Restructuring

During the fourth quarter of 2017, management committed to an action to restructure certain parts of the Company, with the intent of shifting focus to more critical areas of the business and away from products that have not seen expected commercial success. The restructuring is also intended to facilitate cost efficiencies and savings. As part of the cost efficiency and savings plans, certain headcount and facility reductions were made in 2017 and the first half of 2018. Certain capitalized internal-use software charges have also been realized for software not yet placed into service that will not be completed and implemented due to this action. The Company has incurred $62.7 million of restructuring charges as part of this action, of which $13.4 million was recognized during the six months ended June 30, 2018, and $49.3 million was recognized during the three months ended December 31, 2017. The Company expects to record additional restructuring charges in the remainder of 2018, primarily related to consolidating facilities. The Company does not expect the incremental charges to be material.

The Company also recognized restructuring charges for redundant employees, facilities and contracts associated with acquisitions completed in 2017.

The following table summarizes the activity of the Company's restructuring accrual during the six months ended June 30, 2018 (in thousands):



	Employee Severance and Related Benefits			Software Charges			Excess Facilities, Contract Terminations and Other			Total
Balance as of January 1, 2018	$	12,857		$	—		$	1,386		$	14,243
Costs incurred	6,761			2,818			5,595			15,174
Cash disbursements	(17,831		)	—			(4,777		)	(22,608		)
Software and other non-cash charges	—			(2,818		)	(1,787		)	(4,605		)
Translation adjustments and other	—			—			(181		)	(181		)
Balance as of June 30, 2018	$	1,787		$	—		$	236		$	2,023