XML 31 R20.htm IDEA: XBRL DOCUMENT v3.25.1
Severance Costs
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Severance Costs Severance Costs
We incurred severance and related employee benefits costs during 2025 and 2024 due to the reduction of headcount, as we continue to shift our business to a more capital-light model. The severance costs in the first quarter of 2025 recorded in “All Other” in the table below are primarily related to the transition of our digital subscriptions and content operations into a licensing model pursuant to the LMA. The severance costs in the first quarter of 2025 recorded in “Corporate” primarily related to brand marketing activities. Refer to Note 17, Segments, for further details. Severance costs are recorded in selling and administrative expenses in our condensed consolidated statements of operations, and in accrued salaries, wages, and employee benefits in our condensed consolidated balance sheets.
Severance costs in our condensed consolidated statements of operations were as follows (in thousands):
Three Months Ended
March 31,
20252024
Direct-to-Consumer$27 $8 
Corporate1,236 22 
All Other1,008 — 
Total$2,271 $30 
The following is a reconciliation of the beginning and ending severance costs balances recorded in accrued salaries, wages, and employee benefits in our condensed consolidated balance sheets (in thousands):
Employee Separation Costs
Balance at December 31, 2024$535 
Costs incurred and charged to expense2,271 
Costs paid or otherwise settled(853)
Balance at March 31, 2025$1,953