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Restructuring

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

Restructuring charges 

    No restructuring charge was recognized during the six months ended June 30, 2021 (June 30, 2020: $18.1 million).

Prior Period Restructuring charges 

A restructuring charge of $18.1 million was recognized in the year ended December 31, 2020 under a restructuring plan adopted following a review of operations. The restructuring plan reflected resource rationalization across the business to improve resource utilization, resulting in a charge of $11.4 million and office consolidation resulting in a charge for onerous lease obligations of $6.7 million, including the recognition of an impairment of right of use assets of $5.4 million and provision for other related costs of $1.3 million. No additional charge was recorded during the three and six months ended June 30, 2021.

			Workforce reductions						Onerous Lease						Total
			(in thousands)
Initial restructuring charge recorded			$	11,391					$	6,698					$	18,089
Utilization			(6,987)						(1,309)						(8,296)
Foreign exchange movement			—						325						325
Provision at December 31, 2020			4,404						5,714						10,118
Utilization			(2,299)						(1,345)						(3,644)
Foreign exchange movement			—						4						4
Provision at June 30, 2021			$	2,105					$	4,373					$	6,478

Future minimum lease payments (including related costs), associated with the 2020 restructuring plan, under the non-cancelable onerous leases as at June 30, 2021 were as follows:

			Minimum rental payments
			(in thousands)
			June 30, 2021
2021			$	1,210
2022			1,872
2023			1,015
2024			142
2025			141
Thereafter			401
Total future minimum lease payments (including related costs)			4,781
Lease imputed interest			(408)
Total			$	4,373

    A restructuring charge of $12.5 million was recognized during the year ended December 31, 2018 under a restructuring plan adopted following a review of operations. The restructuring plan reflected resource rationalization across the business to improve resource utilization, resulting in a charge of $9.7 million and office consolidation resulting in the recognition of an onerous lease obligation of $2.8 million. No additional charge was recorded during the six months ended June 30, 2021.

			Workforce reductions						Onerous Lease						Total
			(in thousands)
Initial restructuring charge recorded			$	9,684					$	2,806					$	12,490
Utilization			(5,399)						(672)						(6,071)
Provision at December 31, 2018			$	4,285					$	2,134					$	6,419
Utilization			(3,554)						(1,228)						(4,782)
Provision at December 31, 2019			$	731					$	906					$	1,637
Utilization			(731)						(276)						(1,007)
Provision at December 31, 2020			$	—					$	630					$	630
Utilization			—						(97)						(97)
Provision at June 30, 2021			$	—					$	533					$	533

    At June 30, 2021, $4.4 million is included within other liabilities and $2.6 million within non-current other liabilities.

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- References

No definition available.

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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

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