Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity (Tables)

v3.22.2.2
Restructuring Activity (Tables)
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
2022 2021 2022 2021
(in thousands)
Employee separation expenses $ 631  $ —  $ 631  $ 1,273 
Lease related charges —  —  462  608 
Other —  —  —  323 
$ 631  $ —  $ 1,093  $ 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 nine months ended September 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 631  462  —  1,093 
Cash payments (631) (220) —  (851)
Non-cash charges and adjustments —  (462) —  (462)
Liability as of September 30, 2022 —  224  —  224 
Less: current portion as of September 30, 2022 —  (224) —  (224)
Long-term portion as of September 30, 2022 $ —  $ —  $ —  $ —