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Restructuring | 9 Months Ended
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Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring In 2022, the Company embarked on a restructuring program to improve execution and drive efficiency across the organization. This program is a framework for identifying, prioritizing and executing operational improvements. Restructuring charges incurred consist of severance and other employee costs, costs for optimizing the Company’s geographic presence (“Facility Footprint Optimization”), and consulting and other costs. The following table summarizes the changes in the Company’s accrued restructuring balance (in thousands):
|  | Severance and Other Employee Costs |  | Facility Footprint Optimization |  | Consulting and Other Costs |  | Total
Balance as of December 31, 2023 |  | $ | 687 |  |  | $ | 1,389 |  |  | $ | 537 |  |  | $ | 2,613 |
Restructuring charges incurred |  | 697 |  |  | 964 |  |  | 747 |  |  | 2,408 |
Impairment/(gain on sale) of facility related assets |  | — |  |  | (10) |  |  | — |  |  | (10) |
Cash payments and other adjustments(1) |  | $ | (771) |  |  | $ | (1,796) |  |  | $ | (1,125) |  |  | $ | (3,692) |
Balance as of March 31, 2024 |  | $ | 613 |  |  | $ | 547 |  |  | $ | 159 |  |  | $ | 1,319 |
Restructuring charges incurred |  | 703 |  |  | 650 |  |  | 111 |  |  | 1,464 |
Impairment/(gain on sale) of facility related assets |  | — |  |  | 80 |  |  | — |  |  | 80 |
Cash payments and other adjustments(1) |  | $ | (575) |  |  | $ | (957) |  |  | $ | (116) |  |  | $ | (1,648) |
Balance as of June 30, 2024 |  | $ | 741 |  |  | $ | 320 |  |  | $ | 154 |  |  | $ | 1,215 |
Restructuring charges incurred |  | 85 |  |  | 953 |  |  | (20) |  |  | 1,018 |
Impairment/(gain on sale) of facility related assets |  | — |  |  | (9) |  |  | — |  |  | (9) |
Cash payments and other adjustments(1) |  | (729) |  |  | (762) |  |  | (63) |  |  | (1,554) |
Balance as of September 30, 2024 |  | $ | 97 |  |  | $ | 502 |  |  | $ | 71 |  |  | $ | 670 |
Current liabilities |  |  |  |  |  |  |  | $ | 670 |
Long-term liabilities |  |  |  |  |  |  |  | — |
|  |  |  |  |  |  |  | $ | 670 |
(1) Other adjustments include non-cash asset charges related to Facility Footprint Optimization costs. The Company continued this restructuring program in 2024 and expects to incur additional restructuring charges of approximately $0.6 million. The Company estimates these additional restructuring charges to be comprised of approximately $0.5 million of Facility Footprint Optimization costs, and $0.1 million of consulting and other costs. The estimated additional restructuring charges for severance and other employee costs are immaterial. Our restructuring activities are expected to be complete by December 31, 2024.

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