Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 36

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 36
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 Total accrued restructuring costs |                | $ |          3,511 |     | $ |         5,710 |     | $ | (5,030   | ) |     | $ | (410     | ) |     | $ |          3,781 |

The components of restructuring charges during2022 were as follows:

|                             |     | Year ended December 31, 2022 |       |     |      |     |     |        |   |     |       |       |
|:----------------------------|:----|:-----------------------------|------:|:----|:-----|----:|:----|:-------|:--|:----|:------|------:|
| (in thousands)              |     | Americas                     |       |     | Asia |     |     | Europe |   |     | Total |       |
| Severance costs             |     | $                            | 2,298 |     | $    | 130 |     | $      | — |     | $     | 2,428 |
| Lease facility costs        |     |                              | 1,261 |     |      |   — |     |        | — |     |       | 1,261 |
| Other exit costs            |     |                              | 2,021 |     |      |   — |     |        | — |     |       | 2,021 |
| Total restructuring charges |     | $                            | 5,580 |     | $    | 130 |     | $      | — |     | $     | 5,710 |

During 2023, the Company made the decision to no longer continue certain manufacturing capabilities in the Americas. In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities and recorded$1.1million of impairment charges as a result of that assessment. The asset impairment charges are included in restructuring charges and other costs in the consolidated statement of income for 2023.

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During 2021, the Company made the decision to no longer continue certain manufacturing capabilities in the Americas. In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities using valuation information from third parties and recorded $ 4.4 million of impairment charges as a result of that assessment. The asset impairment charges are included in restructuring charges and other costs in the consolidated statements of income for 2021. During 2022