RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

The Company regularly evaluates its operations to identify opportunities to streamline operations and optimize operating efficiencies as an anticipation to changes in the business environment.

On December 15, 2020, the Company announced a restructuring plan which was designed to substantially reduce the Company’s operating footprint through the reduction of its staff at its office headquarters and remote sales force. The Company completed this restructuring plan in 2021.

The following table reflects total expenses related to restructuring activities recognized within the Consolidated Statements of Comprehensive Income (Loss) as Restructuring charges (in thousands):

	Year ended December 31,
	2022		2021
Employee compensation costs	$	—	$	876
Other exit costs	—		213
Total restructuring costs	$	—	$	1,089

    The following table reflects cash activity relating to the Company’s accrued restructuring costs as of December 31, 2022 and 2021 (in thousands):

	Employee compensation costs		Other exit costs		Total
Balance as of December 31, 2020	$	8,744	$	—	$	8,744
Restructuring charges	876		213		1,089
Cash paid	(8,792)		(213)		(9,005)
Balance as of December 31, 2021	$	828	$	—	$	828
Cash paid	(828)		—		(828)
Balance as of December 31, 2022	$	—	$	—	$	—