Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING RELATED EXPENSES

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RESTRUCTURING RELATED EXPENSES
12 Months Ended
Dec. 31, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RELATED EXPENSES RESTRUCTURING RELATED EXPENSES
 
In 2019, we continued to execute our strategy to reduce costs and improve efficiencies. During the year ended December 31, 2019, we incurred $2.4 million of non-recurring expenses that are recorded primarily in selling, general and administrative
expense consisting of severance. Of the restructuring expenses incurred during the year ended December 31, 2019, $0.4 million of severance remained payable at December 31, 2019.

During 2019, we wrote-off cumulative translation adjustments from the closure of a market that resulted in a loss of $0.6 million. This loss is included in Foreign exchange losses, net, within the Consolidated Statements of Operation during the year ended December 31, 2019.

In 2020, we continued to execute our strategy to reduce costs and improve efficiencies. During the year ended December 31, 2020, we incurred $0.8 million of non-recurring expenses that are recorded primarily in selling, general and administrative expense consisting of severance. Of the restructuring expenses incurred during the year ended December 31, 2020, $0.4 million of severance and rent expenses remained payable at December 31, 2020.

The following table summarizes the 2019, and 2020 restructuring activity (dollar amounts in thousands):
Total
Liability balance at January 1, 2019 $ 265 
Increase in liability 2,375 
Reduction in liability (payments) (2,257)
Liability balance at December 31, 2019 383 
Increase in liability 808 
Reduction in liability (payments) (840)
Liability balance at December 31, 2020 $ 351