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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Group, Including Discontinued Operations |
| March 31, 2026 |  | December 31, 2025
Assets of the discontinued operations: |  |  |
Trade receivables, net | $ | 43,142 |  |  | $ | 56,382 |
Costs in excess of billings, net | 14,772 |  |  | 19,390 |
Inventories, net | 26,164 |  |  | 30,954 |
Prepaid expenses and other current assets | 5,884 |  |  | 4,540 |
Property, plant, and equipment, net | 20,562 |  |  | 21,446 |
Operating lease assets | 3,932 |  |  | 5,084 |
Goodwill | 152,215 |  |  | 184,230 |
Acquired intangibles | 46,026 |  |  | 46,303 |
Impairment and remeasurement adjustments | (223,414) |  |  | (175,967) |
Total assets classified as discontinued operations (1) | $ | 89,283 |  |  | $ | 192,362 |
Liabilities of the discontinued operations: |  |  |
Accounts payable | $ | 23,574 |  |  | $ | 28,320 |
Accrued expenses | 51,397 |  |  | 27,135 |
Billings in excess of costs | 34,462 |  |  | 34,202 |
Non-current operating lease liabilities | 2,879 |  |  | 3,463 |
Total liabilities classified as discontinued operations (1) | $ | 112,312 |  |  | $ | 93,120 |
(1) Total held for sale assets and liabilities of the discontinued operations are classified as current on the March 31, 2026 and December 31, 2025 consolidated balance sheets as it is probable that the sale will occur and proceeds will be collected within one year from the date the Company committed to the plan to sell. At March 31, 2026, accrued expenses included within total liabilities classified as discontinued operations included amounts attributable to certain unresolved warranty claims related to the discontinued operation which had been disputed by the Company. The Company has reached an agreement to settle these warranty claims in the amount of $25.0 million. The Company expects the settlement to be paid during the second quarter of 2026. The following table is the components of the loss before taxes from discontinued operations before tax (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Net sales | $ | 49,386 |  |  | $ | 43,658 |  |  |  |  |
Operating expenses | 83,540 |  |  | 46,803 |  |  |  |  |
Remeasurement adjustment | 47,447 |  |  | — |  |  |  |  |
Other (income) expenses, net | (21,730) |  |  | 18 |  |  |  |  |
Loss before taxes from discontinued operations | $ | (59,871) |  |  | $ | (3,163) |  |  |  |  |

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