XML 31 R24.htm IDEA: XBRL DOCUMENT v3.25.2
Severance and Strategic Transformation Costs
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Severance and Strategic Transformation Costs

15. Severance and strategic transformation costs

In 2024 and 2025, the Company has executed a series of individual actions, referred to as strategic transformation actions. Strategic transformation costs include one-time employee termination benefits, strategic transformation consulting expenses, as well as other incremental costs resulting from these actions. Employee termination benefits are recorded in accordance with standard Company policy. Strategic transformation costs are recognized in the Company's condensed consolidated financial statements in accordance with GAAP. Charges are recorded when such actions are approved, communicated, and/or implemented. Amounts remaining to be paid for any strategic transformation costs are $3,772 and included in accrued expenses on the condensed consolidated balance sheet as of June 30, 2025.

In the three months ended June 30, 2025 and 2024, the Company recorded charges of $2,541 and $5,297, respectively, in connection with individual strategic transformation actions. For the three months ended June 30, 2025 and 2024, these charges consist of $601 and $0 recorded as cost of sales, $99 and $233 recorded as research and development expense, $1,022 and $44 as sales and marketing expense, and $819 and $5,020 as general and administrative expenses, respectively. In the six months ended June 30, 2025 and 2024, the Company recorded charges of $6,006 and $13,956, respectively, in connection with individual strategic transformation actions. For the six months ended June 30, 2025 and 2024, these charges consist of $887 and $69 recorded as cost of sales, $1,923 and $1,769 recorded as research and development expense, $1,325 and $4,826 as sales and marketing expense, and $1,871 and $7,292 as general and administrative expenses, respectively.