v3.26.3
Accrued Expenses
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Accrued expenses [Line Items]    
Accrued Expenses
10. Accrued expenses
Accrued expenses consisted of the following:
 
     
(in thousands)   
June 30,
2026
      December 31,
2025		  
Accrued payroll and employee related liabilities
    $ 34,082      $ 38,119  
Accrued vendor costs
      31,629        38,049  
Provisions—warranty
      5,813        8,371  
Provisions—restructuring
      4,100        858  
Provisions—environmental(a)
      3,219        3,236  
Provisions for loss contingencies
      759        1,962  
Accrued interest
      656        646  
Accrued sales and other taxes
      268        220  
Other
      4,438        4,319  
  
 
 
  
Accrued expenses
    $ 84,964      $ 95,780  
 
  
 
(a).   Costs of future estimated expenditures for environmental remediation liabilities are not discounted to their present value due to the timing of the future expenditures not being reliably determinable. The environmental remediation liability is related to two plants.
 
The following table describes the changes to the Company’s warranty liability:
 
   
(in thousands)   
June 30,
2026
  
Balance as of January 1, 2026
    $ 8,371  
Accrued expense
      797  
Payments
      (1,045 ) 
Provision reversed during the period
      (2,264 ) 
Currency translation differences
      (46 ) 
  
 
 
  
Balance as of June 30, 2026
    $ 5,813  
 
  
We recognized warranty expense of $0.4 million and $0.8 million for the three and six months ended June 30, 2026, respectively, and $0.4 million and $2.7 million for the three and six months ended June 30, 2025, respectively. These expenses were recorded in our condensed consolidated statements of Income within total cost of sales.
 
HMH Holding BV And Subsidiaries [Member]    
Accrued expenses [Line Items]    
Accrued Expenses  
12. Accrued expenses
Accrued expenses consisted of the following as of December 31, 2025 and 2024:
 
     
      2025      2024  
Accrued vendor costs
    $ 38,049      $ 60,583  
Accrued payroll and employee related liabilities
      38,119        40,476  
Provisions—warranty
      8,371        11,082  
Provisions—environmental(1)
      3,236        3,086  
Provisions for loss contingencies
      1,962        3,023  
Provisions—restructuring
      858        220  
Accrued interest
      646        3,126  
Accrued sales and other taxes
      220        1,361  
Other
      4,319        5,463  
  
 
 
  
Accrued expenses
    $ 95,780      $ 128,420  
 
  
 
(1)   Costs of future estimated expenditures for environmental remediation liabilities are not discounted to their present value due to the timing of the future expenditures not being reliably determinable. The environmental remediation liability is related to two plants.
The following table describes the changes to the Company’s warranty liability as of December 31, 2025 and 2024:
 
     
      2025     2024  
Balance as of January 1,
    $ 11,082     $ 8,556  
Accrued expense
      2,339       2,405  
Payments
      (2,433 )      (959 ) 
Reclassification
      (145 )      3,345  
Provision reversed during the period
      (3,104 )      (1,709 ) 
Currency translation differences
      632       (556 ) 
  
 
 
  
Balance as of December 31,
    $ 8,371     $ 11,082