The Company initiates restructuring activities to execute management’s strategy, such as gaining operational efficiencies and achieving net cost reductions. Restructuring charges primarily consist of employee severance costs.

The changes in the restructuring reserve balance for the three and nine months ended September 30, 2025 and 2024 were as follows:


	2025			2024
Balance at beginning of period	$	5,152		$	3,386
Provision (1)		4,399			(933	)
Cash payment		(6,735	)		(907	)
Foreign exchange		140			(77	)
Balance at March 31		2,956			1,469
Provision (1)		1,329			1,014
Cash payment		(2,379	)		(45	)
Foreign exchange		159			(11	)
Balance at June 30		2,065			2,427
Provision (1)		17,008			2,535
Cash payment		(18,006	)		(1,681	)
Foreign exchange		—			102
Balance at September 30	$	1,067		$	3,383

(1) Provision is net of revisions to previous estimates.