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Business Realignment (Tables) | 3 Months Ended
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Mar. 31, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | Business realignment charges incurred by reportable segment were as follows:
| Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Control Devices (A) | $ | 377 |  |  | $ | — |  |  |  |  |
Electronics (B) | 1,373 |  |  | — |  |  |  |  |
Unallocated Corporate (C) | 1,077 |  |  | — |  |  |  |  |
Total business realignment charges | $ | 2,827 |  |  | $ | — |  |  |  |  |
_____________________________________
(A) | Severance costs for the three months ended March 31, 2025 related to COGS and design and development ("D&D") were $327 and $50, respectively. The majority of the business realignment costs relate to operational efficiency initiatives at our Juarez facility.
(B) | Severance costs for the three months ended March 31, 2025 related to COGS, SG&A and D&D were $1,073, $106 and $194, respectively. The majority of the business realignment costs relate to operational efficiency initiatives at our Juarez facility.
(C) | Severance related costs for the three months ended March 31, 2025 related to SG&A were $1,077 for executive separation costs.
Business realignment charges incurred, classified by statement of operations line item were as follows:
| Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Cost of goods sold | $ | 1,400 |  |  | $ | — |  |  |  |  |
Selling, general and administrative | 1,183 |  |  | — |  |  |  |  |
Design and development | 244 |  |  | — |  |  |  |  |
Total business realignment charges | $ | 2,827 |  |  | $ | — |  |  |  |  |
Schedule of Business Realignment Charges Classified by Statement of Operations | Reconciliations of the beginning and ending liability balances related to business realignment were as follows:
|  |  |  |  | Utilization |  |
| Accrual as of January 1, 2025 |  | 2025 Charge to Expense |  | Cash |  | Non-Cash |  | Accrual as of March 31, 2025
Employee termination costs | $ | 411 |  |  | $ | 2,827 |  |  | $ | (1,020) |  |  | $ | — |  |  | $ | 2,218 |
Total | $ | 411 |  |  | $ | 2,827 |  |  | $ | (1,020) |  |  | $ | — |  |  | $ | 2,218 |
|  |  |  |  | Utilization |  |
| Accrual as of January 1, 2024 |  | 2024 Charge to Expense |  | Cash |  | Non-Cash |  | Accrual as of March 31, 2024
Employee termination costs | $ | 1,230 |  |  | $ | — |  |  | $ | (1,095) |  |  | $ | — |  |  | $ | 135 |
Total | $ | 1,230 |  |  | $ | — |  |  | $ | (1,095) |  |  | $ | — |  |  | $ | 135 |

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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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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: 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.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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