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RESTRUCTURING (Tables) | 9 Months Ended
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Sep. 30, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Pre-Tax Restructuring Charges | A summary of the pre-tax restructuring charges are as follows:
(in thousands) | Three Months Ended September 30, 2024 |  | Cumulative amount incurred to date
Employee separation costs | $ | — |  |  | $ | 10,051 |
Other costs | 6,701 |  |  | 14,678 |
Total restructuring charges(1) | $ | 6,701 |  |  | $ | 24,729 |
(1) For the three months ended September 30, 2024, $6.9 million was recorded in sales, general and administrative expense. Cumulative charges incurred to date include $14.4 million in sales, general and administrative expense; $5.9 million in research and development expense; and $4.4 million in cost of revenue.
Schedule of Restructuring Reserve by Type of Cost | A summary of the liabilities related to the restructuring is as follows:
(in thousands) |  | Employee Separation Costs |  | Other Costs |  | Total
Expense recorded in YTD 2024 |  | $ | 10,051 |  |  | $ | 2,321 |  |  | $ | 12,372 |
Cash paid during YTD 2024 |  | (10,008) |  |  | (2,049) |  |  | (12,057) |
Amount recorded in current liabilities as of September 30, 2024 |  | $ | 43 |  |  | $ | 272 |  |  | $ | 315 |
Estimated total restructuring costs to still be incurred |  | $ | — |  |  | $ | 2,074 |  |  | $ | 2,074 |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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