v3.25.2
Restructuring (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Summary of restructuring costs by segment

The following table presents restructuring costs by segment as included within the Company’s consolidated statements of operations for the periods reported (in millions):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of revenues:

 

 

 

 

 

 

 

 

 

 

 

 

BSI BioSpin

 

$

0.2

 

 

$

0.2

 

 

$

1.2

 

 

$

0.3

 

BSI CALID

 

 

0.6

 

 

 

0.8

 

 

 

1.8

 

 

 

0.8

 

BSI NANO

 

 

3.6

 

 

 

3.9

 

 

 

4.0

 

 

 

7.5

 

Total Cost of revenues

 

$

4.4

 

 

$

4.9

 

 

$

7.0

 

 

$

8.6

 

Other charges, net:

 

 

 

 

 

 

 

 

 

 

 

 

BSI BioSpin

 

$

(2.5

)

 

$

0.2

 

 

$

3.3

 

 

$

0.2

 

BSI CALID

 

 

2.2

 

 

 

(0.1

)

 

 

3.2

 

 

 

(0.1

)

BSI NANO

 

 

2.0

 

 

 

1.1

 

 

 

2.8

 

 

 

4.0

 

Corporate

 

 

1.2

 

 

 

 

 

1.2

 

 

 

0.6

 

Total Other charges, net

 

$

2.9

 

 

$

1.2

 

 

$

10.5

 

 

$

4.7

 

Total

 

$

7.3

 

 

$

6.1

 

 

$

17.5

 

 

$

13.3

 

Schedule of changes in restructuring reserves, excluding costs of scrapping expired or expiring inventory

The following table sets forth the changes in restructuring reserves, excluding costs of $3.8 million for scrapping expired or expiring inventory, for the periods reported (in millions):

 

 

Total

 

 

Severance

 

 

Exit Costs

 

Balance at December 31, 2024

 

$

7.2

 

 

$

4.6

 

 

$

2.6

 

Restructuring charges

 

 

13.7

 

 

 

11.6

 

 

 

2.1

 

Cash payments

 

 

(12.1

)

 

 

(7.8

)

 

 

(4.3

)

Other, non-cash adjustments and foreign currency effect

 

 

0.9

 

 

 

0.8

 

 

 

0.1

 

Balance at June 30, 2025

 

$

9.7

 

 

$

9.2

 

 

$

0.5