Restructuring and Related Activities

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Note 3 – Restructuring and Related Activities

In September 2024, the Company announced the implementation of restructuring actions designed to optimize the Company’s manufacturing footprint and streamline business decision making.

The restructuring actions will be implemented in phases and include:

●	Selling, general, and administrative functions will be streamlined through the fourth fiscal quarter of 2025.
●	The closure of three manufacturing facilities. A Diodes segment back-end facility in Shanghai, China is expected to be closed by the end of 2026 with production transfers completed in phases beginning in the fourth quarter of 2025. In addition, two small facilities in the Resistors segment in Fichtelberg, Germany, and in Milwaukee, Wisconsin, are expected to be closed in 2026.
●	Various changes in manufacturing operations and production transfers.

The following table summarizes the activity to date related to this program:

Expense recorded in 2024	$	40,614
Cash paid		(8,734	)
Foreign currency translation		(1,292	)
Balance at December 31, 2024	$	30,588

Severance payment terms vary by country, but generally are paid in a lump sum at cessation of employment. Some payments are made over an extended period. The current portion of the liability is $16,070 and is included in other accrued expenses in the accompanying consolidated balance sheet. The non-current portion of the liability is $14,518 and is included in other liabilities in the accompanying consolidated balance sheet.