| Schedule of Restructuring Reserve by Type of Cost |
As of December 31, 2024, we have recorded the following activity associated with our optimization initiative: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning Reserve at December 31, 2023 | | Net Charges for the Year Ended December 31, 2024 | | Cash Paid | | Interest and
FX Impact | | Ending Reserve at December 31, 2024 | | Employee severance | $ | 27,078 | | | $ | 6,562 | | | $ | (23,791) | | | $ | (688) | | | $ | 9,161 | | | Professional fees and other costs | 2,810 | | | 6,457 | | | (8,559) | | | 88 | | | 796 | | | Totals | $ | 29,888 | | | $ | 13,019 | | | $ | (32,350) | | | $ | (600) | | | $ | 9,957 | |
As of December 31, 2023, we recorded the following activity associated with our optimization initiative: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning Reserve at December 31, 2022 | | Net Charges for the Year Ended December 31, 2023 | | Cash Paid | | Interest and
FX Impact | | Ending Reserve at December 31, 2023 | | Employee severance | $ | 4,993 | | | $ | 37,167 | | | $ | (12,608) | | | $ | (2,474) | | | $ | 27,078 | | | Professional fees and other costs | — | | | 8,278 | | | (5,486) | | | 18 | | | 2,810 | | | Totals | $ | 4,993 | | | $ | 45,445 | | | $ | (18,094) | | | $ | (2,456) | | | $ | 29,888 | |
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