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Severance Costs
6 Months Ended
Jun. 30, 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. Severance costs recorded in “All Other” in the table below for the three and six months ended June 30, 2025 were primarily related to the transition of our digital subscriptions and content operations into a licensing model pursuant to the LMA, which we expect to complete in 2026. Severance costs recorded in “Corporate” for the three and six months ended June 30, 2025 were 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
June 30,
Six Months Ended
June 30,
2025202420252024
Direct-to-Consumer$25 $19 $52 $27 
Corporate117 19 1,353 41 
All other180 101 1,188 101 
Total$322 $139 $2,593 $169 
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 expense2,593 
Costs paid or otherwise settled(1,528)
Balance at June 30, 2025$1,600