ACCRUED LIABILITIES

3 Months Ended

Mar. 31, 2026

8. ACCRUED LIABILITIES

Accrued liabilities consist of the following:


		March 31,			December 31,
		2026			2025
Compensation and fringe benefits		$	13,768		$	20,498
Warranty reserve			1,938			1,813
Income taxes payable			3,936			1,853
Operating lease liabilities – current			5,157			5,323
Finance lease obligations – current			472			486
Contract liabilities			3,628			3,767
Restructuring related accruals			211			521
Other accrued expenses			7,433			6,629
		$	36,543		$	40,890

In line with the Company’s Simplify to Accelerate NOW strategy, during the first quarter of 2025, the Company began to create a state-of-the-art Fabrication Center of Excellence at the facility in Dothan, Alabama. Assembly operations from Dothan continue to be transferred into facilities in Tulsa, Oklahoma and Reynosa, Mexico.

One-time costs in 2026 are anticipated to be approximately $2 to $3 million, primarily related to employee severance and other personnel-related expenses, and are expected to be substantively paid by the end of 2026.

Restructuring expenses for this initiative, which are included in restructuring and business realignment costs in the condensed consolidated statement of income and comprehensive income, are as follows:



		Restructuring
		related accruals

Restructuring liability at December 31, 2025		$	521
Expenses incurred			862
Cash payments			(1,172)
Restructuring liability at March 31, 2026		$	211