Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.21.2
Restructuring (Tables)
 9 Months Ended
Sep. 30, 2021
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense

The table below presents the restructuring expense incurred in the three and nine months ended September 30, 2021:

 

 

Three months ended
September 30,

 

 

Nine months ended
September 30,

 

 

 

2021

 

2020

 

 

2021

 

2020

 

Compensation and benefits

 

$

895

 

$

2,975

 

 

$

9,246

 

$

2,975

 

Occupancy and other costs(1)

 

 

2,281

 

 

45

 

 

 

3,893

 

 

45

 

Total

 

$

3,176

 

$

3,020

 

 

$

13,139

 

$

3,020

 
(1)
Occupancy and other costs are included within General and administrative expenses within the Consolidated Statements of Income
Summary of changes in the restructuring liability The table below presents a summary of changes in the restructuring liability from December 31, 2020 through September 30, 2021:

 

 

Compensation and
Benefits

 

 

Occupancy and Other Costs

 

 

Total

 

Balance as of December 31, 2020

 

$

7,049

 

 

$

—

 

 

$

7,049

 

Accrued costs

 

 

9,246

 

 

 

3,893

 

 

 

13,139

 

Payments

 

 

(16,281

)

 

 

(3,893

)

 

 

(20,174

)

Balance as of September 30, 2021

 

$

14

 

 

$

—

 

 

$

14