Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 18

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 debt issuance costs of $0.2 million and $0.2 million, respectively.During the nine months ended September 30, 2025 and 2024, the Company recognized interest expense related to the amortization of debt issuance costs of $0.6 million and $2.0 million, respectively.The 2026 Notes were not convertible at September 30, 2025. It is the Company’s current intent to settle conversions of the 2026 Notes through “combination settlement”, which involves repayment of the principal portion in cash and any excess of the conversion value over the principal amount in shares, cash, or a combination for any further value.In connection with the offering of the 2026 Notes, the Company entered into privately-negotiated capped call transactions (the “2026 Capped Calls”). There have been no changes to the condition of the 2026 Notes since December 31, 2024, and the 2026 Capped Calls were unchanged and still outstanding at September 30, 2025.

17

Note 9 – Restructuring Costs

Fiscal 2025 Restructuring ProgramsOn March 4, 2025, the Company announced a restructuring program that reduced its global workforce by approximately 7%, or 130 total positions, and in September 2025, the Company approved additional workforce reductions of 25 positions, including the planned closure of selected facilities (the “Fiscal 2025 restructuring programs”). During the quarter and nine months ended September 30, 2025, the Company recorded $2.3 million and $8.6 million, respectively, for one-time termination benefits related to the Fiscal 2025 restructuring programs, which occurred in the US and various international locations. The charges were recorded pursuant to ASC 420, Exit or Disposal Obligations.The liability for the Fiscal 2025 restructuring programs was included in accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets, and the following tables summarize the related activity for the quarter and nine months ended September 30, 2025 (in thousands):Accrual balance at June 30, 2025$1,582 Restructuring charges2,267 Cash payments(1,800)Accrual balance at September 30, 2025$2,049 Accrual balance at December 31, 2024$— Restructuring charges 8,610 Cash payments(6,561)