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Restructuring Charges | 9 Months Ended
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Sep. 30, 2021
Restructuring Charges |
Restructuring Charges | 14. Restructuring Charges During the first quarter of 2020, we completed restructuring activities to further streamline our organization and more fully align our teams to improve our customer service and profitability. We incurred severance costs of $1.7 million related to these activities during the first quarter of 2020. No additional costs will be incurred for this organizational restructuring. In response to the decreased activity level of our customers that resulted from the COVID-19 pandemic beginning in the second quarter of 2020, we incurred severance costs of $7.0 million to right-size our business. No additional costs will be incurred under this restructuring plan. During the third quarter of 2020, a plan to dispose of certain non-core properties was approved by management. We have incurred $1.5 million of restructuring costs as a result of these property disposals and do not expect to incur additional material property disposal costs under this restructuring plan. During the third quarter of 2021, management approved and initiated a plan to exit a facility no longer deemed economical for our business. Closing costs incurred during the third quarter were not material, however, we expect to incur approximately $0.8 million to complete the exit of this facility in the fourth quarter of 2021. The severance and property disposal costs incurred under the above restructuring plans were recorded to restructuring charges in our condensed consolidated statements of operations. The following table presents restructuring charges incurred by segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Contract | ​ | Aftermarket | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Operations | ​ | Services | ​ | Other (1) | ​ | Total
Three months ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pandemic restructuring | ​ | $ | — | ​ | $ | — | ​ | $ | 224 | ​ | $ | 224
Property restructuring - other exit costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19 | ​ | ​ | 19
Other restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 70 | ​ | ​ | 70
Total restructuring charges | ​ | $ | — | ​ | $ | — | ​ | $ | 313 | ​ | $ | 313
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Organizational restructuring | ​ | $ | (20) | ​ | $ | — | ​ | $ | (13) | ​ | $ | (33)
Pandemic restructuring | ​ | ​ | 546 | ​ | ​ | 644 | ​ | ​ | 245 | ​ | ​ | 1,435
Property restructuring | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss on sale | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 915 | ​ | ​ | 915
Impairment loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | 583
Total property restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,498 | ​ | ​ | 1,498
Total restructuring charges | ​ | $ | 526 | ​ | $ | 644 | ​ | $ | 1,730 | ​ | $ | 2,900
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pandemic restructuring | ​ | $ | 616 | ​ | $ | 145 | ​ | $ | 956 | ​ | $ | 1,717
Property restructuring | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impairment loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 9
Other exit costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 26 | ​ | ​ | 26
Total property restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35 | ​ | ​ | 35
Other restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 201 | ​ | ​ | 201
Total restructuring charges | ​ | $ | 616 | ​ | $ | 145 | ​ | $ | 1,192 | ​ | $ | 1,953
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Organizational restructuring | ​ | $ | 458 | ​ | $ | 625 | ​ | $ | 612 | ​ | $ | 1,695
Pandemic restructuring | ​ | ​ | 1,932 | ​ | ​ | 931 | ​ | ​ | 980 | ​ | ​ | 3,843
Property restructuring | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss on sale | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 915 | ​ | ​ | 915
Impairment loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | 583
Total property restructuring | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,498 | ​ | ​ | 1,498
Total restructuring charges | ​ | $ | 2,390 | ​ | $ | 1,556 | ​ | $ | 3,090 | ​ | $ | 7,036
(1) | Represents expense incurred within our corporate function and not directly attributable to our segments.
​ The following table presents restructuring charges incurred by cost type: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(in thousands) | ​ | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Severance costs |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Organizational restructuring | ​ | $ | — | ​ | $ | (33) | ​ | $ | — | ​ | $ | 1,695
Pandemic restructuring | ​ | ​ | 224 |  | ​ | 1,435 |  | ​ | 1,717 |  | ​ | 3,843
Total severance costs | ​ | ​ | 224 | ​ | ​ | 1,402 | ​ | ​ | 1,717 | ​ | ​ | 5,538
Property disposal costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss on sale | ​ | ​ | — | ​ | ​ | 915 | ​ | ​ | — | ​ | ​ | 915
Impairment loss | ​ | ​ | — | ​ | ​ | 583 | ​ | ​ | 9 | ​ | ​ | 583
Other exit costs | ​ | ​ | 19 | ​ | ​ | — | ​ | ​ | 26 | ​ | ​ | —
Total property disposal costs |  | ​ | 19 |  | ​ | 1,498 |  | ​ | 35 |  | ​ | 1,498
Other restructuring costs | ​ | ​ | 70 | ​ | ​ | — | ​ | ​ | 201 | ​ | ​ | —
Total restructuring charges | ​ | $ | 313 | ​ | $ | 2,900 | ​ | $ | 1,953 | ​ | $ | 7,036
​

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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