v3.26.1
RESTRUCTURING CHARGES
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES

NOTE 10. RESTRUCTURING CHARGES

 

During 2024, we recorded restructuring charges of $571 related to the closure and consolidation of our Blue Earth, Minnesota production facility, which was completed in the fourth quarter of 2024. As of December 31, 2024, $154 of facility consolidation expenses related to the Blue Earth closure were accrued and paid in the first quarter of 2025. During the three months ended March 31, 2025, the Company incurred $266 of restructuring charges, in connection with activities related to the Blue Earth facility and additional staff reductions in the first quarter of 2025.

 

The following table summarizes the related activity for the three months ended March 31, 2025:

 

 

   Facility Consolidation   Workforce Reductions   Total 
             
December 31, 2024  $154   $-   $154 
Charges   31    235    266 
Cash payments   (185)   (235)   (420)
March 31, 2025  $-   $-   $- 

 

We did not record any restructuring charges or restructuring charge activity in the three months ended March 31, 2026.