Restructuring, Impairment and Other Charges, net |
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring, Impairment and Other Charges, net | Note 5. Restructuring, Impairment and Other Charges, net Restructuring, Impairment and Other Charges, net recognized in Results of Operations The Company records restructuring charges associated with management-approved restructuring plans, which could include the elimination of job functions, closure or relocation of facilities, reorganization of operations, changes in management structure, workforce reductions or other actions. Restructuring charges may include ongoing and enhanced termination benefits related to employee separations, contract termination costs and other related costs associated with exit or disposal activities. Restructuring charges for employee terminations include management’s estimate as to the timing and amount of severance and actual results could differ from estimates. For the three months ended March 31, 2026 and 2025, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:
For the three months ended March 31, 2025, the Company recorded restructuring charges of $2.8 million related to employee termination costs for approximately 40 employees, primarily related to the reorganization of certain capital markets operations. All affected employees were terminated as of December 31, 2025. Restructuring Reserve – Employee Terminations 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 three months ended March 31, 2026 were as follows:
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