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Restructuring and Acquisition Charges | 9 Months Ended
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Sep. 30, 2019
Restructuring and Related Activities [Abstract] |
Restructuring and acquisition charges | 12. RESTRUCTURING AND ACQUISITION CHARGES For the three and nine months ended September 30, 2019, we recognized Restructuring and acquisition charges of $70.0 million and $114.3 million, respectively. For the three and nine months ended September 30, 2018, we recognized Restructuring and acquisition credits of $3.7 million and $6.7 million, respectively. For the three and nine months ended September 30, 2019, we recognized $0.7 million and $20.7 million, respectively, related to net increases to earn-out liabilities that arose from prior period acquisition activity. In addition, we recognized $14.0 million of non-cash stock-based compensation expense for both the three and nine months ended September 30, 2019 for retention awards issued in conjunction with the HFF acquisition. For the three and nine months ended September 30, 2018, we recognized $2.7 million and $17.5 million related to net decreases to earn-out liabilities that arose from prior period acquisition activity, respectively, reflecting changes to our expectations of performance against contracted earn-out payment criteria. In all periods, the remaining charges primarily consist of (1) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership, or transformation of business processes, (2) lease exit charges, and (3) other restructuring, acquisition and integration-related charges. The following tables show the restructuring and acquisition accrual activity and related payments, which are exclusive of the adjustments individually noted above.
(in millions) | Severance & Employment-Related | Lease Exit | Other Restructuring, Acquisition and Integration Costs |  | Total
December 31, 2018 | $ | 14.0 |  | 0.6 |  | 0.5 |  |  | $ | 15.1 |
Accruals | 17.6 |  | 5.8 |  | 56.2 |  |  | 79.6 |
Payments made | (21.2 | ) | (1.5 | ) | (54.8 | ) |  | (77.5 | )
September 30, 2019 | $ | 10.4 |  | 4.9 |  | 1.9 |  |  | $ | 17.2 |
(in millions) | Severance & Employment-Related | Lease Exit | Other Restructuring, Acquisition and Integration Costs |  | Total
December 31, 2017 | $ | 14.2 |  | 5.7 |  | 1.4 |  |  | $ | 21.3 |
Accruals | 9.8 |  | 0.2 |  | 0.8 |  |  | 10.8 |
Payments made | (16.1 | ) | (0.5 | ) | (2.2 | ) |  | (18.8 | )
September 30, 2018 | $ | 7.9 |  | 5.4 |  | — |  |  | $ | 13.3 |
We expect the majority of accrued severance and other accrued acquisition costs as of September 30, 2019 will be paid during the next twelve months. Lease exit payments depend on the terms of various leases, which extend as far out as 2022. HFF Acquisition Charges associated with the HFF acquisition and integration included in the above tables were $60.1 million and $69.8 million for the three and nine months ended September 30, 2019. These charges included transaction/deal costs, retention and severance expense, early lease termination costs, and other integration expenses. During the integration of HFF, we expect to incur significant charges over the two years following the acquisition in an effort to maximize the value of the combined organization. We expect to recognize approximately $100 million of expense over this two-year window relating to retention awards which have already been paid or granted (in the case of RSUs). In addition, we may incur other costs in connection with the integration including, but not limited to, lease termination charges and other employee-related costs, but are unable to estimate these amounts at this time. We anticipate that other than RSU retention awards granted, substantially all of these cumulative charges will result in cash expenditures.

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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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