Employee Termination Benefits

3 Months Ended

Mar. 31, 2021

Certain employees received termination benefits including cash severance and accelerated share-based compensation upon separation of service from the Company as a result of the sale of North Park assets and other employee terminations during the three-month period ended March 31, 2021 and as a result of a reduction in workforce during the three-month period ended March 31, 2020. The following tables presents a summary of employee termination benefits for the three-month periods ended March 31, 2021 and 2020 (in thousands):


	Cash		Share-Based Compensation (1)		Number of Shares	Total Employee Termination Benefits








Three Months Ended March 31, 2021
Executive Employee Termination Benefits	$	—	$	—	—	$	—
Other Employee Termination Benefits	32		17		—	49
	$	32	$	17	—	$	49
Three Months Ended March 31, 2020
Executive Employee Termination Benefits	$	3	$	—	—	$	3
Other Employee Termination Benefits	3,211		40		4	3,251
	$	3,214	$	40	4	$	3,254

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(1) Share-based compensation recognized in connection with the accelerated vesting of restricted stock awards due to the sale of the North Park assets for the three-month period ended March 31, 2021 and as a result of the reduction in workforce for the three-month period ended March 31, 2020. The remaining unrecognized compensation expense associated with these awards at the date of termination was recorded as employee termination benefits. The unrecognized compensation expense was calculated using the grant date fair value for restricted stock awards. One share of the Company’s common stock was issued per restricted stock award.