v3.26.1
Restructuring
3 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
We initiated a restructuring plan in the first quarter of fiscal 2026 ("Plan A") which was completed in the fourth quarter of fiscal 2026. It was intended to optimize our Business Technology organization. The objective of this plan was to realign the workforce, invest in emerging capabilities, modernize the technology landscape, and streamline operations to operate with greater agility and customer focus. There were no charges incurred for the three months ended June 30, 2026 related to Plan A. For the three months ended June 30, 2025, restructuring charges related to this plan were composed of the following:
Three Months Ended
June 30, 2025
Employee severance and related costs$162 
Stock-based compensation75 
Total restructuring charges$237 

We initiated a restructuring plan in the third quarter of fiscal 2026 ("Plan B") intended to optimize our cost structure, improve organizational agility, and better align resources with strategic priorities. These restructuring activities encompass workforce reductions, office lease closures, and exit of operations in certain jurisdictions. As of June 30, 2026, the majority of these costs have been incurred and the remaining activities are anticipated to be completed in fiscal 2027. For the three months ended June 30, 2026, restructuring charges related to Plan B were composed of the following:
Three Months Ended
June 30, 2026
Employee severance and related costs$1,185 
Stock-based compensation565 
Other costs646 
Total restructuring charges$2,396 

Restructuring Accrual
The accrual activity related to our restructuring plans for the three months ended June 30, 2026 was as follows:
Plan APlan BTotal
Balance as of March 31, 2026$33 $4,667 $4,700 
Employee severance and related costs— 1,185 1,185 
Payments(24)(3,223)(3,247)
Balance as of June 30, 2026
$$2,629 $2,638