Restructuring

9 Months Ended

Sep. 30, 2025

Restructuring

Restructuring

Note 19. Restructuring

On August 5, 2025, the Company initiated a restructuring plan (the Plan) designed to reduce fixed costs and optimize its operational footprint. The Plan provides for the consolidation of three warehouses and one manufacturing facility into the Company’s other facilities and is expected to be completed by December 31, 2026.

The Company expects to incur aggregate charges of between $5,000 and $7,000 in total restructuring costs, which includes approximately $5,000 for equipment relocation and footprint optimization and approximately $1,000 in asset write-downs and related charges. Total restructuring charges incurred during the three months ended September 30, 2025 were $559, recorded in cost of sales in the Condensed Consolidated Statements of Comprehensive Income (Loss). The Company expects to incur additional charges under the Plan in future periods as implementation progresses. Restructuring charges during the three and nine months ended September 30, 2025, were as follows:

	Equipment Relocation
	and Footprint		Asset
	Optimization		Write-downs		Total
Amount recognized in cost of sales	$	443	$	116	$	559
Cash expenses	$	411	$	—	$	411