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Exit Activity Costs and Asset Impairments
3 Months Ended
Mar. 31, 2026
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 reorganizing the Company's manufacturing footprint, outsourcing or discontinuing low-volume, low margin products, or selling or exiting less profitable businesses or product lines. 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 three months ended March 31, 2026.
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
March 31,
20262025
Exit ActivityAsset ImpairmentTotalExit ActivityAsset ImpairmentTotal
Residential$1,965 $274 $2,239 $1,137 $— $1,137 
Agtech62 (7)55 68 — 68 
Infrastructure— — — — — — 
Corporate16 — 16 31 — 31 
Total$2,043 $267 $2,310 $1,236 $— $1,236 
The following table provides a summary of where the exit activity costs and asset impairments were recorded in the consolidated statements of operations (in thousands):
Three Months Ended
March 31,
20262025
Cost of sales$445 $234 
Selling, general, and administrative expense1,865 1,002 
Total exit activity and asset impairment charges $2,310 $1,236 
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):
20262025
Balance at January 1$815 $121 
Exit activity costs recognized2,043 1,236 
Cash payments(1,649)(837)
Balance at March 31$1,209 $520