Restructuring Charges

9 Months Ended

Sep. 30, 2017

Restructuring Charges [Abstract]

Restructuring Charges

11. Restructuring Charges

In November 2016, the Company implemented a restructuring plan and cost reduction initiatives to reduce expenses, streamline the organization, and reallocate resources to align more closely with future business needs. The Company did not incur or pay any restructuring charges during the three months ended September 30, 2017. The restructuring charge during the nine months ended September 30, 2017 was $0.7 million, related to stock-based compensation. During the nine months ended September 30, 2017 the Company also paid restructuring charges of $1.1 million, which were recorded as a current liability within accrued compensation and benefits on the consolidated balance sheet as of December 31, 2016. The restructuring activity was completed by the end of the first quarter of 2017.