Other Expense (Tables)

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Schedule of Other Income

The following table summarizes the Company’s other expense - net for the years ended December 31, 2024 and 2023:

	2024		2023
Pension termination costs (a)	$	1,722	$	—
Loss on the sale of Chemtec (b)	—		2,065
Loss on the sale of Concrete Ties (c)	—		1,009
Insurance proceeds (d)	(38)		(215)
Foreign currency (gains) losses	(154)		77
Other	(454)		(301)
Other expense - net	$	1,076	$	2,635

a.During the fourth quarter of 2024, the Company terminated its US DB Plan generating pension settlement costs of $1,722.

b.On March 30, 2023, the Company sold substantially all the operating assets of its Chemtec business, which was inclusive of its entire Precision Measurement Products and Services division, generating a $2,065 pre-tax loss.

c.On June 30, 2023, the Company sold substantially all the operating assets of the Ties business, located in Spokane, WA, generating a $1,009 loss on the sale.

d.In 2024 and 2023, the Company received $38 and $215 in insurance proceeds, respectively.