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Restructuring and Transformation Activities | 3 Months Ended
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Mar. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Transformation Activities | Restructuring and Transformation Activities 2024 Actions In the first quarter of 2024, the Company incurred $2.3 million of restructuring charges and transformation fees as a continuation of the actions that were announced in the second quarter of 2023 as part of the comprehensive transformation initiative. The transformation activities include $1.1 million of severance and $1.2 million of costs to execute the transformation through the use of an external consultant. The severance and transformation costs are recorded in selling, general and administrative ("SG&A") expenses in the consolidated statements of earnings. The restructuring and transformation costs included in SG&A are detailed below for the first quarter of 2024 (in millions of dollars):
| Severance Costs |  | Transformation Costs |  | Total |  |  |  |  |  |
Professional & Industrial | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  |  |  |  |  |
Outsourcing & Consulting | 0.6 |  |  | — |  |  | 0.6 |  |  |  |  |  |  |
Corporate | 0.4 |  |  | 1.2 |  |  | 1.6 |  |  |  |  |  |  |
Total | $ | 1.1 |  |  | $ | 1.2 |  |  | $ | 2.3 |  |  |  |  |  |  |
2023 Actions In the first quarter of 2023, the Company undertook restructuring actions to further our cost management efforts in response to the current demand levels and reflect a repositioning of our P&I staffing business to better capitalize on opportunities in local markets. Restructuring costs incurred in the first quarter of 2023 totaled $6.6 million and were recorded entirely in SG&A expenses in the consolidated statements of earnings. The restructuring and transformation costs included in SG&A are detailed below for the first quarter of 2023 (in millions of dollars):
| Severance Costs |  | Lease Termination Costs, Transformation and Other |  | Total |  |  |  |  |  |
Professional & Industrial | $ | 2.7 |  |  | $ | 0.3 |  |  | $ | 3.0 |  |  |  |  |  |  |
Science, Engineering & Technology | 0.4 |  |  | 0.1 |  |  | 0.5 |  |  |  |  |  |  |
Education | 0.1 |  |  | — |  |  | 0.1 |  |  |  |  |  |  |
Outsourcing & Consulting | 0.6 |  |  | — |  |  | 0.6 |  |  |  |  |  |  |
International | 0.6 |  |  | — |  |  | 0.6 |  |  |  |  |  |  |
Corporate | 0.2 |  |  | 1.6 |  |  | 1.8 |  |  |  |  |  |  |
Total | $ | 4.6 |  |  | $ | 2.0 |  |  | $ | 6.6 |  |  |  |  |  |  |
Accrual Summary A summary of the global restructuring balance sheet accrual, included in accrued payroll and related taxes and accounts payable and accrued liabilities in the consolidated balance sheet, is detailed below (in millions of dollars):
Balance as of year-end 2023 | $ | 15.1 |
Accruals | 2.3 |
Reductions for cash payments | (11.0) |
Disposition of EMEA staffing operations | (1.5) |
Accrual adjustments | (0.2) |
Balance as of first quarter-end 2024 | $ | 4.7 |
The remaining balance of $4.7 million as of first quarter-end 2024 primarily represents the costs to execute the transformation initiatives and severance costs, and the majority is expected to be paid by the end of 2024. No material adjustments are expected to be recorded.

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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