Restructuring Charges (Tables)

3 Months Ended

Mar. 31, 2017

Restructuring And Related Activities [Abstract]

The following table details the changes in our accrual for severance and related costs associated with all restructuring events for our continuing operations during the quarters ended March 31, 2017 and 2016 (dollars in thousands):

Balance,

Beginning of

Period

Severance &

Charges ^{(1) (2)}

Payments

Non-cash

Adjustments ⁽³⁾

Balance,

End of

Period

For the quarter ended March 31, 2017

8,686

(1,889

)

(173

)

6,624

For the quarter ended March 31, 2016

18,985

215

(5,325

)

478

14,353

(1)	Includes charges related to COBRA and outplacement services which are assumed to be completed by the third month following an employee’s departure.

(2)	Severance charges will result in future cash payments through 2018.

(3)	Includes cancellations due to employee departures prior to agreed upon end dates, employee transfers to open positions within the organization and subsequent adjustments to severance and related costs.

Schedule of Changes in Future Minimum Lease Obligations

Changes in our future minimum lease obligations for exited space related to our continuing operations for the quarters ended March 31, 2017 and 2016 were as follows (dollars in thousands):

Balance,

Beginning

of Period

Charges

Incurred ⁽¹⁾

Net Cash

Payments

Other ⁽²⁾

Balance,

End of

Period

For the quarter ended March 31, 2017

36,814

4,457

(5,999

)

(862

)

34,410

For the quarter ended March 31, 2016

12,892

3,098

(5,277

)

905

11,618

_____________

(1)Includes charges for newly vacated spaces and subsequent adjustments for accretion, revised estimates and variances between estimated and actual charges, net of any reversals for terminated lease obligations.

(2)Includes existing prepaid rent and deferred rent liability balances for newly vacated spaces that offset the losses incurred in the period recorded.