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Note 21 - Restructuring and Impairment | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Restructuring, Impairment, and Other Activities Disclosure [Text Block] | 21. Restructuring and Impairment In January 2024, the Company implemented the 2024 Cost Savings Program, primarily in the form of restructuring charges for headcount reductions in both the Work Truck Attachments segment and corporate functions. For the year ended December 31, 2024, $1,997 in pre-tax restructuring charges were recorded related to workforce reduction costs and other related expenses and are included in Cost of sales and Selling, general, and administrative expense in the Consolidated Statements of Income. The Company's restructuring expenses are comprised of the following:
|  | Year Ended December 31, |
|  | 2024 |
Severance and employee costs |  | $ | 930 |
Write down of property, plant and equipment |  |  | 333 |
Legal, consulting and other costs |  |  | 734 |
Total |  | $ | 1,997 |
The following table summarizes the changes in the Company's accrued restructuring balance, which are included in Accrued expenses and other current liabilities in the accompanying Consolidated Balance Sheets. Such costs have been substantially all paid as of December 31, 2024.
Balance at December 31, 2023 |  | $ | - |
Restructuring charges |  |  | 1,445 |
Payments |  |  | (1,445 | )
Balance at December 31, 2024 |  | $ | - |
In conjunction with the 2024 Cost Savings Program, impairment charges of $1,224 were recorded in the Consolidated Statements of Income for the year ended December 31, 2024 related to certain internally developed software at the Company's Work Truck Attachments segment representing the full capitalized value of the software. In addition, management evaluated its assets outside of the internally developed software described above and determined that there were no indicators of impairment.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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