Restructuring (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table presents the detail of the liability for the Company’s restructuring charges, which is included within Accrued expenses and other current liabilities within the accompanying condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023:

	June 30, 2024		December 31, 2023
	(In thousands)
Balance, beginning of the year	$	2,076	$	803
IT contract termination (reversals) costs	(568)		5,744
Severance and other compensation associated costs	6,996		16,920
Cash payments	(7,160)		(21,391)
Balance, end of period	$	1,344	$	2,076

    

The Company anticipates that payments associated with the employee severance and other compensation associated costs reflected in the table above will be substantially completed by December 31, 2024.

Schedule of Restructuring Liability by Cost Type

The following table presents the detail of expenses for the Company’s restructuring charges for the three months and six months ended June 30, 2024 and 2023:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(In thousands)				(In thousands)
IT contract termination reversals	$	(1,284)	$	—	$	(568)	$	—
Severance and other associated costs	4,403		2,387		6,996		13,902
Total restructuring costs	$	3,119	$	2,387	$	6,428	$	13,902