OTHER

Advertising Expenses

Advertising expenses incurred to promote our brand and products (which we also refer to as marketing expenses) were $40.4 million and $26.6 million in the third quarters of 2018 and 2017, respectively, and $107.6 million and $86.0 million in the first nine months of 2018 and 2017, respectively.

Capitalized Computer Software Costs

Amortization of capitalized computer software costs included in “Depreciation and amortization” in our Condensed Consolidated Statements of Operations were $4.1 million and $4.0 million in the third quarters of 2018 and 2017, respectively, and $11.4 million and $9.7 million in the first nine months of 2018 and 2017, respectively.

Headquarters Redesign and Consolidation

In December 2016, we announced plans to redesign our headquarters building, consolidate our space within a smaller number of floors and lease the additional floors to third parties. We incurred $2.5 million of total expenses related to these measures in the third quarter of 2017, and $3.1 million and $6.9 million in the first nine months of 2018 and 2017, respectively. We capitalized approximately $3 million and $26 million in the third quarters of 2018 and 2017, respectively, and $14 million and $37 million in the first nine months of 2018 and 2017, respectively, related to these measures. We expect the capital expenditures and spending in connection with this project to be completed in the fourth quarter of 2018.

Restricted Cash

A reconciliation of cash, cash equivalents and restricted cash as of September 30, 2018 and December 31, 2017 from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows:



(In thousands)	September 30, 2018		December 31, 2017

Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	206,179	$	182,911
Restricted cash included within other current assets	651		375
Restricted cash included within miscellaneous assets	17,560		17,650
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$	224,390	$	200,936

Substantially all of the amount included in restricted cash is set aside to collateralize workers’ compensation obligations.

Severance Costs

We recognized severance costs of $0.3 million and $2.1 million in the third quarters of 2018 and 2017, respectively, and $4.9 million and $23.0 million in the first nine months of 2018 and 2017, respectively, related to workforce reductions. The costs in 2017 were related to a workforce reduction primarily affecting our newsroom in connection with measures to streamline our editing process and allow for further investments in the newsroom. These costs are recorded in “Selling, general and administrative costs” in our Condensed Consolidated Statements of Operations.

We had a severance liability of $8.3 million and $18.8 million included in “Accrued expenses and other” in our Condensed Consolidated Balance Sheets as of September 30, 2018, and December 31, 2017, respectively. We anticipate most of the payments will be made within the next twelve months.