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Workforce Reduction
3 Months Ended
Mar. 31, 2020
Disclosure Text Block  
Workforce Reduction

11. Workforce Reduction

On February 7, 2019, following analysis of the Company’s strategy and core business needs, and in an effort to further strengthen the operational efficiency of the organization, the Company commenced a reduction in workforce by approximately 35 employees, primarily based in the home office. During the three months ended March 31, 2019, the Company substantially completed the implementation of this reduction in workforce and, in accordance with ASC 420, Exit or Disposal Cost Obligations, recorded approximately $3.3 million of costs including employee severance, benefits, and related costs that are reflected in the condensed consolidated statement of operations as restructuring expenses.

During the three months ended March 31, 2020 and 2019, the Company recorded no restructuring expenses and approximately $3.3 million in restructuring expenses, respectively. At March 31, 2020 and December 31, 2019, the Company had an insignificant amount and approximately $0.2 million in accrued restructuring costs remaining, respectively.