XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.1

ACCRUED LIABILITIES | 3 Months Ended
--- | ---
Mar. 31, 2025
ACCRUED LIABILITIES |
ACCRUED LIABILITIES | 9. ACCRUED LIABILITIES Accrued liabilities consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2025 |  | 2024
Compensation and fringe benefits | ​ | $ | 12,174 | ​ | $ | 13,134
Warranty reserve | ​ |  | 2,050 | ​ |  | 1,966
Income taxes payable | ​ | ​ | 1,106 | ​ | ​ | 1,472
Operating lease liabilities – current | ​ | ​ | 5,183 | ​ | ​ | 5,088
Finance lease obligations – current | ​ | ​ | 457 | ​ | ​ | 448
Contract liabilities | ​ | ​ | 2,674 | ​ | ​ | 2,292
Restructuring related accruals | ​ | ​ | 1,145 | ​ | ​ | —
Other accrued expenses | ​ |  | 7,639 | ​ |  | 5,821
​ | ​ | $ | 32,428 | ​ | $ | 30,221
​ In line with the Company’s Simplify to Accelerate NOW strategy, during the first quarter of 2025, the Company began to create a state-of-the-art Machining Center of Excellence at the facility in Dothan, Alabama. Assembly operations from Dothan have begun to be merged into facilities in Tulsa, Oklahoma and Reynosa, Mexico. ​ Costs associated with this realignment are expected to be approximately $4 to $5 million and relate primarily to employee severance and other personnel-related expenses. These expenses are expected to be substantially incurred and paid by the end of 2025. ​ As of March 31, 2025, $1,499 of accrued expenses have been incurred relating to our Simplify to Accelerate NOW initiatives. These expenses are included in acquisition and integration-related costs in the condensed consolidated statement of income and comprehensive income. ​
​ | ​ | ​ | ​
​ | ​ | Three months ended
​ | ​ | March 31,
​ |  | 2025
Beginning balance | ​ | $ | —
Expenses incurred | ​ |  | 1,499
Payments | ​ | ​ | (354)
Ending balance | ​ | $ | 1,145
​

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccruedLiabilitiesCurrentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration