During 2022, the Company initiated restructuring activities intended to reduce expenses, consolidate certain segment corporate headquarters, and align the cost structure of the business with the Company's near-term revenue outlook. The Company has incurred aggregate expenses of $47.6 million since the inception of the restructuring activities in 2022. These costs were primarily comprised of early contract termination costs, employee severance, a reduction of management and information technology space and impairment of capitalized software for our other strategic initiatives and products. The Company will continue to monitor the impacts of changes in macroeconomic conditions on its businesses and may take additional steps to further adjust the Company's cost structure based on unfavorable changes in these conditions, which may result in further restructuring charges in future periods.

The Company had no restructuring activities during the three and nine months ended September 30, 2025. The following tables summarize restructuring charges recorded within operating expenses in the condensed consolidated statements of earnings for the three and nine months ended September 30, 2026:


	Three months ended September 30, 2026
(in thousands)	Progressive Leasing		Purchasing Power		Four		Other		Total
Severance	$	—	$	830	$	—	$	—	$	830


Gain on partial termination of previously impaired lease	(1,628)		—		—		—		(1,628)

Total restructuring expenses	$	(1,628)	$	830	$	—	$	—	$	(798)


	Nine months ended September 30, 2026
(in thousands)	Progressive Leasing		Purchasing Power		Four		Other		Total
Severance	$	526	$	4,217	$	—	$	—	$	4,743


Gain on partial termination of previously impaired lease	(1,628)		—		—		—		(1,628)
Other restructuring activities	—		—		—		3		3
Total restructuring expenses	$	(1,102)	$	4,217	$	—	$	3	$	3,118

The following table summarizes the accrual and payment activity related to the restructuring program for the nine months ended September 30, 2026 and 2025, and does not include non-cash gains or charges:


(in thousands)	Severance		Early contract termination costs		Other restructuring activities		Total
Balance at December 31, 2025	$	376	$	1,400	$	—	$	1,776
Charges	4,743		—		3		4,746
Cash payments	(3,262)		(1,400)		(3)		(4,665)
Balance at September 30, 2026	$	1,857	$	—	$	—	$	1,857


(in thousands)	Severance		Early contract termination costs		Other restructuring activities		Total
Balance at December 31, 2024	$	472	$	1,600	$	—	$	2,072
Charges	(6)		—		5		(1)
Cash payments	(466)		—		(5)		(471)
Balance at September 30, 2025	$	—	$	1,600	$	—	$	1,600