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Restructuring Charges | 9 Months Ended
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Sep. 30, 2020
Restructuring Charges |
Restructuring Charges | 14. Restructuring Charges During the first quarter of 2020, we completed restructuring activities to further streamline our organization and more fully align our teams to improve our customer service and profitability. We incurred severance costs during the first quarter related to these activities. No additional costs will be incurred related to these restructuring activities. In response to the decreased activity level of our customers that resulted from the COVID-19 pandemic beginning in the second quarter of 2020, we incurred severance costs to right-size our business. We are not currently able to estimate the total amount of restructuring costs to be incurred as a result of the COVID-19 pandemic, as the magnitude and duration of the pandemic and its impact on our operations remain difficult to predict. During the third quarter of 2020, a plan to dispose of certain non-core properties was approved by management. During the three and nine months ended September 30, 2020, we recorded a charge of $1.5 million associated with the disposal of these properties. We are not currently able to estimate the total amount of restructuring costs to be incurred as a result of our property disposals, as the timing of the disposal and magnitude of the financial impact of their ultimate disposition remain difficult to predict. The severance and property disposal costs incurred under the above restructuring plans were recorded to restructuring charges in our condensed consolidated statements of operations. The following table presents the changes to our accrued liability balance related to restructuring charges during the nine months ended September 30, 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Organizational | ​ | Pandemic | ​ | Property | ​ | ​
​ | ​ | Restructuring | ​ | Restructuring | ​ | Restructuring | ​ | Total
Balance at December 31, 2019 |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Charges incurred (1) | ​ |  | 1,695 | ​ |  | 3,843 | ​ |  | 1,498 | ​ |  | 7,036
Non-cash expense (2) | ​ | ​ | (61) | ​ | ​ | (101) | ​ | ​ | (1,498) | ​ | ​ | (1,660)
Payments | ​ | ​ | (1,634) | ​ | ​ | (3,742) | ​ | ​ | — | ​ | ​ | (5,376)
Balance at September 30, 2020 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
(1) | Includes a loss on sale of $0.9 million and an impairment loss of $0.6 million related to the property restructuring during the nine months ended September 30, 2020.
(2) | Represents accelerated vesting of stock awards related to the Q1 and pandemic restructuring activities and the loss on sale and impairment loss related to the property restructuring during the nine months ended September 30, 2020.
​ The following table presents, by segment, restructuring charges incurred during the three and nine months ended September 30, 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Contract | ​ | Aftermarket | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Operations | ​ | Services | ​ | Other (1) | ​ | Total
Three months ended September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Organizational restructuring | ​ | $ | (20) | ​ | $ | — | ​ | $ | (13) | ​ | $ | (33)
Pandemic restructuring | ​ | ​ | 546 | ​ | ​ | 644 | ​ | ​ | 245 | ​ | ​ | 1,435
Property restructuring | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss on sale | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 915 | ​ | ​ | 915
Impairment loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | 583
Total property restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,498 | ​ | ​ | 1,498
Total restructuring charges | ​ | $ | 526 | ​ | $ | 644 | ​ | $ | 1,730 | ​ | $ | 2,900
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Organizational restructuring | ​ | $ | 458 | ​ | $ | 625 | ​ | $ | 612 | ​ | $ | 1,695
Pandemic restructuring | ​ | ​ | 1,932 | ​ | ​ | 931 | ​ | ​ | 980 | ​ | ​ | 3,843
Property restructuring | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss on sale | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 915 | ​ | ​ | 915
Impairment loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | 583
Total property restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,498 | ​ | ​ | 1,498
Total restructuring charges | ​ | $ | 2,390 | ​ | $ | 1,556 | ​ | $ | 3,090 | ​ | $ | 7,036
(1) | Represents expense incurred within our corporate function and not directly attributable to our segments.
​ The following table presents, by cost type, restructuring charges incurred during the three and nine months ended September 30, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, 2020 | ​ | September 30, 2020
Severance costs |  | ​ | ​ | ​ | ​ | ​
Organizational restructuring | ​ | $ | (33) |  | $ | 1,695
Pandemic restructuring | ​ | ​ | 1,435 |  | ​ | 3,843
Total severance costs | ​ | ​ | 1,402 | ​ | ​ | 5,538
Property restructuring | ​ | ​ | ​ | ​ | ​ | ​
Loss on sale | ​ | ​ | 915 | ​ | ​ | 915
Impairment loss | ​ | ​ | 583 | ​ | ​ | 583
Total property restructuring |  | ​ | 1,498 |  | ​ | 1,498
Total restructuring charges | ​ | $ | 2,900 | ​ | $ | 7,036
​

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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