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Restructuring | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring | 18. Restructuring In January 2024, we initiated restructuring activities to better structure the organization to support our dental segment after the disposal of the spine segment. During the year ended December 31, 2024, we recorded pre-tax charges of $5.5 million related to these activities. The restructuring charges incurred under this plan were primarily related to employee termination benefits. We anticipate total pre-tax charges of approxima tely $6 to $7 mil lion related to this plan and we expect to complete this plan by the end of 2025. In April and July 2023, we initiated restructuring activities to better position our organization for future success based on the then-current business environment. These activities had the objective of reducing our global cost structure and streamlining our organizational infrastructure across all regions, functions and levels. During the year ended December 31, 2024 and 2023, we recorded pre-tax charges o f a negligible amount and $4.2 million, respectively, relat ed to these actions. The restruct uring charges incurred in the year ended December 31, 2023 under this plan were primarily related to employee termination benefits and professional fees. We have incurred pre-tax charges of $4.1 million from inception through December 31, 2024. This plan was substantially complete as of March 31, 2024. In June 2022, we initiated a restructuring plan with the objective of reducing costs and optimizing our global footprint. During the years ended December 31, 2024, 2023 and 2022 actions under this plan resulted in pre-tax charges of $0.2 million, $0.3 million and $2.5 million, respectively. The restructuring charges incurred under this plan were primarily related to employee termination benefits. We have incurred pre-tax charges of $3.0 million from inception through December 31, 2024. This plan was substantially complete as of June 30, 2024. The following table summarizes the liabilities directly attributable to us that were recognized under the plans discussed above and excludes non-cash charges (in thousands):
|  | Employee Termination Benefits |  |  | Other |  |  | Total |
Balance, December 31, 2022 |  | $ | 1,457 |  |  | $ | — |  |  | $ | 1,457 |
Additions |  |  | 2,811 |  |  |  | 1,679 |  |  |  | 4,490 |
Cash payments |  |  | (3,321 | ) |  |  | (1,679 | ) |  |  | (5,000 | )
Balance, December 31, 2023 |  |  | 947 |  |  |  | — |  |  |  | 947 |
Additions |  |  | 5,509 |  |  |  | 187 |  |  |  | 5,696 |
Cash payments |  |  | (4,581 | ) |  |  | (167 | ) |  |  | (4,748 | )
Balance, December 31, 2024 |  | $ | 1,875 |  |  | $ | 20 |  |  | $ | 1,895 |

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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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