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Restructuring Charges

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring Charges

Note 19. Restructuring Charges

GES

As part of our efforts to drive efficiencies and simplify our business operations, we took certain restructuring actions designed to simplify and transform GES for greater profitability. These initiatives resulted in restructuring charges related to the elimination of certain positions and continuing to reduce our facility footprint at GES.

Other Restructurings

We recorded restructuring charges in connection with certain reorganization activities within Pursuit. These charges primarily consist of severance and related benefits due to headcount reductions.

Changes to the restructuring liability by major restructuring activity are as follows:

		GES								Other Restructurings
(in thousands)		Severance & Employee Benefits				Facilities				Severance & Employee Benefits				Total
Balance at December 31, 2023		$	1,634			$	1,378			$	—			$	3,012
Restructuring charges			103				13				—				116
Cash payments			(200	)			(34	)			—				(234	)
Adjustment to liability			—				(7	)			—				(7	)
Balance at March 31, 2024		$	1,537			$	1,350			$	—			$	2,887

As of March 31, 2024, $1.5 million of the liabilities related to severance and employee benefits and $1.1 million of liabilities related to facilities will remain unpaid by the end of 2024. The liabilities related to facilities primarily include dilapidations and non-lease expenses that will be paid over the remaining lease terms. Refer to Note 23 – Segment Information for information regarding restructuring charges by segment.

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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.

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