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Restructuring and Acquisition Related Costs (Tables)
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Acquisition Related Costs

The following table summarizes restructuring and acquisition related costs recorded in the accompanying consolidated statements of operations (in thousands):

 

Year Ended December 31,

 

 

2023

 

 

2022

 

 

2021

 

2022 restructuring

$

8,961

 

 

$

1,414

 

 

$

 

2020 restructuring

 

2,853

 

 

 

2,994

 

 

 

8,133

 

2019 restructuring

 

 

 

 

 

 

 

208

 

Total restructuring related charges

$

11,814

 

 

$

4,408

 

 

$

8,341

 

Acquisition and related charges

$

1,000

 

 

$

(24

)

 

$

9,679

 

Total restructuring, acquisition and related costs

$

12,814

 

 

$

4,384

 

 

$

18,020

 

Summary of Restructuring Charges by Reportable Segment

The following table summarizes restructuring costs associated with the 2022 restructuring program by reportable segment (in thousands):

 

Year Ended December 31,

 

 

Cumulative Costs as of

 

 

2023

 

2022

 

 

December 31, 2023

 

Precision Medicine and Manufacturing

$

1,899

 

$

1,162

 

 

$

3,061

 

Medical Solutions

 

1,188

 

 

56

 

 

 

1,244

 

Robotics and Automation

 

5,043

 

 

196

 

 

 

5,239

 

Unallocated Corporate and Shared Services

 

831

 

 

 

 

 

831

 

Total

$

8,961

 

$

1,414

 

 

$

10,375

 

 

The following table summarizes restructuring costs associated with the 2020 restructuring program by reportable segment (in thousands):

 

Year Ended December 31,

 

 

Cumulative Costs as of

 

 

2023

 

2022

 

2021

 

 

December 31, 2023

 

Precision Medicine and Manufacturing

$

2,220

 

$

2,537

 

$

3,085

 

 

$

8,582

 

Medical Solutions

 

 

 

217

 

 

813

 

 

 

2,360

 

Robotics and Automation

 

633

 

 

238

 

 

4,206

 

 

 

5,601

 

Unallocated Corporate and Shared Services

 

 

 

2

 

 

29

 

 

 

173

 

Total

$

2,853

 

$

2,994

 

$

8,133

 

 

$

16,716

 

Summary of Accrual Activities by Components Related to Company's Restructuring Charges

The following table summarizes the accrual activities, by component, related to the Company’s restructuring charges recorded in the accompanying consolidated balance sheets (in thousands):

 

Total

 

 

Employee Related

 

 

Facility Related

 

 

Other

 

Balance at December 31, 2021

$

2,686

 

 

$

2,107

 

 

$

550

 

 

$

29

 

Restructuring charges

 

4,408

 

 

 

2,029

 

 

 

1,995

 

 

 

384

 

Cash payments

 

(3,486

)

 

 

(2,198

)

 

 

(931

)

 

 

(357

)

Non-cash write-offs and other adjustments

 

(1,198

)

 

 

(36

)

 

 

(1,162

)

 

 

 

Balance at December 31, 2022

 

2,410

 

 

 

1,902

 

 

 

452

 

 

 

56

 

Restructuring charges

 

11,814

 

 

 

5,832

 

 

 

4,452

 

 

 

1,530

 

Cash payments

 

(8,867

)

 

 

(6,675

)

 

 

(1,379

)

 

 

(813

)

Non-cash write-offs and other adjustments (1)

 

(2,507

)

 

 

(21

)

 

 

(1,845

)

 

 

(641

)

Balance at December 31, 2023

$

2,850

 

 

$

1,038

 

 

$

1,680

 

 

$

132

 

(1) Non-cash write-offs and other adjustments included impairment of assets amounting to $2.5 million.