Restructuring and Other Charges

12 Months Ended

Dec. 31, 2023

Note 13. Restructuring and Other Charges

The Company accounts for its restructuring plans under the authoritative guidance for exit or disposal activities. The Company includes expenses related to restructuring and other charges in Other operating expenses (income), net in the consolidated statements of operations. Accrued restructuring and other charges are classified within Accrued employee compensation and Other accrued liabilities on the consolidated balance sheets.

Restructuring and other charges recognized in fiscal years 2023 and 2022 were primarily for severance, and other costs in relation to the reorganization of our business to better align the cost structure of the business with projected revenue levels. Restructuring and other charges recognized in fiscal year 2021 were primarily for severance, and other costs in relation to the consolidation of offices in the APAC region and the reorganization of our supply chain function to gain some cost efficiencies. The liabilities as of December 31, 2023 are expected to be settled in 2024.

The following table provides a summary of the activity related to accrued restructuring and other charges:


	Employee termination charges			Lease contract termination and other charges			Total
(In thousands)
Balance as of December 31, 2020	$	87		$	227		$	314
Additions		2,910			513			3,423
Cash payments		(2,913	)		(578	)		(3,491	)
Adjustments		(84	)		(139	)		(223	)
Balance as of December 31, 2021		-			23			23
Additions		4,600			-			4,600
Cash payments		(2,714	)		-			(2,714	)
Adjustments		26			(23	)		3
Balance as of December 31, 2022		1,912			-			1,912
Additions		3,834			631			4,465
Cash payments		(5,384	)		(579	)		(5,963	)
Adjustments		(105	)		(22	)		(127	)
Balance as of December 31, 2023	$	257		$	30		$	287