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Severance and Other Charges (Credits), net
 12 Months Ended
Dec. 31, 2019
Restructuring and Related Activities [Abstract]  
Severance and Other Charges (Credits), net Severance and Other Charges (Credits), net

We recognize severance and other charges for costs associated with workforce reductions, facility closures, exiting or reducing our footprint in certain countries, inventory impairment and the retirement of excess machinery and equipment based on economic utility. As a result of the downturn in the industry and its impact on our business outlook, we continue to take actions to adjust our operations and cost structure to reflect current and expected activity levels. Depending on future market conditions, further actions may be necessary to adjust our operations, which may result in additional charges.
Our severance and other charges (credits), net are summarized below (in thousands):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Severance and other costs
$
9,744

 
$
4,552

 
$
2,697

Fixed asset impairments and retirements
32,916

 
—

 
6,454

Inventory impairments
4,471

 
—

 
51,181

Intangible asset impairments
3,299

 
—

 
—

Accounts receivable write-off (recovery)
—

 
(4,862
)
 
15,022

 
$
50,430

 
$
(310
)
 
$
75,354



Severance and other costs: We incurred costs due to a continued effort to adjust our cost base, including reducing our workforce to meet the depressed demand in the industry. At December 31, 2019, our outstanding liability associated with our current program was approximately $5.8 million and included severance payments and other employee-related separation costs.

Below is a reconciliation of our employee separation liability balance (in thousands):
 
Tubular Running Services
 
Tubulars
 
Cementing Equipment
 
Corporate
 
Total
Balance at December 31, 2018
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Additions for costs expensed
3,573

 
70

 
2,103

 
3,998

 
9,744

Severance and other payments
(1,593
)
 
(51
)
 
(471
)
 
(1,762
)
 
(3,877
)
Other adjustments
20

 
—

 
—

 
(50
)
 
(30
)
Balance at December 31, 2019
$
2,000

 
$
19

 
$
1,632

 
$
2,186

 
$
5,837



Fixed asset impairments and retirements: During the year ended December 31, 2017, we identified certain equipment that based on specifications and current market conditions no longer had economic utility and therefore had reached the end of its useful life, as well as abandoned capital projects. Accordingly, management decided to retire this equipment, which resulted in charges of $6.5 million. During the year ended December 31, 2019, we undertook a comprehensive business review in conjunction with a sharp decline in U.S. land activity. Through this review, we identified certain fixed assets, primarily construction in progress, that were not commercially viable given current market conditions. This resulted in an impairment charge of $32.9 million.

Inventory impairments: During the year ended December 31, 2017, we determined the cost of our connector inventory exceeded its net realizable value, which resulted in a charge of $51.2 million. During the year ended December 31, 2019, certain inventories in our Tubular Running Services, Cementing Equipment and Tubulars segments were determined to have costs that exceeded their net realizable values, resulting in a charge of $4.5 million.

Intangible asset impairments: During the year ended December 31, 2019, we identified certain intangible assets that no longer had commercial viability to the Company, resulting in an impairment charge of $3.3 million. Please see Note 1—Basis of Presentation and Significant Accounting Policies in these Notes to Consolidated Financial Statements for additional details.

Accounts receivable write-off (recovery): We have experienced payment delays from certain customers in Nigeria, Angola and Venezuela. During the fourth quarter of 2017 management decided to significantly reduce our footprint in Nigeria and Angola and temporarily cease operations in Venezuela, which we believe will diminish our ability to collect amounts owed. As a result, we wrote off trade accounts receivable of $15.0 million during the year ended December 31, 2017. In 2018, we recovered $4.9 million of previously written off receivables from a customer in Angola.