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Restructuring
3 Months Ended
Mar. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring

Note 8 - Restructuring

 

During the three months ended March 31, 2022, the Company adopted a restructuring plan to discontinue our existing operations in Russia and remove our apps from the Apple App Store and Google Play Store in Russia and Belarus. The Company plans to substantially exit its Russian operations by the end of 2022. In connection with the restructuring plan, approximately 120 employees were impacted by its decision to exit the business. The Company expects to incur restructuring charges totaling approximately $1.3 million to $3.0 million, consisting primarily of severance benefits, relocation and other related costs.

 

The following table presents the total restructuring changes by function (in thousands):

 

 

Three Months
Ended
March 31,
2022

 

Cost of revenue

 

$

83

 

Selling and marketing

 

 

 

 

 

 

23

 

General and administrative

 

 

386

 

Product development

 

 

853

 

     Total

 

$

1,345

 

 

During the three months ended March 31, 2022, the Company incurred $1.3 million in restructuring charges, primarily related to employee severance and relocation costs. As of March 31, 2022, the Company did not recognize any impairments on our assets in Russia.

 

The following table summarizes the restructuring related liabilities (in thousands):

 

 

Employee Related Benefits

 

 

Other

 

 

Total

 

Balance as of December 31, 2021

 

$

 

 

$

 

 

$

 

Restructuring charges

 

 

1,182

 

 

 

163

 

 

 

1,345

 

Cash payments

 

 

(762

)

 

 

 

 

 

(762

)

Non-cash items

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2022

 

$

420

 

 

$

163

 

 

$

583