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RESTRUCTURING CHARGES
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
Restructuring Charges
The following table presents the components of restructuring charges.
Three Months Ended June 30,Six Months Ended June 30,
Restructuring Charges2024202320242023
(amounts in thousands)
Costs to exit duplicative and loss-making contracts$536 $7,644 $99 $8,039 
Workforce reduction3,330 705 4,206 2,565 
Other restructuring costs162 328 
Total restructuring charges$3,870 $8,511 $4,312 $10,932 
Restructuring Plan
During the first quarter of 2023, the Company implemented a restructuring plan to help mitigate the adverse impact that the current macroeconomic conditions were having on financial results and business operations. Additionally, during the second quarter of 2024, the Company took additional actions to further reduce its workforce and exit additional loss-making contracts. 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 June 30, 2024 includes amounts in accrued expenses that are expected to be paid in less than one year.
Restructuring Charges OutstandingSix Months Ended
June 30, 2024
Twelve Months Ended December 31, 2023
(amounts in thousands)
Restructuring charges, beginning balance$2,652 $2,750 
Additions4,312 14,975 
Payments/Settlements
(4,513)(15,073)
Restructuring charges unpaid and outstanding2,451 2,652 
Restructuring charges - noncurrent portion— — 
Restructuring charges - current portion$2,451 $2,652