XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 6 - Restructuring and Other Exit Costs | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] |
| 6. | Restructuring and Other Exit Costs
On an ongoing basis, the Company reviews the global economy, the healthcare industry, and the markets in which it competes to identify operational efficiencies, enhance commercial capabilities and align its cost base and infrastructure with customer needs and its strategic plans. In order to realize these opportunities, the Company undertakes activities from time to time to transform its business. A portion of these transformation activities are considered restructuring costs under ASC 420 – Exit or Disposal Cost Obligations and are discussed below. The Company initiated a restructuring plan in 2019 to improve operational efficiency and reduce costs which entailed consolidating and downsizing several sites and headcount reductions in Europe and North America. During the year ended December 31, 2021, the Company incurred $1.3 million in expenses under this plan which was completed in 2021. During the year ended December 31, 2022, the Company completed a review of its product portfolio and identified certain non-strategic products for discontinuation and recorded charges of $1.5 million in cost of revenue. The Company also incurred $0.9 million in severance expenses in connection with headcount reductions in Europe and North America. The following table summarizes the restructuring activity for the years ended December 31, 2022 and 2021:
|  | Cost of |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) |  | Revenues |  |  | Severance |  |  | Other |  |  | Total |
Balance at December 31, 2020 |  | $ | - |  |  | $ | 270 |  |  | $ | 18 |  |  | $ | 288 |
Restructuring and other exit costs |  |  | - |  |  |  | 1,174 |  |  |  | 101 |  |  |  | 1,275 |
Non-cash charges |  |  | - |  |  |  | - |  |  |  | (46 | ) |  |  | (46 | )
Cash payments |  |  | - |  |  |  | (1,444 | ) |  |  | (73 | ) |  |  | (1,517 | )
Balance at December 31, 2021 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Restructuring and other exit costs |  |  | 1,471 |  |  |  | 877 |  |  |  | 46 |  |  |  | 2,394 |
Non-cash charges |  |  | (1,471 | ) |  |  | - |  |  |  | - |  |  |  | (1,471 | )
Cash payments |  |  | - |  |  |  | (241 | ) |  |  | (46 | ) |  |  | (287 | )
Balance at December 31, 2022 |  | $ | - |  |  | $ | 636 |  |  | $ | - |  |  | $ | 636 |
Substantially all of the severance and other costs detailed above have been included as a component of general and administrative expenses.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration