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Business Realignment
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Business Realignment Business Realignment
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. The Company does not expect future charges related to the previously incurred termination actions noted below.
Business realignment charges incurred by reportable segment were as follows:
Three months ended
March 31,
20252024
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,
20252024
Cost of goods sold$1,400 $— 
Selling, general and administrative1,183 — 
Design and development244 — 
Total business realignment charges$2,827 $— 
Reconciliations of the beginning and ending liability balances related to business realignment were as follows:
Utilization
Accrual as of January 1, 20252025 Charge to ExpenseCashNon-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, 20242024 Charge to ExpenseCashNon-Cash
Accrual as of March 31, 2024
Employee termination costs
$1,230 $— $(1,095)$— $135 
Total$1,230 $— $(1,095)$— $135