XML 24 R17.htm IDEA: XBRL DOCUMENT
v3.25.2

Restructuring and Reorganization Charges | 6 Months Ended
--- | ---
Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Reorganization Charges | 7. RESTRUCTURING AND REORGANIZATION CHARGES During the second quarters of 2025 and 2024, we recorded restructuring and reorganization charges of $4.6 million and $7.1 million, respectively, and for the six months ended June 30, 2025 and 2024, we recorded restructuring and reorganization charges of $12.0 million and $9.1 million, respectively. During the six months ended June 30, 2025, we implemented the following restructuring and reorganizational activities: • We reduced our global workforce by approximately 150 employees, as part of cost efficiency actions to optimize our capacity and better align our resources. As a result, we incurred restructuring charges related to involuntary terminations of $7.7 million. • At the end of March 2025, we announced our plans to close our design and delivery center in Crawfordville, Florida in August 2025. All processing volumes done at this location are currently being transitioned to our two other design and delivery facilities. The closing of this facility will result in the elimination of approximately 100 employees in Florida, which is occurring in phases beginning in June 2025. Additional hires will be made at the other locations to absorb the additional volumes. As of June 30, 2025, all impacted employees have been notified and the related severance costs are being accrued over each employee's respective service period, which resulted in $2.0 million of expense during the second quarter of 2025. The total estimated cost of this facility closure, to include involuntary termination benefits, relocation costs, accelerated depreciation, and decommissioning work is expected to be approximately $5 million. As of June 30, 2025 we have incurred total expenses of $3.2 million, with the majority of the remaining costs expected to be incurred during the remainder of 2025. The activity in the restructuring and reorganization reserves during the six months ended June 30, 2025 was as follows (in thousands):
|  | Termination Benefits |  |  | Other |  |  | Total |
January 1, 2025, balance |  | $ | 1,202 |  |  | $ | 2,520 |  |  | $ | 3,722 |
Charged to expense during period |  |  | 9,727 |  |  |  | 2,229 |  |  |  | 11,956 |
Cash payments |  |  | (7,891 | ) |  |  | (3,131 | ) |  |  | (11,022 | )
Adjustment for accelerated depreciation |  |  | - |  |  |  | (358 | ) |  |  | (358 | )
Other |  |  | (517 | ) |  |  | - |  |  |  | (517 | )
June 30, 2025, balance |  | $ | 2,521 |  |  | $ | 1,260 |  |  | $ | 3,781 |
During the first quarter of 2025, we paid $1.3 million related to the exit of a reseller agreement that was acquired with the acquisition of Forte Payment Systems, Inc. in 2018. As of June 30, 2025, all restructuring and reorganization reserves were included in current liabilities.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration