Restructuring Costs

6 Months Ended

Jun. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

In April 2016, the Company streamlined its organizational structure, resulting in a reduction of approximately 6% of its total workforce. The Company estimates that the total costs related to the 2016 restructuring will be approximately $1.9 million, all of which is related to one-time termination benefits. During the three and six months endedJune 30, 2016, restructuring costs of $1.8 million were incurred and paid related to the 2016 restructuring. The Company estimates that the remaining $0.1 million of restructuring costs related to the 2016 restructuring will be incurred during the remainder of 2016.

During 2015, QEP had multiple restructuring events, including the closure of its Tulsa office, which occurred in the third quarter of 2015. The Company estimates that the total costs related to the 2015 restructuring events will be approximately $8.5 million, of which approximately $5.3 million is related to one-time termination benefits and approximately $3.2 million is related to relocation of certain employees. During the three and six months endedJune 30, 2016, restructuring costs of $0.2 million and $0.5 million, respectively, were incurred and paid related to the Tulsa office closure, all of which were related to the relocation of certain employees. The Company estimates that the remaining $0.3 million of restructuring costs related to the 2015 restructuring events will be incurred during the remainder of 2016.

All restructuring costs were recorded within "General and administrative" expense on the Condensed Consolidated Statement of Operations.