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Restructuring | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring During the year ended December 31, 2020, the Company implemented a restructuring plan (the "2020 Plan") to optimize future growth and profitability. The primary components of the 2020 Plan included a workforce reduction, a reduction of the Company's real estate expenses and professional fees, and the elimination of certain deferred compensation programs. The Company continued to incur charges related to the 2020 Plan during the year ended December 31, 2021, which primarily related to finalizing a reduction of the Company's real estate footprint. The Company did not incur any charges under the 2020 Plan during the years ended December 31, 2022, and 2023, and does not anticipate incurring any future charges under the 2020 Plan. Restructuring charges (reversals) for the year ended December 31, 2021, by type of charge (reversal) and operating segment are as follows:
| Executive Search |  |  |  |  |  |
| Americas |  | Europe |  | Asia Pacific |  | Heidrick Consulting |  | Global Operations Support |  | Total
Employee related | $ | 20 |  |  | $ | (97) |  |  | $ | (124) |  |  | $ | (44) |  |  | $ | 62 |  |  | $ | (183) |
Office related | 3,859 |  |  | — |  |  | — |  |  | 399 |  |  | (296) |  |  | 3,962 |
Other | 3 |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 13 |
Total | $ | 3,882 |  |  | $ | (97) |  |  | $ | (124) |  |  | $ | 355 |  |  | $ | (224) |  |  | $ | 3,792 |
Restructuring charges incurred to date under the 2020 Plan, which are solely comprised of prior period charges, by type of charge and reportable segment are as follows:
| Executive Search |  |  |  |  |  |
| Americas |  | Europe |  | Asia Pacific |  | Heidrick Consulting |  | Global Operations Support |  | Total
Employee related | $ | 16,226 |  |  | $ | 8,256 |  |  | $ | 4,110 |  |  | $ | 2,589 |  |  | $ | 1,416 |  |  | $ | 32,597 |
Office related | 18,101 |  |  | 226 |  |  | 374 |  |  | 2,352 |  |  | 1,819 |  |  | 22,872 |
Other | 34 |  |  | 24 |  |  | 6 |  |  | 71 |  |  | 560 |  |  | 695 |
Total | $ | 34,361 |  |  | $ | 8,506 |  |  | $ | 4,490 |  |  | $ | 5,012 |  |  | $ | 3,795 |  |  | $ | 56,164 |
As part of the Company's reduction in real estate expenses under the 2020 Plan, a lease component related to one of the Company's offices was abandoned. In September 2021, the Company entered into a termination and surrender agreement for this lease component. Under the terms of the agreement, the Company made a one-time payment of $11.7 million to release the Company from all remaining obligations under the lease. At the time of payment, the Company had accrued approximately $17.4 million of lease liabilities related to future payments under the remaining lease term. Upon making the one-time payment, the lease liabilities were relieved, resulting in a gain on termination of approximately $5.7 million, which is recorded in Restructuring charges in the Consolidated Statements of Comprehensive Income (Loss) for the year ended December 31, 2021. Changes in the restructuring accrual for the years ended December 31, 2023, 2022, and 2021 were as follows:
|  | Employee Related |  | Office Related |  | Other |  | Total
Accrual balance at December 31, 2020 |  | 22,312 |  |  | 953 |  |  | — |  |  | 23,265 |
Restructuring charges |  | (183) |  |  | 3,962 |  |  | 13 |  |  | 3,792 |
Cash payments |  | (13,702) |  |  | (738) |  |  | (13) |  |  | (14,453) |
Non-cash write-offs |  | 44 |  |  | (4,190) |  |  | — |  |  | (4,146) |
Exchange rate fluctuations |  | (77) |  |  | 13 |  |  | — |  |  | (64) |
Accrual balance at December 31, 2021 |  | 8,394 |  |  | — |  |  | — |  |  | 8,394 |
Cash payments |  | (4,853) |  |  | — |  |  | — |  |  | (4,853) |
Non-cash write-offs |  | (34) |  |  | — |  |  | — |  |  | (34) |
Exchange rate fluctuations |  | (85) |  |  | — |  |  | — |  |  | (85) |
Accrual balance at December 31, 2022 |  | $ | 3,422 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,422 |
Cash payments |  | (3,516) |  |  | — |  |  | — |  |  | (3,516) |
Exchange rate fluctuations |  | 94 |  |  | — |  |  | — |  |  | 94 |
Accrual balance at December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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