Supplemental Financial Information (Tables)

6 Months Ended

Jun. 30, 2023

Supplemental Income Statement Elements [Abstract]

Schedule of Restructuring and Impairment Charges

The components of “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, which contains restructuring charges and related expenses, as well as impairment charges, were as follows:

	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Restructuring charges
Manufacturing footprint optimization	$	—	$	465	$	—	$	534
Global workforce reduction	1,062		—		8,090		—
Facility consolidations	2,877		—		6,350		—
Total restructuring charges	3,939		465		14,440		534
Impairment charges
Fixed asset impairment charges	—		212		—		212
Total impairment charges	—		212		—		212
Total restructuring and impairment charges	$	3,939	$	677	$	14,440	$	746

The following table summarizes the allocation of restructuring and impairment charges to our operating segments:

	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Advanced Electronics Solutions
Allocated restructuring charges	$	3,131	$	479	$	8,577	$	548
Allocated impairment charges	—		212		—		212
Elastomeric Material Solutions
Allocated restructuring charges	808		(14)		5,863		(14)
Allocated impairment charges	—		—		—		—
Total restructuring and impairment charges	$	3,939	$	677	$	14,440	$	746

Schedule of Severance Activity

(Dollars in thousands)	Global Workforce Reduction Restructuring Severance and Related Benefits
Balance as of December 31, 2022	$	—
Provisions	7,910
Payments	(6,213)
Foreign currency translation adjustment	60
Balance as of June 30, 2023	$	1,757

Schedule of Other Operating (Income) Expense

The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows:

	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
UTIS fire
Inventory charges	—		(1)		—		200
Professional services	256		492		519		926
Lease obligations	—		46		—		278
Compensation & benefits	—		573		—		1,369
Other	—		2		—		13
Insurance recoveries	(6,194)		(2,852)		(6,694)		(5,042)
Total UTIS fire	(5,938)		(1,740)		(6,175)		(2,256)
(Gain) loss on sale or disposal of property, plant and equipment	(504)		(3)		(486)		(18)
Total other operating (income) expense, net	$	(6,442)	$	(1,743)	$	(6,661)	$	(2,274)

Schedule of Components of Interest Expense, Net

The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows:

	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Interest on revolving credit facility	$	(2,987)	$	(1,344)	$	(6,367)	$	(2,183)
Line of credit fees	(44)		(153)		(346)		(291)
Debt issuance amortization costs	(122)		(179)		(404)		(358)
Interest income	340		179		845		287
Other	(24)		(51)		(27)		(72)
Total interest expense, net	$	(2,837)	$	(1,548)	$	(6,299)	$	(2,617)