Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity (Tables)

v3.23.2
Restructuring Activity (Tables)
 6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Summary of Restructuring and Related Costs The following table presents the activity related to restructuring plans, which is included in restructuring charges in the consolidated statements of operations:
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
(in thousands)
Employee separation expenses $ 4,287  $ —  $ 8,876  $ — 
Lease related charges 34  462  42  462 
Other 115  —  166  — 
$ 4,436  $ 462  $ 9,084  $ 462 
Summary of Restructuring Reserve by Type of Cost The following table presents a roll-forward of the Company’s restructuring liability for the six months ended June 30, 2023. 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, 2022 $ 971  $ 103  $ 8  $ 1,082 
Restructuring charges 8,876  42  166  9,084 
Cash payments (4,391) (123) (166) (4,680)
Non-cash charges and adjustments —  29  (26) 3 
Liability as of June 30, 2023 5,456  51  (18) 5,489 
Less: current portion as of June 30, 2023 (5,456) (51) 18  (5,489)
Long-term portion as of June 30, 2023 $ —  $ —  $ —  $ —