Myers Industries (MYE) 10-Q 7 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 03, 2024
Cover [Abstract]
Entity Registrant Name	Myers Industries, Inc.
Entity Central Index Key	0000069488
Trading Symbol	MYE
Document Type	10-Q
Document Period End Date	Mar. 31, 2024
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		37,182,954
Entity File Number	001-08524
Entity Tax Identification Number	34-0778636
Entity Address, Address Line One	1293 South Main Street
Entity Address, City or Town	Akron
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44301
City Area Code	330
Local Phone Number	253-5592
Entity Incorporation, State or Country Code	OH
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, without par value
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 207,102	$ 215,739
Cost of sales	142,833	144,674
Gross profit	64,269	71,065
Selling, general and administrative expenses	53,457	52,081
(Gain) loss on disposal of fixed assets	(67)	27
Operating income	10,879	18,957
Interest expense, net	6,079	1,646
Income before income taxes	4,800	17,311
Income tax expense	1,297	4,335
Net income	$ 3,503	$ 12,976
Net income per common share:
Basic	$ 0.09	$ 0.35
Diluted	$ 0.09	$ 0.35

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 3,503	$ 12,976
Other comprehensive income (loss):
Foreign currency translation adjustment	(831)	42
Total other comprehensive income	(831)	42
Comprehensive income	$ 2,672	$ 13,018

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash	$ 32,730	$ 30,290
Trade accounts receivable, less allowances of $4,733 and $4,189, respectively	130,431	113,907
Other accounts receivable, net	8,818	14,726
Inventories, net	105,035	90,844
Prepaid expenses and other current assets	6,683	6,854
Total Current Assets	283,697	256,621
Property, plant, and equipment, net	135,155	107,933
Right of use asset - operating leases	34,560	27,989
Goodwill	310,260	95,392
Intangible assets, net	168,803	45,129
Deferred income taxes	209	209
Other	14,452	8,358
Total Assets	947,136	541,631
Current Liabilities
Accounts payable	81,494	79,050
Accrued employee compensation	14,626	17,104
Income taxes payable	5,612	4,253
Accrued taxes payable, other than income taxes	2,411	2,582
Accrued interest	4,883	1,112
Other current liabilities	26,281	28,472
Operating lease liability - short-term	6,708	5,943
Finance lease liability - short-term	604	593
Long-term debt - current portion	19,581	25,998
Total Current Liabilities	162,200	165,107
Long-term debt	381,045	31,989
Operating lease liability - long-term	27,195	22,352
Finance lease liability - long-term	8,461	8,615
Other liabilities	13,476	12,108
Deferred income taxes	63,108	8,660
Total Liabilities	655,485	248,831
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 37,129,321 and 36,848,465; net of treasury shares of 5,423,136 and 5,703,992, respectively)	22,834	22,608
Additional paid-in capital	323,516	322,526
Accumulated other comprehensive loss	(17,646)	(16,815)
Retained deficit	(37,053)	(35,519)
Total Shareholders’ Equity	291,651	292,800
Total Liabilities and Shareholders’ Equity	$ 947,136	$ 541,631

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Financial Position (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Allowance for doubtful accounts receivable, current	$ 4,733	$ 4,189
Shareholders’ Equity
Preferred Shares, shares authorized (in shares)	1,000,000	1,000,000
Preferred Shares, shares issued (in shares)	0	0
Preferred Shares, shares outstanding (in shares)	0	0
Common Shares, shares authorized (in shares)	60,000,000	60,000,000
Common Shares, shares outstanding (in shares)	37,129,321	36,848,465
Common shares, treasury (in shares)	5,423,136	5,703,992

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Deficit [Member]
Beginning balance at Dec. 31, 2022	$ 256,427	$ 22,332	$ 315,865	$ (17,793)	$ (63,977)
Stockholders' Equity [Roll Forward]
Net income	12,976	0	0	0	12,976
Foreign currency translation adjustment	42	0	0	42	0
Shares issued under incentive plans, net of shares withheld for tax	(867)	193	(1,060)	0	0
Stock compensation expense	1,904	0	1,904	0	0
Declared dividends	(5,235)	0	0	0	(5,235)
Ending balance at Mar. 31, 2023	265,247	22,525	316,709	(17,751)	(56,236)
Beginning balance at Dec. 31, 2023	292,800	22,608	322,526	(16,815)	(35,519)
Stockholders' Equity [Roll Forward]
Net income	3,503	0	0	0	3,503
Foreign currency translation adjustment	(831)	0	0	(831)	0
Shares issued under incentive plans, net of shares withheld for tax	534	226	308	0	0
Stock compensation expense	682	0	682	0	0
Declared dividends	(5,037)	0	0	0	(5,037)
Ending balance at Mar. 31, 2024	$ 291,651	$ 22,834	$ 323,516	$ (17,646)	$ (37,053)

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retained Deficit [Member]
Dividends declared per share	$ 0.135	$ 0.135

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows From Operating Activities
Net income	$ 3,503	$ 12,976
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Depreciation and amortization	8,497	5,618
Amortization of deferred financing costs	231	78
Amortization of acquisition-related inventory step-up	3,115	0
Non-cash stock-based compensation expense	682	1,904
(Gain) loss on disposal of fixed assets	(67)	27
Other	(6)	(827)
Cash flows provided by (used for) working capital
Accounts receivable - trade and other, net	7,964	3,181
Inventories	186	(8,778)
Prepaid expenses and other current assets	885	1,220
Accounts payable and accrued expenses	(4,720)	10,387
Net cash provided by (used for) operating activities	20,270	25,786
Cash Flows From Investing Activities
Capital expenditures	(5,707)	(9,091)
Acquisition of business, net of cash acquired	(348,890)	(160)
Proceeds from sale of property, plant and equipment	75	33
Net cash provided by (used for) investing activities	(354,522)	(9,218)
Cash Flows From Financing Activities
Net borrowings (repayments) from revolving credit facility	(11,000)	(5,200)
Proceeds from Term Loan A	400,000	0
Repayments of senior unsecured notes	(38,000)	0
Payments on finance lease	(143)	(129)
Cash dividends paid	(5,345)	(5,274)
Proceeds from issuance of common stock	2,408	1,132
Shares withheld for employee taxes on equity awards	(1,874)	(1,999)
Deferred financing fees	(9,172)	0
Net cash provided by (used for) financing activities	336,874	(11,470)
Foreign exchange rate effect on cash	(182)	4
Net increase (decrease) in cash	2,440	5,102
Cash at January 1	30,290	23,139
Cash at March 31	$ 32,730	$ 28,241

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,503	$ 12,976

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”), and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2023. In the opinion of the Company, the accompanying condensed consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position as of March 31, 2024, and the results of operations and cash flows for the periods presented. The results of operations for the quarter ended March 31, 2024 are not necessarily indicative of the results of operations that will occur for the year ending December 31, 2024. Accounting Standards Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU is intended to enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity's operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. For the Company, this ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments within this ASU should be applied prospectively although retrospective application is also permitted. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . This ASU is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. For the Company, this ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments within this ASU are required to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Fair Value Measurement The Company follows guidance included in ASC 820, Fair Value Measurements and Disclosures , for its financial assets and liabilities, as required. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly. Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions. The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximates carrying value due to the nature and relative short maturity of these assets and liabilities. The fair value of the Company’s revolving credit facility, as defined in Note 11, approximates carrying value due to the floating rates and the relative short maturity (less than 90 days) of any revolving borrowings under this agreement. The carrying value of the Company’s term loan, as defined in Note 11, approximates fair value given that the underlying interest rate applied to such amounts outstanding is currently based upon floating market rates and the Company has the ability to repay the outstanding principal at par value at any time under the terms of this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered Level 2 inputs. At December 31, 2023, the aggregate fair value of the Company's outstanding fixed rate senior unsecured notes was estimated to be $ 37.8 million. The purchase price allocations associated with the February 8, 2024 acquisition of Signature CR Intermediate Holdco, Inc. ("Signature" or "Signature Systems") and the May 31, 2022 acquisition of Mohawk Rubber Sales of New England Inc. ("Mohawk"), as described in Note 3, required fair value measurements using unobservable inputs which are considered Level 3 inputs. The fair value of the acquired intangible assets was determined using an income approach. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) are as follows: Foreign Defined Benefit Total Balance at January 1, 2024 $ ( 15,551 ) $ ( 1,264 ) $ ( 16,815 ) Other comprehensive income (loss) before reclassifications ( 831 ) — ( 831 ) Net current-period other comprehensive income (loss) ( 831 ) — ( 831 ) Balance at March 31, 2024 $ ( 16,382 ) $ ( 1,264 ) $ ( 17,646 ) Foreign Defined Benefit Total Balance at January 1, 2023 $ ( 16,410 ) $ ( 1,383 ) $ ( 17,793 ) Other comprehensive income (loss) before reclassifications 42 — 42 Net current-period other comprehensive income (loss) 42 — 42 Balance at March 31, 2023 $ ( 16,368 ) $ ( 1,383 ) $ ( 17,751 ) Allowance for Credit Losses Management has established certain requirements that customers must meet before credit is extended. The financial condition of customers is continually monitored and collateral is usually not required. The Company evaluates the collectability of accounts receivable based on a combination of factors. The Company reviews historical trends for credit loss as well as current economic conditions in determining an estimate for its allowance for credit losses. Additionally, in circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, a specific allowance for credit losses is recorded against amounts due to reduce the net recognized receivable to the amount the Company reasonably expects will be collected. The changes in the allowance for credit losses for the quarter ended March 31, 2024 and 2023 were as follows: 2024 2023 Balance at January 1 $ 2,989 $ 2,273 Provision for expected credit loss, net of recoveries 922 135 Write-offs and other ( 162 ) ( 195 ) Balance at March 31 $ 3,749 $ 2,213

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2024
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition The Company’s revenue by major market is as follows: For the Quarter Ended March 31, 2024 Material Distribution Inter-company Consolidated Consumer $ 22,301 $ — $ — $ 22,301 Vehicle 29,410 — — 29,410 Food and beverage 27,573 — — 27,573 Industrial 53,614 — ( 17 ) 53,597 Infrastructure 19,327 — — 19,327 Auto aftermarket — 54,894 — 54,894 Total net sales $ 152,225 $ 54,894 $ ( 17 ) $ 207,102 For the Quarter Ended March 31, 2023 Material Distribution Inter-company Consolidated Consumer $ 23,876 $ — $ — $ 23,876 Vehicle 32,008 — — 32,008 Food and beverage 41,156 — — 41,156 Industrial 55,522 — ( 8 ) 55,514 Infrastructure — — — — Auto aftermarket — 63,185 — 63,185 Total net sales $ 152,562 $ 63,185 $ ( 8 ) $ 215,739 Revenue is recognized when obligations under the terms of a contract with customers are satisfied. In both the Distribution and Material Handling segments, this generally occurs with the transfer of control of the products. This transfer of control may occur at either the time of shipment from a Company facility, or at the time of delivery to a designated customer location. Obligations under contracts with customers are typically fulfilled within 90 days of receiving a purchase order from a customer, and generally no other future obligations are required to be performed. The Company generally does not enter into any long-term contracts with customers greater than one year. Based on the nature of the Company’s products and customer contracts, no deferred revenue has been recorded, with the exception of cash advances or deposits received from customers prior to transfer of control of the product. These advances are typically fulfilled within the 90-day time frame mentioned above. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the products. Certain contracts with customers include variable consideration, such as rebates or discounts. The Company recognizes estimates of this variable consideration each period, primarily based on the most likely level of consideration to be paid to the customer under the specific terms of the underlying programs. While the Company’s contracts with customers do not generally include explicit rights to return product, the Company will in practice allow returns in the normal course of business and as part of the customer relationship. Expected returns allowances are recognized each period based on an analysis of historical experience, and when physical recovery of the product from returns occurs, an estimated right to return asset is also recorded based on the approximate cost of the product. Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to revenue recognition include: March 31, December 31, Statement of Financial 2024 2023 Classification Returns, discounts and other allowances $ ( 984 ) $ ( 1,200 ) Trade accounts receivable Right of return asset $ 1,127 $ 432 Inventories, net Customer deposits $ ( 2,099 ) $ ( 2,017 ) Other current liabilities Accrued rebates $ ( 2,991 ) $ ( 4,441 ) Other current liabilities Sales, value added, and other taxes collected with revenue from customers are excluded from net sales. The cost for shipments to customers is recognized when control over products has transferred to the customer and is classified as Selling, general and administrative expenses for the Company’s manufacturing business and as Cost of sales for the Company’s distribution business. Costs for shipments to customers in Selling, general and administrative expenses were approximately $ 3.0 million and $ 3.0 million for the quarters ended March 31, 2024 and 2023, respectively, and in Cost of sales were approximately $ 2.9 million and $ 4.1 million for the quarters ended March 31, 2024 and 2023, respectively. Based on the short-term nature of contracts described above, contract acquisition costs are not significant. These costs, as well as other incidental items that are immaterial in the context of the contract, are recognized as expense as incurred.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2024
Business Combinations [Abstract]
Acquisitions	3. Acquisitions Signature On February 8, 2024, the Company acquired the stock of Signature Systems, a manufacturer and distributor of composite matting ground protection for industrial applications, stadium turf protection and temporary event flooring, which is included in the Material Handling Segment. The Signature acquisition aligns with the Company's long-term strategic plan to transform the Company into a high-growth, customer-centric innovator of value-added engineered plastic solutions. The Company initially paid $ 348.9 million to acquire Signature, net of cash acquired of $ 4.3 million. At March 31, 2024, the initial purchase price remains subject to working capital and other adjustments, and expected consideration for the acquisition was $ 348.2 million. The Company funded the acquisition of Signature through an amendment and restatement of Myers’ existing loan agreement, as described in Note 11. Costs related to the acquisition are included within Selling, general and administrative on the Condensed Consolidated Statements of Operations (Unaudited) and totaled $ 6.0 million, of which $ 3.4 million was incurred in the three months ended March 31, 2024. In the three months ended March 31, 2024, Signature contributed $ 19.3 million of revenue and $ 2.9 million of operating income to the Material Handling Segment. The acquisition of Signature was accounted for using the acquisition method, whereby all of the assets acquired and liabilities assumed were recognized at their fair value on the acquisition date, with any excess of the purchase price over the estimated fair value recorded as goodwill. Goodwill represents the future economic benefits arising from other assets acquired that could not be individually and separately recognized. Goodwill acquired in this transaction will not be tax deductible. The following table summarizes the allocation of the purchase price based on the estimated fair value of assets acquired and liabilities assumed based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. There were no measurement period adjustments recorded in the quarter ended March 31, 2024. The purchase accounting will be finalized within one year from the acquisition date. The purchase price allocation of the assets acquired and liabilities assumed is preliminary until the final independent valuation consultant report is issued and the Company finalizes its valuation estimates to determine final working capital adjustments, amounts allocated to intangible assets, the tax effects of the acquisition and finalizing the allocation of fair value to any other assets defined below. The Company expects to complete this process no longer than twelve months after the closing of the acquisition. A summary of the preliminary estimated purchase price allocation is as follows: Assets acquired: Accounts receivable $ 18,902 Inventories 17,612 Prepaid expenses 719 Other assets - long term 4,761 Property, plant and equipment 28,281 Right of use asset - operating leases 3,946 Intangible assets 127,000 Goodwill 215,105 Assets acquired $ 416,326 Liabilities assumed: Accounts payable $ 4,542 Accrued expenses 5,646 Operating lease liability - short term 525 Operating lease liability - long term 2,400 Deferred income taxes 55,054 Total liabilities assumed 68,167 Net acquisition cost $ 348,159 Included in Accounts receivable and Other assets - long term of the table above are long term notes receivable with face value of $ 11.4 million and preliminary estimated fair value of $ 7.3 million based on a risk-adjusted income approach. Intangible assets consist of Signature’s technology, customer relationships and the Signature Systems indefinite-lived trade name, and are summarized in the table below: Fair Value Weighted Average Customer relationships $ 74,100 10.0 years Technology 31,300 12.0 years Total amortizable intangible assets $ 105,400 Intangible assets not subject to amortization: Trademarks and trade names $ 21,600 Indefinite The following unaudited pro forma results of operations for the three months ended March 31, 2024 and 2023, assumes the Signature acquisition was completed on January 1, 2023. The following pro forma results include adjustments to reflect acquisition related costs, additional interest expense, amortization of intangibles associated with the acquisition, amortization of acquisition-related inventory step-up costs and the effects of adjustments made to the carrying value of certain assets. Three months ended March 31, 2024 Three months ended March 31, 2023 Net sales $ 221,821 $ 242,673 Net income 8,345 7,944 The unaudited pro forma results may not be indicative of the results that would have been obtained had the acquisition occurred at the beginning of the periods presented, nor is it intended to be a projection of future results. Mohawk On May 31, 2022, the Company acquired the assets of Mohawk, a leading auto aftermarket distributor, which is included in the Distribution Segment. The Mohawk acquisition aligns with the Company's long-term objective to optimize and grow its Distribution business. Cash consideration was $ 27.8 million, net of $ 1.1 million of cash acquired. Total cash consideration also includes a $ 3.5 million working capital adjustment, of which $ 3.3 million was settled in November 2022 and $ 0.2 million was settled in February 2023.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring	4. Restructuring In conjunction with the Company's previously announced Ameri-Kart plan the Company incurred $ 0.2 million and $ 0.3 million of restructuring charges during the quarter ended March 31, 2024 and March 31, 2023, respectively, which were recorded within both Cost of sales and Selling, general and administrative. Accrued and unpaid restructuring expenses were not significant at March 31, 2024 or December 31, 2023 . Remaining costs to complete the Ameri-Kart consolidation are expected to be approximately $ 2.0 million, to be incurred through 2026 related to remaining idled lease facility and maintenance costs. Severance charges from other restructuring initiatives to reduce overhead costs during the three months ended March 31, 2023 totaled $ 0.3 million in Selling, general and administrative .

Inventories

Inventories	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories are valued at the lower of cost or market for last-in, first-out (“LIFO”) inventory and lower of cost or net realizable value for first-in, first-out (“FIFO”) inventory. Approximately 30 percent of inventories are valued using the LIFO method of determining cost. All other inventories are valued using the FIFO method of determining cost. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on inventory levels and costs at that time. Accordingly, interim LIFO calculations must be based on management’s estimates of expected year-end inventory levels and costs. Because these calculations are subject to many factors beyond management’s control, annual results may differ from interim results as they are subject to the final year-end LIFO inventory valuation. No adjustment to the LIFO reserve was recorded for the quarter ended March 31, 2024. Inventories consisted of the following: March 31, December 31, 2024 2023 Finished and in-process products $ 68,561 $ 53,382 Raw materials and supplies 36,474 37,462 $ 105,035 $ 90,844

Other Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Other Liabilities	6. Other Liabilities The balance in Other current liabilities is comprised of the following: March 31, December 31, 2024 2023 Customer deposits and accrued rebates $ 5,090 $ 6,458 Dividends payable 5,591 5,900 Accrued litigation, claims and professional fees 1,371 2,868 Current portion of environmental reserves 6,505 8,205 Other accrued expenses 7,724 5,041 $ 26,281 $ 28,472 The balance in Other liabilities (long-term) is comprised of the following: March 31, December 31, 2024 2023 Environmental reserves $ 10,189 $ 9,357 Supplemental executive retirement plan liability 481 548 Pension liability 175 135 Other long-term liabilities 2,631 2,068 $ 13,476 $ 12,108

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets The change in goodwill for the quarter ended March 31, 2024 was as follows: Distribution Material Total January 1, 2024 $ 14,730 $ 80,662 $ 95,392 Acquisition — 215,105 215,105 Foreign currency translation — ( 237 ) ( 237 ) March 31, 2024 $ 14,730 $ 295,530 $ 310,260 Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents, non-competition agreements and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. Indefinite-lived trade names had a carrying value of $ 31.4 million and $ 9.8 million at March 31, 2024 and December 31, 2023 , respectively. Refer to Note 3 for the intangible assets acquired through the Signature acquisition in February 2024.

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Income per Common Share	8. Net Income per Common Share Net income per common share , as shown on the accompanying Condensed Consolidated Statements of Operations (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the periods as follows: For the Quarter Ended March 31, 2024 2023 Weighted average common shares outstanding basic 36,908,169 36,564,775 Dilutive effect of stock options and restricted stock 214,850 251,181 Weighted average common shares outstanding diluted 37,123,019 36,815,956 The dilutive effect of stock options and restricted stock was computed using the treasury stock method. Options to purchase 4,733 shares of common stock that were outstanding for the quarter ended March 31, 2024 were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and were therefore anti-dilutive. There were no options to purchase shares of common stock excluded from the computation of diluted earnings for the quarter ended March 31, 2023 .

Stock Compensation

Stock Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock Compensation	9. Stock Compensation The Company’s 2021 Long-Term Incentive Plan (the “2021 Plan”) was adopted by the Board of Directors on March 4, 2021, amended by the Board of Directors on April 20, 2021, and approved by shareholders in the annual shareholder meeting on April 29, 2021. The 2021 Plan authorizes the Compensation and Management Development Committee of the Board of Directors (“Compensation Committee”) to issue up to 2,000,000 additional various stock awards including stock options, performance stock units, restricted stock units and other forms of equity-based awards to key employees and directors. No new awards may be issued under the 2021 Plan after March 16, 2024. The Company’s 2024 Long-Term Incentive Plan (the “2024 Plan”) was adopted by the Board of Directors on February 29, 2024, and approved by shareholders in the annual shareholder meeting on April 25, 2024. The 2024 Plan authorizes the Compensation Committee to issue up to 2,500,000 additional various stock awards including stock options, performance stock units, restricted stock units and other forms of equity-based awards to key employees and directors. Stock compensation expense was approximately $ 0.7 million and $ 1.9 million for the quarters ended March 31, 2024 and 2023, respectively. These expenses are included in Selling, general and administrative expenses. Total unrecognized compensation cost related to non-vested stock-based compensation arrangements at March 31, 2024 was approximately $ 9.6 million, which will be recognized over the next three years , as such compensation is earned. Outstanding options expire, if unexercised, ten years from the date of grant.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	10. Contingencies The Company is a defendant in various lawsuits and a party to various other legal proceedings arising in the ordinary course of business, some of which are covered in whole or in part by insurance. When a loss arising from these matters is probable and can reasonably be estimated, the most likely amount of the estimated probable loss is recorded, or if a range of probable loss can be estimated and no amount within the range is a better estimate than any other amount, the minimum amount in the range is recorded. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Based on current available information, management believes that the ultimate outcome of these matters, including those described below, will not have a material adverse effect on our financial position, cash flows or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods. New Idria Mercury Mine In September 2015, the U.S. Environmental Protection Agency (“EPA”) informed a subsidiary of the Company, Buckhorn, Inc. (“Buckhorn”) via a notice letter and related documents (the “Notice Letter”) that it considers Buckhorn to be a potentially responsible party (“PRP”) in connection with the New Idria Mercury Mine site (“New Idria Mine”). New Idria Mining & Chemical Company (“NIMCC”), which owned and/or operated the New Idria Mine through 1976, was merged into Buckhorn Metal Products Inc. in 1981, which was subsequently acquired by Myers Industries, Inc. in 1987. As a result of the EPA Notice Letter, Buckhorn and the Company engaged in negotiations with the EPA with respect to a draft Administrative Order of Consent (“AOC”) proposed by the EPA for the Remedial Investigation/Feasibility Study (“RI/FS”) to determine the extent of remediation necessary and the screening of alternatives. Buckhorn and the EPA finalized the AOC and related Statement of Work (“SOW”) with regards to the New Idria Mine, effective as of November 27, 2018, the date that it was executed by the EPA. The AOC requires a $ 2 million letter of credit to be provided for the duration of the RI/FS as assurance of Buckhorn's performance obligations. All reasonably estimable costs related to the environmental remediation are accrued. These costs are comprised primarily of estimates to perform the RI/FS, negotiation of the AOC, identification of possible other PRPs, EPA oversight fees, past cost claims made by the EPA, periodic monitoring, and responses to demands issued by the EPA under the AOC. It is possible that adjustments to the aforementioned reserves will be necessary as new information is obtained, including after finalization and EPA approval of the work plan for the RI/FS. Estimates of Buckhorn’s liability are based on current facts, laws, regulations and technology. Estimates of Buckhorn’s environmental liabilities are further subject to uncertainties regarding the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise engineering evaluation and cost estimates, the extent of remedial actions that may be required, the extent of oversight by the EPA and the number and financial condition of other PRPs that may be named, as well as the extent of their responsibility for the remediation. Beginning in late 2021 and continuing through the current period, Buckhorn and the EPA continue to actively discuss the scope of the activities in the work plan for the RI/FS, resulting in changes to the estimated costs to perform the RI/FS work plan from time to time. Cost estimates will continue to be refined as the work plans for the RI/FS and the ultimate remediation are finalized and as the activities are performed over a period expected to last several years. In the fourth quarter of 2022, Buckhorn reached an agreement with respect to certain insurance coverage related to defense costs, which is expected to apply to a substantial portion of the estimated RI/FS costs. Recovery of accrued costs are recorded as a receivable to the extent such recovery is determined to be probable under this agreement. Estimates of cost recoveries will continue to be refined as the RI/FS work plan is finalized and the activities are performed over a period expected to last several years. Buckhorn may also have opportunity for cost recovery under other insurance policies. Since October 2011, when the New Idria Mine was added to the Superfund National Priorities List by the EPA, Buckhorn has recognized $ 22.0 million of cumulative charges, made cumulative payments of $ 11.6 million and received insurance recoveries of $ 4.5 million through March 31, 2024. For the three months ended March 31, 2024 the following activity was recorded in connection with the New Idria Mercury Mine: For the Quarter Ended March 31, 2024 2023 Beginning reserve balance $ 13,182 $ 11,855 Changes in estimated environmental liability — 1,600 Payments made (3) ( 867 ) ( 2,731 ) Ending reserve balance (1) $ 12,315 $ 10,724 Beginning receivable balance $ 7,245 $ 6,000 Changes in estimated insurance recovery 300 1,100 Insurance recovery reimbursements ( 525 ) ( 876 ) Ending receivable balance (2) $ 7,020 $ 6,224 (1) As of March 31, 2024 , Buckhorn has a total ending reserve balance of $ 12.3 million related to the New Idria Mine, of which $ 6.2 million is classified in Other current liabilities and $ 6.1 million in Other liabilities (long-term). (2) As of March 31, 2024 , Buckhorn has a total receivable balance related to the probable insurance recovery of $ 7.0 million, of which $ 2.9 million is classified in Other a ccounts receivable and $ 4.1 million is classified in Other (long-term). (3) Payments made for the three months ended March 31, 2023 include a $ 1.9 million payment related to a settlement agreement with the EPA to resolve the past costs claim, which Buckhorn paid in the first quarter of 2023. Given the circumstances referred to above, including the fact that the final remediation strategy has not yet been determined, Buckhorn has not accrued for remediation costs in connection with this site as it is unable to estimate the range of a reasonably possible liability for remediation costs. New Almaden Mine A number of parties, including the Company and its subsidiary, Buckhorn (as successor to NIMCC), were alleged by trustee agencies of the United States and the State of California to be responsible for natural resource damages due to environmental contamination of areas comprising the historical New Almaden mercury mines located in the Guadalupe River Watershed region in Santa Clara County, California (“County”). In 2005, Buckhorn and the Company, without admitting liability or chain of ownership of NIMCC, resolved the trustees’ claim against them through a consent decree that required them to contribute financially to the implementation by the County of an environmentally beneficial project within the impacted area. Buckhorn and the Company negotiated an agreement with the County ("Cost Sharing Agreement"), whereby Buckhorn and the Company agreed to reimburse one-half of the County’s costs of implementing the project. A detailed estimate was received from the County in 2016, and estimated costs for implementing the project to range between $ 3.3 million and $ 4.4 million. In 2022, the County informed the Company that it may begin implementation of the project in 2023 and that costs were expected to be higher. In January 2023, the County informed Buckhorn that the project will commence in 2023 and that it had accepted a bid to complete the project for approximately $ 9.0 million. The Company and Buckhorn intend to vigorously challenge, under the terms of the Cost Sharing Agreement, their responsibility to share in the entirety of the project cost increases. No costs were incurred related to New Almaden in the quarter ended March 31, 2024 or 2023, respectively. As of March 31, 2024 , Buckhorn has a total reserve of $ 4.4 million related to the New Almaden Mine, of which $ 0.3 million is classified in Other current liabilities and $ 4.1 million is classified in Other liabilities (long-term). As work on the project occurs and dispute resolution proceeds, it is possible that adjustments to the aforementioned reserves will be necessary to reflect new information. In addition, the Company may have claims against and defenses to claims by the County under the 2005 agreement that could reduce or offset its obligation for reimbursement of some of these potential additional costs. With the assistance of environmental consultants, the Company will closely monitor this matter and will continue to assess its reserves as additional information becomes available. No Spill Matter On December 11, 2018, No Spill Inc. ("No Spill") filed suit against Scepter Manufacturing LLC in the United States District Court for the District of Kansas asserting infringement of two patents, breach of contract, and trade dress claims in relation to plastic gasoline containers Scepter manufactures and sells in the United States. Scepter Canada, Inc. was later added in a second amended complaint. On January 6, 2022, the District Court bifurcated the patent infringement and invalidity issues from the antitrust and other issues in the case. The trial on patent infringement and invalidity was held in early March 2023, resulting in a unanimous jury verdict on March 14, 2023 in favor of the defendant Scepter entities on each of the alleged claims of infringement. On April 24, 2023, the Court issued an Order dismissing all remaining claims in the case with prejudice and entered final Judgment of the jury verdict in favor of Scepter. On April 24, 2023, the parties dismissed the remaining claims and phase two of the bifurcated trial will not proceed. Both parties filed post-trial motions with the District Court to preserve the issues for appeal. The District Court denied No Spill's motion for judgment as a matter of law and for a new trial. No Spill did not file an appeal. The underlying case is now concluded. Scepter incurred $ 13.3 million in cumulative defense costs in this matter, and in the fourth quarter of 2023, the Company reached a settlement agreement with one of its insurers, with respect to certain insurance coverage related to defense costs for $ 10 million, which was recorded as a reduction to legal costs within Selling, general and administrative expenses in the fourth quarter of 2023. As of December 31, 2023, Scepter had a remaining receivable of $ 6.8 million which was received in February 2024. Other Matters On February 14, 2023, a lawsuit was filed by Nan Morgan McCartney in the Circuit Court of Escambia County, Florida against the Company, Scepter US Holding Company, Scepter Manufacturing, LLC, Scepter Canada Inc., Walmart Inc., and Wal-Mart Stores East, LP. The complaint seeks compensatory damages and court costs for harm caused to Ms. McCartney allegedly arising from use of a 5-gallon portable fuel container manufactured by a Scepter company and alleges amounts in controversy in excess of $ 30 thousand exclusive of costs. The case has been removed to the Northern District of Florida, Pensacola Division. The Myers' defendants filed their Answer to the Complaint on April 25, 2023. On May 19, 2023 the Court filed a Final Scheduling Order. Defendants have served written discovery on Plaintiff. Plaintiff was deposed on September 6, 2023. On January 12, 2024 Myers and Walmart signed a joint defense agreement. Plantiff's ex-husband was deposed on February 21, 2024. The Company continues its review of electronic discovery. No other proceedings have occurred in this litigation matter as of the date of this filing and the Company cannot assess with any meaningful probability the outcome or the potential damages. Scepter has maintained insurance policies, which it believes may cover a substantial portion of the defense costs incurred in this matter and to date, Scepter has incurred approximately $ 1.0 million in legal fees and expenses. For the period ending March 31, 2024, Scepter has recognized a $ 0.7 million reduction to legal costs within Selling, general and administrative expenses representing the amount of probable insurance recoveries related to legal costs incurred to date on this matter. As of March 31, 2024, Scepter had a remaining receivable of $ 0.5 million, which is classified in Other accounts receivable on the Condensed Consolidated Statements of Financial Position (Unaudited) and was received in April 2024.

Long-Term Debt and Loan Agreeme

Long-Term Debt and Loan Agreements	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt and Loan Agreements	11. Long-Term Debt and Loan Agreements Long-term debt consisted of the following: March 31, December 31, 2024 2023 Amended Loan Agreement - Revolving Credit Facility $ 9,000 $ 20,000 Amended Loan Agreement - Term Loan A 400,000 - 5.25 % Senior Unsecured Notes due January 15, 2024 - 11,000 5.30 % Senior Unsecured Notes due January 15, 2024 - 15,000 5.45 % Senior Unsecured Notes due January 15, 2026 - 12,000 409,000 58,000 Less unamortized deferred financing costs 8,374 13 400,626 57,987 Less current portion long-term debt 19,581 25,998 Long-term debt $ 381,045 $ 31,989 On February 8, 2024, the Company entered into Amendment No. 1 to the Seventh Amended and Restated Loan Agreement (“Amendment No. 1”), which amended the Seventh Amended and Restated Loan Agreement (the "Loan Agreement”) dated September 29, 2022 (collectively, the “Amended Loan Agreement”). Amendment No. 1, among other things, permitted the acquisition of Signature Systems and provided a new 5-year $ 400 million term loan facility (“Term Loan A”). Term Loan A will amortize in eight quarterly installment payments of $ 5 million beginning June 30, 2024, quarterly installment payments of $ 10 million thereafter, and any remaining balance due upon maturity . Term Loan A may be voluntarily prepaid at any time, in whole or in part, without penalty or premium, however, all amounts repaid or prepaid in respect of Term Loan A may not be reborrowed. Amendment No. 1 did not change the existing revolving credit facility’s maturity date or $ 250 million borrowing limit, which includes a letter of credit subfacility and swingline subfacility. In connection with Amendment No. 1, the Company incurred deferred financing fees of $ 9.2 million, of which $ 8.5 million was related to Term Loan A and included in Long-term debt and Long-term debt - current portion and $ 0.7 million was related to the Revolving Credit Facility and included in Other Assets (long-term). These deferred financing fees are being amortized to Interest expense over their respective terms to maturity. Remaining deferred financing fees on the Revolving Credit Facility were $ 1.6 million and $ 1.1 million as of March 31, 2024 and December 31, 2023, respectively and remaining unamortized deferred financing costs under the Term Loan A totaled $ 8.4 million as of March 31, 2024. The Amended Loan Agreement is on substantially the same terms as the Loan Agreement, except Amendment No. 1 has amended, among other items, (i) to permit the Signature Systems acquisition, (ii) to modify the maximum leverage ratio to not exceed (x) 4.00 to 1:00 on a “net” basis for an initial “net” leverage ratio holiday period for the immediate fiscal quarter end after the Signature Systems acquisition is consummated and for the three immediately following fiscal quarter ends thereafter and (y) 3.25 to 1.00 on a “net” basis after such “net” leverage ratio holiday period (subject to additional “net” leverage ratio holiday periods at the election of the Company for such periods that are more fully described in the Amended Loan Agreement), (iii) to modify certain negative covenants (including the restricted payment covenant) so that the applicable incurrence tests for such negative covenants is now based on the new “net” leverage ratio level, (iv) to increase the applicable margins for the loans under the Amended Loan Agreement to range between 1.775 % to 2.35 % for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and between 0.775 % and 1.35 % for base rate loans, in each case based from time to time on the determination of the Company’s then net leverage ratio, (v) to replace the Canadian Dealer Offered Rate (CDOR) as the applicable reference rate with respect to loans denominated in Canadian Dollars to the Canadian Overnight Repo Rate Average (CORRA), and (vi) to amend the scope of collateral securing the obligations under the Amended Loan Agreement to be an “all asset” lien (subject to customary provisions of excluded collateral not subject to the liens). On September 29, 2022, the Company entered into a Seventh Amended and Restated Loan Agreement (the “Seventh Amendment”), which amended the Sixth Amended and Restated Loan Agreement (the "Sixth Amendment"), dated March 12, 2021. The Seventh Amendment, among other things, extended the maturity date to September 2027 from March 2024 . The Seventh Amendment did not change the senior revolving credit facility's $ 250 million borrowing limit, which includes a letter of credit subfacility and swingline subfacility, or the outstanding letters of credit. In connection with the Seventh Amendment, the Company incurred $ 0.9 million of deferred financing fees, which are included in Other assets (long-term) and being amortized to Interest expense over the term of the Loan Agreement. As of March 31, 2024, the Company had $ 235.4 million available under the Amended Loan Agreement, which is available for the ongoing working capital requirements of the Company and its subsidiaries and for general corporate purposes. The Company had $ 5.6 million of letters of credit issued related to insurance and other contracts requiring financial assurance in the ordinary course of business. Borrowings under the Amended Loan Agreement bear interest at the Term SOFR, RFR, SONIA, EURIBOR and CORRA-based borrowing rates. Amounts borrowed under the credit facility are secured by pledges to all of the Company's assets (except with respect to certain assets that are customarily excluded for the incurrence of such liens). On January 12, 2024, the Company repaid $ 26.0 million of senior unsecured notes upon maturity using cash on hand and availability under the Loan agreement. On February 6, 2024, in connection with the first amendment and restatement to the Loan Agreement discussed above, the Company prepaid the remaining $ 12.0 million face value of senior unsecured notes, which were due January 15, 2026, using availability under the revolving credit facility under the Loan Agreement. After giving effect to the payment in full all outstanding senior unsecured notes under the Note Purchase Agreement have been paid and the Note Purchase Agreement has been terminated. In conjunction with the termination t he Company recognized a loss on debt extinguishment of $ 0.1 million, primarily representing the make-whole fees on the senior unsecured notes and the unamortized value of the original issuance discount which were included in Interest expense . The weighted average interest rate on borrowings under the Company’s long-term debt was 8.93 % and 6.43 % for the quarters ended March 31, 2024 and 2023, respectively, which includes a quarterly facility fee on the used and unused portion, as well as amortization of deferred financing costs. As of March 31, 2024, the Company was in compliance with all of its debt covenants associated with its Amended Loan Agreement. The most restrictive financial covenants for all of the Company’s debt are a net leverage ratio (defined as net debt divided by earnings before interest, taxes, depreciation and amortization, as adjusted) and an interest coverage ratio (defined as earnings before interest, taxes, depreciation and amortization, as adjusted, divided by interest expense). Interest rate swap transaction - subsequent event On May 2, 2024, the Company entered into an interest rate swap agreement to mitigate the variable interest rate risk of borrowings under the Amended Loan Agreement. The swap has a beginning notional value of $ 200.0 million, which reduces proportionately with scheduled Term Loan A amortization payments, and has a final maturity date of January 31, 2029 . The swap is designated as a cash flow hedge and effectively results in a fixed rate of 4.606 % plus the applicable margin for the hedged debt, as described above.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The Company’s effective tax rate was 27.0 % for the quarter ended March 31, 2024, respectively compared to 25.0 % for the quarter ended March 31, 2023. The effective income tax rate for both periods was different than the Company’s statutory rate, primarily due to non-deductible expenses and state taxes. The Company and its subsidiaries file U.S. Federal, state and local, and non-U.S. income tax returns. As of March 31, 2024 , the Company is no longer subject to U.S. Federal examination by tax authorities for tax years before 2020. The Company is subject to state and local examinations for tax years of 2019 through 2022 . In addition, the Company is subject to non-U.S. income tax examinations for tax years of 2019 through 2022 .

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	13. Leases The Company determines if an arrangement is a lease at inception. The Company has leases for manufacturing facilities, distribution centers, warehouses, office space and equipment, with remaining lease terms of one to twelve years . Certain of these leases include options to extend the lease for up to five years , and some include options to terminate the lease early. Leases with an initial term of 12 months or less are not recorded on the statement of financial position; the Company recognizes lease expense for these short-term leases on a straight-line basis over the lease term. Operating leases with an initial term greater than 12 months are included in Right of use asset – operating leases (“ROU assets”), Operating lease liability – short term , and Operating lease liability – long term and finance leases are included in Property, plant and equipment , Finance lease liability – short term , and Finance lease liability – long term in the Condensed Consolidated Statements of Financial Position (Unaudited). The ROU assets represent the right to use an underlying asset for the lease term and the lease liabilities represent the obligation to make lease payments. ROU assets and lease liabilities are recognized at commencement date based on the present value of the lease payments over the lease term. When leases do not provide an implicit rate, the Company’s incremental borrowing rate is used, which is then applied at the portfolio level, based on the information available at commencement date in determining the present value of lease payments. The Company has also elected not to separate lease and non-lease components. The lease terms include options to extend or terminate the lease when it is reasonably certain the option will be exercised. Lease expense is recognized on a straight-line basis over the lease term. Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to leases include: March 31, December 31, Classification 2024 2023 Assets: Operating lease assets Right of use asset - operating leases $ 34,560 $ 27,989 Finance lease assets Property, plant and equipment, net 8,483 8,668 Total lease assets $ 43,043 $ 36,657 Liabilities: Current Operating lease liability - short-term $ 6,708 $ 5,943 Long-term Operating lease liability - long-term 27,195 22,352 Total operating lease liabilities 33,903 28,295 Current Finance lease liability - short-term 604 593 Long-term Finance lease liability - long-term 8,461 8,615 Total finance lease liabilities 9,065 9,208 Total lease liabilities $ 42,968 $ 37,503 The components of lease expense include: For the Quarter Ended March 31, Lease Cost Classification 2024 2023 Operating lease cost (1) Cost of sales $ 1,732 $ 1,553 Operating lease cost (1) Selling, general and administrative expenses 964 855 Finance lease cost Amortization expense Cost of sales 185 172 Interest expense on lease liabilities Interest expense, net 83 81 Total lease cost $ 2,964 $ 2,661 (1) Includes short-term leases and variable lease costs, which are immaterial Supplemental cash flow information related to leases was as follows: For the Quarter Ended March 31, Supplemental Cash Flow Information 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,007 $ 1,880 Operating cash flows from finance leases $ 83 $ 81 Financing cash flows from finance leases $ 143 $ 129 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 4,417 $ 1,190 Finance leases $ — $ — Lease Term and Discount Rate March 31, 2024 December 31, 2023 Weighted-average remaining lease term (years): Operating leases 5.34 5.67 Finance leases 11.74 11.99 Weighted-average discount rate: Operating leases 5.9 % 4.7 % Finance leases 3.7 % 3.7 % Maturity of Lease Liabilities - As of March 31, 2024 Operating Leases Finance Leases Total 2024 (1) $ 6,353 $ 693 $ 7,046 2025 8,346 924 9,270 2026 7,373 924 8,297 2027 6,317 945 7,262 2028 4,657 950 5,607 After 2028 6,025 6,708 12,733 Total lease payments 39,071 11,144 50,215 Less: interest ( 5,168 ) ( 2,079 ) ( 7,247 ) Present value of lease liabilities $ 33,903 $ 9,065 $ 42,968 (1) Represents amounts due in 2024 after March 31, 2024

Segments

Segments	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segments	14. Segments The Company manages its business under two operating segments, Material Handling and Distribution, consistent with the manner in which the Chief Operating Decision Maker (“CODM”) evaluates performance and makes resource allocation decisions. None of the reportable segments include operating segments that have been aggregated. These segments contain individual business components that have been combined on the basis of common management, customers, products, production processes and other economic characteristics. Intersegment sales are recorded with a reasonable margin and are eliminated in consolidation. The Material Handling Segment manufactures a broad selection of durable plastic reusable products that are used repeatedly during the course of their service life. At the end of their service life, these highly sustainable products can be recovered, recycled, and reprocessed into new products. The Material Handling Segment’s products include a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, composite ground protection matting, consumer fuel containers and tanks for water, fuel and waste handling. Products in the Material Handling Segment are primarily injection molded, rotationally molded, compression molded or blow molded. This segment conducts its primary operations in the United States, Canada and the United Kingdom. Markets served include industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, construction, infrastructure and consumer, among others. Products are sold both directly to end-users and through distributors. The acquisition of Signature, as described in Note 3, is included in the Material Handling Segment. The Distribution Segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive under-vehicle repair and the manufacture of tire repair and retreading products. The product line includes categories such as tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment and tools, and tire repair/retread supplies. The Distribution Segment also manufactures and sells certain traffic markings, including reflective highway marking tape. The Distribution Segment operates domestically through its sales offices and eight regional distribution centers in the United States, and in certain foreign countries through export sales. In addition, the Distribution Segment operates directly in certain foreign markets, principally Central America, through foreign branch operations. Markets served include retail and truck tire dealers, commercial auto and truck fleets, truck stop operations, auto dealers, general service and repair centers, tire retreaders, and government agencies. Total sales from foreign business units were approximately $ 9.9 million and $ 12.5 million for the quarters ended March 31, 2024 and 2023, respectively. Summarized segment detail for the quarters ended March 31, 2024 and 2023 are presented in the following table: For the Quarter Ended March 31, 2024 2023 Net Sales Material Handling $ 152,225 $ 152,562 Distribution 54,894 63,185 Inter-company sales ( 17 ) ( 8 ) Total net sales $ 207,102 $ 215,739 Operating income Material Handling (2) (3) $ 22,256 $ 25,351 Distribution 605 2,237 Corporate (1) (3) ( 11,982 ) ( 8,631 ) Total operating income 10,879 18,957 Interest expense, net ( 6,079 ) ( 1,646 ) Income before income taxes $ 4,800 $ 17,311 (1) The Company recognized $( 0.3 ) million and $ 0.5 million of expense to the estimated environmental reserve, net of probable insurance recoveries for the quarters ended March 31, 2024 and 2023 , respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate. (2) The Company recognized $ 3.1 million of non-cash inventory step-up that was amortized to Cost of sales for the quarter ended March 31, 2024 related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, as described in Note 3. (3) The Company incurred $ 3.4 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter ended March 31, 2024 , of which $ 3.3 million and $ 0.1 million are included in Corporate and Material Handling's results, respectively.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”), and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2023. In the opinion of the Company, the accompanying condensed consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position as of March 31, 2024, and the results of operations and cash flows for the periods presented. The results of operations for the quarter ended March 31, 2024 are not necessarily indicative of the results of operations that will occur for the year ending December 31, 2024. Accounting Standards Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU is intended to enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity's operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. For the Company, this ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments within this ASU should be applied prospectively although retrospective application is also permitted. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . This ASU is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. For the Company, this ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments within this ASU are required to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU is intended to enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity's operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. For the Company, this ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments within this ASU should be applied prospectively although retrospective application is also permitted. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . This ASU is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. For the Company, this ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments within this ASU are required to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.
Fair Value Measurement	Fair Value Measurement The Company follows guidance included in ASC 820, Fair Value Measurements and Disclosures , for its financial assets and liabilities, as required. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly. Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions. The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximates carrying value due to the nature and relative short maturity of these assets and liabilities. The fair value of the Company’s revolving credit facility, as defined in Note 11, approximates carrying value due to the floating rates and the relative short maturity (less than 90 days) of any revolving borrowings under this agreement. The carrying value of the Company’s term loan, as defined in Note 11, approximates fair value given that the underlying interest rate applied to such amounts outstanding is currently based upon floating market rates and the Company has the ability to repay the outstanding principal at par value at any time under the terms of this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered Level 2 inputs. At December 31, 2023, the aggregate fair value of the Company's outstanding fixed rate senior unsecured notes was estimated to be $ 37.8 million. The purchase price allocations associated with the February 8, 2024 acquisition of Signature CR Intermediate Holdco, Inc. ("Signature" or "Signature Systems") and the May 31, 2022 acquisition of Mohawk Rubber Sales of New England Inc. ("Mohawk"), as described in Note 3, required fair value measurements using unobservable inputs which are considered Level 3 inputs. The fair value of the acquired intangible assets was determined using an income approach.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) are as follows: Foreign Defined Benefit Total Balance at January 1, 2024 $ ( 15,551 ) $ ( 1,264 ) $ ( 16,815 ) Other comprehensive income (loss) before reclassifications ( 831 ) — ( 831 ) Net current-period other comprehensive income (loss) ( 831 ) — ( 831 ) Balance at March 31, 2024 $ ( 16,382 ) $ ( 1,264 ) $ ( 17,646 ) Foreign Defined Benefit Total Balance at January 1, 2023 $ ( 16,410 ) $ ( 1,383 ) $ ( 17,793 ) Other comprehensive income (loss) before reclassifications 42 — 42 Net current-period other comprehensive income (loss) 42 — 42 Balance at March 31, 2023 $ ( 16,368 ) $ ( 1,383 ) $ ( 17,751 )
Allowance for Credit Losses	Allowance for Credit Losses Management has established certain requirements that customers must meet before credit is extended. The financial condition of customers is continually monitored and collateral is usually not required. The Company evaluates the collectability of accounts receivable based on a combination of factors. The Company reviews historical trends for credit loss as well as current economic conditions in determining an estimate for its allowance for credit losses. Additionally, in circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, a specific allowance for credit losses is recorded against amounts due to reduce the net recognized receivable to the amount the Company reasonably expects will be collected.
Revenue Recognition	Revenue is recognized when obligations under the terms of a contract with customers are satisfied. In both the Distribution and Material Handling segments, this generally occurs with the transfer of control of the products. This transfer of control may occur at either the time of shipment from a Company facility, or at the time of delivery to a designated customer location. Obligations under contracts with customers are typically fulfilled within 90 days of receiving a purchase order from a customer, and generally no other future obligations are required to be performed. The Company generally does not enter into any long-term contracts with customers greater than one year. Based on the nature of the Company’s products and customer contracts, no deferred revenue has been recorded, with the exception of cash advances or deposits received from customers prior to transfer of control of the product. These advances are typically fulfilled within the 90-day time frame mentioned above. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the products. Certain contracts with customers include variable consideration, such as rebates or discounts. The Company recognizes estimates of this variable consideration each period, primarily based on the most likely level of consideration to be paid to the customer under the specific terms of the underlying programs. While the Company’s contracts with customers do not generally include explicit rights to return product, the Company will in practice allow returns in the normal course of business and as part of the customer relationship. Expected returns allowances are recognized each period based on an analysis of historical experience, and when physical recovery of the product from returns occurs, an estimated right to return asset is also recorded based on the approximate cost of the product.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The balances in the Company's Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (loss) are as follows: Foreign Defined Benefit Total Balance at January 1, 2024 $ ( 15,551 ) $ ( 1,264 ) $ ( 16,815 ) Other comprehensive income (loss) before reclassifications ( 831 ) — ( 831 ) Net current-period other comprehensive income (loss) ( 831 ) — ( 831 ) Balance at March 31, 2024 $ ( 16,382 ) $ ( 1,264 ) $ ( 17,646 ) Foreign Defined Benefit Total Balance at January 1, 2023 $ ( 16,410 ) $ ( 1,383 ) $ ( 17,793 ) Other comprehensive income (loss) before reclassifications 42 — 42 Net current-period other comprehensive income (loss) 42 — 42 Balance at March 31, 2023 $ ( 16,368 ) $ ( 1,383 ) $ ( 17,751 )
Summary of Changes in Allowance for Credit Losses	The changes in the allowance for credit losses for the quarter ended March 31, 2024 and 2023 were as follows: 2024 2023 Balance at January 1 $ 2,989 $ 2,273 Provision for expected credit loss, net of recoveries 922 135 Write-offs and other ( 162 ) ( 195 ) Balance at March 31 $ 3,749 $ 2,213

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue Recognition [Abstract]
Schedule of Revenue by Major Market	The Company’s revenue by major market is as follows: For the Quarter Ended March 31, 2024 Material Distribution Inter-company Consolidated Consumer $ 22,301 $ — $ — $ 22,301 Vehicle 29,410 — — 29,410 Food and beverage 27,573 — — 27,573 Industrial 53,614 — ( 17 ) 53,597 Infrastructure 19,327 — — 19,327 Auto aftermarket — 54,894 — 54,894 Total net sales $ 152,225 $ 54,894 $ ( 17 ) $ 207,102 For the Quarter Ended March 31, 2023 Material Distribution Inter-company Consolidated Consumer $ 23,876 $ — $ — $ 23,876 Vehicle 32,008 — — 32,008 Food and beverage 41,156 — — 41,156 Industrial 55,522 — ( 8 ) 55,514 Infrastructure — — — — Auto aftermarket — 63,185 — 63,185 Total net sales $ 152,562 $ 63,185 $ ( 8 ) $ 215,739
Schedule of Balances included in Condensed Consolidated Statements of Financial Position (Unaudited) Related to Revenue Recognition	Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to revenue recognition include: March 31, December 31, Statement of Financial 2024 2023 Classification Returns, discounts and other allowances $ ( 984 ) $ ( 1,200 ) Trade accounts receivable Right of return asset $ 1,127 $ 432 Inventories, net Customer deposits $ ( 2,099 ) $ ( 2,017 ) Other current liabilities Accrued rebates $ ( 2,991 ) $ ( 4,441 ) Other current liabilities

Acquisitions (Tables)

Acquisitions (Tables) - Signature Systems [Member]	3 Months Ended
	Mar. 31, 2024
Summary of Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed	The purchase price allocation of the assets acquired and liabilities assumed is preliminary until the final independent valuation consultant report is issued and the Company finalizes its valuation estimates to determine final working capital adjustments, amounts allocated to intangible assets, the tax effects of the acquisition and finalizing the allocation of fair value to any other assets defined below. The Company expects to complete this process no longer than twelve months after the closing of the acquisition. A summary of the preliminary estimated purchase price allocation is as follows: Assets acquired: Accounts receivable $ 18,902 Inventories 17,612 Prepaid expenses 719 Other assets - long term 4,761 Property, plant and equipment 28,281 Right of use asset - operating leases 3,946 Intangible assets 127,000 Goodwill 215,105 Assets acquired $ 416,326 Liabilities assumed: Accounts payable $ 4,542 Accrued expenses 5,646 Operating lease liability - short term 525 Operating lease liability - long term 2,400 Deferred income taxes 55,054 Total liabilities assumed 68,167 Net acquisition cost $ 348,159
Summary of Intangible Assets	Intangible assets consist of Signature’s technology, customer relationships and the Signature Systems indefinite-lived trade name, and are summarized in the table below: Fair Value Weighted Average Customer relationships $ 74,100 10.0 years Technology 31,300 12.0 years Total amortizable intangible assets $ 105,400 Intangible assets not subject to amortization: Trademarks and trade names $ 21,600 Indefinite
Summary of Pro Forma Results of Operations	The following pro forma results include adjustments to reflect acquisition related costs, additional interest expense, amortization of intangibles associated with the acquisition, amortization of acquisition-related inventory step-up costs and the effects of adjustments made to the carrying value of certain assets. Three months ended March 31, 2024 Three months ended March 31, 2023 Net sales $ 221,821 $ 242,673 Net income 8,345 7,944

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Summary of Determination Cost of Inventories	Inventories consisted of the following: March 31, December 31, 2024 2023 Finished and in-process products $ 68,561 $ 53,382 Raw materials and supplies 36,474 37,462 $ 105,035 $ 90,844

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The balance in Other current liabilities is comprised of the following: March 31, December 31, 2024 2023 Customer deposits and accrued rebates $ 5,090 $ 6,458 Dividends payable 5,591 5,900 Accrued litigation, claims and professional fees 1,371 2,868 Current portion of environmental reserves 6,505 8,205 Other accrued expenses 7,724 5,041 $ 26,281 $ 28,472
Schedule of Other Liabilities (Long-term)	The balance in Other liabilities (long-term) is comprised of the following: March 31, December 31, 2024 2023 Environmental reserves $ 10,189 $ 9,357 Supplemental executive retirement plan liability 481 548 Pension liability 175 135 Other long-term liabilities 2,631 2,068 $ 13,476 $ 12,108

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
The change in goodwill	The change in goodwill for the quarter ended March 31, 2024 was as follows: Distribution Material Total January 1, 2024 $ 14,730 $ 80,662 $ 95,392 Acquisition — 215,105 215,105 Foreign currency translation — ( 237 ) ( 237 ) March 31, 2024 $ 14,730 $ 295,530 $ 310,260

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Weighted Average Number of Common Shares Outstanding During the Period	Net income per common share , as shown on the accompanying Condensed Consolidated Statements of Operations (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the periods as follows: For the Quarter Ended March 31, 2024 2023 Weighted average common shares outstanding basic 36,908,169 36,564,775 Dilutive effect of stock options and restricted stock 214,850 251,181 Weighted average common shares outstanding diluted 37,123,019 36,815,956

Contingencies (Tables)

Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contingencies Reserve Balance	the following activity was recorded in connection with the New Idria Mercury Mine: For the Quarter Ended March 31, 2024 2023 Beginning reserve balance $ 13,182 $ 11,855 Changes in estimated environmental liability — 1,600 Payments made (3) ( 867 ) ( 2,731 ) Ending reserve balance (1) $ 12,315 $ 10,724 Beginning receivable balance $ 7,245 $ 6,000 Changes in estimated insurance recovery 300 1,100 Insurance recovery reimbursements ( 525 ) ( 876 ) Ending receivable balance (2) $ 7,020 $ 6,224 (1) As of March 31, 2024 , Buckhorn has a total ending reserve balance of $ 12.3 million related to the New Idria Mine, of which $ 6.2 million is classified in Other current liabilities and $ 6.1 million in Other liabilities (long-term). (2) As of March 31, 2024 , Buckhorn has a total receivable balance related to the probable insurance recovery of $ 7.0 million, of which $ 2.9 million is classified in Other a ccounts receivable and $ 4.1 million is classified in Other (long-term). (3) Payments made for the three months ended March 31, 2023 include a $ 1.9 million payment related to a settlement agreement with the EPA to resolve the past costs claim, which Buckhorn paid in the first quarter of 2023.

Long-Term Debt and Loan Agree_2

Long-Term Debt and Loan Agreements (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long Term Debt	Long-term debt consisted of the following: March 31, December 31, 2024 2023 Amended Loan Agreement - Revolving Credit Facility $ 9,000 $ 20,000 Amended Loan Agreement - Term Loan A 400,000 - 5.25 % Senior Unsecured Notes due January 15, 2024 - 11,000 5.30 % Senior Unsecured Notes due January 15, 2024 - 15,000 5.45 % Senior Unsecured Notes due January 15, 2026 - 12,000 409,000 58,000 Less unamortized deferred financing costs 8,374 13 400,626 57,987 Less current portion long-term debt 19,581 25,998 Long-term debt $ 381,045 $ 31,989

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Balances Included in Condensed Consolidated Statement of Financial Position (Unaudited) Related to Leases	Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to leases include: March 31, December 31, Classification 2024 2023 Assets: Operating lease assets Right of use asset - operating leases $ 34,560 $ 27,989 Finance lease assets Property, plant and equipment, net 8,483 8,668 Total lease assets $ 43,043 $ 36,657 Liabilities: Current Operating lease liability - short-term $ 6,708 $ 5,943 Long-term Operating lease liability - long-term 27,195 22,352 Total operating lease liabilities 33,903 28,295 Current Finance lease liability - short-term 604 593 Long-term Finance lease liability - long-term 8,461 8,615 Total finance lease liabilities 9,065 9,208 Total lease liabilities $ 42,968 $ 37,503
Schedule of Lease Expense	The components of lease expense include: For the Quarter Ended March 31, Lease Cost Classification 2024 2023 Operating lease cost (1) Cost of sales $ 1,732 $ 1,553 Operating lease cost (1) Selling, general and administrative expenses 964 855 Finance lease cost Amortization expense Cost of sales 185 172 Interest expense on lease liabilities Interest expense, net 83 81 Total lease cost $ 2,964 $ 2,661 (1) Includes short-term leases and variable lease costs, which are immaterial
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: For the Quarter Ended March 31, Supplemental Cash Flow Information 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,007 $ 1,880 Operating cash flows from finance leases $ 83 $ 81 Financing cash flows from finance leases $ 143 $ 129 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 4,417 $ 1,190 Finance leases $ — $ — Lease Term and Discount Rate March 31, 2024 December 31, 2023 Weighted-average remaining lease term (years): Operating leases 5.34 5.67 Finance leases 11.74 11.99 Weighted-average discount rate: Operating leases 5.9 % 4.7 % Finance leases 3.7 % 3.7 %
Maturity of Operating and Finance Lease Liabilities	Maturity of Lease Liabilities - As of March 31, 2024 Operating Leases Finance Leases Total 2024 (1) $ 6,353 $ 693 $ 7,046 2025 8,346 924 9,270 2026 7,373 924 8,297 2027 6,317 945 7,262 2028 4,657 950 5,607 After 2028 6,025 6,708 12,733 Total lease payments 39,071 11,144 50,215 Less: interest ( 5,168 ) ( 2,079 ) ( 7,247 ) Present value of lease liabilities $ 33,903 $ 9,065 $ 42,968 (1) Represents amounts due in 2024 after March 31, 2024

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Reporting Information by Segment	Summarized segment detail for the quarters ended March 31, 2024 and 2023 are presented in the following table: For the Quarter Ended March 31, 2024 2023 Net Sales Material Handling $ 152,225 $ 152,562 Distribution 54,894 63,185 Inter-company sales ( 17 ) ( 8 ) Total net sales $ 207,102 $ 215,739 Operating income Material Handling (2) (3) $ 22,256 $ 25,351 Distribution 605 2,237 Corporate (1) (3) ( 11,982 ) ( 8,631 ) Total operating income 10,879 18,957 Interest expense, net ( 6,079 ) ( 1,646 ) Income before income taxes $ 4,800 $ 17,311 (1) The Company recognized $( 0.3 ) million and $ 0.5 million of expense to the estimated environmental reserve, net of probable insurance recoveries for the quarters ended March 31, 2024 and 2023 , respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate. (2) The Company recognized $ 3.1 million of non-cash inventory step-up that was amortized to Cost of sales for the quarter ended March 31, 2024 related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, as described in Note 3. (3) The Company incurred $ 3.4 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter ended March 31, 2024 , of which $ 3.3 million and $ 0.1 million are included in Corporate and Material Handling's results, respectively.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	Dec. 31, 2023 USD ($)
Estimate of Fair Value, Fair Value Disclosure [Member] | Senior Notes [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Notes payable, fair value disclosure	$ 37.8

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - The Balances in the Company's Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 292,800	$ 256,427
Total other comprehensive income	(831)	42
Ending balance	291,651	265,247
Foreign Currency [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(15,551)	(16,410)
Other comprehensive income (loss) before reclassifications	(831)	42
Total other comprehensive income	(831)	42
Ending balance	(16,382)	(16,368)
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,264)	(1,383)
Other comprehensive income (loss) before reclassifications	0	0
Total other comprehensive income	0	0
Ending balance	(1,264)	(1,383)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(16,815)	(17,793)
Other comprehensive income (loss) before reclassifications	(831)	42
Total other comprehensive income	(831)	42
Ending balance	$ (17,646)	$ (17,751)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Changes in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Balance at January 1	$ 2,989	$ 2,273
Provision for expected credit loss, net of recoveries	922	135
Write-offs and other	(162)	(195)
Balance at March 31	$ 3,749	$ 2,213

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue by Major Market (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Net sales	$ 207,102	$ 215,739
Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	152,225	152,562
Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	54,894	63,185
Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	(17)	(8)
Consumer [Member]
Disaggregation Of Revenue [Line Items]
Net sales	22,301	23,876
Consumer [Member] | Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	22,301	23,876
Consumer [Member] | Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Consumer [Member] | Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Vehicle [Member]
Disaggregation Of Revenue [Line Items]
Net sales	29,410	32,008
Vehicle [Member] | Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	29,410	32,008
Vehicle [Member] | Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Vehicle [Member] | Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Food and Beverage [Member]
Disaggregation Of Revenue [Line Items]
Net sales	27,573	41,156
Food and Beverage [Member] | Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	27,573	41,156
Food and Beverage [Member] | Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Food and Beverage [Member] | Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Industrial [Member]
Disaggregation Of Revenue [Line Items]
Net sales	53,597	55,514
Industrial [Member] | Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	53,614	55,522
Industrial [Member] | Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Industrial [Member] | Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	(17)	(8)
Infrastructure [Member]
Disaggregation Of Revenue [Line Items]
Net sales	19,327	0
Infrastructure [Member] | Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	19,327	0
Infrastructure [Member] | Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Infrastructure [Member] | Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Auto Aftermarket [Member]
Disaggregation Of Revenue [Line Items]
Net sales	54,894	63,185
Auto Aftermarket [Member] | Operating Segments [Member] | Material Handling [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Auto Aftermarket [Member] | Operating Segments [Member] | Distribution [Member]
Disaggregation Of Revenue [Line Items]
Net sales	54,894	63,185
Auto Aftermarket [Member] | Inter-company [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 0	$ 0

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Balances included in Condensed Consolidated Statements of Financial Position (Unaudited) Related to Revenue Recognition (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Trade Accounts Receivable [Member]
Disaggregation Of Revenue [Line Items]
Returns, discounts and other allowances	$ (984)	$ (1,200)
Inventories, net [Member]
Disaggregation Of Revenue [Line Items]
Right of return asset	1,127	432
Other Current Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Customer deposits	(2,099)	(2,017)
Accrued rebates	$ (2,991)	$ (4,441)

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Type of Cost, Good or Service [Extensible Enumeration]	us-gaap:ShippingAndHandlingMember	us-gaap:ShippingAndHandlingMember
Cost of sales	$ 142,833	$ 144,674
Selling, General and Administrative Expenses [Member]
Disaggregation Of Revenue [Line Items]
Cost of sales	3,000	3,000
Cost of Sales [Member]
Disaggregation Of Revenue [Line Items]
Cost of sales	$ 2,900	$ 4,100

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands			1 Months Ended		3 Months Ended
	May 31, 2022	Feb. 08, 2022	Feb. 28, 2023	Nov. 30, 2022	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Acquisition Related Costs					$ 3,400
Long term notes receivable					11,400
Preliminary estimated fair value					7,300
Revenue					207,102	$ 215,739
Operating Income					10,879	$ 18,957
Mohawk [Member]
Business Acquisition [Line Items]
Purchase price of acquisition	$ 27,800
Net of cash acquired	1,100
Working capital adjustment	$ 3,500		$ 200	$ 3,300
Signature Systems [Member]
Business Acquisition [Line Items]
Purchase price of acquisition		$ 348,900
Net of cash acquired		$ 4,300
Working capital adjustment					348,200
Acquisition Related Costs					3,400
Revenue					19,300
Operating Income					2,900
Signature Systems [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Acquisition Related Costs					$ 6,000

Acquisitions - Summary of Alloc

Acquisitions - Summary of Allocation of Purchase Price Based on Estimated Fair Value of Assets Acquired and Liabilities Assumed - Signature (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Feb. 08, 2024	Dec. 31, 2023
Assets acquired:
Goodwill	$ 310,260		$ 95,392
Signature Systems [Member]
Assets acquired:
Accounts receivable		$ 18,902
Inventories		17,612
Prepaid expenses		719
Other assets - long term		4,761
Property, plant and equipment		28,281
Right of use asset - operating leases		3,946
Intangible assets		127,000
Goodwill		215,105
Assets acquired		416,326
Liabilities assumed:
Accounts payable		4,542
Accrued expenses		5,646
Operating lease liability - short term		525
Operating lease liability - long term		2,400
Deferred income taxes		55,054
Total liabilities assumed		68,167
Net acquisition cost		$ 348,159

Acquisitions - Summary of Intan

Acquisitions - Summary of Intangible Assets - Signature (Details) - Signature Systems [Member] $ in Thousands	Feb. 08, 2024 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Total amortizable intangible assets, Fair value	$ 105,400
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total amortizable intangible assets, Fair value	$ 74,100
Weighted Average Estimated Useful Life	10 years
Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total amortizable intangible assets, Fair value	$ 31,300
Weighted Average Estimated Useful Life	12 years
Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total amortizable intangible assets, Fair value	$ 21,600
Weighted Average Estimated Useful Life	Indefinite

Acquisitions - Summary of Pro F

Acquisitions - Summary of Pro Forma Results of Operations - Signature (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net income	$ 3,503	$ 12,976
Acquisition-related Costs [Member] | Signature Systems [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net sales	221,821	242,673
Net income	$ 8,345	$ 7,944

Restructuring - Additional Info

Restructuring - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		33 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2026
Restructuring Cost And Reserve [Line Items]
Restructuring charges	$ 0.2	$ 0.3
Selling, General and Administrative Expenses [Member]
Restructuring Cost And Reserve [Line Items]
General severance charges	$ 0.3
Manufacturing and Distribution [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges			$ 2

Inventories - Additional Inform

Inventories - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($)
Inventories
Percentage of LIFO Inventory	30%
LIFO inventories, change in cost of sales	$ 0

Inventories - Summary of Determ

Inventories - Summary of Determination Cost of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished and in-process products	$ 68,561	$ 53,382
Raw materials and supplies	36,474	37,462
Inventory net	$ 105,035	$ 90,844

Other Liabilities - Schedule of

Other Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Customer deposits and accrued rebates	$ 5,090	$ 6,458
Dividends payable	5,591	5,900
Accrued litigation, claims and professional fees	1,371	2,868
Current portion of environmental reserves	$ 6,505	$ 8,205
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Liabilities, Current	Liabilities, Current
Other accrued expenses	$ 7,724	$ 5,041
Other current liabilities, Total	$ 26,281	$ 28,472

Other Liabilities - Schedule _2

Other Liabilities - Schedule of Other Liabilities (Long-term) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Environmental reserves	$ 10,189	$ 9,357
Supplemental executive retirement plan liability	481	548
Pension liability	175	135
Other long-term liabilities	2,631	2,068
Other liabilities (long-term), Total	$ 13,476	$ 12,108

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Change in Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 95,392
Acquisition	215,105
Foreign currency translation	(237)
Ending balance	310,260
Distribution [Member]
Goodwill [Roll Forward]
Beginning balance	14,730
Acquisition	0
Foreign currency translation	0
Ending balance	14,730
Material Handling [Member]
Goodwill [Roll Forward]
Beginning balance	80,662
Acquisition	215,105
Foreign currency translation	(237)
Ending balance	$ 295,530

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Carrying value of indefinite-lived intangible assets	$ 31.4	$ 9.8

Net Income per Common Share (De

Net Income per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Weighted average common shares outstanding basic	36,908,169	36,564,775
Dilutive effect of stock options and restricted stock (in shares)	214,850	251,181
Weighted average common shares outstanding diluted (in shares)	37,123,019	36,815,956

Net Income per Common Share - A

Net Income per Common Share - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 shares
Earnings Per Share [Abstract]
Anti-dilutive securities excluded from computation of net earnings or loss per common share	4,733

Stock Compensation - Additional

Stock Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Apr. 25, 2024	Mar. 16, 2024	Apr. 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of expiration, term	10 years
Stock compensation expense	$ 0.7	$ 1.9
Total unrecognized compensation cost related to non-vested share based compensation arrangements	$ 9.6
Unrecognized compensation cost period for recognition	3 years
2021 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under plan (in shares)				0	2,000,000
2024 Plan [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under plan (in shares)			2,500,000

Contingencies - Additional Info

Contingencies - Additional Information (Details) - USD ($)			3 Months Ended			12 Months Ended	150 Months Ended
	Feb. 14, 2023	Dec. 11, 2018	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2018	Dec. 31, 2016	Mar. 31, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Other current liabilities			$ 26,281,000				$ 26,281,000	$ 28,472,000
Other liabilities			13,476,000				13,476,000	12,108,000
New Idria Mercury Mine [Member]
Loss Contingencies [Line Items]
Financial assurance required to be provided to EPA to secure performance					$ 2,000,000
New Almaden Mine (Formerly Referred to as Guadalupe River Watershed) [Member] | Natural Resource Damage Claim [Member]
Loss Contingencies [Line Items]
Total reserve			4,400,000				4,400,000
Other current liabilities			300,000				300,000
Other liabilities			4,100,000				4,100,000
Expense recognized			0	$ 0
Revised estimated project cost			9,000,000
New Almaden Mine (Formerly Referred to as Guadalupe River Watershed) [Member] | Natural Resource Damage Claim [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Original estimated project costs						$ 3,300,000
New Almaden Mine (Formerly Referred to as Guadalupe River Watershed) [Member] | Natural Resource Damage Claim [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Original estimated project costs						$ 4,400,000
Patent Infringement [Member]
Loss Contingencies [Line Items]
Defense costs incurred		$ 13,300,000
Insurance coverage related to defense costs			10,000,000
Insurance Recoveries Receivable			500,000				500,000	$ 6,800,000
Legal fees and expenses			1,000,000
Payment From The Insurer			$ 700,000
Scepter Company [Member] | Ms.McCartney [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 30,000
Pending Litigation [Member] | New Idria Mercury Mine [Member] | EPA Notice Letter [Member]
Loss Contingencies [Line Items]
Payments made							11,600,000
Insurance recoveries							4,500,000
Loss contingency, Loss in period							$ 22,000,000

Contingencies - Schedule of Con

Contingencies - Schedule of Contingencies Reserve Balance (Details) - New Idria Mercury Mine [Member] - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Loss Contingencies [Line Items]
Beginning reserve balance		$ 13,182	$ 11,855
Changes in estimated environmental liability		0	1,600
Payments made	[1]	(867)	(2,731)
Ending reserve balance	[2]	12,315	10,724
Beginning receivable balance		7,245	6,000
Changes in estimated insurance recovery		300	1,100
Insurance recovery reimbursements		(525)	(876)
Ending receivable balance	[3]	$ 7,020	$ 6,224
[1] (3) Payments made for the three months ended March 31, 2023 include a $ 1.9 million payment related to a settlement agreement with the EPA to resolve the past costs claim, which Buckhorn paid in the first quarter of 2023. (1) As of March 31, 2024 , Buckhorn has a total ending reserve balance of $ 12.3 million related to the New Idria Mine, of which $ 6.2 million is classified in Other current liabilities and $ 6.1 million in Other liabilities (long-term). (2) As of March 31, 2024 , Buckhorn has a total receivable balance related to the probable insurance recovery of $ 7.0 million, of which $ 2.9 million is classified in Other a ccounts receivable and $ 4.1 million is classified in Other (long-term).

Contingencies - Schedule of C_2

Contingencies - Schedule of Contingencies Reserve Balance (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2024		Dec. 31, 2023	Dec. 31, 2022
EPA Notice Letter [Member]
Loss Contingencies [Line Items]
Accrual for environmental loss contingencies revision in estimates	$ 1,900
New Idria Mercury Mine [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies	$ 10,724	[1]	$ 12,315	[1]	$ 13,182	$ 11,855
Estimated Insurance Recoveries			7,000
New Idria Mercury Mine [Member] | Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies			$ 6,200
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]			Other Accrued Liabilities, Current
New Idria Mercury Mine [Member] | Other Noncurrent Liabilities [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies			$ 6,100
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]			Other Liabilities, Noncurrent
New Idria Mercury Mine [Member] | Accounts Receivable [Member]
Loss Contingencies [Line Items]
Estimated Insurance Recoveries			$ 2,900
New Idria Mercury Mine [Member] | Other Noncurrent Assets [Member]
Loss Contingencies [Line Items]
Estimated Insurance Recoveries			$ 4,100
[1] (1) As of March 31, 2024 , Buckhorn has a total ending reserve balance of $ 12.3 million related to the New Idria Mine, of which $ 6.2 million is classified in Other current liabilities and $ 6.1 million in Other liabilities (long-term).

Long-Term Debt and Loan Agree_3

Long-Term Debt and Loan Agreements - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Feb. 08, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt	$ 409,000	$ 400,000	$ 58,000
Less unamortized deferred financing fees	8,374		13
Long-term Debt, net of deferred financing costs	400,626		57,987
Less current portion long-term debt	19,581		25,998
Long-term Debt	381,045		31,989
Amended Loan Agreement - Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving Credit Facility	9,000		20,000
Amended Loan Agreement - Term Loan A [Member]
Debt Instrument [Line Items]
Long-term Debt	400,000		0
5.25% Senior Unsecured Notes due January 15, 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt	0		11,000
5.30% Senior Unsecured Notes due January 15, 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt	0		15,000
5.45% Senior Unsecured Notes due January 15, 2026 [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 0		$ 12,000

Long-Term Debt and Loan Agree_4

Long-Term Debt and Loan Agreements - Schedule of Long Term Debt (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2024
5.25% Senior Unsecured Notes due January 15, 2024 [Member]
Debt Instrument [Line Items]
Interest rate	5.25%
Debt instrument maturity date	Jan. 15, 2024
5.30% Senior Unsecured Notes due January 15, 2024 [Member]
Debt Instrument [Line Items]
Interest rate	5.30%
Debt instrument maturity date	Jan. 15, 2024
5.45% Senior Unsecured Notes due January 15, 2026 [Member]
Debt Instrument [Line Items]
Interest rate	5.45%
Debt instrument maturity date	Jan. 15, 2026

Long-Term Debt and Loan Agree_5

Long-Term Debt and Loan Agreements - Additional Information (Details) $ in Thousands					3 Months Ended
	May 02, 2024 USD ($)	Feb. 08, 2024 USD ($)	Feb. 06, 2024 USD ($)	Jan. 12, 2024 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023	Dec. 31, 2023 USD ($)	Sep. 29, 2022 USD ($)
Debt Instrument [Line Items]
Loan maturity period					2027-09
Long-term Debt		$ 400,000			$ 409,000		$ 58,000
Long-term Debt					381,045		31,989
Notes outstanding					400,626		57,987
Long-term debt - current portion					$ 19,581		25,998
Line of credit facility, interest rate description					Borrowings under the Amended Loan Agreement bear interest at the Term SOFR, RFR, SONIA, EURIBOR and CORRA-based borrowing rates. Amounts borrowed under the credit facility are secured by pledges to all of the Company's assets (except with respect to certain assets that are customarily excluded for the incurrence of such liens).
Gain (Loss) on Extinguishment of Debt			$ 100
Loan agreement amendment description		On February 8, 2024, the Company entered into Amendment No. 1 to the Seventh Amended and Restated Loan Agreement (“Amendment No. 1”), which amended the Seventh Amended and Restated Loan Agreement (the "Loan Agreement”) dated September 29, 2022 (collectively, the “Amended Loan Agreement”). Amendment No. 1, among other things, permitted the acquisition of Signature Systems and provided a new 5-year $400 million term loan facility			On September 29, 2022, the Company entered into a Seventh Amended and Restated Loan Agreement (the “Seventh Amendment”), which amended the Sixth Amended and Restated Loan Agreement (the "Sixth Amendment"), dated March 12, 2021. The Seventh Amendment, among other things, extended the maturity date to September 2027 from March 2024.
Subsequent Event [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Derivative, Notional Amount	$ 200,000
Debt effective rate	4.606%
Maturity date	Jan. 31, 2029
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Repayments of Senior Debt				$ 26,000
Repayments of Debt			$ 12,000
Amendment No One To The Seventh Amended [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on line of credit		$ 250,000
Financing Receivable, Deferred Commitment Fee		$ 9,200			$ 1,600		$ 1,100
Loan Agreement [Member]
Debt Instrument [Line Items]
Remaining amount available under the line of credit					235,400
Letters of credit					$ 5,600
Debt weighted average interest rate1					8.93%	6.43%
Seventh and Sixth Amendment [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on line of credit					$ 250,000
Loan maturity period					2024-03
Term Loan A [Member]
Debt Instrument [Line Items]
Loan maturity period		2029-02
Financing Receivable, Deferred Commitment Fee		$ 8,500			$ 8,400
Quarterly installment payments		5,000
Debt instrument periodic payment, thereafter		$ 10,000
Debt Instrument Covenant Period Two [Member] | Amendment No One To The Seventh Amended [Member]
Debt Instrument [Line Items]
Line of Credit Facility Covenant Terms Maximum Leverage Coverage Ratio		0.04
Debt Instrument Covenant Period Three [Member] | Amendment No One To The Seventh Amended [Member]
Debt Instrument [Line Items]
Line of Credit Facility Covenant Terms Maximum Leverage Coverage Ratio		0.0325
Alternate base rate | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.775%
Alternate base rate | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.35%
SOFR,RFR,SONIA,EURIBOR,CORRA Based borrowing [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.775%
SOFR,RFR,SONIA,EURIBOR,CORRA Based borrowing [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.35%
Other Assets [Member]
Debt Instrument [Line Items]
Deferred financing fees								$ 900
Revolving Credit Facility		$ 700

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Taxes [Line Items]
Effective tax rate for the year	27%	25%
Income tax examination, description	The Company and its subsidiaries file U.S. Federal, state and local, and non-U.S. income tax returns. As of March 31, 2024, the Company is no longer subject to U.S. Federal examination by tax authorities for tax years before 2020.
State and Local [Member]
Income Taxes [Line Items]
Income tax examination for tax years	2019 2020 2021 2022
Non-U.S [Member]
Income Taxes [Line Items]
Income tax examination for tax years	2019 2020 2021 2022

Leases - Additional Information

Leases - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024
Lessee Lease Description [Line Items]
Lessee, operating lease, renewal term	5 years
Operating lease, option to terminate	Certain of these leases include options to extend the lease for up to five years, and some include options to terminate the lease early.
Minimum [Member]
Lessee Lease Description [Line Items]
Facility lease period	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Facility lease period	12 years

Leases - Summary of Amounts Inc

Leases - Summary of Amounts Included in the Condensed Consolidated Statement of Financial Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Operating lease assets	$ 34,560	$ 27,989
Finance lease assets	$ 8,483	$ 8,668
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Total lease assets	$ 43,043	$ 36,657
Liabilities:
Current	6,708	5,943
Long-term	27,195	22,352
Total operating lease liabilities	33,903	28,295
Current	604	593
Long-term	8,461	8,615
Total finance lease liabilities	9,065	9,208
Total lease liabilities	$ 42,968	$ 37,503

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Lessee Lease Description [Line Items]
Lease, Cost, Total		$ 2,964	$ 2,661
Cost of Sales [Member]
Lessee Lease Description [Line Items]
Total operating lease cost	[1]	1,732	1,553
Amortization expense		185	172
Selling, General and Administrative Expenses [Member]
Lessee Lease Description [Line Items]
Total operating lease cost	[1]	964	855
Interest Expense, Net [Member]
Lessee Lease Description [Line Items]
Interest expense on lease liabilities		$ 83	$ 81
[1] Includes short-term leases and variable lease costs, which are immaterial

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 2,007	$ 1,880
Operating cash flows from finance leases	83	81
Financing cash flows from finance leases	143	129
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	4,417	1,190
Finance leases	$ 0	$ 0

Leases - Summary of Lease Term

Leases - Summary of Lease Term and Discount Rate (Details)	Mar. 31, 2024	Dec. 31, 2023
Lessee Disclosure [Abstract]
Weighted-average remaining lease term (years), operating leases	5 years 4 months 2 days	5 years 8 months 1 day
Weighted-average remaining lease term (years), finance leases	11 years 8 months 26 days	11 years 11 months 26 days
Weighted-average discount rate, operating leases	5.90%	4.70%
Weighted-average discount rate, finance leases	3.70%	3.70%

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Operating And Finance Lease Liability Payments Due [Abstract]
Operating Leases, 2024	[1]	$ 6,353
Operating Leases, 2025		8,346
Operating Leases, 2026		7,373
Operating Leases, 2027		6,317
Operating Leases, 2028		4,657
Operating Leases, After 2028		6,025
Total operating lease payments		39,071
Less: interest		(5,168)
Present value of operating lease liabilities		33,903	$ 28,295
Finance Leases, 2024	[1]	693
Finance Leases, 2025		924
Finance Leases, 2026		924
Finance Leases, 2027		945
Finance Leases, 2028		950
Finance Leases, After 2028		6,708
Total finance lease payments		11,144
Less: interest		(2,079)
Present value of finance lease liabilities		9,065	$ 9,208
2024	[1]	7,046
2025		9,270
2026		8,297
2027		7,262
2028		5,607
After 2028		12,733
Total lease payments		50,215
Less: interest		(7,247)
Present value of lease liabilities		$ 42,968
[1] Represents amounts due in 2024 after March 31, 2024

Segments - Additional Informati

Segments - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) Segment	Mar. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Net sales	$ 207,102	$ 215,739
Foreign Countries [Member]
Segment Reporting Information [Line Items]
Net sales	$ 9,900	$ 12,500

Segments - Schedule of reportin

Segments - Schedule of reporting information by segment (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net sales		$ 207,102	$ 215,739
Total operating income		10,879	18,957
Interest expense, net		(6,079)	(1,646)
Income before income taxes		4,800	17,311
Operating Segments [Member] | Material Handling [Member]
Segment Reporting Information [Line Items]
Net sales		152,225	152,562
Total operating income	[1],[2]	22,256	25,351
Operating Segments [Member] | Distribution [Member]
Segment Reporting Information [Line Items]
Net sales		54,894	63,185
Total operating income		605	2,237
Inter-company sales [Member]
Segment Reporting Information [Line Items]
Net sales		(17)	(8)
Corporate [Member]
Segment Reporting Information [Line Items]
Total operating income	[2],[3]	$ (11,982)	$ (8,631)
[1] (2) The Company recognized $ 3.1 million of non-cash inventory step-up that was amortized to Cost of sales for the quarter ended March 31, 2024 related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, as described in Note 3. (3) The Company incurred $ 3.4 million of acquisition related costs associated with the Signature acquisition, as described in Note 3, for the quarter ended March 31, 2024 , of which $ 3.3 million and $ 0.1 million are included in Corporate and Material Handling's results, respectively. (1) The Company recognized $( 0.3 ) million and $ 0.5 million of expense to the estimated environmental reserve, net of probable insurance recoveries for the quarters ended March 31, 2024 and 2023 , respectively, as described in Note 10. Environmental charges are not included in segment results and are shown with Corporate.

Segments - Schedule of report_2

Segments - Schedule of reporting information by segment (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Expense (income) from changes to estimated environmental reserve	$ (0.3)	$ 0.5
Non Cash Inventory	3.1
Acquisition Related Costs	3.4
Material Handling [Member]
Segment Reporting Information [Line Items]
Acquisition Related Costs	0.1
Corporate [Member]
Segment Reporting Information [Line Items]
Acquisition Related Costs	$ 3.3