XML 35 R26.htm IDEA: XBRL DOCUMENT
v3.22.2

Restructuring | 6 Months Ended
--- | ---
Jun. 30, 2022
Restructuring and Related Activities [Abstract] |
Restructuring | 18. RESTRUCTURING During the second half of 2019, the Company initiated a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S. and internationally. Management continued to assess the efficiency of operations during 2020 and the first three months of 2021 and, in turn, consolidated locations and personnel, among other things, where possible. In February 2019, the Company announced the restructuring of a certain portion of its workforce predominantly in Germany, which included the closure of the Company’s office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. Voluntary early retirement was offered to certain other employees and was announced in March 2019 and again in August 2020. The cumulative amount of restructuring expenses incurred as of June 30, 2022 for the restructuring plans was $12.7 million. A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Condensed Consolidated Balance Sheets is as follows:
|  | Three Months Ended |  |  | Six Months Ended |
(In thousands) |  | June 30, 2022 |  |  | June 30, 2022 |
Balance at beginning of period |  | $ | 260 |  |  | $ | 1,514 |
Plus: Amounts charged to cost and expense |  |  | — |  |  |  | 2 |
Less: Amounts paid |  |  | (13 | ) |  |  | (1,269 | )
Balance as of June 30, 2022 |  | $ | 247 |  |  | $ | 247 |
|  | For the Year Ended |
(In thousands) |  | December 31, 2021 |
Balance as of December 31, 2020 |  | $ | 4,186 |
Plus: Amounts charged to cost and expense |  |  | 411 |
Less: Amounts paid |  |  | (3,083 | )
Balance as of December 31, 2021 |  | $ | 1,514 |
Restructuring expenses included in the Condensed Consolidated Statements of Income were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Network Solutions - Cost of revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12 |
Services & Support - Cost of revenue |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |
Cost of revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 15 |
Selling, general and administrative expenses (1) |  |  | — |  |  |  | 3 |  |  |  | 2 |  |  |  | 145 |
Research and development expenses (1) |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | 149 |
Total restructuring expenses |  | $ | — |  |  | $ | 8 |  |  | $ | 2 |  |  | $ | 309 |
(1) The Company does not allocate selling, general and administrative expense and research and development expense to the segment level. Components of restructuring expense by geographic area were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
United States |  | $ | — |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 212 |
International |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | 97 |
Total restructuring expenses |  | $ | — |  |  | $ | 8 |  |  | $ | 2 |  |  | $ | 309 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
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