Revenue and Segment Information

9 Months Ended

Sep. 30, 2021

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)	2021		2020		2021		2020
Net Sales
Wholegoods	$	251,712	$	212,918	$	761,674	$	663,306
Parts	74,009		71,419		201,601		188,712
Other	12,590		7,422		33,775		22,824
Consolidated	$	338,311	$	291,759	$	997,050	$	874,842

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)	2021		2020		2021		2020
Net Sales
United States	$	249,024	$	216,550	$	710,814	$	651,226
France	21,236		20,075		69,252		58,686
Canada	15,499		16,392		60,383		44,789
United Kingdom	15,524		14,127		43,840		38,135
Netherlands	6,624		5,547		22,789		19,433
Brazil	9,212		3,937		23,396		12,200
Australia	4,999		2,587		14,588		7,777
Germany	2,665		2,233		6,497		7,081
Other	13,528		10,311		45,491		35,515
Consolidated	$	338,311	$	291,759	$	997,050	$	874,842

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, 2021:  

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Net Sales
Industrial	$	218,988	$	196,241	$	662,106	$	608,473
Agricultural	119,323		95,518		334,944		266,369
Consolidated	$	338,311	$	291,759	$	997,050	$	874,842
Income from Operations
Industrial	$	15,951	$	19,238	$	52,004	$	51,453
Agricultural	14,092		11,685		37,067		25,987
Consolidated	$	30,043	$	30,923	$	89,071	$	77,440

(in thousands)	September 30, 2021		December 31, 2020
Goodwill
Industrial	$	180,094	$	181,338
Agricultural	13,478		13,794
Consolidated	$	193,572	$	195,132
Total Identifiable Assets
Industrial	$	920,525	$	875,081
Agricultural	297,253		246,778
Consolidated	$	1,217,778	$	1,121,859