During the first quarter of fiscal year 2026, the Company initiated restructuring activities primarily focused on transitioning certain back office functions to a third‑party operating model. A summary of expenses incurred by segment for the three months ended March 31, 2026, consisting primarily of workforce transition‑related costs, including employee rebadging to a third-party service provider, retention‑related compensation, professional services, and other implementation and transition activities, is presented below:


(in thousands)	Three Months Ended March 31, 2026
Branded Services	$	1,390
Experiential Services		467
Retailer Services		389
Total restructuring expenses	$	2,246

The Company estimates that it will incur additional costs of approximately $4.0 million to $6.0 million related to this initiative in multiple phases prior to completion in 2027. These costs are expected to primarily relate to workforce transition activities, professional services, and other implementation‑related costs. As of March 31, 2026, an accrued restructuring liability of $2.2 million was outstanding.