Company: RILYN
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001464790-25-000023
Chunk: 276

Company: B. Riley Financial, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 276
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 months ended March 31, 2025, there were no restructuring charges for the Company. During the three months ended March 31, 2024, the Company recognized restructuring charges of $789 (which was included in the "Restructuring charge" line item in the unaudited condensed consolidated statements of operations), primarily related to reorganization and consolidation activities for reductions in the workforce. Of the $789 total restructuring charges $263 related to the Communications segment and $526 related to the Consumer Products segment.The following tables summarize the changes in accrued restructuring charge during the three months ended March 31, 2025 and 2024:Three Months EndedMarch 31,20252024Balance, beginning of period$1,316 $2,542 Restructuring charge— 789 Cash paid(421)(1,835)Non-cash items(55)(29)Balance, end of period$840 $1,467 

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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 March 31, 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 March 31, 2025   Securities borrowed$40,895 $— $40,895 $40,895 $— Securities loaned$22,987 $— $22,987 $22,987 $— 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 extent an event of default has occurred.(2)Includes the amount of cash collateral held/posted.The following table presents the contract value of securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties as of March 31, 2025 and December 31, 2024:March 31, 2025December 31,