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13. Restructuring Costs (Notes)

9 Months Ended

Sep. 30, 2016

Restructuring Costs [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

13.    RESTRUCTURING COSTS

For the three and nine months ended September 30, 2016, we recorded $(0.2) million and $11.5 million, respectively, related to restructuring actions that include the elimination or relocation of various positions. These actions are generally intended to streamline and focus our efforts and more properly align our cost structure with projected future revenue streams.

The following table summarizes the activity of our restructuring reserves for severance, including a minimal amount of $38.8 thousand for the impact of foreign currency (in millions):

		Life Science				Clinical Diagnostics				Total
Balance at December 31, 2015		$	—			$	—			$	—
Charged to expense		4.1				7.6				$	11.7
Adjustment to expense		(0.1		)		(0.1		)		$	(0.2	)
Cash payments		(0.9		)		(1.8		)		(2.7		)
Balance at September 30, 2016		$	3.1			$	5.7			$	8.8

In May, 2016, management announced that it will take certain actions in our Europe geographic region designed to better align expenses to our revenue and gross margin profile and position us for improved operating performance. These actions, aligned with creation and evolution of our organization structure and coordinated with the implementation of our global single instance ERP platform, are expected to be incurred through 2019. As a result, we recorded approximately $(0.2) million and $11.5 million in restructuring charges related to severance and other

employee benefits for the three and nine months ended September 30, 2016, respectively, of which $8.8 million is anticipated to be paid through 2019. The liability of $8.8 million as of September 30, 2016 encompassed a short-term liability of $5.8 million and a long-term liability of $3.0 million. The amounts recorded were reflected in Cost of goods sold of $0.2 million and $2.0 million, and in Selling, general and administrative expense of $(0.4) million and $9.5 million in the Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2016, respectively. The amounts adjusted were primarily due to employees finding other positions within Bio-Rad or leaving prematurely.

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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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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- References

No definition available.

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