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Note O - Restructuring Activities | 6 Months Ended
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Jun. 30, 2020
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note O — Restructuring Activities In 2019, our management team, along with members of the Board, formed a project committee focused on cost-saving initiatives and other restructuring efforts. This committee reviewed each of our business segments and other operational areas to identify both one -time and recurring cost-saving opportunities. In 2020, our management team continues to rationalize our cost structure and operating footprint, optimize our operations, and invest in improved technology. In the three months ended June 30, 2020 and 2019 we recorded restructuring charges of $5.2 million and $3.3 million respectively. The charges for the three months ended June 30, 2020 included $2.6 million of lease impairment and termination charges related to our exit of direct mail facilities and $1.2 million in capital losses from asset disposal associated with the Summit deal as well as severance charges. The charges for the three months ended June 30, 2019 were primarily related to a $1.8 million impairment charge on our long-term customer databases and a $0.6 million asset impairment charge as well as $0.5 million severance expense. In the six months ended June 30, 2020 and 2019, we recorded restructuring charges of $6.6 million and $7.8 million respectively. The charges for the six months ended June 30, 2020 included $3.0 million of lease impairment charges related to our exit of direct mail facilities and $1.1 million in capital losses from asset disposal associated with the Summit deal as well as $1.4 million severance charges. The charges for the six months ended June 30, 2019 were primarily related to a $4.0 million impairment charge on our long-term customer databases and a $2.1 million contract termination fee as well as $0.6 million asset impairment charge and $0.6 million severance expense. The following table summarizes the restructuring charges which are recorded in “Restructuring Expense” in the Condensed Consolidated Statement of Comprehensive Income (Loss).
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
In thousands |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Customer database build write off |  | $ | - |  |  | $ | 1,845 |  |  | $ | - |  |  | $ | 4,035 |
Contract termination fee |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,100 |
Adjustment to Contract termination fee |  |  | (306 | ) |  |  | — |  |  |  | (306 | ) |  |  | — |
Severance |  |  | 997 |  |  |  | 496 |  |  |  | 1,411 |  |  |  | 644 |
Facility, asset impairment and other expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lease impairment and termination expense |  |  | 2,626 |  |  |  | — |  |  |  | 2,974 |  |  |  | 68 |
Fixed Asset disposal and impairment charges |  |  | 1,160 |  |  |  | 632 |  |  |  | 1,140 |  |  |  | 632 |
Facility and other expenses |  |  | 742 |  |  |  | 308 |  |  |  | 1,366 |  |  |  | 308 |
Facility, asset impairment and other expense |  |  | 4,528 |  |  |  | 940 |  |  |  | 5,480 |  |  |  | 1,008 |
Total |  | $ | 5,219 |  |  | $ | 3,281 |  |  | $ | 6,585 |  |  | $ | 7,787 |
The following table summarizes the changes in liabilities related to restructuring activities:
In thousands |  | Three Months Ended June 30, 2020 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning Balance: |  | $ | 1,491 |  |  | $ | 460 |  |  | $ | 7 |  |  | $ | 1,958 |
Additions: |  |  | — |  |  |  | 997 |  |  |  | 1,887 |  |  |  | 2,884 |
Payments and adjustments |  |  | (796 | ) |  |  | (682 | ) |  |  | (1,892 | ) |  |  | (3,370 | )
Ending Balance: |  | $ | 695 |  |  | $ | 775 |  |  | $ | 2 |  |  | $ | 1,472 |
In thousands |  | Six Months Ended June 30, 2020 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning balance: |  | $ | 1,491 |  |  | $ | 360 |  |  | $ | 70 |  |  | $ | 1,921 |
Additions |  |  | — |  |  |  | 1,411 |  |  |  | 2,568 |  |  |  | 3,979 |
Payments and adjustments |  |  | (796 | ) |  |  | (996 | ) |  |  | (2,636 | ) |  |  | (4,428 | )
Ending balance: |  | $ | 695 |  |  | $ | 775 |  |  | $ | 2 |  |  | $ | 1,472 |
In thousands |  | Three Months Ended June 30, 2019 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning Balance: |  | $ | — |  |  | $ | 68 |  |  | $ | — |  |  | $ | 68 |
Additions |  |  | 2,100 |  |  |  | 496 |  |  |  | 38 |  |  |  | 2,634 |
Payments |  |  | — |  |  |  | (304 | ) |  |  | — |  |  |  | (304 | )
Ending Balance: |  | $ | 2,100 |  |  | $ | 260 |  |  | $ | 38 |  |  | $ | 2,398 |
|  | For the Six Months Ended June 30, 2019 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning Balance: |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Additions |  |  | 2,100 |  |  |  | 644 |  |  |  | 38 |  |  |  | 2,782 |
Payments |  |  | — |  |  |  | (384 | ) |  |  | — |  |  |  | (384 | )
Ending Balance: |  | $ | 2,100 |  |  | $ | 260 |  |  | $ | 38 |  |  | $ | 2,398 |
We expect that in connection with our cost-saving and restructuring initiatives, we will incur total restructuring charges of approximately $20.9 million through the end of 2020. We recognized $6.6 million of restructuring expense in the six months ended June 30, 2020 and recognized $11.8 million of restructuring expense in the year ended December 31, 2019. We expect to incur $2.5 million of restructuring charges through the end of 2020.

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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 + Details
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