Summary of Significant Accounting Policies	6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Condensed Consolidated Financial Statements presented herein have been prepared by the Company in accordance with the accounting policies described in its Annual Report on Form 10-K for the year ended December 31, 2025 and should be read in conjunction with the Notes to Consolidated Financial Statements which appear in that report. Tariff Refunds In February 2026, the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act ("IEEPA Tariffs") were not lawful. In March 2026, the Court of International Trade (“CIT”) ordered U.S. Customs and Border Protection (“CBP”) to begin the refund process for importers subject to IEEPA Tariffs, and in April 2026, CBP established an online portal through which importers may submit refund requests. The Company expects to receive $119.3 million in refunds, which represents the amount of IEEPA Tariffs the Company determined it paid while such tariffs were in effect from February 2025 through February 2026. The Company accounts for recoveries of previously incurred losses when realization is considered probable. The Company received $94.9 million of IEEPA Tariff refunds during each of the three and six months ended June 30, 2026. The Company also received $3.7 million of related interest income, which is included in interest expense, net in the Condensed Consolidated Statement of Income for the three and six months ended June 30, 2026. Based on the status of the refund process and information currently available, the Company determined that recovery of the remaining IEEPA Tariffs previously paid was probable and recorded a receivable of $24.4 million at June 30, 2026, which is included in prepaid expenses and other current assets in the Condensed Consolidated Balance Sheet. The Company recognized $104.8 million of the total expected recovery as a reduction of cost of sales, reflecting the reversal of IEEPA Tariff costs previously recognized in connection with inventory sold to customers, and reduced the carrying value of inventory by $14.5 million for IEEPA Tariff costs included in inventory on hand. The Company expects to pass through a portion of the IEEPA Tariff refunds received to certain customers. At June 30, 2026, the Company recorded a liability of $88.8 million, which is included in accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, and recorded a corresponding reduction to net sales during each of the three and six months ended June 30, 2026 related to IEEPA Tariff refunds expected to be passed through to customers. The ultimate amount and timing of any remaining recovery and related payments to customers remain subject to uncertainty, including the outcome of the U.S. government’s appeal of the CIT order. Any changes in the estimated recovery or related customer pass-through obligations will be recognized in the period in which such changes are determined. Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In December 2025, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which is intended to improve the navigability of the guidance in Accounting Standards Codification 270, Interim Reporting, and clarify when it applies. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. This ASU is effective for fiscal years beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which removes all references to software development project stages and requires entities to start capitalizing software costs when both of the following occur: (i) management has authorized and committed to funding the software project; and (ii) it is probable that the project will be completed and the software will be used to perform the function intended. This ASU is effective for fiscal years beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40), which requires disclosure of disaggregated information about specific categories underlying certain income statement expense line items in the notes to the financial statements for both annual and interim periods. This ASU is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance.

The Condensed Consolidated Financial Statements presented herein have been prepared by the Company in accordance with the accounting policies described in its Annual Report on Form 10-K for the year ended December 31, 2025 and should be read in conjunction with the Notes to Consolidated Financial Statements which appear in that report.

In February 2026, the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act ("IEEPA Tariffs") were not lawful. In March 2026, the Court of International Trade (“CIT”) ordered U.S. Customs and Border Protection (“CBP”) to begin the refund process for importers subject to IEEPA Tariffs, and in April 2026, CBP established an online portal through which importers may submit refund requests. The Company expects to receive $119.3 million in refunds, which represents the amount of IEEPA Tariffs the Company determined it paid while such tariffs were in effect from February 2025 through February 2026.

The Company accounts for recoveries of previously incurred losses when realization is considered probable. The Company received $94.9 million of IEEPA Tariff refunds during each of the three and six months ended June 30, 2026. The Company also received $3.7 million of related interest income, which is included in interest expense, net in the Condensed Consolidated Statement of Income for the three and six months ended June 30, 2026. Based on the status of the refund process and information currently available, the Company determined that recovery of the remaining IEEPA Tariffs previously paid was probable and recorded a receivable of $24.4 million at June 30, 2026, which is included in prepaid expenses and other current assets in the Condensed Consolidated Balance Sheet. The Company recognized $104.8 million of the total expected recovery as a reduction of cost of sales, reflecting the reversal of IEEPA Tariff costs previously recognized in connection with inventory sold to customers, and reduced the carrying value of inventory by $14.5 million for IEEPA Tariff costs included in inventory on hand.

The Company expects to pass through a portion of the IEEPA Tariff refunds received to certain customers. At June 30, 2026, the Company recorded a liability of $88.8 million, which is included in accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, and recorded a corresponding reduction to net sales during each of the three and six months ended June 30, 2026 related to IEEPA Tariff refunds expected to be passed through to customers.

The ultimate amount and timing of any remaining recovery and related payments to customers remain subject to uncertainty, including the outcome of the U.S. government’s appeal of the CIT order. Any changes in the estimated recovery or related customer pass-through obligations will be recognized in the period in which such changes are determined.

In December 2025, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which is intended to improve the navigability of the guidance in Accounting Standards Codification 270, Interim Reporting, and clarify when it applies. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. This ASU is effective for fiscal years beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which removes all references to software development project stages and requires entities to start capitalizing software costs when both of the following occur: (i) management has authorized and committed to funding the software project; and (ii) it is probable that the project will be completed and the software will be used to perform the function intended. This ASU is effective for fiscal years beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance.

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40), which requires disclosure of disaggregated information about specific categories underlying certain income statement expense line items in the notes to the financial statements for both annual and

interim periods. This ASU is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance.