Restructuring

3 Months Ended

Mar. 31, 2020

Restructuring

Restructuring

3. Restructuring

In December 2019, the Company approved and adopted a plan to restructure the Company's business operations to drive long term sustainable revenue growth, better align resources, improve operational efficiencies and to increase profitability. Under this plan, the Company's management and employees will be focused primarily on managing its key business of i) providing services to the wireless carriers, ii) generating business on military bases, and iii) growing the Company's multifamily business, in addition to managing the profitability of the Company's legacy business such as retail and advertising. As part of the business realignment plan, the Company eliminated approximately 80 positions. We expect these actions to be substantially completed in the first half of 2020 and the Company expects to modify its reportable segments in the period that such actions are completed.

Restructuring activity for the three months ended March 31, 2020 was as follows:

	Accrued Employee
	Severance and
	Benefits
Balance, December 31, 2019	$	2,249
Additional accruals		—
Adjustments		—
Cash payments		(2,224)
Non-cash settlements		—
Balance, March 31, 2020	$	25

Substantially all of the accrued restructuring balance as of March 31, 2020 is expected to be paid within the next 12 months and was recorded within accrued expenses and other liabilities on the consolidated balance sheets.