RESTRUCTURING AND OTHER COSTS |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Restructuring And Other Costs | NOTE 15. RESTRUCTURING AND OTHER COSTS
For the three months ended September 30, 2024, the Company incurred restructuring and other costs primarily related to employee termination benefits as a part of the 2024 Synergy Plan. The 2024 Synergy Plan was designed to optimize the organizational structure of Globus by reducing the size of our workforce. Impacted employees were notified during January 2024 and July 2024. Totals include stock based compensation expense, classified in accordance with ASC Topic 420, Exit or Disposal Cost Obligations, where applicable.
The following table provides a summary of recognized pre-tax costs for the three and nine months ended September 30, 2024:
The following table provides a summary of activity related to the restructuring program for the three and nine months ended September 30, 2024:
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