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Restructuring
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring

NOTE 21- RESTRUCTURING

During the first quarter of 2023, the Company initiated a reduction in its global workforce to better align our cost structure with lower automotive industry production levels. As a result, the Company recognized a restructuring charge during the first half of 2023 of $7.8 million of separation costs, $2.8 million of which was charged to selling, general and administrative expenses and $5.0 million which was charged to cost of sales. As of December 31, 2023, the Company had paid $2.8 million in separation costs and had reduced the accrual by $1.8 million related to the deconsolidation of a subsidiary (refer to Note 22 “Loss on Deconsolidation of a Subsidiary”), resulting in a remaining accrual of $3.2 million.