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RESTRUCTURING CHARGE | 9 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
RESTRUCTURING CHARGE | RESTRUCTURING CHARGE The Company had $228 and $8,016 restructuring charges during the three months ended September 30, 2023 and 2022, respectively, and $949 and $8,016 restructuring charges during the nine months ended September 30, 2023 and 2022, respectively. The restructuring charges during the three and nine months ended September 30, 2023 were primarily related to reorganization and consolidation activities in the Wealth Management segment, Communications segment, and Consumer segment. Reorganization and consolidation activities consisted of reductions in workforce and facility closures. The following tables summarize the changes in accrued restructuring charge during the three and nine months ended September 30, 2023 and 2022:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Balance, beginning of period | $ | 1,792 |  |  | $ | 574 |  |  | $ | 2,335 |  |  | $ | 624 |  |  |  |  |
Restructuring charge | 228 |  |  | 8,016 |  |  | 949 |  |  | 8,016 |  |  |  |  |
Cash paid | (453) |  |  | (1,448) |  |  | (1,820) |  |  | (1,503) |  |  |  |  |
Non-cash items | 61 |  |  | (4,620) |  |  | 164 |  |  | (4,615) |  |  |  |  |
Balance, end of period | $ | 1,628 |  |  | $ | 2,522 |  |  | $ | 1,628 |  |  | $ | 2,522 |  |  |  |  |
The following table summarizes the restructuring activities by reportable segment during the three and nine months ended September 30, 2023 and 2022.
| Wealth Management |  | Communications |  | Consumer |  | Total
Restructuring charges for the three months ended September 30, 2023: |  |  |  |  |  |  |
Employee termination | $ | — |  |  | $ | 145 |  |  | $ | 83 |  |  | $ | 228 |
Total restructuring charge | $ | — |  |  | $ | 145 |  |  | $ | 83 |  |  | $ | 228 |
Restructuring charges for the nine months ended September 30, 2023: |  |  |  |  |  |  |
Employee termination | $ | — |  |  | $ | 402 |  |  | $ | 486 |  |  | $ | 888 |
Facility closure and consolidation | 61 |  |  | — |  |  | — |  |  | 61 |
Total restructuring charge | $ | 61 |  |  | $ | 402 |  |  | $ | 486 |  |  | $ | 949 |
| Wealth Management |  | Communications |  | Total
Restructuring charges for the three and nine months ended September 30, 2022: |  |  |  |  |
Employee termination | $ | 354 |  |  | $ | 906 |  |  | $ | 1,260 |
Impairment of intangibles | 2,012 |  |  | 2,162 |  |  | 4,174 |
Facility closure and consolidation | 1,741 |  |  | 841 |  |  | 2,582 |
Total restructuring charge | $ | 4,107 |  |  | $ | 3,909 |  |  | $ | 8,016 |

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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 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: 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 Reference 5: 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 + Details
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