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Impairment Expense and Loss (Gain), Net, on Disposal of Machinery and Equipment
12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Impairment Expense and Loss (Gain), Net, on Disposal of Machinery and Equipment Impairment Expense and Loss (Gain), Net, on Disposal of Machinery and Equipment
In February 2023, the Company started to execute a strategy to increase imports and scale back manufacturing in certain locations. The Company subsequently reached an agreement with two unrelated third-party vendors in Taiwan to sell them certain of its manufacturing machinery and equipment. During the year ended December 31, 2023, the Company also cancelled certain equipment purchase commitments that it had previously paid deposits towards, and disposed of certain machinery and equipment through abandonment.
The Company recognized the following amounts related to impairment expense and loss (gain), net, on disposal of machinery:
Year Ended December 31,
20232022
(in thousands)
Loss, net, on disposal of machinery in scaling back manufacturing
$1,609 $— 
Loss (gain), net, on disposal of machinery within normal course of business
393 (32)
Loss (gain), net, on disposal
2,002 (32)
Impairment of deposits523 — 
Impairment expense and loss (gain), net, on disposal of machinery
$2,525 $(32)