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Restructuring, Impairment and Other Charges, net | 12 Months Ended
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Dec. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring, Impairment and Other Charges, net | Note 6. Restructuring, Impairment and Other Charges, net Restructuring, Impairment and Other Charges, net recognized in Results of Operations For the year ended December 31, 2025, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:
|  | Employee Terminations |  |  | Impairment Charges |  |  | Other Charges |  |  | Total |
Capital Markets - Software Solutions |  | $ | 0.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.9 |
Capital Markets - Compliance and Communications Management |  |  | 2.7 |  |  |  | 3.9 |  |  |  | 0.1 |  |  |  | 6.7 |
Investment Companies - Software Solutions |  |  | 1.3 |  |  |  | — |  |  |  | — |  |  |  | 1.3 |
Investment Companies - Compliance and Communications Management |  |  | 0.7 |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.8 |
Corporate |  |  | 0.5 |  |  |  | — |  |  |  | 0.2 |  |  |  | 0.7 |
Total |  | $ | 6.1 |  |  | $ | 3.9 |  |  | $ | 0.4 |  |  | $ | 10.4 |
F or the year ended December 31, 2025, the Company recorded net restructuring charges of $6.1 million related to employee termination costs for approximately 90 employees, the majority of whom were terminated as of December 31, 2025. The restructuring actions were primarily related to the reorganization of certain capital markets and investment companies operations. For the year ended December 31, 2025, the Company also recorded $3.9 million of impairment charges related to certain software assets. For the year ended December 31, 2024, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:
|  | Employee Terminations |  |  | Impairment Charges |  |  | Other Charges |  |  | Total |
Capital Markets - Software Solutions |  | $ | 0.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.6 |
Capital Markets - Compliance and Communications Management |  |  | 2.4 |  |  |  | 0.6 |  |  |  | 0.3 |  |  |  | 3.3 |
Investment Companies - Software Solutions |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.5 |
Investment Companies - Compliance and Communications Management |  |  | 0.6 |  |  |  | — |  |  |  | — |  |  |  | 0.6 |
Corporate |  |  | 1.4 |  |  |  | — |  |  |  | 0.2 |  |  |  | 1.6 |
Total |  | $ | 5.5 |  |  | $ | 0.6 |  |  | $ | 0.5 |  |  | $ | 6.6 |
For the year ended December 31, 2024, the Company recorded net restructuring charges of $5.5 million related to employee termination costs for approximately 70 employees, substantially all of whom were terminated as of December 31, 2024. The restructuring actions were primarily related to the reorganization of certain capital markets operations and certain changes in management structure. For the year ended December 31, 2023, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:
|  | Employee Terminations |  |  | Other Restructuring Charges |  |  | Impairment Charges |  |  | Other Charges |  |  | Total |
Capital Markets - Software Solutions |  | $ | 2.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2.7 |
Capital Markets - Compliance and Communications Management |  |  | 4.9 |  |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.2 |  |  |  | 5.3 |
Investment Companies - Software Solutions |  |  | 0.6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.6 |
Investment Companies - Compliance and Communications Management |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Corporate |  |  | 0.9 |  |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 1.1 |
Total |  | $ | 9.2 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.4 |  |  | $ | 9.8 |
For the year ended December 31, 2023, the Company recorded net restructuring charges of $9.2 million related to employee termination costs for approximately 170 employees, substantially all of whom were terminated as of December 31, 2023. The restructuring actions were primarily related to the reorganization of certain capital markets operations. Restructuring Reserve – Employee Terminations The Company’s employee terminations liability is included in accrued liabilities on the Company’s audited Consolidated Balance Sheets. Changes in the accrual for employee terminations during the years ended December 31, 2025 and 2024 were as follows:
|  | December 31, |
|  | 2025 |  |  | 2024 |
Balance, beginning of year |  | $ | 1.8 |  |  | $ | 2.1 |
Restructuring charges, net |  |  | 6.1 |  |  |  | 5.6 |
Cash paid |  |  | (5.7 | ) |  |  | (5.8 | )
Other |  |  | — |  |  |  | (0.1 | )
Balance, end of year |  | $ | 2.2 |  |  | $ | 1.8 |

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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