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Restructuring
9 Months Ended
Sep. 30, 2022
Restructuring and Related Activities [Abstract]  
Restructuring

9. Restructuring

 

The Company recorded $2.3 million and $4.2 million of restructuring expense for the nine months ended September 30, 2022 and 2021, respectively. Restructuring expense for the three months ended September 30, 2022 and 2021 was $0.1 million and $0.3 million, respectively. Restructuring expenses were primarily for severance costs related to cost reduction initiatives in our North America and EMEA segments.

 

The summary of the activity in the restructuring liability for the nine months ended September 30, 2022, was as follows:

 

 

 

Balance at

 

 

 

 

 

Non-cash Items /

 

Balance at

(in millions)

 

December 31, 2021

 

Provision

 

Cash
Expenditures

 

Currency
Change

 

September 30, 2022

Employee termination costs(1)

$

3.4

$

1.9

$

(3.4)

$

(0.2)

$

1.7

Termination of lease agreements(2)

 

1.1

 

 

(0.9)

 

 

0.2

Other

 

 

0.4

 

(0.4)

 

 

Total restructuring liability

$

4.5

$

2.3

$

(4.7)

$

(0.2)

$

1.9

 

(1)
We expect the remaining $1.7 million employee termination costs to be substantially paid in the next nine months.
(2)
We expect the remaining $0.2 million lease termination costs to be substantially paid in the next three months.

 

The summary of the activity in the restructuring liability for the nine months ended September 30, 2021, was as follows:

 

 

 

Balance at

 

 

 

 

 

Non-cash Items /

 

Balance at

(in millions)

 

December 31, 2020

 

Provision

 

Cash
Expenditures

 

Currency
Change

 

September 30, 2021

Employee termination costs

$

8.1

$

3.8

$

(8.0)

$

(0.1)

$

3.8

Termination of lease agreements

 

1.0

 

0.3

 

(0.9)

 

0.6

 

1.0

Other

 

0.2

 

0.1

 

(0.2)

 

(0.1)

 

Total restructuring liability

$

9.3

$

4.2

$

(9.1)

$

0.4

$

4.8