Restructuring Charges

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

During the first quarter of 2020, management approved a restructuring program to refine its business model and improve operational efficiencies. This program included both a voluntary bridge to retirement ("VBR") program for certain eligible employees and involuntary headcount reductions ("Other"). The VBR program is part of the Company's long-term strategic planning process and is designed to bridge eligible employees to retirement. As part of this program, employees were offered severance in the form of salary continuation, including benefits, as well as accrued bonus incentives. Costs associated with the involuntary headcount reductions include severance and other benefits related to these headcount reductions.

The activity related to the Company’s restructuring programs was as follows:

	Three months ended June 30, 2020				Six months ended June 30, 2020
(in thousands)	VBR		Other		VBR		Other
Balance at beginning of period	$	11,249	$	288	$	—	$	—
Provision	—		1,104		11,249		1,483
Payments	(1,124)		(539)		(1,124)		(630)
Foreign currency translation and other	215		3		215		3
Balance at end of period	$	10,340	$	856	$	10,340	$	856

There are no further costs expected to be incurred with these programs. The Company could implement additional restructuring programs in the future as a result of the impacts of the COVID-19 pandemic or other operational efficiency improvement opportunities.

The restructuring program liabilities recognized on the unaudited condensed consolidated balance sheets were as follows:

(in thousands)		June 30,
Balance Sheet Location	Restructuring Program	2020
Accrued compensation and benefits	VBR	$	8,447
	Other	856
Other noncurrent liabilities	VBR	1,893