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Restructuring (Tables) | 9 Months Ended
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Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The following table provides a summary of our updated cost estimates by major type of expense associated with the strategic business plan. The restructuring activities associated with these changes are expected to be substantially completed by the fourth quarter of 2022.
Strategic Business Plan Estimates |  | Total Estimated Amount to be Incurred
Severance and personnel related costs |  | $5.7 million to $6.6 million
Contractual terminations |  | $1.3 million to $1.4 million
Total severance and restructuring related charges |  | $7.0 million to $8.0 million
These costs are as follows:
| For the Three Months Ended September 30, |  |  |  | For the Nine Months Ended September 30,
(Dollars in thousands) | 2022 |  |  |  | 2022 |  |
Severance and personnel related costs | $ | 791 |  |  |  |  | $ | 5,137 |  |  |
Contractual terminations | 712 |  |  |  |  | 1,311 |  |  |
Total severance and restructuring costs | $ | 1,503 |  |  |  |  | $ | 6,448 |  |  |
Summary of Restructuring Reserve | A summary of activity for the nine months ended September 30, 2022, for restructuring-related liabilities associated with the strategic business plan, which is included within accrued compensation and benefits and other current liabilities within the Condensed Consolidated Balance Sheet, is as follows:
| (Dollars in thousands) |  |
Balance at December 31, 2021 | $ | — |  |  |  |  |  |
Restructuring and other charges | 4,495 |  |  |  |  |  |
Payments | (34) |  |  |  |  |  |
Non-cash adjustment | (124) |  |  |  |  |  |
Balance at March 31, 2022 | $ | 4,337 |  |  |  |  |  |
Restructuring and other charges | 525 |  |  |  |  |  |
Payments | (2,302) |  |  |  |  |  |
Non-cash adjustment | (188) |  |  |  |  |  |
Balance at June 30, 2022 | $ | 2,372 |  |  |  |  |  |
Restructuring and other charges | 807 |  |  |  |  |  |
Payments | (1,385) |  |  |  |  |  |
Non-cash adjustment | (9) |  |  |  |  |  |
Balance at September 30, 2022 | $ | 1,785 |  |  |  |  |  |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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