Restructuring Activities

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

For the year ended December 31, 2023, we recorded restructuring charges of $5.7 million. The 2023 restructuring charges included $4.6 million of consulting expenses, $0.8 million in lease impairment expense, $0.2 million of severance charges, and $0.1 million of facility related and other expenses.

The following table summarizes the restructuring charges which are recorded in “Restructuring Expense” in the Consolidated Statement of Comprehensive Income.


In thousands	Year Ended December 31, 2023
Consulting expense	$	4,579
Severance	169
Facility, asset impairment and other expense
Lease impairment and termination expense	798
Fixed Asset disposal and impairment charges	63
Facility and other expenses	78
Total facility, asset impairment and other expense	939

Total	$	5,687

The following table summarizes the changes in liabilities related to restructuring activities:


	Year Ended December 31, 2023
In thousands	Consulting		Severance		Facility, asset impairment and other expense		Total
Beginning balance:	$	—	$	—	$	—	$	—
Additions	4,579		169		78		4,826
Payments and adjustment	(1,005)		(25)		(40)		(1,070)
Ending balance:	$	3,574	$	144	$	38	$	3,756

In connection with our cost-saving and restructuring initiatives, we expect to incur total restructuring charges of $10.1 million through the end of 2024.

HARTE HANKS INC 10-K