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Supplemental Financial Information (Tables)
9 Months Ended
Sep. 30, 2023
Supplemental Income Statement Elements [Abstract]  
Schedule of Restructuring and Impairment Charges
The components of the “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 EndedNine Months Ended
(Dollars in thousands)September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Restructuring charges
Manufacturing footprint optimization$ $373 $ $907 
Global workforce reduction656 — 8,746 — 
Facility consolidations1,265 — 7,615 — 
Total restructuring charges1,921 373 16,361 907 
Impairment charges
Fixed asset impairment charges —  212 
Total impairment charges —  212 
Total restructuring and impairment charges$1,921 $373 $16,361 $1,119 
The following table summarizes the allocation of restructuring and impairment charges to our operating segments:
Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Advanced Electronics Solutions
Allocated restructuring charges$1,636 $371 $10,213 $920 
Allocated impairment charges —  212 
Elastomeric Material Solutions
Allocated restructuring charges285 6,148 (13)
Allocated impairment charges —  — 
Total restructuring and impairment charges$1,921 $373 $16,361 $1,119 
Schedule of Severance Activity
(Dollars in thousands)Global Workforce Reduction Restructuring Severance and Related Benefits
Balance as of December 31, 2022$— 
Provisions8,476 
Payments(8,133)
Foreign currency translation adjustment41 
Balance as of September 30, 2023
$384 
Schedule of Other Operating (Income) Expense
The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2023September 30, 2022September 30, 2023September 30, 2022
UTIS fire
Inventory charges$ $(1)$ $199 
Professional services77 369 596 1,295 
Lease obligations 91  369 
Compensation & benefits 562  1,931 
Other  15 
Insurance recoveries(730)(1,604)(7,424)(6,646)
Total UTIS fire(653)(581)(6,828)(2,837)
(Gain) loss on sale or disposal of property, plant and equipment(193)(679)(15)
Total other operating (income) expense, net$(846)$(578)$(7,507)$(2,852)
Schedule of Components of Interest Expense, Net
The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Interest on revolving credit facility$(1,939)$(2,831)$(8,306)$(5,014)
Line of credit fees(219)(118)(565)(409)
Debt issuance amortization costs(123)(178)(527)(536)
Interest income133 175 978 462 
Other(180)10 (207)(62)
Total interest expense, net$(2,328)$(2,942)$(8,627)$(5,559)