Cost Reduction and Manufacturing Capacity Rationalization

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Cost Reduction and Manufacturing Capacity Rationalization

The Company's restructuring program seeks to align cost structure to support margin expansion. The program includes workforce reductions and footprint optimization across segments.

The changes in accrued restructuring balances are as follows:


	Global Seating		Global Electrical Systems		Trim Systems and Components		Corporate/Other		Total
December 31, 2024	$	28	$	—	$	—	$	360	$	388
New charges	—		530		45		127		702
Payments and other adjustments	(28)		(530)		(45)		(129)		(732)
March 31, 2025	$	—	$	—	$	—	$	358	$	358


	Global Seating		Global Electrical Systems		Trim Systems and Components		Corporate/ Other		Total
December 31, 2023	$	128	$	—	$	—	$	983	$	1,111
New charges	53		1,090		470		164		1,777
Payments and other adjustments	(53)		(1,090)		(470)		(540)		(2,153)
March 31, 2024	$	128	$	—	$	—	$	607	$	735

All of the $0.7 million costs incurred in the three months ended March 31, 2025 for restructuring related to headcount reductions. Of the $0.7 million costs incurred in the three months ended March 31, 2025 for restructuring, $0.5 million were recorded in cost of revenue and $0.2 million were recorded in selling, general and administrative expenses.

Of the $1.8 million costs incurred in the three months ended March 31, 2024 for restructuring, $1.5 million related to headcount reductions and $0.3 million related to facility exit and other. Of the $1.8 million costs incurred in the three months ended March 31, 2024 for restructuring, $1.6 million were recorded in cost of revenue and $0.2 million were recorded in selling, general and administrative expenses. Of the $1.8 million costs incurred in three months ended March 31, 2024 for restructuring, $1.1 million related to headcount in the Global Electrical Systems segment and $0.5 million related to headcount reductions in the Trim Systems and Components segment.