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RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 2022

Restructuring Charges

Restructuring Charges

NOTE 21. RESTRUCTURING CHARGES

In response to the decreased activity level of our customers that resulted from the COVID–19 pandemic, we recorded pandemic restructuring charges for severance costs of $1.7 million and $5.3 million during the years ended December 31, 2021 and 2020, respectively. We do not expect to incur additional material costs under this restructuring plan.

During the year ended December 31, 2021, management approved and initiated a plan to exit a facility no longer deemed economical for our business, and we incurred $0.9 million of costs to complete the exit of the facility. We do not expect to incur additional material costs under this restructuring plan.

During the year ended December 31, 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. Management also approved a plan to dispose of certain non–core properties, and we incurred $1.5 million of costs as a result of these property disposals. No additional charges will be incurred under this restructuring plan.

The following table presents restructuring charges incurred by segment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Contract

​

Aftermarket

​

​

​

​

​

​

​

​

Operations

​

Services

​

Other

​

Total

2021

​

​

​

​

​

​

​

​

​

​

​

​

Pandemic restructuring

​

$

616

​

$

145

​

$

956

​

$

1,717

2021 property restructuring

​

​

929

​

​

—

​

​

—

​

​

929

2020 property restructuring

​

​

—

​

​

—

​

​

35

​

​

35

Other restructuring

​

​

—

​

​

—

​

​

222

​

​

222

Total restructuring charges

​

$

1,545

​

$

145

​

$

1,213

​

$

2,903

​

​

​

​

​

​

​

​

​

​

​

​

​

2020

​

​

​

​

​

​

​

​

​

​

​

​

Organizational restructuring

​

$

458

​

$

625

​

$

612

​

$

1,695

Pandemic restructuring

​

​

2,505

​

​

1,218

​

​

1,534

​

​

5,257

2020 property restructuring

​

​

​

​

​

​

​

​

​

​

​

​

Loss on sale

​

​

—

​

​

—

​

​

915

​

​

915

Impairment loss

​

​

—

​

​

—

​

​

583

​

​

583

Total restructuring charges

​

$

2,963

​

$

1,843

​

$

3,644

​

$

8,450

​

The following table presents restructuring charges incurred by cost type:

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2021		​	2020
Severance costs	​	​	​	​	​	​
Organizational restructuring	​	$	—	​	$	1,695
Pandemic restructuring	​	​	1,717	​	​	5,257
Total severance costs	​	​	1,717	​	​	6,952
Property disposal costs:	​	​	​	​	​	​
Loss on sale	​	​	—	​	​	915
Impairment loss	​	​	—	​	​	583
Other exit costs	​	​	964	​	​	—
Total property disposal costs	​	​	964	​	​	1,498
Other restructuring costs	​	​	222	​	​	—
Total restructuring charges	​	$	2,903	​	$	8,450

​

X

- References

No definition available.

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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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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