Annual report pursuant to Section 13 and 15(d)

Restructuring Activity

v3.22.0.1
Restructuring Activity
 12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Restructuring Activity Restructuring Activity
From time to time, the Company approves and implements restructuring plans as a result of internal resource alignment and cost saving measures. Such restructuring plans include terminating employees, vacating certain leased facilities, and cancellation of contracts.

The following table presents the activity related to the restructuring plans, which is included in restructuring charges in the consolidated statements of operations:
Year Ended December 31,
2021 2020 2019
(in thousands)
Employee separation expenses $ 1,273  $ 1,620  $ 1,150 
Lease related charges 608  1,998  1,301 
Other 323  215  185 
$ 2,204  $ 3,833  $ 2,636 
Lease related charges for the year ended December 31, 2021 included the impairment of leased right-of-use assets and leasehold improvements of $0.4 million and $0.2 million, respectively.
Lease related charges for the year ended December 31, 2020 included the impairment of leased right-of-use assets of $1.5 million related to a reduction in expected cash inflows from subleases.
Lease related and other charges for the year ended December 31, 2019 primarily related to exiting certain redundant facilities.
The following table presents a roll-forward of the Company’s restructuring liability for the year ended December 31, 2021 and 2020. 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, 2019 $ —  $ 818  $ 19  $ 837 
Restructuring charges 1,620  1,998  215  3,833 
Cash payments (2,165) (322) (36) (2,523)
Reimbursement due from Intel (Note 6) 4,415  —  —  4,415 
Non-cash charges and adjustments (596) (1,774) (195) (2,565)
Liability as of December 31, 2020 $ 3,274  $ 720  $ 3  $ 3,997 
Restructuring charges 1,273  608  323  2,204 
Cash payments (1,833) (329) (25) (2,187)
Reimbursement from Intel (2,711) (2,711)
Non-cash charges and adjustments (3) (555) (301) (859)
Liability as of December 31, 2021 —  444  —  444 
Less: current portion as of December 31, 2021 —  (320) —  (320)
Long-term portion as of December 31, 2021 $ —  $ 124  $ —  $ 124 

As of December 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.