Restructuring Charges

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Note 19. Restructuring Charges

GES

As part of our efforts to drive efficiencies and simplify our business operations, we took certain restructuring actions designed to simplify and transform GES for greater profitability. In response to the COVID-19 pandemic in 2020, we accelerated our transformation and streamlining efforts at GES to significantly reduce costs and create a lower and more flexible cost structure focused on servicing our more profitable market segments. These initiatives resulted in restructuring charges related to the elimination of certain positions and continuing to reduce our facility footprint at GES, as well as charges related to the closure and liquidation of GES’ United Kingdom-based audio-visual services business.

Other Restructurings

We recorded restructuring charges in connection with the consolidation of certain support functions at our corporate headquarters and certain reorganization activities within Pursuit. These charges primarily consist of severance and related benefits due to headcount reductions.

Changes to the restructuring liability by major restructuring activity are as follows:


	GES						Other Restructurings
(in thousands)	Severance & Employee Benefits			Facilities			Severance & Employee Benefits			Total
Balance at December 31, 2021	$	1,976		$	1,433		$	26		$	3,435
Restructuring charges		229			425			—			654
Cash payments		(82	)		(429	)		(53	)		(564	)
Non-cash items(1)		(355	)		—			—			(355	)
Adjustment to liability		(2	)		1			39			38
Balance at March 31, 2022	$	1,766		$	1,430		$	12		$	3,208

(1)

Represents non-cash adjustments related to a write-down of certain ROU assets as a result of vacating certain facilities prior to the lease term during the three months ended March 31, 2022.

As of March 31, 2022, $1.5 million of the liabilities related to severance and employee benefits will remain unpaid by the end of 2022. The liabilities related to facilities primarily include non-lease expenses that will be paid over the remaining lease terms. Refer to Note 23 – Segment Information for information regarding restructuring charges by segment.