v3.26.1
Restructuring Costs
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Costs Restructuring Costs
Fiscal 2025 Restructuring Programs
In 2025, the Company initiated a global restructuring program to align resources with strategic priorities and enhance operational efficiency through talent optimization (the “Fiscal 2025 restructuring programs”). The liability for the Fiscal 2025 restructuring programs was included in accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets. The following tables summarize the related activity for the quarter and six months ended June 30, 2026 (in thousands):
Accrual balance at March 31, 2026
$549 
Restructuring charges1,117 
Cash payments and adjustments(451)
Accrual balance at June 30, 2026
$1,215 
Accrual balance at December 31, 2025
$4,215 
Restructuring charges 2,810 
Cash payments and adjustments(5,810)
Accrual balance at June 30, 2026
$1,215 
At June 30, 2026, the Company incurred cumulative costs of $17.4 million for one-time termination benefits related to the Fiscal 2025 restructuring programs, which occurred in the U.S. and various international locations. The charges were recorded pursuant to ASC 420, Exit or Disposal Obligations. The Company does not anticipate incurring material additional expenses.