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Restructuring

3 Months Ended

Mar. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During the fourth quarter of 2017, we began an enterprise-wide restructuring plan that was designed to streamline the organization and reallocate resources to better align our organizational structure and costs with our strategy. While these activities are ongoing, we expect the majority of these activities to be completed over the next 12 to 18 months. The restructuring plan involves reviewing non-core businesses and assets, our organizational structure, and expected business prospects in the markets we serve, as well as our existing technology platforms. Accordingly, based on the nature of the activities being reviewed, we cannot reasonably estimate the ultimate cost that will be incurred. During the first quarter of 2018, we incurred $4.3 million in restructuring charges, comprised primarily of employee-related costs, which are included in compensation and employee benefits on our consolidated statement of income and in accrued expenses and other current liabilities on our consolidated balance sheet.

The following table provides a summary of our restructuring activities during the period and are included in accrued expenses and other current liabilities on our consolidated balance sheet (in millions):

	Aviation			Land			Marine			Corporate			Consolidated
Balance as of December 31, 2017	$	0.7		$	25.0		$	1.3		$	5.0		$	32.0
Employee-related costs incurred	0.7			2.3			1.0			0.2			4.3
Paid during the period	(0.4		)	(3.5		)	(0.8		)	(3.2		)	(7.8		)
Restructuring charges as of March 31, 2018	$	1.0		$	23.9		$	1.6		$	2.0		$	28.5

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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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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