Restructuring Charges

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

During the first quarter of 2020, management approved a restructuring program to refine its business model and improve operational efficiencies. This program included both a voluntary bridge to retirement ("VBR") program for certain eligible employees and involuntary headcount reductions ("Other"). The VBR program is part of the Company's long-term strategic planning process and is designed to bridge eligible employees to retirement. As part of this program, employees were offered severance in the form of salary continuation, including benefits, as well as accrued bonus incentives. Costs associated with the involuntary headcount reductions include severance and other benefits related to these headcount reductions.

The activity related to the Company’s restructuring programs was as follows:


	Three months ended September 30, 2020				Nine months ended September 30, 2020
(in thousands)	VBR		Other		VBR		Other
Balance at beginning of period	$	10,340	$	856	$	—	$	—
Provision	—		518		11,249		2,001
Payments	(1,705)		(396)		(2,829)		(1,026)
Foreign currency translation and other	102		8		317		11
Balance at end of period	$	8,737	$	986	$	8,737	$	986

There are no further costs expected to be incurred with these programs. The Company could implement additional restructuring programs in the future as a result of the impacts of the COVID-19 pandemic or other operational efficiency improvement opportunities.

The restructuring program liabilities recognized on the unaudited condensed consolidated balance sheets were as follows:

(in thousands)

September 30,

Balance Sheet Location

Restructuring Program

2020

Accrued compensation and benefits

VBR

8,032

Other

986

Other noncurrent liabilities

VBR

705