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DISCONTINUED OPERATIONS | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS The Company's discontinued operations include the former North American Technology Group which was sold in December 2015 and has been winding down operations since then (see Note 1). For the year ended December 31, 2022, the Company's discontinued operations recorded net income of approximately $0.7 million primarily related to the classification of restitution receipts of approximately $0.7 million to discontinued operations, offset by related professional fees of approximately $0.4 million and resolution of certain liabilities of these discontinued operations of approximately $0.5 million and recorded approximately $0.2 million for the provision for income taxes. For the year ended December 31, 2021, the Company recorded net income in its discontinued operations of approximately $33.2 million primarily related to the dissolution of certain entities of these previously discontinued operations of $31.7 million, pre-tax, and the classification of approximately $15.0 million in restitution receipts to discontinued operations, offset by $3.0 million of related professional fees and approximately $10.7 million for the provision for income taxes. For the year ended December 31, 2020, the Company's discontinued operations recorded approximately $1.9 million in restitution receipts classified to discontinued operations, offset by approximately $0.5 million of professional fees and $0.5 million for the provision for income taxes. The Company has completed the wind-down activities related to the sale of the France business, as disclosed in previous 10-K filings, but may incur additional charges related to statutory tax and other indemnities given at closing. The Company has substantially completed the wind-down activities related to the former North American Technology Group business, although certain activities related to sublet facilities continue. The net assets and liabilities of discontinued operations are immaterial other than the exit costs disclosure below. The Company expects that total additional exit charges related to discontinued operations after this year may aggregate up to $0.5 million. The following table details liabilities related to the exit costs of the sold businesses that remain for 2022 (in millions):
|  |  |  |  |  |  |  | Accrued exit costs
Balance January 1, 2022 |  |  |  |  |  |  |  | $ | 2.7 |
Charged to expense |  |  |  |  |  |  |  | 0.1 |
Paid or otherwise settled |  |  |  |  |  |  |  | (0.4) |
Balance December 31, 2022 |  |  |  |  |  |  |  | $ | 2.4 |
The following table details liabilities related to the exit costs of the sold businesses for 2021 (in millions):
|  |  |  |  |  |  |  | Accrued exit costs
Balance, January 1, 2021 |  |  |  |  |  |  |  | $ | 2.8 |
Charged to expense |  |  |  |  |  |  |  | 0.4 |
Paid or otherwise settled |  |  |  |  |  |  |  | (0.5) |
Balance, December 31, 2021 |  |  |  |  |  |  |  | $ | 2.7 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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