Restructuring charges

12 Months Ended

Dec. 31, 2016

6. Restructuring Charges

During the year ended December 31, 2016, the Company incurred total restructuring charges of approximately $0.5 million, of which approximately $0.4 million represents the accelerated amortization of certain assets due to exiting a floor in its corporate location before the end of the lease term and other non-recurring charges. The corporate location cease use date was October 1, 2016. The remaining amount represents the cash components of severance and benefits paid during the year.

During the years ended December 31, 2015 and 2014, the Company incurred total restructuring charges of approximately $0.3 million and $1.2 million, respectively, due to a realignment of its workforce aimed at achieving greater operational efficiencies.

The table below sets forth the cash components and activity associated with the realignment of the workforce and business for the year ended December 31, 2016:


	Balance as of						Balance as of
	January 1, 2016		Charges		Cash Payment		December 31, 2016
Severance and benefits	$	—	$	110,996	$	110,172	$	824
Legal expenses and other		—		135,283		123,760		11,523
Total restructuring charges	$	—	$	246,279	$	233,932	$	12,347

The table below sets forth the cash components and activity associated with the realignment of the workforce and business for the year ended December 31, 2015:


	Balance as of						Balance as of
	January 1, 2015		Charges		Cash Payment		December 31, 2015
Severance and benefits	$	195,773	$	218,850	$	414,623	$	—
Legal expenses and other		—		27,952		27,952		—
Total restructuring charges	$	195,773	$	246,802	$	442,575	$	—