Annual report pursuant to Section 13 and 15(d)

Restructuring Activity (Tables)

v3.24.0.1
Restructuring Activity (Tables)
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Schedule of 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:
Year Ended December 31,
2023 2022 2021
(in thousands)
Employee separation expenses $ 17,897  $ 1,795  $ 1,273 
Lease related charges 42  462  608 
Other 1,847  8  323 
$ 19,786  $ 2,265  $ 2,204 
Schedule of Restructuring Reserve by Type of Cost
The following table presents a roll-forward of the Company’s restructuring liability for the years ended December 31, 2023 and 2022. 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, 2021 $ —  $ 444  $ —  $ 444 
Restructuring charges 1,795  462  8  2,265 
Cash payments (824) (273) —  (1,097)
Non-cash charges and adjustments —  (530) —  (530)
Liability as of December 31, 2022 971  103  8  1,082 
Restructuring charges 17,897  42  1,847  19,786 
Cash payments (11,388) (142) (265) (11,795)
Non-cash charges and adjustments (97) (5) (670) (772)
Liability as of December 31, 2023 7,383  (2) 920  8,301 
Less: current portion as of December 31, 2023 (7,383) 2  (920) (8,301)
Long-term portion as of December 31, 2023 $ —  $ —  $ —  $ —