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Business Realignment (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Control Devices (A) | $ | 260 |  |  | $ | — |  |  | $ | 637 |  |  | $ | — |
Electronics (B) | 1,416 |  |  | 1,890 |  |  | 2,789 |  |  | 1,890 |
Unallocated Corporate (C) | — |  |  | 59 |  |  | 1,077 |  |  | 59 |
Total business realignment charges | $ | 1,676 |  |  | $ | 1,949 |  |  | $ | 4,503 |  |  | $ | 1,949 |
_____________________________________
(A) | Severance costs (benefit) for the three months ended June 30, 2025 related to COGS, SG&A and design and development (“D&D”) were $9, $270 and $(19), respectively. Severance costs for the six months ended June 30, 2025 related to COGS, SG&A and D&D were $336, $270 and $31, 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 June 30, 2025 related to SG&A and D&D were $34 and $1,382, respectively. Severance costs for the six months ended June 30, 2025 related to COGS, SG&A and D&D were $1,073, $140 and $1,576, respectively. Severance costs for the three and six months ended June 30, 2024 related to D&D and SG&A were $1,432 and $458, respectively.The majority of the business realignment costs relate to operational efficiency initiatives at our Juarez facility.
(C) | Severance related costs for the six months ended June 30, 2025 related to SG&A were $1,077 for executive separation costs. Severance related costs for the three and six months ended June 30, 2024 related to SG&A were $59.
Business realignment charges incurred, classified by statement of operations line item were as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of goods sold | $ | 9 |  |  | $ | — |  |  | $ | 1,409 |  |  | $ | — |
Selling, general and administrative | 304 |  |  | 517 |  |  | 1,487 |  |  | 517 |
Design and development | 1,363 |  |  | 1,432 |  |  | 1,607 |  |  | 1,432 |
Total business realignment charges | $ | 1,676 |  |  | $ | 1,949 |  |  | $ | 4,503 |  |  | $ | 1,949 |
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 June 30, 2025
Employee termination costs | $ | 411 |  |  | $ | 4,503 |  |  | $ | (4,094) |  |  | $ | — |  |  | $ | 820 |
Total | $ | 411 |  |  | $ | 4,503 |  |  | $ | (4,094) |  |  | $ | — |  |  | $ | 820 |
|  |  |  |  | Utilization |  |
| Accrual as of January 1, 2024 |  | 2024 Charge to Expense |  | Cash |  | Non-Cash |  | Accrual as of June 30, 2024
Employee termination costs | $ | 1,230 |  |  | $ | 1,949 |  |  | $ | (1,346) |  |  | $ | — |  |  | $ | 1,833 |
Total | $ | 1,230 |  |  | $ | 1,949 |  |  | $ | (1,346) |  |  | $ | — |  |  | $ | 1,833 |

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