Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity

v3.21.2
Restructuring Activity
 6 Months Ended
Jun. 30, 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:
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
(in thousands)
Employee separation expenses $ 20  $ 52  $ 1,273  $ 97 
Lease related charges —  —  608  275 
Other 18  12  323  181 
$ 38  $ 64  $ 2,204  $ 553 
Lease related charges for the six months ended June 30, 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.
The following table presents a roll-forward of the Company’s restructuring liability for the six months ended June 30, 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 1,273  608  323  2,204 
Cash payments (1,856) (168) (25) (2,049)
Reimbursement from Intel (2,439) —  —  (2,439)
Non-cash charges and adjustments —  (561) (301) (862)
Liability as of June 30, 2021 252  599  —  851 
Less: current portion as of June 30, 2021 (252) (372) —  (624)
Long-term portion as of June 30, 2021 $ —  $ 227  $ —  $ 227 

As of June 30, 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.