XML 32 R9.htm IDEA: XBRL DOCUMENT
v3.21.1

Restructuring | 3 Months Ended
--- | ---
Mar. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring | Note 3. Restructuring We initiate restructuring plans to leverage economies of scale, streamline distribution and logistics, and strengthen operational and administrative effectiveness in order to reduce overall costs. Costs associated with these plans were reported as restructuring expenses in the operating results of our condensed consolidated statements of income (loss). During the fourth quarter of 2020, we initiated a reorganization plan (the “2020 Plan”) to reduce our cost structure. We incurred restructuring expenses of $5.3 million during the three months ended December 31, 2020 primarily associated with severance costs for 54 employees, and $6.1 million during the three months ended March 31, 2021 primarily associated with severance costs for 12 additional employees under the 2020 Plan and lease abandonment costs. The following table provides a reconciliation of the beginning and ending balance of the accruals and other reserves recorded in connection with our restructuring plans included within accrued liabilities and other and other long-term liabilities on the condensed consolidated balance sheet (in thousands):
|  | Employee Severance and Other Termination Costs |  | Other |  | Total
Balance at December 31, 2020 |  | $ | 5,749 |  |  | $ | 546 |  |  | $ | 6,295 |
Charges |  | 4,110 |  |  | 1,982 |  |  | 6,092 |
Cash payments and other |  | (4,652) |  |  | (2,129) |  |  | (6,781) |
Balance at March 31, 2021 |  | $ | 5,207 |  |  | $ | 399 |  |  | $ | 5,606 |
The following table presents restructuring expense by reportable segment (in thousands):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2021 |  | 2020
Cardiovascular |  |  |  |  |  | $ | 1,896 |  |  | $ | 686 |
Neuromodulation |  |  |  |  |  | 1,210 |  |  | 503 |
Other |  |  |  |  |  | 2,986 |  |  | 391 |
Total |  |  |  |  |  | $ | 6,092 |  |  | $ | 1,580 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration