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BUSINESS DISPOSITIONS
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
BUSINESS DISPOSITIONS BUSINESS DISPOSITIONS
On April 10, 2025, the Company completed the sale of Giftcloud. Giftcloud is a non-core, UK-based business specializing in digitizing traditional plastic gift cards through an online platform and smartphone application. The Company sold 100% of Giftcloud shares in exchange for cash consideration of $17.1 million. The net proceeds received in the second quarter equate to $14.0 million, as the agreement included a holdback amount, subject to final adjustments. The remaining cash consideration was received in July 2025. The related cash activity is presented within Net cash provided by (used in) investing activities from continuing operations for the six months ended June 30, 2025.

We recognized a pre-tax gain on the sale of $10.7 million that is presented within Gain on sale of business on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025. The gain represents the excess of the net proceeds over the carrying value of the net assets sold and immaterial transaction costs.

The financial results of Giftcloud are presented within our International segment within income from continuing operations through the disposition date. Those financial results were not material for the three and six months ended June 30, 2025.