Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 335

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 335
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 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 $1,047 

NOTE 6 — 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, 2025 and December 31, 2024: 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, 2025   Securities borrowed$72,320 $— $72,320 $72,320 $— Securities loaned$54,588 $— $54,588 $54,588 $— As of December 31, 2024Securities borrowed$43,022 $— $43,022 $43,022 $— Securities loaned$27,942 $— $27,942 $27,942 $— _________________________(1)Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the