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Realignment Costs
3 Months Ended
Mar. 31, 2024
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 artificial intelligence 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. During the first quarter of 2024, the Company incurred realignment costs of $24 for the three months ended March 31, 2024 related to the aforementioned program. The 2023 Program activities have been broadly implemented across the Company’s various businesses with the intention that all actions, including payment of the termination benefits, will be substantially complete by the end of the second quarter of 2024.
Realignment costs by expense classification were as follows:
Three Months Ended
March 31, 2024
Cost of revenues:
Cost of subscriptions and licenses$(80)
Cost of services31 
Total cost of revenues(49)
Operating expenses:
Research and development(71)
Selling and marketing678 
General and administrative(534)
Total operating expenses73 
Total realignment costs$24 
Accruals and other current liabilities in the consolidated balance sheets included amounts related to the realignment activities as follows:
Balance, December 31, 2023$12,459 
Realignment costs24 
Payments(7,517)
Adjustments (1)
(272)
Balance, March 31, 2024$4,694 
(1)Adjustments include foreign currency translation.