Restructuring Activity

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring Activity

Restructuring Activity

During the three months ended March 31, 2023, the Company entered into a plan of restructuring to reduce its workforce as a result of internal resource alignment and cost saving measures. The Company incurred additional costs in the three months ended June 30, 2023 related to this plan of restructuring due to statutory requirements in the jurisdictions in which the terminated employees were employed. The Company’s management does not expect to incur additional costs associated with this plan of restructuring.

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Employee separation expenses	$	4,287	$	—	$	8,876	$	—
Lease related charges	34		462		42		462
Other	115		—		166		—
	$	4,436	$	462	$	9,084	$	462

The following table presents a roll-forward of the Company’s restructuring liability for the six months ended June 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	8,876		42		166		9,084
Cash payments	(4,391)		(123)		(166)		(4,680)
Non-cash charges and adjustments	—		29		(26)		3
Liability as of June 30, 2023	5,456		51		(18)		5,489
Less: current portion as of June 30, 2023	(5,456)		(51)		18		(5,489)
Long-term portion as of June 30, 2023	$	—	$	—	$	—	$	—