XML 16 R20.htm IDEA: XBRL DOCUMENT v3.20.1
SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

In December 2019, a novel strain of coronavirus was reported in Wuhan, Hubei province, China. In the first several months of 2020, the virus, SARS-CoV-2, and resulting disease, COVID-19, spread to the United States, including New York State, the geographic location in which the Company’s headquarters operates. On March 21, 2020, New York Governor Andrew Cuomo issued an Executive Order entitled “New York State on PAUSE” (Policy that Assures Uniform Safety for Everyone) (the “Order”), pursuant to which, all non-essential employees (as defined by the State) must stay at home starting March 22, 2020 through April 19, 2020. The Company was deemed essential. On March 25, 2020, Colorado Governor Jared Polis announced an executive order for Coloradans to stay at home in order to help prevent the spread of coronavirus. The stay-at-home order went into effect Thursday, March 26, 2020 at 6 a.m. and will last through Saturday, April 11, 2020.

 

Beginning March 16, 2020, prior to the Order, most of the Company’s New York employees began temporarily working remotely to ensure the safety and well-being of our employees and their families. The Colorado employees began working remotely on March 26, 2020. The Company’s technology infrastructure, for some time, has been set up to handle offsite seamless operations to address alternative disaster recovery disruption. As a result, all employees will continue to work remotely unless they report needing sick leave or family leave pursuant to regulated benefits.