RESTRUCTURING CHARGE

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGE The Company had $628 and no restructuring charges during the three months ended June 30, 2023 and 2022, respectively, and $721 and no restructuring charges during the six months ended June 30, 2023 and 2022, respectively. The

restructuring charges during the three and six months ended months ended June 30, 2023 were primarily related to reorganization and consolidation activities in the Wealth Management segment, Communications segment, and Consumer segment. Reorganization and consolidation activities consisted of reductions in workforce and facility closures.

The following tables summarize the changes in accrued restructuring charge during the three and six months ended months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Balance, beginning of period	$	1,996	$	599	$	2,335	$	624
Restructuring charge	628		—		721		—
Cash paid	(929)		(28)		(1,367)		(55)
Non-cash items	97		3		103		5
Balance, end of period	$	1,792	$	574	$	1,792	$	574

The following table summarizes the restructuring activities by reportable segment during the three and six months ended months ended June 30, 2023. There were no restructuring charges during the three and six months ended June 30, 2022.


	Wealth Management		Communications		Consumer		Total
Restructuring charges for the three months ended June 30, 2023:
Employee termination	$	—	$	197	$	403	$	600
Facility closure and consolidation	28		—		—		28
Total restructuring charge	$	28	$	197	$	403	$	628

Restructuring charges for the six months ended June 30, 2023:
Employee termination	$	—	$	257	$	403	$	660
Facility closure and consolidation	61		—		—		61
Total restructuring charge	$	61	$	257	$	403	$	721