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RESTRUCTURING AND OTHER EXIT ACTIVITIES | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND OTHER EXIT ACTIVITIES | NOTE 24: RESTRUCTURING AND OTHER EXIT ACTIVITIES In October of 2023, the Company made an announcement regarding its restructuring plans to adjust its manufacturing capacity and increase operating efficiency, including terminating the manufacturing process in Mexico, reducing manufacturing capacity in China, and discontinuing the Company’s LCV activity. The program is expected to be completed by the end of the first half of 2024. These decisions were made in order to better align the Company with current market conditions. The Company determined that the discontinuation of the LCV activity does not represent a strategic shift that will have a major effect on the Company's operations and financial results and therefore it did not meet the criteria for discontinued operations classification. Restructuring and other exit charges for the year ended December 31, 2023 by segments and type of cost were as follows:
|  | Solar |  |  | e-Mobility |  |  |  |
|  | Employee termination costs |  |  | Contract termination and other |  |  | Employee termination costs |  |  | Inventory write-down |  |  | Contract termination and other |  |  | Total |
Cost of revenues |  | $ | 2,561 |  |  | $ | 20,593 |  |  | $ | - |  |  | $ | 27,158 |  |  | $ | 9,489 |  |  | $ | 59,801 |
Sales and marketing |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | 4 |
General and administrative |  |  | - |  |  |  | - |  |  |  | 297 |  |  |  | - |  |  |  | 87 |  |  |  | 384 |
Total |  | $ | 2,561 |  |  | $ | 20,593 |  |  | $ | 301 |  |  | $ | 27,158 |  |  | $ | 9,576 |  |  | $ | 60,189 |
For the year ended December 31, 2022, the Company recorded $4,314 of inventory write-downs in cost of revenues as a result of Critical Power's discontinuation. The Company did not record any restructuring and other exit activities costs for the year ended December 31, 2021 The Company’s liability balance for the restructuring and other exit charges is as follows:
|  | Employee termination costs |  |  | Inventory write-down 1 |  |  | Contract termination and other |
Balance as of January 1, 2023 |  | $ | - |  |  | $ | - |  |  | $ | - |
Charges |  |  | 2,862 |  |  |  | 27,158 |  |  |  | 30,169 |
Cash payments |  |  | (548 | ) |  |  | - |  |  |  | - |
Foreign currency adjustments |  |  | 59 |  |  |  | 616 |  |  |  | 224 |
Balance as of December 31, 2023 |  | $ | 2,373 |  |  | $ | 27,774 |  |  | $ | 30,393 |
1 Inventory write-down is included under Inventories, net on the balance sheet. The total amount expected to be incurred for restructuring and other exit charges, which primarily consists of contract terminations related to the solar segment, is $10,558.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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