RESTRUCTURING (Tables)

6 Months Ended

Jun. 30, 2023

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 Condensed Consolidated Statements of Operations during the three and six months ended June 30, 2022 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022		2022
Net restructuring charges (charge reversals) related to:
Accelerated depreciation	$	147	$	3,824
Inventory adjustments	261		1,027
Employee separation, continuity and other benefit-related costs	(655)		1,723
Certain other restructuring costs	108		682
Total	$	(139)	$	7,256

The following pre-tax net amounts related to the 2020 Restructuring Initiative are included in the Company’s Condensed Consolidated Statements of Operations during the three and six months ended June 30, 2022 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022		2022
Net restructuring charges (charge reversals) included in:
Cost of revenues	$	391	$	3,650
Selling, general and administrative	(712)		444
Research and development	182		3,162
Total	$	(139)	$	7,256

The following pre-tax net amounts related to the 2022 Restructuring Initiative are included in the Company’s Condensed Consolidated Statements of Operations during the three and six months ended June 30, 2022 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022		2022
Net restructuring charges (charge reversals) related to:
Inventory adjustments	$	905	$	2,462
Employee separation, continuity and other benefit-related costs	(233)		20,087
Certain other restructuring costs	—		7,555
Total	$	672	$	30,104

The following pre-tax net amounts related to the 2022 Restructuring Initiative are included in the Company’s Condensed Consolidated Statements of Operations during the three and six months ended June 30, 2022 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022		2022
Net restructuring charges (charge reversals) included in:
Cost of revenues	$	1,169	$	13,284
Selling, general and administrative	(907)		12,719
Research and development	410		4,101
Total	$	672	$	30,104

Schedule of Restructuring Reserve by Type of Cost

Changes to the liability for the 2022 Restructuring Initiative during the six months ended June 30, 2023 were as follows (in thousands):

	Employee Separation, Continuity and Other Benefit-Related Costs
Liability balance as of December 31, 2022	$	14,997
Net charge reversals	(194)
Cash payments	(11,181)
Liability balance as of June 30, 2023	$	3,622