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RESTRUCTURING INITIATIVES | 9 Months Ended
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Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
RESTRUCTURING INITIATIVES | RESTRUCTURING INITIATIVES In late 2017, we began a business transformation to drive profitable sales growth, increase operational excellence, enhance our approach to innovation and improve organizational effectiveness. The primary focus of the plan was the Beauty + Home segment; however, certain global general and administrative functions were also addressed. As of the end of 2021, we had successfully completed the vast majority of our planned initiatives related to our transformation plan and do not expect significant additional restructuring expenses related to this plan going forward. For the three and nine months ended September 30, 2022, we recognized $16 thousand and $0.7 million of restructuring costs related to this plan, respectively. For the three and nine months ended September 30, 2021, we recognized $10.2 million and $18.8 million of restructuring costs related to this plan, respectively. The cumulative expense incurred as of September 30, 2022 was $137.0 million. As of September 30, 2022 we have recorded the following activity associated with the business transformation:
| Beginning Reserve at 12/31/2021 |  | Net Charges for the Nine Months Ended 9/30/2022 |  | Cash Paid |  | Interest and FX Impact |  | Ending Reserve at 9/30/2022
Employee severance | $ | 3,535 |  |  | $ | 660 |  |  | $ | (2,747) |  |  | $ | (152) |  |  | $ | 1,296 |
Professional fees and other costs | 260 |  |  | 75 |  |  | (314) |  |  | (10) |  |  | 11 |
Totals | $ | 3,795 |  |  | $ | 735 |  |  | $ | (3,061) |  |  | $ | (162) |  |  | $ | 1,307 |
During the third quarter of 2022, we began an initiative to optimize our operations and SG&A expenses. For the three months ended September 30, 2022, we recognized $2.3 million of restructuring costs related to this plan. As of September 30, 2022, we have recorded the following activity associated with our optimization plan:
| Beginning Reserve at 12/31/2021 |  | Net Charges for the Nine Months Ended 9/30/2022 |  | Cash Paid |  | Interest and FX Impact |  | Ending Reserve at 9/30/2022
Employee severance | $ | — |  |  | $ | 2,052 |  |  | $ | — |  |  | $ | (6) |  |  | $ | 2,046 |
Professional fees and other costs | — |  |  | 202 |  |  | (202) |  |  | — |  |  | — |
Totals | $ | — |  |  | $ | 2,254 |  |  | $ | (202) |  |  | $ | (6) |  |  | $ | 2,046 |

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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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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