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RESTRUCTURING | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING During the three months ended December 31, 2024, the Company i nitiated a U.K. wide restructuring plan (the “Restructuring Plan”) relating to the integration activities of Inchcape Retail with existing U.K. operations. The Restructuring Plan consisted of workforce realignment, strategic closing of certain facilities and systems integrations. The Restructuring Plan is expected to continue through 2025 and the Company expects to incur $7.7 million in additional restructuring costs. Any changes to the Company’s estimates or timing will be reflected in the Company’s results of operations in future periods. The following table summarizes restructuring charges (in millions):
|  | Year Ended December 31,
|  | 2024 |  |  |  |
Contract termination costs |  | $ | 10.1 |  |  |  |  |
Employee related costs |  | 4.3 |  |  |  |  |
Asset impairments |  | 1.8 |  |  |  |  |
System integration costs |  | 0.4 |  |  |  |  |
Total restructuring charges |  | $ | 16.7 |  |  |  |  |
Charges associated with the Restructuring Plan are included within Restructuring Charges on the Consolidated Statements of Operations. Liabilities associated with restructuring charges are included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets. As of December 31, 2024, the Company had $11.9 million of accrued restructuring charges related to the Restructuring Plan.

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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