Restructuring Charges

9 Months Ended

Sep. 30, 2019

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring and Other Charges

The 2019 Plan

In June 2019, the Company initiated a restructuring program to reduce overall expenses which is expected to improve future profitability by reducing spending on research and development efforts and sales, general and administrative programs (the “2019 Plan”). In connection with this restructuring program, the Company initiated a plan of termination resulting in a reduction of 4% of the Company’s headcount. During the three and nine months ended September 30, 2019, the Company recorded restructuring and other severance related charges of approximately $1.4 million and $4.2 million, respectively, related primarily to the reduction in workforce. As of September 30, 2019, the Company’s accrued restructuring balance was approximately $2.0 million. The majority of the 2019 Plan is expected to be completed by the end of 2019.