XML 38 R21.htm IDEA: XBRL DOCUMENT v3.19.2
Restructuring Activities
6 Months Ended
Jun. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring Activities
Restructuring Activities

Our management team along with members of the Board have formed a project committee focused on our cost-saving initiatives and other restructuring efforts. This committee has commenced a review of each of our business lines and other operational areas to identify both one-time and recurring cost-saving opportunities.
In the three and six months ended June 30, 2019 we recorded a restructuring charge of $3.3 million and $7.8 million, respectively. This comprised charges mainly related to customer database build write offs, termination fees related to certain contracts with Wipro, severance agreements, asset impairment and facility related expense. The following table summarizes the restructuring charges which are recorded in "Restructuring Expenses" in the Condensed Consolidated Statement of (Loss) Income.
in thousands
 
Three Months Ended June 30, 2019

Six months Ended June 30, 2019
Customer database build write off
 
$
1,845


$
4,036

Contract termination fee
 


2,100

Severance
 
496


644

Facility, asset impairment and other expense
 
940


1,008

Total
 
$
3,281


$
7,788

The following table summarizes the changes in liabilities related to restructuring activities:
in thousands
Three months Ended June 30, 2019
 
Contract Termination Fee
 
Severance
 
Facility, asset impairment and other expense
 
Total
Beginning Balance:
$

 
$
68

 
$

 
$
68

Additions:
2,100

 
496

 
38

 
2,634

Payments

 
(304
)
 

 
(304
)
Ending Balance:
$
2,100

 
$
260

 
$
38

 
$
2,398

in thousands
Six Months Ended June 30, 2019
 
Contract Termination Fee
 
Severance
 
Facility, asset impairment and other expense
 
Total
Beginning balance:
$


$


$

 
$

Additions:
2,100


644


38

 
2,782

Payments


(384
)


 
(384
)
Ending balance:
$
2,100

 
$
260

 
$
38

 
$
2,398



We expect that in connection with our cost-saving and restructuring initiatives, we will incur total restructuring charges of approximately $12 million through 2020. One of the larger initiatives to combine sub-scale production environments received Board approval on August 1, 2019.