RESTRUCTURING

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring

RESTRUCTURING

On April 9, 2020, the Company announced the Restructuring Plan to help manage the near-term financial impacts of the COVID-19 pandemic. In addition to reductions and deferrals in spending, the Restructuring Plan’s cost-cutting measures included workforce reductions affecting approximately 1,000 employees and furloughs affecting approximately 1,100 additional employees, as well as salary reductions and reduced-hour work weeks. The Company is also deferring share repurchases under its stock repurchase program indefinitely. For further details on the Restructuring Plan, refer to the Company's Current Report on Form 8-K filed with the SEC on April 9, 2020.

The Company incurred $3.3 million in restructuring costs during the three and six months ended June 30, 2020 in connection with terminations under the Restructuring Plan, which represent expenditures for severance, payroll taxes and related benefits costs. The Company paid $3.1 million of the incurred costs during the three months ended June 30, 2020, with the remaining $0.2 million expected to be paid during the three months ending September 30, 2020. These costs are recorded as restructuring expenses on the Company's condensed consolidated statements of operations. Additional costs related to supporting furloughed employees incurred during the three and six months ended June 30, 2020 are excluded from restructuring expenses and are recorded in operating expenses. The Company does not expect to incur any material additional costs in connection with these terminations under the Restructuring Plan.

On July 13, 2020, the Company announced an additional workforce reduction (separate from the Restructuring Plan) affecting approximately 60 employees and it expects to incur $0.4 million in additional restructuring costs in connection with such terminations during the three months ending September 30, 2020. The Company also announced that nearly all of the remaining furloughed employees will return by October 2020, with most returning during the three months ending September 30, 2020.