Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activity (Tables)

v3.23.3
Restructuring Activity (Tables)
 9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Summary of Restructuring and Related Costs 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 
Summary 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, 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 $ —  $ —  $ —  $ —