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Restructuring | 3 Months Ended
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Mar. 31, 2021
Restructuring And Related Activities [Abstract] |
Restructuring | 20. RESTRUCTURING During the second half of 2019, the Company initiated a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S. and internationally. Management continued to assess the efficiency of operations during 2020 and 2021 and, in turn, consolidated locations and personnel, among other things, where possible. 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 and was announced in March 2019 and again in August 2020. The cumulative amount of restructuring expenses incurred as of March 31, 2021 for the restructuring plans was $12.5 million. A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Consolidated Balance Sheets is as follows:
(In thousands) |  | As of March 31, 2021 |
Balance as of December 31, 2020 |  | $ | 4,186 |
Plus: Amounts charged to cost and expense |  |  | 301 |
Less: Amounts paid |  |  | (2,410 | )
Balance as of March 31, 2021 |  | $ | 2,077 |
Restructuring expenses included in the Condensed Consolidated Statements of Income (Loss) were as follows:
|  | Three Months Ended |
|  | March 31, |
(In thousands) |  | 2021 |  |  | 2020 |
Cost of revenue |  |  | 15 |  |  |  | 34 |
Selling, general and administrative expenses |  | $ | 142 |  |  | $ | 83 |
Research and development expenses |  |  | 144 |  |  |  | 436 |
Total restructuring expenses |  | $ | 301 |  |  | $ | 553 |
The following table represents the components of restructuring expense by geographic area were as follows:
|  | Three Months Ended |
|  | March 31, |
(In thousands) |  | 2021 |  |  | 2020 |
Domestic |  | $ | 209 |  |  | $ | 551 |
International |  |  | 92 |  |  |  | 2 |
Total restructuring expenses |  | $ | 301 |  |  | $ | 553 |

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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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