RESTRUCTURING AND OTHER RELATED CHARGES

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Our restructuring and other related charges, net for the years ended December 31, 2022 and 2021 are summarized by segment as follows (in thousands):


	Twelve Months Ended December 31,
	2022		2021
Operating Group Reorganization and other restructuring measures
Severance and related costs
IHT	$	16	$	459
MS	—		514
Corporate and shared support services	—		1,562
Total	$	16	$	2,535

Operating Group Reorganization. During 2021, we completed a strategic organizational structure to better position ourselves for the recovery, continue sector diversification, and enhance client value (the “Operating Group Reorganization”). In connection with the Operating Group Reorganization, we announced certain executive leadership changes and the appointment of experienced new talent to our leadership team. For the twelve months ended December 31, 2021, we incurred severance charges of $2.5 million, which represents all costs cumulatively incurred to date as a result of the Operating Group Reorganization. For the twelve months ended December 31, 2022 and 2021, we incurred professional fees of $0 and $1.9 million, respectively, associated with the Operating Group Reorganization.

Severance Charges. As part of our ongoing cost reduction efforts, we incurred severance charges of $4.0 million for the twelve months ended December 31, 2022.

A rollforward of our accrued severance liability associated with our ongoing cost reduction efforts is presented below (in thousands):


	Twelve Months Ended December 31, 2022
Balance, beginning of period	$	712
Charges	3,961
Payments	(2,734)

Balance, end of period	$	1,939