Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.22.2
Restructuring (Tables)
 6 Months Ended
Jun. 30, 2022
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense

The table below presents the restructuring expense incurred during the three and six months ended June 30, 2022 and 2021:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

2021

 

 

2022

 

2021

 

Compensation and benefits

 

$

546

 

$

2,162

 

 

$

704

 

$

8,351

 

Occupancy and other costs(1)

 

 

2,027

 

 

883

 

 

 

4,993

 

 

1,612

 

Total

 

$

2,573

 

$

3,045

 

 

$

5,697

 

$

9,963

 
(1)
Occupancy and other costs, which include non-cash impairments, are included within General and administrative expenses in 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, 2021 through June 30, 2022:

 

 

Compensation and
Benefits

 

 

Occupancy and Other Costs

 

 

Total

 

Balance as of December 31, 2021

 

$

407

 

 

$

—

 

 

$

407

 

Accrued costs

 

 

704

 

 

 

2,577

 

 

 

3,281

 

Payments

 

 

(794

)

 

 

(1,038

)

 

 

(1,832

)

Balance as of June 30, 2022

 

$

317

 

 

$

1,539

 

 

$

1,856