In June 2023, pursuant to the Board of Directors’ approval, the Company began implementing a restructuring plan to pursue greater efficiency and to realign its business and strategic priorities. This included a facilities consolidation strategy to cease use of a part of its corporate office building under its operating lease (see Note 7, Commitments and Contingencies) and reduction in force of its employee base. Affected employees received severance consideration and continuation of benefits, as well as transition assistance. During the three and nine months ended September 30, 2023, the Company recognized $1.6 million and $3.7 million, respectively, of restructuring charges related to severance cost and facilities consolidation. The Company expects to substantially complete implementing the restructuring plan in 2023. A summary of the Company’s restructuring costs for one-time termination benefits is as follows (in thousands):



	Balance at		Restructuring					Balance at
	December 31, 2022		Charge		Cash Payments			September 30, 2023
One-time termination benefits	$	—	$	1,659	$	(1,511	)	$	148
Other		—		367		(75	)		292
Total	$	—	$	2,026	$	(1,586	)	$	440