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RESTRUCTURING EXPENSES

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

RESTRUCTURING EXPENSES

RESTRUCTURING EXPENSES

During 2022, the Company initiated restructuring activities intended to reduce expenses, consolidate certain segment corporate headquarters, and align the cost structure of the business with the Company's near-term revenue outlook. The Company has incurred aggregate expenses of $48.4 million since the inception of the restructuring activities in 2022. These costs were primarily comprised of early contract termination costs, employee severance, a reduction of management and information technology space and impairment of capitalized software for our other strategic initiatives and products. The Company will continue to monitor the impacts of changes in macroeconomic conditions on its businesses and may take additional steps to further adjust the Company's cost structure based on unfavorable changes in these conditions, which may result in further restructuring charges in future periods.

The Company had no restructuring activities during the three and six months ended June 30, 2025. The following tables summarize restructuring charges recorded within operating expenses in the condensed consolidated statements of earnings for the three and six months ended June 30, 2026:

			Three months ended June 30, 2026
(in thousands)			Progressive Leasing			Purchasing Power			Four			Other			Total
Severance			$	—		$	44		$	—		$	—		$	44
Total restructuring expenses			$	—		$	44		$	—		$	—		$	44

			Six months ended June 30, 2026
(in thousands)			Progressive Leasing			Purchasing Power			Four			Other			Total
Severance			$	526		$	3,387		$	—		$	—		$	3,913
Other restructuring activities			—			—			—			3			3
Total restructuring expenses			$	526		$	3,387		$	—		$	3		$	3,916

The following table summarizes the accrual and payment activity related to the restructuring program for the six months ended June 30, 2026 and 2025:

(in thousands)			Severance			Early contract termination costs			Other restructuring activities			Total
Balance at December 31, 2025			$	376		$	1,400		$	—		$	1,776
Charges			3,913			—			3			3,916
Cash payments			(2,219)			(1,400)			(3)			(3,622)
Balance at June 30, 2026			$	2,070		$	—		$	—		$	2,070

(in thousands)			Severance			Early contract termination costs			Other restructuring activities			Total
Balance at December 31, 2024			$	472		$	1,600		$	—		$	2,072
Charges			—			—			—			—
Cash payments			(245)			—			—			(245)
Balance at June 30, 2025			$	227		$	1,600		$	—		$	1,827

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- 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 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 2: 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 3: 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 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

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