In an effort to minimize the impact of the COVID-19 Pandemic on the Company’s results of operations among other initiatives, the Company implemented certain cost reduction initiatives starting in April 2020, which included a reduction of 58 positions within its corporate functions at its headquarters located in Trevose, Pennsylvania as well as its field operations.

On January 31, 2019, the Company announced a profit improvement initiative as part of its ongoing organizational review. This profit improvement initiative was intended to further integrate, streamline and optimize the Company’s operations. As part of this profit improvement initiative, during 2019 the Company undertook certain cost reduction initiatives, which included a reduction of approximately 200 positions of its workforce within its field operations and corporate functions in its headquarters located in Trevose, Pennsylvania.

For the years ended December 31, 2020 and 2019, the Company recognized severance expense of $0.5 million and $1.5 million, respectively, for these workforce reductions, which is included in Cemetery expense, Funeral home services expense and Corporate overhead. The following table summarizes the activity in the severance liability recognized for these workforce reductions in the accompanying consolidated balance sheet as of December 31, 2020 and 2019, by reportable segment (in thousands):

	Cemetery Operations			Funeral Home Operations			Corporate			Consolidated
Balance at January 1, 2019	$	—		$	—		$	—		$	—
Accruals		935			25			583			1,543
Cash payments		(849	)		(25	)		(519	)		(1,393	)
Balance at December 31, 2019		86			—			64			150
Accruals		229			20			201			450
Cash payments		(315	)		(20	)		(265	)		(600	)
Balance at December 31, 2020	$	—		$	—		$	—		$	—

The Company does not expect to incur any additional charges related to these initiatives.