| Schedule of Restructuring, Impairment and Other Related Charges |
The following table summarizes
the restructuring, impairment and other related charges the Company has recognized since the restructuring announcement in 2024 through
the second quarter of 2025 in its consolidated statement of operations (in thousands):
| | |
Cost of
Revenues | | |
Operating
Expenses | | |
Restructuring,
Impairment
and Other
Related
Charges | | |
Total | |
| Cash charges: | |
| | |
| | |
| | |
| |
| Employee-related costs | |
$ | 241 | | |
$ | 942 | | |
$ | 3,451 | | |
$ | 4,634 | |
| Other costs | |
| 688 | | |
| — | | |
| 2,250 | | |
| 2,938 | |
| Total cash charges | |
| 929 | | |
| 942 | | |
| 5,701 | | |
| 7,572 | |
| Non-cash charges: | |
| | | |
| | | |
| | | |
| | |
| Accelerated depreciation | |
| 11,482 | | |
| — | | |
| 135 | | |
| 11,617 | |
| Inventory write-downs | |
| 4,026 | | |
| — | | |
| — | | |
| 4,026 | |
| Write-down of long-lived assets | |
| — | | |
| — | | |
| 6,112 | | |
| 6,112 | |
| Impairment of assets | |
| — | | |
| — | | |
| 13,916 | | |
| 13,916 | |
| Total non-cash charges | |
| 15,508 | | |
| — | | |
| 20,163 | | |
| 35,671 | |
| Total restructuring, impairment and other related charges | |
$ | 16,437 | | |
$ | 942 | | |
$ | 25,864 | | |
$ | 43,243 | |
The following table summarizes
the estimated restructuring and other related charges associated with the Restructuring Plan to be recognized in the future (in thousands):
| | |
Cost of
Revenues | | |
Operating
Expenses | | |
Restructuring,
Impairment
and Other
Related
Charges | | |
Total | |
| Cash charges | |
$ | — | | |
$ | — | | |
$ | 400 | | |
$ | 400 | |
| Non-cash charges | |
| — | | |
| — | | |
| 500 | | |
| 500 | |
| Total estimated charges to be recognized in future (a) | |
$ | — | | |
$ | — | | |
$ | 900 | | |
$ | 900 | |
| (a) | These charges include certain estimates that are provisional and include management judgments and assumptions that could change materially as the Company completes the execution of the Restructuring Plan. Actual results may differ from these estimates, and the completion of the plan could result in additional restructuring, impairment or other related charges not reflected above. |
|
| Schedule of Accounts Payable or Accrued Compensation |
The following table summarizes
activity for the six months ended June 30, 2025 associated with employee-related and other costs recorded pursuant to the Restructuring
Plan, as presented in the indicated line item of the consolidated statement of operations, that will be settled in cash and are included
in accounts payable or accrued compensation on the unaudited condensed consolidated balance sheets (in thousands):
| Liability balance at December 31, 2024 | |
$ | 993 | |
| Employee-related costs – restructuring charges | |
| 354 | |
| Other costs – restructuring charges | |
| 1,779 | |
| Cash paid | |
| (2,800 | ) |
| Liability balance at June 30,2025 | |
$ | 326 | |
|