Restructuring |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Restructuring and Related Activities [Abstract] | |
| Restructuring | 22. RESTRUCTURING On May 1, 2025, the Board of Directors of the Company approved an organizational restructuring plan (the “Plan”) to reduce its workforce and was designed to improve financial performance, reinvest in corporate growth activities and create a more efficient organization. The workforce reduction of approximately 15 employee roles was focused primarily on the Company’s commercial organization and corporate overhead, including senior leadership and represented approximately 7.2% of the Company’s workforce. As of June 30, 2025, separations related to the Plan were complete. As a result of the Plan, the Company recorded a one-time expense of $0.6 million, which was included in selling, general and administrative expenses on the unaudited condensed consolidated statement of earnings and comprehensive income (loss) for the three and six months ended June 30, 2025. A majority of the one-time expense incurred under the Plan was due to employee severance payments and related legal fees, of which, $0.4 million was paid during the second quarter of 2025. The remaining payments associated with this one-time expense of $0.2 million were included in accrued liabilities on the June 30, 2025 unaudited condensed consolidated balance sheet. The Company does not expect to incur any material additional costs in subsequent periods in connection with the Plan. |