RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following pre-tax net amounts related to the 2020 Restructuring Initiative are included in the Company’s Consolidated Statements of Operations during the years ended December 31, 2022, 2021 and 2020 (in thousands):

	2022		2021		2020
Net restructuring charges (charge reversals) related to:
Accelerated depreciation	$	3,773	$	24,718	$	22,459
Asset impairments	—		42,155		7,391
Inventory adjustments	1,494		6,968		3,097
Employee separation, continuity and other benefit-related costs	1,216		(7,384)		60,025
Certain other restructuring costs	795		2,012		664
Total	$	7,278	$	68,469	$	93,636

The following pre-tax net amounts related to the 2020 Restructuring Initiative are included in the Company’s Consolidated Statements of Operations during the years ended December 31, 2022, 2021 and 2020 (in thousands):

	2022		2021		2020
Net restructuring charges (charge reversals) included in:
Cost of revenues	$	3,966	$	6,244	$	53,297
Selling, general and administrative	208		20,788		27,857
Research and development	3,104		1,367		5,091
Asset impairment charges	—		42,155		7,391
Other income, net	—		(2,085)		—
Total	$	7,278	$	68,469	$	93,636

The following pre-tax net amounts related to the 2022 Restructuring Initiative are included in the Company’s Consolidated Statements of Operations during the year ended December 31, 2022 (in thousands):

	2022
Net restructuring charges related to:
Asset impairments	$	180,248
Inventory adjustments	34,870
Employee separation, continuity and other benefit-related costs	28,345
Certain other restructuring costs	8,656
Total	$	252,119

The following pre-tax net amounts related to the 2022 Restructuring Initiative are included in the Company’s Consolidated Statements of Operations during the year ended December 31, 2022 (in thousands):

	2022
Net restructuring charges included in:
Cost of revenues	$	49,078
Selling, general and administrative	18,692
Research and development	4,101
Asset impairment charges	180,248
Total	$	252,119

Schedule of Restructuring Reserve by Type of Cost

Changes to the liability for the 2020 Restructuring Initiative during the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):

	Employee Separation, Continuity and Other Benefit-Related Costs		Certain Other Restructuring Costs		Total
Liability balance as of December 31, 2019	$	—	$	—	$	—
Net charges	60,025		664		60,689
Cash payments	(1,687)		—		(1,687)
Liability balance as of December 31, 2020	$	58,338	$	664	$	59,002
Net (charge reversals) charges	(7,384)		3,711		(3,673)
Cash payments	(39,975)		(4,170)		(44,145)
Liability balance as of December 31, 2021	$	10,979	$	205	$	11,184
Net charges	1,216		796		2,012
Cash payments	(11,926)		(1,001)		(12,927)
Liability balance as of December 31, 2022	$	269	$	—	$	269

Changes to the liability for the 2022 Restructuring Initiative during the year ended December 31, 2022 were as follows (in thousands):

	Employee Separation, Continuity and Other Benefit-Related Costs		Certain Other Restructuring Costs		Total
Liability balance as of December 31, 2021	$	—	$	—	$	—
Net charges	28,345		1,102		29,447
Cash payments	(13,348)		(1,102)		(14,450)
Liability balance as of December 31, 2022	$	14,997	$	—	$	14,997