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Restructuring
6 Months Ended
Jun. 30, 2020
Restructuring And Related Activities [Abstract]  
Restructuring

4.

Restructuring

The following table summarizes the changes in the Company’s restructuring accrual:

 

 

 

2018 Restructuring

Activities

 

 

2019 Restructuring

Activities

 

 

Total

 

Balance at December 31, 2019

 

$

4.2

 

 

$

1.5

 

 

$

5.7

 

Severance payments

 

 

(1.0

)

 

 

(1.4

)

 

 

(2.4

)

Accretion of interest (a)

 

 

0.3

 

 

 

 

 

 

0.3

 

Balance at June 30, 2020

 

$

3.5

 

 

$

0.1

 

 

$

3.6

 

 

 

(a)

Accretion of interest is included within “Restructuring expenses” in the unaudited Condensed Consolidated Statements of Operations.

Accreted interest recognized related to restructuring activities associated with a historical acquisition was $0.1 million and $0.3 million for both the three and six months ended June 30, 2020 and 2019, respectively.

The current portion of the restructuring accrual of $1.4 million and $2.9 million at June 30, 2020 and December 31, 2019, respectively, is included within “Accrued expenses and other current liabilities” on the unaudited Condensed Consolidated Balance Sheets. The long-term portion of the restructuring accrual of $2.2 million and $2.8 million at June 30, 2020 and December 31, 2019, respectively, is included within “Other noncurrent liabilities” on the unaudited Condensed Consolidated Balance Sheets.

Of the $3.6 million restructuring accrual outstanding as of June 30, 2020, approximately $1.0 million is expected to be paid in 2020, $1.6 million in 2021 and $1.6 million in 2022, less accreted interest of $0.6 million.