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Restructuring (Tables) | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Summary of Restructuring Charges | The restructuring charges noted above for the quarter and six months ended June 30, 2025 and 2024, respectively, are presented in the Condensed Consolidated Statements of Operations (Unaudited) as follows:
|  |  | For the Quarter Ended June 30, |
|  |  | 2025 |  |  | 2024 |
Segment |  |  | Cost of Sales |  |  | SG&A |  |  | Total |  |  | Cost of Sales |  |  | SG&A |  |  | Total |
Material Handling |  |  | $ | 388 |  |  | $ | 663 |  |  | $ | 1,051 |  |  | $ | 2,223 |  |  | $ | — |  |  | $ | 2,223 |
Distribution |  |  |  | — |  |  |  | 2,169 |  |  |  | 2,169 |  |  |  | 488 |  |  |  | 267 |  |  |  | 755 |
Corporate |  |  |  | — |  |  |  | 1,197 |  |  |  | 1,197 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | $ | 388 |  |  | $ | 4,029 |  |  | $ | 4,417 |  |  | $ | 2,711 |  |  | $ | 267 |  |  | $ | 2,978 |
|  |  | For the Six Months Ended June 30, |
|  |  | 2025 |  |  | 2024 |
Segment |  |  | Cost of Sales |  |  | SG&A and Other (1) |  |  | Total |  |  | Cost of Sales |  |  | SG&A |  |  | Total |
Material Handling |  |  | $ | 496 |  |  | $ | 663 |  |  | $ | 1,159 |  |  | $ | 2,464 |  |  | $ | — |  |  | $ | 2,464 |
Distribution |  |  |  | — |  |  |  | 2,980 |  |  |  | 2,980 |  |  |  | 488 |  |  |  | 267 |  |  |  | 755 |
Corporate |  |  |  | — |  |  |  | 2,306 |  |  |  | 2,306 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | $ | 496 |  |  | $ | 5,949 |  |  | $ | 6,445 |  |  | $ | 2,952 |  |  | $ | 267 |  |  | $ | 3,219 |
(1) Amounts included in SG&A and Other, for the six months ended June 30, 2025 include a $0.5 million charge related to the facility consolidations, discussed above, that is classified within (Gain) loss on disposal of fixed assets on the Condensed Consolidated Statements of Operations (Unaudited).
Summary of Restructuring Liabilities | Restructuring liabilities are included in other current liabilities on the Condensed Consolidated Balance Sheets (Unaudited). The change in other current liabilities for the six months ended June 30, 2025 was as follows:
|  | Employee Reduction |  |  | Facility Consolidations |  |  | Other Exit Costs (1) |  |  | Total |
Balance at December 31, 2024 |  | $ | — |  |  | $ | — |  |  | $ | 962 |  |  | $ | 962 |
Charges to expense |  |  | 1,215 |  |  |  | 2,645 |  |  |  | 2,585 |  |  |  | 6,445 |
Cash payments |  |  | (369 | ) |  |  | (1,219 | ) |  |  | (672 | ) |  |  | (2,260 | )
Non-cash activity |  |  | 171 |  |  |  | (480 | ) |  |  | — |  |  |  | (309 | )
Balance at June 30, 2025 |  | $ | 1,017 |  |  | $ | 946 |  |  | $ | 2,875 |  |  | $ | 4,838 |
(1) Other exit costs consist primarily of executive transition and other related costs. Subsequent event – Restructuring charges On July 23, 2025, the Company's Board of Directors approved launching a strategic review of Myers Tire Supply, which is included in the Distribution segment. Revenue from this business was $189 million over the last twelve months, ending June 30, 2025. On July 31, 2025, the Company announced as part of its Focused Transformation initiatives, a plan to idle two of its rotational molding production facilities and to consolidate that production into other facilities. These actions are expected to result in additional annual savings of at least $3 million and the Company expects to incur up to $14 million in restructuring costs to complete the initiative, including costs related to employee severance, machine moves, asset impairments and costs related to the long-term facility leases.

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- Definition Schedule of restructuring charges. + References No definition available. + Details
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- Definition Tabular 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: 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) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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