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DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES | 6 Months Ended
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Jun. 30, 2023
Restructuring and Related Activities [Abstract] |
DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES | DOTDASH MEREDITH RESTRUCTURING CHARGES AND TRANSACTION-RELATED EXPENSES Restructuring Charges During the first half of 2023, Dotdash Meredith continued to incur costs related to a voluntary retirement program announced in the first quarter of 2022 and recorded adjustments to previously accrued amounts related to a reduction in force plan, for which the related expenses were accrued primarily in the fourth quarter of 2022. During 2022, Dotdash Meredith management committed to several actions to improve efficiencies and better align its cost structure following the acquisition of Meredith on December 1, 2021, which included: (i) the discontinuation of certain print publications and the shutdown of PeopleTV, for which the related expense was primarily reflected in the first quarter of 2022, (ii) the aforementioned voluntary retirement program, for which the related expense was primarily reflected in the first half of 2022, (iii) the consolidation of certain leased office space, for which the related expense was reflected in the third quarter of 2022 and (iv) the aforementioned reduction in force plan. These actions resulted in $80.2 million of restructuring charges incurred for the year ended December 31, 2022. A summary of the costs incurred, payments and related accruals is presented below. The Company anticipates the estimated remaining costs associated with the 2022 restructuring events will be paid by December 31, 2023 from existing cash on hand.
|  |  | Six Months Ended June 30, 2023 |  |  |  |  |  |
| Accrued December 31, 2022 |  | Charges Incurred |  | Reversal of Initial Cost |  | Payments |  |  |  | Accrued June 30, 2023 |  | Cumulative Charges Incurred |  | Estimated Remaining Costs
| (In thousands)
Digital | $ | 10,950 |  |  | $ | 1,291 |  |  | $ | (954) |  |  | $ | (8,081) |  |  |  |  | $ | 3,206 |  |  | $ | 39,562 |  |  | $ | — |
Print | 12,055 |  |  | 983 |  |  | (1,492) |  |  | (7,226) |  |  |  |  | 4,320 |  |  | 32,923 |  |  | 58 |
Other (a) | 4,389 |  |  | 620 |  |  | (264) |  |  | (3,077) |  |  |  |  | 1,668 |  |  | 7,937 |  |  | 58 |
Total | $ | 27,394 |  |  | $ | 2,894 |  |  | $ | (2,710) |  |  | $ | (18,384) |  |  |  |  | $ | 9,194 |  |  | $ | 80,422 |  |  | $ | 116 |
_____________________ (a) Other comprises unallocated corporate expenses, which are corporate overhead expenses not attributable to the Digital or Print segments.
|  |  | Six Months Ended June 30, 2022 |  |
|  |  | Charges Incurred |  |  |  | Payments |  | Non-cash (b) |  | Accrued June 30, 2022
|  |  | (In thousands)
Digital |  |  | $ | 7,181 |  |  |  |  | $ | (2,972) |  |  | $ | — |  |  | $ | 4,209 |
Print |  |  | 24,360 |  |  |  |  | (10,457) |  |  | (425) |  |  | 13,478 |
Other (a) |  |  | 4,548 |  |  |  |  | (780) |  |  | — |  |  | 3,768 |
Total |  |  | $ | 36,089 |  |  |  |  | $ | (14,209) |  |  | $ | (425) |  |  | $ | 21,455 |
_____________________ (b) Includes $0.4 million related to the write-off of inventory. The costs are allocated as follows in the statement of operations:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Cost of revenue | $ | 142 |  |  | $ | 4,419 |  |  | $ | 699 |  |  | $ | 16,601 |
Selling and marketing expense | 321 |  |  | 4,016 |  |  | (541) |  |  | 9,615 |
General and administrative expense | (180) |  |  | 4,545 |  |  | 63 |  |  | 8,858 |
Product development expense | (58) |  |  | 672 |  |  | (37) |  |  | 1,015 |
Total | $ | 225 |  |  | $ | 13,652 |  |  | $ | 184 |  |  | $ | 36,089 |
Transaction-Related Expenses Dotdash Meredith incurred transaction-related expenses in connection with the acquisition of Meredith of $1.2 million and $5.2 million for the three and six months ended June 30, 2022, respectively.

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- 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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