Restructuring and Other Similar Charges

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Other Similar Charges

Restructuring and Other Similar Charges

During the year ended December 31, 2025, the Company continued to execute various restructuring actions. These initiatives were implemented to drive efficiencies and reduce operating costs while also modifying the Company's footprint to reflect changes in the markets it serves, the impact of acquisitions on the Company's overall manufacturing capacity and the refinement of its overall product portfolio. These restructuring actions primarily resulted in workforce reductions, lease termination costs and other facility rationalization costs. Management expects to continue executing similar initiatives to optimize its operating margin and manufacturing footprint. As such, the Company expects further expenses related to workforce reductions, potential impairment or accelerated depreciation of assets, lease termination costs and other facility rationalization costs. The Company's restructuring plans are preliminary and the full extent of related expenses are not yet estimable.

The following table summarizes the Company's restructuring and other similar charges incurred during the years ended December 31, 2025, 2024, and 2023 (in millions):

	Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Employee termination benefits	$	3.2	$	2.1	$	3.4
Asset impairment charges	2.5		8.0		2.5
Contract termination and other associated costs	3.9		3.4		9.4
Total restructuring and other similar charges	$	9.6	$	13.5	$	15.3
Restructuring Costs To-date (Period from April 1, 2011 to December 31, 2025)					Restructuring Costs To-date (Period from April 1, 2011 to December 31, 2025)
Employee termination benefits					$	39.1
Asset impairment charges					13.0
Contract termination and other associated costs					25.8
Total restructuring and other similar charges					$	77.9

The following table summarizes the activity in the Company's accrual for restructuring and other similar charges for the years ended December 31, 2025 and 2024 (in millions):

	Employee termination benefits		Asset impairment charges		Contract termination and other associated costs		Total
Accrued restructuring costs, December 31, 2023 (1)	$	0.7	$	—	$	0.6	$	1.3
Charges	2.1		8.0		3.4		13.5
Cash payments	(1.7)		—		(3.9)		(5.6)
Non-cash charges	—		(8.0)		—		(8.0)
Accrued restructuring costs, December 31, 2024 (1)	$	1.1	$	—	$	0.1	$	1.2
Charges	3.2		2.5		3.9		9.6
Cash payments	(2.7)		—		(3.7)		(6.4)
Non-cash charges	—		(2.5)		—		(2.5)
Accrued restructuring costs, December 31, 2025 (1)	$	1.6	$	—	$	0.3	$	1.9

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(1)    As of December 31, 2025 and December 31, 2024, the accrual for restructuring and other similar charges is included in other current liabilities in the consolidated balance sheets.