XML 45 R31.htm IDEA: XBRL DOCUMENT v3.24.0.1
Realignment Costs
12 Months Ended
Dec. 31, 2023
Postemployment Benefits [Abstract]  
Realignment Costs Realignment Costs
During the fourth quarter of 2023, the Company approved a strategic realignment program to better serve the Company’s accounts and to better align resources with the strategy of the business, including reinvestment in go-to-market functions, as well as in AI product development (the “2023 Program”). The Company incurred realignment costs of $12,579 for the year ended December 31, 2023 related to the aforementioned program, which represents termination benefits for colleagues whose roles were impacted. The 2023 Program activities have been broadly implemented across the Company’s various businesses with the intention that substantially all actions, including payment of the termination benefits, will be fully completed by mid‑2024.
Realignment costs by expense classification were as follows:
Year Ended
December 31,
2023
Cost of revenues:
Cost of subscriptions and licenses$839 
Cost of services1,246 
Total cost of revenues2,085 
Operating expenses:
Research and development4,995 
Selling and marketing4,012 
General and administrative1,487 
Total operating expenses10,494 
Total realignment costs$12,579 
Accruals and other current liabilities in the consolidated balance sheets included amounts related to the realignment activities as follows:
Balance, December 31, 2022$— 
Realignment costs12,579 
Payments(268)
Adjustments (1)
148 
Balance, December 31, 2023$12,459 
(1)Adjustments includes foreign currency translation.