Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 27

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 27
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 $— $— $983 $1,111 New charges53 1,090 470 164 1,777 Payments and other adjustments(53)(1,090)(470)(540)(2,153)March 31, 2024$128 $— $— $607 $735 New charges762 1,379 1,634 — 3,775 Payments and other adjustments(766)(1,379)(1,634)(97)(3,876)June 30, 2024$124 $— $— $510 $634 Of the $1.1 million costs incurred in the three months ended June 30, 2025 for restructuring, $1.1 million related to headcount reductions; $1.1 million were recorded in cost of revenue. Of the $1.1 million costs incurred in the three months ended June 30, 2025,  $0.4 million related to the Global Seating segment, $0.5 million related to the Global Electrical Systems, and $0.2 million related to the Trim Systems and Components segment. Of the $1.8 million costs incurred in the six months ended June 30, 2025 for restructuring, $1.8 million related to headcount reductions; $1.6 million were recorded in cost of revenues and $0.2 million were recorded in selling, general and administrative expenses. Of the $1.8 million costs incurred in the six months ended June 30, 2025,  $0.4 million related to the Global Seating segment, $1.1 million related to the Global Electrical Systems, and $0.3 million related to the Trim Systems and Components segment. Of the $3.8 million costs incurred in the three months ended June 30, 2024 for restructuring, $3.4 million related to headcount reductions and $0.4 million related to facility exit and other; $3.5 million were recorded in cost of revenues and $0.3 million were recorded in selling, general and administrative expenses. Of the $3.8 million costs incurred in three months ended June 30, 2024 for restructuring, $1.4 million related to headcount in the Global Electrical Systems segment, $1.6 million related to headcount reductions in the Trim Systems and Components segment, $0.4 million related to headcount reductions and $0