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RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
2024 Restructuring Plan
In the fourth quarter of 2024, the Company implemented a restructuring plan (the “2024 Restructuring Plan”) designed to better align its workforce and cost structure with the Company’s business needs, strategic priorities and ongoing commitment to profitable growth, while increasing operational efficiencies and reducing operating cost. The Company plans to complete its restructuring activities under the 2024 Restructuring Plan in the fourth quarter of 2025.
The following table presents the details of the Company’s restructuring and asset impairment charges under the 2024 Restructuring Plan for the three and six months ended June 30, 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(In thousands)
Employee severance and benefits $979 $— $4,350 $— 
Contract termination charges805 — 569 — 
Asset impairment1,538 — 1,565 — 
Total restructuring and asset impairment charges$3,322 $— $6,484 $— 
The following table provides information regarding changes in the Company’s accrued restructuring balances under the 2024 Restructuring Plan for the periods indicated:
Employee Severance and BenefitsContract Termination Charges Asset ImpairmentTotal
(In thousands)
Balance as of December 31, 2024$2,220 $766 $— $2,986 
Charges4,350 569 1,565 6,484 
Cash payments and receipts, net(5,180)(86)— (5,266)
Non-cash settlement and other(588)— (1,565)(2,153)
Balance as of June 30, 2025$802 $1,249 $— $2,051 
2023 Restructuring Plan
In the fourth quarter of 2023, the Company implemented a restructuring plan (the “2023 Restructuring Plan”) designed to increase operational efficiencies and execution, reduce operating costs, and better align the Company’s workforce and cost structure with current market conditions, and the Company’s business needs, strategic priorities and ongoing commitment to profitable growth. The Company completed its restructuring activities under the 2023 Restructuring Plan in the fourth quarter of 2024 and substantially all of the remaining liabilities as of December 31, 2024, were settled during the three months ended and six months ended June 30, 2025.