Restructuring and integration expense (Tables)

6 Months Ended

Jun. 30, 2025

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


	Quarter Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Total cost of revenue	$	189	$	(35)	$	941	$	898
Operating expenses	4,047		11,064		11,715		24,868
Restructuring and integration expense	$	4,236	$	11,029	$	12,656	$	25,766

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


	Quarter Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Employee severance benefits	$	1,618	$	(415)	$	6,071	$	1,557
External consulting and other costs	737		9,150		3,260		17,119
Internal labor	711		384		1,700		1,222
Other	1,170		1,910		1,625		5,868
Restructuring and integration expense	$	4,236	$	11,029	$	12,656	$	25,766

Changes in our restructuring and integration accruals were as follows:


(in thousands)	Employee severance benefits
Balance, December 31, 2024	$	3,755
Charges	6,379
Reversals	(308)
Payments	(4,816)
Balance, June 30, 2025	$	5,010

DELUXE CORP 10-Q