Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 56

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 ended September 30, 2024 and 2023:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2024202320242023Balance, beginning of period$1,047 $1,792 $2,542 $2,335 Restructuring charge116 228 925 949 Cash paid68 (453)(2,189)(1,820)Non-cash items(447)61 (494)164 Balance, end of period$784 $1,628 $784 $1,628 The following table summarizes the restructuring activities by reportable segment during the three months ended September 30, 2024 and 2023.Wealth ManagementCommunicationsConsumer ProductsTotalRestructuring charges for the three months ended September 30, 2024:   Employee termination$— $116 $— $116 Total restructuring charge$— $116 $— $116   Restructuring charges for the three months ended  September 30, 2023:   Employee termination$— $145 $83 $228 Facility closure and consolidation— — — — Total restructuring charge$— $145 $83 $228 The following table summarizes the restructuring activities by reportable segment during the nine months ended September 30, 2024 and 2023.Wealth ManagementCommunicationsConsumer ProductsTotalRestructuring charges for the nine months ended September 30, 2024:Employee termination$— $379 $546 $925 Total restructuring charge$— $379 $546 $925 Restructuring charges for the nine months ended September 30, 2023:Employee termination$— $402 $486 $888 Facility closure and consolidation61 — — 61 Total restructuring charge$61 $402 $486 $949 

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 September 30, 2024 and December 31, 2023: 

36

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 September 30,