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RESTRUCTURING PLAN
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING PLAN RESTRUCTURING PLAN
In July 2022, the Board approved a restructuring plan (the "2022 restructuring plan") as part of its efforts to reduce the Company’s costs and drive long-term operational efficiencies due to challenging macroeconomic pressures. As part of the 2022 restructuring plan, the Company eliminated approximately 14% of its global headcount, suspended operations of Traeger Provisions (the Company's premium frozen meal kit business), and postponed nearshoring efforts to manufacture product in Mexico.
Costs associated with the 2022 restructuring plan recorded in cost of revenue was $0 and $2.2 million for the years ended December 31, 2023, and 2022, respectively. Costs associated with the 2022 restructuring plan recorded in restructuring costs was $0 and $9.3 million for the years ended December 31, 2023 and 2022, respectively.
A summary of the activity in the restructuring reserve in connection with the Company's 2022 restructuring plan recorded in accrued expenses within the accompanying consolidated balance sheets as follows (in thousands):
Employee Related CostsContract Exit Costs
Balance at December 31, 2021
$— $— 
Net additions charged to expense2,262 7,506 
Cash payments against reserve(2,127)(4,553)
Balance at December 31, 2022
$135 $2,953 
Net additions charged to expense— 225 
Cash payments against reserve(135)(3,178)
Balance at December 31, 2023
$— $—