Long-lived Tangible Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-Lived Assets Classified as Held For Sale | Long-lived Tangible Assets Long-lived tangible assets by geographic area, which include property, plant, and equipment, net ("PP&E") and operating lease right-of-use assets, were as follows:
PP&E are shown net of accumulated depreciation of $170.0 million and $163.7 million at June 30, 2026 and December 31, 2025, respectively. Depreciation expense was $1.8 million and $2.4 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense was $3.7 million and $5.1 million for the six months ended June 30, 2026 and 2025, respectively. Long-Lived Assets Classified as Held For SaleDuring the three months ended June 30, 2026, the Company re-acquired certain manufacturing equipment within Mexico previously sold in December 2025 following an amendment to the original sales agreement under which legal title was returned to the Company and all payment obligations were waived. Management has committed to a plan to sell the equipment, which is available for immediate sale and is being actively marketed to potential buyers. The Company expects the sale to be completed within one year and has therefore classified the equipment as held for sale as of June 30, 2026.
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