v3.25.2
Restructuring - Schedule of Restructuring Liabilities (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve, Beginning Balance     $ 962  
Charges to expense $ 4,417 $ 2,978 6,445 $ 3,219
Cash payments     (2,260)  
Non-cash Activity     (309)  
Restructuring Reserve, Ending Balance 4,838   4,838  
Employee Reduction [Member]        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve, Beginning Balance     0  
Charges to expense     1,215  
Cash payments     (369)  
Non-cash Activity     171  
Restructuring Reserve, Ending Balance 1,017   1,017  
Facility Consolidations [Member]        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve, Beginning Balance     0  
Charges to expense     2,645  
Cash payments     (1,219)  
Non-cash Activity     (480)  
Restructuring Reserve, Ending Balance 946   946  
Other Exit Costs [Member]        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve, Beginning Balance [1]     962  
Charges to expense [1]     2,585  
Cash payments [1]     (672)  
Non-cash Activity [1]     0  
Restructuring Reserve, Ending Balance [1] $ 2,875   $ 2,875  
[1]

(1) Other exit costs consist primarily of executive transition and other related costs.

Subsequent event – Restructuring charges

On July 23, 2025, the Company's Board of Directors approved launching a strategic review of Myers Tire Supply, which is included in the Distribution segment. Revenue from this business was $189 million over the last twelve months, ending June 30, 2025.

On July 31, 2025, the Company announced as part of its Focused Transformation initiatives, a plan to idle two of its rotational molding production facilities and to consolidate that production into other facilities. These actions are expected to result in additional annual savings of at least $3 million and the Company expects to incur up to $14 million in restructuring costs to complete the initiative, including costs related to employee severance, machine moves, asset impairments and costs related to the long-term facility leases.