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Restructuring and Impairment Charges (Tables) | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | Since the Discontinuation and Reduction started in December 2024 through the six months ended June 30, 2025, the Company has incurred the following restructuring and impairment charges (in thousands):
Employee termination benefits | $ | 14,797 |
Costs for ongoing contracts and terminated contracts | 54,098 |
Acceleration of expense for change in useful life estimate and lease termination | 6,548 |
Impairment charges | 3,724 |
Total restructuring and impairment charges | $ | 79,167 |
The Company incurred the following restructuring and impairment charges for the three and six months ended June 30, 2025, which are recorded in the consolidated statements of operations (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2025
Employee termination benefits | $ | 813 |  |  | $ | 4,322 |
Costs for ongoing contracts and terminated contracts | 23,466 |  |  | 52,341 |
Acceleration of expense for change in useful life estimate and lease termination | 1,803 |  |  | 6,548 |
Impairment charges | — |  |  | 3,724 |
Total restructuring and impairment charges | $ | 26,082 |  |  | $ | 66,935 |
Additionally, the Company abandoned certain other leasehold improvements, software, and right of use assets in the second quarter of 2025, and as a result, the Company accelerated depreciation and rent expense and recorded the following in the condensed consolidated statements of operations (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2025
Accelerated depreciation related to leasehold improvements and software | $ | 1,072 |  |  | $ | 1,790 |
Charges related to termination of lease | 731 |  |  | 4,758 |
Total | $ | 1,803 |  |  | $ | 6,548 |
Schedule of Employee Termination Benefits | The following table shows the liability related to employee termination benefits as of June 30, 2025 (in thousands):
| Employee Termination Benefits
Accrued employee termination benefits as of December 31, 2024 | $ | 10,475 |
Employee termination benefits charges incurred during period | 4,322 |
Amounts paid or otherwise settled during the period | (8,205) |
Accrued employee termination benefits as of June 30, 2025 | $ | 6,592 |
Schedule of Contract Termination Costs | The following table shows the liability related to costs for ongoing contracts and contract termination costs as of June 30, 2025 (in thousands):
| Contract Costs
Accrued contract costs as of December 31, 2024 | $ | 1,757 |
Contract costs incurred during the period | 52,341 |
Amounts paid or otherwise settled during the period | (16,364) |
Accrued contract costs as of June 30, 2025 | $ | 37,734 |

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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 + Details
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