Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.21.2
Restructuring (Tables)
 6 Months Ended
Jun. 30, 2021
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense
The table below presents the restructuring expense incurred in the three and six months ended June 30, 2021:
 
    
Three
 
months
 
ended
June 30, 
     
Six
 
months
 
ended
June 30,
  
    
2021
     
2021
  
Compensation and benefits
    $ 2,162     $ 8,351  
Occupancy and other costs
(1)
      883       1,612  
    
 
 
     
 
 
  
Total
   
$
3,045
 
  
$
9,963
 
    
 
 
     
 
 
  
 
(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 June 30, 2021
:
 
    
Compensation and
benefits
     
Occupancy and other
costs
    
Total
  
Balance as of December 31, 2020
   
$
7,049
 
   
$
—  
 
  
$
7,049
 
Accrued cost
s
      8,351        1,612    
 
9,963
 
Payments
      (13,863 )      (1,612 )
 
  
 
(15,475
) 
    
 
 
     
 
 
     
 
 
  
Balance as of June 30, 2021
   
$
1,537
 
   
$
—  
 
  
$
1,537