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Restructuring Activities
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Activities
19.Restructuring Activities
In connection with an initiative to streamline our organizational structure to support the achievement of our strategic and executional imperatives, during June 2024, the Company initiated a restructuring initiative consisting primarily of employee separation costs, which the Company determined were probable and reasonably estimable.
During the three and six months ended June 30, 2024, costs incurred under this initiative were $11.3 million. Of this total cost, $6.3 million was included within cost of sales, $2.9 million was included within general and administrative expense and the remainder was included within sales and marketing expense on the condensed consolidated statements of operations. The initiative impacted all three of our reportable segments, with approximately $5.7 million being charged to Mobility and the remaining amount divided evenly between Corporate Payments and Benefits. Accrued but unpaid charges related to this initiative as of June 30, 2024 were $10.9 million. The remaining accrual balance is expected to be paid within 2024.