DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2026

Discontinued Operations and Disposal Groups [Abstract]

Summary of Statement of Operation and Balance Sheet Items From Discontinued Operations

The following table summarizes the major line items for ITM that are included in the net loss from discontinued operations in the Condensed Consolidated Statements of Operations (in thousands):

	Three months ended				Nine months ended
	September 30,				September 30,
	2026		2025		2026		2025
Net sales	$	118,411	$	109,208	$	346,807	$	331,233
Cost of sales	100,008		94,410		296,874		286,540
Gross profit	18,403		14,798		49,933		44,693
Selling, general, and administrative expenses	8,075		7,341		24,402		21,596
Research and development expenses	1,890		1,434		5,705		4,684
Income from operations	8,438		6,023		19,826		18,413
Interest expense	(7)		—		—		—
Interest income	—		326		447		975
Foreign exchange gain (loss) gain	(234)		(47)		1,131		(1,639)
Other (loss) income	(48)		71		184		655
Loss on held for sale disposal group	(38,532)		—		(38,532)		—
(Loss) income before income taxes	(30,383)		6,373		(16,944)		18,404
Provision for income taxes	3,267		1,107		5,625		6,038
Net (loss) income from discontinued operations	$	(33,650)	$	5,266	$	(22,569)	$	12,366

The following table summarizes the carrying amounts of major classes of assets and liabilities of ITM's discontinued operations (in thousands):

	September 30, 2026		December 31, 2025
Assets
Accounts receivable, net of allowance of $695 and $568, respectively	$	93,888	$	72,837
Inventories	161,581		139,927
Prepaid and other current assets	15,499		13,433
Property, plant and equipment, net	99,843		97,065
Operating lease assets	9,535		10,823
Intangible assets, net	250		326
Deferred income taxes	1,887		1,585
Other long-term assets	7,321		5,164
Valuation allowance for loss on classification as held for sale	(38,532)		—
Total assets	$	351,272	$	341,160
Liabilities
Short-term debt	$	3,400	$	2,086
Accounts payable	96,336		77,676
Operating leases	2,863		2,937
Other current liabilities	32,401		29,955
Long-term debt	9,060		4,924
Deferred income taxes	2,352		2,348
Operating leases	7,052		8,219
Other long-term liabilities	7,588		8,693
Total liabilities	$	161,052	$	136,838