Restructuring

9 Months Ended

Sep. 30, 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 fourth quarter of 2020 and the Company expects to modify its reportable segments in the period that such actions are completed.

Restructuring activity for the nine months ended September 30, 2020 were as follows:

	Accrued Employee
	Severance and
	Benefits
Balance, December 31, 2019	$	2,249
Additional accruals		—
Adjustments		—
Cash payments		(2,249)
Non-cash settlements		—
Balance, September 30, 2020	$	—