Restructuring and Reorganization Charges

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

Restructuring and Reorganization Charges

8. RESTRUCTURING AND REORGANIZATION CHARGES

During the first quarters of 2026 and 2025, we recorded restructuring and reorganization charges of $2.1 million and $7.4 million, respectively.

During the first quarter of 2026, we reduced our global workforce by approximately 40 employees as part of reorganization activities focused on cost efficiency actions to optimize our capacity and better align our resources. As a result, we incurred restructuring and reorganization charges related to involuntary terminations of $1.3 million.

The activity in the restructuring and reorganization reserves during the first quarter of 2026 was as follows (in thousands):


	Termination Benefits			Other			Total
January 1, 2026, balance	$	1,912		$	1,260		$	3,172
Charged to expense during period		1,342			767			2,109
Cash payments		(2,897	)		(1,895	)		(4,792	)
Other		48			-			48
March 31, 2026, balance	$	405		$	132		$	537

During the first quarter of 2026, we paid the final $1.2 million related to the exit of a reseller agreement that was acquired with the acquisition of Forte Payment Systems, Inc. in 2018.

As of March 31, 2026, all restructuring and reorganization reserves were included in current liabilities.