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Severance and Restructuring Charges | 12 Months Ended
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Dec. 31, 2020
Restructuring and Related Activities [Abstract] |
Severance and Restructuring Charges | Note 3 — Severance and Restructuring Charges In 2020, we executed certain cost re-engineering initiatives to generate further cost savings, some of which qualify as restructuring charges under GAAP, including the partial abandonment of certain leased properties and additional severance costs. As a result of these initiatives, we accelerated the depreciation of facility lease ROU assets and leasehold improvements by $3.3 million, recorded $6.3 million of facility and other related exit costs, and accrued $3.4 million of employee severance costs. At December 31, 2020, our remaining facility exit cost liability and employee severance cost liability are $3.5 million and $0.2 million, respectively, and are included in Other accrued expenses, a component of Other liabilities. The majority of expenses were incurred within the Corporate Items and Other segment. In February 2019, we announced our intention to execute cost re-engineering opportunities in order to drive stronger financial performance and, in the longer term, simplify our operations. Our cost re-engineering plan extended beyond eliminating redundant costs through the PHH integration process and addressed organizational, process and control redesign and automation, human capital planning, off-shore utilization, strategic sourcing and facilities rationalization. Costs for this plan included severance, retention and other incentive awards, facilities-related costs and other costs to execute the reorganization. While we continue to pursue additional cost re-engineering initiatives, this $65.0 million cost re-engineering plan announced in February 2019 was completed by December 31, 2019. Our remaining liability at December 31, 2020 and 2019 is $2.0 million and $11.9 million, respectively, and is included in Other accrued expenses, a component of Other liabilities. The following table provides a summary of the aggregate activity of the liability for the re-engineering plan costs incurred in the year ended December 31, 2019:
| Employee-related |  | Facility-related |  | Other |  | Total
Balance at January 1, 2019 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges | 35,704 |  |  | 10,133 |  |  | 19,133 |  |  | 64,970 |
Payments / Other | (29,449) |  |  | (7,202) |  |  | (16,414) |  |  | (53,065) |
Balance at December 31, 2019 | 6,255 |  |  | 2,931 |  |  | 2,719 |  |  | 11,905 |
Payments | (6,247) |  |  | (960) |  |  | (2,719) |  |  | (9,925) |
Balance at December 31, 2020 | $ | 8 |  |  | $ | 1,971 |  |  | $ | — |  |  | $ | 1,980 |
The expenses were all incurred within the Corporate Items and Other segment. Employee-related costs and facility-related costs are reported in Compensation and benefits expense and Occupancy and equipment expense, respectively, in the consolidated statements of operations. Other costs are primarily reported in Professional services expense and Other expenses.

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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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