Restructuring

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

During the fourth quarter of 2020, management committed to an action to restructure certain parts of the Company to better position itself to become more agile in delivering its solutions. As a result, certain headcount reductions were necessary and certain capitalized internal-use software charges were realized for software not yet placed into service that will not be completed and implemented due to this action. The Company incurred expenses of $31.2 million as part of this action, of which $0.6 million and $7.6 million was incurred during the three and six months ended June 30, 2021, respectively. The Company does not expect to incur material additional charges related to this action.

During the fourth quarter of 2019, management committed to an action to restructure certain parts of the Company to focus on investments with the potential to accelerate revenue growth. As a result, certain headcount reductions were necessary, certain capitalized internal-use software charges were realized for software not yet placed into service that will not be completed and implemented due to this action and an impairment of a right-of-use asset was recognized related to exiting a facility no longer needed. The Company has incurred restructuring charges of $20.6 million as part of this action, of which a benefit of $0.2 million and a charge of $10.4 million were recorded, respectively, during the three and six months ended June 30, 2020. During the three and six months ended June 30, 2021, a benefit of $2.8 million was recorded to reflect the release by the landlord of the remaining lease obligation for the exited facility. No additional charges related to this action are expected.

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

The following table summarizes the activity of the Company's accrual for employee severance and related benefits for all restructuring actions during the six months ended June 30, 2021 (in thousands):


Balance as of January 1, 2021	$	22,051
Costs incurred	4,629
Cash disbursements	(21,376)
Translation adjustments and other	(214)
Balance as of June 30, 2021	$	5,090