Restructuring (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Restructuring Charges |
The components of the restructuring charges were as follows:
(1)
These charges were recorded in selling, general and administrative expenses on the Company’s condensed consolidated statements of operations.
(2)
Charges of $17 and $113 were recorded in cost of product revenues for the three and six months ended June 30, 2024, respectively. Charges of $404 and $4,504 were recorded in selling, general and administrative expenses for the three and six months ended June 30, 2024, respectively.
(3)
Loss on lease termination and sale or disposal of assets represents net losses on studio lease terminations and sales or disposal of studio assets primarily related to studio property and equipment. Amounts for the three and six months ended June 30, 2024 are net of, among other things, $421 and $4,057, respectively, for gains on lease terminations related to leases for which the Company had recognized accelerated right-of-use asset amortization.
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| Schedule of Changes in Restructuring Charges |
The following table provides the components of and changes in the Company’s restructuring charges, included in accounts payable and accrued expenses on the condensed consolidated balance sheets:
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