XML 40 R26.htm IDEA: XBRL DOCUMENT v3.25.1
RESTRUCTURING
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
On October 15, 2024, the Company announced a cost-reduction plan (“2024 Restructuring Plan”) to streamline the organization with increased focus on artificial intelligence data center, EV and mobile applications, accelerating the Company’s path to profitability. The 2024 Restructuring Plan includes a reduction in headcount with the majority of the costs consisting of employee severance and benefits. The Company incurred $1.2 million in the fourth quarter of 2024 related to this plan. The Company does not anticipate further costs associated with the 2024 Restructuring Plan. Restructuring-related liabilities are reported under "Accounts payable and other accrued expenses" on the Company’s Consolidated Balance Sheets.
A summary of the balance sheet activity related to the 2024 Restructuring Plan is as follows:

Amounts accrued as of December 31, 2023Costs IncurredCash PaymentsAmounts accrued as of December 31, 2024
Employee Severance and Benefits$— $1,217 $706 $511 
Other— 6 — 6 
$— $1,223 $706 $517