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Restructuring and Acquisition Charges | 9 Months Ended
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Sep. 30, 2021
Restructuring Cost and Reserve [Line Items] |
Restructuring and Related Activities Disclosure [Text Block] | RESTRUCTURING AND ACQUISITION CHARGES Restructuring and acquisition charges include cash and non-cash expenses. Cash-based 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) acquisition, transaction and integration-related charges, and (3) other restructuring including lease exit charges. Non-cash charges include (1) stock-based compensation expense for retention awards issued in conjunction with the HFF acquisition and (2) fair value adjustments to earn-out liabilities relating to prior-period acquisition activity. Restructuring and acquisition charges are presented in table below.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2021 | 2020 |  | 2021 | 2020
Severance and other employment-related charges | $ | 1.2 |  | 19.3 |  |  | $ | 2.1 |  | 27.6 |
Restructuring, pre-acquisition and post-acquisition charges | 11.2 |  | 8.6 |  |  | 32.6 |  | 25.9 |
Stock-based compensation expense for HFF retention awards | 3.2 |  | 6.2 |  |  | 15.2 |  | 30.5 |
Fair value adjustments to earn-out liabilities | — |  | (0.6) |  |  | 1.0 |  | (8.2) |
Restructuring and acquisition charges | $ | 15.6 |  | 33.5 |  |  | $ | 50.9 |  | 75.8 |
The following tables show the accrual activity and payments relating to cash-based Restructuring and acquisition charges.
(in millions) | Severance & Employment-Related | Lease Exit | Restructuring, Acquisition and Integration Costs |  | Total
December 31, 2020 | $ | 41.3 |  | 2.5 |  | 1.2 |  |  | $ | 45.0 |
Accruals | 2.1 |  | 7.7 |  | 24.9 |  |  | 34.7 |
Payments made | (29.0) |  | (9.4) |  | (19.9) |  |  | (58.3) |
September 30, 2021 | $ | 14.4 |  | 0.8 |  | 6.2 |  |  | $ | 21.4 |
(in millions) | Severance & Employment-Related | Lease Exit | Other Restructuring, Acquisition and Integration Costs |  | Total
December 31, 2019 | $ | 24.3 |  | 8.4 |  | 3.8 |  |  | $ | 36.5 |
Accruals | 27.6 |  | 9.3 |  | 16.6 |  |  | 53.5 |
Payments made | (22.1) |  | (16.0) |  | (20.4) |  |  | (58.5) |
September 30, 2020 | $ | 29.8 |  | 1.7 |  | — |  |  | $ | 31.5 |
We expect the majority of accrued severance and other accrued acquisition costs as of September 30, 2021 will be paid during the next twelve months. Lease exit payments depend on the terms of various leases, which extend as far out as 2026. HFF Acquisition Included in Restructuring and acquisition charges were $6.6 million and $30.5 million, respectively, for the three and nine months ended September 30, 2021 compared to $13.8 million and $55.2 million, respectively, for the three and nine months ended September 30, 2020 of charges relating to the acquisition and integration of HFF (including retention and severance expense, early lease termination costs, and other integration expenses).

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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