Restructuring Acquisition and Related Costs (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Restructuring and Related Activities [Abstract] |
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| Schedule of Restructuring, Acquisition and Related Costs |
The following table summarizes restructuring, acquisition and related costs recorded in the accompanying consolidated statements of operations for the periods indicated (in thousands):
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Year Ended December 31, |
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2025 |
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|
2024 |
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|
2023 |
|
2025 restructuring |
$ |
14,021 |
|
|
$ |
— |
|
|
$ |
— |
|
2024 restructuring |
|
5,698 |
|
|
|
10,486 |
|
|
|
— |
|
2022 restructuring |
|
— |
|
|
|
— |
|
|
|
8,961 |
|
2020 restructuring |
|
(3,595 |
) |
|
|
— |
|
|
|
2,853 |
|
Total restructuring related charges |
|
16,124 |
|
|
|
10,486 |
|
|
|
11,814 |
|
Acquisition and related charges |
|
6,528 |
|
|
|
3,223 |
|
|
|
1,000 |
|
Total restructuring, acquisition and related costs |
$ |
22,652 |
|
|
$ |
13,709 |
|
|
$ |
12,814 |
|
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| Summary of Restructuring Charges by Reportable Segment |
The following table summarizes restructuring costs associated with the 2025 restructuring program by reportable segment (in thousands):
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Year Ended December 31, |
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Cumulative Costs as of |
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2025 |
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|
December 31, 2025 |
|
Automation Enabling Technologies |
$ |
3,269 |
|
|
$ |
3,269 |
|
Medical Solutions |
|
7,325 |
|
|
|
7,325 |
|
Unallocated costs |
|
3,427 |
|
|
|
3,427 |
|
Total |
$ |
14,021 |
|
|
$ |
14,021 |
|
The following table summarizes restructuring costs associated with the 2024 restructuring program by reportable segment (in thousands):
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Year Ended December 31, |
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|
Cumulative Costs as of |
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|
2025 |
|
2024 |
|
|
December 31, 2025 |
|
Automation Enabling Technologies |
$ |
1,390 |
|
$ |
3,198 |
|
|
$ |
4,588 |
|
Medical Solutions |
|
4,276 |
|
|
6,769 |
|
|
|
11,045 |
|
Unallocated costs |
|
32 |
|
|
519 |
|
|
|
551 |
|
Total |
$ |
5,698 |
|
$ |
10,486 |
|
|
$ |
16,184 |
|
The following table summarizes restructuring costs associated with the 2022 restructuring program by reportable segment (in thousands):
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Year Ended December 31, |
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Cumulative Costs as of |
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|
2023 |
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|
December 31, 2025 |
|
Automation Enabling Technologies |
$ |
6,771 |
|
|
$ |
8,129 |
|
Medical Solutions |
|
1,359 |
|
|
|
1,415 |
|
Unallocated costs |
|
831 |
|
|
|
831 |
|
Total |
$ |
8,961 |
|
|
$ |
10,375 |
|
The following table summarizes restructuring costs associated with the 2020 restructuring program by reportable segment (in thousands):
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Year Ended December 31, |
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Cumulative Costs as of |
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|
2025 |
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|
2024 |
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|
2023 |
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|
December 31, 2025 |
|
Automation Enabling Technologies |
$ |
(3,595 |
) |
|
$ |
— |
|
|
$ |
2,853 |
|
|
$ |
10,232 |
|
Medical Solutions |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,716 |
|
Unallocated costs |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
173 |
|
Total |
$ |
(3,595 |
) |
|
$ |
— |
|
|
$ |
2,853 |
|
|
$ |
13,121 |
|
|
| Summary of Accrual Activities by Components Related to Company's Restructuring Programs |
The following table summarizes the accrual activities, by component, related to the Company’s restructuring programs recorded in the accompanying consolidated balance sheets (in thousands):
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Total |
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Employee Related |
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Facility Related |
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Facility Sale |
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Other |
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Balance at December 31, 2023 |
$ |
2,850 |
|
|
$ |
1,038 |
|
|
$ |
1,680 |
|
|
$ |
— |
|
|
$ |
132 |
|
Restructuring charges |
|
10,486 |
|
|
|
8,165 |
|
|
|
2,034 |
|
|
|
— |
|
|
|
287 |
|
Cash payments |
|
(5,898 |
) |
|
|
(3,469 |
) |
|
|
(2,007 |
) |
|
|
— |
|
|
|
(422 |
) |
Non-cash write-offs and other adjustments |
|
(687 |
) |
|
|
(44 |
) |
|
|
(646 |
) |
|
|
— |
|
|
|
3 |
|
Balance at December 31, 2024 |
|
6,751 |
|
|
|
5,690 |
|
|
|
1,061 |
|
|
|
— |
|
|
|
— |
|
Restructuring charges |
|
16,124 |
|
|
|
15,562 |
|
|
|
2,891 |
|
|
|
(4,077 |
) |
|
|
1,748 |
|
Cash payments |
|
(8,595 |
) |
|
|
(12,012 |
) |
|
|
(633 |
) |
|
|
5,537 |
|
|
|
(1,487 |
) |
Non-cash write-offs and other adjustments(1) |
|
(3,698 |
) |
|
|
649 |
|
|
|
(2,626 |
) |
|
|
(1,460 |
) |
|
|
(261 |
) |
Balance at December 31, 2025 |
$ |
10,582 |
|
|
$ |
9,889 |
|
|
$ |
693 |
|
|
$ |
— |
|
|
$ |
— |
|
(1)Non-cash charges primarily related to accelerated depreciation on a facility.
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