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Restructuring Activities and Other Inventory-Related Charges (Tables)
6 Months Ended
Jun. 30, 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:

 

 

 

Three Months Ended June 30, 2025

 

 

 

Severance and Employee-Related Costs

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

139

 

 

$

1,714

 

 

$

1,853

 

Research and development

 

 

(12

)

 

 

 

 

 

(12

)

Selling, general and administrative

 

 

58

 

 

 

263

 

 

 

321

 

 

 

$

185

 

 

$

1,977

 

 

$

2,162

 

 

 

 

Six Months Ended June 30, 2025

 

 

 

Severance and Employee-Related Costs

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

217

 

 

$

2,250

 

 

$

2,467

 

Research and development

 

 

(69

)

 

 

867

 

 

 

798

 

Selling, general and administrative

 

 

49

 

 

 

821

 

 

 

870

 

 

 

$

197

 

 

$

3,938

 

 

$

4,135

 

 

 

 

Three Months Ended June 30, 2024

 

 

 

Severance and Employee-Related Costs

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

371

 

 

$

143

 

 

$

514

 

Research and development

 

 

284

 

 

 

 

 

 

284

 

Selling, general and administrative

 

 

157

 

 

 

17

 

 

 

174

 

 

 

$

812

 

 

$

160

 

 

$

972

 

 

 

 

Six Months Ended June 30, 2024

 

 

 

Severance and Employee-Related Costs

 

 

Accelerated Depreciation

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

853

 

 

$

19

 

 

$

201

 

 

$

1,073

 

Research and development

 

 

449

 

 

 

 

 

 

 

 

 

449

 

Selling, general and administrative

 

 

856

 

 

 

 

 

 

17

 

 

 

873

 

 

 

$

2,158

 

 

$

19

 

 

$

218

 

 

$

2,395

 

Summary of Activity Related to Restructuring Plan Activity related to the Restructuring Plan for the six months ended June 30, 2025 was as follows (amounts in thousands):

 

 

Restructuring Liability
December 31, 2024

 

 

Restructuring Costs

 

 

Amounts Paid in 2025

 

 

Noncash Restructuring Items

 

 

Restructuring Liability
June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance & employee-related costs

 

$

516

 

 

$

197

 

 

$

(395

)

 

$

(318

)

 

$

 

Facility and other exit costs

 

 

 

 

 

3,938

 

 

 

(505

)

 

 

(3,433

)

 

 

 

Total

 

$

516

 

 

$

4,135

 

 

$

(900

)

 

$

(3,751

)

 

$