OTHER INCOME (Tables)

12 Months Ended

Dec. 31, 2025

Other Income and Expenses [Abstract]

Schedule of Other Income

Other income consisted of the following for the years set forth below (amounts in thousands):

	2025		2024		2023
Pension plan income	$	2,106	$	1,619	$	138
Equity investment income	1,184		1,020		1,158
Gain on sale of assets	54		806		246
Gain on property insurance settlement (a)	—		2,433		—
Loss on sale of investment (b)	—		(379)		—
Loss for life insurance policy termination (c)	(2,851)		—		—
Other income	472		1,116		1,086
	$	965	$	6,615	$	2,628

(a) For the year ended December 31, 2024, the gain on property insurance settlement relates to the receipt of insurance proceeds of $3.5 million offset by costs to repair one of the Company's operating facilities in Italy related to a 2023 hail storm weather event. The Company also received net insurance proceeds of $0.5 million associated with certain equipment at our North American wheel facility.

(b) In September 2024, the Company sold its remaining ownership interest in an Indian undercarriage business and incurred a loss of $0.4 million as a result of the sale. The sale agreement includes a commitment to purchase approximately $1.7 million of products from the Indian undercarriage business over a two-year period.

(c) In September 2025, the Company recorded a write-off of asset balances that were associated with the reimbursement of premiums paid under certain life insurance policies held for certain owners of a previously acquired business. The write-off was based on the Company’s re-assessment that it will likely not be able to recover the net book value of the assets.