Restructuring and integration expense (Tables)

9 Months Ended

Sep. 30, 2025

Restructuring and integration expense is reflected on the consolidated statements of comprehensive income as follows:


	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Total cost of revenue	$	24	$	234	$	965	$	1,132
Operating expenses	2,910		11,031		14,625		35,899
Restructuring and integration expense	$	2,934	$	11,265	$	15,590	$	37,031

Restructuring and integration expense for each period was comprised of the following:


	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Employee severance benefits	$	1,580	$	902	$	7,651	$	2,459
External consulting and other costs	324		8,614		3,584		25,733
Internal labor	597		381		2,297		1,602
Other	433		1,368		2,058		7,237
Restructuring and integration expense	$	2,934	$	11,265	$	15,590	$	37,031

Changes in our restructuring and integration accruals were as follows:


(in thousands)	Employee severance benefits
Balance, December 31, 2024	$	3,755
Charges	8,109
Reversals	(458)
Payments	(7,517)
Balance, September 30, 2025	$	3,889

DELUXE CORP 10-Q