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ACCRUED LIABILITIES | 6 Months Ended
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Jun. 30, 2025
ACCRUED LIABILITIES |
ACCRUED LIABILITIES | 9. ACCRUED LIABILITIES Accrued liabilities consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2025 |  | 2024
Compensation and fringe benefits | ​ | $ | 14,850 | ​ | $ | 13,134
Warranty reserve | ​ |  | 2,301 | ​ |  | 1,966
Income taxes payable | ​ | ​ | 387 | ​ | ​ | 1,472
Operating lease liabilities – current | ​ | ​ | 5,370 | ​ | ​ | 5,088
Finance lease obligations – current | ​ | ​ | 466 | ​ | ​ | 448
Contract liabilities | ​ | ​ | 3,094 | ​ | ​ | 2,292
Restructuring related accruals | ​ | ​ | 1,610 | ​ | ​ | —
Other accrued expenses | ​ |  | 6,496 | ​ |  | 5,821
​ | ​ | $ | 34,574 | ​ | $ | 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. ​ Restructuring expenses for this initiative, which are included in restructuring and business realignment costs in the condensed consolidated statement of income and comprehensive income, are as follows: ​
​ | ​ | ​ | ​
​ | ​ | ​
​ | ​ | Restructuring
​ |  | related accruals
​ | ​ | ​ | ​
December 31, 2024 | ​ | $ | —
Expenses incurred | ​ | ​ | 1,499
Payments | ​ | ​ | (354)
March 31, 2025 | ​ | ​ | 1,145
Expenses incurred | ​ |  | 1,122
Payments | ​ | ​ | (657)
June 30, 2025 | ​ | $ | 1,610
​

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