Cost Reduction and Manufacturing Capacity Rationalization

6 Months Ended

Jun. 30, 2026

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, 2025	$	—	$	—	$	—	$	46	$	46
New charges	565		509		163		—		1,237
Payments and other adjustments	(401)		(509)		(163)		(46)		(1,119)
March 31, 2026	$	164	$	—	$	—	$	—	$	164
New charges	$	997	$	—	$	—	$	—	$	997
Payments and other adjustments	$	(871)	$	—	$	—	$	—	$	(871)
June 30, 2026	$	290	$	—	$	—	$	—	$	290


	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
New charges	358		539		243		—		1,140
Payments and other adjustments	(358)		(539)		(243)		(133)		(1,273)
June 30, 2025	$	—	$	—	$	—	$	225	$	225

Of the $1.0 million costs incurred in the three months ended June 30, 2026 for restructuring, $0.6 million related to headcount reductions and $0.4 million related to facility exit and other costs. Of the $1.0 million costs incurred, $0.7 million were recorded in cost of revenues and $0.3 million were recorded in selling, general and administrative expenses.

Of the $2.2 million costs incurred in the six months ended June 30, 2026 for restructuring, $1.8 million related to headcount reductions and $0.4 million related to facility exist and other costs; $1.9 million were recorded in cost of revenues and $0.3 million were recorded in selling, general and administrative expenses.

All of the $1.1 million costs incurred in the three months ended June 30, 2025 for restructuring related to headcount reductions and were recorded in cost of revenues.

All of the $1.8 million costs incurred in the six months ended June 30, 2025 for restructuring related to headcount reductions. Of the $1.8 million costs incurred in the six months ended June 30, 2025 for restructuring, $1.6 million were recorded in cost of revenues and $0.2 million were recorded in selling, general and administrative expenses.