XML 190 R14.htm IDEA: XBRL DOCUMENT v3.20.2
RESTRUCTURING COSTS
6 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING COSTS RESTRUCTURING COSTS
On June 2, 2020, the Company announced workforce reductions as part of the Company’s integration plan to achieve its synergy targets associated with the acquisition of Saba. The cost of this workforce reduction is primarily composed of severance payments and termination benefits and the workforce reduction is expected to be substantially complete by the fourth quarter of 2020. All liabilities for severance and related benefits are included in accrued expenses in the condensed consolidated balance sheets.
The following tables present activity for the Company's restructuring plan:
Severance and Related Benefits
(in thousands)
Restructuring charges$9,525  
Non-cash charges208  
Total restructuring expense$9,733  
Restructuring liability balance as of December 31, 2019$—  
Restructuring charges9,525  
Cash payments(3,296) 
Effect of foreign currency translation(13) 
Restructuring liability balance as of June 30, 2020$6,216