Restructuring (Tables)

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

As a result of the 2020 Restructuring Initiative, the Company incurred the following pre-tax net charges during the three and nine months ended September 30, 2020 (in thousands):

	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Accelerated depreciation charges	$	6,291	$	14,676
Asset impairment charges	7,391		7,391
Employee separation, continuity and other benefit-related costs (1)	53,647		53,647
Total	$	67,329	$	75,714

__________

(1)As of September 30, 2020, all employee-related costs have been recognized in accordance with ASC 712.

During the three and nine months ended September 30, 2020, the pre-tax net charges related to the 2020 Restructuring Initiative were included in our Condensed Consolidated Statements of Operations as follows (in thousands):

	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Cost of revenues	$	36,172	$	42,198
Selling, general and administrative	20,185		22,130
Research and development	3,581		3,995
Asset impairment charges	7,391		7,391
Total	$	67,329	$	75,714

Schedule of Restructuring Reserve by Type of Cost

Changes to the liability for the 2020 Restructuring Initiative during the nine months ended September 30, 2020 were as follows (in thousands):

	Employee Separation, Continuity and Other Benefit-Related Costs		Total
Liability balance as of December 31, 2019	$	—	$	—
Net charges	53,647		53,647
Liability balance as of September 30, 2020	$	53,647	$	53,647