XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.23.1

Restructuring, Impairment and Costs of Terminated Program, and Impairment of Goodwill (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring, Impairment and Other Costs of Terminated Program | Restructuring, impairment and other costs of terminated program pertaining to the 2022 Restructuring Plan includes the following (in thousands):
|  | Three Months Ended March 31,
|  | 2023 |  | 2022
Clinical trial expense, other third-party and employee costs for the wind down of the bempegaldesleukin program |  | $ | 1,598 |  |  | — |
Contract termination and other restructuring costs |  | 878 |  |  | 1,475 |
Restructuring, impairment and costs of terminated program |  | $ | 2,476 |  |  | $ | 1,475 |
Restructuring, impairment and other costs of terminated program pertaining to the 2023 Restructuring Plan includes the following (in thousands):
|  | Three Months Ended March 31, 2023
Severance and benefit expense |  | $ | 5,483 |
Impairment of right-of-use assets and property, plant and equipment |  | 13,200 |
Contract termination and other restructuring costs |  | 34 |
Restructuring, impairment and costs of terminated program |  | $ | 18,717 |
The following table provides details regarding the severance and benefit expense for the three months ended March 31, 2023 pursuant to the 2023 Restructuring Plan and a reconciliation of the severance and benefits liability for the three months ended March 31, 2023, which we report within accrued expenses on our Condensed Consolidated Balance Sheet (in thousands):
|  | Three Months Ended March 31, 2023
|  | 2023 Restructuring Plan |  | 2022 Restructuring Plan |  | Total
Liability balance as of December 31, 2022 |  | $ | — |  |  | $ | 3,299 |  |  | $ | 3,299 |
Expense recognized during the period |  | 5,483 |  |  | — |  |  | 5,483 |
Payments during the period |  | — |  |  | (3,299) |  |  | (3,299) |
Liability balance as of March 31, 2023 |  | $ | 5,483 |  |  | $ | — |  |  | $ | 5,483 |
The following table presents a reconciliation of the non-cash impairment charge we recorded for these long-lived assets for the three months ended March 31, 2023 (in thousands):
| Three Months Ended March 31, 2023
| Property, Plant and Equipment |  | Operating Lease Right-of-Use Assets |  | Total
Net book value of impaired facilities before write-off | $ | 5,114 |  |  | $ | 28,434 |  |  | $ | 33,548 |
Less: Fair value of impaired facilities — Level 3 of Fair Value Hierarchy | (3,314) |  |  | (18,734) |  |  | (22,048) |
Impairment expense for facilities | 1,800 |  |  | 9,700 |  |  | 11,500 |
Impairment of other property, plant and equipment | 1,700 |  |  | — |  |  | 1,700 |
Total impairment of right-of-use assets and property, plant and equipment | $ | 3,500 |  |  | $ | 9,700 |  |  | $ | 13,200 |

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 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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: 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) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration