v3.26.1
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
2026 Restructuring Plan
In January 2026, the Company implemented a restructuring plan (the “2026 Restructuring Plan”) designed to better align its workforce and cost structure with its business needs, strategic priorities and ongoing commitment to profitable growth.
The following table presents the details of the Company’s restructuring charges under the 2026 Restructuring Plan:
Three Months Ended
June 30,
Six Months Ended
June 30,
20262026
(In thousands)
Employee severance and benefits $989 $4,445 
Contract termination charges(12)300 
Asset impairment(19)40 
Total restructuring and asset impairment charges$958 $4,785 
The following table provides information regarding changes in the Company’s accrued restructuring balances under the 2026 Restructuring Plan for the periods indicated:
Employee Severance and BenefitsContract Termination Charges Asset ImpairmentTotal
(In thousands)
Balance as of December 31, 2025$— $— $— $— 
Charges4,445 300 40 4,785 
Cash payments and receipts, net(3,578)(300)— (3,878)
Non-cash settlement and other(152)— (40)(192)
Balance as of June 30, 2026$715 $— $— $715