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RESTRUCTURING
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
On May 24, 2024, the Company announced a restructuring plan (the “2024 Restructuring Plan”) intended to optimize operating expenses in response to evolving business needs and productivity improvement through a reduction in workforce. The Company completed the 2024 Restructuring Plan during the first quarter of 2025. During the three and six months ended June 30, 2024, the Company recorded restructuring charges of $20.2 million.
On March 28, 2023, the Company announced a restructuring plan (the “2023 Restructuring Plan”) intended to reduce operating expenses in response to evolving business needs and productivity improvement through a reduction in workforce. The Company completed the 2023 Restructuring Plan during the first quarter of 2024.
A summary of restructuring liabilities associated with the restructuring plans was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Restructuring liabilities - beginning of period$— $— $267 $54 
Restructuring charges excluding non-cash items(1)
— 21,708 — 21,708 
Cash payments— (4,141)(267)(4,195)
Restructuring liabilities - end of period$— $17,567 $— $17,567 
(1) Excluded non-cash items of $1.5 million for the three and six months ended June 30, 2024 related to the 2024 Restructuring Plan, which was net of accelerated stock-based compensation expense of $3.2 million and a reversal of $4.7 million related to previously recognized stock-based compensation expenses for unvested restricted stock awards.
As of June 30, 2025 and December 31, 2024, the restructuring liabilities associated with the 2024 Restructuring Plan were nil and immaterial, respectively.