v3.24.1.1.u2
RESTRUCTURING CHARGES
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
Restructuring Charges
The following table presents the components of restructuring charges.
Three Months Ended March 31,
Restructuring Charges20242023
(amounts in thousands)
Costs to exit duplicative and loss-making contracts$(437)$395 
Workforce reduction876 1,860 
Other restructuring costs166 
Total restructuring charges$442 $2,421 
Restructuring Plan
During the first quarter of 2023, the Company initiated a restructuring plan to help mitigate the adverse impact that the current macroeconomic conditions were having on financial results and business operations. The Company continues to evaluate what, if any, further actions may be necessary related to the current macroeconomic conditions. As such, this is an ongoing restructuring program. The restructuring plan primarily included workforce reduction charges that consists of one-time
termination benefits and the related costs to mitigate the adverse impacts of the current macroeconomic conditions, which includes exiting duplicative and loss-making contracts.
The estimated amount of unpaid restructuring charges as of March 31, 2024 includes amounts in accrued expenses that are expected to be paid in less than one year.
Restructuring Charges OutstandingThree Months Ended March 31, 2024Twelve Months Ended December 31, 2023
(amounts in thousands)
Restructuring charges, beginning balance$2,652 $2,750 
Additions442 14,975 
Payments/Settlements(1,909)(15,073)
Restructuring charges unpaid and outstanding1,185 2,652 
Restructuring charges - noncurrent portion— — 
Restructuring charges - current portion$1,185 $2,652