v3.26.1
LEASES
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES LEASES
The Company has operating leases for corporate office space and certain equipment. The leases have original terms from one year to ten years, some of which include options to renew the lease, and are included in the lease term when it is reasonably certain that the Company will exercise the option. No leases include options to purchase the leased property. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We do not have any lease agreements with related parties.

The components of lease cost were as follows (in thousands):

For the Three Months Ended March 31,
20262025
Operating lease cost(1)
$325 $425 
(1) Includes short-term lease costs and variable lease costs, which are immaterial.

Supplemental cash flow information related to leases was as follows (in thousands):

For the Three Months Ended March 31,
20262025
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases$557 $555 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$909 $— 
Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount):

March 31, 2026December 31, 2025
Operating lease right-of-use-assets (as reported)$4,562 $4,366 
Operating lease liabilities - current (as reported)1,292 1,788 
Operating lease liabilities - non-current (as reported)7,881 7,390 
Total operating lease liabilities$9,173 $9,178 
Weighted Average Remaining Lease Term (in years)
Operating leases6.9 years6.8 years
Weighted Average Discount Rate
Operating leases5.6 %5.3 %

The Company reviews its right-of-use ("ROU") assets for impairment if indicators of impairment exist. If impairment indicators exist, we compare the fair value of the ROU asset to its carrying value. If the carrying value exceeds the fair value, an impairment loss is recorded. During the fourth quarter of 2025, due to headcount reductions related to restructurings, the Company began a search to sublease certain office space and performed an impairment analysis of the respective lease agreement. The fair value was determined using the present value of the expected sublease rentals that the Company expects could be generated over the remaining lease term. As a result, the Company recorded an impairment charge of $1.4 million in the fourth quarter of 2025, of which the ClearanceJobs segment was allocated $0.6 million and the Dice segment was allocated $0.8 million. No impairment was recorded during the three month period ended March 31, 2026.

As of March 31, 2026, future operating lease payments were as follows (in thousands):

Operating Leases
April 1, 2026 through December 31, 2026$1,355 
20271,486 
20281,519 
20291,552 
20301,568 
2031 and thereafter3,644 
Total lease payments$11,124 
Less: imputed interest(1,951)
Total$9,173 
As of March 31, 2026 the Company has no operating or finance leases that have not yet commenced.