XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.21.1

Restructuring | 3 Months Ended
--- | ---
Mar. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring April 2020 Restructuring Plan In April 2020, the Company announced a restructuring plan to reduce operating expenses and adjust cash flows in light of the ongoing economic challenges resulting from the COVID-19 pandemic and its impact on the Company’s business. As a result of the restructuring plan, which was substantially completed in the second quarter of 2020, the Company recognized a stock-based compensation benefit related to the reversal of previously recognized stock-based compensation expenses for unvested stock awards, primarily related to RSUs granted prior to the effectiveness of its IPO Registration Statement on March 28, 2019 using the accelerated attribution method, of $72.7 million. This was offset by a $22.9 million charge related to the accelerated vesting of certain equity awards for employees who were terminated, resulting in a net stock-based compensation benefit of $49.8 million. Additionally, the Company recognized other restructuring charges including severance and other employee costs of $32.1 million as well as lease termination and other restructuring charges of $3.1 million. As a result of the above, the Company recognized a net restructuring benefit of $14.5 million in the three months ended June 30, 2020. The following table summarizes the above restructuring related charges (benefits) by line item within the Company’s condensed consolidated statements of operations where they were recorded in the quarter ended June 30, 2020 (in thousands):
| Stock-Based Compensation Benefit |  | Severance and Other Employee Costs |  | Lease Termination and Other Costs |  | Total
Cost of revenue | $ | (4,237) |  |  | $ | 2,010 |  |  | $ | 1,529 |  |  | $ | (698) |
Operation and support | (2,830) |  |  | 8,281 |  |  | 1,060 |  |  | 6,511 |
Research and development | (37,082) |  |  | 11,706 |  |  | — |  |  | (25,376) |
Sales and marketing | (1,626) |  |  | 3,071 |  |  | — |  |  | 1,445 |
General and administrative | (4,031) |  |  | 7,062 |  |  | 539 |  |  | 3,570 |
Total | $ | (49,806) |  |  | $ | 32,130 |  |  | $ | 3,128 |  |  | $ | (14,548) |
November 2020 Restructuring Plan In November 2020, the Company announced an additional restructuring plan to reduce operating expenses and adjust cash flows in light of the ongoing economic challenges resulting from the COVID-19 pandemic and its impact on the Company’s business. As a result of the restructuring plan, which was substantially completed in the fourth quarter of 2020, the Company recognized severance and other employee costs of $1.5 million. This was offset by a stock based compensation benefit of $0.1 million due to the accelerated vesting of certain equity awards for employees who were terminated. As a result, the Company recognized net restructuring costs of $1.4 million in the year ended December 31, 2020. There were no restructuring related charges recognized in the three months ended March 31, 2021. As of March 31, 2021, the remaining liability for restructuring related costs was immaterial.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration