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Restructuring Plan (Tables)
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Activities by Type of Cost

The following table summarizes the charges related to restructuring activities by type of cost:

 

 

For the Year Ended December 31, 2023

 

 

 

Severance & Employee-Related Costs

 

 

Inventory Adjustments

 

 

Accelerated Depreciation

 

 

Facility and Other Exit Costs

 

 

Total

 

 

 

(Amounts in thousands)

 

Cost of product revenue

 

$

2,077

 

 

$

23,588

 

 

$

3,788

 

 

$

933

 

 

$

30,386

 

Research and development

 

 

116

 

 

 

 

 

 

 

 

 

 

 

 

116

 

Selling, general and administrative

 

 

1,532

 

 

 

 

 

 

28

 

 

 

138

 

 

 

1,698

 

 

 

$

3,725

 

 

$

23,588

 

 

$

3,816

 

 

$

1,071

 

 

$

32,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Activity Related to Restructuring Plan Activity related to the Restructuring Plan for 2023 was as follows (amounts in thousands):

 

 

Restructuring Costs

 

 

Amounts Paid in 2023

 

 

Non-Cash Restructuring Items

 

 

Restructuring Liability

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance & employee-related costs

 

$

3,725

 

 

$

(3,044

)

 

$

(217

)

 

$

464

 

Inventory adjustments

 

 

23,588

 

 

 

 

 

 

(23,588

)

 

 

 

Accelerated depreciation

 

 

3,816

 

 

 

 

 

 

(3,816

)

 

 

 

Facility exit and other exit costs

 

 

1,071

 

 

 

(1,061

)

 

 

(10

)

 

 

 

Total

 

$

32,200

 

 

$

(4,105

)

 

$

(27,631

)

 

$

464