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EXIT OR DISPOSAL COSTS
 12 Months Ended
Dec. 31, 2023
RESTRUCTURING COSTS  
EXIT OR DISPOSAL COSTS

12.EXIT OR DISPOSAL COSTS

On November 8, 2022, the Company approved a plan to implement cost reduction programs and lean manufacturing initiatives the structurally reduce our cost basis. The plan involved the closure of the Company’s manufacturing facility in Bossier City, Louisiana, and a reduction to the Company’s workforce. The Company incurred charges for employee severance and related costs, as well as fixed asset and facility related expenses, of approximately $0.5 million and $1.6 million during the years ended December 31, 2023 and 2022, respectively.

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During the second and third quarters of 2023, the Company initiated an additional plan focused on efforts to improve efficiencies and decrease costs. The plan involved a reduction in the Company’s workforce as well as closures

of various manufacturing facilities. During the year ended December 31, 2023, the Company recognized costs related to the plan totaling $2.8 million, comprised primarily of $1.1 million for severance and related costs and $1.7 million relating to the facility closures. These charges were included in cost of sales and selling, general, and administrative expenses in the consolidated statements of operations. The Company had an exit or disposal cost related liability of $0.2 million as of December 31, 2023 and no liability as of December 31, 2022.