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RESTRUCTURING AND RELATED CHARGES | 9 Months Ended
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Sep. 30, 2020
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND RELATED CHARGES | RESTRUCTURING AND RELATED CHARGES In April 2020, the Board approved a multi-phase restructuring plan of up to $105.0 million of total pretax charges related to our previously announced strategic shift and as part of the cost cutting measures implemented in response to the impact of COVID-19 on our business. We expect to incur total pretax charges of $75.0 million to $105.0 million in connection with the multi-phase restructuring actions through the end of 2021. The first phase of the restructuring actions includes an overall reduction of approximately 1,300 positions globally and the exit or discontinuation of the use of certain leases and other assets by the end of 2020. The majority of the first phase of workforce reductions and impairments of our right-of-use and other long-lived assets occurred during the second quarter 2020. In the third quarter 2020, we initiated the second phase of our restructuring plan, which included additional workforce reductions and the exit of our operations in New Zealand and Japan. The majority of our restructuring charges are expected to be paid in cash and primarily relate to employee severance and benefits expenses, facilities-related costs and impairment charges and professional advisory fees. We will continue to evaluate our cost structure, including additional workforce reductions, as part of our restructuring plan. Costs incurred related to the restructuring plan are classified as Restructuring and related charges on the condensed consolidated statements of operations. The following table summarizes costs incurred by segment related to the restructuring plans for both the three and nine months ended September 30, 2020 (in thousands):
|  | Three Months Ended September 30, 2020
|  | Employee Severance and Benefit Costs (1) |  | Legal and Advisory Costs |  | Property, Equipment and Software Impairments |  | Right-of-Use Asset Impairments and Lease-related Charges (Credits) |  | Total Restructuring Charges (Credits)
North America |  | $ | 1,489 |  |  | $ | 435 |  |  | $ | 70 |  |  | $ | 736 |  |  | $ | 2,730 |
International |  | 14,400 |  |  | 18 |  |  | 195 |  |  | 3,216 |  |  | 17,829 |
Consolidated |  | $ | 15,889 |  |  | $ | 453 |  |  | $ | 265 |  |  | $ | 3,952 |  |  | $ | 20,559 |
(1)The employee severance and benefits costs for the three months ended September 30, 2020 are related to the termination of and planned termination of approximately 500 employees. Additional severance and benefits costs may be incurred in future periods. Substantially all of the remaining cash payments for the costs accrued as of September 30, 2020 are expected to be disbursed by the end of 2020.
|  | Nine Months Ended September 30, 2020
|  | Employee Severance and Benefit Costs (1) |  | Legal and Advisory Costs |  | Property, Equipment and Software Impairments |  | Right-of-Use Asset Impairments and Lease-related Charges (Credits) |  | Total Restructuring Charges (Credits)
North America |  | $ | 17,548 |  |  | $ | 443 |  |  | $ | 4,790 |  |  | $ | 10,047 |  |  | $ | 32,828 |
International |  | 23,041 |  |  | 759 |  |  | 227 |  |  | 4,182 |  |  | 28,209 |
Consolidated |  | $ | 40,589 |  |  | $ | 1,202 |  |  | $ | 5,017 |  |  | $ | 14,229 |  |  | $ | 61,037 |
(1)The employee severance and benefits costs for the nine months ended September 30, 2020 are related to the termination and planned termination of approximately 1,200 employees. Additional severance and benefits costs may be incurred in future periods. Substantially all of the remaining cash payments for the costs accrued as of September 30, 2020 are expected to be disbursed by the end of 2020. As a part of our restructuring plan, we vacated several of our leased facilities, and many of those facilities are being actively marketed for sublease or we are in negotiations with the landlord to potentially terminate or modify those leases. During the nine months ended September 30, 2020, we recognized $17.2 million in restructuring charges related to the impairment of right-of-use assets and leasehold improvements related to those leases as we reduced the carrying value of the those assets to their respective fair value. See Note 2, Goodwill and Long-Lived Assets for more information. Rent expense, including amortization of the right-of-use asset and accretion of the operating lease liability, sublease income and other variable lease costs related to the leased facilities vacated as part of our restructuring plan are presented within Restructuring and related charges in the condensed consolidated statements of operations. The current and non-current liabilities associated with these leases continue to be presented within Other current liabilities and Operating lease obligations in the condensed consolidated balance sheets. The following table summarizes restructuring liability activity for the nine months ended September 30, 2020 (in thousands):
| Employee Severance and Benefit Costs |  | Legal and Advisory Costs |  | Total
Balance as of December 31, 2019 (1) | $ | 699 |  |  | $ | — |  |  | $ | 699 |
Charges payable in cash (2) | 38,854 |  |  | 1,202 |  |  | 40,056 |
Cash payments | (20,319) |  |  | (753) |  |  | (21,072) |
Foreign currency translation | 722 |  |  | 62 |  |  | 784 |
Balance as of September 30, 2020 | $ | 19,956 |  |  | $ | 511 |  |  | $ | 20,467 |
(1)Amounts included in the beginning balance are related to prior restructuring plans and the liabilities under those plans have been substantially settled. (2)Excludes stock-based compensation of $1.7 million related to accelerated vesting of stock-based compensation awards for certain employees terminated as a result of our restructuring activities during the nine months ended September 30, 2020.

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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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