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Restructuring and Other Costs

12 Months Ended

Dec. 31, 2020

Restructuring And Related Activities [Abstract]

Restructuring and Other Costs

16. Restructuring and Other Costs, Net

The Company incurred net restructuring and other costs of $8,133,000 in 2020. There were no restructuring and other costs in 2019 or 2018.

Restructuring costs for the year ended December 31, 2020 were related to reductions of administrative costs and consolidation of management layers in certain operations, and other restructuring charges for asset impairments and lease termination costs.

The following table shows the costs incurred by type of restructuring activity:

Year ended December 31		2020				2019				2018
		(In thousands)
Severance benefits		$	9,350			$	—			$	—
Asset impairments and lease termination costs			2,538				—				—
Gain on fair value remeasurement of cost and equity method investments			(1,099	)			—				—
Liquidation dividend from a cost method investment			(1,247	)			—				—
Gain on sale of internet protocol addresses			(1,409	)			—				—
Total restructuring and other costs, net		$	8,133			$	—			$	—

Restructuring costs were predominantly comprised of severance costs, asset impairments, and lease termination costs. Severance and other termination costs relate to efforts to consolidate and streamline various functions of our workforce, both in operations and administrative functions. Asset impairments, including costs incurred for obsolete software, relate to decisions to close certain operations, and lease termination costs related to the exiting of certain leased facilities. These costs were partially offset by certain non-operating credits that occurred related to a cost method investment and sale of internet protocol addresses.

As of December 31, 2020, the following liabilities remained on the Company's Consolidated Balance Sheets related to restructuring charges recorded in 2020 and 2017. The rollforwards of these costs to December 31, 2020 were as follows:

Restructuring and Other Costs		Deferred rent				Accrued compensation and related costs				Other accrued liabilities				Total
		(In thousands)
Balance at December 31, 2017		$	2,846			$	4,782			$	1,785			$	9,413
Additions			—				—				—				—
Adjustments to accruals			(1,544	)			—				(643	)			(2,187	)
Cash payments			—				(4,305	)			(656	)			(4,961	)
Balance at December 31, 2018			1,302				477				486				2,265
Additions			—				—				—				—
Adjustments to accruals			(1,302	)			—				1				(1,301	)
Cash payments			—				(135	)			(15	)			(150	)
Balance at December 31, 2019			—				342				472				814
Additions			—				9,112				648				9,760
Adjustments to accruals			—				(453	)			(472	)			(925	)
Cash payments			—				(5,632	)			(58	)			(5,690	)
Balance at December 31, 2020		$	—			$	3,369			$	590			$	3,959

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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

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