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RESTRUCTURING AND RELATED CHARGES | 3 Months Ended
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Mar. 31, 2021
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 restructuring actions through the end of 2021. Our restructuring plan includes workforce reductions of approximately 1,200 positions globally, the exit or discontinuation of the use of certain leases and other assets, impairments of our right-of-use and other long-lived assets, and the exit of our operations in Japan and New Zealand. In the first quarter 2021, we substantially liquidated our subsidiary in Japan and reclassified $32.2 million of cumulative foreign currency translation gains into earnings, which is presented in Other income (expense), net on the condensed consolidated statement of operations for the three months ended March 31, 2021. 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 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 the three months ended March 31, 2021 (in thousands):
|  | Three Months Ended March 31, 2021
|  | Employee Severance and Benefit Costs |  | Legal and Advisory Costs |  | Lease-related Charges (Credits) |  | Total Restructuring Charges (Credits)
North America |  | $ | 442 |  |  | $ | 807 |  |  | $ | 741 |  |  | $ | 1,990 |
International |  | 6,460 |  |  | (22) |  |  | (1,006) |  |  | 5,432 |
Consolidated |  | $ | 6,902 |  |  | $ | 785 |  |  | $ | (265) |  |  | $ | 7,422 |
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. 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 each period (in thousands):
| Employee Severance and Benefit Costs |  | Other Exit Costs |  | Total
Balance as of December 31, 2019 (1) | $ | 699 |  |  | $ | — |  |  | $ | 699 |
Charges payable in cash (2) | 36,266 |  |  | 2,137 |  |  | 38,403 |
Cash payments | (25,328) |  |  | (1,289) |  |  | (26,617) |
Foreign currency translation | 1,660 |  |  | (14) |  |  | 1,646 |
Balance as of December 31, 2020 | 13,297 |  |  | 834 |  |  | 14,131 |
Charges payable in cash | 6,902 |  |  | 785 |  |  | 7,687 |
Cash payments | (2,431) |  |  | (812) |  |  | (3,243) |
Foreign currency translation | (570) |  |  | — |  |  | (570) |
Balance as of March 31, 2021 | $ | 17,198 |  |  | $ | 807 |  |  | $ | 18,005 |
(1)Amounts included in the year ended December 31, 2019 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.

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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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