Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity (Tables)

v3.22.2
Restructuring Activity (Tables)
 6 Months Ended
Jun. 30, 2022
Restructuring and Related Activities [Abstract]  
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 income:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(in thousands)
Employee separation expenses $ —  $ 20  $ —  $ 1,273 
Lease related charges 462  —  462  608 
Other —  18  —  323 
$ 462  $ 38  $ 462  $ 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 six months ended June 30, 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 —  462  —  462 
Cash payments —  (170) —  (170)
Non-cash charges and adjustments —  (462) —  (462)
Liability as of June 30, 2022 —  274  —  274 
Less: current portion as of June 30, 2022 —  (256) —  (256)
Long-term portion as of June 30, 2022 $ —  $ 18  $ —  $ 18