v3.25.2
Restructuring, Impairment and Other Charges, net (Tables)
6 Months Ended
Jun. 30, 2025
Schedule of Restructuring, Impairment and Other Charges by Segment Recognized in Results of Operations

For the three months ended June 30, 2025 and 2024, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:

 

 

Employee Terminations

 

 

Other Charges

 

 

Total

 

Three Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

Capital Markets - Compliance and Communications Management

 

$

0.3

 

 

$

 

 

$

0.3

 

Investment Companies - Software Solutions

 

 

0.2

 

 

 

 

 

 

0.2

 

Investment Companies - Compliance and Communications Management

 

 

0.4

 

 

 

 

 

 

0.4

 

Corporate

 

 

 

 

 

0.1

 

 

 

0.1

 

Total

 

$

0.9

 

 

$

0.1

 

 

$

1.0

 

 

 

 

Employee Terminations

 

 

Other Charges

 

 

Total

 

Three Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

0.3

 

 

$

 

 

$

0.3

 

Capital Markets - Compliance and Communications Management

 

 

0.8

 

 

 

 

 

 

0.8

 

Investment Companies - Compliance and Communications Management

 

 

0.1

 

 

 

 

 

 

0.1

 

Corporate

 

 

 

 

 

0.1

 

 

 

0.1

 

Total

 

$

1.2

 

 

$

0.1

 

 

$

1.3

 

For the six months ended June 30, 2025 and 2024, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:

 

 

Employee Terminations

 

 

Other Charges

 

 

Total

 

Six Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

0.6

 

 

$

 

 

$

0.6

 

Capital Markets - Compliance and Communications Management

 

 

1.7

 

 

 

0.1

 

 

 

1.8

 

Investment Companies - Software Solutions

 

 

0.6

 

 

 

 

 

 

0.6

 

Investment Companies - Compliance and Communications Management

 

 

0.5

 

 

 

 

 

 

0.5

 

Corporate

 

 

0.3

 

 

 

0.1

 

 

 

0.4

 

Total

 

$

3.7

 

 

$

0.2

 

 

$

3.9

 

 

 

 

Employee Terminations

 

 

Other Charges

 

 

Total

 

Six Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

0.3

 

 

$

 

 

$

0.3

 

Capital Markets - Compliance and Communications Management

 

 

1.3

 

 

 

0.1

 

 

 

1.4

 

Investment Companies - Software Solutions

 

 

0.1

 

 

 

 

 

 

0.1

 

Investment Companies - Compliance and Communications Management

 

 

0.1

 

 

 

 

 

 

0.1

 

Corporate

 

 

1.1

 

 

 

0.1

 

 

 

1.2

 

Total

 

$

2.9

 

 

$

0.2

 

 

$

3.1

 

Employee Severance  
Schedule of Changes in the Employee Terminations Liability

The Company’s employee terminations liability is included in accrued liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets. Changes in the accrual for employee terminations during the six months ended June 30, 2025 were as follows:

 

 

Employee Terminations

 

Balance at December 31, 2024

 

$

1.8

 

Restructuring charges, net

 

 

3.7

 

Cash paid

 

 

(4.4

)

Balance at June 30, 2025

 

$

1.1