RESTRUCTURING

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

RESTRUCTURING

RESTRUCTURING

On February 25, 2025, we notified employees of our wholly-owned subsidiary, Videology Imaging Corporation, of our intention to consolidate all operations in the Netherlands into our facility located in Mansfield, Massachusetts (the

“Videology Consolidation”). Videology® is included in our Process Technologies segment. This plan would result in the closure of the Netherlands facility and the termination of certain employees at that location. The Videology Consolidation of the Netherlands operations is being undertaken to increase efficiencies and lower operating costs associated with the current operation of Videology® and is expected to be substantially completed by the end of 2025 at which point we intend to fully vacate the Netherlands facility.

On June 11, 2025, we transitioned leadership of our Environmental Technologies segment (the “Environmental Transition”), appointing a new President. We incurred severance and payroll related costs for the outgoing President related to the Environmental Transition.

As a result of these two actions, we expect to incur cash charges for severance and other one-time termination benefits of $425 thousand. In addition, we expect to incur cash charges for other costs related to the facility consolidation, including moving costs, costs associated with the termination of the Netherlands facility lease and other consolidation costs, ranging from $200 thousand to $300 thousand.

We have recognized restructuring expenses related to these actions as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2025		June 30, 2025
Videology Consolidation:
Severance	$	—	$	237
Retention	60		79
Payroll taxes and payroll related	12		63
Other	12		18
Total Process Technologies restructuring charges	84		397
Corporate portion of action charges	52		52
Total Videology Consolidation restructuring charges	$	136	$	449
Environmental Transition:
Severance	$	70	$	70
Payroll taxes and payroll related	6		6
Total Environmental Technologies restructuring charges	76		76
Corporate portion of action charges	4		4
Total Environmental Transition restructuring charges	$	80	$	80
Total consolidated restructuring charges	$	216	$	529

Our restructuring accrual is included as a component of accrued expenses and other current liabilities:

	Six Months Ended
(in thousands)	June 30, 2025
Beginning balance	$	—
Charges	529
Cash payments	(36)
Impact of foreign currency translation adjustments	30
Ending balance	$	523