Investment in Unconsolidated Joint Venture |
9 Months Ended |
|---|---|
Sep. 30, 2024 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| Investment in Unconsolidated Joint Venture | (9) Investment in Unconsolidated Joint Venture The Company has a 50% interest in Industrial Media, LLC ("IM, LLC") with the other 50% owned by Rich Media Group, LLC. IM, LLC primarily manages content creation, advertising sales, and marketing initiatives for the Industrial Engineering News brand, certain magazines, videos, website and associated electronic media products for industrial engineers. The Company receives dividends from IM, LLC, which are recorded as a reduction to the Company's investment in unconsolidated joint venture on our Condensed Consolidated Balance Sheets. For the three months ended September 30, 2024 and 2023, the Company received dividends of $0.1 million and $0.2 million, respectively, and for the nine months ended September 30, 2024 and 2023, the Company received dividends of $0.4 million and $0.3 million, respectively. The Company recorded expense to IM, LLC of $0.1 million for both the three months ended September 30, 2024 and 2023 and $0.2 million for both the nine months ended September 30, 2024 and 2023. |