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RESTRUCTURING | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING On February 25, 2025, we notified employees of our wholly-owned subsidiary, Videology Imaging Corporation, of our intention to consolidate all operations in the Netherlands into our facility located in Mansfield, Massachusetts (the “Videology Consolidation”). Videology® is included in our Process Technologies segment. This plan would result in the closure of the Netherlands facility and the termination of certain employees at that location. The Videology Consolidation of the Netherlands operations is being undertaken to increase efficiencies and lower operating costs associated with the current operation of Videology® and is expected to be substantially completed by the end of 2025 at which point we intend to fully vacate the Netherlands facility. On June 11, 2025, we transitioned leadership of our Environmental Technologies segment (the “Environmental Transition”), appointing a new President. We incurred severance and payroll related costs for the outgoing President related to the Environmental Transition. As a result of these two actions, we expect to incur cash charges for severance and other one-time termination benefits of $425 thousand. In addition, we expect to incur cash charges for other costs related to the facility consolidation, including moving costs, costs associated with the termination of the Netherlands facility lease and other consolidation costs, ranging from $200 thousand to $300 thousand. We have recognized restructuring expenses related to these actions as follows:
|  | Three Months Ended |  | Six Months Ended
(in thousands) |  | June 30, 2025 |  | June 30, 2025
Videology Consolidation: |  |  |  |
Severance |  | $ | — |  |  | $ | 237 |
Retention |  | 60 |  |  | 79 |
Payroll taxes and payroll related |  | 12 |  |  | 63 |
Other |  | 12 |  |  | 18 |
Total Process Technologies restructuring charges |  | 84 |  |  | 397 |
Corporate portion of action charges |  | 52 |  |  | 52 |
Total Videology Consolidation restructuring charges |  | $ | 136 |  |  | $ | 449 |
Environmental Transition: |  |  |  |
Severance |  | $ | 70 |  |  | $ | 70 |
Payroll taxes and payroll related |  | 6 |  |  | 6 |
Total Environmental Technologies restructuring charges |  | 76 |  |  | 76 |
Corporate portion of action charges |  | 4 |  |  | 4 |
Total Environmental Transition restructuring charges |  | $ | 80 |  |  | $ | 80 |
Total consolidated restructuring charges |  | $ | 216 |  |  | $ | 529 |
Our restructuring accrual is included as a component of accrued expenses and other current liabilities:
|  | Six Months Ended
(in thousands) |  | June 30, 2025
Beginning balance |  | $ | — |
Charges |  | 529 |
Cash payments |  | (36) |
Impact of foreign currency translation adjustments |  | 30 |
Ending balance |  | $ | 523 |

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- 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
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