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Impairment, Restructuring and Other Charges
3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Impairment, Restructuring and Other Charges Impairment, Restructuring and Other Charges
The following table details impairment, restructuring and other charges for each of the periods presented (in thousands):
Three Months Ended
March 31,
20252024
Asset impairment charges$— $5,492 
Restructuring and reorganization charges
— 821 
Impairment, restructuring and other charges$— $6,313 

Asset Impairments

We did not incur any asset impairment charges for the three months ended March 31, 2025. For the three months ended March 31, 2024, we recognized non-cash, pre-tax asset impairment charges of $5.5 million, related to several of our leased office spaces in the “Impairment, restructuring and other charges” line in our Condensed Consolidated Statements of Comprehensive Income (Loss). These charges were comprised of $5.1 million of operating lease right-of-use asset impairments and $0.4 million of property and equipment impairment for the three months ended March 31, 2024. Refer to Note 10Leases for additional information related to our lease impairment charges.

Restructuring

We did not incur any restructuring or reorganization charges for the three months ended March 31, 2025 and as of March 31, 2025, we had no restructuring accrual on our Condensed Consolidated Balance Sheet. For the three months ended March 31, 2024, we recognized $0.8 million of pre-tax restructuring charges in the “Impairment, restructuring and other charges” line in our Condensed Consolidated Statements of Comprehensive Income (Loss), primarily related to employee termination benefits as a result of our cost-reduction efforts. All of the restructuring charges were settled in cash and no equity awards were modified.