Quarterly report [Sections 13 or 15(d)]

Lease Abandonment, Lease Termination and Other Restructuring Costs

v3.25.3
Lease Abandonment, Lease Termination and Other Restructuring Costs
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Lease Abandonment, Lease Termination and Other Restructuring Costs Lease Abandonment, Lease Termination and Other Restructuring Costs
In connection with the FDS sale as described in Note (3) "Discontinued Operations," the Company implemented post-sale changes including the abandonment and termination of its former headquarters office space. The Company ceased use of the office space during the second quarter of 2024 and formally terminated the office lease during the third quarter of 2024. This activity resulted in a one-time lease termination benefit of $0.7 million during the three months ended September 30, 2024 and net lease abandonment and termination charges of $12.2 million during the nine months ended September 30, 2024. Additionally, the Company incurred $0.2 million and $4.0 million in corporate restructuring expenses during the three and nine months ended September 30, 2024, primarily related to the cancellation of contracts and leasing agreements associated with the FDS Sale.