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Restructuring
3 Months Ended
Mar. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring

10. Restructuring

 

The Company recorded $0.3 million and $3.9 million of restructuring expense for the three months ended March 31, 2022 and 2021, respectively. Restructuring expenses for the three months ended March 31, 2022, were primarily for severance costs related to cost reduction initiatives in our North America segment.

 

The summary of the activity in the restructuring liability for the three months ended March 31, 2022, was as follows:

 

 

 

Balance at

 

 

 

 

 

Cash

 

 

Non-cash Items /

 

 

Balance at

 

(in millions)

 

December 31, 2021

 

 

Provision

 

 

Expenditures

 

 

Currency Change

 

 

March 31, 2022

 

Employee termination costs(1)

$

 

3.4

 

$

 

0.3

 

$

 

(1.0

)

$

 

 

$

 

2.7

 

Termination of lease agreements(2)

 

 

1.1

 

 

 

 

 

 

(0.6

)

 

 

 

 

 

0.5

 

Total restructuring liability

$

 

4.5

 

$

 

0.3

 

$

 

(1.6

)

$

 

 

$

 

3.2

 

 

(1)
We expect the remaining $2.7 million employee termination costs to be substantially paid in the next nine months.
(2)
We expect the remaining $0.5 million lease termination costs to be substantially paid in the next three months.

 

The summary of the activity in the restructuring liability for the three months ended March 31, 2021, was as follows:

 

 

 

Balance at

 

 

 

 

 

Cash

 

 

Non-cash Items /

 

 

Balance at

 

(in millions)

 

December 31, 2020

 

 

Provision

 

 

Expenditures

 

 

Currency Change

 

 

March 31, 2021

 

Employee termination costs

$

 

8.1

 

$

 

3.1

 

$

 

(2.7

)

$

 

(0.1

)

$

 

8.4

 

Termination of lease agreements

 

 

1.0

 

 

 

0.8

 

 

 

(0.1

)

 

 

 

 

 

1.7

 

Other

 

 

0.2

 

 

 

 

 

 

 

 

 

 

 

 

0.2

 

Total restructuring liability

$

 

9.3

 

$

 

3.9

 

$

 

(2.8

)

$

 

(0.1

)

$

 

10.3