On November 7, 2018, the Company announced that it was implementing a reduction in headcount as part of a corporate restructuring. The accrued balance as of December 31, 2019 approximated to $0.1 million.

No additional restructuring expenses were recognized during the three and nine months ended September 30, 2020. During the three months ended September 30, 2019, the Company reversed restructuring expenses of $0.1 million, consisting of one-time employee termination benefits of $0.1 million recorded in general and administrative expense. During the nine months ended September 30, 2019, the Company recognized additional restructuring expenses of $4.8 million, consisting of one-time employee termination benefits of $2.0 million recorded in research and development expense and $2.8 million recorded in general and administrative expense. These one-time employee termination benefits are comprised of severance, benefits and related costs, all of which are expected to result in cash expenditures.

The Company paid and adjusted approximately less than $0.1 million and $0.1 million of these restructuring expenses during the three and nine months ended September 30, 2020, respectively. The remaining payments of less than $0.1 million will be paid during the three months ended December 31, 2020. During the three and nine months ended September 30, 2019, the Company paid approximately $0.8 million and $5.6 million of these restructuring expenses, respectively.

The following table summarizes the charges related to the restructuring activities as of September 30, 2020 and 2019:

(in thousands)

Accrued

Restructuring

Expenses at

December 31, 2019

Expenses

Less:

Payments and Adjustments

Accrued

Restructuring

Expenses at

September 30, 2020

Severance, benefits and related costs due to workforce

reduction

—

(59

)

Totals

—

(59

)


(in thousands)	Accrued Restructuring Expenses at December 31, 2018		Expenses		Less: Payments			Accrued Restructuring Expenses at September 30, 2019
Severance, benefits and related costs due to workforce reduction	$	921	$	4,825	$	(5,624	)	$	122
Totals	$	921	$	4,825	$	(5,624	)	$	122