Note 6 - Impairment Losses & Restructuring/Exit Cost

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

Impairment Loss

As of June 30, 2022, based on the qualitative assessment, we concluded there is no impairment of goodwill.

Restructuring / Exit Cost

The table below summarizes the balance of accrued restructuring cost, voluntary/involuntary termination costs, and other exit-related costs, which are included in other accrued liabilities in our consolidated balance sheet. The changes during the six months ended  June 30, 2022 and the year ended December 31, 2021.

	Employee related			Facilities related			Total
Balance on December 31, 2021		480			155			635
Accruals/(reversal)		1,820			332			2,152
Payments		(1,751	)		(465	)		(2,216	)
Balance as of June 30, 2022	$	549		$	22		$	571

	Employee related			Facilities related			Total
Balance on December 31, 2020		-			25			25
Accruals/(reversal)		3,519			193			3,712
Payments		(3,039	)		(63	)		(3,102	)
Balance on December 31, 2021	$	480		$	155		$	635

Employee related

In 2022, the Company has closed few of its facilities in Argentina and Philippines, where we have terminated service of number of employees. We have recognized a provision for employee-related costs regarding the above termination. We expect to pay the remaining termination costs of $549 by the end of the fourth quarter of 2022.

Facility related

In 2022, the Company has recognized provision for the remaining costs associated with the lease that has been surrendered in Argentina. We expect to pay the remaining termination costs of $22 by the end of the third quarter of 2022.