OTHER ITEMS IMPACTING COMPARABILITY

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

OTHER ITEMS IMPACTING COMPARABILITY Our primary measure of segment performance as shown in Note 3, "Segment Reporting," excludes certain items we do not believe are representative of the ongoing operations of the segment. Excluding these items from our segment measure of performance allows for better year over year comparison:


	Three months ended June 30,				Six months ended June 30,
(In thousands)	2022		2021		2022		2021

Restructuring and other, net	$	10,302	$	2,577	$	24,556	$	5,605
ERP implementation costs	—		5,090		—		12,721

Restructuring and other items, net	10,302		7,667		24,556		18,326
Gains on sale of U.K. revenue earning equipment	(20,080)		—		(28,371)		—
Gains on sale of properties	(22,998)		(35,263)		(23,584)		(36,768)

ChoiceLease liability insurance revenue (1)	—		—		—		(777)
Other items impacting comparability, net	$	(32,776)	$	(27,596)	$	(27,399)	$	(19,219)

————————————

(1) Refer to Note 3, "Segment Reporting," for additional information.

Note: Amounts may not be additive due to rounding.

During the six months ended June 30, 2022 and 2021, other items impacting comparability included:

•Restructuring and other, net — For the second quarter of 2022, this item primarily included professional fees related to the pursuit of a discrete commercial claim of $5 million and U.K. severance costs as part of our plan to exit the FMS U.K. business of $4 million. For the six months ended June 30, 2022, this item primarily included professional fees related to the pursuit of a discrete commercial claim and transaction costs related to the acquisition of PLG Investments I, LLC. (Whiplash) of approximately $16 million and U.K. severance costs as part of our plan to exist the FMS U.K. business of $7 million. In February 2022, we announced our intention to exit the FMS U.K. business and we expect to complete the exit plan by mid-2023. For the three and six months ended June 30, 2021, this item primarily included professional fees related to the pursuit of a discrete commercial claim.

•Gains on sale of U.K. revenue earning equipment and properties — For the three and six months ended June 30, 2022, we recorded gains on the sale of U.K. revenue earning equipment and properties as part of our plan to exit the FMS U.K. business. We recorded gains on sale of properties for the six months ended June 30, 2021, primarily for certain FMS properties in the U.K. that were restructured as part of cost reduction activities in prior periods. The gains on sale of U.K. revenue earning equipment are reflected within "Used Vehicles Sales, net" and the gains on sale of properties are reflected within "Miscellaneous income, net" in our Condensed Consolidated Statements of Earnings.

The following table summarizes the activities within, and components of, restructuring liabilities for 2022:


(In thousands)	Six months ended June 30, 2022

Balance as of beginning of period	$	10,484
Workforce reduction charges	5,415
Utilization (1)	(3,730)
Balance as of end of period (2)	$	12,169

_________________

(1)Principally represents cash payments.

(2)Included in "Accrued expenses and other current liabilities" in the Condensed Consolidated Balance Sheets.