Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 109

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 109
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 31, 2024, and 2023, we provided a liability of $0.9 million and $1.3 million, respectively, for unrecognized tax benefits associated with our U.S. federal and state, and foreign jurisdictions. The majority of these unrecognized tax benefits are netted against their related non-current deferred tax assets.We accrue interest and penalties related to unrecognized tax benefits through income tax expense. We had $0.8 million and $1.2 million accrued for the payment of interest and penalties as of December 31, 2024 and December 31, 2023, respectively. Accrued interest and penalties are included in the $0.9 million of unrecognized tax benefits. A reconciliation of the beginning and ending amount of unrecognized tax benefits (including interest and penalties) at December 31 follows:202420232022Balance - Beginning of the year $1,338 $1,089 $1,093 Gross increase - tax positions in prior periods 154 60 426 Gross increases - current period tax positions — 149 — Lapse of statute of limitations(571)— (389)Currency translation adjustment20 40 (41)Balance - End of the year $941 $1,338 $1,089 

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8.    Accrued and Other Liabilities 

Accrued and other liabilities consisted of the following as of December 31:20242023Compensation and benefits$12,542 $23,604 Derivative liabilities5,701 304 Accrued freight3,243 2,679 Taxes payable2,122 5,020 Accrued legal and professional fees1,694 1,535 Customer tooling projects1,259 1,217 Warranty costs1,207 1,458 Other4,557 9,019 $32,325 $44,836 

9.    Defined Contribution Plan, Pension and Other Post-Retirement Benefit Plans

Defined Contribution Plan - We sponsor a defined contribution plan covering eligible employees. Eligible employees can contribute on a pre-tax basis to the plan. In accordance with the terms of the 401(k) plan, we elect to match a certain percentage of the participants’ contributions to the plan, as defined. We recognized expense associated with the plan of $4.6 million, $4.3 million and $4.0 million for the years ended December