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Restructuring Charges
12 Months Ended
Dec. 31, 2021
Restructuring And Related Activities [Abstract]  
Restructuring Charges

6. Restructuring Charges

 

On November 29, 2019, following the completion of a strategic review of its business, the Company's Board of Directors approved a workforce reduction plan, or the Workforce Reduction, to reduce its workforce by approximately 38%. The Company evaluated the related employee severance and other benefits to employees in connection with the Workforce Reduction to determine whether the benefits were within the scope ASC 712, Compensation - Non-retirement Post-employment Benefits, or within the scope of ASC 420, Exit or Disposal Cost Obligations, depending on the nature of the benefit and whether it is part of an on-going benefit arrangement under ASC 712 or a one-time termination benefit unique to the Workforce Reduction. The Company recorded restructuring expense of $0.6 million at the time of the Workforce Reduction, pursuant to ASC 420 as the Company did not have an on-going benefit arrangement under ASC 712. The Workforce Reduction was complete as of December 31, 2019.

 

The following table outlines the components of the restructuring charges during the year ended December 31, 2019 included in the consolidated statement of operations, and ending liability recorded in the balance sheet as of December 31, 2019 (in thousands):

 

 

 

Charges incurred
during the
year ended
December 31, 2019

 

 

Amount paid
through
December 31, 2019

 

 

Remaining
liability at
December 31, 2019

 

Employee severance, bonus and other

 

$

605

 

 

$

(232

)

 

$

373

 

Total restructuring charges

 

$

605

 

 

$

(232

)

 

$

373

 

 

The remaining liability at December 31, 2019 was paid during the year ended December 31, 2020. The Company did not record any restructuring charges during the years ended December 31, 2021 and 2020.