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RESTRUCTURING CHARGES | 12 Months Ended
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Dec. 31, 2019
RESTRUCTURING CHARGES |
RESTRUCTURING CHARGES | NOTE N – RESTRUCTURING CHARGES ​ On November 3, 2016, the Company announced its plan to implement an enhanced market approach to better serve its customers. The enhanced market approach unified the Company’s sales, pricing, customer service, marketing, and capacity sourcing functions effective January 1, 2017, and allows the Company to operate as one logistics provider under the ArcBest brand. As a result, the Company recorded restructuring charges during 2018 and 2017, the majority of which are noncash, related to contract and lease terminations, severance, and relocation expenses. ​ The following table presents restructuring charges recorded in operating expenses for the years ended December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019 |  | 2018 |  | 2017 |
​ | ​ | (in thousands) | ​
Contract terminations(1) | ​ | $ | — | ​ | $ | 427 | ​ | $ | — | ​
Severance and other(2) | ​ |  | — | ​ |  | 1,228 | ​ |  | 2,963 | ​
Total charges | ​ | $ | — | ​ | $ | 1,655 | ​ | $ | 2,963 | ​
(1) | Charges associated with the termination of noncancelable lease and consulting agreements.
(2) | Primarily severance payments resulting from a reduction in headcount of approximately 130 positions and other employee-related costs.

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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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