Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.24.1.u1
Restructuring (Tables)
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense

The table below presents the restructuring expense for the program incurred:

 

 

Three Months Ended March 31,

 

Inception-to-Date

 

 

 

2024

 

2023

 

As of March 31, 2024

 

Operations and technology optimization

 

$

4,435

 

$

1,434

 

$

30,430

 

Compensation and benefits

 

 

24,603

 

 

659

 

 

35,923

 

Asset impairment and other termination costs

 

 

 

 

586

 

 

11,057

 

Total

 

$

29,038

 

$

2,679

 

$

77,410

 

Summary of changes in the restructuring liability

The table below presents a summary of changes in the restructuring liability:

 

 

 

Operations and Technology Optimization

 

Compensation and Benefits

 

Total

 

Balance at December 31, 2023

 

$

5,886

 

$

1,080

 

$

6,966

 

Accrued costs

 

 

10,392

 

 

24,603

 

 

34,995

 

Payments

 

 

(8,944

)

 

(24,018

)

 

(32,962

)

Balance at March 31, 2024

 

$

7,334

 

$

1,665

 

$

8,999