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RESTRUCTURING
 9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
During the nine months ended September 30, 2024, we implemented an expense reduction initiative that included workforce reductions, the closing of our San Diego office, and other actions to reduce annualized run-rate operating expenses.
A summary of the pre-tax restructuring charges are as follows:
(in thousands)Three Months Ended September 30, 2024Cumulative amount incurred to date
Employee separation costs$— $10,051 
Other costs6,701 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.
Cumulative charges incurred to date include employee separation costs comprised of approximately $5.5 million related to salaries, wages and other employee benefits paid to terminated employees pursuant to the Worker Adjustment and Retraining Notification (WARN) Act and approximately $4.5 million of severance costs.
Other costs in the three months ended September 30, 2024 and cumulative charges incurred to date are primarily related to accelerated amortization and depreciation of $5.1 million and $8.1 million respectively, for the right-of-use asset, leasehold improvements, and furniture and fixtures relating to the abandonment of the San Diego office. We also incurred cumulative charges to date for excess inventory of $3.6 million primarily relating to a decrease in internal demand resulting from the expense reduction initiatives which were recognized in cost of product revenues. The accelerated amortization and depreciation, which was recognized in sales, general and administrative expense, was determined as a result of the Company's change in estimate pertaining to its remaining useful life of the San Diego office utilizing the estimated date on which it planned to abandon the San Diego office. The lease liability pertaining to the San Diego office was also remeasured during the three months ended June 30, 2024 resulting in a reduction in the operating lease liability balance of $4.4 million, which was offset against the right-of-use asset on the Condensed Consolidated Balance Sheets. We fully exited our San Diego office in September 2024.
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 
The table above excludes noncash activities and amounts incurred relating to the San Diego office lease liability. The ending balance of the San Diego office lease liability as of September 30, 2024 is $3.4 million, and is included in operating lease liabilities, current on the Condensed Consolidated Balance Sheets.
The other restructuring costs are expected to be incurred and paid by the end of 2025.