
	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Transactions, strategic initiatives and other costs, net	(In thousands)
Orion Related Costs:
Transformation related costs (non-capitalizable costs)(1)(2)	$	9,150	$	10,874	$	12,942	$	19,593
Oracle related costs (non-capitalizable costs)(1)(2)	1,929		4,568		4,073		7,345
Total Orion related costs	11,079		15,442		17,015		26,938

Acquisition and transaction related costs	7,499		528		11,486		3,345
Severance and other compensation costs(2)	4,907		2,454		10,350		4,010

Held for sale, closed, and idled site costs, net, excluding severance
Lease termination fees	—		—		—		4,957
Other costs, net	4,542		3,370		8,351		6,028
Total held for sale, closed, and idled sites, net, excluding severance	4,542		3,370		8,351		10,985

Cyber incident related costs, net of insurance recoveries	83		462		177		2,130
Other, net(2)	360		970		1,536		1,232
Total Transactions, strategic initiatives and other costs, net	$	28,470	$	23,226	$	48,915	$	48,640

Orion: Transformation related costs (non-capitalizable costs) represent the non-capitalizable portion of various transformation-related projects, including but not limited to various cost reduction and market expansion initiatives.

Orion: Oracle related costs (non-capitalizable costs) represent the non-capitalizable portion of charges related to the implementation of the Company’s new cloud-based ERP system, Oracle, and related applications. The Company deployed Project Orion (Oracle-related) in North America and Asia Pacific during the second quarter of 2024 and is currently implementing the project in its European operations.

Acquisition and transaction related costs include costs associated with any potential acquisition and joint venture activity, whether consummated or not, such as advisory, legal, accounting, valuation, and other professional or consulting fees. During the six months ended June 30, 2026, these costs also included those associated with the anticipated formation of the joint venture with EQT Partners which is further described in Note 1 - General to these Condensed Consolidated Financial Statements. We also include integration costs pre- and post-acquisition that reflect work being performed to facilitate acquisition integration, such as work associated with information systems and other projects, including spending to support future acquisitions, which primarily consists of professional services. We consider acquisition-related costs to be corporate costs regardless of the segment or segments involved in the transaction.

Severance and other compensation costs represent certain contractual and negotiated severance and separation costs from former executives who have exited the Company (excluding charges in the normal course of retirement), costs associated with reorganizations, reductions in headcount due to synergies achieved through acquisitions or operational efficiencies, reductions in workforce costs associated with exiting or selling non-strategic warehouses or businesses, and non-routine stock based compensation expense associated with certain employee awards.

Held for sale, closed, and idled site costs, net, excluding severance includes expenses incurred to wind down operations at sites held for sale, closed, sold, or idled within our warehouse and transportation related operations. Such costs include lease termination fees, fixed operating costs, and asset retirement obligations, but exclude any reduction in workforce or severance-related costs associated with the exit of these operations, as those expenses are included within Severance and other compensation costs.

Cyber incident related costs, net of insurance recoveries, represent incremental legal and other costs associated with cybersecurity incidents that occurred in November 2020 and April 2023, net of business interruption insurance proceeds received. For further information regarding these cyber incidents, refer to our 2025 Annual Report on Form 10-K.