v3.26.1
ACQUISITIONS
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITIONS ACQUISITIONS
Restructuring costs
For the three months ended March 31, 2025, the Company incurred $306.0 thousand (none in 2026) in restructuring costs primarily for a reduction of workforce in certain locations in connection with a restructuring plan implemented in 2024. These restructuring costs were part of the Company's plan, for which the objectives were to reorganize the workforce, streamline operational processes, integrate technology functionality and develop efficiencies within the Company. These expenses primarily consisted of severance payments and related benefits, which are included in restructuring costs in the condensed consolidated statement of income and comprehensive income.

The following table presents the changes in our liability balance related to restructuring costs for the three months ended March 31, 2026 and 2025 (in thousands):
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Severance costsLegal and professional feesSeverance costsLegal and professional fees
Beginning balance$253 $7 $300 $16 
Charges incurred— — 297 9 
Payments/other
(208)(7)(528)(25)
Ending balance$45 $— $69 $— 
Transaction Costs

Transaction costs include all internal and external costs directly related to acquisition activities and the Company's evaluation of strategic alternatives including the pending Merger with Western Union, consisting primarily of legal, consulting, accounting and financial advisory fees. Transaction costs were $1.2 million for both the three months ended March 31, 2026 and 2025, respectively.