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Supplemental Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2026
Supplemental Income Statement Elements [Abstract] |
Schedule of Restructuring and Impairment Charges | The components of the “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, were as follows:
| Three Months Ended |  |
(Dollars in millions) | March 31, 2026 |  | March 31, 2025 |  |  |  |
Restructuring charges |  |  |  |  |  |  |
Manufacturing footprint consolidation | $ | 4.4 |  |  | $ | 4.0 |  |  |  |  |
Global workforce reduction | 0.5 |  |  | 1.8 |  |  |  |  |
Executive leadership transition | 0.8 |  |  | — |  |  |  |  |
Other | — |  |  | 0.1 |  |  |  |  |
Total restructuring charges | 5.7 |  |  | 5.9 |  |  |  |  |
Impairment charges |  |  |  |  |  |  |
Lease impairment charges | 0.2 |  |  | — |  |  |  |  |
Total impairment charges | 0.2 |  |  | — |  |  |  |  |
Total restructuring and impairment charges | $ | 5.9 |  |  | $ | 5.9 |  |  |  |  |
The following table summarizes the allocation of restructuring and impairment charges to our operating and reportable segments:
| Three Months Ended |  |
(Dollars in millions) | March 31, 2026 |  | March 31, 2025 |  |  |  |
Advanced Electronics Solutions |  |  |  |  |  |  |
Allocated restructuring charges | $ | 5.2 |  |  | $ | 4.7 |  |  |  |  |
Allocated impairment charges | 0.2 |  |  | — |  |  |  |  |
Elastomeric Material Solutions |  |  |  |  |  |  |
Allocated restructuring charges | 0.5 |  |  | 1.2 |  |  |  |  |
Total restructuring and impairment charges | $ | 5.9 |  |  | $ | 5.9 |  |  |  |  |
Schedule of Severance Activity | Remaining severance and related benefits to be paid for the manufacturing footprint consolidation, global workforce reduction, and executive leadership transition restructuring projects is presented in the table below for the period ending March 31, 2026:
(Dollars in thousands) | Restructuring Severance and Related Benefits
Balance as of December 31, 2025 | $ | 10.2 |
Provisions | 5.5 |
Payments | (7.3) |
Foreign currency translation adjustment | (0.1) |
Balance as of March 31, 2026 | $ | 8.3 |
Schedule of Other Nonoperating Income (Expense) | The components of the “Other income (expense), net” line item in the condensed consolidated statements of operations, were as follows:
| Three Months Ended |  |
(Dollars in millions) | March 31, 2026 |  | March 31, 2025 |  |  |  |
Foreign currency translation impacts | $ | 1.3 |  |  | $ | (1.3) |  |  |  |  |
Foreign currency derivative impacts | (1.0) |  |  | (0.2) |  |  |  |  |
Copper derivative impacts | — |  |  | 0.2 |  |  |  |  |
Other | — |  |  | (0.3) |  |  |  |  |
Total other income (expense), net | $ | 0.3 |  |  | $ | (1.6) |  |  |  |  |
Schedule of Components of Interest Income (Expense), Net | The components of “Interest income (expense), net” line item in the condensed consolidated statements of operations, were as follows:
| Three Months Ended |  |
(Dollars in millions) | March 31, 2026 |  | March 31, 2025 |  |  |  |
Line of credit fees | (0.3) |  |  | (0.3) |  |  |  |  |
Debt issuance amortization costs | (0.1) |  |  | (0.1) |  |  |  |  |
Interest income | 0.8 |  |  | 0.8 |  |  |  |  |
Other | (0.1) |  |  | (0.1) |  |  |  |  |
Total interest income (expense), net | $ | 0.3 |  |  | $ | 0.3 |  |  |  |  |

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