v3.26.1
Restructuring and Other Costs, Net
6 Months Ended
Jun. 30, 2026
Restructuring Costs [Abstract]  
Restructuring and Other Costs, Net

14. Restructuring and Other Costs, Net

The Company did not incur any restructuring costs during the six months ended June 30, 2026 and 2025. The Company incurred pre-tax restructuring costs of $13,996,000 during the fourth quarter of 2025.

The Company records restructuring charges when they are probable and estimable. Restructuring costs are accrued when the Company announces a restructuring event or communicates the employee termination, and the amounts can be reasonably estimated.

The following table summarizes the remaining costs in the Company’s accrued restructuring balances as of June 30, 2026. Severance and termination costs are included in “Accrued compensation and related costs” and lease termination costs are included in current and noncurrent “Operating lease liability” in the Consolidated Balance Sheets:

 

Restructuring Charges

 

Accrued compensation and related costs

 

 

Operating lease liability

 

 

Other accrued liabilities

 

 

Total

 

 

 

(In thousands)

 

Balance at December 31, 2025

 

$

1,291

 

 

$

3,868

 

 

$

289

 

 

$

5,448

 

Additions

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to accruals

 

 

(246

)

 

 

82

 

 

 

 

 

 

(164

)

Cash payments

 

 

(840

)

 

 

(857

)

 

 

(10

)

 

 

(1,707

)

Balance at June 30, 2026

 

$

205

 

 

$

3,093

 

 

$

279

 

 

$

3,577