Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity

v3.22.1
Restructuring Activity
 3 Months Ended
Mar. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Activity Restructuring ActivityFrom 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 income:
Three Months Ended March 31,
2022 2021
(in thousands)
Employee separation expenses $ —  $ 1,253 
Lease related charges —  608 
Other —  305 
$ —  $ 2,166 
Lease related charges for the three months ended March 31, 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 three months ended March 31, 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 
Cash payments —  (78) —  (78)
Liability as of March 31, 2022 —  366  —  366 
Less: current portion as of March 31, 2022 —  (295) —  (295)
Long-term portion as of March 31, 2022 $ —  $ 71  $ —  $ 71