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Restructuring | 12 Months Ended
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Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring | 5. Restructuring Restructuring Program As a result of the review of our land business and changes in the overall economic landscape for all our reportable segments due to the COVID-19 pandemic, in the first quarter of 2020, we implemented a restructuring initiative focused on streamlining our operations and rationalizing our deployment and allocation of resources. While we took several actions during the year ended December 31, 2020, our focus was primarily on cost-reduction initiatives in response to the pandemic. In 2021, we heightened our focus on restructuring our land business in North America, which has included reorganizing and relocating certain business activities, as well as implementing changes to the operational and management structure of the business. While we initially expected to finalize the overall restructuring plan by the end of the second quarter of 2021, we elected to extend it to the end of first quarter of 2022 to expand the plan in order to finalize the alignment of processes and platforms within the land segment. During the fourth quarter of 2021, we were able to complete all necessary activities and the restructuring program is now closed. During the year ended December 31, 2021, we incurred incremental charges of $6.6 million, comprised principally of external consulting fees supporting the land restructuring and related severance costs. These costs are included in Restructuring charges in our Consolidated Statements of Income and Comprehensive Income. Our accrued restructuring charges as of December 31, 2021 are included in Accrued expenses and other current liabilities on our Consolidated Balance Sheets. The following table provides a summary of our restructuring activities (in millions):
| Aviation |  | Land |  | Marine |  | Corporate |  | Consolidated
Accrued charges as of December 31, 2019 | $ | 0.5 |  |  | $ | 7.5 |  |  | $ | 1.3 |  |  | $ | 0.2 |  |  | $ | 9.5 |
Restructuring charges | 3.3 |  |  | 3.9 |  |  | 1.9 |  |  | 1.2 |  |  | 10.3 |
Paid during the period | (3.0) |  |  | (6.7) |  |  | (2.3) |  |  | (1.4) |  |  | (13.3) |
Accrued charges as of December 31, 2020 | 0.9 |  |  | 4.6 |  |  | 0.9 |  |  | 0.1 |  |  | 6.6 |
Restructuring charges | 0.7 |  |  | 6.3 |  |  | (0.5) |  |  | — |  |  | 6.6 |
Paid during the period | (0.8) |  |  | (10.8) |  |  | (0.4) |  |  | (0.1) |  |  | (12.2) |
Accrued charges as of December 31, 2021 | $ | 0.8 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.0 |
2020 Global Office Rationalization During the second quarter of 2020, we completed a cost reduction initiative to rationalize our global office footprint and approved the abandonment of certain office leases, including the transition of select offices to smaller or more cost-effective locations. These asset groups, consisting mainly of right-of-use assets and leasehold improvements, were tested for impairment. We concluded that the carrying amounts of these asset groups were not recoverable and the fair value determined was concluded to be nominal based on a discounted cash flow model. As a result, an $18.6 million impairment charge was recorded during the second quarter of 2020 and included within Asset impairments on our Consolidated Statements of Income and Comprehensive Income. The following table provides a summary of this impairment by reportable business segment for the year ended December 31, 2020 (in millions):
| Aviation |  | Land |  | Marine |  | Corporate |  | Consolidated
Asset impairment | $ | 6.9 |  |  | $ | 5.9 |  |  | $ | 4.0 |  |  | $ | 1.8 |  |  | $ | 18.6 |

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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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