The increase in SG&A expense was partially offset by decreases in stock-based compensation expense of $36 million, restructuring charges of $27 million, and transaction costs of $14 million due to the closing of the Beacon Acquisition in the prior year.

filing / Aug 14, 2026 / receipt

The increase in SG&A expense was partially offset by decreases in stock-based compensation expense of $17 million, restructuring charges of $11 million, and transaction costs of $5 million due to the closing of the Beacon Acquisition in the prior year.

filing / Aug 14, 2026 / receipt

Adjustments do not include costs related to integration activities, cost savings or synergies that have been or may be achieved by the combined business.

filing / Aug 14, 2026 / receipt

Subsequent to the Beacon Acquisition, the Company developed a restructuring plan to streamline and simplify the organization, improve efficiency and reduce costs.

filing / Aug 14, 2026 / receipt

The increase in SG&A expense was also attributable to increases in stock-based compensation expense of $19.0 million, restructuring charges of $16.3 million, and incremental costs of $11.4 million related to our transformation efforts, which are directed at simplifying, streamlining, and optimizing the Company’s operations.

filing / May 12, 2026 / receipt

Subsequent to the Beacon Acquisition, the Company developed a restructuring plan to streamline and simplify the organization, improve efficiency and reduce costs.

filing / May 12, 2026 / receipt

During the three months ended March 31, 2026, the Company recorded $ 17.2 million in pre-tax restructuring charges, comprised of $ 6.5 million of severance and employee-related costs associated with corporate workforce optimization, a $ 0.9 million stock-based compensation charge associated with the impacted employees, and $ 9.8 million of lease abandonment costs.

filing / May 12, 2026 / receipt