RESTRUCTURING COSTS

In February 2017, to better align the Company's cost structure and business in certain markets, the Company announced a dealership restructuring plan (the "Fiscal 2018 Restructuring Plan"), which resulted in the closure of one Construction location and 14 Agriculture locations. The Fiscal 2018 Restructuring Plan resulted in a reduction of expenses while allowing the Company to continue to provide a leading level of service to its customers. In total, over the term of the Fiscal 2018 Restructuring Plan, the Company recognized $13.9 million of restructuring charges consisting primarily of lease termination costs, termination benefits and fixed asset impairment charges. Such costs are included in the restructuring costs line in the consolidated statements of operations. As of January 31, 2018, the Company had closed and fully exited all of these locations and had completed its Fiscal 2018 Restructuring Plan. For fiscal year ended January 31, 2020, there were no costs incurred related to the Fiscal 2018 Restructuring Plan.

Restructuring costs (credits) associated with the Company's Fiscal 2018 Restructuring Plan are summarized in the following table:



			Year Ended January 31,
	Cumulative Amount		2019		2018
	(in thousands)
Lease accrual and termination costs	$	6,095	$	414	$	5,681
Termination benefits	5,053		—		5,053
Impairment of fixed assets, net of gains on asset disposition	2,206		—		(751		)
Asset relocation and other costs	516		—		516
	$	13,870	$	414	$	10,499

Restructuring charges (credits) are summarized by segment in the following table:



	Year Ended January 31,
	2019			2018
	(in thousands)
Segment
Agriculture	$	441		$	6,886
Construction	(27		)	2,093
International	—			62
Shared Resources	—			1,458
Total	$	414		$	10,499

A reconciliation of the beginning and ending exit cost liability balance associated with our Fiscal 2018 Restructuring Plan is as follows:



	Lease Accrual & Termination Costs			Termination Benefits			Total
	(in thousands)
Balance, January 31, 2018	$	5,393		$	404		$	5,797
Exit costs incurred and charged to expense	414			—			414
Exit costs paid	(3,428		)	(404		)	(3,832		)
Balance, January 31, 2019	2,379			—			2,379
Reclassified as a reduction of right-of-use lease assets upon adopting ASC 842, Leases	(2,379		)	—			(2,379		)
Balance, January 31, 2020	$	—		—			$	—

As of January 31, 2019, $2.2 million of the exit cost liability was included in other long-term liabilities and $0.2 million was included in accrued expenses and other in the consolidated balance sheets.

During the year ended January 31, 2019, the Company paid $3.0 million to terminate the real estate lease agreement for one of the Company's previously closed stores. The termination payment approximated the recorded lease accrual liability and therefore the impact to the consolidated statement of operations was not material.