Restructuring Charges

12 Months Ended

Dec. 31, 2018

Restructuring Charges [Abstract]

Restructuring and Related Activities Disclosure

RESTRUCTURING CHARGES

During the past few years, we initiated cost reduction measures. For the years ended December 31, 2018 and 2017, we have incurred $18.4 million and $12.8 million, respectively, of restructuring expenses which primarily comprise employee related costs. Liabilities related to restructuring activities are included in accrued and other liabilities in the consolidated balance sheet.

A roll-forward of the Company’s accrual for restructuring activities for the years ended December 31, 2018 and 2017 is as follows:

	Total
Balance at December 31, 2016	$	9,531
Restructuring charges	12,772
Cash payments / utilization	(12,663		)
Impact of foreign currency	980
Balance at December 31, 2017	$	10,620
Restructuring charges	18,420
Cash payments / utilization	(20,820		)
Impact of foreign currency	(248		)
Balance at December 31, 2018	$	7,972