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Restructuring

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During the year ended December 31, 2024, the Company implemented a restructuring plan (the "2024 Plan") to optimize future growth and profitability through a workforce reduction.

Restructuring charges for the 2024 Plan incurred to date and for the year ended December 31, 2024, by type of charge and reportable segment are as follows:

			Executive Search
			Americas						Europe						Asia Pacific						On-Demand Talent						Heidrick Consulting						Global Operations Support						Total
Employee related			$	1,277					$	876					$	157					$	286					$	3,367					$	976					$	6,939

During the year ended December 31, 2020, the Company implemented a restructuring plan (the "2020 Plan") to optimize future growth and profitability. The primary components of the 2020 Plan included a workforce reduction, a reduction of the Company's real estate expenses and professional fees, and the elimination of certain deferred compensation programs. The Company did not incur any charges under the 2020 Plan during the years ended December 31, 2022, 2023, and 2024 and does not anticipate incurring any future charges under the 2020 Plan. The final employee related restructuring accruals associated with the 2020 plan were settled during the year ended December 31, 2023.

Changes in the restructuring accrual for the years ended December 31, 2024, 2023, and 2022, were as follows:

						Employee Related						Office Related						Other						Total
Accrual balance at December 31, 2021						8,394						—						—						8,394
Cash payments						(4,853)						—						—						(4,853)
Non-cash write-offs						(34)						—						—						(34)
Exchange rate fluctuations						(85)						—						—						(85)
Accrual balance at December 31, 2022						$	3,422					$	—					$	—					$	3,422
Cash payments						(3,516)						—						—						(3,516)
Exchange rate fluctuations						94						—						—						94
Accrual balance at December 31, 2023						$	—					$	—					$	—					$	—
Restructuring charges						6,939						—						—						6,939
Cash payments						(4,344)						—						—						(4,344)
Non-cash write-offs						(6)						—						—						(6)
Other						(116)						—						—						(116)
Exchange rate fluctuations						33						—						—						33
Accrual balance at December 31, 2024						$	2,506					$	—					$	—					$	2,506

Restructuring accruals of $2.5 million associated with the 2024 Plan are recorded within Other current liabilities in the Consolidated Balance Sheets as of December 31, 2024.

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- References

No definition available.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/420/tableOfContent

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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