During the second half of 2023, we engaged a consulting firm to help review and analyze the structure and operations of the Company. The program named "Project Elevate" involved the optimization and rationalization of our business resources as well as the partial reinvestment of savings into the Company's sales and marketing team, technology, and strategy. Reorganization cost reductions from Project Elevate during 2024 through 2026 are estimated to be $16.0 million. We incurred total restructuring charges of $10.0 million through March 31, 2026. For the three months ended March 31, 2026 and 2025, we recorded restructuring charges of $0.2 million and $0.8 million, respectively. This program has resulted in ongoing cost optimization and rationalization initiatives across the organization.

The following table summarizes the restructuring charges which are recorded in “Restructuring Expense” in the Condensed Consolidated Statement of Comprehensive Income (Loss).


	Three Months Ended March 31,
In thousands	2026		2025
Consulting and employee expense	$	68	$	47
Severance	92		692
Facility and other expenses	—		99
Total	$	160	$	838


	Three months ended March 31, 2026
In thousands	Consulting and Employee		Severance		Total
Beginning balance:	$	—	$	328	$	328
Additions	68		92		160
Payments and adjustment	(68)		(143)		(211)
Ending balance:	$	—	$	277	$	277