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Restructuring Activities (Tables)
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related costs

A summary and description of the amounts included within "Restructuring and other costs" for each of the periods presented is included below. We do not include Restructuring and other costs within Segment Adjusted EBITDA (as defined in Note 19).

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Transaction related costs (1)

 

$

661

 

 

$

81

 

 

$

1,287

 

Restructuring (2)

 

 

8,322

 

 

 

2,582

 

 

 

3,168

 

Other (3)

 

 

39,383

 

 

 

2,515

 

 

 

1,606

 

Restructuring and other costs

 

$

48,366

 

 

$

5,178

 

 

$

6,061

 

 

(1)
For the year ended December 31, 2025, transaction costs primarily relate to the disposal of the direct marketing payment processing business line mainly related to legal fees, while prior year expenses are mainly made up of acquisition related costs.
(2)
For the year ended December 31, 2025, restructuring mainly relates to costs incurred on transformation projects to improve merchant platforms as well as finance and risk processes. These transformation projects are expected to be completed by 2027. For the years ended December 31, 2024 and 2023, restructuring mainly relates to relocation costs.
(3)
Other costs mainly relate to the securities litigation against the Company and indemnities provided by the Company in the related class action lawsuit (See Note 17).
Schedule Of Severance Expense

The total amount of severance expense associated with the Company's one-time termination benefits and ongoing benefits arrangements by segment in each period presented is as follows:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Digital Wallets

 

$

3,400

 

 

$

2,094

 

 

$

606

 

Merchant Solutions

 

 

3,447

 

 

 

1,847

 

 

 

1,733

 

Unallocated corporate costs

 

 

1,607

 

 

 

645

 

 

 

2,486

 

Total severance expense - selling, general and administrative (1)

 

$

8,454

 

 

$

4,586

 

 

$

4,825

 

 

(1)
As of December 31, 2025 and 2024, the severance liability was $1,008 and $417, respectively.