RESTRUCTURING CHARGES

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

The Company continually evaluates its operations to identify opportunities to streamline operations and optimize operating efficiencies as an anticipation to changes in the business environment.

On December 15, 2020, the Company announced the December 2020 Plan which was designed to substantially reduce the Company’s operating footprint through the reduction of its staff at our headquarters office and remote sales force. The Company substantially completed the workforce reduction in the first quarter of 2021.

The following table reflects total expenses related to restructuring activities recognized within the Condensed Consolidated Statement of Comprehensive Income as restructuring costs (in thousands):


	Three Months Ended March 31,
	2022		2021
Employee compensation costs	$	—	$	876

Other exit costs	—		213
Total restructuring costs	$	—	$	1,089

The following table reflects cash activity relating to the Company’s accrued restructuring cost as of December 31, 2021 and March 31, 2022 (in thousands):


	Employee compensation costs		Other exit costs		Total
Balance as of December 31, 2021	$	828	$	—	$	828

Cash paid	(340)		—		(340)
Balance as of March 31, 2022	$	488	$	—	$	488