XML 33 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

Business Realignment | 9 Months Ended
--- | ---
Sep. 30, 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 significant charges in the future related to the previously incurred termination actions noted below. Business realignment charges incurred by reportable segment were as follows:
| Three months ended September 30, |  | Nine months ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Control Devices (A) | $ | 305 |  |  | $ | — |  |  | $ | 942 |  |  | $ | — |
Electronics (B) | 872 |  |  | 254 |  |  | 3,660 |  |  | 2,144 |
Unallocated Corporate (C) | 883 |  |  | — |  |  | 1,960 |  |  | 59 |
Total business realignment charges | $ | 2,060 |  |  | $ | 254 |  |  | $ | 6,562 |  |  | $ | 2,203 |
_____________________________________
(A) | Severance costs for the three months ended September 30, 2025 related to COGS and design and development (“D&D”) were $161 and $144, respectively. Severance costs for the nine months ended September 30, 2025 related to COGS, SG&A and D&D were $497, $270 and $175, 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 September 30, 2025 related to COGS and D&D were $747 and $125, respectively. Severance costs for the nine months ended September 30, 2025 related to COGS, SG&A and D&D were $1,820, $140 and $1,700, respectively. Severance costs for the three months ended September 30, 2024 related to COGS and D&D were $140 and $114, respectively. Severance costs for the nine months ended September 30, 2024 related to COGS, SG&A and D&D were $140, $458 and $1,546, respectively. The majority of the business realignment costs relate to operational efficiency initiatives at our Juarez facility.
(C) | Severance costs for the three months ended September 30, 2025 related to SG&A and D&D were $442 and $441, respectively.. Severance related costs for the nine months ended September 30, 2025 related to SG&A and D&D were $1,519 and $441, respectively. Severance related costs for the nine months ended September 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 September 30, |  | Nine months ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of goods sold | $ | 908 |  |  | $ | 140 |  |  | $ | 2,317 |  |  | $ | 140 |
Selling, general and administrative | 442 |  |  | — |  |  | 1,929 |  |  | 517 |
Design and development | 710 |  |  | 114 |  |  | 2,316 |  |  | 1,546 |
Total business realignment charges | $ | 2,060 |  |  | $ | 254 |  |  | $ | 6,562 |  |  | $ | 2,203 |
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 September 30, 2025
Employee termination costs | $ | 411 |  |  | $ | 6,562 |  |  | $ | (5,586) |  |  | $ | — |  |  | $ | 1,387 |
Total | $ | 411 |  |  | $ | 6,562 |  |  | $ | (5,586) |  |  | $ | — |  |  | $ | 1,387 |
|  |  |  |  | Utilization |  |
| Accrual as of January 1, 2024 |  | 2024 Charge to Expense |  | Cash |  | Non-Cash |  | Accrual as of September 30, 2024
Employee termination costs | $ | 1,230 |  |  | $ | 2,203 |  |  | $ | (2,158) |  |  | $ | — |  |  | $ | 1,275 |
Total | $ | 1,230 |  |  | $ | 2,203 |  |  | $ | (2,158) |  |  | $ | — |  |  | $ | 1,275 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration