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Note 14 - Restructuring Costs
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

14.

Restructuring Costs

 

On an ongoing basis, the Company reviews the global economy, the healthcare industry, and the markets in which it competes to identify operational efficiencies and align its cost base and infrastructure with customer needs and its strategic plans. In order to realize these goals, the Company undertakes activities from time to time to optimize its business.

 

 

During the three months ended March 31, 2025, the Company initiated additional restructurings for which it expects to incur $0.1 million of costs, primarily consisting of severance incurred in connection with headcount reductions in North America and Europe. The Company expects the restructuring to be completed during the year ended December 31, 2025. There were no restructuring costs incurred during the three months ended March 31, 2024. Severance and other costs have been included as a component of other operating expenses (see Note 1). The changes in the accrued liability for restructuring and other charges for the three months ended March 31, 2025 were as follows:

 

(in thousands)

  

Severance

   

Other

   

Total

 

Balance at December 31, 2024

   $ 82     $ -     $ 82  

Restructuring costs

     91       2       93  

Cash payments

     (82 )     -       (82 )

Balance at March 31, 2025

   $ 91     $ 2     $ 93