Restructuring Activity (Tables)

3 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Related Costs

The following table presents the activity related to the restructuring plan, which is included in restructuring charges in the consolidated statements of income:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
Employee separation expenses	$	4,589	$	—
Lease related charges	8		—
Other	51		—
	$	4,648	$	—

Summary of Restructuring Reserve by Type of Cost

The following table presents a roll-forward of the Company’s restructuring liability for the three months ended March 31, 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	4,589		8		51		4,648
Cash payments	(2,463)		(61)		(51)		(2,575)
Non-cash charges and adjustments	—		21		—		21
Liability as of March 31, 2023	3,097		71		8		3,176
Less: current portion as of March 31, 2023	(3,097)		(71)		(8)		(3,176)
Long-term portion as of March 31, 2023	$	—	$	—	$	—	$	—