v3.26.1
Restructuring Charges
6 Months Ended
Jun. 30, 2026
Restructuring Charges  
Restructuring Charges

14. Restructuring Charges

During the second quarter of 2025, management approved and initiated a plan to exit certain facilities that were no longer deemed economical for our business, and during the three and six months ended June 30, 2026, we continued to execute the plan and incurred $0.1 million and $0.3 million, respectively, of costs to exit these facilities. The facility closure costs incurred under the above restructuring plan were recorded to restructuring charges in our condensed consolidated statements of operations. We do not expect to incur additional restructuring charges related to these restructuring activities.

During the first quarter of 2025, management approved and executed a plan to exit a facility no longer deemed economical for our business, and in the first quarter of 2025, we incurred $0.7 million of costs to exit this facility. The severance and property disposal costs incurred under the above restructuring plan were recorded to restructuring charges in our condensed consolidated statements of operations. We do not expect to incur additional restructuring charges related to these restructuring activities.

The following table presents restructuring charges incurred by segment:

  ​ ​ ​

Contract

Aftermarket

(in thousands)

Operations

Services

Other(1)

Total

Three months ended June 30, 2026

Facility closure

$

125

$

$

$

125

Total restructuring charges

$

125

$

$

$

125

Three months ended June 30, 2025

Facility closure

$

$

$

144

$

144

Total restructuring charges

$

$

$

144

$

144

Six months ended June 30, 2026

Facility closure

$

261

$

$

$

261

Total restructuring charges

$

261

$

$

$

261

Six months ended June 30, 2025

Facility closure

$

520

$

$

289

$

809

Total restructuring charges

$

520

$

$

289

$

809

(1)Represents expense incurred within our corporate function and not directly attributable to our segments.

The following table presents restructuring charges incurred by cost type:

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Facility closure

Severance costs

$

$

$

$

596

Property disposal and closure costs

125

144

261

213

Total restructuring costs

$

125

$

144

$

261

$

809