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Supplemental Financial Information (Tables)
3 Months Ended
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, 2026March 31, 2025
Restructuring charges
Manufacturing footprint consolidation$4.4 $4.0 
Global workforce reduction0.5 1.8 
Executive leadership transition0.8 — 
Other 0.1 
Total restructuring charges5.7 5.9 
Impairment charges
Lease impairment charges0.2 — 
Total impairment charges0.2 — 
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, 2026March 31, 2025
Advanced Electronics Solutions
Allocated restructuring charges$5.2 $4.7 
Allocated impairment charges0.2 — 
Elastomeric Material Solutions
Allocated restructuring charges0.5 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 
Provisions5.5 
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, 2026March 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, 2026March 31, 2025
Line of credit fees(0.3)(0.3)
Debt issuance amortization costs(0.1)(0.1)
Interest income0.8 0.8 
Other(0.1)(0.1)
Total interest income (expense), net$0.3 $0.3