RESTRUCTURING

3 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

NOTE 9. RESTRUCTURING

Go-to-market plan and Salem office

During the fourth quarter of 2022, management committed to a restructuring plan aligned with the Company’s target organization go-to-market strategy. The plan resulted in a restructuring expense of $21.7 million, primarily associated with severance and benefits for impacted employees and expenses incurred as a result of the closure of the Company’s Salem, New Hampshire office.

Accrued employee severance and related benefits:


(in thousands)	2023
January 1,	$	18,573
Costs incurred	220
Cash disbursements	(14,458)
Currency translation adjustments	181
March 31,	$	4,516