Annual report [Section 13 and 15(d), not S-K Item 405]

Restructuring

v3.25.1
Restructuring
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring

NOTE 13—Restructuring

 

During the fourth quarter of 2024, the Company commenced a restructuring initiative intended to continue to consolidate operations of its subsidiaries with those of the Company, including reductions-in-force (the “2024 Initiative”). The 2024 Initiative is expected to cost a total of approximately $514 and be completed in March 2025.

 

The following table sets forth activity in the restructuring liability, which is included in Accrued Liabilities on the Consolidated Balance Sheets:

 

    Employee Costs  
Beginning Balance, January 1, 2024   $  
Costs Incurred     514  
Payments     (114 )
Ending Balance, December 31, 2024   $ 400