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Impairment, Restructuring and Other Exit Costs (Tables) | 12 Months Ended
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Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Schedule of Impairment Expense | Impairment expense, included in Cont Ops, for 2021, 2020 and 2019 is summarized as follows:
| Year Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Impairment expense: |  |  |  |  |
Energy Solutions' equity method investments | $ | 27,934 |  |  | $ | 86,096 |  |  | $ | 256,769 |
Information technology assets | 15,858 |  |  | 16,269 |  |  | — |
Total impairment expense | $ | 43,792 |  |  | $ | 102,365 |  |  | $ | 256,769 |
Impairment expense, included in Disc Ops, is summarized as follows:
| Year Ended December 31, 2021 |  | Year Ended December 31, 2020 |  | Year Ended December 31, 2019
(in thousands) | Stork | AMECO |  | Stork | AMECO |  | Stork | AMECO
Impairment expense: |  |  |  |  |  |  |  |
Goodwill (1) | $ | 12,700 |  | $ | — |  |  | $ | 168,568 |  | $ | 12,300 |  |  | $ | — |  | $ | 2,125 |
Intangible customer relationships (2) | — |  | — |  |  | 26,671 |  | — |  |  | 33,657 |  | — |
Fair value adjustment and expected costs associated with sale (3) | 180,500 |  | 53,085 |  |  | — |  | 133,400 |  |  | — |  | — |
Total impairment expense | $ | 193,200 |  | $ | 53,085 |  |  | $ | 195,239 |  | $ | 145,700 |  |  | $ | 33,657 |  | $ | 2,125 |
(1) As part of our assessment of goodwill in 2020, the fair value of the reporting units was determined using an income based approach that utilized unobservable Level 3 inputs, including significant management assumptions such as expected awards, forecasted revenue and operating margins, weighted average cost of capital, working capital assumptions and general market trends and conditions. (2) The customer relationships' valuation approach utilized unobservable Level 3 inputs including ranges of assumptions of long-term revenue growth from 2% to 5.5% with a weighted average of 2.4%, weighted average cost of capital of 12% and a customer attrition factor of 10%. (3) The fair value of the Stork and AMECO assets were determined using a combination of observable level 2 inputs in 2021, including indicative offers and ongoing negotiations for the related assets, and an income based approach that utilized unobservable Level 3 inputs in 2020, including significant management assumptions such as expected awards, forecasted revenue and operating margins, weighted average cost of capital, working capital assumptions and general market trends and conditions.
Reconciliation of restructuring costs and liability | Information about our completed restructuring follows:
(in thousands) | Costs Incurred in 2020 |  | Costs Incurred in 2019
Restructuring and other exit costs: |  |  |
Severance | $ | 5,256 |  |  | $ | 30,530 |
Asset impairments | — |  |  | 29,485 |
Other exit costs | 736 |  |  | 1,658 |
Total restructuring and other exit costs | $ | 5,992 |  |  | $ | 61,673 |
A reconciliation of restructuring liabilities follow:
(in thousands) | Severance | Other Exit Costs | Total
Balance as of December 31, 2019 | $ | 30,479 |  | $ | 564 |  | $ | 31,043 |
Restructuring charges accrued during the period | 5,256 |  | 736 |  | 5,992 |
Cash payments / settlements during the period | (18,858) |  | (793) |  | (19,651) |
Currency translation | (396) |  | (401) |  | (797) |
Balance as of December 31, 2020 | $ | 16,481 |  | $ | 106 |  | $ | 16,587 |
Cash payments / settlements during the period | $ | (16,378) |  | $ | (106) |  | $ | (16,484) |
Currency translation | (103) |  | — |  | (103) |
Balance as of December 31, 2021 | $ | — |  | $ | — |  | $ | — |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140904-122747 + Details
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