Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity (Tables)

v3.21.1
Restructuring Activity (Tables)
 3 Months Ended
Mar. 31, 2021
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The following table presents the activity related to the restructuring plans, which is included in restructuring charges in the consolidated statements of operations:
Three Months Ended March 31,
2021 2020
(in thousands)
Employee separation expenses $ 1,253  $ 44 
Lease related charges 608  275 
Other 305  170 
$ 2,166  $ 489 
Lease related charges for the three months ended March 31, 2021 included the impairment of leased right-of-use assets and leasehold improvements of $0.4 million and $0.2 million, respectively, related to exiting a redundant facility.
Schedule of Restructuring Reserve by Type of Cost The following table presents a roll-forward of the Company’s restructuring liability for the three months ended March 31, 2021. The restructuring liability is included in accrued expenses and other current liabilities and other long-term liabilities in the consolidated balance sheets.
Employee Separation Expenses Lease Related Charges Other Total
(in thousands)
Liability as of December 31, 2020 $ 3,274  $ 720  $ 3  $ 3,997 
Restructuring charges 1,253  608  305  2,166 
Cash payments (1,659) (83) (7) (1,749)
Reimbursement from Intel (2,337) —  —  (2,337)
Non-cash charges and adjustments —  (547) (301) (848)
Liability as of March 31, 2021 531  698  —  1,229 
Less: current portion as of March 31, 2021 (531) (379) —  (910)
Long-term portion as of March 31, 2021 $ —  $ 319  $ —  $ 319 

As of March 31, 2021, the remaining lease related charges primarily consist of common area maintenance obligations. The Company does not expect to incur additional material costs related to current restructuring plans.