Restructuring, Strategic Transaction and Integration Schedule of Restructuring and Related Costs (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table summarizes the activity in our restructuring-related accrual by major type of cost (in thousands):

	Severance Pay and Benefits		Retention and Facility Closure Costs		Total
Accrued balance, January 1, 2023	$	4,416	$	1,507	$	5,923
Charges incurred	5,521		1,189		6,710
Payments	(6,694)		(1,192)		(7,886)
Other adjustments(1)	(234)		(785)		(1,019)
Currency translation	(198)		38		(160)
Accrued balance, December 31, 2023	$	2,811	$	757	$	3,568
Charges incurred	18,299		1,272		19,571
Payments	(11,687)		(1,632)		(13,319)
Other adjustments(2)	327		—		327
Currency translation	(212)		10		(202)
Accrued balance, December 31, 2024	$	9,538	$	407	$	9,945

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(1)    Relates to accrued restructuring charges for estimated facility closure costs and severance costs that will not be utilized and were reversed during the year.

(2)    Relates to adjustments to accrued restructuring charges as a result of merging Smiths Medical entities during 2024.