Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 332

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 332
---
,467 $1,996 $2,542 $2,335 Restructuring charge20 628 809 721 Cash paid(482)(929)(2,317)(1,367)Non-cash items42 97 13 103 Balance, end of period$1,047 $1,792 $1,047 $1,792 The following table summarizes the restructuring activities by reportable segment during the three months ended June 30, 2024 and 2023.Wealth ManagementCommunicationsConsumer ProductsTotalRestructuring charges for the three months ended June 30, 2024:   Employee termination$— $— $20 $20 Total restructuring charge$— $— $20 $20   Restructuring charges for the three months ended  June 30, 2023:   Employee termination$— $197 $403 $600 Facility closure and consolidation28 — — 28 Total restructuring charge$28 $197 $403 $628 The following table summarizes the restructuring activities by reportable segment during the six months ended June 30, 2024 and 2023.Wealth ManagementCommunicationsConsumer ProductsTotalRestructuring charges for the six months ended June 30, 2024:Employee termination$— $263 $546 $809 Total restructuring charge$— $263 $546 $809 Restructuring charges for the six months ended June 30, 2023:Employee termination$— $257 $403 $660 Facility closure and consolidation61 — — 61 Total restructuring charge$61 $257 $403 $721 

NOTE 5 — SECURITIES LENDING  

The following table presents the contractual gross and net securities borrowing and lending balances and the related offsetting amount as of June 30, 2024 and December 31, 2023: 

32

Gross amounts recognizedGross amounts offset in the consolidated balance sheets (1)Net amounts included in the consolidated balance sheetsAmounts not offset in the consolidated balance sheets but eligible for offsetting upon counterparty default(2)Net amountsAs of June 30, 2024   Securities borrowed$742,940 $— $742,940 $742,940 $— Securities loaned$733,552 $