XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Restructuring | 9 Months Ended
--- | ---
Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
Restructuring | RESTRUCTURING In February 2022, the Company announced a new strategic business plan that includes a restructuring of its business to discontinue the integrated communications and collaboration platform, Spok Go®, eliminate all associated costs and optimize the Company’s existing structure to drive continued cost improvement. As part of the restructuring program, the Company initially estimated the elimination of approximately 175 positions, primarily in research and development, but also in professional services, selling and marketing, and back-office support functions. The Company currently expects total eliminations of approximately 183 positions, with the majority of positions having been terminated as of September 30, 2022. 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
For the three and nine months ended September 30, 2022, the Company incurred total severance and restructuring costs of $1.5 million and $6.4 million respectively, which are included within the Condensed Consolidated Statement of Operations. 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 |  |  |
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 |  |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration