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Exit Activity Costs and Asset Impairments (Tables)
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Reconciliation of Liability for Exit Activity Costs Relating to Facility Consolidation Efforts
The following table sets forth the exit activity costs (recoveries) and asset impairment charges (recoveries) incurred by segment during the years ended December 31 related to the restructuring activities described above (in thousands):
202420232022
Exit
Activity
Asset ImpairmentTotalExit
Activity
Asset ImpairmentTotalExit
Activity
Asset ImpairmentTotal
Residential$678 $(72)$606 $960 $3,851 $4,811 $1,825 $12 $1,837 
Renewables9,792 103 9,895 7,558 1,136 8,694 3,256 1,198 4,454 
Agtech477 — 477 718 — 718 771 1,066 1,837 
Infrastructure — — — — — — (63)— (63)
Corporate83 — 83 (32)— (32)250 — 250 
Total$11,030 $31 $11,061 $9,204 $4,987 $14,191 $6,039 $2,276 $8,315 
The following table reconciles the beginning and ending liability for exit activity costs recorded in current accrued expenses on the consolidated balance sheet relating to the Company’s restructuring efforts (in thousands):
20242023
Balance as of January 1$6,725 $2,417 
Exit activity costs recognized11,030 9,204 
Cash payments(5,744)(4,896)
Balance as of December 31$12,011 $6,725 
Summary of Exit Activity Costs and Asset Impairments Recorded in the Consolidated Statements of Operations
The following table provides a summary of where the above exit activity costs and asset impairments are recorded in the consolidated statements of income for the years ended December 31 (in thousands):
202420232022
Cost of sales$8,514 $12,634 $5,258 
Selling, general, and administrative expense2,547 1,557 3,057 
Total exit activity costs and asset impairments$11,061 $14,191 $8,315