RESTRUCTURING ACTIVITIES

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES

In the first quarter of 2022, the Company completed a workforce reduction of approximately 75 employees. The Company incurred total expense of $3.6 million consisting of employee separation costs of $2.5 million and non-cash compensation expense of $1.1 million due to the accelerated vesting of certain equity awards. All employee separation costs are expected to be paid by the first quarter of 2023.

	Accrued Balance at December 31, 2021		Income Statement Impact		Payments		Non-Cash		Accrued Balance at March 31, 2022
First quarter of 2022 action
Employee separation payments	$	—	$	2,542	$	(1,828)	$	—	$	714
Non-cash compensation	$	—	$	1,083	$	—	$	(1,083)	$	—
	$	—	$	3,625	$	(1,828)	$	(1,083)	$	714