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Note 15 - Restructuring Charges | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] |
(15) | RESTRUCTURING CHARGES
In the fourth quarter of 2018, we finalized plans to abandon duplicate office facilities with lease terms expiring between 2023 and 2026 in St. Rose and New Orleans, Louisiana, Houston, Texas and Aberdeen, Scotland. Those closures resulted in $7.3 million, $6.8 million and $1.5 million respectively, of lease exit and severance charges in the fourth quarter of 2018 and the years ended December 31, 2019 and 2020, respectively. These charges are included in general and administrative expense in our consolidated Statement of Operations. Activity for the lease exit and severance liabilities for the two years ended December 31, 2020 were:
|  | Lease Exit Costs |  |  | Severance |  |  |  |  |
|  | Europe/ |  |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  | Mediterranean |  |  | Corporate |  |  | Company |  |  | Total |
Balance at December 31, 2018 |  | $ | 2,005 |  |  |  | 4,463 |  |  |  | 285 |  |  | $ | 6,753 |
Charges (credits) |  |  | 44 |  |  |  | (33 | ) |  |  | 6,811 |  |  |  | 6,822 |
Cash payments |  |  | (258 | ) |  |  | (2,112 | ) |  |  | (6,824 | ) |  |  | (9,194 | )
Balance at December 31, 2019 |  | $ | 1,791 |  |  |  | 2,318 |  |  |  | 272 |  |  | $ | 4,381 |
Charges |  |  | 71 |  |  |  | 63 |  |  |  | 1,367 |  |  |  | 1,501 |
Cash payments |  |  | (306 | ) |  |  | (602 | ) |  |  | (1,639 | ) |  |  | (2,547 | )
Balance at December 31, 2020 |  | $ | 1,556 |  |  |  | 1,779 |  |  |  | — |  |  | $ | 3,335 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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