Restructuring and Other Cost Reduction Initiatives

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Other Cost Reduction Initiatives

13. Restructuring and Other Cost Reduction Initiatives

In January 2024, we initiated restructuring activities to optimize the organization following the disposal of our spine segment. During the three months ended March 31, 2025 and 2024, we recorded pre-tax charges of $1.4 million and $2.4 million, respectively, related to these activities. The restructuring charges incurred under this plan were primarily related to employee termination benefits. We have incurred pre-tax charges of $6.9 million from inception through March 31, 2025. We anticipate total charges of approximately $7 million related to this plan and we expect to complete this plan by the end of 2025.

Expenses related to previously disclosed restructuring plans initiated prior to 2024 and completed in 2024 were immaterial in the prior year period. See Note 18 to our consolidated financial statements included in our Annual Report for additional information on our previously disclosed restructuring plans.

The following table summarizes the liabilities directly attributable to us that were recognized under the plan we initiated in January 2024 and excludes non-cash charges (in thousands):


	Employee Termination Benefits			Other			Total
Balance as of December 31, 2024	$	1,875		$	20		$	1,895
Additions		1,371			61			1,432
Cash payments		(1,678	)		(61	)		(1,739	)
Balance as of March 31, 2025	$	1,568		$	20		$	1,588

ZimVie Inc. 10-Q