Restructuring |
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| Restructuring | Note 16 – Restructuring On March 26, 2025, the Company announced that it would cease production at the Osceola, Arkansas facility effective May 31, 2025 (the “2025 Plant Closure Program”). In connection with the plant closure, 210 employees were separated under the separation plan resulting in severance of approximately $4,600 included in the restructuring and related costs for the year ended December 31, 2025. The plant closure resulted in an impairment of $9,600 related to the property, plant and equipment and $2,500 related to inventory which are recorded as Asset impairment charge in the condensed consolidated statement of operations for the three months ended March 31, 2025. Restructuring and related expense consists of the following in the condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025, respectively:
The following table summarizes the activities as of June 30, 2026 and December 31, 2025:
In addition, we continue to review our global businesses and may take additional restructuring actions where a path to sustained profitability is not feasible when considering the capital allocation required for those businesses. |
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