Manitex International (MNTX) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 4,673	$ 7,973
Cash - restricted	203	217
Trade receivables (net)	47,114	43,856
Other receivables	1,059	1,750
Inventory (net)	85,186	69,801
Prepaid expense and other current assets	2,748	3,907
Total current assets	140,983	127,504
Total fixed assets, net of accumulated depreciation of $28,382 and $22,441 at September 30, 2023 and December 31, 2022, respectively	48,747	51,697
Operating lease assets	7,498	5,667
Intangible assets (net)	12,769	14,367
Goodwill	36,674	36,916
Deferred tax assets	452	452
Total assets	247,123	236,603
Current liabilities
Accounts payable	50,665	45,682
Accrued expenses	13,780	12,379
Related party payable (net)	13	60
Notes payable	18,640	22,666
Current portion of finance lease obligations	579	509
Current portion of operating lease obligations	1,998	1,758
Customer deposits	2,220	3,407
Total current liabilities	87,895	86,461
Long-term liabilities
Revolving term credit facilities (net)	48,259	41,479
Notes payable (net)	20,857	22,261
Finance lease obligations (net of current portion)	2,940	3,382
Operating lease obligations (net of current portion)	5,500	3,909
Deferred gain on sale of property	367	427
Deferred tax liability	4,574	5,151
Other long-term liabilities	5,057	5,572
Total long-term liabilities	87,554	82,181
Total liabilities	175,449	168,642
Commitments and contingencies
Equity
Preferred Stock - Authorized 150,000 shares, no shares issued or outstanding at September 30, 2023 and December 31, 2022
Common Stock - no par value 25,000,000 shares authorized, 20,252,114 and 20,107,014 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	134,294	133,289
Paid in capital	5,014	4,266
Retained deficit	(71,182)	(73,338)
Accumulated other comprehensive loss	(6,261)	(5,822)
Equity attributable to shareholders of Manitex International, Inc.	61,865	58,395
Equity attributed to noncontrolling interest	9,809	9,566
Total equity	71,673	67,961
Total liabilities and equity	$ 247,122	$ 236,603

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accumulated Depreciation	$ 28,382	$ 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	20,252,114	20,107,014
Common Stock, shares outstanding	20,252,114	20,107,014

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net revenues	$ 71,331	$ 65,037	$ 212,736	$ 195,034
Cost of sales	54,746	52,693	166,806	160,198
Gross profit	16,585	12,344	45,930	34,836
Operating expenses
Research and development costs	861	659	2,512	2,095
Selling, general and administrative expenses	10,545	10,440	32,342	30,317
Transaction costs		37		2,236
Total operating expenses	11,406	11,136	34,854	34,648
Operating income (loss)	5,179	1,208	11,076	188
Other income (expense)
Interest expense	(1,997)	(1,409)	(5,658)	(2,982)
Interest income	141		141	3
Foreign currency transaction (loss) gain	(883)	175	(1,656)	268
Other income (expense)	196	(2,852)	(541)	(1,864)
Total other expense	(2,543)	(4,086)	(7,714)	(4,575)
Income (loss) before income taxes	2,636	(2,878)	3,362	(4,387)
Income tax expense	742	206	962	570
Net income (loss)	1,894	(3,084)	2,400	(4,957)
Net income attributable to noncontrolling interest	194	288	243	442
Net income attributable to shareholders of Manitex International, Inc.	$ 1,700	$ (3,372)	$ 2,157	$ (5,399)
Income (loss) per share
Basic	$ 0.08	$ (0.17)	$ 0.11	$ (0.27)
Diluted	$ 0.08	$ (0.17)	$ 0.11	$ (0.27)
Weighted average common shares outstanding
Basic	20,252,114	20,094,475	20,193,696	20,039,981
Diluted	20,254,830	20,094,475	20,196,255	20,039,981

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net income (loss)	$ 1,894	$ (3,084)	$ 2,400	$ (4,957)
Other comprehensive income (loss)
Total other comprehensive income (loss)	(1,134)	(2,007)	(439)	(4,396)
Total comprehensive income (loss)	760	(5,091)	1,961	(9,353)
Less: comprehensive income attributable to noncontrolling interest	194	288	243	442
Total comprehensive income (loss) attributable to shareholders of Manitex International, Inc.	566	(5,379)	1,718	(9,795)
Accumulated Other Comprehensive Loss [Member]
Other comprehensive income (loss)
Foreign currency translation gain (loss)	$ (1,134)	$ (2,007)	$ (439)	$ (4,396)

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/grant		$ 734	(734)
Employee incentive plan issuance/grant, 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)	(4,957)
Balance end of year at Sep. 30, 2022	63,879	$ 133,249	3,674	(73,835)	(8,615)	$ 9,406
Balance end of year, shares at Sep. 30, 2022		20,099,849
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/grant		$ 417	(417)
Employee incentive plan issuance/grant, 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
Net income (loss)	(3,084)			(3,372)		288
Gain (loss) on foreign currency translation	(2,007)				2,007
Employee incentive plan issuance/grant		$ 148	(148)
Employee incentive plan issuance/grant, shares		26,320
Repurchase to satisfy withholding and cancelled shares	(28)	$ (28)
Repurchase to satisfy withholding and cancelled, shares		(4,725)
Share-based compensation	749		749
Balance end of year at Sep. 30, 2022	63,879	$ 133,249	3,674	(73,835)	(8,615)	9,406
Balance end of year, shares at Sep. 30, 2022		20,099,849
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)	(26)			53		(79)
Gain (loss) on foreign currency translation	673				673
Employee incentive plan issuance/grant		$ 410	(410)
Employee incentive plan issuance/grant, 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)	$ 2,400
Repurchase to satisfy withholding and cancelled, shares	(11,207)
Balance end of year at Sep. 30, 2023	$ 71,673	$ 134,294	5,014	(71,182)	(6,261)	9,809
Balance end of year, shares at Sep. 30, 2023		20,252,114
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/grant		$ 589	(589)
Employee incentive plan issuance/grant, 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
Net income (loss)	1,894			1,700		194
Net income (loss)	1,894
Gain (loss) on foreign currency translation	(1,134)				(1,134)
Employee incentive plan issuance/grant		$ 64	(64)
Employee incentive plan issuance/grant, shares		10,085
Repurchase to satisfy withholding and cancelled shares	(9)	$ (9)
Repurchase to satisfy withholding and cancelled, shares		(1,727)
Share-based compensation	457		457
Balance end of year at Sep. 30, 2023	$ 71,673	$ 134,294	$ 5,014	$ (71,182)	$ (6,261)	$ 9,809
Balance end of year, shares at Sep. 30, 2023		20,252,114

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 2,400	$ (4,957)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	8,658	6,531
Changes in allowances for credit losses	79	(678)
Changes in inventory reserves	(207)	(1,733)
Deferred income taxes	(493)	25
Amortization of deferred debt issuance costs	34	95
Amortization of debt discount	57	55
Loss (gain) on forward currency contract	321	(267)
Loss (gain) on disposal of fixed assets	15	(764)
Share-based compensation	1,811	1,710
Adjustment to deferred gain on sales lease back	(60)	(60)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(3,350)	(4,826)
(Increase) decrease in other receivables	688	1,131
(Increase) decrease in inventory	(15,718)	(14,607)
(Increase) decrease in prepaid expenses	813	(150)
Increase (decrease) in other assets		(168)
Increase (decrease) in accounts payables and related party payables	5,284	6,475
Increase (decrease) in accrued expenses	1,513	4,510
Increase (decrease) increase in other current liabilities	(1,192)	(3,218)
Increase (decrease) in other long-term liabilities	(481)	(357)
Net cashprovided by (used in) operating activities	172	(11,253)
Cash flows from investing activities:
Payments for acquisition, net of cash acquired		(38,366)
Proceeds from the sale of fixed assets	422	1,909
Purchase of property and fixed assets	(4,637)	(13,662)
Investment in intangible assets	(62)	(64)
Net cash used in investing activities	(4,277)	(50,183)
Cash flows from financing activities:
Net borrowings on revolving term credit facilities	6,744	53,357
Borrowings on term debt		15,000
Payments on revolving term credit facility		(12,800)
Net borrowings on working capital facilities	(2,859)	864
New borrowings—other		903
Debt issuance costs incurred		(125)
Note payments	(2,384)	(1,096)
Shares repurchased for income tax withholding on share-based compensation	(58)	(257)
Payments on finance lease obligations	(371)	(313)
Net cash provided by (used in) financing activities	1,072	55,533
Net decrease in cash and cash equivalents	(3,033)	(5,903)
Effect of exchange rate changes on cash	(281)	(3,813)
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	$ 4,876	$ 11,865

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Sep. 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 September 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 nine months ended September 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 September 30, 2023 and 2022 are as follows: Nine months ended September 30, 2023 2022 Interest received in cash $ 140 $ 3 Interest paid in cash 5,667 2,308 Income tax (refunds) payments in cash ( 1 ) 536 Recognition of right-of-use asset and right-of-use liability 3,547 2,699 Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets: Cash and cash equivalents $ 4,673 $ 11,677 Restricted cash 203 188 Cash, cash equivalents and restricted cash at the end of year $ 4,876 $ 11,865

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 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 Condensed Consolidated 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 Condensed Consolidated Financial Statements Cash and Cash Equivalents For purposes of the Condensed Consolidated Statements 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 Condensed Consolidated Balance Sheets based on when the cash will be contractually released. Total restricted cash was $ 203 and $ 217 at September 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 $ 1,916 and $ 1,948 at September 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 nine months ended September 30, 2023 was $ 1,943 and $ 6,309 , respectively. Depreciation expense for the three and nine months ended September 30, 2022 was $ 1,899 and $ 4,388 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 September 30, 2023 and December 31, 2022 , accrued warranties were $ 1,890 and $ 1,916 respectively. Advertising Advertising costs are expensed as incurred and were $ 271 and $ 890 for the three and nine months ended September 30, 2023 , respectively. Advertising costs were $ 133 and $ 591 for the three and nine months ended September 30, 2022 , respectively. Noncontrolling Interest A noncontrolling interest is the equity interest of consolidated entities that are not owned by the Company. Noncontrolling interest is adjusted for the noncontrolling partners' share of earnings (losses) in accordance with the applicable agreement. Earning s (losses) 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	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	3. Revenue Recognition The following table disaggregates our revenue for the three and nine months ended September 30, 2023 and 2022: Three Months Ended Nine Months Ended September 30, 2023 2022 2023 2022 Boom trucks, knuckle boom & truck cranes $ 41,224 $ 32,394 $ 126,595 $ 108,361 Aerial platforms 8,203 6,985 25,301 24,758 Part sales 7,083 6,653 19,942 20,534 Rentals 6,739 6,629 18,810 11,865 Services 893 1,088 2,824 3,270 Merchandise sales and other 883 1,058 2,921 2,245 Other equipment 6,306 10,230 16,343 24,001 Total Revenue $ 71,331 $ 65,037 $ 212,736 $ 195,034 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 nine months ended September 30, 2023 and 2022: Three Months Ended Nine Months Ended 2023 2022 2023 2022 United States $ 33,771 $ 35,887 $ 98,866 $ 103,818 Italy 10,032 7,983 38,040 22,649 Canada 6,120 6,129 19,055 15,872 Chile 5,988 3,057 11,843 8,601 France 1,608 1,617 6,982 8,003 United Kingdom 2,836 1,288 6,089 7,680 Argentina 2,505 2,460 4,828 5,624 Other 8,471 6,616 27,033 22,787 Total Revenue $ 71,331 $ 65,037 $ 212,736 $ 195,034 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 nine months ended September 30 as follows: September 30, September 30, Customer deposits January 1, $ 3,407 $ 7,121 Additional customer deposits received where revenue has not yet been recognized 6,325 9,438 Revenue recognized from customer deposits ( 7,428 ) ( 12,472 ) Effect of change in exchange rates ( 84 ) ( 336 ) Total customer deposits $ 2,220 $ 3,751

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 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 September 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 September 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Forward currency exchange contracts $ — $ 141 $ — $ 141 Total recurring liabilities at fair value $ — $ 141 $ — $ 141 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	9 Months Ended
	Sep. 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 September 30, 2023, the Company had entered into forward currency exchange contracts for t he purpose of mitigating 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 September 30, 2023 and December 31, 2022: Fair Value Balance Sheet Location September 30, December 31, Asset Derivatives Foreign currency exchange contract Prepaid expense and other current assets $ — $ 124 Liabilities Derivatives Foreign currency exchange contract Accrued expenses $ 141 $ — The following tables provide the effect of derivative instruments on the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2023 and 2022: Gain (loss) Gain (loss) Location of gain or Three Months Ended Nine Months Ended September 30, 2023 2022 2023 2022 Derivatives Not Designated For ward currency contract Foreign currency $ ( 104 ) $ ( 107 ) $ ( 266 ) $ ( 267 ) $ ( 104 ) $ ( 107 ) $ ( 266 ) $ ( 267 ) During the three and nine months ended September 30, 2023 and 2022, there were no forward currency contracts designated as cash flow hedges. As such, all gains and losses related to forward currency contracts during the three and nine months ended September 30, 2023 and 2022 were recorded in current earnings and did not impact other comprehensive income.

Inventory, Net

Inventory, Net	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventory, Net	6. Inventory, net The components of inventory are as follows: September 30, December 31, Raw materials and purchased parts, net $ 60,031 $ 47,168 Work in process 7,697 6,015 Finished goods, net 17,458 16,618 Inventory, net $ 85,186 $ 69,801 The Company has established reserves for obsolete and excess inventory of $ 7,722 and $ 7,791 as of September 30, 2023 and December 31, 2022 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 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 September 30, 2023 is as follows: Weighted Average Gross Net Amortization Carrying Accumulated Carrying Period (in years) Amount Amortization Amount Patented and unpatented technology 2 $ 17,205 $ ( 15,285 ) $ 1,920 Customer relationships 8 21,894 ( 15,583 ) 6,311 Trade names and trademarks 15 5,469 ( 2,970 ) 2,499 Software 4 612 ( 462 ) 150 Indefinite lived trade names 1,889 — 1,889 Total intangible assets, net $ 12,769 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 $ 793 and $ 2,349 for the three and nine months ended September 30, 2023 respectively. Amortization expense for intangible assets was $ 716 and $ 2,143 for the three and nine months ended September 30, 2022 respectively. Estimated amortization expense for the next five years and subsequent is as follows: Amount 2023 $ 532 2024 2,121 2025 2,121 2026 1,397 2027 812 2028 489 And subsequent 3,408 Total intangible assets currently to be amortized 10,880 Intangible assets with indefinite lives not amortized 1,889 Total intangible assets $ 12,769 Changes in goodwill for the nine months ended September 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  ( 162 ) ( 883 ) Balance September 30,  $ 36,674 $ 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 September 30, 2023 .

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities [Abstract]
Accrued Expenses	8. Accrued Expenses September 30, December 31, Accrued payroll and benefits $ 5,766 $ 4,929 Accrued warranty 1,890 1,916 Accrued vacation 1,693 1,635 Accrued income tax and other taxes 1,519 841 Accrued legal settlement 870 1,160 Accrued expenses—other 2,042 1,898 Total accrued expenses $ 13,780 $ 12,379

Accrued Warranty

Accrued Warranty	9 Months Ended
	Sep. 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 nine months ended September 30, 2023 2022 Balance January 1, $ 1,916 $ 1,578 Provision for warranties issued during the year 1,573 1,250 Warranty services provided ( 1,590 ) ( 958 ) Foreign currency translation ( 9 ) ( 40 ) Balance September 30, $ 1,890 $ 1,830

Credit Facilities and Debt

Credit Facilities and Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Credit Facilities and Debt	10. Credit Facilities and Debt Debt is summarized as follows: September 30, 2023 December 31, 2022 U.S. Credit Facilities $ 48,276 $ 41,521 U.S. Term Loan 13,371 14,721 Italy Group Short-Term Working Capital Borrowings 16,287 19,365 Italy Group Term Loan 9,774 9,675 Other 119 1,223 Total debt 87,827 86,505 Less: Debt issuance costs ( 71 ) ( 99 ) Debt, net of issuance costs $ 87,756 $ 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, the 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 September 30, 2023 and December 31, 2022 , the Company had $ 48,276 and $ 41,521 in borrowings under the revolving credit facilities and $ 13,371 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 September 30, 2023. PM Group Short-Term Working Capital Borrowings At September 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 September 30, 2023 and December 31, 2022 respectively, the PM Group can borrow up to $ 23,636 and $ 24,127 for advances against invoices, letter of credit and bank overdrafts. As of September 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 4.9 % to 5.1 %. At September 30, 2023 and December 31, 2022 , the banks had advanced PM Group $ 16,306 and $ 19,130 , respectively. Valla Short-Term Working Capital Borrowings At September 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 $ 593 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 September 30, 2023 and December 31, 2022 , the Italian banks had advanced Valla $ 79 and $ 235 , respectively. PM Group Term Loans At September 30, 2023 and December 31, 2022 respectively, the PM Group has a $ 5,002 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 $ 3,180 due in 2026 . At September 30, 2023 and December 31, 2022 respectively, the PM Group has unsecured borrowings totaling $ 4,588 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 September 30, 2023 and December 31, 2022 the PM Group has a loan in Romania in the amount of $ 125 and $ 175 with a fixed interest of 2.75 % rate maturing in 2027 .

Leases

Leases	9 Months Ended
	Sep. 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 September 30, 2023 December 31, 2022 Assets Operating lease assets Operating lease assets $ 7,498 $ 5,667 Financing lease assets Fixed assets, net 1,710 2,005 Total leased assets $ 9,208 $ 7,672 Liabilities Current Operating Current liabilities $ 1,998 $ 1,758 Financing Current liabilities 579 509 Non-current Operating Non-current liabilities 5,500 3,909 Financing Non-current liabilities 2,940 3,382 Total lease liabilities $ 11,017 $ 9,558 Three months ended September 30, Nine months ended September 30, Lease Cost Classification 2023 2022 2023 2022 Operating lease costs Operating lease assets $ 597 $ 459 $ 1,703 $ 969 Finance lease cost Amortization of Amortization 91 100 273 287 Interest on lease liabilities Interest expense 112 126 347 385 Lease cost $ 800 $ 685 $ 2,323 $ 1,641 Three months ended September 30, For the nine months ended Other Information 2023 2022 2023 2022 Cash paid for amounts included in the Operating cash flows from operating $ 597 $ 459 $ 1,703 $ 969 Operating cash flows from finance 112 126 347 385 Financing cash flows from finance 127 113 371 313 Future principal minimum lease payments for the next five years and subsequent are: Operating Leases Finance Leases 2023 $ 586 $ 241 2024 2,031 972 2025 1,709 1,012 2026 1,638 1,018 2027 890 1,049 2028 528 356 And subsequent 1,532 - Total undiscounted lease payments 8,914 4,648 Less interest ( 1,416 ) ( 1,129 ) Total liabilities $ 7,498 $ 3,519 Less current maturities ( 1,998 ) ( 579 ) Non-current lease liabilities $ 5,500 $ 2,940 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 September 30, 2023, the Company recorded an income tax provision of $ 0.7 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 September 30, 2023 primarily consists of U.S. federal income taxes for Rabern which is a separate taxpayer for U.S. federal tax purposes, foreign income taxes, and a discrete tax income tax benefit related to the expiration of the statute of limitations for a foreign jurisdiction offset by an accrual of interest related to unrecognized tax benefits. For the three months ended September 30, 2022, 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 September 30, 2022 primarily consists of U.S. federal income taxes for Rabern which is a separate taxpayer for U.S. federal tax purposes, foreign income taxes, 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 statute of limitations for a foreign jurisdiction. The effective tax rate for the three months ended September 30, 2023 was an income tax provision of 28.1 % on pretax income of $ 2.6 million compared to an income tax provision of 7.2 % on a pretax loss of $ 2.9 million in the comparable prior period. The effective tax rate for the three months ended September 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 statute of limitations for a foreign jurisdiction, offset by an accrual of interest related to unrecognized tax benefits. For the nine months ended September 30, 2023, the Company recorded an income tax provision of $ 1.0 million, which includes a discrete income tax benefit less than of $ 0.1 million. The calculation of the overall income tax provision for the nine months ended September 30, 2023 primarily consists of U.S. federal income taxes for Rabern which is a separate taxpayer for U.S. federal tax purposes, foreign income taxes, and a discrete income tax benefit related to the expiration of the statutes of limitations for various states and a foreign jurisdiction offset by an accrual of interest related to unrecognized tax benefits. For the nine months ended September 30, 2022, the Company recorded an income tax provision of $ 0.6 million, which includes a discrete income tax benefit of $ 0.2 million. The calculation of the overall income tax provision for the nine months ended September 30, 2022 primarily consists of U.S. federal income taxes for Rabern which is a separate taxpayer for U.S. federal tax purposes, 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 states and a foreign jurisdiction. The effective tax rate for the nine months ended September 30, 2023 was an income tax provision of 28.05 % on a pretax income of $ 3.4 million compared to an income tax provision of 13.0 % on a pretax loss of $ 4.4 million in the comparable prior period. The effective tax rate for the nine months ended September 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, a reduction in the uncertain tax position liability related to the expiration of the statutes of limitations for various states and a foreign jurisdiction, offset by an accrual of interest related to unrecognized tax benefits.

Net Earnings (Loss) per Common

Net Earnings (Loss) per Common Share	9 Months Ended
	Sep. 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 Nine Months Ended 2023 2022 2023 2022 Net income (loss) $ 1,894 $ ( 3,084 ) $ 2,400 $ ( 4,957 ) Net income attributable to noncontrolling interest 194 288 243 442 Net income (loss) attributable to shareholders of $ 1,700 $ ( 3,372 ) $ 2,157 $ ( 5,399 ) Income (loss) per share Basic Net income (loss) $ 0.09 $ ( 0.15 ) $ 0.12 $ ( 0.25 ) Net income (loss) attributable to shareholders of $ 0.08 $ ( 0.17 ) $ 0.11 $ ( 0.27 ) Diluted Net income (loss) $ 0.09 $ ( 0.15 ) $ 0.12 $ ( 0.25 ) Net income (loss) attributable to shareholders of $ 0.08 $ ( 0.17 ) $ 0.11 $ ( 0.27 ) Weighted average common shares outstanding Basic 20,252,114 20,094,475 20,193,696 20,039,981 Diluted Basic 20,252,114 20,094,475 20,193,696 20,039,981 Dilutive effect of restricted stock units and stock options 2,716 — 2,559 — Dilutive 20,254,830 20,094,475 20,196,255 20,039,981 The following securities were not included in the computation of diluted earnings per share as their effect would have been antidilutive: September 30, 2023 2022 Unvested restricted stock units 262,989 296,725 Options to purchase common stock 213,437 197,437 476,426 494,162

Equity

Equity	9 Months Ended
	Sep. 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 nine months ended September 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 Employees 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 July 1, 2023 Employees 10,085 64,443 156,307 1,063,437 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 September 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 July 1, 2023 1,727 $ 5.43 11,207 Restricted Stock Awards The following table contains information regarding restricted stock units during the current year through September 30, 2023: September 30, Outstanding on January 1, 2023 288,904 Units granted during the period 141,800 Vested and issued ( 145,100 ) Vested-issued and repurchased for income tax withholding ( 11,207 ) Forfeited ( 8,450 ) Outstanding on September 30, 2023 265,947 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 $ 215 and $ 856 for the three and nine months ended September 30, 2023 and $ 298 and $ 1,026 for the three and nine months ended September 30, 2022 . Additional compensation expense related to restricted stock units will be $ 222 , $ 716 and $ 295 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 $ 208 and $ 820 for the three and nine months ended September 30, 2023 and $ 386 and $ 566 for both the three and nine months ended September 30, 2022. Additional compensation expense related to Mr. Coffey’s restricted stock units will be $ 208 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. 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 Compensation expense related to the Company’s stock options was $ 34 and $ 136 and $ 66 and $ 118 for the three and nine months ended September 30, 2023 and 2022. Additional compensation expense related to Mr. Coffey’s options will be $ 33 $ 82 and $ 28 for the remainder of 2023, 2024 and 2025, respectively.

Legal Proceedings and Other Con

Legal Proceedings and Other Contingencies	9 Months Ended
	Sep. 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 September 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	9 Months Ended
	Sep. 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 Steven 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 Steven Berner directly and do not represent a direct or an indirect obligation for Rabern. As of September 30, 2023 and December 31, 2022, the Company had accounts receivable and payable with related parties as shown below: September 30, 2023 December 31, 2022 Accounts Receivable Tadano (2) $ 3 $ — Accounts Payable Terex (1) $ 16 $ 60 Net Related Party Accounts $ ( 13 ) $ ( 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 Nine Months Ended September 30, 2023 2022 2023 2022 Rent paid: Rabern Facility (4) $ 242 $ 160 $ 675 $ 302 Sales to: Terex (1) $ 10 $ 75 $ 137 $ 165 Tadano (2) 11 10 73 34 RAM P&E (3) — — — 27 Steven Berner (5) — — — 80 Total Sales $ 21 $ 85 $ 210 $ 306 Purchases from: Terex (1) $ 32 $ 64 $ 67 $ 203 Tadano (2) — — 7 137 Total Purchases $ 32 $ 64 $ 74 $ 340 (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	9 Months Ended
	Sep. 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.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 18. 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 Nine Months Ended 2023 2022 2023 2022 Net revenues Lifting Equipment $ 63,738 $ 57,433 $ 191,114 $ 181,190 Rental Equipment 7,593 7,604 21,622 13,844 Total revenue $ 71,331 $ 65,037 $ 212,736 $ 195,034 Operating income (loss) Lifting Equipment $ 4,300 $ ( 394 ) $ 9,319 $ ( 1,925 ) Rental Equipment 879 1,602 1,757 2,113 Total operating income $ 5,179 $ 1,208 $ 11,076 $ 188 Depreciation and amortization Lifting Equipment $ 1,261 $ 1,042 $ 3,435 $ 3,288 Rental Equipment 1,475 1,573 5,223 3,243 Total depreciation and amortization $ 2,736 $ 2,615 $ 8,658 $ 6,531 Capital expenditures Lifting Equipment $ 656 $ 189 $ 1,668 $ 1,039 Rental Equipment 475 3,663 2,969 12,623 Total capital expenditures $ 1,131 $ 3,852 $ 4,637 $ 13,662

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 Condensed Consolidated 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 Condensed Consolidated Financial Statements
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the Condensed Consolidated Statements 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 Condensed Consolidated Balance Sheets based on when the cash will be contractually released. Total restricted cash was $ 203 and $ 217 at September 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 $ 1,916 and $ 1,948 at September 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 nine months ended September 30, 2023 was $ 1,943 and $ 6,309 , respectively. Depreciation expense for the three and nine months ended September 30, 2022 was $ 1,899 and $ 4,388 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 September 30, 2023 and December 31, 2022 , accrued warranties were $ 1,890 and $ 1,916 respectively.
Advertising	Advertising Advertising costs are expensed as incurred and were $ 271 and $ 890 for the three and nine months ended September 30, 2023 , respectively. Advertising costs were $ 133 and $ 591 for the three and nine months ended September 30, 2022 , respectively.
Noncontrolling Interest	Noncontrolling Interest A noncontrolling interest is the equity interest of consolidated entities that are not owned by the Company. Noncontrolling interest is adjusted for the noncontrolling partners' share of earnings (losses) in accordance with the applicable agreement. Earning s (losses) 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)	9 Months Ended
	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Transactions	Transactions for the periods ended September 30, 2023 and 2022 are as follows: Nine months ended September 30, 2023 2022 Interest received in cash $ 140 $ 3 Interest paid in cash 5,667 2,308 Income tax (refunds) payments in cash ( 1 ) 536 Recognition of right-of-use asset and right-of-use liability 3,547 2,699 Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets: Cash and cash equivalents $ 4,673 $ 11,677 Restricted cash 203 188 Cash, cash equivalents and restricted cash at the end of year $ 4,876 $ 11,865

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2023 and 2022: Three Months Ended Nine Months Ended September 30, 2023 2022 2023 2022 Boom trucks, knuckle boom & truck cranes $ 41,224 $ 32,394 $ 126,595 $ 108,361 Aerial platforms 8,203 6,985 25,301 24,758 Part sales 7,083 6,653 19,942 20,534 Rentals 6,739 6,629 18,810 11,865 Services 893 1,088 2,824 3,270 Merchandise sales and other 883 1,058 2,921 2,245 Other equipment 6,306 10,230 16,343 24,001 Total Revenue $ 71,331 $ 65,037 $ 212,736 $ 195,034 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 nine months ended September 30, 2023 and 2022: Three Months Ended Nine Months Ended 2023 2022 2023 2022 United States $ 33,771 $ 35,887 $ 98,866 $ 103,818 Italy 10,032 7,983 38,040 22,649 Canada 6,120 6,129 19,055 15,872 Chile 5,988 3,057 11,843 8,601 France 1,608 1,617 6,982 8,003 United Kingdom 2,836 1,288 6,089 7,680 Argentina 2,505 2,460 4,828 5,624 Other 8,471 6,616 27,033 22,787 Total Revenue $ 71,331 $ 65,037 $ 212,736 $ 195,034
Summary of Changes in Customer Deposits	The following table summarizes changes in customer deposits for the nine months ended September 30 as follows: September 30, September 30, Customer deposits January 1, $ 3,407 $ 7,121 Additional customer deposits received where revenue has not yet been recognized 6,325 9,438 Revenue recognized from customer deposits ( 7,428 ) ( 12,472 ) Effect of change in exchange rates ( 84 ) ( 336 ) Total customer deposits $ 2,220 $ 3,751

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 Level 1 Level 2 Level 3 Total Liabilities: Forward currency exchange contracts $ — $ 141 $ — $ 141 Total recurring liabilities at fair value $ — $ 141 $ — $ 141 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)	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022: Fair Value Balance Sheet Location September 30, December 31, Asset Derivatives Foreign currency exchange contract Prepaid expense and other current assets $ — $ 124 Liabilities Derivatives Foreign currency exchange contract Accrued expenses $ 141 $ —
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 nine months ended September 30, 2023 and 2022: Gain (loss) Gain (loss) Location of gain or Three Months Ended Nine Months Ended September 30, 2023 2022 2023 2022 Derivatives Not Designated For ward currency contract Foreign currency $ ( 104 ) $ ( 107 ) $ ( 266 ) $ ( 267 ) $ ( 104 ) $ ( 107 ) $ ( 266 ) $ ( 267 )

Inventory, Net (Tables)

Inventory, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Components of Inventory	The components of inventory are as follows: September 30, December 31, Raw materials and purchased parts, net $ 60,031 $ 47,168 Work in process 7,697 6,015 Finished goods, net 17,458 16,618 Inventory, net $ 85,186 $ 69,801

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 is as follows: Weighted Average Gross Net Amortization Carrying Accumulated Carrying Period (in years) Amount Amortization Amount Patented and unpatented technology 2 $ 17,205 $ ( 15,285 ) $ 1,920 Customer relationships 8 21,894 ( 15,583 ) 6,311 Trade names and trademarks 15 5,469 ( 2,970 ) 2,499 Software 4 612 ( 462 ) 150 Indefinite lived trade names 1,889 — 1,889 Total intangible assets, net $ 12,769 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 $ 532 2024 2,121 2025 2,121 2026 1,397 2027 812 2028 489 And subsequent 3,408 Total intangible assets currently to be amortized 10,880 Intangible assets with indefinite lives not amortized 1,889 Total intangible assets $ 12,769
Changes in Goodwill	Changes in goodwill for the nine months ended September 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  ( 162 ) ( 883 ) Balance September 30,  $ 36,674 $ 36,916

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities [Abstract]
Schedule of Accrued Expenses	September 30, December 31, Accrued payroll and benefits $ 5,766 $ 4,929 Accrued warranty 1,890 1,916 Accrued vacation 1,693 1,635 Accrued income tax and other taxes 1,519 841 Accrued legal settlement 870 1,160 Accrued expenses—other 2,042 1,898 Total accrued expenses $ 13,780 $ 12,379

Accrued Warranty (Tables)

Accrued Warranty (Tables)	9 Months Ended
	Sep. 30, 2023
Guarantees [Abstract]
Summary of Changes in Product Warranty Liability	The following table summarizes the changes in product warranty liability: For the nine months ended September 30, 2023 2022 Balance January 1, $ 1,916 $ 1,578 Provision for warranties issued during the year 1,573 1,250 Warranty services provided ( 1,590 ) ( 958 ) Foreign currency translation ( 9 ) ( 40 ) Balance September 30, $ 1,890 $ 1,830

Credit Facilities and Debt (Tab

Credit Facilities and Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Debt	Debt is summarized as follows: September 30, 2023 December 31, 2022 U.S. Credit Facilities $ 48,276 $ 41,521 U.S. Term Loan 13,371 14,721 Italy Group Short-Term Working Capital Borrowings 16,287 19,365 Italy Group Term Loan 9,774 9,675 Other 119 1,223 Total debt 87,827 86,505 Less: Debt issuance costs ( 71 ) ( 99 ) Debt, net of issuance costs $ 87,756 $ 86,406

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of Leases on Consolidated Balance Sheet	Leases Classification September 30, 2023 December 31, 2022 Assets Operating lease assets Operating lease assets $ 7,498 $ 5,667 Financing lease assets Fixed assets, net 1,710 2,005 Total leased assets $ 9,208 $ 7,672 Liabilities Current Operating Current liabilities $ 1,998 $ 1,758 Financing Current liabilities 579 509 Non-current Operating Non-current liabilities 5,500 3,909 Financing Non-current liabilities 2,940 3,382 Total lease liabilities $ 11,017 $ 9,558
Schedule of Lease Cost	Three months ended September 30, Nine months ended September 30, Lease Cost Classification 2023 2022 2023 2022 Operating lease costs Operating lease assets $ 597 $ 459 $ 1,703 $ 969 Finance lease cost Amortization of Amortization 91 100 273 287 Interest on lease liabilities Interest expense 112 126 347 385 Lease cost $ 800 $ 685 $ 2,323 $ 1,641
Summary of Other Information Related to Leases	Three months ended September 30, For the nine months ended Other Information 2023 2022 2023 2022 Cash paid for amounts included in the Operating cash flows from operating $ 597 $ 459 $ 1,703 $ 969 Operating cash flows from finance 112 126 347 385 Financing cash flows from finance 127 113 371 313
Schedule of Future Principal Minimum Lease Payments	Operating Leases Finance Leases 2023 $ 586 $ 241 2024 2,031 972 2025 1,709 1,012 2026 1,638 1,018 2027 890 1,049 2028 528 356 And subsequent 1,532 - Total undiscounted lease payments 8,914 4,648 Less interest ( 1,416 ) ( 1,129 ) Total liabilities $ 7,498 $ 3,519 Less current maturities ( 1,998 ) ( 579 ) Non-current lease liabilities $ 5,500 $ 2,940 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)	9 Months Ended
	Sep. 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 Nine Months Ended 2023 2022 2023 2022 Net income (loss) $ 1,894 $ ( 3,084 ) $ 2,400 $ ( 4,957 ) Net income attributable to noncontrolling interest 194 288 243 442 Net income (loss) attributable to shareholders of $ 1,700 $ ( 3,372 ) $ 2,157 $ ( 5,399 ) Income (loss) per share Basic Net income (loss) $ 0.09 $ ( 0.15 ) $ 0.12 $ ( 0.25 ) Net income (loss) attributable to shareholders of $ 0.08 $ ( 0.17 ) $ 0.11 $ ( 0.27 ) Diluted Net income (loss) $ 0.09 $ ( 0.15 ) $ 0.12 $ ( 0.25 ) Net income (loss) attributable to shareholders of $ 0.08 $ ( 0.17 ) $ 0.11 $ ( 0.27 ) Weighted average common shares outstanding Basic 20,252,114 20,094,475 20,193,696 20,039,981 Diluted Basic 20,252,114 20,094,475 20,193,696 20,039,981 Dilutive effect of restricted stock units and stock options 2,716 — 2,559 — Dilutive 20,254,830 20,094,475 20,196,255 20,039,981
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: September 30, 2023 2022 Unvested restricted stock units 262,989 296,725 Options to purchase common stock 213,437 197,437 476,426 494,162

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Summary of Stock Issuances	The following is a summary of stock issuances that occurred during the nine months ended September 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 Employees 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 July 1, 2023 Employees 10,085 64,443 156,307 1,063,437
Summary of Common Stock Repurchases	The below table summarizes shares repurchased from employees during the current year through September 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 July 1, 2023 1,727 $ 5.43 11,207
Restricted Stock Units Outstanding	The following table contains information regarding restricted stock units during the current year through September 30, 2023: September 30, Outstanding on January 1, 2023 288,904 Units granted during the period 141,800 Vested and issued ( 145,100 ) Vested-issued and repurchased for income tax withholding ( 11,207 ) Forfeited ( 8,450 ) Outstanding on September 30, 2023 265,947
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 Compensation expense related to the Company’s stock options was $ 34 and $ 136 and $ 66 and $ 118 for the three and nine months ended September 30, 2023 and 2022. Additional compensation expense related to Mr. Coffey’s options will be $ 33 $ 82 and $ 28 for the remainder of 2023, 2024 and 2025, respectively.

Transactions between the Comp_2

Transactions between the Company and Related Parties (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of Accounts Receivable and Accounts Payable with Related Parties	As of September 30, 2023 and December 31, 2022, the Company had accounts receivable and payable with related parties as shown below: September 30, 2023 December 31, 2022 Accounts Receivable Tadano (2) $ 3 $ — Accounts Payable Terex (1) $ 16 $ 60 Net Related Party Accounts $ ( 13 ) $ ( 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 Nine Months Ended September 30, 2023 2022 2023 2022 Rent paid: Rabern Facility (4) $ 242 $ 160 $ 675 $ 302 Sales to: Terex (1) $ 10 $ 75 $ 137 $ 165 Tadano (2) 11 10 73 34 RAM P&E (3) — — — 27 Steven Berner (5) — — — 80 Total Sales $ 21 $ 85 $ 210 $ 306 Purchases from: Terex (1) $ 32 $ 64 $ 67 $ 203 Tadano (2) — — 7 137 Total Purchases $ 32 $ 64 $ 74 $ 340 (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.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended 2023 2022 2023 2022 Net revenues Lifting Equipment $ 63,738 $ 57,433 $ 191,114 $ 181,190 Rental Equipment 7,593 7,604 21,622 13,844 Total revenue $ 71,331 $ 65,037 $ 212,736 $ 195,034 Operating income (loss) Lifting Equipment $ 4,300 $ ( 394 ) $ 9,319 $ ( 1,925 ) Rental Equipment 879 1,602 1,757 2,113 Total operating income $ 5,179 $ 1,208 $ 11,076 $ 188 Depreciation and amortization Lifting Equipment $ 1,261 $ 1,042 $ 3,435 $ 3,288 Rental Equipment 1,475 1,573 5,223 3,243 Total depreciation and amortization $ 2,736 $ 2,615 $ 8,658 $ 6,531 Capital expenditures Lifting Equipment $ 656 $ 189 $ 1,668 $ 1,039 Rental Equipment 475 3,663 2,969 12,623 Total capital expenditures $ 1,131 $ 3,852 $ 4,637 $ 13,662

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation - Additional Information (Detail) $ in Millions		9 Months Ended
	Apr. 11, 2022 USD ($)	Sep. 30, 2023 Segment Branch Model
Partnership Organization And Basis Of Presentation [Line Items]
Number of reportable segments		2
Number of operating segment		5
Number of reporting units		5
Rabern Rentals, LLC [Member]
Partnership Organization And Basis Of Presentation [Line Items]
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
Cash plus assumed debt | $	$ 14
Rabern Rentals, LLC [Member] | Steven Berner [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Percentage of membership interest acquired	100%
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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Interest received in cash	$ 140	$ 3
Interest paid in cash	5,667	2,308
Income tax (refunds) payments in cash	(1)	536
Recognition of right-of-use asset and right-of-use liability	3,547	2,699
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets:
Cash and cash equivalents	4,673	11,677
Restricted cash	203	188	$ 217
Cash, cash equivalents and restricted cash at the end of year	$ 4,876	$ 11,865	$ 8,190	$ 21,581

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounting Policies [Line Items]
Statutory limit of highly liquid investments	$ 250		$ 250
Cash - restricted	203	$ 188	203	$ 188	$ 217
Allowance for bad debt	1,916		1,916		1,948
Depreciation Expense	1,943	1,899	6,309	4,388
Accrued warranties			1,890		$ 1,916
Advertising costs	$ 271	$ 133	$ 890	$ 591

Revenue Recognition - Summary o

Revenue Recognition - Summary of Disaggregates of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 71,331	$ 65,037	$ 212,736	$ 195,034
Boom Trucks, Knuckle Boom & Truck Cranes [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	41,224	32,394	126,595	108,361
Aerial Platforms [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	8,203	6,985	25,301	24,758
Other Equipment [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	6,306	10,230	16,343	24,001
Part Sales [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	7,083	6,653	19,942	20,534
Rentals [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	6,739	6,629	18,810	11,865
Services [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	893	1,088	2,824	3,270
Merchandise Sales and Other [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 883	$ 1,058	$ 2,921	$ 2,245

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 71,331	$ 65,037	$ 212,736	$ 195,034
United States [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	33,771	35,887	98,866	103,818
Italy [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	10,032	7,983	38,040	22,649
Canada [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	6,120	6,129	19,055	15,872
Chile [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	5,988	3,057	11,843	8,601
France [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	1,608	1,617	6,982	8,003
United Kingdom [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	2,836	1,288	6,089	7,680
Argentina [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	2,505	2,460	4,828	5,624
Other [Member]
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 8,471	$ 6,616	$ 27,033	$ 22,787

Revenue Recognition - Summary_3

Revenue Recognition - Summary of Changes in Customer Deposits (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 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	6,325	9,438
Revenue recognized from customer deposits	(7,428)	(12,472)
Effect of change in exchange rates	(84)	(336)
Total customer deposits	$ 2,220	$ 3,751

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	Sep. 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	$ 141
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	141
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	141
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	$ 141

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Detail) - ForwardContract	Sep. 30, 2023	Sep. 30, 2022
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	0	0

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	Sep. 30, 2023	Dec. 31, 2022
Derivatives Fair Value [Line Items]
Asset Derivatives		$ 124
Liabilities Derivatives	$ 141

Derivative Financial Instrume_5

Derivative Financial Instruments - Effect of Derivative Instruments on Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivatives Fair Value [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss), Foreign Currency Transaction, before Tax	Gain (Loss), Foreign Currency Transaction, before Tax	Gain (Loss), Foreign Currency Transaction, before Tax	Gain (Loss), Foreign Currency Transaction, before Tax
Forward Currency Contracts [Member] | Derivatives Not Designated as Hedge Instrument [Member]
Derivatives Fair Value [Line Items]
Gain (loss) recognized in statements of operations	$ (104)	$ (107)	$ (266)	$ (267)
Forward Currency Contracts [Member] | Forward Currency Contract [Member] | Derivatives Not Designated as Hedge Instrument [Member]
Derivatives Fair Value [Line Items]
Gain (loss) recognized in statements of operations	$ (104)	$ (107)	$ (266)	$ (267)

Inventory, Net - Components of

Inventory, Net - Components of Inventory (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and purchased parts, net	$ 60,031	$ 47,168
Work in process	7,697	6,015
Finished goods, net	17,458	16,618
Inventory, net	$ 85,186	$ 69,801

Inventory, Net - Additional Inf

Inventory, Net - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Reserves for obsolete and excess inventory	$ 7,722	$ 7,791

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets and Accumulated Amortization by Category (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite And Infinite Lived Intangible Assets [Line Items]
Total intangible assets, net	$ 12,769	$ 14,367
Indefinite lived trade names	1,889	1,950
Patented and Unpatented Technology [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,205	16,469
Accumulated Amortization	(15,285)	(14,553)
Total intangible assets, net	$ 1,920	$ 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	$ 21,894	$ 22,000
Accumulated Amortization	(15,583)	(14,344)
Total intangible assets, net	$ 6,311	$ 7,656
Weighted Average Amortization Period (in years)	8 years	9 years
Software [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 612	$ 236
Accumulated Amortization	(462)	(56)
Total intangible assets, net	$ 150	$ 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	$ (2,970)	$ (2,804)
Total intangible assets, net	$ 2,499	$ 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	$ 1,889	$ 1,950

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Finite And Infinite Lived Intangible Assets [Line Items]
Amortization expense	$ 793	$ 716	$ 2,349	$ 2,143
Customer Relationships [Member]
Finite And Infinite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	8 years		8 years		9 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 532
2024	2,121
2025	2,121
2026	1,397
2027	812
2028	489
And subsequent	3,408
Total intangible assets currently to be amortized	10,880
Intangible assets with indefinite lives not amortized	1,889
Total intangible assets, net	$ 12,769	$ 14,367

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 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	(162)	(883)
Ending Balance	$ 36,674	$ 36,916

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Accrued payroll and benefits	$ 5,766	$ 4,929
Accrued warranty	1,890	1,916
Accrued vacation	1,693	1,635
Accrued income tax and other taxes	1,519	841
Accrued legal settlement	870	1,160
Accrued expenses—other	2,042	1,898
Total accrued expenses	$ 13,780	$ 12,379

Accrued Warranty - Summary of C

Accrued Warranty - Summary of Changes in Product Warranty Liability (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Product Warranties Disclosures [Abstract]
Beginning Balance	$ 1,916	$ 1,578
Provision for warranties issued during the year	1,573	1,250
Warranty services provided	(1,590)	(958)
Foreign currency translation	(9)	(40)
Ending Balance	$ 1,890	$ 1,830

Credit Facilities and Debt - Su

Credit Facilities and Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt	$ 87,827	$ 86,505
Less: Debt issuance costs	(71)	(99)
Debt, net of issuance costs	87,756	86,406
U.S. Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	48,276	41,521
Italy Group Short-Term Working Capital Borrowings [Member]
Debt Instrument [Line Items]
Total debt	16,287	19,365
U.S. Term Loan [Member]
Debt Instrument [Line Items]
Total debt	13,371	14,721
Italy Group Term Loan [Member]
Debt Instrument [Line Items]
Total debt	9,774	9,675
Other [Member]
Debt Instrument [Line Items]
Total debt	$ 119	$ 1,223

Credit Facilities and Debt - Ad

Credit Facilities and Debt - Additional Information - U.S. Credit Facilities and Term Loan (Detail) - USD ($) $ in Thousands			9 Months Ended
	Jan. 25, 2023	Apr. 11, 2022	Sep. 30, 2023	Dec. 31, 2022
Line Of Credit Facility [Line Items]
Debt issuance cost			$ 71	$ 99
Book value of debt			87,756	86,406
Bank Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility			$ 13,371	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			$ 48,276	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) Bank	Dec. 31, 2022 USD ($) Bank
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | $	$ 23,636	$ 24,127
Short-term debt | $	$ 16,306	$ 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	4.90%
Romania [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Working capital borrowing interest rate	5.10%
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]	Sep. 30, 2023 USD ($) Bank	Dec. 31, 2022 USD ($) Bank
Credit Facilities [Line Items]
Line of credit facility, maximum borrowing capacity	$ 593,000	$ 599,000
Revolving credit facility	$ 79,000	$ 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	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Unsecured Debt [Member]
Line Of Credit Facility [Line Items]
Bank loans	$ 4,588	$ 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	5,002	$ 5,038
Bank Term Loan Facility [Member] | Romania [Member]
Line Of Credit Facility [Line Items]
Bank loans	$ 125	$ 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	$ 3,180
Debt instrument ending date for principal payments	2026

Leases - Additional Information

Leases - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2023
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 operating leases	5.20%
Weighted average discount rate for finance leases	12.40%

Leases - Schedule of Leases on

Leases - Schedule of Leases on Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Operating lease assets	$ 7,498	$ 5,667
Financing lease assets	$ 1,710	$ 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	$ 9,208	$ 7,672
Current
Operating	1,998	1,758
Financing	579	509
Non-current
Operating	5,500	3,909
Financing	2,940	3,382
Total lease liabilities	$ 11,017	$ 9,558

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lease Cost
Operating lease costs	$ 597	$ 459	$ 1,703	$ 969
Finance lease cost
Amortization of leased assets	91	100	273	287
Interest on lease liabilities	112	126	347	385
Lease cost	$ 800	$ 685	$ 2,323	$ 1,641

Leases - Summary of Other Infor

Leases - Summary of Other Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 597	$ 459	$ 1,703	$ 969
Operating cash flows from finance leases	112	126	347	385
Financing cash flows from finance leases	$ 127	$ 113	$ 371	$ 313

Leases - Schedule of Future Pri

Leases - Schedule of Future Principal Minimum Lease Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Operating Leases
2023	$ 586
2024	2,031
2025	1,709
2026	1,638
2027	890
2028	528
And subsequent	1,532
Total undiscounted lease payments	8,914
Less interest	(1,416)
Total liabilities	7,498
Less current maturities	(1,998)	$ (1,758)
Operating	5,500	3,909
Capital Leases
2023	241
2024	972
2025	1,012
2026	1,018
2027	1,049
2028	356
Total undiscounted lease payments	4,648
Less interest	(1,129)
Total liabilities	3,519
Less current maturities	(579)	(509)
Financing	$ 2,940	$ 3,382

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Taxes Disclosure [Line Items]
Income tax (benefit) provision	$ 742	$ 206	$ 962	$ 570
Discrete income tax expense (benefit)		$ (100)		$ (200)
Annual effective tax rate	28.10%	7.20%	28.05%	13%
Pretax income (loss)	$ 2,636	$ (2,878)	$ 3,362	$ (4,387)
Annual statutory tax rates	21%		21%
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						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net income (loss)	$ 1,894	$ 532	$ (26)	$ (3,084)	$ (2,103)	$ 230	$ 2,400	$ (4,957)
Net income attributable to noncontrolling interest	194			288			243	442
Net income attributable to shareholders of Manitex International, Inc.	$ 1,700			$ (3,372)			$ 2,157	$ (5,399)
Basic
Net income (loss)	$ 0.09			$ (0.15)			$ 0.12	$ (0.25)
Net income (loss) attributable to shareholders of Manitex International, Inc.	0.08			(0.17)			0.11	(0.27)
Diluted
Net income (loss)	0.09			(0.15)			0.12	(0.25)
Net income (loss) attributable to shareholders of Manitex International, Inc.	$ 0.08			$ (0.17)			$ 0.11	$ (0.27)
Weighted average common shares outstanding
Basic	20,252,114			20,094,475			20,193,696	20,039,981
Diluted
Basic	20,252,114			20,094,475			20,193,696	20,039,981
Dilutive effect of restricted stock units and stock options	2,716						2,559
Dilutive	20,254,830			20,094,475			20,196,255	20,039,981

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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	476,426	494,162
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	262,989	296,725
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	9 Months Ended
	Sep. 30, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	156,307
Value of Shares Issued | $	$ 1,063,437
July 1, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of Shares Issued | $	$ 64,443
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] | 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
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
Employee [Member] | July 1, 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued | shares	10,085
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] | 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)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Schedule Of Share Repurchase Programs [Line Items]
Shares Purchased	11,207
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
July 1, 2023 [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares Purchased	1,727
Closing Price on Date of Purchase | $ / shares	$ 5.43

Equity - Restricted Stock Units

Equity - Restricted Stock Units Outstanding (Detail)	9 Months Ended
	Sep. 30, 2023 shares
Equity [Abstract]
Outstanding on January 1, 2023	288,904
Units granted during the period	141,800
Vested and issued	(145,100)
Vested-issued and repurchased for income tax withholding	(11,207)
Forfeited	(8,450)
Outstanding on September 30, 2023	265,947

Equity - Additional Information

Equity - Additional Information - Restricted Stock Award (Detail) - Restricted Stock Units [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related to restricted stock units	$ 215	$ 298	$ 856	$ 1,026
Compensation expense related to restricted stock awards and stock options for remainder of 2023	222		222
Compensation expense related to restricted stock awards and stock options granted for year 2024	716		716
Compensation expense related to restricted stock awards and stock options granted for year 2025	$ 295		$ 295

Equity - Additional Informati_2

Equity - Additional Information - Restricted Stock Award with Market Conditions (Detail) $ in Thousands		3 Months Ended		9 Months Ended
	May 03, 2022 USD ($) Simulation shares	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) shares	Sep. 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		$ 208	$ 386	$ 820	$ 566
Compensation expense related to restricted stock awards and stock options for remainder of 2023		208		208
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		9 Months Ended
	May 03, 2022	Sep. 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		9 Months Ended
	May 01, 2023	May 03, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 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			$ 34	$ 66	$ 136	$ 118
Compensation expense related to restricted stock awards and stock options for remainder of 2023			33		33
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 01, 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)		9 Months Ended
	May 05, 2011 Agreement Plaintiff	Sep. 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		369,000
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	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Net Related Party Accounts Receivable/(Payable), net	$ (13)	$ (60)
Terex Corporation [Member]
Related Party Transaction [Line Items]
Accounts Payable	16	$ 60
Tadano [Member]
Related Party Transaction [Line Items]
Accounts Receivable, after Allowance for Credit Loss	$ 3

Transactions between the Comp_4

Transactions between the Company and Related Parties - Related Party Transactions (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Total Sales		$ 21	$ 85	$ 210	$ 306
Total Purchases		32	64	74	340
Rabern Rentals, LLC [Member]
Related Party Transaction [Line Items]
Total Sales	[1]	242	160	675	302
Terex Corporation [Member]
Related Party Transaction [Line Items]
Total Sales	[2]	10	75	137	165
Total Purchases	[2]	32	64	67	203
Tadano [Member]
Related Party Transaction [Line Items]
Total Sales	[3]	$ 11	$ 10	73	34
Total Purchases	[3]			$ 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
[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

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 71,331	$ 65,037	$ 212,736	$ 195,034
Operating income (loss)	5,179	1,208	11,076	188
Depreciation and amortization	2,736	2,615	8,658	6,531
Capital expenditures	1,131	3,852	4,637	13,662
Operating Segments [Member] | Lifting Equipment [Member]
Segment Reporting Information [Line Items]
Net revenues	63,738	57,433	191,114	181,190
Operating income (loss)	4,300	(394)	9,319	(1,925)
Depreciation and amortization	1,261	1,042	3,435	3,288
Capital expenditures	656	189	1,668	1,039
Operating Segments [Member] | Rental Equipment [Member]
Segment Reporting Information [Line Items]
Net revenues	7,593	7,604	21,622	13,844
Operating income (loss)	879	1,602	1,757	2,113
Depreciation and amortization	1,475	1,573	5,223	3,243
Capital expenditures	$ 475	$ 3,663	$ 2,969	$ 12,623