Restructuring (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table provides a summary of our updated cost estimates by major type of expense associated with the strategic business plan. The restructuring activities associated with these changes are substantially complete, and we expect the remainder to be completed in the second half of 2022.

	Total Estimated Amount to be Incurred
Strategic Business Plan Estimates	(Dollars in millions)
Severance and personnel related costs	$5.5 million to $5.8 million
Contractual terminations	$0.5 million to $0.7 million
Total severance and restructuring related charges	$6.0 million to $6.5 million

These costs are as follows:

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(Dollars in thousands)	2022		2022
Severance and personnel related costs	$	349	$	4,346
Contractual terminations	101		599
Total severance and restructuring costs	$	450	$	4,945

Summary of Restructuring Reserve

A summary of activity for the six months ended June 30, 2022, for restructuring-related liabilities associated with the strategic business plan, which is included within accrued compensation and benefits and other current liabilities within the Condensed Consolidated Balance Sheet, is as follows:

	(Dollars in thousands)
Balance at December 31, 2021	$	—
Restructuring and other charges	4,495
Payments	(34)
Non-cash adjustment	(124)
Balance at March 31, 2022	$	4,337
Restructuring and other charges	$	525
Payments	(2,302)
Non-cash adjustment	(188)
Balance at June 30, 2022	$	2,372