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COST OPTIMIZATION PROGRAMS | 12 Months Ended
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Dec. 31, 2025
Restructuring and Related Activities [Abstract] |
COST OPTIMIZATION PROGRAMS | COST OPTIMIZATION PROGRAMS During the quarter ended June 30, 2025, the Company initiated the 2025 Cost Optimization Program to improve utilization and profitability. This program has and is expected to continue to include workforce reductions. The Company expects to complete all restructuring actions commenced under the 2025 Cost Optimization Program by the end of the second quarter of 2026 and to incur additional charges of approximately $25.0 million. The actual amount and timing of severance and other costs are dependent in part upon local country processes and regulations and may differ from our current expectations and estimates. During the quarter ended June 30, 2024, the Company initiated the 2024 Cost Optimization Program to streamline operations and optimize corporate functions. This program included workforce reductions and contract terminations. As of June 30, 2025, the Company had completed all restructuring actions commenced under the 2024 Cost Optimization Program. During the quarter ended September 30, 2023, the Company initiated the 2023 Cost Optimization Program to streamline operations and optimize corporate functions. This program included workforce reductions and closure of underutilized facilities. As of June 30, 2024, the Company had completed all restructuring actions commenced under the 2023 Cost Optimization Program. The total costs related to the cost optimization programs are classified in selling, general and administrative expenses in the consolidated statements of income. The Company did not allocate these charges to individual segments as they are not considered by the chief operating decision maker during the review of segment results. Accordingly, such expenses are presented in our segment reporting as part of “Other unallocated expenses” (See Note 19 “Segment Information”). Activity in the Company’s restructuring reserves for the year ended December 31, 2025 was as follows:
| Balance at December 31, 2024 |  | Charges |  | Payments Made |  |  | Balance at December 31. 2025
2025 Cost Optimization Program |  |  |  |  |  |  |  |
Employee separation costs | $ | — |  | $ | 41,836 |  | $ | (36,693) |  |  | $ | 5,143
2024 Cost Optimization Program |  |  |  |  |  |  |  |
Employee separation costs | 1,763 |  | 6,057 |  | (7,266) |  |  | 554
Total | $ | 1,763 |  | $ | 47,893 |  | $ | (43,959) |  |  | $ | 5,697
Activity in the Company’s restructuring reserves for the year ended December 31, 2024 was as follows:
| Balance at December 31, 2023 |  | Charges |  | Payments Made |  |  | Balance at December 31. 2024
2024 Cost Optimization Program |  |  |  |  |  |  |  |
Employee separation costs | $ | — |  | $ | 21,969 |  | $ | (20,206) |  |  | $ | 1,763
Contract termination charges | — |  | 286 |  | (286) |  |  | —
2023 Cost Optimization Program |  |  |  |  |  |  |  |
Employee separation costs | 6,966 |  | 9,015 |  | (15,981) |  |  | —
Total | $ | 6,966 |  | $ | 31,270 |  | $ | (36,473) |  |  | $ | 1,763
During the year ended December 31, 2023, the Company recorded restructuring charges in connection with the 2023 Cost Optimization Program of $29.0 million in employee separation costs and $6.1 million in facility exit costs. Facility exit costs generally reflect the accelerated rent expense for ROU assets, expected lease termination costs, or costs that will continue to be incurred under the facility lease without future economic benefit to the Company.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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