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Restructuring and integration expense (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring and integration expense

Restructuring and integration expense is reflected on the consolidated statements of comprehensive income (loss) as follows:

						Quarter Ended September 30,												Nine Months Ended September 30,
(in thousands)						2024						2023						2024						2023
Total cost of revenue						$	234					$	6,429					$	1,132					$	10,868
Operating expenses						11,031						22,935						35,899						60,067
Restructuring and integration expense						$	11,265					$	29,364					$	37,031					$	70,935

Restructuring and integration expense for each period was comprised of the following:

						Quarter Ended September 30,												Nine Months Ended September 30,
(in thousands)						2024						2023						2024						2023
External consulting and other costs						$	8,614					$	10,939					$	25,733					$	31,561
Employee severance benefits						902						11,179						2,459						17,526
Internal labor						381						2,469						1,602						6,341
Other						1,368						4,777						7,237						15,507
Restructuring and integration expense						$	11,265					$	29,364					$	37,031					$	70,935

Changes in restructuring and integration accruals

Changes in our restructuring and integration accruals were as follows:

(in thousands)						Employee severance benefits
Balance, December 31, 2023						$	9,689
Charges						2,961
Reversals						(502)
Payments						(9,212)
Balance, September 30, 2024						$	2,936

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- References

No definition available.

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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