XML 76 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
RESTRUCTURING CHARGES
9 Months Ended
Sep. 30, 2015
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
RESTRUCTURING CHARGES
In 2013, the Company entered into an agreement with Virginia Electric Power Company, to restructure the remaining five years of the ROVA contract (the "ROVA Restructuring Plan"). Total restructuring charges related to the ROVA Restructuring Plan were $5.5 million and all were recorded to the restructuring expense line item within our consolidated statements of operations as they were incurred. Restructuring expenses related to the ROVA Restructuring Plan impacted our Power Segment and all actions related to this restructuring plan have been completed.
During 2014, the Company initiated strategic changes related to the Canadian Acquisition and the GP Acquisition (collectively, the "Acquisition Restructuring Plans"). Total expected restructuring charges related to the Acquisition Restructuring Plans of $15.2 million have been recorded to the restructuring expense line item within our consolidated statements of operations as they were incurred. Charges related to the Acquisition Restructuring Plans were comprised of one-time employee termination benefits and impacted all segments except for our Power Segment. The restructuring actions were completed in 2014 for the Canadian Acquisition and are expected to be completed in 2015 for the GP Acquisition.
The table below represents the restructuring provision activity related to the restructuring plans:
 
ROVA Restructuring Plan
 
Acquisition Restructuring Plans
 
Total
 
(In millions)
Balance, December 31, 2013
$
5.1

 
$

 
$
5.1

Restructuring Charges
0.5

 
14.5

 
15.0

Cash Payments
(5.2
)
 
(5.7
)
 
(10.9
)
Balance, December 31, 2014
0.4

 
8.8

 
9.2

Restructuring Charges

 
0.7

 
0.7

Cash Payments
(0.4
)
 
(8.1
)
 
(8.5
)
Balance, September 30, 2015
$

 
$
1.4

 
$
1.4