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Organizational Restructuring | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Organizational Restructuring | Organizational Restructuring On September 29, 2022, the Company communicated a workforce reduction as part of its broader efforts to improve cost efficiency and better align its operating structure and resources with strategic priorities (collectively, the "Restructuring Plan"). In addition to employee terminations, the Restructuring Plan included the reallocation of commercial and product development resources; reinvestment in and modernization of key technology platforms; consolidation of data storage and processing activities to reduce the Company's data center footprint; and reduction of other operating expenses, including software and facility costs. In connection with the Restructuring Plan, which was authorized by the Board on September 19, 2022, the Company incurred certain exit-related costs. The Restructuring Plan was substantially completed in 2024. The following table summarizes costs incurred related to the Restructuring Plan for the years ended December 31, 2024, 2023, and 2022.
| Years Ended December 31, |  |  |  |  |
(In thousands) | 2024 |  | 2023 |  | 2022 |  |  |
Severance and related costs | $ | 788 |  |  | $ | 5,464 |  |  | $ | 4,578 |  |  |  |  |  |
Other | 239 |  |  | 770 |  |  | 1,232 |  |  |  |  |  |
Total restructuring | $ | 1,027 |  |  | $ | 6,234 |  |  | $ | 5,810 |  |  |  |  |  |
The table below summarizes the changes in the accrued amounts for the years ended December 31, 2024 and 2023 and the balance of the restructuring liability as of December 31, 2024 and 2023, which is recorded in accrued expenses in the Consolidated Balance Sheets:
(In thousands) |  | Severance and Related Costs |  | Other |  | Total Restructuring Expense |  |  |  |  |  |
Restructuring expense |  | $ | 5,464 |  |  | $ | 770 |  |  | $ | 6,234 |  |  |  |  |  |  |
Payments |  | (5,140) |  |  | (664) |  |  | (5,804) |  |  |  |  |  |  |
Foreign exchange |  | (88) |  |  | — |  |  | (88) |  |  |  |  |  |  |
Accrued balance as of December 31, 2023 |  | $ | 1,524 |  |  | $ | 106 |  |  | $ | 1,630 |  |  |  |  |  |  |
Restructuring expense |  | 788 |  |  | 239 |  |  | 1,027 |  |  |  |  |  |  |
Payments |  | (2,316) |  |  | (151) |  |  | (2,467) |  |  |  |  |  |  |
Other |  | 323 |  |  | (171) |  |  | 152 |  |  |  |  |  |  |
Accrued balance as of December 31, 2024 |  | $ | 319 |  |  | $ | 23 |  |  | $ | 342 |  |  |  |  |  |  |

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- 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
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