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Restructuring and Impairment | 3 Months Ended
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Mar. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Impairment | Restructuring and Impairment One Clarivate Program - During the second quarter of 2021, the Company approved a restructuring plan to streamline operations within targeted areas of the Company to reduce operational costs, with the primary cost savings driver being from a reduction in workforce. ProQuest Acquisition Integration Program - D uring the fourth quarter of 2021, the Company approved a restructuring plan to streamline operations within targeted areas of the Company to reduce operational costs, with the primary cost savings driver being from a reduction in workforce. Other Restructuring Programs - During the fourth quarter of 2019 and throughout 2020, we engaged a strategic consulting firm to assist us in optimizing our structure and cost base, resulting in the implementation of several cost-saving and margin improvement programs designed to generate substantial incremental cash flows. The following table summarizes the pre-tax charges by activity and program during the periods indicated:
|  | Three Months Ended March 31,
|  | 2023 |  | 2022
Severance and Related Benefit Costs: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 5.7 |
ProQuest Acquisition Integration Program |  | 9.3 |  |  | 4.2 |
Other Restructuring Programs |  | — |  |  | 0.4 |
Total Severance and Related Benefit Costs |  | $ | 9.3 |  |  | $ | 10.3 |
Exit and Disposal Costs: |  |  |  |
ProQuest Acquisition Integration Program |  | $ | 0.1 |  |  | $ | 1.8 |
Other Restructuring Programs |  | — |  |  | (0.1) |
Total Exit and Disposal Costs |  | $ | 0.1 |  |  | $ | 1.7 |
Lease Abandonment Costs: |  |  |  |
Other Restructuring Programs |  | — |  |  | (0.3) |
Total Lease Abandonment Costs |  | $ | — |  |  | $ | (0.3) |
Total Restructuring and Impairment Costs |  | $ | 9.4 |  |  | $ | 11.7 |
The following table summarizes the pre-tax charges by program and segment during the periods indicated:
|  | Three Months Ended March 31,
|  | 2023 |  | 2022
Academia and Government: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 2.9 |
ProQuest Acquisition Integration Program |  | 5.1 |  |  | 3.2 |
Other Restructuring Programs |  | — |  |  | (0.2) |
Total Academia and Government |  | $ | 5.1 |  |  | $ | 5.9 |
Intellectual Property: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 2.0 |
ProQuest Acquisition Integration Program |  | 2.7 |  |  | 1.9 |
Other Restructuring Programs |  | — |  |  | 0.2 |
Total Intellectual Property |  | $ | 2.7 |  |  | $ | 4.1 |
Life Sciences and Healthcare: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 0.8 |
ProQuest Acquisition Integration Program |  | 1.6 |  |  | 0.9 |
Total Life Sciences and Healthcare |  | $ | 1.6 |  |  | $ | 1.7 |
Total, Restructuring and impairment expense |  | $ | 9.4 |  |  | $ | 11.7 |
The following table summarizes the activity relating to the restructuring reserves across each of Clarivate's cost-saving programs during the periods indicated:
|  | Severance and Related Benefit Costs |  | Exit, Disposal and Abandonment Costs |  | Total |
Reserve Balance as of December 31, 2022 |  | $ | 11.5 |  |  | $ | 0.1 |  |  | $ | 11.6 |  |
Expenses recorded |  | 9.3 |  |  | 0.1 |  |  | 9.4 |  |
Payments made |  | (12.8) |  |  | (0.1) |  |  | (12.9) |  |
Noncash items |  | (0.5) |  |  | — |  |  | (0.5) |  |
Reserve Balance as of March 31, 2023 |  | $ | 7.5 |  |  | $ | 0.1 |  |  | $ | 7.6 |  |
Reserve Balance as of December 31, 2021 |  | $ | 28.3 |  |  | $ | 0.7 |  |  | $ | 29.0 |  |
Expenses recorded |  | 10.3 |  |  | 1.4 |  |  | 11.7 |  |
Payments made |  | (23.7) |  |  | (0.5) |  |  | (24.2) |  |
Noncash items |  | (0.1) |  |  | 0.5 |  |  | 0.4 |  |
Reserve Balance as of March 31, 2022 |  | $ | 14.8 |  |  | $ | 2.1 |  |  | $ | 16.9 |  |

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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 + Details
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