Accrued Expenses (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Accrued expenses [Line Items] |
|
|
| Schedule of 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. |
|
|
| Schedule of Changes to the Company's Warranty Liability |
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 |
|
|
|
|
|
| HMH Holding BV And Subsidiaries [Member] |
|
|
| Accrued expenses [Line Items] |
|
|
| Schedule of 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. |
|
| Schedule of Changes to the Company's Warranty Liability |
|
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 |
|
|
|
|