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Employee Termination Benefits (Tables) | 3 Months Ended
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Mar. 31, 2018
Postemployment Benefits [Abstract] |
Schedule of Postemployment Benefits | The following table presents a summary of employee termination benefits for the three-month period ended March 31, 2018 (in thousands):
|  | Cash |  | Share-Based Compensation (3) |  | Number of Shares |  | Total Employee Termination Benefits
Executive Employee Termination Benefits (1) |  | $ | 11,945 |  |  | $ | 9,114 |  |  | 554 |  |  | $ | 21,059 |
Other Employee Termination Benefits (2) |  | 6,692 |  |  | 3,836 |  |  | 209 |  |  | 10,528 |
|  | $ | 18,637 |  |  | $ | 12,950 |  |  | 763 |  |  | $ | 31,587 |
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(1) | On February 8, 2018, the Company’s then current CEO, James Bennett, separated employment from the Company, and on February 22, 2018, the Company’s then current CFO, Julian Bott, also separated employment from the Company. In accordance with the terms of their respective employment agreements, the Company incurred cash severance costs and share-based compensation costs associated with the accelerated vesting of awards during the first quarter of 2018.
(2) | As a result of a reduction in workforce in the first quarter of 2018, certain employees received termination benefits including cash severance and accelerated share-based and incentive compensation vesting upon separation of service from the Company.
(3) Share-based compensation recognized in connection with the accelerated vesting of restricted stock awards and performance share units upon the departure of certain executives and the reduction in workforce in the first quarter of 2018 reflects the remaining unrecognized compensation expense associated with these awards at the date of termination. The unrecognized compensation expense was calculated using the grant date fair value for restricted stock awards and performance share units. One share of the Company’s common stock was issued per performance share unit.

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