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Revenue and Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Disaggregation of Revenue Management has determined that this level of disaggregation would be beneficial to users of the financial statements.
Revenue by Product Type
December 31,
(in thousands)202020192018
Net Sales
Wholegoods$885,254 $875,805 $802,403 
Parts247,126 207,766 186,979 
Other31,086 35,567 19,440 
Consolidated$1,163,466 $1,119,138 $1,008,822 
Schedule of Segment Reporting Information, by Segment The following table presents the revenue and income from operations by reporting segment for the years ended December 31, 2020, 2019, and 2018:
 
 December 31,
(in thousands)202020192018
Net Revenue   
Industrial$811,161 $768,454 $638,198 
Agricultural352,305 350,684 370,624 
Consolidated$1,163,466 $1,119,138 $1,008,822 
Income from Operations   
Industrial$59,881 $65,262 $65,077 
Agricultural33,284 29,386 36,011 
Consolidated$93,165 $94,648 $101,088 
The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2020 and 2019:
 
December 31,
(in thousands)20202019
Goodwill
Industrial$181,338 $183,307 
Agricultural13,794 14,715 
Consolidated$195,132 $198,022 
Identifiable Assets
Industrial$868,688 $922,738 
Agricultural240,641 290,025 
Consolidated$1,109,329 $1,212,763