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RESTRUCTURING AND ASSET IMPAIRMENT CHARGES (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

Restructuring and asset impairment charges consist of the following:

												Years Ended December 31,
																		2024						2023
																		(In thousands)
Employee severance and benefits																		$	6,380					$	2,155
Contract termination charges																		1,991						3,700
Asset impairment																		4,783						9,829
Total restructuring and asset impairment charges																		$	13,154					$	15,684

The following table presents the details of the Company’s restructuring and asset impairment charges under the 2023 Restructuring Plan for the years ended December 31, 2024 and 2023:

												Years Ended December 31,
																		2024						2023
																		(In thousands)
Employee severance and benefits																		$	1,219					$	1,374
Contract termination charges																		1,225						3,700
Asset impairment																		881						9,829
Total restructuring and asset impairment charges																		$	3,325					$	14,903

The following table provides information regarding changes in the Company’s accrued restructuring balances under the 2023 Restructuring Plan for the periods indicated:

			Employee Severance and Benefits						Contract Termination Charges						Asset Impairment						Total
			(In thousands)
Balance as of December 31, 2022			$	—					$	—					$	—					$	—
Charges			1,374						3,700						9,829						14,903
Cash payments			(70)						(1,900)						—						(1,970)
Non-cash settlement and other			—						—						(9,829)						(9,829)
Balance as of December 31, 2023			$	1,304					$	1,800					$	—					$	3,104
Charges			1,219						1,225						881						3,325
Cash payments			(1,955)						(2,132)						—						(4,087)
Non-cash settlement and other			(292)						(893)						(881)						(2,066)
Balance as of December 31, 2024			$	276					$	—					$	—					$	276

The following table presents the details of the Company’s restructuring and asset impairment charges under the 2024 Restructuring Plan for the year ended December 31, 2024:

												Year Ended December 31,
																		2024
																		(In thousands)
Employee severance and benefits																		$	5,161
Contract termination charges																		766
Asset impairment																		3,902
Total restructuring and asset impairment charges																		$	9,829

The following table provides information regarding changes in the Company’s accrued restructuring balances under the 2024 Restructuring Plan for the periods indicated:

			Employee Severance and Benefits						Contract Termination Charges						Asset Impairment						Total
			(In thousands)
Balance as of December 31, 2023			$	—					$	—					$	—					$	—
Charges			5,161						766						3,902						9,829
Cash payments			(2,941)						—						—						(2,941)
Non-cash settlement and other			—						—						(3,902)						(3,902)
Balance as of December 31, 2024			$	2,220					$	766					$	—					$	2,986

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- References

No definition available.

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X

- 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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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