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Note N - Restructuring Activities | 9 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note N — Restructuring Activities Our management team continuously reviews and adjusts our cost structure and operating footprint to optimize our operations, and invest in improved technology. During 2020, in an effort to right-size our operating footprint, we terminated leases in Wilkes Barre (PA) and Grand Prairie (TX) and exited our last direct mail facility in Jacksonville (FL). We completed the migration of our fulfillment business from the Grand Prairie (TX) operations into a new 400,000 square foot facility in Kansas City (KS) in December 2020. In the first quarter of 2021, we completed the migration of our Shawnee (KS) operations to Kansas City (KS). The Shawnee (KS) facility lease expired on April 30, 2021. The new Kansas City location is now our primary facility in the Midwest. In 2020, we also reduced the footprint of our Customer Care business by reducing our Austin (TX) office location by approximately 50,000 square feet in addition to exiting one of our two Manila offices as the business was operating effectively in a work-from-home environment. In connection with our cost-saving and restructuring initiatives, we incurred total restructuring charges of $27.6 million through the end of 2021. We completed our restructuring in 2021, and do not expect any additional restructuring expenses in 2022. In the three months ended September 30, 2021, we recorded restructuring charges of $0.9 million, which included $0.1 million of severance charges, $0.4 million in lease impairment expense and $0.4 million of facility related and other expenses. In the nine months ended September 30, 2021, we recorded restructuring charges of $4.9 million, which included $1.5 million of severance charges, $0.7 million in lease impairment expense and $2.6 million of facility related and other expenses. The following table summarizes the restructuring charges which are recorded in “Restructuring Expense” in the Condensed Consolidated Statements of Comprehensive Income.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
In thousands |  | 2021 |  |  | 2021 |
Severance |  |  | 116 |  |  |  | 1,530 |
Facility, asset impairment and other expense |  |  |  |  |  |  |  |
Lease impairment and termination expense |  |  | 425 |  |  |  | 718 |
Fixed Asset disposal and impairment charges |  |  | (8 | ) |  |  | (2 | )
Facility and other expenses |  |  | 404 |  |  |  | 2,634 |
Total facility, asset impairment and other expense |  |  | 821 |  |  |  | 3,350 |
Total |  | $ | 937 |  |  | $ | 4,880 |
The following table summarizes the changes in liabilities related to restructuring activities:
In thousands |  | Three Months Ended September 30, 2022 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning Balance: |  | $ | — |  |  | $ | 85 |  |  | $ | — |  |  | $ | 85 |
Additions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Payments and adjustments |  |  | — |  |  |  | (65 | ) |  |  | — |  |  |  | (65 | )
Ending Balance: |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | 20 |
In thousands |  | Nine Months Ended September 30, 2022 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning balance: |  | $ | — |  |  | $ | 738 |  |  | $ | — |  |  | $ | 738 |
Additions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Payments and adjustments |  |  | — |  |  |  | (718 | ) |  |  | — |  |  |  | (718 | )
Ending balance: |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | 20 |
In thousands |  | Three Months Ended September 30, 2021 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning Balance: |  | $ | — |  |  | $ | 937 |  |  | $ | 21 |  |  | $ | 958 |
Additions |  |  | — |  |  |  | 113 |  |  |  | (16 | ) |  |  | 97 |
Payments |  |  | — |  |  |  | (421 | ) |  |  | — |  |  |  | (421 | )
Ending Balance: |  | $ | — |  |  | $ | 629 |  |  | $ | 5 |  |  | $ | 634 |
|  | For the Nine Months Ended September 30, 2021 |
|  | Contract Termination Fee |  |  | Severance |  |  | Facility, asset impairment and other expense |  |  | Total |
Beginning Balance: |  | $ | — |  |  | $ | 549 |  |  | $ | 4 |  |  | $ | 553 |
Additions |  |  | — |  |  |  | 1,527 |  |  |  | 1 |  |  |  | 1,528 |
Payments |  |  | — |  |  |  | (1,447 | ) |  |  | — |  |  |  | (1,447 | )
Ending Balance: |  | $ | — |  |  | $ | 629 |  |  | $ | 5 |  |  | $ | 634 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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