SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Property, Plant and Equipment Useful Lives

Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:


			Years
Buildings			30–40 Years
Furniture and fixtures			1–8 Years
Machinery and equipment			1–26 Years
Vehicles			1–8 Years
Leasehold improvements			Shorter of remaining lease term or estimated useful life

Property, plant and equipment, net by geographical area consisted of the following (in thousands):


	December 31, 2025		December 31, 2024
United States	$	65,565	$	46,580

Germany	13,392		12,643
Other foreign jurisdictions	6,181		5,554
Total property, plant and equipment, net	$	85,138	$	64,777

Schedule of Reclassification Adjustments

The impact to the accompanying consolidated statement of operations and comprehensive (loss) income for the year ended December 31, 2023 is presented in the following table (in thousands).

There was no impact on previously reported balances in the accompanying consolidated balance sheets or statements of cash flows.



	Year Ended December 31, 2023
	As Previously Reported		As Adjusted		Effect of Change
Cost of goods sold	$	183,253	$	193,813	$	10,560
Gross profit	138,855		128,295		(10,560)
Selling, general and administrative expense	57,073		46,513		(10,560)
Total operating expenses	44,405		33,845		(10,560)
Operating income	94,450		94,450		—
Net income	67,486		67,486		—