XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

RESTRUCTURING COSTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Reserve Activities | The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis:
In thousands | Restructuring Liability as of December 31, 2023 |  | Provision |  | Cash Payments |  | Restructuring Liability as of June 30, 2024
Aerospace & Industrial |  |  |  |  |  |  |
Severance | $ | — |  |  | $ | 835 |  |  | $ | (770) |  |  | $ | 65 |
Facility closure and other costs | — |  |  | 392 |  |  | (92) |  |  | 300 |
Total Aerospace & Industrial | $ | — |  |  | $ | 1,227 |  |  | $ | (862) |  |  | $ | 365 |
Defense Electronics |  |  |  |  |  |  |
Severance | $ | — |  |  | $ | 526 |  |  | $ | (368) |  |  | $ | 158 |
Facility closure and other costs | — |  |  | — |  |  | — |  |  | — |
Total Defense Electronics | $ | — |  |  | $ | 526 |  |  | $ | (368) |  |  | $ | 158 |
Naval & Power |  |  |  |  |  |  |
Severance | $ | — |  |  | $ | 198 |  |  | $ | (198) |  |  | $ | — |
Facility closure and other costs | — |  |  | — |  |  | — |  |  | — |
Total Naval & Power | $ | — |  |  | $ | 198 |  |  | $ | (198) |  |  | $ | — |
Consolidated (including Corporate) |  |  |  |  |  |  |
Severance | $ | — |  |  | $ | 1,776 |  |  | $ | (1,345) |  |  | $ | 431 |
Facility closure and other costs | — |  |  | 1,142 |  |  | (124) |  |  | 1,018 |
Total consolidated | $ | — |  |  | $ | 2,918 |  |  | $ | (1,469) |  |  | $ | 1,449 |
Schedule of Pre-tax Restructuring Charges | A reconciliation of total pre-tax restructuring charges is as follows:
| Affected line item in the Condensed Consolidated Statement of Earnings |
| Six months ended
(In thousands) | June 30, 2024
Inventory write-downs | Cost of product sales | $ | 1,394 |
Severance, facility closure, and other costs | Restructuring expenses | 2,918 |
Total restructuring charges | Earnings before income taxes | $ | 4,312 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration