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RESTRUCTURING CHARGES (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges

The following table reflects total expenses related to the Spectrum Reorganization Plan recognized within the Condensed Consolidated Statement of Comprehensive (Loss) Income as Restructuring charges for three and nine months ended September 30, 2023 (in thousands):

			Three Months Ended September 30,						Nine Months Ended September 30,
			2023												2023
Employee compensation costs			$	2,257											$	2,257
Facility exit costs			777												777
Total restructuring charges			$	3,034											$	3,034

Schedule of Accrued Restructuring and Severance Costs

The following table summarizes the changes in the Company’s accrued restructuring liability under the Spectrum Reorganization Plan, which is classified within Accrued liabilities in the Condensed Consolidated Balance Sheet as of September 30, 2023 (in thousands):

			Employee compensation costs
Balance as of December 31, 2022			$	—
Restructuring accrual assumed in Spectrum Merger (See Note 2)			7,508
Net accrual additions			2,257
Cash paid			(5,345)
Balance as of September 30, 2023			$	4,420

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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