Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity

v3.23.3
Restructuring Activity
 9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Activity Restructuring Activity
During the three months ended March 31, 2023, the Company entered into a plan of restructuring to reduce its workforce as a result of internal resource alignment and cost saving measures. Costs associated with this plan of restructuring for the nine months ended September 30, 2023 are included in the table below.
The following table presents the activity related to restructuring plans, which is included in restructuring charges in the consolidated statements of operations:
Three Months Ended September 30, Nine Months Ended September 30,
2023 2022 2023 2022
(in thousands)
Employee separation expenses $ (13) $ 631  $ 8,863  $ 631 
Lease related charges —  —  42  462 
Other 67  —  233  — 
$ 54  $ 631  $ 9,138  $ 1,093 
The following table presents a roll-forward of the Company’s restructuring liability for the nine months ended September 30, 2023. 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, 2022 $ 971  $ 103  $ 8  $ 1,082 
Restructuring charges 8,863  42  233  9,138 
Cash payments (8,100) (142) (219) (8,461)
Non-cash charges and adjustments (9) 29  (47) (27)
Liability as of September 30, 2023 1,725  32  (25) 1,732 
Less: current portion as of September 30, 2023 (1,725) (32) 25  (1,732)
Long-term portion as of September 30, 2023 $ —  $ —  $ —  $ —