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Restructuring (Tables)
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Expense by Reportable Segment

The following table summarizes restructuring expense for the three months ended March 31, 2024 and 2023 by reporting segment:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Automotive

 

$

7,114

 

 

$

1,074

 

Medical

 

 

20

 

 

 

 

Corporate

 

 

104

 

 

 

195

 

Total

 

$

7,238

 

 

$

1,269

 

Summary of Restructuring Liability The following table summarizes restructuring liability for the three months ended March 31, 2024:

 

 

Employee Separation Costs

 

 

Other Related Costs

 

 

Total

 

Balance at December 31, 2023

 

$

2,150

 

 

$

 

 

$

2,150

 

Additions, charged to restructuring expenses

 

 

6,771

 

 

 

467

 

 

 

7,238

 

Cash payments

 

 

(1,762

)

 

 

(380

)

 

 

(2,142

)

Non-cash utilization

 

 

 

 

 

(87

)

 

 

(87

)

Currency translation

 

 

(19

)

 

 

 

 

 

(19

)

Balance at March 31, 2024

 

$

7,140

 

 

$

 

 

$

7,140