RESTRUCTURING CHARGES (Tables)

3 Months Ended

Mar. 31, 2024

RESTRUCTURING CHARGES.

Schedule of employee severance, benefits and related costs

During the three months ended March 31, 2024 and 2023, the Company recorded the following activity related to the 2022 and 2024 Initiatives in accrued expenses and other current liabilities on the balance sheet (in thousands):

	Three Months Ended March 31,
	2024		2023
Accrued expenses, beginning of period	$	6,313	$	1,096
Restructuring charges		14,177		3,618
Cash payments		(868)		(1,164)
Inventory write-off		—		(300)
Depreciation and amortization of assets to be disposed		(12,002)		—
Accrued expenses, end of period	$	7,620	$	3,250

Schedule of restructuring and related costs

During the three months ended March 31, 2024 and 2023, the Company recognized the following restructuring charges which were expensed as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Cost of sales	$	6,761	$	717
Research and development		2,506		2,633
Sales and marketing		3,376		126
General and administrative		1,534		142
Total restructuring charges	$	14,177	$	3,618