Segment Information (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Segment Reporting [Abstract] |
|
| Financial Information for Three Operating Segments |
The following is financial information for our three operating segments, i.e., Lifting Equipment, Equipment Distribution and ASV. The below financial information includes results for each of the above acquisitions from the respective date of acquisition:
|
|
|
Years ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Revenues from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Lifting Equipment |
|
$ |
172,405 |
|
|
$ |
193,436 |
|
|
$ |
158,319 |
|
|
ASV |
|
|
103,803 |
|
|
|
116,935 |
|
|
|
2,264 |
|
|
Equipment Distribution |
|
|
16,404 |
|
|
|
13,216 |
|
|
|
21,104 |
|
|
Inter-segment Eliminations |
|
|
(3,653 |
) |
|
|
(3,906 |
) |
|
|
(4,685 |
) |
|
Total |
|
$ |
288,959 |
|
|
$ |
319,681 |
|
|
$ |
177,002 |
|
|
Operating (loss) income from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Lifting Equipment |
|
$ |
2,301 |
|
|
$ |
8,557 |
|
|
$ |
20,641 |
|
|
ASV |
|
|
6,009 |
|
|
|
5,496 |
|
|
|
(121 |
) |
|
Equipment Distribution |
|
|
(2,893 |
) |
|
|
(136 |
) |
|
|
374 |
|
|
Corporate expense |
|
|
(7,406 |
) |
|
|
(8,522 |
) |
|
|
(7,968 |
) |
|
Elimination of inter-segment profit in inventory |
|
|
274 |
|
|
|
(187 |
) |
|
|
11 |
|
|
Total |
|
$ |
(1,715 |
) |
|
$ |
5,208 |
|
|
$ |
12,937 |
|
|
Total assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Lifting Equipment |
|
$ |
188,791 |
|
|
$ |
208,734 |
|
|
$ |
98,680 |
|
|
ASV |
|
|
119,732 |
|
|
|
122,672 |
|
|
|
124,146 |
|
|
Equipment Distribution |
|
|
8,742 |
|
|
|
14,585 |
|
|
|
15,612 |
|
|
Corporate |
|
|
720 |
|
|
|
2,175 |
|
|
|
1,262 |
|
|
Assets of discontinued operations |
|
|
— |
|
|
|
53,257 |
|
|
|
74,567 |
|
|
Total |
|
$ |
317,985 |
|
|
$ |
401,423 |
|
|
$ |
314,267 |
|
|
| Summary of Goodwill by Segment |
The following is a summary of goodwill by segment:
|
|
|
2016 |
|
|
2015 |
|
|
Goodwill—Lifting Equipment Segment |
|
|
|
|
|
|
|
|
|
Balance January 1 |
|
$ |
40,483 |
|
|
$ |
12,887 |
|
|
Goodwill related to PM acquisition |
|
|
— |
|
|
|
30,173 |
|
|
Foreign currency translation |
|
|
(814 |
) |
|
|
(2,577 |
) |
|
Balance December 31, |
|
|
39,669 |
|
|
|
40,483 |
|
|
Goodwill—ASV Segment |
|
|
|
|
|
|
|
|
|
Balance January 1 |
|
|
30,579 |
|
|
|
30,579 |
|
|
Goodwill related to ASV acquisition |
|
|
— |
|
|
|
— |
|
|
Balance December 31, |
|
|
30,579 |
|
|
|
30,579 |
|
|
Goodwill—Equipment Distribution Segment |
|
|
|
|
|
|
|
|
|
Balance January 1 and December 31, |
|
|
275 |
|
|
|
275 |
|
|
Goodwill impairment charge |
|
|
(275 |
) |
|
|
— |
|
|
|
|
|
— |
|
|
|
275 |
|
|
|
|
|
|
|
|
|
|
|
|
Total goodwill at December 31, |
|
$ |
70,248 |
|
|
$ |
71,337 |
|
|
| Summary of External Net Revenues and Long Lived Assets by Country |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
United States |
|
$ |
170,013 |
|
|
$ |
191,294 |
|
|
$ |
135,988 |
|
|
Italy |
|
|
24,984 |
|
|
|
23,174 |
|
|
|
367 |
|
|
Canada |
|
|
16,752 |
|
|
|
21,375 |
|
|
|
26,374 |
|
|
Australia |
|
|
13,397 |
|
|
|
13,333 |
|
|
|
— |
|
|
United Kingdom |
|
|
9,410 |
|
|
|
8,590 |
|
|
|
2,345 |
|
|
Argentina |
|
|
7,662 |
|
|
|
9,617 |
|
|
|
— |
|
|
France |
|
|
5,760 |
|
|
|
3,926 |
|
|
|
— |
|
|
Chile |
|
|
5,692 |
|
|
|
5,323 |
|
|
|
592 |
|
|
Finland |
|
|
3,513 |
|
|
|
1,802 |
|
|
|
— |
|
|
Spain |
|
|
2,630 |
|
|
|
3,143 |
|
|
|
— |
|
|
Mexico |
|
|
2,499 |
|
|
|
1,461 |
|
|
|
3,635 |
|
|
Germany |
|
|
2,243 |
|
|
|
1,539 |
|
|
|
— |
|
|
Netherlands |
|
|
1,659 |
|
|
|
570 |
|
|
|
— |
|
|
Hong Kong |
|
|
1,339 |
|
|
|
2,532 |
|
|
|
— |
|
|
South Africa |
|
|
1,282 |
|
|
|
411 |
|
|
|
— |
|
|
Malaysia |
|
|
1,173 |
|
|
|
688 |
|
|
|
— |
|
|
Israel |
|
|
1,069 |
|
|
|
2,333 |
|
|
|
527 |
|
|
United Arab Emirates |
|
|
969 |
|
|
|
943 |
|
|
|
265 |
|
|
Saudi Arabia |
|
|
860 |
|
|
|
1,748 |
|
|
|
— |
|
|
Czech Republic |
|
|
818 |
|
|
|
1,875 |
|
|
|
3,426 |
|
|
Korea |
|
|
785 |
|
|
|
— |
|
|
|
— |
|
|
Kuwait |
|
|
721 |
|
|
|
— |
|
|
|
— |
|
|
Ukraine |
|
|
693 |
|
|
|
— |
|
|
|
— |
|
|
Columbia |
|
|
686 |
|
|
|
— |
|
|
|
— |
|
|
Norway |
|
|
650 |
|
|
|
1,112 |
|
|
|
— |
|
|
Singapore |
|
|
564 |
|
|
|
— |
|
|
|
— |
|
|
Ireland |
|
|
535 |
|
|
|
418 |
|
|
|
— |
|
|
Bahrain |
|
|
530 |
|
|
|
— |
|
|
|
— |
|
|
Turkey |
|
|
476 |
|
|
|
5,003 |
|
|
|
20 |
|
|
Denmark |
|
|
471 |
|
|
|
— |
|
|
|
— |
|
|
Indonesia |
|
|
359 |
|
|
|
— |
|
|
|
— |
|
|
Switzerland |
|
|
340 |
|
|
|
439 |
|
|
|
— |
|
|
New Zealand |
|
|
276 |
|
|
|
687 |
|
|
|
— |
|
|
Peru |
|
|
170 |
|
|
|
1 |
|
|
|
474 |
|
|
Morocco |
|
|
123 |
|
|
|
740 |
|
|
|
— |
|
|
Romania |
|
|
97 |
|
|
|
2,209 |
|
|
|
— |
|
|
Algeria |
|
|
89 |
|
|
|
— |
|
|
|
— |
|
|
Poland |
|
|
83 |
|
|
|
347 |
|
|
|
— |
|
|
Brazil |
|
|
1 |
|
|
|
1 |
|
|
|
— |
|
|
Iraq |
|
|
— |
|
|
|
5,302 |
|
|
|
— |
|
|
Qatar |
|
|
— |
|
|
|
1,944 |
|
|
|
— |
|
|
Kenya |
|
|
— |
|
|
|
1,903 |
|
|
|
— |
|
|
Russia |
|
|
— |
|
|
|
262 |
|
|
|
— |
|
|
Lebanon |
|
|
— |
|
|
|
682 |
|
|
|
— |
|
|
Egypt |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Venezuela |
|
|
— |
|
|
|
128 |
|
|
|
— |
|
|
Slovakia |
|
|
— |
|
|
|
93 |
|
|
|
1,369 |
|
|
Japan |
|
|
— |
|
|
|
6 |
|
|
|
1,620 |
|
|
Other |
|
|
7,586 |
|
|
|
2,727 |
|
|
|
— |
|
|
|
|
$ |
288,959 |
|
|
$ |
319,681 |
|
|
$ |
177,002 |
|
Company attributes revenue to different geographic areas based on where items are shipped or services are performed.
Long Lived Assets
|
|
|
2016 |
|
|
2015 |
|
|
United States |
|
$ |
92,358 |
|
|
$ |
105,628 |
|
|
Italy |
|
|
74,463 |
|
|
|
79,933 |
|
|
Long-term assets of discontinued operations |
|
|
— |
|
|
|
16,310 |
|
|
Total Long-Lived Assets |
|
$ |
166,821 |
|
|
$ |
201,871 |
|
|