v3.26.1
Business Restructuring Charges
6 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Business Restructuring Charges
Note 5 — Business Restructuring Charges
On November 22, 2024, the Company’s Board of Directors approved a plan to discontinue internal and external investment in the research and development of the Company's patch pump program (the "Patch Pump Restructuring Plan"). The actions under the Patch Pump Restructuring Plan were substantially complete as of September 30, 2025.
During the second quarter of fiscal year 2025, the Company initiated a restructuring plan (the "2025 Restructuring Plan") to streamline the organization and optimize resources. The actions under the 2025 Restructuring Plan were substantially complete as of September 30, 2025.
Charges incurred related to the restructuring programs for the three and six month periods ended March 31, 2026 were not material to the Company’s Condensed Consolidated Financial Statements.
The following table summarizes the charges related to the restructuring programs by type of cost for the periods ended:
Three Months Ended March 31, 2025Six Months Ended March 31, 2025
Employee TerminationNon-Employee RelatedTotalEmployee TerminationNon-Employee RelatedTotal
Cost of products sold$0.1 $— $0.1 $0.3 $6.1 $6.4 
Selling and administrative expense0.4 — 0.4 0.6 — 0.6 
Research and development expense4.3 — 4.3 6.6 4.3 10.9 
Other operating expense, net5.3 (0.6)4.7 14.2 4.7 18.9 
$10.1 $(0.6)$9.5 $21.7 $15.1 $36.8 
Employee termination costs are associated with actual headcount reductions, including involuntary headcount reductions which were probable and could be reasonably estimated.
Non-employee related costs are associated with termination of contracts and long-lived asset impairments are discussed further in Note 17.
The restructuring reserve balances as of March 31, 2026 and September 30, 2025 were not material to the Company’s Condensed Consolidated Financial Statements.