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RESTRUCTURING AND INTEGRATION EXPENSE (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring and integration expense

Restructuring and integration expense is reflected on the consolidated statements of income as follows for the years ended December 31:

(in thousands)						2023						2022						2021
Total cost of revenue						$	12,230					$	607					$	4,197
Operating expenses						78,245						62,529						54,750
Restructuring and integration expense						$	90,475					$	63,136					$	58,947

Restructuring and integration expense was comprised of the following for the years ended December 31:

(in thousands)						2023						2022						2021
External consulting and other costs						$	52,290					$	32,067					$	26,676
Employee severance benefits						18,103						12,829						9,076
Internal labor						8,723						7,989						7,948
Other						11,359						10,251						15,247
Restructuring and integration expense						$	90,475					$	63,136					$	58,947

Changes in restructuring and integration accruals

Changes in our restructuring and integration accruals were as follows:

(in thousands)						Employee severance benefits
Balance, December 31, 2020						$	6,798
Charges						10,897
Reversals						(1,821)
Payments						(10,202)
Balance, December 31, 2021						5,672
Charges						13,782
Reversals						(953)
Payments						(9,973)
Balance, December 31, 2022						8,528
Charges						18,653
Reversals						(550)
Payments						(16,942)
Balance, December 31, 2023						$	9,689

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- Definition

Tabular 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

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-Name Accounting Standards Codification
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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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