XML 27 R16.htm IDEA: XBRL DOCUMENT v3.22.1
Restructuring and Acquisition Charges
 3 Months Ended
Mar. 31, 2022
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 (i) 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, (ii) acquisition, transaction and integration-related charges, and (iii) other restructuring, including lease exit charges. Non-cash charges include (i) stock-based compensation expense for retention awards issued in conjunction with the HFF, Inc. ("HFF") acquisition and (ii) 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 March 31,
(in millions)20222021
Severance and other employment-related charges$3.3 1.8 
Restructuring, pre-acquisition and post-acquisition charges14.2 9.5 
Stock-based compensation expense for HFF retention awards2.7 6.0 
Fair value adjustments to earn-out liabilities(0.7)(0.1)
Restructuring and acquisition charges$19.5 17.2 
Nearly all expenses related to (i) severance and other employment-related charges and (ii) restructuring, pre-acquisition and post-acquisition charges as of March 31, 2022 will be paid during the next twelve months.