Restructuring |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring | Restructuring Workforce Reduction Plans In 2025, the Company executed a workforce reduction plan (the “2025 Plan”), resulting in the elimination of 24 positions. The execution of the 2025 Plan was finalized in the fourth quarter of 2025. In February 2026, the Company implemented a new reduction plan (the “2026 Plan”), resulting in the elimination of 12 positions. The execution of the 2026 Plan was completed in the second quarter of 2026. The Company executed these actions as part of its broader efforts to improve cost efficiency and better align its operating structure with its strategic objectives, focusing on streamlining operations and automation initiatives. The restructuring charges attributable to the workforce reduction plans were immaterial for the three months ended June 30, 2026 and 2025, and $0.7 million for each of the six months ended June 30, 2026 and 2025, respectively. The restructuring charges for workforce reduction plans consisted primarily of cash expenditures for compensation, severance, and transition payments, employee benefits, payroll taxes and related facilitation costs. The component classified as discontinued operations incurred no restructuring costs in 2026 and $0.5 million and $1.2 million for the three and six months ended June 30, 2025, respectively. The reconciliation of the restructuring liability balances is as follows:
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