Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.22.1
Restructuring (Tables)
 3 Months Ended
Mar. 31, 2022
Restructuring and Related Activities [Abstract]  
Summary of restructuring expense

The table below presents the restructuring expense incurred during the three months ended March 31, 2022 and 2021:

 

 

Three Months Ended March 31,

 

 

 

2022

 

2021

 

Compensation and benefits

 

$

158

 

$

6,189

 

Occupancy and other costs(1)

 

 

2,966

 

 

729

 

Total

 

$

3,124

 

$

6,918

 
(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 March 31, 2022:

 

 

Compensation and
Benefits

 

 

Occupancy and Other Costs

 

 

Total

 

Balance as of December 31, 2021

 

$

407

 

 

$

—

 

 

$

407

 

Accrued costs

 

 

158

 

 

 

798

 

 

 

956

 

Payments

 

 

(545

)

 

 

(798

)

 

 

(1,343

)

Balance as of March 31, 2022

 

$

20

 

 

$

—

 

 

$

20