RESTRUCTURING COSTS (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve Activities

The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis:

In thousands	Restructuring Liability as of December 31, 2023		Provision		Cash Payments		Restructuring Liability as of June 30, 2024
Aerospace & Industrial
Severance	$	—	$	835	$	(770)	$	65
Facility closure and other costs	—		392		(92)		300
Total Aerospace & Industrial	$	—	$	1,227	$	(862)	$	365
Defense Electronics
Severance	$	—	$	526	$	(368)	$	158
Facility closure and other costs	—		—		—		—
Total Defense Electronics	$	—	$	526	$	(368)	$	158
Naval & Power
Severance	$	—	$	198	$	(198)	$	—
Facility closure and other costs	—		—		—		—
Total Naval & Power	$	—	$	198	$	(198)	$	—
Consolidated (including Corporate)
Severance	$	—	$	1,776	$	(1,345)	$	431
Facility closure and other costs	—		1,142		(124)		1,018
Total consolidated	$	—	$	2,918	$	(1,469)	$	1,449

Schedule of Pre-tax Restructuring Charges

A reconciliation of total pre-tax restructuring charges is as follows:

	Affected line item in the Condensed Consolidated Statement of Earnings
		Six months ended
(In thousands)		June 30, 2024
Inventory write-downs	Cost of product sales	$	1,394
Severance, facility closure, and other costs	Restructuring expenses	2,918
Total restructuring charges	Earnings before income taxes	$	4,312