In August 2025, the Company implemented a corporate realignment plan (the “2025 Corporate Realignment Plan”) that included the termination of approximately 25% of the Company’s workforce, a phased reduction of the Company’s facilities footprint, and other actions designed to significantly reduce operating costs and focus our resources on projects that we believe will deliver sustainable long-term growth, including improving our e-commerce presence. The reduction in force was substantially completed as of November 4, 2025, following the end of the sixty-day notification period required by the Worker Adjustment and Retraining Notification Act (the “WARN Act”). The Company anticipates completion of the 2025 Corporate Realignment Plan by the end of the third quarter of 2026.

For the three months ended June 30, 2026, restructuring charges were not significant. The Company’s restructuring charges by segment and unallocated corporate costs, which are recorded as restructuring expenses on the condensed consolidated statements of operations, were as follows (in thousands):









	Six Months Ended June 30, 2026
	Severance and Other Employee Costs (Benefit)		Non-Employee Contract Costs		Asset Impairments		Professional Fees		Total
TriLink	$	(422)	$	1,979	$	422	$	—	$	1,979
Cygnus	(3)		—		—		—		(3)
Corporate	(23)		—		—		892		869
Total	$	(448)	$	1,979	$	422	$	892	$	2,845

The following table summarizes the activity for accrued restructuring costs, which is recorded within accrued expenses and other current liabilities on the condensed consolidated balance sheets, as of the periods presented (in thousands):


	Severance and Other Employee Costs (Benefit)		Non-Employee Contract Costs		Asset Impairments		Professional Fees		Total
Balance as of December 31, 2025	$	2,042	$	—	$	—	$	176	$	2,218
Charges (benefit)	(448)		1,979		422		892		2,845
Non-cash benefit (charges)	248		—		(422)		—		(174)
Cash payments	(1,562)		(300)		—		(998)		(2,860)
Balance as of June 30, 2026	$	280	$	1,679	$	—	$	70	$	2,029

The Company is currently unable to reasonably estimate certain costs associated with the phased reduction of its facilities. Additional costs, which could be material, may be incurred as the Company implements and progresses through the phases of its restructuring plan.