Exit and Termination Costs

6 Months Ended

Jun. 30, 2020

Restructuring And Related Activities [Abstract]

Exit and Termination Costs

(14) EXIT AND TERMINATION COSTS

Exit Costs

In second quarter 2020, we negotiated capacity releases on certain transportation pipelines in Pennsylvania effective May 31, 2020 and extending through the remainder of the contract. As a result of these releases, we recorded termination costs of $10.4 million which represents the discounted present value of our remaining obligations to the third-party.

Termination Costs

In first quarter 2020, we completed the sale of our shallow legacy assets in Northwest Pennsylvania. We recorded $1.6 million of severance costs in first quarter 2020 which is primarily related to the sale of these assets. In second quarter 2019, we announced a reduction in our work force and recorded $2.2 million of severance costs related to this work force reduction. The following summarizes our termination costs for the three and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Severance costs	$	(148)	$	2,180	$	1,447	$	2,180
Transportation contract releases		10,445		—		10,445		—
Stock-based compensation		—		26		—		26
	$	10,297	$	2,206	$	11,892	$	2,206

The following details the accrued liability activity for the quarter ended June 30, 2020 (in thousands):

	As of
	June 30, 2020
Balance at December 31, 2019	$	4,692
Accrued severance costs		1,447
Accrued transportation contracts		10,445
Payments		(4,199	)
Balance at June 30, 2020	$	12,385