On November 7, 2019, the Company announced a corporate restructuring to better align Cambium’s cost structure with current economic conditions and position the Company to achieve long-term targets and operating growth. The restructuring only affected personnel, including contract employees, and was completed in 2019. The Company incurred restructuring charges of approximately $0.7 million, of which $0.1 million was included in Accrued liabilities at December 31, 2019 in the condensed consolidated balance sheets. The $0.1 million was paid in the first quarter of 2020.

On February 10, 2020, the Company announced it was taking additional steps in connection with the abovementioned restructuring. The additional restructuring also only affects personnel, including contract employees, and is expected to be complete by the end of 2020. In the nine-month period ended September 30, 2020, the Company recorded restructuring charges of approximately $1.2 million, consisting of involuntary employee termination costs, and is included in all operating expense lines in the Company’s condensed consolidated statements of operations. As of September 30, 2020, the Company paid approximately $1.2 million of this amount, leaving a restructuring liability of $3 thousand included in Accrued liabilities in the condensed consolidated balance sheets. The remaining amount is expected to be paid in the fourth quarter of 2020.

The following table reflects the restructuring liability activity for the nine-month period ended September 30, 2020 (unaudited and in thousands):

Restructuring liability at January 1, 2020	$	138
Restructuring charges		1,180
Cost paid		(1,315	)
Restructuring liability at September 30, 2020	$	3