Restructuring and Other Similar Charges

During the three and six months ended June 30, 2026, the Company continued to execute various restructuring actions. These initiatives were implemented to drive efficiencies and reduce operating costs while also modifying the Company's footprint to reflect changes in the markets it serves, the impact of mergers and acquisitions on the Company's overall manufacturing capacity and the refinement of its overall product portfolio. These restructuring actions primarily resulted in workforce reductions, lease termination costs and other facility rationalization costs. Management expects to continue executing similar initiatives to optimize the Company's operating margin and manufacturing footprint. As such, the Company expects further expenses related to workforce reductions, potential impairment or accelerated depreciation of assets, lease termination costs and other facility rationalization costs. The Company's restructuring plans are preliminary and the full extent of related expenses are not yet estimable. The Company accounts for restructuring costs in the period in which the liability is incurred.

The following table summarizes the Company's restructuring and other similar charges during the three and six months ended June 30, 2026 and June 30, 2025, (in millions):


	Three Months Ended				Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Employee termination benefits	$	1.2	$	0.8	$	1.3	$	1.3
Contract termination and other associated costs	0.6		1.1		1.4		2.3
Total restructuring and other similar charges	$	1.8	$	1.9	$	2.7	$	3.6

The following table summarizes the activity in the Company's restructuring accrual for the six months ended June 30, 2026 (in millions):


	Employee termination benefits		Contract termination and other associated costs		Total
Accrued restructuring costs, December 31, 2025 (1)	$	1.6	$	0.3	$	1.9

Charges	1.3		1.4		2.7
Cash payments	(1.6)		(1.7)		(3.3)

Accrued restructuring costs, June 30, 2026 (1)	$	1.3	$	—	$	1.3

(1)As of June 30, 2026 and December 31, 2025, the restructuring accrual is included in other current liabilities in the condensed consolidated balance sheets.