Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING EXPENSE

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RESTRUCTURING EXPENSE
 6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING EXPENSE RESTRUCTURING EXPENSEThe Company has been reviewing, planning and implementing various strategic initiatives targeted principally at reducing costs, enhancing organizational efficiency and optimizing its business model. As part of this process, the Company recorded a restructuring charge related to asset write off, severance, and other related costs during the year 2022. For the six months ended
June 30, 2023 and 2022, the Company recorded no restructuring charge related to asset write off, severance, and other related costs

Our restructuring charges are comprised primarily of costs related to asset abandonment, including future lease commitments, and employee termination costs related to headcount reductions.

The following table summarizes the activities related to the restructuring program for the six months ended June 30, 2023:

Employee severance and related benefits Costs associated with Exit and Disposal Activities Total
Balance at December 31, 2022 $ 1,407  $ 830  $ 2,237 
Cash payment (857) $ (319) $ (1,176)
Balance at June 30, 2023 $ 550  $ 511  $ 1,061