Annual report pursuant to Section 13 and 15(d)

Restructuring (Tables)

v3.24.0.1
Restructuring (Tables)
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense

The table below presents the restructuring expense incurred:

 

 

 

Year Ended December 31, 2023

 

Operations and technology optimization

 

$

25,995

 

Compensation and benefits

 

 

11,320

 

Asset impairment and other termination costs

 

 

11,057

 

Total

 

$

48,372

 
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

 

Asset Impairment
and Other
Termination Costs

 

Total

 

Balance at January 1, 2023

 

$

—

 

$

—

 

$

—

 

$

—

 

Accrued costs

 

 

33,979

 

 

11,320

 

 

11,057

 

 

56,356

 

Payments

 

 

(28,093

)

 

(10,240

)

 

(10,620

)

 

(48,953

)

Non-cash adjustments

 

 

—

 

 

—

 

 

(437

)

 

(437

)

Balance at December 31, 2023

 

$

5,886

 

$

1,080

 

$

—

 

$

6,966