XML 27 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Restructuring Charges (Credits)
 6 Months Ended
Jun. 30, 2017
Restructuring and Related Activities [Abstract]  
Restructuring Charges (Credits)
Restructuring Charges (Credits)

2017 Restructuring Plan

In January 2017, we entered into a strategic partnership with the National Research Center for College & University Admissions (NRCCUA) where NRCCUA will assume responsibility for managing, renewing, and maintaining our existing university contracts and become the exclusive reseller of our digital enrollment marketing services for colleges and universities. As a result of this strategic partnership, approximately 50 employees in China and the United States supporting the sales and account support functions of our Enrollment Marketing offering were terminated, resulting in one-time workforce reduction costs of $0.9 million and lease termination and other costs of $0.1 million recorded during the six months ended June 30, 2017. We expect costs incurred to date related to this workforce reduction to be fully paid within nine months.

2015 Restructuring Plan

Restructuring credits recorded in 2016 of $0.4 million primarily related to a partial reversal of previously accrued lease termination costs due to our subtenant leasing additional space in our Kentucky warehouse. Costs incurred to date related to the lease termination and other costs are expected to be fully paid by 2021.

The following table summarizes the activity related to the accrual for restructuring charges (credits) (in thousands):
 
2017 Restructuring Plan
 
2015 Restructuring Plan
 
 
 
Workforce Reduction Costs
 
Lease Termination and Other Costs
 
Workforce Reduction Costs
 
Lease Termination and Other Costs
 
Total
Balance at January 1, 2016
$
—

 
$
—

 
$
55

 
$
2,463

 
$
2,518

Restructuring credits
—

 
—

 
—

 
(423
)
 
(423
)
Cash payments
—

 
—

 
(55
)
 
(1,734
)
 
(1,789
)
Balance at December 31, 2016
—

 
—

 
—

 
306

 
306

Restructuring charges (credits)
883

 
118

 
—

 
(42
)
 
959

Cash (payments) receipts
(803
)
 
(118
)
 
—

 
6

 
(915
)
Balance at March 31, 2017
$
80

 
$
—

 
$
—

 
$
270

 
$
350



As of June 30, 2017, the $0.4 million liability was comprised of a short-term accrual of $0.2 million included within accrued liabilities and a long-term accrual of $0.2 million included within other liabilities on our condensed consolidated balance sheets.