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Restructuring (Tables)
 9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Charges

The restructuring charges noted above for the quarter and nine months ended September 30, 2025 and 2024, respectively, are presented in the Condensed Consolidated Statements of Operations (Unaudited) as follows:

 

 

 

For the Quarter Ended September 30,

 

 

 

 

2025

 

 

2024

 

Segment

 

 

Cost of
Sales

 

 

SG&A

 

 

Total

 

 

Cost of
Sales

 

 

SG&A

 

 

Total

 

Material Handling

 

 

$

1,102

 

 

$

370

 

 

$

1,472

 

 

$

1,160

 

 

$

236

 

 

$

1,396

 

Distribution

 

 

 

—

 

 

 

71

 

 

 

71

 

 

 

51

 

 

 

169

 

 

 

220

 

Corporate

 

 

 

—

 

 

 

1,675

 

 

 

1,675

 

 

 

—

 

 

 

417

 

 

 

417

 

Total

 

 

$

1,102

 

 

$

2,116

 

 

$

3,218

 

 

$

1,211

 

 

$

822

 

 

$

2,033

 

 

 

 

 

For the Nine Months Ended September 30,

 

 

 

 

2025

 

 

2024

 

Segment

 

 

Cost of
Sales

 

 

SG&A and Other (1)

 

 

Total

 

 

Cost of
Sales

 

 

SG&A

 

 

Total

 

Material Handling

 

 

$

1,598

 

 

$

1,033

 

 

$

2,631

 

 

$

3,624

 

 

$

236

 

 

$

3,860

 

Distribution

 

 

 

—

 

 

 

3,051

 

 

 

3,051

 

 

 

539

 

 

 

436

 

 

 

975

 

Corporate

 

 

 

—

 

 

 

3,981

 

 

 

3,981

 

 

 

—

 

 

 

417

 

 

 

417

 

Total

 

 

$

1,598

 

 

$

8,065

 

 

$

9,663

 

 

$

4,163

 

 

$

1,089

 

 

$

5,252

 

(1) Amounts included in SG&A and Other, for the nine months ended September 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 nine months ended September 30, 2025 was as follows:

 

 

Employee
Reduction

 

 

Facility Consolidations

 

 

Other Exit Costs (1)

 

 

Total

 

Balance at December 31, 2024

 

$

—

 

 

$

—

 

 

$

962

 

 

$

962

 

Charges to expense

 

 

1,759

 

 

 

3,449

 

 

 

4,455

 

 

 

9,663

 

Cash payments

 

 

(1,418

)

 

 

(2,189

)

 

 

(4,587

)

 

 

(8,194

)

Non-cash activity

 

 

171

 

 

 

(927

)

 

 

—

 

 

 

(756

)

Balance at September 30, 2025

 

$

512

 

 

$

333

 

 

$

830

 

 

$

1,675

 

 

(1) Other exit costs consist primarily of executive transition and other related costs.