Commitments and Contingencies

6 Months Ended

Jun. 30, 2017

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

9. Commitments and Contingencies

Accrued Expense

The Company recorded separation charges aggregating $5.1 million and $16.6 million for the three and six months ended June 30, 2017, respectively.  The six-month aggregate charge included $9.4 million related to the March 2, 2017, executive management transition, which was the result of the termination without cause of several of the Company’s executives under the terms of their respective employment agreements.  The remaining $7.2 million related to the elimination of 65 positions, including nine officer level roles, in April 2017 as part of organization changes to further centralize key operational decision-making.  The total six-month charge included stock-based compensation expense of approximately $4.5 million related to the acceleration of expense associated with the grant date fair value of the unvested stock-based awards.  At June 30, 2017, approximately $5.5 million was included in accounts payable and accrued expenses related to the aggregate charges in the Company’s consolidated balance sheet.