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Restructuring and Related Charges
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges Restructuring and Related Charges
The Company incurs severance and other employee separation costs related to employee terminations that are not tied to a formal restructuring plan. The Company incurred $1.0 million and $1.3 million of severance and other employee separation charges during the three and six months ended June 30, 2024, respectively, and $1.3 million and $2.8 million during the three and six months ended June 30, 2025, respectively, related to the elimination of certain positions. These severance and other employee separation charges are included in Restructuring costs on the unaudited condensed consolidated statements of income.
The following details the changes in the Company’s severance and other employee separation costs restructuring liabilities during the six months ended June 30, 2024 and 2025 (in thousands):
Severance Restructuring Liability
Balance as of December 31, 2023$795 
Restructuring and other charges1,270 
Payments(1,630)
Balance as of June 30, 2024
$435 
Balance as of December 31, 2024(1)
$534 
Restructuring and other charges2,837 
Payments(2,833)
Balance as of June 30, 2025(1)
$538 
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(1)Restructuring liabilities are included in accounts payable and accrued expenses in the unaudited condensed consolidated balance sheets.
The Company evaluates its owned and leased real estate portfolio on an ongoing basis, which has resulted in the consolidation and sale of underutilized facilities. The Company recorded approximately $0.7 million and $0.8 million of right-of-use lease asset charges during the three and six months ended June 30, 2025, respectively, related to facilities that were consolidated during the period. The Company also recorded fixed asset impairment charges of approximately $0.7 million and $0.8 million during the three and six months ended June 30, 2025, respectively. There were no right-of-use lease asset charges or fixed asset impairment charges during the three and six months ended June 30, 2024. The Company recorded a net benefit related to the early termination and related extinguishment of lease liabilities of approximately $6.2 million during the six months ended June 30, 2024. These right-of-use lease asset and fixed asset impairment charges and net benefits from early lease terminations are included in Restructuring costs on the unaudited condensed consolidated statements of income.