Revenue and Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Revenue and Segment Information

Revenue and Segment Information

Revenues from Contracts with Customers

Disaggregation of revenue is presented in the tables below by product type and by geographical location. Management has determined that this level of disaggregation would be beneficial to users of the financial statements.

Revenue by Product Type
	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Net Sales
Wholegoods	$	212,918	$	207,461	$	663,306	$	644,042
Parts	71,419		58,093		188,712		155,965
Other	7,422		6,275		22,824		18,942
Consolidated	$	291,759	$	271,829	$	874,842	$	818,949

Other includes rental sales, extended warranty sales and service sales as it is considered immaterial.

Revenue by Geographical Location
	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Net Sales
United States	$	216,550	$	187,320	$	651,226	$	561,285
France	20,075		22,719		58,686		76,273
Canada	16,392		17,700		44,789		49,005
United Kingdom	14,127		14,327		38,135		42,207
Netherlands	5,547		6,704		19,433		19,511
Brazil	3,937		3,924		12,200		13,899
Australia	2,587		1,549		7,777		5,872
Germany	2,233		2,262		7,081		5,603
Other	10,311		15,324		35,515		45,294
Consolidated	$	291,759	$	271,829	$	874,842	$	818,949

Net sales are attributed to countries based on the location of the customer.

Segment Information

The following includes a summary of the unaudited financial information by reporting segment at September 30, 2020:  

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Net Sales
Industrial	$	196,241	$	178,180	$	608,473	$	546,014
Agricultural	95,518		93,649		266,369		272,935
Consolidated	$	291,759	$	271,829	$	874,842	$	818,949
Income from Operations
Industrial	$	19,238	$	14,583	$	51,453	$	53,068
Agricultural	11,685		9,872		25,987		23,342
Consolidated	$	30,923	$	24,455	$	77,440	$	76,410

(in thousands)	September 30, 2020		December 31, 2019
Goodwill
Industrial	$	179,989	$	183,307
Agricultural	12,987		14,715
Consolidated	$	192,976	$	198,022
Total Identifiable Assets
Industrial	$	909,188	$	922,738
Agricultural	264,271		290,025
Consolidated	$	1,173,459	$	1,212,763