v3.24.3
Restructuring, Impairment and Other Related Charges (Tables)
 9 Months Ended
Sep. 30, 2024
Restructuring, Impairment and Other Related Charges [Abstract]  
Schedule of Restructuring and Impairment Charges and Cost of Revenues The following table summarizes the restructuring, impairment and other related charges the Company recognized during the third quarter of 2024 in the condensed consolidated statement of operations (in thousands):
   Cost of
Revenues		   Operating
Expenses		   Restructuring,
Impairment
and Other
Related
Charges		   Total 
Cash charges:                
Employee-related costs  $241   $942   $2,355   $3,538 
Other costs   
—
    
—
    16    16 
Total cash charges   241    942    2,371    3,554 
Non-cash charges:                    
Accelerated depreciation   8,592    
—
    421    9,013 
Inventory write-downs   4,026    
—
    
—
    4,026 
Write-down of long-lived assets   
—
    
—
    5,122    5,122 
Impairment of assets   
—
    
—
    10,967    10,967 
Total non-cash charges   12,618    
—
    16,510    29,128 
Total restructuring, impairment and other related  charges  $12,859   $942   $18,881   $32,682 
The following table summarizes the estimated restructuring and other related charges related to the Restructuring Plan to be recognized in the future (in thousands):
   Cost of
Revenues		   Operating
Expenses		   Restructuring,
Impairment
and Other Related
Charges		   Total 
Cash charges  $
—
   $
—
   $4,682   $4,682 
Non-cash charges   5,205    
           —
    
—
    5,205 
Total estimated charges to be recognized in future (1)  $5,205   $
—
   $4,682   $9,887 
Schedule of Accounts Payable or a Accrued Compensation The following table summarizes 2024 activity associated with employee-related and other costs recorded pursuant to the Restructuring Plan, as presented in the indicated line item of the condensed consolidated statement of operations, that will be settled in cash and are included in accounts payable or accrued compensation on the condensed consolidated balance sheet (in thousands):
Balance at December 31, 2023  $
—
 
Employee-related costs – cost of revenues   241 
Employee-related costs – operating expenses   942 
Employee-related costs – restructuring charges   2,355 
Other costs – restructuring charges   16 
Cash paid   (906)
Balance at September 30, 2024  $2,648