RESTRUCTURING COSTS (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve Activities

The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis:

In thousands	Restructuring Liability as of December 31, 2023		Provision		Cash Payments		Restructuring Liability as of September 30, 2024
Aerospace & Industrial
Severance	$	—	$	946	$	(946)	$	—
Facility closure and other costs	—		1,410		(1,281)		129
Total Aerospace & Industrial	$	—	$	2,356	$	(2,227)	$	129
Defense Electronics
Severance	$	—	$	510	$	(395)	$	115
Facility closure and other costs	—		—		—		—
Total Defense Electronics	$	—	$	510	$	(395)	$	115
Naval & Power
Severance	$	—	$	120	$	(120)	$	—
Facility closure and other costs	—		—		—		—
Total Naval & Power	$	—	$	120	$	(120)	$	—
Consolidated (including Corporate)
Severance	$	—	$	1,576	$	(1,461)	$	115
Facility closure and other costs	—		2,975		(2,079)		896
Total consolidated	$	—	$	4,551	$	(3,540)	$	1,011

Schedule of Pre-tax Restructuring Charges

A reconciliation of total pre-tax restructuring charges is as follows:

	Affected line item in the Condensed Consolidated Statement of Earnings
		Three months ended		Nine months ended
(In thousands)		September 30, 2024		September 30, 2024
Inventory write-downs	Cost of product sales	$	8	$	1,402
Severance, facility closure, and other costs	Restructuring expenses	1,633		4,551
Property, plant, and equipment & operating lease right of use asset impairments	Restructuring expenses	1,647		1,647
		$	3,280	$	6,198
Total restructuring charges	Earnings before income taxes	$	3,288	$	7,600