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Business Realignment and Restructuring
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Business Realignment and Restructuring Business Realignment and Restructuring
The Company regularly evaluates the performance of its businesses and cost structures, including personnel, and makes necessary changes thereto in order to optimize its results. The Company also evaluates the required skill sets of its personnel and periodically makes strategic changes. As a consequence of these actions, the Company incurs severance related costs that are referred to as business realignment charges.
Business realignment charges incurred by reportable segment were as follows:
Three months ended
March 31,
20242023
Electronics (A)
 309 
Unallocated Corporate (B)
 953 
Total business realignment charges$ $1,262 
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(A)
Severance costs for the three months ended March 31, 2023 related to COGS and SG&A were $175 and $134, respectively.
(B)
Employee separation related costs for the three months ended March 31, 2023 related to SG&A were $953.
Business realignment charges incurred, classified by statement of operations line item were as follows:
Three months ended
March 31,
20242023
Cost of goods sold$ $175 
Selling, general and administrative 1,087 
Total business realignment charges$ $1,262