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Restructuring and Impairment Charges (Tables)
6 Months Ended
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 termination6,548 
Impairment charges3,724 
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,
20252025
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 termination1,803 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,
20252025
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 period4,322 
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 period52,341 
Amounts paid or otherwise settled during the period(16,364)
Accrued contract costs as of June 30, 2025
$37,734