Restructuring

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

During the third quarter of 2024, management committed to an action to restructure certain parts of the Company with the primary intent of redeploying resources to support the Company's strategic investments ("Q3 2024 Action"). As a result, certain headcount reductions were necessary. Additionally, the Company planned for the end of life of certain solutions which resulted in impairments to capitalized internal-use software, as well as completed technologies and customer-related acquired intangible assets. The Company has incurred $63.8 million of restructuring charges related to this action through June 30, 2025. There were no material charges incurred during the three and six months ended June 30, 2025, and the Company does not expect to incur any material additional charges related to this action.

The Company also recognizes restructuring charges related to completed acquisitions for severance and related expenses paid to redundant employees, fees paid to terminate redundant contracts and impairments of redundant long-lived assets, primarily duplicative facility-related assets, acquired intangible assets and capitalized internal-use software. The Company does not expect to incur material additional charges related to past acquisitions.

The liability for restructuring charges for employee severance and related expenses is substantially included in other current liabilities on the consolidated balance sheets. The changes in the liability for all restructuring actions for the six months ended June 30, 2025 were as follows (in thousands):


	Q3 2024 Action		Acquisitions Related and Other		Total
Balance as of January 1, 2025	$	24,606	$	1,745	$	26,351
Costs incurred	432		1,647		2,079
Cash disbursements	(23,995)		(1,142)		(25,137)
Translation adjustments and other	274		52		326
Balance as of June 30, 2025	$	1,317	$	2,302	$	3,619