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Restructuring Activities
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
During the second half of 2023, we engaged a consulting firm to help review and analyze the structure and operations of the Company. This review included greater than 200 meetings with personnel at all levels of the firm and led to the initiation of our transformation program named "Project Elevate". The program involves the optimization and rationalization of our business resources as well as the partial reinvestment of savings into the Company's sales and marketing team, technology, and strategy. A business transformation office was established at the beginning of 2024 to manage and measure these initiatives. Reorganization cost reductions from Project Elevate during 2024 through 2026 are estimated to be $16.0 million. We expect to incur total restructuring charges of $10.1 million through the end of 2025. For the year ended December 31, 2024 and 2023, we recorded restructuring charges of $2.4 million and $5.7 million, respectively.
The following table summarizes the restructuring charges which are recorded in “Restructuring Expense” in the Consolidated Statement of Comprehensive Income.
In thousandsYear Ended December 31, 2024Year Ended December 31, 2023
Consulting expense$803 $4,579 
Severance1,112 169 
Facility, asset impairment and other expense
Lease impairment and termination expense98 798 
Fixed Asset disposal and impairment charges151 63 
Facility and other expenses238 78 
Total facility, asset impairment and other expense487 939 
Total$2,402 $5,687 
The following table summarizes the changes in liabilities related to restructuring activities:
Year Ended December 31, 2024
In thousandsConsulting
Severance
Facility, asset impairment and other expense
Total
Beginning balance:$3,574 $144 $38 $3,756 
Additions803 1,112 328 2,243 
Payments and adjustment(4,377)(1,146)(366)(5,889)
Ending balance:$— $110 $— $110