XML 46 R16.htm IDEA: XBRL DOCUMENT v3.25.2

RESTRUCTURING CHARGE

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGE

RESTRUCTURING CHARGE

The Company recorded restructuring charges in the amount of $1,522, $2,131, and $9,011 during the years ended December 31, 2024, 2023, and 2022, respectively.

The restructuring charges during the year ended December 31, 2024 were primarily related to reorganization and consolidation activities in the Communications segment and Consumer Products segment, which consisted of reductions in workforce.

The restructuring charges during the year ended December 31, 2023 were primarily related to reorganization and consolidation activities in the Wealth Management segment, Communications segment, and Consumer Products 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 years ended December 31, 2024, 2023, and 2022:

			Year Ended December 31,
			2024						2023						2022
Balance, beginning of year			$	2,540					$	2,335					$	624
Restructuring charge			1,522						2,131						9,011
Cash paid			(2,158)						(2,253)						(2,712)
Non-cash items			(588)						327						(4,588)
Balance, end of year			$	1,316					$	2,540					$	2,335

The following table summarizes the restructuring activities by reportable segment during the years ended December 31, 2024, 2023, and 2022:

			Wealth Management						Communications																		Consumer Products						Total
Restructuring charges for the year ended December 31, 2024:
Employee termination costs			$	—					$	379																	$	1,143					$	1,522
Total restructuring charge			$	—					$	379																	$	1,143					$	1,522
Restructuring charges for the year ended December 31, 2023:
Employee termination costs			$	—					$	1,540																	$	530					$	2,070
Facility closure and consolidation charge			61						—																		—						61
Total restructuring charge			$	61					$	1,540																	$	530					$	2,131
Restructuring charges for the year ended December 31, 2022:
Employee termination costs			$	1,150					$	1,054																	$	—					$	2,204
Impairment of intangibles			2,012						2,162																		—						4,174
Facility closure and consolidation charge			1,792						841																		—						2,633
Total restructuring charge			$	4,954					$	4,057																	$	—					$	9,011

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