Corporate Restructuring

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Corporate Restructuring

Corporate Restructuring

On November 20, 2019, the Company announced that, as part of a new strategic focus, it was reducing its workforce by approximately 24% of its then current headcount. This corporate restructuring was substantially completed during the fourth quarter of 2019 and, in accordance with ASC 420, Exit or Disposal Activities, the Company recorded approximately $1.3 million of restructuring-related costs including employee severance, benefits and related costs during the three months ended December 31, 2019. These costs are reflected within research and development expenses in the condensed consolidated statement of operations.

During the three months ended March 31, 2020, the Company recorded approximately $0.1 million in restructuring expenses, which are reflected within research and development expenses in the condensed consolidated statement of operations.

As of March 31, 2020, the components of the outstanding restructuring liabilities included in accrued expenses were as follows (in thousands):

	Three Months Ended March 31, 2020
Restructuring reserve at December 31, 2019	$	981
Restructuring expenses incurred during the period	47
Amounts paid during the period	(856		)
Adjustments	(44		)
Restructuring reserve at March 31, 2020	$	128