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RESTRUCTURING INITIATIVES (Tables) | 12 Months Ended
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Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Schedule of restructuring reserve by type of cost | As of December 31, 2022 we have recorded the following activity associated with the transformation plan:
| Beginning Reserve at 12/31/2021 |  | Net Charges for the Year Ended 12/31/2022 |  | Cash Paid |  | Interest and FX Impact |  | Ending Reserve at 12/31/2022
Employee severance | $ | 3,535 |  |  | $ | 303 |  |  | $ | (3,131) |  |  | $ | (153) |  |  | $ | 554 |
Professional fees and other costs | 260 |  |  | 70 |  |  | (313) |  |  | (11) |  |  | 6 |
Totals | $ | 3,795 |  |  | $ | 373 |  |  | $ | (3,444) |  |  | $ | (164) |  |  | $ | 560 |
During the third quarter of 2022, we began an initiative to optimize our operations and SG&A expenses. For the year ended December 31, 2022, we recognized $6.2 million of restructuring costs related to this plan. As of December 31, 2022, we have recorded the following activity associated with our optimization plan:
| Beginning Reserve at 12/31/2021 |  | Net Charges for the Year Ended 12/31/2022 |  | Cash Paid |  | Interest and FX Impact |  | Ending Reserve at 12/31/2022
Employee severance | $ | — |  |  | $ | 5,454 |  |  | $ | (491) |  |  | $ | 30 |  |  | $ | 4,993 |
Professional fees and other costs | — |  |  | 770 |  |  | (770) |  |  | — |  |  | — |
Totals | $ | — |  |  | $ | 6,224 |  |  | $ | (1,261) |  |  | $ | 30 |  |  | $ | 4,993 |

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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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