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Restructuring Activities and Other Inventory-Related Charges (Tables)
3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Summary of Charges Related to Restructuring Activities by Type of Cost

The following tables summarize the charges related to restructuring activities by type of cost for the periods presented on the Company’s condensed consolidated statements of comprehensive income (loss):

 

 

 

Three Months Ended March 31, 2025

 

 

 

Severance and Employee-Related Costs

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

78

 

 

$

536

 

 

$

614

 

Research and development

 

 

(57

)

 

 

867

 

 

 

810

 

Selling, general and administrative

 

 

(9

)

 

 

558

 

 

 

549

 

 

 

$

12

 

 

$

1,961

 

 

$

1,973

 

 

 

 

Three Months Ended March 31, 2024

 

 

 

Severance and Employee-Related Costs

 

 

Accelerated Depreciation

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

482

 

 

$

19

 

 

$

58

 

 

$

559

 

Research and development

 

 

165

 

 

 

 

 

 

 

 

 

165

 

Selling, general and administrative

 

 

699

 

 

 

 

 

 

 

 

 

699

 

 

 

$

1,346

 

 

$

19

 

 

$

58

 

 

$

1,423

 

Summary of Activity Related to Restructuring Plan Activity related to the Restructuring Plan for the three months ended March 31, 2025 was as follows (amounts in thousands):

 

 

Restructuring Liability
December 31, 2024

 

 

Restructuring Costs

 

 

Amounts Paid in 2025

 

 

Noncash Restructuring Items

 

 

Restructuring Liability
March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance & employee-related costs

 

$

516

 

 

$

12

 

 

$

(395

)

 

$

(5

)

 

$

128

 

Facility and other exit costs

 

 

 

 

 

1,961

 

 

 

(208

)

 

 

(1,456

)

 

 

297

 

Total

 

$

516

 

 

$

1,973

 

 

$

(603

)

 

$

(1,461

)

 

$

425