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Restructuring and Integration Expenses (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Related to the Separation Program Workforce Reduction

Activity for the nine months ended September 30, 2024 related to the separation program workforce reduction consisted of the following (in thousands):

Exit activity liability at December 31, 2023			$	—
Restructuring and integration costs:
Amounts provided for during 2024 (a)			5,602
Stock-based compensation			150
Cash payments			(959)
Foreign currency exchange rate changes			1
Exit activity liability at September 30, 2024			$	4,794

(a)Restructuring and integration expenses incurred during the nine months ended September 30, 2024 consist of $2.7 million in our Vehicle Control segment, $0.6 million in our Temperature Control segment, $0.6 million in our Engineered Solutions segment and $1.7 million in our Other segment.

tivity for the nine months ended September 30, 2024 related to the cost reduction initiative consisted of the following (in thousands):

			Workforce Reduction						Other Exit Costs						Total
Exit activity liability at December 31, 2023			$	1,729					$	—					$	1,729
Restructuring and integration costs:
Amounts provided for during 2024 (a)			(45)						217						172
Cash payments			(1,315)						(217)						(1,532)
Foreign currency exchange rate changes			(22)						—						(22)
Exit activity liability at September 30, 2024			$	347					$	—					$	347

(a)Restructuring and integration expenses incurred during the nine months ended September 30, 2024 consist of $61 thousand in our Vehicle Control segment, $59 thousand in our Temperature Control segment and $52 thousand in our Engineered Solutions segment.

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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