XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.25.2

Restructuring and Other Related Charges | 6 Months Ended
--- | ---
Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Other Related Charges | Restructuring and Other Related Charges The Company recorded restructuring and other related charges of $3.5 million and $8.3 million for t he three and six months ended June 30, 2025, respectively, primarily related to the planned wind-down of a U.K. joint venture in its International segment and a restructuring plan related to its International segment (the “AMCNI Plan”) designed to achieve cost reductions and streamline operations in Southern Europe, including channel re-branding and a reduction of workforce. The Company will incur additional restructuring charges in connection with the AMCNI Plan, which is expected to be substantially completed by the end of 2025. Restructuring and other related charges were $2.9 million for t he three and six months ended June 30, 2024, consisting primarily of content impairments in connection wit h We TV shifting to a reduced originals strategy, a nd severance costs. The following table summarizes the restructuring and other related charges (credits) recognized by operating segment:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Domestic Operations | $ | (850) |  |  | $ | 2,931 |  |  | $ | (2,421) |  |  | $ | 2,931 |
International | 4,379 |  |  | — |  |  | 10,739 |  |  | — |
Total restructuring and other related charges | $ | 3,529 |  |  | $ | 2,931 |  |  | $ | 8,318 |  |  | $ | 2,931 |
The following table summarizes accrued restructuring and other related costs:
(In thousands) | Severance and Employee-Related Costs |  | Content Impairments and Other Exit Costs |  | Total
Balance at December 31, 2024 | $ | 4,884 |  |  | $ | 1,337 |  |  | $ | 6,221 |
Charges | 3,362 |  |  | 4,956 |  |  | 8,318 |
Cash payments | (7,178) |  |  | (742) |  |  | (7,920) |
Non-cash content impairment adjustments | — |  |  | (5,320) |  |  | (5,320) |
Other | (28) |  |  | 1,681 |  |  | 1,653 |
Balance at June 30, 2025 | $ | 1,040 |  |  | $ | 1,912 |  |  | $ | 2,952 |
Accrued restructuring and other related costs of $3.0 million and $6.2 million are included in Accrued liabilities in the condensed consolidated balance sheets at June 30, 2025 and December 31, 2024, respectively.

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 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration