RESTRUCTURING

The Company has implemented multiple restructuring plans to reduce its cost structure, align resources with its product strategy and improve efficiency, which has resulted in workforce reductions and the consolidation of certain leased facilities.

For the three months ended March 31, 2019 and 2018, restructuring charges were comprised of the following (in thousands):



	Three Months Ended March 31,
	2019		2018
Employee severance and related costs	$	2,832	$	1,041
Consolidation of leased facilities	—		5,146
Total Restructuring charges	$	2,832	$	6,187

During the three months ended March 31, 2019 and 2018, the Company incurred costs of $2.8 million and $1.0 million, respectively, related to initiatives intended to accelerate the transformation to a cloud-based subscription business, increase strategic focus, and improve operational efficiency.

In connection with the Company's restructuring initiatives, the Company had previously vacated or consolidated properties and subsequently reassessed its obligations on non-cancelable leases. The fair value estimate of these non-cancelable leases was based on the contractual lease costs over the remaining term, partially offset by estimated future sublease rental income. During the three months ended March 31, 2018, the Company incurred costs of $5.1 million, related to the consolidation of leased facilities. No costs were incurred during the three months ended March 31, 2019 related to the consolidation of leased facilities.

Restructuring accruals

The activity in the Company’s restructuring accruals for the three months ended March 31, 2019 is summarized as follows (in thousands):



	Total
Balance at January 1, 2019	$	45,095
Adjustment for ASC 842	(42,248		)
Restructuring charges	2,832
Payments	(1,026		)
Balance at March 31, 2019	$	4,653

As of March 31, 2019, the $4.7 million in outstanding restructuring accruals primarily relate to employee severance and related costs. As a result of the adoption on the new lease standard, the provision for lease losses was reclassified, resulting in a reduction to operating lease right-of-use assets as of January 1, 2019. Refer to Note 2 for additional information on adoption of the lease standard.