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Note 19 - Restructuring Costs | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | 19. Restructuring Costs: On February 7, 2024, Ting committed to the 2024 Ting Restructuring Plan which aimed to realign the Company's operational structure within the Ting operating segment and reduce Ting's workforce by 13%, or 7% of the Company’s total workforce, to better align with strategic objectives (the "2024 Ting Restructuring Plan"). The 2024 Ting Restructuring Plan was designed to streamline operations and reduce operating expenses within the Ting operating segment. Substantially all of the employees impacted by the workforce reduction were notified on February 7, 2024 and have since exited the Company. During the three and six months ended June 30, 2024, the Company incurred $0.3 million and $2.8 million in costs related to this restructuring, which were accounted for under ASC 420 - Exit or Disposal Cost Obligations. These costs associated with the "2024 Ting Restructuring Plan" predominantly consisted of one-time termination benefits for the terminated employees associated with the restructuring, and to a lesser extent, continuation of benefits and outplacement costs. The costs are recorded within the following financial statement captions on the Consolidated Statements of Operations and Comprehensive Loss (Dollar amounts in thousands of U.S. dollars):
Expense Presentation |  | Three Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2024 |
Direct cost of revenue |  | $ | 72 |  |  | $ | 437 |
Sales and marketing |  |  | 170 |  |  |  | 2,054 |
Network, other costs |  |  | 24 |  |  |  | 79 |
General administrative |  |  | - |  |  |  | 256 |
|  | $ | 266 |  |  | $ | 2,826 |
All of the costs associated with the 2024 Ting Restructuring Plan were charged to the Ting operating segment. The components of the restructuring charges were as follows (Dollar amounts in thousands of U.S. dollars):
Cost Description |  | Three Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2024 |
One-time pay |  | $ | 190 |  |  | $ | 2,279 |
Continuation of benefits |  |  | 56 |  |  |  | 336 |
Outplacement costs |  |  | 20 |  |  |  | 211 |
Total restructuring charges |  | $ | 266 |  |  | $ | 2,826 |
The liability for the 2024 Ting Restructuring Plan was included in Accrued liabilities in the consolidated balance sheet, and the following tables summarize the related activity for the 2024 Ting Restructuring Plan for the three and six months ended June 30, 2024 (Dollar amounts in thousands of U.S. dollars):
Cost Description |  | As of March 31, 2024 |  |  | Charges for the three months ended June 30, 2024 |  |  | Cash payments made in the three months ended June 30, 2024 |  |  | Balances as of June 30, 2024 |
One-time pay |  | $ | 103 |  |  | $ | 190 |  |  | $ | (293 | ) |  | $ | - |
Continuation of benefits |  |  | - |  |  |  | 56 |  |  |  | (56 | ) |  |  | - |
Outplacement costs |  |  | 139 |  |  |  | 20 |  |  |  | (143 | ) |  | $ | 16 |
Total |  | $ | 242 |  |  | $ | 266 |  |  | $ | (492 | ) |  | $ | 16 |
Cost Description |  | As of December 31, 2023 |  |  | Charges for the six months ended June 30, 2024 |  |  | Cash payments made in the six months ended June 30, 2024 |  |  | Balances as of June 30, 2024 |
One-time pay |  | $ | - |  |  | $ | 2,279 |  |  | $ | (2,279 | ) |  | $ | - |
Continuation of benefits |  |  | - |  |  |  | 336 |  |  |  | (336 | ) |  |  | - |
Outplacement costs |  |  | - |  |  |  | 211 |  |  |  | (195 | ) |  |  | 16 |
Total |  | $ | - |  |  | $ | 2,826 |  |  | $ | (2,810 | ) |  | $ | 16 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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