RESTRUCTURING AND RELATED CHARGES

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

The Company has implemented several restructuring plans in the past few years. The goal of these plans was to bring operational expenses to appropriate levels relative to the Company’s net revenue, while simultaneously implementing extensive company-wide expense control programs. The restructuring plans have primarily been comprised of severance payments and termination benefits related to headcount reductions. The Company accounts for its restructuring plans under the authoritative guidance for exit or disposal activities.

The following table summarizes the activities related to the Company’s restructuring plans accrual, reported as components of “Other current liabilities” on the Consolidated Balance Sheets:


(in thousands)	Severance and Benefits
Balance at December 31, 2022	$	1,044
Charges for current period	1,496
Cash payments	(2,256)
Other	29
Balance at December 31, 2023	$	313

For the year ended December 31, 2023, $0.7 million and $0.8 million of restructuring and related charges are included in “Cost of revenue” and “Operating expenses - Restructuring and related charges”, respectively, in the Consolidated Statements of Operations.