Restructuring

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring

RestructuringThere were no restructuring charges in the first quarter of 2020. In the first quarter of 2019, the Company incurred restructuring charges of $1.6 million. The charges were in connection with a previously announced reduction to the Company’s workforce, which included executive transition changes as well as other employee benefit and technology related initiatives. The restructuring is intended to improve the Company’s operating efficiency and enhance earnings.

The following table presents a summary of the restructuring activity for the three months ended March 31, 2020 and 2019:

	Severance Charges		Other Associated Costs		Total
	(In thousands)
Accrued charges at December 31, 2019	$	526	$	789	$	1,315
Costs paid	(434)		—		(434)
Accrued charges at March 31, 2020	$	92	$	789	$	881
Accrued charges at December 31, 2018	$	3,896	$	789	$	4,685
Cost incurred	1,646		—		1,646
Costs paid	(1,986)		—		(1,986)
Accrued charges at March 31, 2019	$	3,556	$	789	$	4,345