Restructuring (Tables)

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of Major Classes of Assets and liabilities of Disposal Group

As of September 30, 2025, the net carrying amounts of the major classes of assets and liabilities of the Disposal Group were as follows (in thousands):


	Amount
Right of use asset, net	$	127,914
Property and equipment, net	76,787
Less: Impairment of assets held for sale	(97,038)
Assets held for sale	$	107,663
Current portion of finance lease liabilities	$	2,036
Non-current finance lease liabilities	49,399
Liabilities held for sale	$	51,435

Schedule of Restructuring and Related Costs


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024

Severance and employee benefit costs	$	347	4,245		5,070		9,765
Impairment of long-lived assets	1,230		—		1,578		1,669
Total other restructuring charges (1)	$	1,577	$	4,245	$	6,648	$	11,434

(1) Restructuring charges of $1.5 million and $0.1 million are included in Research and development and Selling, general, and administrative expenses, respectively, in the Consolidated Statements of Operations for the three months ended September 30, 2025. Restructuring charges of $3.1 million and $3.6 million are included in Research and development and Selling, general, and administrative expenses, respectively, in the Consolidated Statements of Operations for the nine months ended September 30, 2025. Restructuring charges of $0.4 million and $3.8 million are included in Research and development and Selling, general, and administrative expenses, respectively, in the Consolidated Statements of Operations for the three months ended September 30, 2024. Restructuring charges of $0.5 million, $2.3 million and $8.6 million are included in Cost of sales, Research and development and Selling, general, and administrative expenses, respectively, in the Consolidated Statements of Operations for the nine months ended September 30, 2024.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

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