Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 64

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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)Net decrease in cash and cash equivalents$(8,025)$(3,778)Supplemental disclosures from cash flows were as follows:Six Months EndedJune 30,20252024Interest paid - Continuing Operations$55,011 $135,826 Interest paid - Discontinued Operations— 16,904 Interest paid - Total$55,011 $152,730 Taxes paid - Continuing Operations$2,139 $3,754 Taxes paid - Discontinued Operations— 53 Taxes paid - Total$2,139 $3,807 

NOTE 5 — RESTRUCTURING CHARGE 

During the three and six months ended June 30, 2025, the Company recognized restructuring charges of $321 (which was included in the “Restructuring charge” line item in the unaudited condensed consolidated statement of operations) related to Corporate and the Consumer Products segment, which consisted of reductions in workforce. During the three and six months ended June 30, 2025, of the $321 total restructuring charges, $285 was related to Corporate and $36 was related to the Consumer Products segment.During the three and six months ended June 30, 2024, the Company recognized restructuring charges of $20 and $809 (which was included in the “Restructuring charge” line item in the unaudited condensed consolidated statement of operations), respectively, primarily related to reorganization and consolidation activities in the Communications segment and Consumer Products segment, which consisted of reductions in workforce. During the three months ended June 30, 2024, the $20 of total restructuring charges was related to the Consumer Products segment. During the six months ended June 30, 2024, of the $809 total restructuring charges, $546 was related to the Consumer Products segment and $263 was related to the Communications segment.

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The following tables summarize the changes in accrued restructuring charge during the three and six months ended June 30, 2025 and 2024:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Balance, beginning of period$840 $1,467 $1,316 $2,542 Restructuring charge321 20 321 809 Cash paid(305)(482)(726)(2,317)Non-cash items(57)42 (112)13 Balance, end of period$799 $1,047 $799 $