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Restructuring Acquisition and Related Costs (Tables)
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring, Acquisition and Related Costs

The following table summarizes restructuring, acquisition and related costs recorded in the accompanying consolidated statements of operations for the periods indicated (in thousands):

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

2024 restructuring

$

10,486

 

 

$

 

 

$

 

2022 restructuring

 

 

 

 

8,961

 

 

 

1,414

 

2020 restructuring

 

 

 

 

2,853

 

 

 

2,994

 

Total restructuring related charges

$

10,486

 

 

$

11,814

 

 

$

4,408

 

Acquisition and related charges

$

3,223

 

 

$

1,000

 

 

$

(24

)

Total restructuring, acquisition and related costs

$

13,709

 

 

$

12,814

 

 

$

4,384

 

Summary of Restructuring Charges by Reportable Segment

The following table summarizes restructuring costs associated with the 2024 restructuring program by reportable segment (in thousands):

 

Year Ended December 31,

 

 

Cumulative Costs as of

 

 

2024

 

 

December 31, 2024

 

Automation Enabling Technologies

$

3,198

 

 

$

3,198

 

Medical Solutions

 

6,769

 

 

 

6,769

 

Unallocated costs

 

519

 

 

 

519

 

Total

$

10,486

 

 

$

10,486

 

The following table summarizes restructuring costs associated with the 2022 restructuring program by reportable segment (in thousands):

 

Year Ended December 31,

 

 

Cumulative Costs as of

 

 

2023

 

2022

 

 

December 31, 2024

 

Automation Enabling Technologies

$

6,771

 

$

1,358

 

 

$

8,129

 

Medical Solutions

 

1,359

 

 

56

 

 

 

1,415

 

Unallocated costs

 

831

 

 

 

 

 

831

 

Total

$

8,961

 

$

1,414

 

 

$

10,375

 

 

The following table summarizes restructuring costs associated with the 2020 restructuring program by reportable segment (in thousands):

 

Year Ended December 31,

 

 

Cumulative Costs as of

 

 

2023

 

2022

 

 

December 31, 2024

 

Automation Enabling Technologies

$

2,853

 

$

2,775

 

 

$

13,827

 

Medical Solutions

 

 

 

217

 

 

 

2,716

 

Unallocated costs

 

 

 

2

 

 

 

173

 

Total

$

2,853

 

$

2,994

 

 

$

16,716

 

Summary of Accrual Activities by Components Related to Company's Restructuring Programs

The following table summarizes the accrual activities, by component, related to the Company’s restructuring programs recorded in the accompanying consolidated balance sheets (in thousands):

 

Total

 

 

Employee Related

 

 

Facility Related

 

 

Other

 

Balance at December 31, 2022

$

2,410

 

 

$

1,902

 

 

$

452

 

 

$

56

 

Restructuring charges

 

11,814

 

 

 

5,832

 

 

 

4,452

 

 

 

1,530

 

Cash payments

 

(8,867

)

 

 

(6,675

)

 

 

(1,379

)

 

 

(813

)

Non-cash write-offs and other adjustments (1)

 

(2,507

)

 

 

(21

)

 

 

(1,845

)

 

 

(641

)

Balance at December 31, 2023

 

2,850

 

 

 

1,038

 

 

 

1,680

 

 

 

132

 

Restructuring charges

 

10,486

 

 

 

8,165

 

 

 

2,034

 

 

 

287

 

Cash payments

 

(5,898

)

 

 

(3,469

)

 

 

(2,007

)

 

 

(422

)

Non-cash write-offs and other adjustments

 

(687

)

 

 

(44

)

 

 

(646

)

 

 

3

 

Balance at December 31, 2024

$

6,751

 

 

$

5,690

 

 

$

1,061

 

 

$

 

(1) Non-cash write-offs and other adjustments included impairment of assets amounting to $2.5 million.