Post-employment Benefits

12 Months Ended

Sep. 30, 2020

On February 18, 2019, we announced that our campus in Norwood, Massachusetts is no longer accepting new student applications, and its last group of students started on March 18, 2019 and completed the curriculum in July 2020, with the campus closing on July 31, 2020. The post-employment benefits incurred due to the campus closure were approximately $1.1 million.

Additionally, we periodically enter into agreements that provide post-employment benefits to personnel whose employment is terminated. On October 21, 2019, we announced the retirement of our former President and Chief Executive Officer, Kimberly J. McWaters, effective October 31, 2019. During the twelve months ended September 30, 2020, we incurred post-employment benefit charges of $1.5 million and paid cash of $1.2 million, in accordance with Ms. McWaters’ Retirement Agreement and Release of Claims, dated October 31, 2019.

The post-employment benefit liability, which is included in “Accounts payable and accrued expenses” on the accompanying consolidated balance sheets, is generally paid out ratably over the terms of the agreements, which range from 1 month to 24 months, with the final agreement expiring in 2021.

The post-employment benefit accrual activity for the years ended September 30, 2020 and 2019 was as follows:


	Severance		Other		Total
Balance accrued as of September 30, 2018	$	372	$	9	$	381
Post-employment benefit charges	1,637		90		1,727
Cash paid	(1,159)		(28)		(1,187)
Other non-cash adjustments(1)	(129)		(39)		(168)
Balance accrued as of September 30, 2019	$	721	$	32	$	753
Post-employment benefit charges	2,223		57		2,280
Cash paid	(2,210)		(51)		(2,261)
Other non-cash adjustments(1)	131		(29)		102
Balance accrued as of September 30, 2020	$	865	$	9	$	874

(1) Primarily relates to the reclassification of benefits between severance and other benefits.