v3.26.1
Exit Activity Costs and Asset Impairments
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS
The Company periodically undertakes restructuring initiatives as part of its focus to improve operating performance and optimize its business portfolio. These initiatives have led to reorganizing the Company's manufacturing footprint, outsourcing or discontinuing low-volume, low margin products, or selling or exiting less profitable businesses or product lines. As a result, the Company has incurred costs related to discrete restructuring events for moving and closing facilities, severance and inventory write-downs during the six months ended June 30, 2026.
The following tables set forth the exit activity costs and asset impairment charges (recoveries) incurred by segment related to the restructuring activities described above (in thousands):
Three Months Ended
June 30,
20262025
Exit ActivityAsset ImpairmentTotalExit ActivityAsset ImpairmentTotal
Residential$1,979 $— $1,979 $1,218 $— $1,218 
Agtech24 — 24 207 157 364 
Infrastructure— — — — — — 
Corporate265 — 265 — — — 
Total$2,268 $— $2,268 $1,425 $157 $1,582 
Six Months Ended
June 30,
20262025
Exit ActivityAsset ImpairmentTotalExit ActivityAsset ImpairmentTotal
Residential$3,944 $274 $4,218 $2,355 $— $2,355 
Agtech86 (7)79 275 157 432 
Infrastructure— — — — — — 
Corporate281 — 281 31 — 31 
Total$4,311 $267 $4,578 $2,661 $157 $2,818 

The following table provides a summary of where the exit activity costs and asset impairments were recorded in the consolidated statements of operations (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Cost of sales$83 $346 $528 $580 
Selling, general, and administrative expense2,185 1,236 4,050 2,238 
Total exit activity and asset impairment charges $2,268 $1,582 $4,578 $2,818 
The following table reconciles the beginning and ending liability for exit activity costs recorded in current accrued expenses on the consolidated balance sheets relating to the Company’s restructuring efforts (in thousands):
20262025
Balance at January 1$815 $121 
Exit activity costs recognized4,311 2,661 
Cash payments(3,760)(2,256)
Balance at June 30$1,366 $526