Integration, Realignment and Restructuring |
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Integration, Realignment and Restructuring | 5. Integration, Realignment and Restructuring 2026 Actions As a continuation of the efforts announced in 2025, integration and realignment costs for the first quarter of 2026 consisted of $3.5 million of IT-related charges, $0.3 million of severance and $0.9 million of fees and other costs to execute the initiatives. The integration and realignment costs are recorded in SG&A expenses in the consolidated statements of earnings and are shown in the table below.
Additionally, in the first quarter of 2026, the Company recognized an impairment charge of $2.2 million for certain right-of-use assets related to the Company’s ongoing realignment of its lease portfolio and was recorded in the asset impairment charge in the consolidated statements of earnings. 2025 Actions In the first quarter of 2025, the Company launched various initiatives aimed at integrating MRP and other prior acquisitions, combining operating segments, and further aligning processes and technology across the Company. For the first quarter of 2025, integration and realignment costs consisted of $5.3 million of IT-related charges, $4.4 million of severance and $1.0 million of fees and other costs to execute the initiatives. The integration and realignment costs are recorded in SG&A expenses in the consolidated statements of earnings and are shown in the table below.
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