RESTRUCTURING COSTS (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2024
Aerospace & Industrial
Severance	$	—	$	1,750	$	(1,750)	$	—
Facility closure and other costs	—		5,037		(4,350)		687
Total Aerospace & Industrial	$	—	$	6,787	$	(6,100)	$	687
Defense Electronics
Severance	$	—	$	1,117	$	(656)	$	461
Facility closure and other costs	—		—		—		—
Total Defense Electronics	$	—	$	1,117	$	(656)	$	461
Naval & Power
Severance	$	—	$	667	$	(93)	$	574
Facility closure and other costs	—		—		—		—
Total Naval & Power	$	—	$	667	$	(93)	$	574
Consolidated (including Corporate)
Severance	$	—	$	3,558	$	(2,522)	$	1,036
Facility closure and other costs	—		8,051		(6,121)		1,930
Total consolidated	$	—	$	11,609	$	(8,643)	$	2,966

Schedule of Pre-tax Restructuring Charges

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

	Affected line item in the Consolidated Statement of Earnings
		Year Ended
(In thousands)		December 31, 2024
Inventory write-downs	Cost of product sales	$	1,435
Severance, facility closure, and other costs	Restructuring expenses	11,609
Property, plant, and equipment & operating lease right of use asset impairments	Restructuring expenses	2,839
		$	14,448
Total restructuring charges	Earnings before income taxes	$	15,883

There were no such comparable charges for the year ended December 31, 2023.