Restructuring and Other Charges

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

During the third quarter of 2025, we announced a plan to exit our operational activities in China by the end of 2025 as a means of reducing complexity and promoting long-term structural improvements for our business. As a result of this transition, we recorded restructuring and other charges of approximately $22.1 million during the year ended December 31, 2025. These charges were primarily related to severance and employee benefits and other direct costs associated with the restructuring, including lease related termination costs.

Restructuring and other charges is comprised of the following components:


	Year Ended December 31,
	2025
	(In thousands)
Employee severance and benefits	$	17,975
Lease termination and related charges	3,199
Other	951
Restructuring and other charges	$	22,125

We generally recognize employee severance costs when payments are probable and amounts are estimable or when notification occurs. Costs related to contracts without future benefit or subject to termination are recognized at the earlier of the contract termination or cease-use date. Other exit-related costs are recognized as incurred.

Accruals for remaining restructuring liabilities are included in the short term portion of other accrued liabilities on our consolidated balance sheet as of December 31, 2025. We completed effectively all of our restructuring activities as of December 31, 2025 and accordingly, substantially all payments have been made. The following table summarizes activity related to our consolidated balance sheet:


	Employee Severance and Benefits		Lease Termination and Related Charges		Other		Total Restructuring and Other Charges
	(In thousands)
Balance at December 31, 2024	$	—	$	—	$	—	$	—
Charges	17,975		3,199		951		22,125
Payments	(17,861)		(2,448)		(388)		(20,697)
Non-cash adjustments	—		(751)		(538)		(1,289)
Balance at December 31, 2025	$	114	$	—	$	25	$	139