $25.6 million for the years ended December 31, 2017, 2016 and 2015, respectively. Sales made to customers in Canada accounted for approximately 2.4% of total net sales in 2017, 4.6% in 2016 and 5.5% in 2015. There are no other individual foreign countries for which sales are material. Long-lived assets in foreign countries, primarily in Canada, consisted of property, plant and equipment, and were approximately $17.6 million at December 31, 2017 and $22.4 million at December 31, 2016.

 

 

 

2017

 

 

2016

 

 

2015

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Material Handling

 

$

391,313

 

 

$

363,956

 

 

$

384,351

 

Distribution

 

 

156,428

 

 

 

170,660

 

 

 

187,637

 

Inter-company sales

 

 

(698

)

 

 

(237

)

 

 

(968

)

Total net sales

 

$

547,043

 

 

$

534,379

 

 

$

571,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Material Handling

 

$

38,874

 

 

$

40,776

 

 

$

53,418

 

Distribution

 

 

9,073

 

 

 

12,834

 

 

 

16,114

 

Corporate

 

 

(23,059

)

 

 

(26,248

)

 

 

(35,015

)

Total operating income

 

 

24,888

 

 

 

27,362

 

 

 

34,517

 

Interest expense, net

 

 

(7,292

)

 

 

(8,643

)

 

 

(9,009

)

Loss on extinguishment of debt

 

 

(1,888

)

 

 

—

 

 

 

—

 

Income from continuing operations before income taxes

 

$

15,708

 

 

$

18,719

 

 

$

25,508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Identifiable Assets

 

 

 

 

 

 

 

 

 

 

 

 

Material Handling

 

$

257,863

 

 

$

268,634

 

 

$

307,799

 

Distribution

 

 

49,822

 

 

 

56,072

 

 

 

58,772

 

Corporate

 

 

48,257

 

 

 

36,271

 

 

 

34,746

 

Discontinued operations

 

 

—

 

 

 

20,707

 

 

 

27,707

 

Total identifiable assets

 

$

355,942

 

 

$

381,684

 

 

$

429,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Additions, Net

 

 

 

 

 

 

 

 

 

 

 

 

Material Handling

 

$

5,165

 

 

$

10,933

 

 

$

19,482

 

Distribution

 

 

622

 

 

 

1,424

 

 

 

1,795

 

Corporate

 

 

27

 

 

 

132

 

 

 

510

 

Total capital additions, net

 

$

5,814

 

 

$

12,489

 

 

$

21,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

 

Material Handling

 

$

28,506

 

 

$

29,270

 

 

$

30,018

 

Distribution

 

 

1,174

 

 

 

1,221

 

 

 

998

 

Corporate

 

 

1,151

 

 

 

1,301

 

 

 

1,314

 

Total depreciation and amortization

 

$

30,831

 

 

$

31,792

 

 

$

32,330