Restructuring and Other Charges

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Activities

During the fourth quarter of 2022, we initiated a restructuring plan to increase efficiencies across the organization which is expected to be completed in the first half of 2023. We incurred approximately $10.2 million in restructuring expenses, of which $2.9 million was recorded in Cost of net revenues and $7.3 million was recorded in Restructuring and other charges.

Activity related to the restructuring liabilities associated with our restructuring initiatives consist of the following (in thousands):


	Severance and related costs		Impairment Charges		Total
Restructuring charges	$	8,723	$	1,453	$	10,176
Cash payments	(4,807)		—		(4,807)
Non-cash charges	—		(1,453)		(1,453)
Balance as of December 31, 2022 1	$	3,916	$	—	$	3,916

1 Included in “Accrued liabilities” within our Consolidated Balance Sheet.

Other Charges

In addition to the restructuring charges, during the fourth quarter of 2022, we also incurred certain lease termination costs of $2.3 million and asset impairments of $1.8 million which were also recorded in Restructuring and other charges.