v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
There were no restructuring charges for the three months ended June 30, 2026 and 2025. Restructuring charges in the first quarter of 2026 consist of lease exit and termination costs related to excess manufacturing space as follows (in thousands):
Six Months Ended June 30,
20262025
Other295 — 
Total restructuring charges$295 $— 
Restructuring accruals and payments were as follows (in thousands):
Accrued restructuring charges at December 31, 2024$1,122 
Restructuring charges2,348
Cash payments(2,045)
Non-cash settlements(1,207)
Accrual at December 31, 2025218 
Restructuring charges295
Cash payments(463)
Accrual at June 30, 2026$50 
The restructuring accrual was included as a component of Accrued Liabilities on our Consolidated Balance Sheets. All of the restructuring charges recorded in 2026 were attributable to the Laser Products segment.