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Exit Activity Costs and Asset Impairments | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS | EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS The Company periodically undertakes restructuring initiatives as part of its focus to improve operating performance and optimize its business portfolio. These initiatives have led to outsourcing or discontinuing low-volume, low margin products, selling or exiting less profitable businesses or product lines, or reorganizing the Company's manufacturing footprint. As a result, the Company has incurred costs related to discrete restructuring events for moving and closing facilities, severance and inventory write-downs during the six months ended June 30, 2025. The following tables set forth the exit activity costs and asset impairment charges (recoveries) incurred by segment related to the restructuring activities described above (in thousands):
| Three Months Ended June 30,
| 2025 |  | 2024
| Exit Activity |  | Asset Impairment |  | Total |  | Exit Activity |  | Asset Impairment |  | Total
Residential | $ | 1,218 |  |  | $ | — |  |  | $ | 1,218 |  |  | $ | 145 |  |  | $ | — |  |  | $ | 145 |
Agtech | 207 |  |  | 157 |  |  | 364 |  |  | 11 |  |  | — |  |  | 11 |
Infrastructure | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Corporate | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Total | $ | 1,425 |  |  | $ | 157 |  |  | $ | 1,582 |  |  | $ | 160 |  |  | $ | — |  |  | $ | 160 |
| Six Months Ended June 30,
| 2025 |  | 2024
| Exit Activity |  | Asset Impairment |  | Total |  | Exit Activity |  | Asset Impairment |  | Total
Residential | $ | 2,355 |  |  | $ | — |  |  | $ | 2,355 |  |  | $ | 145 |  |  | $ | (72) |  |  | $ | 73 |
Agtech | 275 |  |  | 157 |  |  | 432 |  |  | 149 |  |  | — |  |  | 149 |
Infrastructure | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Corporate | 31 |  |  | — |  |  | 31 |  |  | 4 |  |  | — |  |  | 4 |
Total | $ | 2,661 |  |  | $ | 157 |  |  | $ | 2,818 |  |  | $ | 298 |  |  | $ | (72) |  |  | $ | 226 |
The following table provides a summary of where the exit activity costs and asset impairments were recorded in the consolidated statements of income (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of sales | $ | 346 |  |  | $ | 11 |  |  | $ | 580 |  |  | $ | (61) |
Selling, general, and administrative expense | 1,236 |  |  | 149 |  |  | 2,238 |  |  | 287 |
Total exit activity and asset impairment charges | $ | 1,582 |  |  | $ | 160 |  |  | $ | 2,818 |  |  | $ | 226 |
The following table reconciles the beginning and ending liability for exit activity costs recorded in current accrued expenses on the consolidated balance sheets relating to the Company’s restructuring efforts (in thousands):
| 2025 |  | 2024
Balance at January 1 | $ | 121 |  |  | $ | 23 |
Exit activity costs recognized | 2,661 |  |  | 298 |
Cash payments | (2,256) |  |  | (176) |
Balance at June 30 | $ | 526 |  |  | $ | 145 |

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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 S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: 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 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: 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 + Details
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