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Business Realignment Expenses

6 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Business Realignment Expenses

Business Realignment Expenses

Business realignment expenses are associated with management changes, exiting certain businesses, or other cost saving actions and are recorded as a component of Other operating expenses on the Consolidated Statements of Operations.

For the year ended September 30, 2019, business realignment expenses were incurred related to: management changes associated with a strategic reorganization of the Company's go-to-market strategy for self-directed and fully-managed market place services, the conclusion of the Scrap Contract, and other cost saving actions.

Business realignment expenses were as follows for the periods presented:

			Three Months Ended March 31,																		Six Months Ended March 31,
(in thousands)			2020						2019						2020						2019
Employee severance and benefit costs:
CAG			$	—					$	—					$	—					$	—
Corporate & Other			—						—						—						170
Total employee severance and benefit costs			—						—						—						170
Occupancy and other costs:
CAG			—						5						—						51
Corporate & Other			—						—						—						134
Total occupancy and other costs			—						5						—						185
Total business realignment expenses			$	—					$	5					$	—					$	355

The table below sets forth the significant components and activity in the liability for business realignment initiatives, on a segment and consolidated basis:

(in thousands)						Liability Balance at September 30, 2018						Business Realignment Expenses						Cash Payments						Liability Balance at September 30, 2019						Adoption of ASC 842						Business Realignment Expenses						Cash Payments						Liability Balance at March 31, 2020
Employee severance and benefit costs:
CAG						$	89					$	443					$	(118)					$	414					$	—					$	—					$	(414)					$	—
Corporate & Other						21						1,537						(1,320)						238						—						—						(238)						—
Total employee severance and benefit costs						$	110					$	1,980					$	(1,438)					$	652					$	—					$	—					$	(652)					$	—
Occupancy and other costs:
CAG						459						51						(341)						169						(169)						—						—						—
Corporate & Other						807						134						(941)						—						—						—						—						—
Total occupancy and other costs						$	1,266					$	185					$	(1,282)					$	169					$	(169)					$	—					$	—					$	—
Total business realignment						$	1,376					$	2,165					$	(2,720)					$	821					$	(169)					$	—					$	(652)					$	—

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- References

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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