Note 17 Restructuring Changes

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

17. RESTRUCTURING CHARGES

In June 2022, we completed a cost savings review aimed at operating efficiencies to better position us for profitable growth. Following the integration of the Acquired Brands, we identified a number of operational synergies and cost savings opportunities, including a reduction in workforce.

During the three months ended September 30, 2022, the following activity was recorded:

	Employee Severance, Benefits and
($ in thousands)	Related Costs
Accrued expenses, July 1, 2022	$	1,101
Restructuring charges		-
Cash payments		(553	)
Accrued expenses, September 30, 2022	$	548

During the nine months ended September 30, 2022, the following activity was recorded:

	Employee Severance, Benefits and
($ in thousands)	Related Costs
Accrued expenses, January 1, 2022		-
Restructuring charges	$	1,201
Cash payments		(653	)
Accrued expenses, September 30, 2022	$	548