Executive Retirement

6 Months Ended

Jun. 30, 2018

Restructuring and Related Activities [Abstract]

Executive Retirement

Executive Retirement

Effective February 28, 2018, Mr. Harry Quarls retired from his position as a director and Executive Chairman of the Company. In connection with his retirement, we entered into a separation and consulting agreement (“Separation Agreement”) whereby Mr. Quarls will provide transition and support services to us through December 31, 2018. We paid Mr. Quarls $0.3 million for such services and a mutually agreed-upon amount for any services in excess of a minimum level established in the Separation Agreement. The Separation Agreement included a general release of claims and provided for the accelerated vesting of certain share-based compensation awards for which we recognized expense of $0.6 million during the six months ended June 30, 2018 (see Note 15). The costs associated with the Separation Agreement, including the share-based compensation charges, are included as a component of G&A expenses in our Condensed Consolidated Statements of Operation.