RESTRUCTURING COSTS AND ACCRUALS (Notes)

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

In October 2020, we committed to a restructuring plan in order to undergo a strategic reorganization of our business. The strategic reorganization involved significant changes in business operations to better support our strategy and overall performance. The restructuring plan related to our strategic reorganization is expected to be substantially completed in 2021.

During the three months ended March 31, 2021, we recorded restructuring charges of $1.1 million for employee severance costs related to approximately 23 positions eliminated during the first quarter of 2021.

During the three months ended March 31, 2020, we recorded restructuring charges of $0.1 million for employee severance cost adjustments.

The following table sets forth the activity in the restructuring accruals for the three months ended March 31, 2021 (in thousands):


	Employee
Accrual balance as of December 31, 2020	$	3,687
Restructuring charges and revisions	912
Cash payments	(2,438)
Foreign exchange impact on ending balance	(36)
Accrual balance as of March 31, 2021	$	2,125

The employee restructuring accrual at March 31, 2021 represents severance costs to former employees that will be paid out within 12 months, and is, therefore, included in the caption “accrued expenses and other current liabilities” in our condensed consolidated balance sheets as of March 31, 2021.