Manitex International (MNTX) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	MNTX
Entity Registrant Name	MANITEX INTERNATIONAL, INC.
Entity Central Index Key	0001302028
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,252,113
Entity File Number	001-32401
Entity Tax Identification Number	42-1628978
Entity Address, Address Line One	9725 Industrial Drive
Entity Address, City or Town	Bridgeview
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60455
City Area Code	708
Local Phone Number	430-7500
Title of 12(b) Security	Common Stock, no par value
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	MI
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 7,092	$ 7,973
Cash - restricted	210	217
Trade receivables (net)	48,828	43,856
Other receivables	1,087	1,750
Related party receivable	9
Inventory (net)	83,309	69,801
Prepaid expense and other current assets	3,694	3,907
Total current assets	144,229	127,504
Total fixed assets, net of accumulated depreciation of $26,291 and $22,441 at June 30, 2023 and December 31, 2022, respectively	49,929	51,697
Operating lease assets	8,010	5,667
Intangible assets (net)	13,696	14,367
Goodwill	37,075	36,916
Deferred tax assets	452	452
Total assets	253,391	236,603
Current liabilities
Accounts payable	53,016	45,682
Accrued expenses	14,234	12,379
Related party payables	36	60
Notes payable	23,857	22,666
Current portion of finance lease obligations	555	509
Current portion of operating lease obligations	2,167	1,758
Customer deposits	2,653	3,407
Total current liabilities	96,518	86,461
Long-term liabilities
Revolving term credit facilities (net)	45,982	41,479
Notes payable (net)	21,585	22,261
Finance lease obligations (net of current portion)	3,092	3,382
Operating lease obligations (net of current portion)	5,843	3,909
Deferred gain on sale of property	387	427
Deferred tax liability	4,393	5,151
Other long-term liabilities	5,125	5,572
Total long-term liabilities	86,407	82,181
Total liabilities	182,925	168,642
Commitments and contingencies
Equity
Preferred Stock-Authorized 150,000 shares, no shares issued or outstanding at June 30, 2023 and December 31, 2022
Common Stock-no par value 25,000,000 shares authorized, 20,243,756 and 20,107,014 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	134,239	133,289
Paid in capital	4,621	4,266
Retained deficit	(72,882)	(73,338)
Accumulated other comprehensive loss	(5,127)	(5,822)
Equity attributable to shareholders of Manitex International, Inc.	60,851	58,395
Equity attributed to noncontrolling interest	9,615	9,566
Total equity	70,466	67,961
Total liabilities and equity	$ 253,391	$ 236,603

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accumulated Depreciation	$ 26,291	$ 22,441
Preferred Stock, shares authorized	150,000	150,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value	$ 0	$ 0
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, shares issued	20,243,756	20,107,014
Common Stock, shares outstanding	20,243,756	20,107,014

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net revenues	$ 73,534	$ 69,577	$ 141,405	$ 129,997
Cost of sales	58,599	57,210	112,060	107,505
Gross profit	14,935	12,367	29,345	22,492
Operating expenses
Research and development costs	837	720	1,651	1,436
Selling, general and administrative expenses	10,766	11,431	21,797	19,877
Transaction costs		1,886		2,199
Total operating expenses	11,603	14,037	23,448	23,512
Operating income (loss)	3,332	(1,670)	5,897	(1,020)
Other income (expense)
Interest expense	(1,896)	(1,068)	(3,661)	(1,573)
Interest income		1		3
Foreign currency transaction (loss) gain	(718)	142	(773)	93
Other income (expense)	21	724	(737)	988
Total other (expense)	(2,593)	(201)	(5,171)	(489)
Income (loss) before income taxes	739	(1,871)	726	(1,509)
Income tax expense	207	232	220	364
Net income (loss)	532	(2,103)	506	(1,873)
Net income (loss) attributable to noncontrolling interest	128	154	49	154
Net income (loss) attributable to shareholders of Manitex International, Inc.	$ 404	$ (2,257)	$ 457	$ (2,027)
Income (loss) per share
Basic	$ 0.02	$ (0.10)	$ 0.02	$ (0.09)
Diluted	$ 0.02	$ (0.10)	$ 0.02	$ (0.09)
Weighted average common shares outstanding
Basic	20,206,919	20,058,966	20,164,486	20,012,735
Diluted	20,209,959	20,058,966	20,166,968	20,012,735

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income (loss)	$ 532	$ (2,103)	$ 506	$ (1,873)
Other comprehensive income (loss):
Total other comprehensive income (loss)	22	(1,754)	695	(2,389)
Total comprehensive income (loss)	554	(3,857)	1,201	(4,262)
Less: comprehensive income (loss) attributable to noncontrolling interest	128	154	49	154
Total comprehensive income (loss) attributable to shareholders of Manitex International, Inc.	426	(4,011)	1,152	(4,416)
Accumulated Other Comprehensive Loss [Member]
Other comprehensive income (loss):
Foreign currency translation gain (loss)	$ 22	$ (1,754)	$ 695	$ (2,389)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Retained Earnings (deficit) [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Balance at beginning of the year at Dec. 31, 2021	$ 62,815	$ 132,206	$ 3,264	$ (68,436)	$ (4,219)
Balance at beginning of the year, shares at Dec. 31, 2021		19,940,487
Net income (loss)	230			230
Gain (loss) on foreign currency translation	(635)				(635)
Employee incentive plan issuance		$ 734	(734)
Employee incentive plan issuance, shares		104,681
Repurchase to satisfy withholding and cancelled shares	(137)	$ (137)
Repurchase to satisfy withholding and cancelled, shares		(17,354)
Share-based compensation	232		232
Balance end of year at Mar. 31, 2022	62,505	$ 132,803	2,762	(68,206)	(4,854)
Balance end of year, shares at Mar. 31, 2022		20,027,814
Balance at beginning of the year at Dec. 31, 2021	62,815	$ 132,206	3,264	(68,436)	(4,219)
Balance at beginning of the year, shares at Dec. 31, 2021		19,940,487
Net income (loss)	(1,873)
Balance end of year at Jun. 30, 2022	68,249	$ 133,129	3,073	(70,463)	(6,608)	$ 9,118
Balance end of year, shares at Jun. 30, 2022		20,078,254
Balance at beginning of the year at Mar. 31, 2022	62,505	$ 132,803	2,762	(68,206)	(4,854)
Balance at beginning of the year, shares at Mar. 31, 2022		20,027,814
Net income (loss)	(2,103)			(2,257)		154
Gain (loss) on foreign currency translation	1,754				1,754
Employee incentive plan issuance		$ 417	(417)
Employee incentive plan issuance, shares		62,740
Acquisition of noncontrolling interests	8,964					8,964
Repurchase to satisfy withholding and cancelled shares	(91)	$ (91)
Repurchase to satisfy withholding and cancelled, shares		(12,300)
Share-based compensation	728		728
Balance end of year at Jun. 30, 2022	68,249	$ 133,129	3,073	(70,463)	(6,608)	9,118
Balance end of year, shares at Jun. 30, 2022		20,078,254
Balance at beginning of the year at Dec. 31, 2022	67,961	$ 133,289	4,266	(73,338)	(5,822)	9,566
Balance at beginning of the year, shares at Dec. 31, 2022		20,107,014
Net income (loss)				53		(79)
Net income (loss)	(26)
Gain (loss) on foreign currency translation	673				673
Employee incentive plan issuance		$ 410	(410)
Employee incentive plan issuance, shares		62,402
Repurchase to satisfy withholding and cancelled shares	(40)	$ (40)
Repurchase to satisfy withholding and cancelled, shares		(7,605)
Share-based compensation	766		766
Balance end of year at Mar. 31, 2023	69,334	$ 133,659	4,622	(73,285)	(5,149)	9,487
Balance end of year, shares at Mar. 31, 2023		20,161,811
Balance at beginning of the year at Dec. 31, 2022	67,961	$ 133,289	4,266	(73,338)	(5,822)	9,566
Balance at beginning of the year, shares at Dec. 31, 2022		20,107,014
Net income (loss)	$ 506
Repurchase to satisfy withholding and cancelled, shares	(9,480)
Balance end of year at Jun. 30, 2023	$ 70,466	$ 134,239	4,621	(72,882)	(5,127)	9,615
Balance end of year, shares at Jun. 30, 2023		20,243,756
Balance at beginning of the year at Mar. 31, 2023	69,334	$ 133,659	4,622	(73,285)	(5,149)	9,487
Balance at beginning of the year, shares at Mar. 31, 2023		20,161,811
Net income (loss)	532			404		128
Gain (loss) on foreign currency translation	22				22
Employee incentive plan issuance		$ 589	(589)
Employee incentive plan issuance, shares		83,820
Repurchase to satisfy withholding and cancelled shares	(9)	$ (9)
Repurchase to satisfy withholding and cancelled, shares		(1,875)
Share-based compensation	588		588
Balance end of year at Jun. 30, 2023	$ 70,466	$ 134,239	$ 4,621	$ (72,882)	$ (5,127)	$ 9,615
Balance end of year, shares at Jun. 30, 2023		20,243,756

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 506	$ (1,873)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	5,921	3,917
Changes in allowances for credit losses	19	(16)
Changes in inventory reserves	58	(1,308)
Deferred income taxes	(703)	(1,085)
Amortization of deferred debt issuance costs	27	88
Amortization of debt discount	30	46
Gain (loss) on forward currency contract	92	(160)
Loss (gain) on disposal of fixed assets	10	(713)
Share-based compensation	1,354	960
Adjustment to deferred gain on sales and lease back	(40)	(40)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(4,527)	(11,480)
(Increase) decrease in other receivables	687	(716)
(Increase) decrease in inventory	(12,970)	(11,292)
(Increase) decrease in prepaid expenses	140	17
Increase (decrease) in other assets		(87)
Increase (decrease) in accounts payables and related party payables	6,409	16,765
Increase (decrease) in accrued expenses	1,780	2,374
Increase (decrease) increase in other current liabilities	(799)	(2,903)
Increase (decrease) in other long-term liabilities	(500)	(330)
Net cash used in operating activities	(2,506)	(7,836)
Cash flows from investing activities:
Payments for acquisition, net of cash acquired		(38,366)
Proceeds from the sale of fixed assets	352	1,773
Purchase of property and fixed assets	(3,506)	(9,807)
Investment in intangible assets	(51)	(64)
Net cash used in investing activities	(3,205)	(46,464)
Cash flows from financing activities:
Net borrowings on revolving term credit facilities	4,461	46,700
Borrowings on term debt		15,000
Payments on revolving term credit facility		(12,800)
Net borrowings on working capital facilities	1,474	3,364
New borrowings—other		903
Debt issuance costs incurred		(125)
Note payments	(1,457)	(785)
Shares repurchased for income tax withholding on share-based compensation	(49)	(228)
Payments on finance lease obligations	(242)	(191)
Net cash provided by (used in) financing activities	4,187	51,838
Net (decrease) in cash and cash equivalents	(1,524)	(2,462)
Effect of exchange rate changes on cash	636	(2,324)
Cash, cash equivalents and restricted cash at the beginning of the year	8,190	21,581
Cash, cash equivalents and restricted cash at end of period	$ 7,302	$ 16,795

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	1. Nature of Operations and Basis of Presentation The unaudited Condensed Consolidated Balance Sheets at June 30, 2023 and December 31, 2022 and the related Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Income (Loss), Condensed Consolidated Statements of Shareholders’ Equity and Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2023 and 2022 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments which are, in the opinion of management, necessary for a fair presentation of the financial condition, results of operations and cash flows of the Company for the interim periods. Interim results may not be indicative of results to be realized for the entire year. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto, together with management’s discussion and analysis of financial condition and results of operations, contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The Condensed Consolidated Balance Sheet as of December 31, 2022 was derived from our audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States (“GAAP”). The Company is a leading provider of engineered lifting solutions and equipment rentals. The Company designs, manufactures and distributes a diverse group of products that serve different functions and are used in a variety of industries. Following the completion of the Rabern acquisition the Company reports in two business segments and has five operating segments, under which there are five reporting units. On April 11, 2022, the Company entered into a Membership Interest Purchase Agreement (the “Agreement”), with Rabern Rentals, LLC (“Rabern”) and Steven Berner, as owner of 100 % of Rabern’s outstanding membership interests. Pursuant to the Agreement, the Company acquired a 70 % membership interest in Rabern from Steven Berner for a purchase price of approximately $ 26 million in cash plus assumed debt of $ 14 million. Rabern is a construction rental equipment provider, headquartered in Amarillo, Texas, primarily servicing business in the Texas panhandle. Lifting Equipment Segment Manitex markets a comprehensive line of boom trucks, truck cranes, aerial platforms, electrical industrial cranes and utility vehicles. Manitex’s boom trucks and crane products are primarily used for industrial projects, energy exploration, energy distribution and infrastructure development, including roads, bridges and commercial construction and the tree care industry. The Company previously announced the closing of the Badger reporting unit which is expected to be finalized in 2023 . PM Oil and Steel S.p.A. (“PM” or “PM Group”), a subsidiary of the Company, is a leading Italian manufacturer of truck- mounted hydraulic knuckle boom cranes with a 50-year history of technology and innovation, and a product range spanning more than 50 models. PM is also a manufacturer of truck-mounted aerial platforms with a diverse product line and an international client base. Through its consolidated subsidiaries, PM Group has locations in Modena, Italy; Valencia, Spain; Arad, Romania; Chassieu, France; Buenos Aires, Argentina; Santiago, Chile; Singapore and Querétaro, Mexico. The Company’s subsidiary, Manitex Valla S.r.L. (“Valla”), produces a full range of precision pick and carry industrial cranes using electric, diesel, and hybrid power options. Its cranes offer wheeled or tracked, and fixed or swing boom configurations, with special applications designed specifically to meet the needs of its customers. These products are sold internationally through dealers and into the rental distribution channel. Crane and Machinery, Inc. (“C&M”) is a distributor of the Company’s products. Crane and Machinery Leasing, Inc. rents equipment manufactured by the Company as well as a limited amount of equipment manufactured by third parties. Rental Equipment Segment The Company’s majority-owned subsidiary, Rabern, rents heavy duty and light duty commercial construction equipment, mainly to commercial contractors on a short-term rental basis. The Company also rents equipment to homeowners for do-it-yourself projects. Rabern has three branches located in the greater Amarillo, Texas market and has recently opened its fourth location in Lubbock, Texas. COVID-19 Pandemic We are continuing to closely monitor the impact of the COVID-19 pandemic and other economic conditions, including inflation, interest rate increases and various geopolitical factors, on all aspects of our business, including how these factors are impacting our customers, employees, supply chain, and distribution network, as well as the demand for our products in the industries and markets that we serve. While COVID-19 and these other economic factors have had a material impact on our past financial results, we are unable to predict the ultimate impact that they may have on our business, future results of operations, financial position or cash flows. The extent to which our operations may be impacted by these factors will depend largely on future developments, which are highly uncertain and cannot be accurately predicted. Furthermore, the impacts of a potential worsening of global economic conditions and the continued disruptions to and volatility in the financial markets remain unknown. The Company is continuing to experience supply chain disruptions and related logistical bottlenecks that have impacted our ability to meet strong industrial demand and have also increased costs related to shipping, warehousing and working capital management. While the Company is actively working to mitigate these expenses and the associated timing issues, certain segments have been more impacted than others. Where appropriate and feasible, we have implemented pricing adjustments to protect margins and, in tandem, continue to build inventory to meet our customer requirements. In addition, the Company is actively managing costs and working to further streamline operations where needed. Supplemental Cash Flow Information Transactions for the periods ended June 30, 2023 and 2022 are as follows: Six months ended June 30, 2023 2022 Interest received in cash $ - $ 3 Interest paid in cash 4,043 1,158 Income tax payments in cash ( 23 ) 169 Recognition of right-of-use asset and right-of-use liability 2,928 2,543 Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets: Cash and cash equivalents $ 7,092 $ 16,588 Restricted cash 210 207 Cash, cash equivalents and restricted cash at the end of year $ 7,302 $ 16,795

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies The summary of the Company’s significant accounting policies is presented to assist in understanding the Company’s consolidated financial statements. The financial statements and notes are representations of the Company’s management who is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of the financial statements. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term securities purchased with maturity dates of three months or less to be cash equivalents. The cash in the Company’s U.S. banks is not fully insured by the FDIC due to the statutory limit of $ 250 . Restricted Cash Certain of the Company’s lending arrangements require the Company to post collateral or maintain minimum cash balances in escrow. These cash amounts are reported as current assets on the balance sheets based on when the cash will be contractually released. Total restricted cash was $ 210 and $ 217 at June 30, 2023 and December 31, 2022 , respectively. Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at invoiced amount and do not bear interest. The Company has adopted a policy consistent with GAAP for the periodic review of its accounts receivable to determine whether the establishment of an allowance for credit losses is warranted based on the Company’s assessment of the collectability of the accounts. The Company established an allowance for credit losses of $ 2,000 and $ 1,948 at June 30, 2023 and December 31, 2022, respectively. The Company also has, in some instances, a security interest in its accounts receivable until payment is received. Property, Equipment and Depreciation Property and equipment are stated at cost or the fair market value at the date of acquisition for property and equipment acquired in connection with the acquisition of a company. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation of property, and equipment is calculated using the straight-line method over the estimated useful lives of the assets. Depreciation expense for the three and six months ended June 30, 2023 was $ 2,062 and $ 4,365 , respectively. Depreciation expense for the three and six months ended June 30, 2022 was $ 2,027 and $ 2,489 respectively. Accrued Warranties Warranty costs are accrued at the time revenue is recognized. The Company’s products are typically sold with a warranty covering defects that arise during a fixed period of time. The specific warranty offered is a function of customer expectations and competitive forces. A liability for estimated warranty claims is accrued at the time of sale. Such liability is established using historical warranty claim experience. The current provision may be adjusted to take into account unusual or non-recurring events in the past or anticipated changes in future warranty claims. Adjustments to the initial warranty accrual are recorded if actual claim experience indicates that adjustments are necessary. As of June 30, 2023 and December 31, 2022 , accrued warranties were $ 1,965 and $ 1,916 respectively. Advertising Advertising costs are expensed as incurred and were $ 432 and $ 619 for the three and six months ended June 30, 2023 , respectively. Advertising costs were $ 349 and $ 459 for the three and six months ended June 30, 2022 , respectively. Business Combinations The Company accounts for acquisitions in accordance with guidance found in ASC 805, Business Combinations. The guidance requires consideration given, including contingent consideration, assets acquired and liabilities assumed to be valued at their fair market values at the acquisition date. The guidance further provides that: (1) acquisition costs will generally be expensed as incurred and (2) changes in deferred tax asset valuation allowances and income tax uncertainties after the acquisition date generally will affect income tax expense. The Company records identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date. Goodwill is calculated as the excess of the aggregate of the fair value of the consideration transferred over the fair value of the net assets recognized. Noncontrolling Interest A noncontrolling interest is the equity interest of consolidated entities that is not owned by the Company. Noncontrolling interest is adjusted for the noncontrolling partners' share of earnings (losses) in accordance with the applicable agreement. Earnings allocated to such noncontrolling partners are recorded as income applicable to noncontrolling interest in the accompanying Condensed Consolidated Statements of Operations. Share-based Compensation The Company has elected to account for restricted stock awards with market conditions using a graded vesting method. This method recognizes the compensation cost in the Condensed Consolidated Statement of Operations over the requisite service period for each separately-vesting tranche of awards.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	3. Revenue Recognition The following table disaggregates our revenue for the three and six months ended June 30, 2023 and 2022: Three Months Ended Six Months Ended 2023 2022 2023 2022 Boom trucks, knuckle boom & truck cranes $ 46,785 $ 38,338 $ 86,021 $ 75,969 Aerial platforms 8,209 9,448 17,098 17,773 Other equipment 4,761 7,148 9,385 13,771 Part sales 5,668 7,109 12,860 13,881 Rentals 6,238 5,184 12,073 5,236 Services 813 1,166 1,930 2,183 Merchandise sales and other 1,060 1,184 2,038 1,184 Total Revenue $ 73,534 $ 69,577 $ 141,405 $ 129,997 The Company attributes revenue to different geographic areas based on where items are shipped to or services are performed. The following table provides detail of revenues by geographic area for the three and six months ended June 30, 2023 and 2022: Three Months Ended Six Months Ended 2023 2022 2023 2022 United States $ 34,965 $ 37,047 $ 65,095 $ 67,931 Italy 14,805 7,993 28,009 14,666 Canada 7,031 5,655 12,935 9,743 Chile 1,296 3,092 5,855 5,544 France 2,209 2,709 4,477 6,386 Other 13,228 13,081 25,034 25,727 Total Revenue $ 73,534 $ 69,577 $ 141,405 $ 129,997 Customer Deposits At times, the Company may require an upfront deposit related to its contracts. In instances where an upfront deposit has been received by the Company and the revenue recognition criteria have not yet been met, the Company records a contract liability in the form of a customer deposit, which is classified as a short-term liability on the Condensed Consolidated Balance Sheets. That customer deposit is revenue that is deferred until the revenue recognition criteria have been met, at which time, the customer deposit is recognized into revenue. The following table summarizes changes in customer deposits for the six months ended June 30 as follows: June 30, June 30, Customer deposits January 1, $ 3,407 $ 7,121 Additional customer deposits received where revenue has not yet been recognized 4,597 7,697 Revenue recognized from customer deposits ( 5,330 ) ( 10,528 ) Effect of change in exchange rates ( 21 ) ( 336 ) Total customer deposits $ 2,653 $ 3,954

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements The following tables set forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 by level within the fair value hierarchy. As required by ASC 820-10, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following is summary of items that the Company measures at fair value on a recurring basis: Fair Value at June 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Forward currency exchange contracts $ — $ 37 $ — $ 37 Total recurring liabilities at fair value $ — $ 37 $ — $ 37 Fair Value at December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Forward currency exchange contracts $ — $ 124 $ — $ 124 Total current assets at fair value $ — $ 124 $ — $ 124 Fair Value Measurements ASC 820-10 classifies the inputs used to measure fair value into the following hierarchy: Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 — Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability and Level 3 — Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). The fair value of the forward currency contracts is determined on the last day of each reporting period using observable inputs, which are supplied to the Company by the foreign currency trading operation of its bank and are Level 2 items.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	5. Derivative Financial Instruments The Company’s risk management objective is to use the most efficient and effective methods available to us to minimize, eliminate, reduce or transfer the risks which are associated with fluctuation of exchange rates between the Euro, Chilean peso and the U.S. dollar. Forward Currency Contracts The Company enters into forward currency exchange contracts such that the exchange gains and losses on the assets and liabilities denominated in other than the reporting units’ functional currency would be offset by the changes in the market value of the forward currency exchange contracts it holds. The forward currency exchange contracts that the Company has to offset existing assets and liabilities denominated in other than the reporting units’ functional currency have been determined not to be considered a hedge under ASC 815-10. The Company records the forward currency exchange contracts at its market value with any associated gain or loss being recorded in current earnings. Both realized and unrealized gains and losses related to forward currency contracts are included in current earnings and are reflected in the Condensed Consolidated Statements of Operations in the other income (expense) section on the line titled foreign currency transaction gain (loss). Items denominated in other than a reporting unit functional currency include certain intercompany receivables due from the Company’s Italian subsidiaries and accounts receivable and accounts payable of our Italian subsidiaries and their subsidiaries. PM Group has an intercompany receivable denominated in Euros from its Chilean subsidiary. At June 30, 2023 , the Company had entered into forward currency exchange contracts that mature from July 2023 to December 2023. Under the contracts, the Company is obligated to sell 2,500,000 Chilean pesos for 2,721 Euros. The purpose of the forward contract is to mitigate the income effect related to this intercompany receivable that results with a change in the exchange rate between the Euro and the Chilean peso. The following table provides the location and fair value amounts of derivative instruments that are reported in the Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022: Fair Value Balance Sheet Location June 30, December 31, Asset Derivatives Foreign currency exchange contract Prepaid expense and other current assets $ — $ 124 Liabilities Derivatives Foreign currency exchange contract Accrued expenses $ 37 $ — The following tables provide the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2023 and 2022: Gain (loss) Gain (loss) Location of gain or Three Months Ended Six months ended June 30, 2023 2022 2023 2022 Derivatives Not Designated For ward currency contract Foreign currency $ 37 $ 196 $ 52 $ ( 160 ) $ 37 $ 196 $ 52 $ ( 160 ) During the three and six months ended June 30, 2023 and 2022, there were no forward currency contracts designated as cash flow hedges. As such, all gains and loss related to forward currency contracts during the three and six months ended June 30, 2023 and 2022 were recorded in current earnings and did not impact other comprehensive income.

Inventory, Net

Inventory, Net	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventory, Net	6. Inventory, net The components of inventory are as follows: June 30, December 31, Raw materials and purchased parts, net $ 56,251 $ 47,168 Work in process, net 7,726 6,015 Finished goods, net 19,332 16,618 Inventory, net $ 83,309 $ 69,801 The Company has established reserves for obsolete and excess inventory of $ 8,118 and $ 7,791 as of June 30, 2023 and December 31, 2022 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets Intangible assets and accumulated amortization by category as of June 30, 2023 is as follows: Weighted Average Gross Net Amortization Carrying Accumulated Carrying Period (in years) Amount Amortization Amount Patented and unpatented technology 2 $ 16,511 $ ( 15,159 ) $ 1,352 Customer relationships 9 22,527 ( 15,729 ) 6,798 Trade names and trademarks 15 5,469 ( 2,915 ) 2,554 Software 4 969 ( 80 ) 889 Indefinite lived trade names 2,103 2,103 Total intangible assets, net $ 13,696 Intangible assets and accumulated amortization by category as of December 31, 2022 is as follows: Weighted Average Gross Net Amortization Carrying Accumulated Carrying Period (in years) Amount Amortization Amount Patented and unpatented technology 2 $ 16,469 $ ( 14,553 ) $ 1,916 Customer relationships 9 22,000 ( 14,344 ) 7,656 Trade names and trademarks 15 5,469 ( 2,804 ) 2,665 Software 4 236 ( 56 ) 180 Indefinite lived trade names 1,950 — 1,950 Total intangible assets, net $ 14,367 Amortization expense for intangible assets was $ 807 and $ 1,556 for the three and six months ended June 30, 2023 respectively. Amortization expense for intangible assets was $ 745 and $ 1,428 for the three and six months ended June 30, 2022 respectively. Estimated amortization expense for the next five years and subsequent is as follows: Amount 2023 $ 1,226 2024 2,138 2025 2,138 2026 1,382 2027 795 2028 506 And subsequent 3,408 Total intangible assets currently to be amortized 11,593 Intangible assets with indefinite lives not amortized 2,103 Total intangible assets $ 13,696 Changes in goodwill for the six months ended June 30, 2023 and 2022 are as follows:   2023   2022 Balance January 1,  $ 36,916   $ 24,949 Goodwill for Rabern acquisition  ( 80 )   12,850 Effect of change in exchange rates  239   ( 883 ) Balance June 30,  $ 37,075   $ 36,916 The Company performed an impairment assessment as of December 31, 2022. No additional triggers for an interim impairment test have been identified as of June 30, 2023.

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2023
Accrued Liabilities [Abstract]
Accrued Expenses	8. Accrued Expenses June 30, December 31, Accrued payroll and benefits $ 5,122 $ 4,929 Accrued vacation 1,983 1,635 Accrued warranty 1,965 1,916 Accrued income tax and other taxes 1,377 841 Accrued legal settlement 1,160 1,160 Accrued expenses—other 2,627 1,898 Total accrued expenses $ 14,234 $ 12,379

Accrued Warranty

Accrued Warranty	6 Months Ended
	Jun. 30, 2023
Guarantees [Abstract]
Accrued Warranty	9. Accrued Warranty The liability for estimated warranty claims is accrued at the time of sale and the expense is recorded in the Condensed Consolidated Statement of Operations in Cost of Sales. The liability is established using historical warranty claim experience. The current provision may be adjusted to take into account unusual or non-recurring events in the past or anticipated changes in future warranty claims. Adjustments to the warranty accrual are recorded if actual claim experience indicates that adjustments are necessary. Warranty reserves are reviewed to ensure critical assumptions are updated for known events that may impact the potential warranty liability. The following table summarizes the changes in product warranty liability: For the six months ended June 30, 2023 2022 Balance January 1, $ 1,916 $ 1,578 Provision for warranties issued during the year 1,069 1,250 Warranty services provided ( 1,028 ) ( 958 ) Foreign currency translation 8 ( 40 ) Balance June 30, $ 1,965 $ 1,830

Credit Facilities and Debt

Credit Facilities and Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Credit Facilities and Debt	10. Credit Facilities and Debt Debt is summarized as follows: June 30, 2023 December 31, 2022 U.S. Credit Facilities $ 46,007 $ 41,521 U.S Term Loan 13,919 14,721 Italy Group Short-Term Working Capital Borrowings 21,020 19,365 Italy Group Term Loan 10,065 9,675 Other 495 1,223 Total debt 91,504 86,505 Less: Debt issuance costs ( 80 ) ( 99 ) Debt, net of issuance costs $ 91,424 $ 86,406 U.S. Credit Facilities and Term Loan On April 11, 2022, the Company entered into a Commercial Credit Agreement (the “Credit Agreement”), by and among the Company, the Company’s domestic subsidiaries and Amarillo National Bank. The Credit Agreement provides for a $ 40,000 revolving credit facility, a $ 30,000 revolving credit facility and a $ 15,000 term loan. Borrowings under the $ 40,000 revolving credit facility bear interest at a floating rate equal to the Prime Rate as of June 12, 2023. Previously, the rate was Prime plus 0.50 %. The $ 40,000 revolving credit facility requires monthly interest payments with the full principal balance coming due at maturity. The facility originally provided for maturity on April 11, 2024 . On January 25, 2023, lender agreed to extend the maturity date to April 11, 2025 , with a rolling two-year maturity extension provided there is no event of default. The rolling two-year maturity extension repeats on April 11 each year following 2025 unless the lender provides 120 days’ written notice of non-extension. Borrowings under the $ 30,000 revolving credit facility bear interest at a floating rate equal to the Prime Rate as of June 12, 2023. Previously, the rate was Prime plus 0.50 %. The $ 30,000 facility requires quarterly interest payments and principal payments in the amount of 3% of the outstanding balance thereunder on a quarterly basis beginning on January 1, 2023 . The facility originally provided for maturity on April 11, 2024 . On January 25, 2023, the maturity date was extended to April 11, 2025 . The term loan requires monthly interest payments at a floating rate equal to the Prime Rate. Previously, the rate was Prime plus 0.50 %. Monthly installments of principal and interest based on an 84-month amortization are payable beginning on November 11, 2022 with the remaining principal balance coming due at maturity on October 11, 2029 . The unused balance of the revolving credit facilities incurs a 0.125 % fee that is payable semi-annually . At June 30, 2023 and December 31, 2022 , the Company had $ 46,007 and $ 41,521 in borrowings under the revolving credit facilities and $ 13,919 and $ 14,721 in borrowings under the term loan. The Credit Agreement requires the Company to maintain a debt service coverage ratio of at least 1.25 :1.00 measured on the last day of each calendar quarter, beginning June 30, 2022, and each measurement is based on a rolling 12-month basis. The Credit Agreement also requires the Company to maintain a U.S. net worth of at least $ 80,000 , measured as of the last day of each calendar quarter, beginning June 30, 2022. The Company was in compliance with its covenants under the Credit Agreement as of June 30, 2023. PM Group Short-Term Working Capital Borrowings At June 30, 2023 and December 31, 2022 , respectively, the PM Group had established demand credit and overdraft facilities with five banks in Italy, one bank in Spain, twelve banks in South America and one bank in Romania. Under these facilities, as of June 30, 2023 and December 31, 2022 respectively, the PM Group can borrow up to $ 26,007 and $ 24,127 for advances against invoices, letter of credit and bank overdrafts. As of June 30, 2023 and December 31, 2022 , the interest on the Italian working capital facilities is charged at the 3-month Euribor plus a spread ranging from 175 to 355 basis points and 3-month Euribor plus 450 basis points. Interest on the South American facilities is charged at a flat rate for advances on invoices. Interest on the Romanian facility ranges from 4 % to 4.8 %. At June 30, 2022 and December 31, 2022 , the banks had advanced PM Group $ 20,953 and $ 19,130 , respectively. Valla Short-Term Working Capital Borrowings At June 30, 2023 and December 31, 2022 , respectively, Valla had established demand credit and overdraft facilities with two Italian banks. Under the facilities, Valla can borrow up to $ 608 and $ 599 for advances against orders, invoices and bank overdrafts. Interest on the Italian working capital facilities is charged at a flat percentage rate for advances on invoices and orders ranging from 1.67 % - 12 % for both 2023 and 2022. At June 30, 2023 and December 31, 2022 , the Italian banks had advanced Valla $ 192 and $ 235 , respectively. PM Group Term Loans At June 30, 2023 and December 31, 2022 respectively, the PM Group has a $ 5,116 and $ 5,038 term loan that is split into a note and a balloon payment and is secured by the PM Group’s common stock. The term loan is charged interest at a fixed rate of 3.5 %, has annual principal payments of approximately $ 600 per year and has a balloon payment of $ 3,262 due in 2026 . At June 30, 2023 and December 31, 2022 respectively, the PM Group has unsecured borrowings totaling $ 4,711 and $ 4,637 , respectively. The borrowings have a fixed rate of interest of 3.5 %. Annual payments of approximately $ 1,500 are payable ending in 2026. As of June 30, 2023 and December 31, 2022 the PM Group has a loan in Romania in the amount of $ 136 and $ 175 with a fixed interest of 2.75 % rate maturing in 2027 .

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	11. Leases The Company leases certain warehouses, office space, machinery, vehicles and equipment. Leases with an initial term of 12 months or shorter are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the applicable lease term. The Company is not aware of any variable lease payments, residual value guarantees, covenants or restrictions imposed by the leases. Most leases include one or more options to renew, with renewal terms that can extend the lease term. The exercise of these lease renewal options is at the Company's sole discretion. The depreciable life of assets is limited by the expected lease term for finance leases. If there was a discount rate explicit in the lease, then such discount rate was used. For those leases with no explicit or implicit interest rate, an incremental borrowing rate was used. The weighted average remaining useful life for operating and finance leases were 5.6 and 5 years, respectively. The weighted average discount rate for operating and finance leases was 5.2 % and 12.4 % respectively. Leases Classification June 30, 2023 December 31, 2022 Assets Operating lease assets Operating lease assets $ 8,010 $ 5,667 Financing lease assets Fixed assets, net 1,809 2,005 Total leased assets $ 9,819 $ 7,672 Liabilities Current Operating Current liabilities $ 2,167 $ 1,758 Financing Current liabilities 555 509 Non-current Operating Non-current liabilities 5,843 3,909 Financing Non-current liabilities 3,092 3,382 Total lease liabilities $ 11,657 $ 9,558 Three months ended June 30, Six months ended June 30, Lease Cost Classification 2023 2022 2023 2022 Operating lease costs Operating lease assets $ 612 $ 214 $ 1,106 $ 510 Finance lease cost Amortization of Amortization 91 96 182 187 Interest on lease liabilities Interest expense 119 128 235 259 Lease cost $ 822 $ 438 $ 1,523 $ 956 Three months ended June 30, For the six months ended Other Information 2023 2022 2023 2022 Cash paid for amounts included in the Operating cash flows from operating $ 612 $ 214 $ 1,106 $ 510 Operating cash flows from finance 91 128 189 259 Financing cash flows from finance 123 107 242 191 Lease cost $ 826 $ 449 $ 1,537 $ 960 Future principal minimum lease payments for the next five years and subsequent are: Operating Leases Finance Leases 2023 $ 1,091 $ 553 2024 1,827 972 2025 1,722 1,012 2026 1,684 1,018 2027 1,048 1,049 2028 549 356 And subsequent 413 - Total undiscounted lease payments 8,333 4,960 Less interest ( 323 ) ( 1,313 ) Total liabilities $ 8,010 $ 3,647 Less current maturities ( 2,167 ) ( 555 ) Non-current lease liabilities $ 5,843 $ 3,092 In con nection with our acquisition of Rabern, the Company became the lessee of four locations from HTS Management LLC (“HTS”), an entity controlled by Steven Berner, who is a key member of Rabern management. HTS operates as a holding company for property and as a single lessor leasing company for business use property for Rabern. HTS’s ongoing activities preceding and succeeding the Rabern acquisition relate to financing, purchasing, leasing and holding property leased to Rabern.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes For the three months ended June 30, 2023, the Company recorded an income tax provision of $ 0.2 million, which includes a discrete income tax benefit of less than $ 0.1 million. The calculation of the overall income tax provision for the three months ended June 30, 2023 primarily consists of foreign income taxes, and a discrete tax income tax benefit related to the expiration of the statutes of limitations for various state jurisdictions offset by an accrual of interest related to unrecognized tax benefits. For the three months ended June 30, 2022, the Company recorded an income tax provision of $0 .2 million, which includes a discrete income tax benefit of $ 0.2 million. The calculation of the overall income tax provision for the three months ended June 30, 2022 primarily consists of foreign income taxes, and a discrete income tax benefit for a reduction in the valuation allowance recorded against state tax credits in connection with the Rabern acquisition, and a discrete income tax benefit related to the expiration of the statutes of limitations for various state and foreign jurisdictions. The effective tax rate for the three months ended June 30, 2023 was an income tax provision of 28.2 % on pretax income of $ 0.7 million compared to an income tax provision of 12.4 % on a pretax loss of $ 1.9 million in the comparable prior period. The effective tax rate for the three months ended June 30, 2023 differs from the U.S. statutory rate of 21 % primarily due to a valuation allowance in the U.S., a partial valuation allowance in Italy, nondeductible foreign permanent differences, income taxed in foreign jurisdictions at varying tax rates and a reduction in the uncertain tax position liability related to the expiration of the statutes of limitations for various state jurisdictions offset by an accrual of interest related to unrecognized tax benefits. For the six months ended June 30, 2023, the Company recorded an income tax provision of $ 0.2 million, which includes a discrete income tax expense less than of $ 0.1 million. The calculation of the overall income tax provision for the six months ended June 30, 2023 primarily consists of foreign income taxes, and a discrete income tax expense for the accrual of interest related to unrecognized tax benefits offset by a tax benefit related to the expiration of the statutes of limitations for various state jurisdictions. For the six months ended June 30, 2022, the Company recorded an income tax provision of $ 0.4 million, which includes a discrete income tax benefit of $ 0.2 million, primarily consisting of foreign income taxes, and a discrete income tax benefit for a reduction in the valuation allowance recorded against state tax credits in connection with the Rabern acquisition, and a discrete income tax benefit related to the expiration of the statutes of limitations for various state and foreign jurisdictions. The effective tax rate for the six months ended June 30, 2023 was an income tax provision of 30.3 % on a pretax income of $ 0.7 million compared to an income tax provision of 24.2 % on a pretax loss of $ 1.5 million in the comparable prior period. The effective tax rate for the six months ended June 30, 2023 differs from the U.S. statutory rate of 21 % primarily due to a valuation allowance in the U.S., a partial valuation allowance in Italy, nondeductible foreign permanent differences, income taxed in foreign jurisdictions at varying tax rates and an accrual of interest related to unrecognized tax benefits offset by a reduction in the uncertain position liability for the expiration of the statute of limitations for various state jurisdictions. The Company’s total unrecognized tax benefits as of June 30, 2023 and 2022 were approximately $ 2.9 million and $ 3.0 million, respectively.

Net Earnings (Loss) per Common

Net Earnings (Loss) per Common Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Earnings (Loss) per Common Share	13. Net Earnings (Loss) per Common Share Basic net earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Details of the calculations are as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 Net income (loss) $ 532 $ ( 2,103 ) $ 506 $ ( 1,873 ) Net income (loss) attributable to noncontrolling interest 128 154 49 154 Net income (loss) attributable to shareholders of $ 404 $ ( 2,257 ) $ 457 $ ( 2,027 ) Income (loss) per share Basic Net income (loss) $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Net income (loss) attributable to shareholders of $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Diluted Net income (loss) $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Net income (loss) attributable to shareholders of $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Weighted average common shares outstanding Basic 20,206,919 20,058,966 20,164,486 20,012,735 Diluted Basic 20,206,919 20,058,966 20,164,486 20,012,735 Dilutive effect of restricted stock units and stock options 3,040 — 2,482 — Dilutive 20,209,959 20,058,966 20,166,968 20,012,735 The following securities were not included in the computation of diluted earnings per share as their effect would have been antidilutive: June 30, 2023 2022 Unvested restricted stock units 282,230 303,825 Options to purchase common stock 213,437 197,437 495,667 501,262

Equity

Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Equity	14. Equity Stock Issued to Employees and Directors The Company issued shares of common stock to employees and Directors as restricted stock units issued under the Company’s 2019 Incentive Plan vest. Upon issuance, entries were recorded to increase common stock and decrease paid in capital for the amounts shown below. The following is a summary of stock issuances that occurred during the six months ended June 30, 2023 : Date of Issue Employees or Shares Issued Value of March 6, 2023 Employees 14,064 82,837 March 7, 2023 Directors 18,000 92,700 March 8, 2023 Employees 18,338 141,753 March 8, 2023 Directors 12,000 92,760 April 11, 2023 Directors 33,000 250,800 June 1, 2023 Directors 17,520 101,591 June 2, 2023 Employees 13,200 93,324 June 2, 2023 Directors 20,100 143,229 146,222 998,994 Stock Repurchases The Company purchases shares of Common Stock from certain employees at the closing share price on the date of purchase. The stock is purchased from the employees to satisfy employees’ withholding tax obligations related to stock issuances described above. The below table summarizes shares repurchased from employees during the current year through June 30, 2023: Date of Purchase Shares Closing Price March 6, 2023 3,801 $ 5.12 March 8, 2023 3,804 $ 5.32 June 2, 2023 1,875 $ 4.82 9,480 Restricted Stock Awards The following table contains information regarding restricted stock units during the current year through June 30, 2023: June 30, Outstanding on January 1, 2023 288,904 Units granted during the period 141,800 Vested and issued ( 136,742 ) Vested-issued and repurchased for income tax withholding ( 9,480 ) Forfeited ( 2,252 ) Outstanding on June 30, 2023 282,230 The value of the restricted stock is being charged to compensation expense over the vesting period. Compensation expense includes expense related to restricted stock units of $ 312 and $ 641 for the three and six months ended June 30, 2023 and $ 500 and $ 728 for the three and six months ended June 30, 2022. Additional compensation expense related to restricted stock units will be $ 461 , $ 727 and $ 299 for the remainder of 2023, 2024 and 2025, respectively. Restricted Stock Award with Market Conditions On May 3, 2022, in connection with J. Michael Coffey’s appointment as the Company’s Chief Executive Officer as of April 11, 2022, he was granted 490,000 restricted stock units that vest upon attainment of certain stock price hurdles of the Company’s stock. The restricted stock units can only be received on an annual basis from the vesting start date. The fair value of the market conditions award was $ 2.2 million calculated by using the Monte Carlo Simulation based on the average of 20,000 simulation runs. The requisite service period used was three years , expected volatility was 60 % and the risk-free rate of return was 2.94 %. The value of the restricted stock units granted to Mr. Coffey is being charged to compensation expense over the requisite service period. Under ASC 718-10-35-2, compensation cost for the award of share-based compensation is recognized over the derived service periods (the time from the service inception date to the expected date of satisfaction) of either 12 or 24 months depending on the particular tranche based on the median number of days it takes for the award to vest in scenarios where they meet their threshold. Compensation expense related to restricted stock units was $ 240 and $ 611 for the three and six months ended June 30, 2023 and $ 180 for both the three and six months ended June 30, 2022. Additional compensation expense related to Mr. Coffey’s restricted stock units will be $ 417 and $ 231 for the remainder of 2023 and 2024, respectively . Restricted Stock Award with Market and Performance Conditions On May 3, 2022, in connection with his appointment, Mr. Coffey was also granted 100,000 restricted stock units that vest upon a change in control in which the per share consideration for the Company’s common stock exceeds $ 10.00 . The fair value of the market and performance conditions award was $ 481 , calculated by using the Black-Scholes Option Pricing Model. The requisite service period used for the calculation was three years , expected volatility was 60 % and the risk-free rate of return was 2.95 %. The fair value of stock-based compensation for market and performance conditions will be recognized in the Company’s financial statements only if it is probable that the conditions will be satisfied. Stock Options On May 3, 2022, in connection with his appointment, Mr. Coffey was also granted 100,000 stock options with an exercise price of $ 4.13 per share. The options vest ratably on each of the first three anniversary dates of Mr. Coffey’s appointment date, subject to his continued service with the Company on each vesting date. Compensation expense related to the Company’s stock options was $ 36 and $ 48 and $ 102 and $ 52 for the three and six months ended June 30, 2023 and 2022. Additional compensation expense related to Mr. Coffey’s options will be $ 67 , $ 82 and $ 28 for the remainder of 2023, 2024 and 2025, respectively. On May 1, 2023, 16,000 stock options were granted at $ 5.18 per share and vest ratably on each of the first three anniversary dates. Grant date Grant date Dividend yields — — Expected volatility 55.0 % 55.0 % Risk free interest rate 3.02 % 3.63 % Expected life (in years) 6 6 Fair value of the option granted $ 4.13 $ 2.87

Legal Proceedings and Other Con

Legal Proceedings and Other Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings and Other Contingencies	15. Legal Proceedings and Other Contingencies The Company is involved in various legal proceedings, including product liability, employment related issues, and workers’ compensation matters that have arisen in the normal course of operations. The Company has product liability insurance with self-insurance retention that range from $ 50 to $ 500 . When it is probable that a loss has been incurred and it is possible to make a reasonable estimate of the Company’s liability with respect to such matters, a provision is recorded for the amount of such estimate that is most likely to occur. Certain legal proceedings are at a preliminary stage, and it is not possible to estimate the amount or timing of any cost, if any, to the Company for these cases. However, the Company does not believe that these contingencies, in the aggregate, will have a material adverse effect on the Company. The Company has been named as a defendant in several multi-defendant asbestos-related product liability lawsuits. In certain instances, the Company is indemnified by a former owner of the product line involved. In the remaining cases the plaintiff has, to date, not been able to establish any exposure by the plaintiff to the Company’s products. The Company is uninsured with respect to these claims but believes that it will not incur any material liability with respect to these claims. On May 5, 2011 , Company entered into two separate settlement agreements with two plaintiffs. As of June 30, 2023, the Company has a remaining obligation under these agreements to pay the plaintiffs $ 855 without interest in 9 annual installments of $ 95 on or before May 22 of each year. The Company has recorded a liability for the net present value of the liability. The difference between the net present value and the total payment will be charged to interest expense over the payment period. It is reasonably possible that the estimated reserve for product liability claims may change within the next 12 months. A change in estimate could occur if a case is settled for more or less than anticipated, or if additional information becomes known to the Company.

Transactions between the Compan

Transactions between the Company and Related Parties	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Transactions between the Company and Related Parties	16. Transactions between the Company and Related Parties In the course of conducting its business, the Company has entered into certain related party transactions. C&M conducts business with RAM P&E LLC for the purposes of obtaining parts business as well as buying, selling and renting equipment. C&M is a distributor of Terex rough terrain and truck cranes. As such, C&M purchases cranes and parts from Terex. PM is a manufacturer of cranes. PM sold cranes, parts, and accessories to Tadano during 2023. Rabern rents heavy duty and light duty commercial construction equipment, mainly to commercial contractors on a short-term rental basis. Rabern sold a fixed asset to Steven Berner, the general manager of Rabern, in April 2022, in connection with the Rabern acquisition. In 2022, the Company became the lessee of four buildings from HTS Management LLC (“HTS”), an entity controlled by Mr. Berner, who is a key member of Rabern management. HTS operates as a holding company for property and as a single lessee leasing company for business use property for Rabern. HTS’s ongoing activities preceding and succeeding the Rabern acquisition relate to financing, purchasing, leasing and holding property leased to Rabern. Based on these activities, HTS would be subject to interest rate risk and real estate investment pricing risk related to holding the real estate as an investment. These risks represent the potential variability to be considered as passed to interest holders. Although we have a variable interest through our relationship with Mr. Berner, such variability is not passed on to Rabern in connection with the arrangement, and therefore Rabern is not the primary beneficiary of the VIE. Furthermore, all risks and benefits of the significant activities of HTS are passed to Mr. Berner directly and do not represent a direct or an indirect obligation for Rabern. As of June 30, 2023 and December 31, 2022, the Company had accounts receivable and payable with related parties as shown below: June 30, 2023 December 31, 2022 Accounts Receivable Terex (1) $ 9 $ — Accounts Payable Terex (1) $ 36 $ 60 Net Related Party Accounts $ ( 27 ) $ ( 60 ) The following is a summary of the amounts attributable to certain related party transactions as described in the footnotes to the table, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Rent paid: Rabern Facility (4) $ 242 $ 142 $ 433 $ 142 Sales to: Terex (1) $ 68 $ 51 $ 127 $ 90 Tadano (2) 11 12 61 24 RAM P&E (3) — — — 27 Steven Berner (5) — 80 — 80 Total Sales $ 79 $ 143 $ 188 $ 221 Purchases from: Terex (1) $ — $ 70 $ 35 $ 139 Tadano (2) — 7 7 137 Total Purchases $ - $ 77 $ 42 $ 276 (1) Terex is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business. (2) Tadano is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business. (3) RAM P&E is owned by the Company’s Executive Chairman’s daughter. (4) The Company leases its Rabern facilities from HTS, an entity controlled by Steven Berner, the General Manager of Rabern. Pursuant to the terms of the lease, the Company makes monthly lease payments to HTS. The Company is also responsible for all the associated operations expenses, including insurance, property taxes and repairs. The leases contain additional renewal options at the Company's discretion. (5) The Company sold an automobile to Steven Berner, the General Manager of Rabern for approximately $ 80 in April 2022, in connection with the Rabern Acquisition.

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Note 17. Restructuring On January 12, 2022, the Company announced a restructuring plan (the “Restructuring”) that will result in the closure of its Badger facility in Winona, Minnesota. As part of the Restructuring, the Company intends to move the manufacturing of its straight mast boom cranes and aerial platforms now produced in Winona, Minnesota, to its Georgetown, Texas, facility. The Restructuring is expected to be completed during 2023.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Business Combination	Note 18. Business Combination On April 11, 2022, Manitex entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”), with Rabern and Steven Berner. Pursuant to the Purchase Agreement, the Company acquired a 70 % membership interest in Rabern for a purchase price of approximately $ 26 million in cash plus assumed debt of $ 14 million, subject to the various adjustments, escrows and other provisions of the Purchase Agreement. The Rabern acquisition closed on April 11, 2022 . A total of $ 1.5 million of the purchase price is held in escrow for various purposes, as described in the Purchase Agreement. Rabern is a construction equipment rental provider established in 1984 and primarily serves Northern Texas. The president and founder of Rabern, Steven Berner, retained a 30 % ownership interest and continues to run the operation as a stand-alone division of the Company. The purchase price is subject to adjustments based on the final calculation of working capital and the net book value of the rental fleet as of the date of the acquisition. The Company financed the acquisition by borrowings on the Company’s line of credit and a term loan. The acquisition of Rabern was accounted for as a business combination in accordance with Accounting Standards Codification ASC 805, Business Combinations, which requires allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed in the transaction. The preliminary fair value of the consideration transferred at the acquisition date was $ 40.5 million. The financial results of Rabern beginning on April 11, 2022 are included in the Company's condensed consolidated financial statements and are reported in the Rental Equipment segment. The following table summarizes the purchase price allocations for the Rabern acquisition as of June 30, 2023: Total purchase consideration: Consideration $ 25,900 Revolving loan payoff 14,604 Net purchase consideration 40,504 Allocation of consideration to assets acquired and liabilities assumed: Cash 2,975 Net working capital 2,886 Other current assets 419 Fixed assets 27,658 Customer relationships 4,500 Trade name and trademarks 1,200 Goodwill 12,770 Deferred tax liability ( 2,441 ) Other current liabilities ( 500 ) Total fair value of assets acquired 49,467 Less: noncontrolling interests, net of taxes 8,963 Net assets acquired $ 40,504 The fair value of identifiable intangible assets is determined primarily using the relief from royalty approach and multi-period excess earnings method for trademarks and customer relationships, respectively. Fixed asset values were estimated using either the cost or market approach. Goodwill represents the amount by which the purchase price exceeds the estimated fair value of the net assets acquired. The Rabern acquisition was structured as a taxable purchase of 70 % of a partnership interest whereby Manitex and Mr. Berner subsequently contributed their respective membership interest in Rabern to a newly formed Delaware corporation. The partnership will make an IRC Section 754 Election which will give Manitex Section 743(b) step-up in the tax basis in the partnership assets for its acquired membership interest.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 19. Segment Information The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by the Chief Executive Officer, who is also the Company’s Chief Operating Decision Maker, for making decisions about the allocation of resources and assessing performance as the source of the Company’s reportable operating segments. The Company is a leading provider of engineered lifting solutions and equipment rentals. The Company operates in two business segments: the Lifting Equipment segment and the Rental Equipment segment. Lifting Equipment Segment The Lifting Equipment segment is a leading provider of engineered lifting solutions. The Company manufactures a comprehensive line of boom trucks, articulating cranes, truck cranes and sign cranes. The Company is also a manufacturer of specialized rough terrain cranes and material handling products. Through PM and Valla, two of the Company's Italian subsidiaries, the Company manufacturers truck- mounted hydraulic knuckle boom cranes and a full range of precision pick and carry industrial cranes using electric, diesel and hybrid power options. Rental Equipment Segment The Company’s Rental Equipment segment rents heavy duty and light duty commercial construction equipment, mainly to commercial contractors on a short-term rental basis. The Company also rents equipment to homeowners for do-it-yourself projects. The following is financial information for our two operating segments: Lifting Equipment and Rental Equipment: Three Months Ended Six Months Ended 2023 2022 2023 2022 Net revenues Lifting Equipment $ 66,264 $ 63,338 $ 127,376 $ 123,758 Rental Equipment 7,270 6,239 14,029 6,239 Total revenue $ 73,534 $ 69,577 $ 141,405 $ 129,997 Operating income (loss) Lifting Equipment $ 2,438 $ ( 2,181 ) $ 5,019 $ ( 1,531 ) Rental Equipment 894 511 878 511 Total operating income (loss) $ 3,332 $ ( 1,670 ) $ 5,897 $ ( 1,020 ) Depreciation and amortization Lifting Equipment $ 1,172 $ 1,102 $ 2,260 $ 2,247 Rental Equipment 1,697 1,670 3,661 1,670 Total depreciation and amortization $ 2,869 $ 2,772 $ 5,921 $ 3,917 Capital expenditures Lifting Equipment $ 467 $ 247 $ 1,012 $ 847 Rental Equipment 548 8,960 2,494 8,960 Total capital expenditures $ 1,015 $ 9,207 $ 3,506 $ 9,807 Three Months Ended Three Months Ended Lifting Rental Total Lifting Rental Total Net sales by country United States $ 27,695 $ 7,270 $ 34,965 $ 30,808 $ 6,239 $ 37,047 Italy 14,805 — 14,805 7,993 — 7,993 Canada 7,031 — 7,031 5,655 — 5,655 Chile 1,296 — 1,296 3,092 — 3,092 France 2,209 — 2,209 2,709 — 2,709 Other 13,228 — 13,228 13,081 — 13,081 Total $ 66,264 $ 7,270 $ 73,534 $ 63,338 $ 6,239 $ 69,577 Six Months Ended Six Months Ended Lifting Rental Total Lifting Rental Total Net sales by country United States $ 51,066 $ 14,029 $ 65,095 $ 61,692 $ 6,239 $ 67,931 Italy 28,009 — 28,009 14,666 — 14,666 Canada 12,935 — 12,935 9,743 — 9,743 France 4,477 — 4,477 6,386 — 6,386 Chile 5,855 — 5,855 5,544 — 5,544 Other 25,034 — 25,034 25,727 — 25,727 Total $ 127,376 $ 14,029 $ 141,405 $ 123,758 $ 6,239 $ 129,997

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting Policy	The summary of the Company’s significant accounting policies is presented to assist in understanding the Company’s consolidated financial statements. The financial statements and notes are representations of the Company’s management who is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of the financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term securities purchased with maturity dates of three months or less to be cash equivalents. The cash in the Company’s U.S. banks is not fully insured by the FDIC due to the statutory limit of $ 250 .
Restricted Cash	Restricted Cash Certain of the Company’s lending arrangements require the Company to post collateral or maintain minimum cash balances in escrow. These cash amounts are reported as current assets on the balance sheets based on when the cash will be contractually released. Total restricted cash was $ 210 and $ 217 at June 30, 2023 and December 31, 2022 , respectively.
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at invoiced amount and do not bear interest. The Company has adopted a policy consistent with GAAP for the periodic review of its accounts receivable to determine whether the establishment of an allowance for credit losses is warranted based on the Company’s assessment of the collectability of the accounts. The Company established an allowance for credit losses of $ 2,000 and $ 1,948 at June 30, 2023 and December 31, 2022, respectively. The Company also has, in some instances, a security interest in its accounts receivable until payment is received.
Property, Equipment and Depreciation	Property, Equipment and Depreciation Property and equipment are stated at cost or the fair market value at the date of acquisition for property and equipment acquired in connection with the acquisition of a company. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation of property, and equipment is calculated using the straight-line method over the estimated useful lives of the assets. Depreciation expense for the three and six months ended June 30, 2023 was $ 2,062 and $ 4,365 , respectively. Depreciation expense for the three and six months ended June 30, 2022 was $ 2,027 and $ 2,489 respectively.
Accrued Warranties	Accrued Warranties Warranty costs are accrued at the time revenue is recognized. The Company’s products are typically sold with a warranty covering defects that arise during a fixed period of time. The specific warranty offered is a function of customer expectations and competitive forces. A liability for estimated warranty claims is accrued at the time of sale. Such liability is established using historical warranty claim experience. The current provision may be adjusted to take into account unusual or non-recurring events in the past or anticipated changes in future warranty claims. Adjustments to the initial warranty accrual are recorded if actual claim experience indicates that adjustments are necessary. As of June 30, 2023 and December 31, 2022 , accrued warranties were $ 1,965 and $ 1,916 respectively.
Advertising	Advertising Advertising costs are expensed as incurred and were $ 432 and $ 619 for the three and six months ended June 30, 2023 , respectively. Advertising costs were $ 349 and $ 459 for the three and six months ended June 30, 2022 , respectively.
Business Combinations	Business Combinations The Company accounts for acquisitions in accordance with guidance found in ASC 805, Business Combinations. The guidance requires consideration given, including contingent consideration, assets acquired and liabilities assumed to be valued at their fair market values at the acquisition date. The guidance further provides that: (1) acquisition costs will generally be expensed as incurred and (2) changes in deferred tax asset valuation allowances and income tax uncertainties after the acquisition date generally will affect income tax expense. The Company records identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date. Goodwill is calculated as the excess of the aggregate of the fair value of the consideration transferred over the fair value of the net assets recognized.
Noncontrolling Interest	Noncontrolling Interest A noncontrolling interest is the equity interest of consolidated entities that is not owned by the Company. Noncontrolling interest is adjusted for the noncontrolling partners' share of earnings (losses) in accordance with the applicable agreement. Earnings allocated to such noncontrolling partners are recorded as income applicable to noncontrolling interest in the accompanying Condensed Consolidated Statements of Operations.
Share-based Compensation	Share-based Compensation The Company has elected to account for restricted stock awards with market conditions using a graded vesting method. This method recognizes the compensation cost in the Condensed Consolidated Statement of Operations over the requisite service period for each separately-vesting tranche of awards.

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Transactions	Transactions for the periods ended June 30, 2023 and 2022 are as follows: Six months ended June 30, 2023 2022 Interest received in cash $ - $ 3 Interest paid in cash 4,043 1,158 Income tax payments in cash ( 23 ) 169 Recognition of right-of-use asset and right-of-use liability 2,928 2,543 Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets: Cash and cash equivalents $ 7,092 $ 16,588 Restricted cash 210 207 Cash, cash equivalents and restricted cash at the end of year $ 7,302 $ 16,795

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2023
Disaggregation of Revenue [Abstract]
Summary of Disaggregates of Revenue, Geographic Area and Source	The following table disaggregates our revenue for the three and six months ended June 30, 2023 and 2022: Three Months Ended Six Months Ended 2023 2022 2023 2022 Boom trucks, knuckle boom & truck cranes $ 46,785 $ 38,338 $ 86,021 $ 75,969 Aerial platforms 8,209 9,448 17,098 17,773 Other equipment 4,761 7,148 9,385 13,771 Part sales 5,668 7,109 12,860 13,881 Rentals 6,238 5,184 12,073 5,236 Services 813 1,166 1,930 2,183 Merchandise sales and other 1,060 1,184 2,038 1,184 Total Revenue $ 73,534 $ 69,577 $ 141,405 $ 129,997 The Company attributes revenue to different geographic areas based on where items are shipped to or services are performed. The following table provides detail of revenues by geographic area for the three and six months ended June 30, 2023 and 2022: Three Months Ended Six Months Ended 2023 2022 2023 2022 United States $ 34,965 $ 37,047 $ 65,095 $ 67,931 Italy 14,805 7,993 28,009 14,666 Canada 7,031 5,655 12,935 9,743 Chile 1,296 3,092 5,855 5,544 France 2,209 2,709 4,477 6,386 Other 13,228 13,081 25,034 25,727 Total Revenue $ 73,534 $ 69,577 $ 141,405 $ 129,997
Summary of Changes in Customer Deposits	The following table summarizes changes in customer deposits for the six months ended June 30 as follows: June 30, June 30, Customer deposits January 1, $ 3,407 $ 7,121 Additional customer deposits received where revenue has not yet been recognized 4,597 7,697 Revenue recognized from customer deposits ( 5,330 ) ( 10,528 ) Effect of change in exchange rates ( 21 ) ( 336 ) Total customer deposits $ 2,653 $ 3,954

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Items Measures at Fair Value on Recurring Basis	The following is summary of items that the Company measures at fair value on a recurring basis: Fair Value at June 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Forward currency exchange contracts $ — $ 37 $ — $ 37 Total recurring liabilities at fair value $ — $ 37 $ — $ 37 Fair Value at December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Forward currency exchange contracts $ — $ 124 $ — $ 124 Total current assets at fair value $ — $ 124 $ — $ 124

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Amounts of Derivative Instruments Reported in Consolidated Balance Sheets	The following table provides the location and fair value amounts of derivative instruments that are reported in the Condensed Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022: Fair Value Balance Sheet Location June 30, December 31, Asset Derivatives Foreign currency exchange contract Prepaid expense and other current assets $ — $ 124 Liabilities Derivatives Foreign currency exchange contract Accrued expenses $ 37 $ —
Effect of Derivative Instruments on Condensed Consolidated Statements of Operations	The following tables provide the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2023 and 2022: Gain (loss) Gain (loss) Location of gain or Three Months Ended Six months ended June 30, 2023 2022 2023 2022 Derivatives Not Designated For ward currency contract Foreign currency $ 37 $ 196 $ 52 $ ( 160 ) $ 37 $ 196 $ 52 $ ( 160 )

Inventory, Net (Tables)

Inventory, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Components of Inventory	The components of inventory are as follows: June 30, December 31, Raw materials and purchased parts, net $ 56,251 $ 47,168 Work in process, net 7,726 6,015 Finished goods, net 19,332 16,618 Inventory, net $ 83,309 $ 69,801

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Accumulated Amortization by Category	Intangible assets and accumulated amortization by category as of June 30, 2023 is as follows: Weighted Average Gross Net Amortization Carrying Accumulated Carrying Period (in years) Amount Amortization Amount Patented and unpatented technology 2 $ 16,511 $ ( 15,159 ) $ 1,352 Customer relationships 9 22,527 ( 15,729 ) 6,798 Trade names and trademarks 15 5,469 ( 2,915 ) 2,554 Software 4 969 ( 80 ) 889 Indefinite lived trade names 2,103 2,103 Total intangible assets, net $ 13,696 Intangible assets and accumulated amortization by category as of December 31, 2022 is as follows: Weighted Average Gross Net Amortization Carrying Accumulated Carrying Period (in years) Amount Amortization Amount Patented and unpatented technology 2 $ 16,469 $ ( 14,553 ) $ 1,916 Customer relationships 9 22,000 ( 14,344 ) 7,656 Trade names and trademarks 15 5,469 ( 2,804 ) 2,665 Software 4 236 ( 56 ) 180 Indefinite lived trade names 1,950 — 1,950 Total intangible assets, net $ 14,367
Schedule of Estimated Amortization Expense	Estimated amortization expense for the next five years and subsequent is as follows: Amount 2023 $ 1,226 2024 2,138 2025 2,138 2026 1,382 2027 795 2028 506 And subsequent 3,408 Total intangible assets currently to be amortized 11,593 Intangible assets with indefinite lives not amortized 2,103 Total intangible assets $ 13,696
Changes in Goodwill	Changes in goodwill for the six months ended June 30, 2023 and 2022 are as follows:   2023   2022 Balance January 1,  $ 36,916   $ 24,949 Goodwill for Rabern acquisition  ( 80 )   12,850 Effect of change in exchange rates  239   ( 883 ) Balance June 30,  $ 37,075   $ 36,916

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2023
Accrued Liabilities [Abstract]
Schedule of Accrued Expenses	June 30, December 31, Accrued payroll and benefits $ 5,122 $ 4,929 Accrued vacation 1,983 1,635 Accrued warranty 1,965 1,916 Accrued income tax and other taxes 1,377 841 Accrued legal settlement 1,160 1,160 Accrued expenses—other 2,627 1,898 Total accrued expenses $ 14,234 $ 12,379

Accrued Warranty (Tables)

Accrued Warranty (Tables)	6 Months Ended
	Jun. 30, 2023
Guarantees [Abstract]
Summary of Changes in Product Warranty Liability	The following table summarizes the changes in product warranty liability: For the six months ended June 30, 2023 2022 Balance January 1, $ 1,916 $ 1,578 Provision for warranties issued during the year 1,069 1,250 Warranty services provided ( 1,028 ) ( 958 ) Foreign currency translation 8 ( 40 ) Balance June 30, $ 1,965 $ 1,830

Credit Facilities and Debt (Tab

Credit Facilities and Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Debt	Debt is summarized as follows: June 30, 2023 December 31, 2022 U.S. Credit Facilities $ 46,007 $ 41,521 U.S Term Loan 13,919 14,721 Italy Group Short-Term Working Capital Borrowings 21,020 19,365 Italy Group Term Loan 10,065 9,675 Other 495 1,223 Total debt 91,504 86,505 Less: Debt issuance costs ( 80 ) ( 99 ) Debt, net of issuance costs $ 91,424 $ 86,406

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Leases on Consolidated Balance Sheet	Leases Classification June 30, 2023 December 31, 2022 Assets Operating lease assets Operating lease assets $ 8,010 $ 5,667 Financing lease assets Fixed assets, net 1,809 2,005 Total leased assets $ 9,819 $ 7,672 Liabilities Current Operating Current liabilities $ 2,167 $ 1,758 Financing Current liabilities 555 509 Non-current Operating Non-current liabilities 5,843 3,909 Financing Non-current liabilities 3,092 3,382 Total lease liabilities $ 11,657 $ 9,558
Schedule of Lease Cost	Three months ended June 30, Six months ended June 30, Lease Cost Classification 2023 2022 2023 2022 Operating lease costs Operating lease assets $ 612 $ 214 $ 1,106 $ 510 Finance lease cost Amortization of Amortization 91 96 182 187 Interest on lease liabilities Interest expense 119 128 235 259 Lease cost $ 822 $ 438 $ 1,523 $ 956
Summary of Other Information Related to Leases	Three months ended June 30, For the six months ended Other Information 2023 2022 2023 2022 Cash paid for amounts included in the Operating cash flows from operating $ 612 $ 214 $ 1,106 $ 510 Operating cash flows from finance 91 128 189 259 Financing cash flows from finance 123 107 242 191 Lease cost $ 826 $ 449 $ 1,537 $ 960
Schedule of Future Principal Minimum Lease Payments	Operating Leases Finance Leases 2023 $ 1,091 $ 553 2024 1,827 972 2025 1,722 1,012 2026 1,684 1,018 2027 1,048 1,049 2028 549 356 And subsequent 413 - Total undiscounted lease payments 8,333 4,960 Less interest ( 323 ) ( 1,313 ) Total liabilities $ 8,010 $ 3,647 Less current maturities ( 2,167 ) ( 555 ) Non-current lease liabilities $ 5,843 $ 3,092 In con nection with our acquisition of Rabern, the Company became the lessee of four locations from HTS Management LLC (“HTS”), an entity controlled by Steven Berner, who is a key member of Rabern management. HTS operates as a holding company for property and as a single lessor leasing company for business use property for Rabern. HTS’s ongoing activities preceding and succeeding the Rabern acquisition relate to financing, purchasing, leasing and holding property leased to Rabern.

Net Earnings (Loss) per Comm_2

Net Earnings (Loss) per Common Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Basic and Diluted Net Earnings Per Share	Basic net earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Details of the calculations are as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 Net income (loss) $ 532 $ ( 2,103 ) $ 506 $ ( 1,873 ) Net income (loss) attributable to noncontrolling interest 128 154 49 154 Net income (loss) attributable to shareholders of $ 404 $ ( 2,257 ) $ 457 $ ( 2,027 ) Income (loss) per share Basic Net income (loss) $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Net income (loss) attributable to shareholders of $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Diluted Net income (loss) $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Net income (loss) attributable to shareholders of $ 0.02 $ ( 0.10 ) $ 0.02 $ ( 0.09 ) Weighted average common shares outstanding Basic 20,206,919 20,058,966 20,164,486 20,012,735 Diluted Basic 20,206,919 20,058,966 20,164,486 20,012,735 Dilutive effect of restricted stock units and stock options 3,040 — 2,482 — Dilutive 20,209,959 20,058,966 20,166,968 20,012,735
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	The following securities were not included in the computation of diluted earnings per share as their effect would have been antidilutive: June 30, 2023 2022 Unvested restricted stock units 282,230 303,825 Options to purchase common stock 213,437 197,437 495,667 501,262

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Summary of Stock Issuances	The following is a summary of stock issuances that occurred during the six months ended June 30, 2023 : Date of Issue Employees or Shares Issued Value of March 6, 2023 Employees 14,064 82,837 March 7, 2023 Directors 18,000 92,700 March 8, 2023 Employees 18,338 141,753 March 8, 2023 Directors 12,000 92,760 April 11, 2023 Directors 33,000 250,800 June 1, 2023 Directors 17,520 101,591 June 2, 2023 Employees 13,200 93,324 June 2, 2023 Directors 20,100 143,229 146,222 998,994
Summary of Common Stock Repurchases	The below table summarizes shares repurchased from employees during the current year through June 30, 2023: Date of Purchase Shares Closing Price March 6, 2023 3,801 $ 5.12 March 8, 2023 3,804 $ 5.32 June 2, 2023 1,875 $ 4.82 9,480
Restricted Stock Units Outstanding	The following table contains information regarding restricted stock units during the current year through June 30, 2023: June 30, Outstanding on January 1, 2023 288,904 Units granted during the period 141,800 Vested and issued ( 136,742 ) Vested-issued and repurchased for income tax withholding ( 9,480 ) Forfeited ( 2,252 ) Outstanding on June 30, 2023 282,230
Summary of Assumptions to Calculate the Black-Scholes Option Pricing Model for Stock Options Granted	Grant date Grant date Dividend yields — — Expected volatility 55.0 % 55.0 % Risk free interest rate 3.02 % 3.63 % Expected life (in years) 6 6 Fair value of the option granted $ 4.13 $ 2.87

Transactions between the Comp_2

Transactions between the Company and Related Parties (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of Accounts Receivable and Accounts Payable with Related Parties	As of June 30, 2023 and December 31, 2022, the Company had accounts receivable and payable with related parties as shown below: June 30, 2023 December 31, 2022 Accounts Receivable Terex (1) $ 9 $ — Accounts Payable Terex (1) $ 36 $ 60 Net Related Party Accounts $ ( 27 ) $ ( 60 )
Related Party Transactions	The following is a summary of the amounts attributable to certain related party transactions as described in the footnotes to the table, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Rent paid: Rabern Facility (4) $ 242 $ 142 $ 433 $ 142 Sales to: Terex (1) $ 68 $ 51 $ 127 $ 90 Tadano (2) 11 12 61 24 RAM P&E (3) — — — 27 Steven Berner (5) — 80 — 80 Total Sales $ 79 $ 143 $ 188 $ 221 Purchases from: Terex (1) $ — $ 70 $ 35 $ 139 Tadano (2) — 7 7 137 Total Purchases $ - $ 77 $ 42 $ 276 (1) Terex is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business. (2) Tadano is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business. (3) RAM P&E is owned by the Company’s Executive Chairman’s daughter. (4) The Company leases its Rabern facilities from HTS, an entity controlled by Steven Berner, the General Manager of Rabern. Pursuant to the terms of the lease, the Company makes monthly lease payments to HTS. The Company is also responsible for all the associated operations expenses, including insurance, property taxes and repairs. The leases contain additional renewal options at the Company's discretion. (5) The Company sold an automobile to Steven Berner, the General Manager of Rabern for approximately $ 80 in April 2022, in connection with the Rabern Acquisition.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Summary of Purchase Price Allocations	The following table summarizes the purchase price allocations for the Rabern acquisition as of June 30, 2023: Total purchase consideration: Consideration $ 25,900 Revolving loan payoff 14,604 Net purchase consideration 40,504 Allocation of consideration to assets acquired and liabilities assumed: Cash 2,975 Net working capital 2,886 Other current assets 419 Fixed assets 27,658 Customer relationships 4,500 Trade name and trademarks 1,200 Goodwill 12,770 Deferred tax liability ( 2,441 ) Other current liabilities ( 500 ) Total fair value of assets acquired 49,467 Less: noncontrolling interests, net of taxes 8,963 Net assets acquired $ 40,504

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Summary of Financial Information of Operating Segments	The following is financial information for our two operating segments: Lifting Equipment and Rental Equipment: Three Months Ended Six Months Ended 2023 2022 2023 2022 Net revenues Lifting Equipment $ 66,264 $ 63,338 $ 127,376 $ 123,758 Rental Equipment 7,270 6,239 14,029 6,239 Total revenue $ 73,534 $ 69,577 $ 141,405 $ 129,997 Operating income (loss) Lifting Equipment $ 2,438 $ ( 2,181 ) $ 5,019 $ ( 1,531 ) Rental Equipment 894 511 878 511 Total operating income (loss) $ 3,332 $ ( 1,670 ) $ 5,897 $ ( 1,020 ) Depreciation and amortization Lifting Equipment $ 1,172 $ 1,102 $ 2,260 $ 2,247 Rental Equipment 1,697 1,670 3,661 1,670 Total depreciation and amortization $ 2,869 $ 2,772 $ 5,921 $ 3,917 Capital expenditures Lifting Equipment $ 467 $ 247 $ 1,012 $ 847 Rental Equipment 548 8,960 2,494 8,960 Total capital expenditures $ 1,015 $ 9,207 $ 3,506 $ 9,807
Summary of Net Sales by Country	Three Months Ended Three Months Ended Lifting Rental Total Lifting Rental Total Net sales by country United States $ 27,695 $ 7,270 $ 34,965 $ 30,808 $ 6,239 $ 37,047 Italy 14,805 — 14,805 7,993 — 7,993 Canada 7,031 — 7,031 5,655 — 5,655 Chile 1,296 — 1,296 3,092 — 3,092 France 2,209 — 2,209 2,709 — 2,709 Other 13,228 — 13,228 13,081 — 13,081 Total $ 66,264 $ 7,270 $ 73,534 $ 63,338 $ 6,239 $ 69,577 Six Months Ended Six Months Ended Lifting Rental Total Lifting Rental Total Net sales by country United States $ 51,066 $ 14,029 $ 65,095 $ 61,692 $ 6,239 $ 67,931 Italy 28,009 — 28,009 14,666 — 14,666 Canada 12,935 — 12,935 9,743 — 9,743 France 4,477 — 4,477 6,386 — 6,386 Chile 5,855 — 5,855 5,544 — 5,544 Other 25,034 — 25,034 25,727 — 25,727 Total $ 127,376 $ 14,029 $ 141,405 $ 123,758 $ 6,239 $ 129,997

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation - Additional Information (Detail) $ in Thousands		6 Months Ended
	Apr. 11, 2022 USD ($)	Jun. 30, 2023 Model Segment Branch
Partnership Organization And Basis Of Presentation [Line Items]
Number of reportable segments | Segment		2
Number of operating segment | Segment		5
Number of reporting units | Segment		5
Rabern Rentals, LLC [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Cash consideration	$ 25,900
Purchase price	$ 40,504
Number of branches | Branch		3
Rabern Rentals, LLC [Member] | Membership Interest Purchase Agreement [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Percentage of membership interest acquired	70%
Cash consideration	$ 26,000
Cash plus assumed debt	$ 14,000
Rabern Rentals, LLC [Member] | Steven Berner [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Percentage of membership interest acquired	100%
Rabern Rentals, LLC [Member] | Steven Berner [Member] | Membership Interest Purchase Agreement [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Percentage of membership interest acquired	30%
Minimum [Member] | PM Group [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Number of models | Model		50

Nature of Operations and Basi_4

Nature of Operations and Basis of Presentation - Schedule of Supplemental Cash Flow Transactions (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Interest received in cash		$ 3
Interest paid in cash	$ 4,043	1,158
Income tax payments in cash	(23)	169
Recognition of right-of-use asset and right-of-use liability	2,928	2,543
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets:
Cash and cash equivalents	7,092	16,588
Restricted cash	210	207	$ 217
Cash, cash equivalents and restricted cash at the end of year	$ 7,302	$ 16,795	$ 8,190	$ 21,581

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounting Policies [Line Items]
Statutory limit of highly liquid investments	$ 250		$ 250
Cash - restricted	210	$ 207	210	$ 207	$ 217
Allowance for bad debt	2,000		2,000		1,948
Depreciation Expense	2,062	2,027	4,365	2,489
Accrued warranties			1,965		$ 1,916
Advertising costs	$ 432	$ 349	$ 619	$ 459

Revenue Recognition - Summary o

Revenue Recognition - Summary of Disaggregates of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 73,534	$ 69,577	$ 141,405	$ 129,997
Boom Trucks, Knuckle Boom & Truck Cranes [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	46,785	38,338	86,021	75,969
Aerial Platforms [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	8,209	9,448	17,098	17,773
Other Equipment [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	4,761	7,148	9,385	13,771
Part Sales [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	5,668	7,109	12,860	13,881
Rentals [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	6,238	5,184	12,073	5,236
Services [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	813	1,166	1,930	2,183
Merchandise Sales and Other [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 1,060	$ 1,184	$ 2,038	$ 1,184

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 73,534	$ 69,577	$ 141,405	$ 129,997
United States [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	34,965	37,047	65,095	67,931
Italy [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	14,805	7,993	28,009	14,666
Canada [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	7,031	5,655	12,935	9,743
Chile [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	1,296	3,092	5,855	5,544
France [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	2,209	2,709	4,477	6,386
Other [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 13,228	$ 13,081	$ 25,034	$ 25,727

Revenue Recognition - Summary_3

Revenue Recognition - Summary of Changes in Customer Deposits (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Customer deposits January 1,	$ 3,407	$ 7,121
Additional customer deposits received where revenue has not yet been recognized	4,597	7,697
Revenue recognized from customer deposits	(5,330)	(10,528)
Effect of change in exchange rates	(21)	(336)
Total customer deposits	$ 2,653	$ 3,954

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Items Measures at Fair Value on Recurring Basis (Detail) - Fair Value Measurements Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total current assets at fair value		$ 124
Total liabilities at fair value	$ 37
Forward Currency Exchange Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total current assets at fair value		124
Total liabilities at fair value	37
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total current assets at fair value		124
Total liabilities at fair value	37
Level 1 [Member] | Forward Currency Exchange Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total current assets at fair value		$ 124
Total liabilities at fair value	$ 37

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Detail)	Jun. 30, 2023 CLP ($) ForwardContract	Jun. 30, 2023 EUR (€) ForwardContract	Jun. 30, 2022 ForwardContract
Forward Currency Contracts [Member] | Derivatives Designated as Hedge Instrument [Member] | Designated as Cash Flow Hedges [Member]
Derivative [Line Items]
Number of forward currency exchange contracts | ForwardContract	0	0	0
First and Second Forward Currency Contracts [Member]
Derivative [Line Items]
Contractual obligation foreign currency contracts | €		€ 2,721,000
First and Second Forward Currency Contracts [Member] | Chile Pesos [Member]
Derivative [Line Items]
Contractual obligation foreign currency contracts | $	$ 2,500,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value Amounts of Derivative Instruments Reported in Consolidated Balance Sheets (Detail) - Derivatives Not Designated as Hedge Instrument [Member] - Foreign Currency Exchange Contract [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivatives Fair Value [Line Items]
Asset Derivatives		$ 124
Liabilities Derivatives	$ 37

Derivative Financial Instrume_5

Derivative Financial Instruments - Effect of Derivative Instruments on Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives Fair Value [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Foreign Currency Transaction Gain (Loss), before Tax	Foreign Currency Transaction Gain (Loss), before Tax	Foreign Currency Transaction Gain (Loss), before Tax	Foreign Currency Transaction Gain (Loss), before Tax
Forward Currency Contracts [Member] | Derivatives Not Designated as Hedge Instrument [Member]
Derivatives Fair Value [Line Items]
Gain (loss) recognized in statement of operations	$ 37	$ 196	$ 52	$ (160)
Forward Currency Contracts [Member] | Forward Currency Contract [Member] | Derivatives Not Designated as Hedge Instrument [Member]
Derivatives Fair Value [Line Items]
Gain (loss) recognized in statement of operations	$ 37	$ 196	$ 52	$ (160)

Inventory, Net - Components of

Inventory, Net - Components of Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and purchased parts, net	$ 56,251	$ 47,168
Work in process, net	7,726	6,015
Finished goods, net	19,332	16,618
Inventory, net	$ 83,309	$ 69,801

Inventory, Net - Additional Inf

Inventory, Net - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Reserves for obsolete and excess inventory	$ 8,118	$ 7,791

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets and Accumulated Amortization by Category (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Finite And Infinite Lived Intangible Assets [Line Items]
Total intangible assets, net	$ 13,696	$ 14,367
Indefinite lived trade names	2,103	1,950
Patented and Unpatented Technology [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,511	16,469
Accumulated Amortization	(15,159)	(14,553)
Total intangible assets, net	$ 1,352	$ 1,916
Weighted Average Amortization Period (in years)	2 years	2 years
Customer Relationships [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 22,527	$ 22,000
Accumulated Amortization	(15,729)	(14,344)
Total intangible assets, net	$ 6,798	$ 7,656
Weighted Average Amortization Period (in years)	9 years	9 years
Software [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 969	$ 236
Accumulated Amortization	(80)	(56)
Total intangible assets, net	$ 889	$ 180
Weighted Average Amortization Period (in years)	4 years	4 years
Trade Names and Trademarks [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (2,915)	$ (2,804)
Total intangible assets, net	$ 2,554	$ 2,665
Weighted Average Amortization Period (in years)	15 years	15 years
Gross Carrying Amount	$ 5,469	$ 5,469
Trade Names [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,103	$ 1,950

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite And Infinite Lived Intangible Assets [Line Items]
Amortization expense	$ 807,000	$ 745	$ 1,556	$ 1,428
Customer Relationships [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)			9 years		9 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 1,226
2024	2,138
2025	2,138
2026	1,382
2027	795
2028	506
And subsequent	3,408
Total intangible assets currently to be amortized	11,593
Intangible assets with indefinite lives not amortized	2,103
Total intangible assets, net	$ 13,696	$ 14,367

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Finite And Infinite Lived Intangible Assets [Line Items]
Beginning Balance	$ 36,916	$ 24,949
Goodwill for Rabern acquisition	(80)	12,850
Effect of change in exchange rates	239	(883)
Ending Balance	$ 37,075	$ 36,916

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Accrued payroll and benefits	$ 5,122	$ 4,929
Accrued vacation	1,983	1,635
Accrued warranty	1,965	1,916
Accrued income tax and other taxes	1,377	841
Accrued legal settlement	1,160	1,160
Accrued expenses—other	2,627	1,898
Total accrued expenses	$ 14,234	$ 12,379

Accrued Warranty - Summary of C

Accrued Warranty - Summary of Changes in Product Warranty Liability (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Product Warranties Disclosures [Abstract]
Beginning Balance	$ 1,916	$ 1,578
Provision for warranties issued during the year	1,069	1,250
Warranty services provided	(1,028)	(958)
Foreign currency translation	8	(40)
Ending Balance	$ 1,965	$ 1,830

Credit Facilities and Debt - Su

Credit Facilities and Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt	$ 91,504	$ 86,505
Less: Debt issuance costs	(80)	(99)
Debt, net of issuance costs	91,424	86,406
U.S. Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	46,007	41,521
Italy Group Short-Term Working Capital Borrowings [Member]
Debt Instrument [Line Items]
Total debt	21,020	19,365
U.S Term Loan [Member]
Debt Instrument [Line Items]
Total debt	13,919	14,721
Italy Group Term Loan [Member]
Debt Instrument [Line Items]
Total debt	10,065	9,675
Other [Member]
Debt Instrument [Line Items]
Total debt	$ 495	$ 1,223

Credit Facilities and Debt - Ad

Credit Facilities and Debt - Additional Information - U.S. Credit Facilities and Term Loan (Detail) - USD ($) $ in Thousands			6 Months Ended
	Jan. 25, 2023	Apr. 11, 2022	Jun. 30, 2023	Dec. 31, 2022
Line Of Credit Facility [Line Items]
Debt issuance cost			$ 80	$ 99
Book value of debt			91,424	86,406
Bank Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility			$ 13,919	14,721
Amarillo National Bank Financing [Member]
Line Of Credit Facility [Line Items]
Minimum net worth required		$ 80,000
Amarillo National Bank Financing [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Debt service coverage ratio		1.25
Amarillo National Bank Financing [Member] | Revolving Credit Facility [Member] | Commercial Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility, maturity date		Apr. 11, 2024
Revolving credit facility, extended maturity date	Apr. 11, 2025
Revolving credit facility extended maturity terms			The rolling two-year maturity extension repeats on April 11 each year following 2025 unless the lender provides 120 days’ written notice of non-extension.
Revolving credit facility		$ 40,000
Line of credit facility interest rate description			Borrowings under the $40,000 revolving credit facility bear interest at a floating rate equal to the Prime Rate as of June 12, 2023. Previously, the rate was Prime plus 0.50%.
Revolving credit facility, payment description			The $40,000 revolving credit facility requires monthly interest payments with the full principal balance coming due at maturity.
Unused line fee		0.125%
Unused line fee, payment description			payable semi-annually
Amarillo National Bank Financing [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | Commercial Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Interest rate		0.50%
Amarillo National Bank Financing [Member] | Revolving Credit Facility [Member] | Commercial Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility, maturity date		Apr. 11, 2024
Revolving credit facility, extended maturity date	Apr. 11, 2025
Revolving credit facility		$ 30,000
Revolving credit facility, payment commencing date		Jan. 01, 2023
Line of credit facility interest rate description			Borrowings under the $30,000 revolving credit facility bear interest at a floating rate equal to the Prime Rate as of June 12, 2023. Previously, the rate was Prime plus 0.50%.
Revolving credit facility, payment description			The $30,000 facility requires quarterly interest payments and principal payments in the amount of 3% of the outstanding balance thereunder on a quarterly basis beginning on January 1, 2023.
Amarillo National Bank Financing [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | Commercial Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Interest rate		0.50%
Amarillo National Bank Financing [Member] | Bank Term Loan Facility [Member] | Commercial Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility, maturity date		Oct. 11, 2029
Bank loans		$ 15,000
Line of credit facility interest rate description			The term loan requires monthly interest payments at a floating rate equal to the Prime Rate. Previously, the rate was Prime plus 0.50%.
Revolving credit facility, payment description			Monthly installments of principal and interest based on an 84-month amortization are payable beginning on November 11, 2022 with the remaining principal balance coming due at maturity on October 11, 2029.
Amarillo National Bank Financing [Member] | Bank Term Loan Facility [Member] | Prime Rate [Member] | Commercial Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Interest rate		0.50%
CIBC Bank USA [Member] | U.S. Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility			$ 46,007	$ 41,521

Credit Facilities and Debt - _2

Credit Facilities and Debt - Additional Information - PM Group Short-Term Working Capital Borrowing (Detail) - Short-term Working Capital Borrowings [Member] - PM Group [Member] $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) Bank	Dec. 31, 2022 USD ($) Bank
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | $	$ 26,007	$ 24,127
Short-term debt | $	$ 20,953	$ 19,130
Italy [Member]
Line Of Credit Facility [Line Items]
Number of banks which PM Group established demand credit and overdraft facilities	5	5
Spain [Member]
Line Of Credit Facility [Line Items]
Number of banks which PM Group established demand credit and overdraft facilities	1	1
South America [Member]
Line Of Credit Facility [Line Items]
Number of banks which PM Group established demand credit and overdraft facilities	12	12
Romania [Member]
Line Of Credit Facility [Line Items]
Number of banks which PM Group established demand credit and overdraft facilities	1	1
Romania [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Working capital borrowing interest rate	4%
Romania [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Working capital borrowing interest rate	4.80%
3-month Euribor [Member] | Cash Facilities [Member] | Italy [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, basis spread on variable rate	4.50%	4.50%
3-month Euribor [Member] | Cash Facilities [Member] | Italy [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, basis spread on variable rate	1.75%	1.75%
3-month Euribor [Member] | Cash Facilities [Member] | Italy [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, basis spread on variable rate	3.55%	3.55%

Credit Facilities and Debt - _3

Credit Facilities and Debt - Additional Information - Valla Short-Term Working Capital Borrowings (Detail) - Short-term Working Capital Borrowings [Member] - Valla Contingent Consideration [Member]	Jun. 30, 2023 USD ($) Bank	Dec. 31, 2022 USD ($) Bank
Credit Facilities [Line Items]
Line of credit facility, maximum borrowing capacity	$ 608,000	$ 599,000
Revolving credit facility	$ 192,000	$ 235,000
Italy [Member]
Credit Facilities [Line Items]
Number of Italian banks | Bank	2	2
Minimum [Member] | Italy [Member]
Credit Facilities [Line Items]
Working capital borrowing interest rate	1.67%	1.67%
Maximum [Member] | Italy [Member]
Credit Facilities [Line Items]
Working capital borrowing interest rate	12%	12%

Credit Facilities and Debt - _4

Credit Facilities and Debt - Additional Information - PM Group Term Loans (Detail) - PM Group [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Unsecured Debt [Member]
Line Of Credit Facility [Line Items]
Bank loans	$ 4,711	$ 4,637
Debt instrument, interest rate, effective percentage	3.50%	3.50%
Annual payments	$ 1,500
Bank Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Bank loans	5,116	$ 5,038
Bank Term Loan Facility [Member] | Romania [Member]
Line Of Credit Facility [Line Items]
Bank loans	$ 136	$ 175
Debt Instrument Interest Rate	2.75%	2.75%
Notes maturity year	2027
Bank Term Loan Facility [Member] | Notes Payable to Bank [Member]
Line Of Credit Facility [Line Items]
Debt Instrument Interest Rate	3.50%	3.50%
Annual principal payments, 2026	$ 600
Bank Term Loan Facility [Member] | Balloon Payment [Member]
Line Of Credit Facility [Line Items]
Debt instrument periodic payment terms balloon payment to be paid	$ 3,262
Debt instrument ending date for principal payments	2026

Leases - Additional Information

Leases - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Lease renewal term	Most leases include one or more options to renew, with renewal terms that can extend the lease term.
Weighted average remaining useful life for operating leases		5 years 7 months 6 days
Weighted average remaining useful life for finance leases	5 years
Weighted average discount rate for finance leases	12.40%	5.20%

Leases - Schedule of Leases on

Leases - Schedule of Leases on Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Operating lease assets	$ 8,010	$ 5,667
Financing lease assets	$ 1,809	$ 2,005
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Total leased assets	$ 9,819	$ 7,672
Current
Operating	2,167	1,758
Financing	555	509
Non-current
Operating	5,843	3,909
Financing	3,092	3,382
Total lease liabilities	$ 11,657	$ 9,558

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease Cost
Operating lease costs	$ 612	$ 214	$ 1,106	$ 510
Finance lease cost
Amortization of leased assets	91	96	182	187
Interest on lease liabilities	119	128	235	259
Lease cost	$ 822	$ 438	$ 1,523	$ 956

Leases - Summary of Other Infor

Leases - Summary of Other Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 612	$ 214	$ 1,106	$ 510
Operating cash flows from finance leases	91	128	189	259
Financing cash flows from finance leases	123	107	242	191
Lease cost	$ 826	$ 449	$ 1,537	$ 960

Leases - Schedule of Future Pri

Leases - Schedule of Future Principal Minimum Lease Payments (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating Leases
2023	$ 1,091
2024	1,827
2025	1,722
2026	1,684
2027	1,048
2028	549
And subsequent	413
Total undiscounted lease payments	8,333
Less interest	(323)
Total liabilities	8,010
Less current maturities	(2,167)	$ (1,758)
Operating	5,843	3,909
Capital Leases
2023	553
2024	972
2025	1,012
2026	1,018
2027	1,049
2028	356
Total undiscounted lease payments	4,960
Less interest	(1,313)
Total liabilities	3,647
Less current maturities	(555)	(509)
Financing	$ 3,092	$ 3,382

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Taxes Disclosure [Line Items]
Income tax (benefit) provision	$ 207	$ 232	$ 220	$ 364
Discrete income tax expense (benefit)		$ (200)		$ (200)
Annual effective tax rate	28.20%	12.40%	30.30%	24.20%
Pretax income (loss)	$ 739	$ (1,871)	$ 726	$ (1,509)
Annual statutory tax rates	21%		21%
Total unrecognized tax benefits	$ 2,900	$ 3,000	$ 2,900	$ 3,000
Maximum [Member]
Income Taxes Disclosure [Line Items]
Discrete income tax expense (benefit)	$ 100		$ 100

Net Earnings (Loss) per Common

Net Earnings (Loss) per Common Share - Basic and Diluted Net Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income (loss)	$ 532	$ (2,103)	$ 230	$ 506	$ (1,873)
Net income (loss) attributable to noncontrolling interest	128	154		49	154
Net income (loss) attributable to shareholders of Manitex International, Inc.	$ 404	$ (2,257)		$ 457	$ (2,027)
Basic
Net income (loss)	$ 0.02	$ (0.10)		$ 0.02	$ (0.09)
Net income (loss) attributable to shareholders of Manitex International, Inc.	0.02	(0.10)		0.02	(0.09)
Diluted
Net income (loss)	0.02	(0.10)		0.02	(0.09)
Net income (loss) attributable to shareholders of Manitex International, Inc.	$ 0.02	$ (0.10)		$ 0.02	$ (0.09)
Weighted average common shares outstanding
Basic	20,206,919	20,058,966		20,164,486	20,012,735
Diluted
Basic	20,206,919	20,058,966		20,164,486	20,012,735
Dilutive effect of restricted stock units and stock options	3,040			2,482
Dilutive	20,209,959	20,058,966		20,166,968	20,012,735

Net Earnings (Loss) per Commo_2

Net Earnings (Loss) per Common Share - Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share (Detail) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	495,667	501,262
Unvested Restricted Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	282,230	303,825
Options to Purchase Common Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	213,437	197,437

Equity - Summary of Stock Issua

Equity - Summary of Stock Issuances (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	146,222
Value of Shares Issued | $	$ 998,994
Employee [Member] | March 6, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	14,064
Value of Shares Issued | $	$ 82,837
Employee [Member] | March 8, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	18,338
Value of Shares Issued | $	$ 141,753
Employee [Member] | June 2, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	13,200
Value of Shares Issued | $	$ 93,324
Directors [Member] | March 7, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	18,000
Value of Shares Issued | $	$ 92,700
Directors [Member] | March 8, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	12,000
Value of Shares Issued | $	$ 92,760
Directors [Member] | April 11, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	33,000
Value of Shares Issued | $	$ 250,800
Directors [Member] | June 1, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	17,520
Value of Shares Issued | $	$ 101,591
Directors [Member] | June 2, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	20,100
Value of Shares Issued | $	$ 143,229

Equity - Summary of Common Stoc

Equity - Summary of Common Stock Repurchases (Detail)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Schedule Of Share Repurchase Programs [Line Items]
Shares Purchased	9,480
March 6, 2023 [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares Purchased	3,801
Closing Price on Date of Purchase | $ / shares	$ 5.12
March 8, 2023 [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares Purchased	3,804
Closing Price on Date of Purchase | $ / shares	$ 5.32
June 2, 2023 [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares Purchased	1,875
Closing Price on Date of Purchase | $ / shares	$ 4.82

Equity - Restricted Stock Units

Equity - Restricted Stock Units Outstanding (Detail)	6 Months Ended
	Jun. 30, 2023 shares
Equity [Abstract]
Outstanding on January 1, 2023	288,904
Units granted during the period	141,800
Vested and issued	(136,742)
Vested-issued and repurchased for income tax withholding	(9,480)
Forfeited	(2,252)
Outstanding on June 30, 2023	282,230

Equity - Additional Information

Equity - Additional Information - Restricted Stock Award (Detail) - Restricted Stock Units [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related to restricted stock units	$ 312	$ 500	$ 641	$ 728
Compensation expense related to restricted stock awards and stock options for remainder of 2023	461		461
Compensation expense related to restricted stock awards and stock options granted for year 2024	727		727
Compensation expense related to restricted stock awards and stock options granted for year 2025	$ 299		$ 299

Equity - Additional Informati_2

Equity - Additional Information - Restricted Stock Award with Market Conditions (Detail) $ in Thousands		3 Months Ended		6 Months Ended
	May 03, 2022 USD ($) Simulation shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock award granted | shares				141,800
Restricted Stock Award with Market Conditions [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock award granted | shares	490,000
Fair value of market conditions	$ 2,200
Average number of simulation runs | Simulation	20,000
Expected term	3 years
Expected volatility rate	60%
Risk free interest rate	2.94%
Compensation expense related to restricted stock units		$ 240	$ 180	$ 611	$ 180
Compensation expense related to restricted stock awards and stock options for remainder of 2023		417		417
Compensation expense related to restricted stock awards and stock options granted for year 2024		$ 231		$ 231

Equity - Additional Informati_3

Equity - Additional Information - Restricted Stock Award with Market and Performance Conditions (Detail) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	May 03, 2022	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock award granted		141,800
Restricted Stock Award with Market and Performance Conditions [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock award granted	100,000
Per share consideration for common stock exceeds	$ 10
Fair value of market conditions	$ 481
Expected term	3 years
Expected volatility rate	60%
Risk free interest rate	2.95%

Equity - Additional Informati_4

Equity - Additional Information - Stock Options (Detail) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended		6 Months Ended
	May 01, 2023	May 03, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Class Of Warrant Or Right [Line Items]
Stock options granted	16,000	100,000
Stock options granted, exercise price per share	$ 5.18	$ 4.13
Stock options vesting period	3 years	3 years
Compensation expense related to stock options			$ 36	$ 102	$ 48	$ 52
Compensation expense related to restricted stock awards and stock options for remainder of 2023			67		67
Compensation expense related to restricted stock awards and stock options granted for year 2024			82		82
Compensation expense related to restricted stock awards and stock options granted for year 2025			$ 28		$ 28

Equity - Summary of Assumptions

Equity - Summary of Assumptions for Stock Options (Detail) - Stock Options [Member] - $ / shares	May 03, 2023	May 03, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate	55%	55%
Risk free interest rate	3.63%	3.02%
Expected term	6 years	6 years
Fair value of the option granted	$ 2.87	$ 4.13

Legal Proceedings and Other C_2

Legal Proceedings and Other Contingencies - Additional Information (Detail)		6 Months Ended
	May 05, 2011 Agreement Plaintiff	Jun. 30, 2023 USD ($) Installment
Loss Contingencies [Line Items]
Number of settlement agreements | Agreement	2
Number of plaintiff | Plaintiff	2
Remaining obligation to pay product liability settlement to plaintiffs		$ 855,000
Number of installments for the payment of product liability settlement | Installment		9
Annual installment amount		$ 95,000
Settlement agreements date		May 5, 2011
Settlement payment terms		the Company has a remaining obligation under these agreements to pay the plaintiffs $855 without interest in 9 annual installments of $95 on or before May 22 of each year.
Estimated Reserve for Product Liability Claims, change in period		12 months
Accrued for pending legal case		$ 335,000
Accrued for pension payment to union		487,000
Minimum [Member]
Loss Contingencies [Line Items]
Product liability insurance self insurance retentions amount		50,000
Maximum [Member]
Loss Contingencies [Line Items]
Product liability insurance self insurance retentions amount		$ 500,000

Transactions between the Comp_3

Transactions between the Company and Related Parties - Schedule of Accounts Receivable and Accounts Payable with Related Parties (Detail) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Net Related Party Accounts Receivable/(Payable)		$ (27)	$ (60)
Terex Corporation [Member]
Related Party Transaction [Line Items]
Accounts Receivable	[1]	9
Accounts Payable	[1]	$ 36	$ 60
[1] Terex is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business.

Transactions between the Comp_4

Transactions between the Company and Related Parties - Related Party Transactions (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Total Sales		$ 79	$ 143	$ 188	$ 221
Total Purchases			77	42	276
Rabern Rentals, LLC [Member]
Related Party Transaction [Line Items]
Total Sales	[1]	242	142	433	142
Terex Corporation [Member]
Related Party Transaction [Line Items]
Total Sales	[2]	68	51	127	90
Total Purchases	[2]		70	35	139
Tadano [Member]
Related Party Transaction [Line Items]
Total Sales	[3]	$ 11	12	61	24
Total Purchases	[3]		7	$ 7	137
RAM P&E [Member]
Related Party Transaction [Line Items]
Total Sales	[4]				27
Steven Berner [Member]
Related Party Transaction [Line Items]
Total Sales	[5]		$ 80		$ 80
[1] The Company leases its Rabern facilities from HTS, an entity controlled by Steven Berner, the General Manager of Rabern. Pursuant to the terms of the lease, the Company makes monthly lease payments to HTS. The Company is also responsible for all the associated operations expenses, including insurance, property taxes and repairs. The leases contain additional renewal options at the Company's discretion. Terex is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business. Tadano is a significant shareholder of the Company and conducts business with the Company in the ordinary course of business. RAM P&E is owned by the Company’s Executive Chairman’s daughter. The Company sold an automobile to Steven Berner, the General Manager of Rabern for approximately $ 80 in April 2022, in connection with the Rabern Acquisition.

Transactions between the Comp_5

Transactions between the Company and Related Parties - Related Party Transactions (Parenthetical) (Detail) $ in Thousands	1 Months Ended
	Apr. 30, 2022 USD ($)
Steven Berner [Member]
Related Party Transaction [Line Items]
Automobile sold, price	$ 80

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Apr. 11, 2022	Jun. 30, 2022	Jun. 30, 2022
Business Acquisition [Line Items]
Transaction costs		$ 1,886	$ 2,199
Rabern Rentals, LLC [Member]
Business Acquisition [Line Items]
Cash consideration	$ 25,900
Purchase price	$ 40,504
Rabern Rentals, LLC [Member] | Steven Berner [Member]
Business Acquisition [Line Items]
Percentage of membership interest acquired	100%
Rabern Rentals, LLC [Member] | Membership Interest Purchase Agreement [Member]
Business Acquisition [Line Items]
Percentage of membership interest acquired	70%
Cash consideration	$ 26,000
Acquisition closed date	Apr. 11, 2022
Cash plus assumed debt	$ 14,000
Amount held in escrow	$ 1,500
Rabern Rentals, LLC [Member] | Membership Interest Purchase Agreement [Member] | Steven Berner [Member]
Business Acquisition [Line Items]
Percentage of membership interest acquired	30%

Business Combination - Summary

Business Combination - Summary of Purchase Price Allocations (Detail) - USD ($) $ in Thousands	Apr. 11, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Allocation of consideration to assets acquired and liabilities assumed:
Goodwill		$ 37,075	$ 36,916	$ 36,916	$ 24,949
Rabern Rentals, LLC [Member]
Total purchase consideration:
Consideration	$ 25,900
Revolving loan payoff	14,604
Net purchase consideration	40,504
Allocation of consideration to assets acquired and liabilities assumed:
Cash	2,975
Net working capital	2,886
Other current assets	419
Fixed assets	27,658
Goodwill	12,770
Deferred tax liability	(2,441)
Other current liabilities	(500)
Total fair value of assets acquired	49,467
Less: noncontrolling interests, net of taxes	8,963
Net assets acquired	40,504
Rabern Rentals, LLC [Member] | Customer Relationships [Member]
Allocation of consideration to assets acquired and liabilities assumed:
Intangible assets	4,500
Rabern Rentals, LLC [Member] | Trade Names and Trademarks [Member]
Allocation of consideration to assets acquired and liabilities assumed:
Intangible assets	$ 1,200

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2023 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information - Summary o

Segment Information - Summary of Financial Information of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 73,534	$ 69,577	$ 141,405	$ 129,997
Operating income (loss)	3,332	(1,670)	5,897	(1,020)
Depreciation and amortization	2,869	2,772	5,921	3,917
Capital expenditures	1,015	9,207	3,506	9,807
Lifting Equipment [Member]
Segment Reporting Information [Line Items]
Net revenues	66,264	63,338	127,376	123,758
Rental Equipment [Member]
Segment Reporting Information [Line Items]
Net revenues	7,270	6,239	14,029	6,239
Operating Segments [Member] | Lifting Equipment [Member]
Segment Reporting Information [Line Items]
Net revenues	66,264	63,338	127,376	123,758
Operating income (loss)	2,438	(2,181)	5,019	(1,531)
Depreciation and amortization	1,172	1,102	2,260	2,247
Capital expenditures	467	247	1,012	847
Operating Segments [Member] | Rental Equipment [Member]
Segment Reporting Information [Line Items]
Net revenues	7,270	6,239	14,029	6,239
Operating income (loss)	894	511	878	511
Depreciation and amortization	1,697	1,670	3,661	1,670
Capital expenditures	$ 548	$ 8,960	$ 2,494	$ 8,960

Segment Information - Summary_2

Segment Information - Summary of Net Sales by Country (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Net sales	$ 73,534	$ 69,577	$ 141,405	$ 129,997
United States [Member]
Segment Reporting Information [Line Items]
Net sales	34,965	37,047	65,095	67,931
Italy [Member]
Segment Reporting Information [Line Items]
Net sales	14,805	7,993	28,009	14,666
Canada [Member]
Segment Reporting Information [Line Items]
Net sales	7,031	5,655	12,935	9,743
France [Member]
Segment Reporting Information [Line Items]
Net sales	2,209	2,709	4,477	6,386
Chile [Member]
Segment Reporting Information [Line Items]
Net sales	1,296	3,092	5,855	5,544
Other [Member]
Segment Reporting Information [Line Items]
Net sales	13,228	13,081	25,034	25,727
Lifting Equipment [Member]
Segment Reporting Information [Line Items]
Net sales	66,264	63,338	127,376	123,758
Rental Equipment [Member]
Segment Reporting Information [Line Items]
Net sales	7,270	6,239	14,029	6,239
Operating Segments [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net sales	34,965		65,095	67,931
Operating Segments [Member] | Italy [Member]
Segment Reporting Information [Line Items]
Net sales	14,805	7,993	28,009
Operating Segments [Member] | Canada [Member]
Segment Reporting Information [Line Items]
Net sales	7,031		12,935	9,743
Operating Segments [Member] | France [Member]
Segment Reporting Information [Line Items]
Net sales		2,709		6,386
Operating Segments [Member] | Chile [Member]
Segment Reporting Information [Line Items]
Net sales	1,296		5,855
Operating Segments [Member] | Lifting Equipment [Member]
Segment Reporting Information [Line Items]
Net sales	66,264	63,338	127,376	123,758
Operating Segments [Member] | Lifting Equipment [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net sales	27,695	30,808	51,066	61,692
Operating Segments [Member] | Lifting Equipment [Member] | Italy [Member]
Segment Reporting Information [Line Items]
Net sales	14,805	7,993	28,009	14,666
Operating Segments [Member] | Lifting Equipment [Member] | Canada [Member]
Segment Reporting Information [Line Items]
Net sales	7,031	5,655	12,935	9,743
Operating Segments [Member] | Lifting Equipment [Member] | France [Member]
Segment Reporting Information [Line Items]
Net sales	2,209	2,709	4,477	6,386
Operating Segments [Member] | Lifting Equipment [Member] | Chile [Member]
Segment Reporting Information [Line Items]
Net sales	1,296	3,092	5,855	5,544
Operating Segments [Member] | Lifting Equipment [Member] | Other [Member]
Segment Reporting Information [Line Items]
Net sales	13,228	13,081	25,034	25,727
Operating Segments [Member] | Rental Equipment [Member]
Segment Reporting Information [Line Items]
Net sales	7,270	6,239	14,029	6,239
Operating Segments [Member] | Rental Equipment [Member] | United States [Member]
Segment Reporting Information [Line Items]
Net sales	$ 7,270	$ 6,239	$ 14,029	$ 6,239