XML 23 R15.htm IDEA: XBRL DOCUMENT
v3.24.3

Restructuring Charges | 9 Months Ended
--- | ---
Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Note 6 - Restructuring Charges On February 27, 2024, the Company announced that it adopted a restructuring plan (the “Restructuring Plan”) t o reduce its global workforce by approximately 350 roles to better align its operating model with future strategic priorities and to drive stronger operating leverage. The Restructuring Pla n was completed in the third quarter of 2024, and the Company incurred approximately $20.4 million of total non-recurring charges through the third quarter of 2024, consisting primarily of employee severance, benefits, and related charges for impacted employees. The following table presents the total non-recurring restructuring charges by function for the periods indicated (in thousands):
|  |  |  | Three Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2024 |
Cost of revenue |  |  |  | $ | (34 | ) |  | $ | 972 |
Selling and marketing |  |  |  |  | (3 | ) |  |  | 3,244 |
General and administrative |  |  |  |  | 21 |  |  |  | 6,093 |
Product development |  |  |  |  | 598 |  |  |  | 10,046 |
Total |  |  |  | $ | 582 |  |  | $ | 20,355 |
The Company did no t record any restructuring charges for the three and nine months ended September 30, 2023. As of September 30, 2024, the remaining $1.3 million restructuring liability consists primarily of accrued severance costs, which are included in "Accrued expenses and other current liabilities" in the accompanying condensed consolidated balance sheets. The following table summarizes the restructuring-related liabilities (in thousands):
|  | Employee Related Benefits |  |  | Other |  |  | Total |
Balance as of December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring charges |  |  | 19,032 |  |  |  | 1,323 |  |  |  | 20,355 |
Cash payments |  |  | (17,875 | ) |  |  | (1,212 | ) |  |  | (19,087 | )
Balance as of September 30, 2024 |  | $ | 1,157 |  |  | $ | 111 |  |  | $ | 1,268 |

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 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
Name: | us-gaap_RestructuringImpairmentAndOtherActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration