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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | Revenue, cost of sales and gross profit for each of our reportable segments were as follows:
| Year Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Revenue: |  |  |  |  |
Healthcare Solutions | $ | 189,736 |  |  | $ | 213,216 |  |  | $ | 260,988 |
Industrial Solutions | 250,385 |  |  | 274,853 |  |  | 277,043 |
Total revenue | 440,121 |  |  | 488,069 |  |  | 538,031 |
Cost of sales: |  |  |  |  |
Healthcare Solutions | 116,237 |  |  | 128,066 |  |  | 162,221 |
Industrial Solutions | 159,706 |  |  | 163,582 |  |  | 161,577 |
Total cost of sales | 275,943 |  |  | 291,648 |  |  | 323,798 |
Gross profit: |  |  |  |  |
Healthcare Solutions | 73,499 |  |  | 85,150 |  |  | 98,767 |
Industrial Solutions | 90,679 |  |  | 111,271 |  |  | 115,466 |
Total gross profit | 164,178 |  |  | 196,421 |  |  | 214,233 |
Selling, general and administrative | (210,132) |  |  | (210,172) |  |  | (244,181) |
Research and development | (86,479) |  |  | (89,466) |  |  | (87,071) |
Asset impairment charges | (144,967) |  |  | (302,787) |  |  | — |
Foreign exchange gain (loss), net | 2,452 |  |  | (4,825) |  |  | (4,424) |
Interest income | 7,302 |  | 19,511 |  |  | 9,352 |
Interest expense | (2,564) |  |  | (3,301) |  |  | (2,811) |
Other income (loss), net | 20,214 |  | 32,307 |  |  | (5,907) |
Loss before income taxes | $ | (249,996) |  |  | $ | (362,312) |  |  | $ | (120,809) |
Depreciation and amortization included in the measurement of gross profit by segment were as follows:
| Year Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Depreciation and amortization: |  |
Healthcare Solutions | $ | 5,389 |  |  | $ | 4,593 |  |  | $ | 4,850 |
Industrial Solutions | $ | 2,947 |  |  | $ | 2,801 |  |  | $ | 2,461 |
Schedule of Long-Lived Assets by Geographical Region | The following table summarizes long-lived assets by geographic region as of December 31, 2024 and 2023:
|  |  | December 31,
(in thousands) |  | 2024 |  | 2023
United States |  |  | $ | 76,829 |  |  | $ | 94,734 |
Belgium |  | 19,598 |  |  | 21,524 |
Other foreign entities |  | 14,058 |  |  | 18,783 |
Total |  | $ | 110,485 |  |  | $ | 135,041 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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