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Restructuring and integration expense (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring and integration expense

Restructuring and integration expense is reflected on the consolidated statements of comprehensive (loss) income as follows:

						Quarter Ended September 30,												Nine Months Ended September 30,
(in thousands)						2023						2022						2023						2022
Total cost of revenue						$	6,429					$	131					$	10,868					$	216
Operating expenses						22,935						15,188						60,067						46,614
Restructuring and integration expense						$	29,364					$	15,319					$	70,935					$	46,830

Restructuring and integration expense for each period was comprised of the following:

						Quarter Ended September 30,												Nine Months Ended September 30,
(in thousands)						2023						2022						2023						2022
External consulting fees						$	10,939					$	7,670					$	31,561					$	24,670
Employee severance benefits						11,179						3,826						17,526						8,232
Internal labor						2,469						1,877						6,341						6,177
Other						4,777						1,946						15,507						7,751
Restructuring and integration expense						$	29,364					$	15,319					$	70,935					$	46,830

Changes in restructuring and integration accruals

Changes in our restructuring and integration accruals were as follows:

(in thousands)						Employee severance benefits
Balance, December 31, 2022						$	8,528
Charges						17,961
Reversals						(435)
Payments						(11,448)
Balance, September 30, 2023						$	14,606

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- References

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- 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

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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-Name Accounting Standards Codification
-Topic 420
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-Section 50
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-Name Accounting Standards Codification
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-Section S99
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