6. Restructuring

On February 20, 2018, the Company announced a strategic growth plan to realign its product offerings around its hyperscale and hybrid colocation product offerings, along with technology and services from the Company’s cloud and managed services business that support hyperscale and hybrid colocation customers. As part of the strategic growth plan, the Company is narrowing its focus around certain of its cloud and managed services offerings. The Company has incurred and will continue to incur various expenses associated with the strategic growth plan through 2018, with such costs included in the “Restructuring” line item on the consolidated income statement.

Restructuring charges incurred during the three months ended March 31, 2018 are as follows:


			Equity Based
			Compensation and		Product Related
	Severance		Professional Fees		and Other		Total
Balance as of December 31, 2017	$	—	$	—	$	—	$	—
Expensed but not paid		1,738		1,936		4,346		8,020
Cash paid		510		—		—		510
Balance as of March 31, 2018	$	2,248	$	1,936	$	4,346	$	8,530

In addition to the expenses incurred to date, the Company expects to incur a total of approximately $10 million to $15 million in expenses associated with this strategic growth plan through December 31, 2018. This does not include any charges that may be taken in future periods on assets that are being transitioned to the Company’s strategic partner, as those specific assets have not yet been identified.