Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity

v3.21.2
Restructuring Activity
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
2021 2020 2021 2020
(in thousands)
Employee separation expenses $ —  $ 1,523  $ 1,273  $ 1,620 
Lease related charges —  1,723  608  1,998 
Other —  34  323  215 
$ —  $ 3,280  $ 2,204  $ 3,833 
Lease related charges for the nine months ended September 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.
Lease related charges for the three and nine months ended September 30, 2020 included the impairment of leased right-of-use assets of $1.5 million related to a reduction in expected cash inflows from subleases.
The following table presents a roll-forward of the Company’s restructuring liability for the nine months ended September 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 (1,833) (265) (25) (2,123)
Reimbursement from Intel (2,711) —  —  (2,711)
Non-cash charges and adjustments (3) (553) (301) (857)
Liability as of September 30, 2021 —  510  —  510 
Less: current portion as of September 30, 2021 —  (334) —  (334)
Long-term portion as of September 30, 2021 $ —  $ 176  $ —  $ 176 

As of September 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.