XML 24 R9.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Special Charges | 12 Months Ended
--- | ---
Dec. 31, 2016
Restructuring and Related Activities [Abstract] |
Special Charges | SPECIAL CHARGES Enrichment Cessation and Evolving Business Needs The cessation of enrichment at the Paducah Gaseous Diffusion Plant (the “Paducah GDP”) and evolving business needs have resulted in workforce reductions since July 2013. Special charges include related termination benefits less severance paid by the Company and invoiced to the U.S. Department of Energy (“DOE”) for its share of employee severance pursuant to the USEC Privatization Act. In the second quarter of 2016, the Company commenced a project to align its corporate structure to the scale of its ongoing business operations and to update related information technology. The Company has incurred advisory costs related to the reengineering project of $1.0 million in 2016. In addition, special charges in 2016 included termination benefits of $0.3 million related to voluntary workforce reductions. Piketon Demonstration Facility In September 2015, Centrus completed a successful three-year demonstration of American Centrifuge technology at its facility in Piketon, Ohio, with 120 machines linked together in a cascade to simulate industrial operating conditions. The demonstration effort was primarily funded by the U.S. government. As a result of reduced program funding, Centrus incurred a special charge of $8.7 million in the third quarter of 2015 for estimated employee termination benefits, consisting primarily of payments under its pre-existing severance plan. An additional $0.1 million special charge was incurred in the second quarter of 2016 as an adjustment to accrued severance benefits for current salary levels. A summary of termination benefit activity and related liabilities follows (in millions):
| Liability Dec. 31, 2014 |  | 2015 |  | Liability Dec. 31, 2015 |  | 2016 |  | Liability Dec. 31, 2016 |
|  | Special Charges |  | Paid |  |  | Special Charges |  | Paid |  |
Workforce reductions: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enrichment cessation and evolving business needs | $ | 2.4 |  |  | $ | 4.5 |  | (a) | $ | (6.6 | ) | (a) | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | (0.5 | ) |  | $ | 0.1 |  |
Piketon demonstration facility | — |  |  | 8.7 |  |  | (0.3 | ) |  | 8.4 |  |  | 0.1 |  |  | (3.1 | ) |  | 5.4 |  | (b)
| $ | 2.4 |  |  | $ | 13.2 |  |  | $ | (6.9 | ) |  | $ | 8.7 |  |  | $ | 0.4 |  |  | $ | (3.6 | ) |  | $ | 5.5 |  |
(a) Net of $0.4 million billed to and paid by DOE. (b) Includes $2.1 million included in long-term liabilities.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration