XML 49 R15.htm IDEA: XBRL DOCUMENT
v3.25.0.1

RESTRUCTURING CHARGE | 9 Months Ended
--- | ---
Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING CHARGE | RESTRUCTURING CHARGE During the three and nine months ended September 30, 2024, the Company recognized restructuring charges of $116 and $925, respectively, primarily related to reorganization and consolidation activities in the Communications segment and Consumer Products segment, which consisted of reductions in workforce. During the three and nine months ended September 30, 2023, the Company recognized restructuring charges of $228 and $949, respectively, primarily related to reorganization and consolidation activities in the Wealth Management segment, Communications segment, and Consumer Products segment, which consisted of reductions in workforce and facility closures. The following tables summarize the changes in accrued restructuring charge during the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Balance, beginning of period | $ | 1,047 |  |  | $ | 1,792 |  |  | $ | 2,542 |  |  | $ | 2,335 |
Restructuring charge | 116 |  |  | 228 |  |  | 925 |  |  | 949 |
Cash paid | 68 |  |  | (453) |  |  | (2,189) |  |  | (1,820) |
Non-cash items | (447) |  |  | 61 |  |  | (494) |  |  | 164 |
Balance, end of period | $ | 784 |  |  | $ | 1,628 |  |  | $ | 784 |  |  | $ | 1,628 |
The following table summarizes the restructuring activities by reportable segment during the three months ended September 30, 2024 and 2023.
| Wealth Management |  | Communications |  | Consumer Products |  | Total
Restructuring charges for the three months ended September 30, 2024: |  |  |  |  |  |  |
Employee termination | $ | — |  |  | $ | 116 |  |  | $ | — |  |  | $ | 116 |
Total restructuring charge | $ | — |  |  | $ | 116 |  |  | $ | — |  |  | $ | 116 |
Restructuring charges for the three months ended September 30, 2023: |  |  |  |  |  |  |
Employee termination | $ | — |  |  | $ | 145 |  |  | $ | 83 |  |  | $ | 228 |
Facility closure and consolidation | — |  |  | — |  |  | — |  |  | — |
Total restructuring charge | $ | — |  |  | $ | 145 |  |  | $ | 83 |  |  | $ | 228 |
The following table summarizes the restructuring activities by reportable segment during the nine months ended September 30, 2024 and 2023.
| Wealth Management |  | Communications |  | Consumer Products |  | Total
Restructuring charges for the nine months ended September 30, 2024: |  |  |  |  |  |  |
Employee termination | $ | — |  |  | $ | 379 |  |  | $ | 546 |  |  | $ | 925 |
Total restructuring charge | $ | — |  |  | $ | 379 |  |  | $ | 546 |  |  | $ | 925 |
Restructuring charges for the nine months ended September 30, 2023: |  |  |  |  |  |  |
Employee termination | $ | — |  |  | $ | 402 |  |  | $ | 486 |  |  | $ | 888 |
Facility closure and consolidation | 61 |  |  | — |  |  | — |  |  | 61 |
Total restructuring charge | $ | 61 |  |  | $ | 402 |  |  | $ | 486 |  |  | $ | 949 |

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