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Restructuring | 6 Months Ended
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Jun. 30, 2020
Restructuring And Related Activities [Abstract] |
Restructuring | 20. RESTRUCTURING During the second half of 2019, the Company implemented a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. Management assessed the efficiency of operations and, in turn, consolidated locations and personnel, among other things, where possible. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S. and internationally. In February 2019, the Company announced the restructuring of a certain portion of its workforce predominantly in Germany, which included the closure of the Company’s office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. Voluntary early retirement was offered to certain other employees, which was announced in March 2019. A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Condensed Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019, is as follows:
|  | Three Months Ended |  |  | Six Months Ended |
(In thousands) |  | June 30, 2020 |  |  | June 30, 2020 |
Balance at beginning of period |  | $ | 133 |  |  | $ | 1,568 |
Plus: Amounts charged to cost and expense |  |  | 1,192 |  |  |  | 1,745 |
Less: Amounts paid |  |  | (967 | ) |  |  | (2,955 | )
Balance as of June 30, 2020 |  | $ | 358 |  |  | $ | 358 |
(In thousands) |  | December 31, 2019 |
Balance as of December 31, 2018 |  | $ | 185 |
Plus: Amounts charged to cost and expense |  |  | 6,014 |
Less: Amounts paid |  |  | (4,631 | )
Balance as of December 31, 2019 |  | $ | 1,568 |
Restructuring expenses included in the Condensed Consolidated Statements of Income (Loss) were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Selling, general and administrative expenses |  | $ | 489 |  |  | $ | 703 |  |  | $ | 572 |  |  | $ | 1,547 |
Research and development expenses |  |  | 681 |  |  |  | 647 |  |  |  | 1,117 |  |  |  | 1,231 |
Cost of sales |  |  | 22 |  |  |  | 50 |  |  |  | 56 |  |  |  | 685 |
Total restructuring expenses |  | $ | 1,192 |  |  | $ | 1,400 |  |  | $ | 1,745 |  |  | $ | 3,463 |
The following table represents the components of restructuring expense by geographic area:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Domestic |  | $ | 1,192 |  |  | $ | 541 |  |  | $ | 1,743 |  |  | $ | 825 |
International |  |  | — |  |  |  | 859 |  |  |  | 2 |  |  |  | 2,638 |
Total restructuring expenses |  | $ | 1,192 |  |  | $ | 1,400 |  |  | $ | 1,745 |  |  | $ | 3,463 |

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- References No definition available. + Details
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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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