RESTRUCTURING INITIATIVES (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

As of September 30, 2022 we have recorded the following activity associated with the business transformation:

	Beginning Reserve at 12/31/2021		Net Charges for the Nine Months Ended 9/30/2022		Cash Paid		Interest and FX Impact		Ending Reserve at 9/30/2022
Employee severance	$	3,535	$	660	$	(2,747)	$	(152)	$	1,296
Professional fees and other costs	260		75		(314)		(10)		11
Totals	$	3,795	$	735	$	(3,061)	$	(162)	$	1,307

During the third quarter of 2022, we began an initiative to optimize our operations and SG&A expenses. For the three months ended September 30, 2022, we recognized $2.3 million of restructuring costs related to this plan.

As of September 30, 2022, we have recorded the following activity associated with our optimization plan:

	Beginning Reserve at 12/31/2021		Net Charges for the Nine Months Ended 9/30/2022		Cash Paid		Interest and FX Impact		Ending Reserve at 9/30/2022
Employee severance	$	—	$	2,052	$	—	$	(6)	$	2,046
Professional fees and other costs	—		202		(202)		—		—
Totals	$	—	$	2,254	$	(202)	$	(6)	$	2,046