The Company incurs severance and other employee separation costs related to employee terminations that are not tied to a formal restructuring plan. The Company incurred $1.3 million and $2.8 million of severance and other employee separation charges during the three and six months ended June 30, 2025, respectively, and $2.0 million and $3.5 million during the three and six months ended June 30, 2026, respectively, related to the elimination of certain positions. These severance and other employee separation charges are included in Restructuring costs on the unaudited condensed consolidated statements of income.

The following details the changes in the Company’s severance and other employee separation costs restructuring liabilities during the six months ended June 30, 2025 and 2026 (in thousands):


	Severance Restructuring Liability
Balance as of December 31, 2024	$	534
Restructuring and other charges	2,837
Payments	(2,833)
Balance as of June 30, 2025	$	538

Balance as of December 31, 2025(1)	$	860
Restructuring and other charges	3,531
Payments	(2,687)
Balance as of June 30, 2026(1)	$	1,704

The Company evaluates its real estate portfolio on an ongoing basis, which has resulted in the consolidation and sale of underutilized facilities. The Company recorded approximately $0.7 million and $0.8 million of right-of-use lease asset impairment charges during the three and six months ended June 30, 2025, respectively, and $0.1 million and $0.3 million during the three and six months ended June 30, 2026, respectively, related to facilities that were consolidated during the period. The Company also recorded fixed asset impairment charges of approximately $0.7 million and $0.8 million during the three and six months ended June 30, 2025, respectively, and $0.3 million and $0.5 million during the three and six months ended June 30, 2026, respectively. These right-of-use lease asset impairments and fixed asset impairments are included in Restructuring costs on the unaudited condensed consolidated statements of income.