v3.26.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following tables display summarized activity in our condensed consolidated statements of operations for discontinued operations during the three months ended June 30, 2026 and 2025, related to the Control Devices business.
Three months ended June 30,Six months ended June 30,
2026 (A)20252026 (A)2025
Net sales$— $71,156 $21,960 $141,011 
Costs and expenses:
Cost of goods sold— 58,567 17,749 117,375 
Selling, general and administrative (B)
— 7,131 5,788 12,963 
Design and development— 3,863 1,210 7,998 
Operating income (loss) from discontinued operations— 1,595 (2,787)2,675 
Interest income, net— (100)— (174)
Other expense, net— 1,209 257 1,567 
Income (loss) before income taxes from discontinued operations— 486 (3,044)1,282 
(Benefit) provision for income taxes from discontinued operations— (1,298)278 (1,310)
Income (loss) from discontinued operations, net of tax— 1,784 (3,322)2,592 
Loss on disposal— — (8,957)— 
Income tax provision on loss on disposal— — (860)— 
Loss on disposal, net of tax— — (9,817)— 
Total (loss) income from discontinued operations$— $1,784 $(13,139)$2,592 
(A)    The operations of the Control Devices business were included only for the period January 1, 2026 to January 30, 2026 as the sale of this business was completed on January 30, 2026. Also includes expenses incurred in February and March 2026, after the sale, but related to discontinued operations.
(B)    Transaction costs included in SG&A for the three months ended June 30, 2026 and 2025 were $0 and $1,044, respectively, and for the six months ended June 30, 2026 and 2025 were $3,700 and $1,345, respectively.

The following table presents depreciation and amortization and capital expenditures attributable to the Control Devices business for the three months ended March 31, 2026 and 2025:
Three months ended June 30,Six months ended June 30,
2026202520262025
Depreciation and amortization$— $2,127 $701 $4,453 
Capital expenditures$— $1,096 $127 $2,159 
The following table summarizes the major classes of assets and liabilities of the Control Devices business presented as discontinued operations as of December 31, 2025:
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents$13,194 
Accounts receivable, less reserves
42,410 
Inventories, net26,180 
Prepaid expenses and other current assets4,558 
Long-term assets:
Property, plant and equipment, net16,263 
Intangible assets, net341 
Other assets
3,098 
Total assets of discontinued operations$106,044 
LIABILITIES
Accounts payable$19,769 
Accrued expenses and other current liabilities10,186 
Long-term liabilities4,733 
Total liabilities of discontinued operations$34,688