v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During the fourth quarter of 2025, management committed to an action to restructure certain parts of the Company to align investments and simplify organizational structure to long-term growth priorities (“Q4 2025 Action”). As a result, certain headcount reductions were necessary. Additionally, the Company planned for the end of life of certain solutions which resulted in impairments to completed technologies and customer-related acquired intangible assets, as well as capitalized internal-use software. The Company does not expect to incur material additional charges related to this action.

The Company also recognizes restructuring charges related to completed acquisitions for severance and related expenses paid to redundant employees, fees paid to terminate redundant contracts and impairments of redundant long-lived assets, primarily duplicative facility-related assets, acquired intangible assets and capitalized internal-use software. The Company does not expect to incur material additional charges related to past acquisitions.

The Company's restructuring charges during the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):

For the Three Months
Ended June 30,
For the Six Months
Ended June 30,
2026202520262025
Q4 2025 action$(791)$— $(548)$— 
Acquisitions related and other2,616 3,103 2,556 3,464 
Total restructuring charge$1,825 $3,103 $2,008 $3,464 
The liability for restructuring charges for employee severance and related expenses is included in other current liabilities on the interim condensed consolidated balance sheets. The changes in the liability for the six months ended June 30, 2026 were as follows (in thousands):

Q4 2025 ActionAcquisitions Related and OtherTotal
Balance as of January 1, 2026$20,750 $1,646 $22,396 
Costs incurred(474)(107)(581)
Cash disbursements(17,592)(495)(18,087)
Translation adjustments and other(18)(10)
Balance as of June 30, 2026$2,692 $1,026 $3,718