Early termination and other charges, net

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Early termination and other charges, net

14. Early Termination and Other Charges, Net

For the year ended December 31, 2023, the Company recorded in its consolidated statement of operations $8,449 thousand of termination related charges as “early termination and other charges” in connection with the 2023 Voluntary Resignation Program, which was available for the employees with more than 20 years of service. During the same period, the Company also recorded $802 thousand of one-time employee incentives, which were paid during the third quarter of 2023.

For the year ended December 31, 2022, the Company recorded in its consolidated statement of operations $2,821 thousand of one-time employee incentives, and professional service fees and expenses of $1,014 thousand incurred in connection with certain strategic evaluations. During the same period, the Company also recorded $537 thousand gain on sale of certain legacy equipment of the closed back-end line in the Company’s fabrication facility in Gumi.

For the year ended December 31, 2021, the Company recorded in its consolidated statement of operations $3,430 thousand of non-recurring professional service fees and expenses incurred in connection with the regulatory requests, and recorded $1,419 thousand gain on sale of certain legacy equipment of the closed back-end line in the Company’s fabrication facility in Gumi.